The Chinese company Union Life Insurance will sell its 51% majority stake that could lure local or overseas bidders, which are seeking to tap into the rising demand for the insurance products in the country.
Vodafone and Telefonica's O2 have expanded their network sharing deal to include 5G, allowing them to speed up deployment of the mobile service at lower cost.
Apollo Global Management will acquire the plastic packaging products producer RPC Group in an all-cash deal worth $3.3B after months of discussions.
It has been revealed by UK's politicians that the Prime Minister of the United Kingdom could gain the needed support to get the Brexit deal approved at the Parliament, if she manages to achieve a change in the deal of a key provision that concerns Ireland.
On Wednesday, it was announced that Gazprom Neft are researching the possibility of producing liquefied natural gas in the Arctic.
On Wednesday, the Japanese firm ANA Holdings stated it had entered talks with PAL Holdings over making an investment into its subsidiary Philippine Airlines.
France's EDF, the state-owned power utility, has taken a 49% stake in the African firm Conergies Group for an amount it denied to disclose.
Shares in PG&E Corp soared as much as 16% on Tuesday, following its announcement about securing $5.5B in debtor-in-possession financing from a few banks, as the firm prepares for the Chapter 11 bankruptcy protection filing.
The US Federal Reserve launched an inquiry into Deutsche Bank's role in the Danske Bank's money laundering scandal, Bloomberg stated on Wednesday.
Johnson & Johnson is considering to acquire the surgical robotics company Auris Health for $2.0B, the valuation from the firm's latest round of funding, according to a Bloomberg report published on Wednesday.
According to the Pentagon, Lockheed Martin had won a $542M US defence contract for the spares and equipment for the F-35 aircraft.
According to the Pentagon, BAE Systems had won a $474M US defence contract for the maintenance and technical support for the M109 vehicle family.
Viacom, the Nickelodeon and MTV Networks owner, is set to acquire Pluto TV streaming service in an all-cash deal valuing the six-year-old company at $340M, Viacom announced on Tuesday.
During the Asian session of Wednesday stock prices traded sideways. Some financial outlets blamed a global growth slowdown and the US-Chinese trade relations. Currently these two factors are named when there are no clear explanations.
On Wednesday, Chinese officials announced that the government will increase fiscal spending in 2019 in an effort to boost the local economy. Main focus will be set on tax cuts.
During the Asian trading session on Wednesday the strength of the Japanese Yen decreased. Financial media attributed the drop to an increased risk appetite. Meanwhile, Dukascopy Analytics were expecting the surge for weeks.
On Wednesday, the Bank of Japan decreased its forecasts for inflation. In addition the bank warned about risks to the economy caused by a decrease in global demand.
Johnson & Johnson announced expectations for sales in 2019 that were below analysts' estimates, as the company faces rising competition for older drugs.
China's fiscal spending rose 8.7% in the year of 2018, while revenue increased 6.2% in the same period, official of the Finance Ministry stated.
Subaru stated that the sole car factory in Japan accounting for 60% of global production halted output a week ago after the company found a defect in supplier's component.
Japan's exports dropped the most in the two-year period in December, affected by plummeting shipments to regional markets and China as the US-Sino trade frictions and weak global demand impact the economy.
The US home sales dropped to the lowest level in the three-year period in December and home price increases weakened markedly, suggesting a lingering loss of momentum in the property market.
he UK jobs report revealed that the country's unemployment rate declined to 4.0% in November, strengthened the case of gradual tightening of the Bank of England's monetary policy.
Germany's economic sentiment improved more than expected in January, though an index of current conditions dropped to the lowest level in four years, the ZEW stated.