Saudi British Bank has agreed with Alawwal Bank on a merger worth $5B to establish the third largest lender in Saudi Arabia, both banks announced on Wednesday.
On Wednesday, the German Chancellor Angela Merkel has backed the Iran nuclear accord, after the United States rejected it, arguing the agreement is the best option to tackle concerns over Tehran's role in its nuclear missile programme.
Paddy Power Betfair is reviewing to but FanDuel, the fantasy sports firm, as it seeks targeting the US sports betting market, Ireland's bookmaker stated on Wednesday.
On Wednesday, Pizza Hut stated it had clinched a franchise accord with the Madrid-based Telepizza Group, seeking to establish the biggest pizza chain in the Caribbean and Latin America.
On Wednesday, the Vietnamese trade ministry stated it was eyeing to lunch a formal inquiry into Grab's takeover of the Uber Technologies' Southeast Asia unit over possible violation of antitrust law.
On Wednesday, Volkswagen's CFO of its truck and bus unit Matthias Gruendler quitted, citing personal reasons, the company's spokesman stated, adding his successor has not been named yet.
The Iranian President Hassan Rouhani noted on Wednesday that Iran would not concede to US demands; a day after the US imposed new sanctions on the country.
Deutsche Boerse favours acquisitions as an expansion strategy, with priorities being fixed-income securities, currencies and others, the CEO Theodor Weimer said on Wednesday.
Felix Ehrat, the Novartis General Counsel, is set to leave his position at the Swiss drugmaker due to his role in a $1.2M contract with the US Personal Donald Trump's personal lawyer.
On Wednesday, Guatemala has opened its embassy in the Israeli city of Jerusalem, a few days after the US moved there its embassy from Tel Aviv.
David Tepper, the hedge fund founder, is close to finalise a deal worth $2.2B next week to acquire Carolina Panthers from its founder Jerry Richardson.
The growth investment arm of TPG has lifted its stake in Tanium, providing a $175M investment and bringing the total value of the US cyber-security start-up to around $5B.
The German and French electronics retailers MediaMarktSaturn and Fnac Darty have signed a memorandum of understanding to form the EU purchasing alliance, as the firms seek to bolster their efficiency.
Indonesia's April Group has entered the exclusive talks to buy Lwarcel Celulose, the Brazilian pulpmaker, sources familiar with the matter reported on Tuesday.
On Tuesday, Twitter has reconsidered its strategy on battling abusive Internet "trolls" by using behavioural signals to identify abusers on the platform and limiting their tweets visibility.
Amazon.com is set to open its grocery stores without checkout lines in San Francisco and Chicago, the company stated this week, confirming reports over its expansion.
According to the New York Times, the FBI and the US Justice Department were investigating the political data firm Cambridge Analytica, including its employees and banks.
Starbucks Corp plans to triple its revenue and add additional 3,000 stores in China by the end of 2022, the company explained in a statement.
The Japanese economy contracted by 0.6% on an annualised terms during the first quarter of 2018, driven by weaker exports and a decline in consumption and investment.
The National Development and Reform Commission of China has approved 15 fixed-asset investment projects valued at $8.12B during the month of April.
Chinesee firm Tianqi Lithium was nearing a deal to purchase a 24% stake in Chile's Sociedad Quimica Y Minera, one of the largest lithium producers, for nearly $4.3B, sources familiar with the matter said.
The Australian Bureau of Statistics reported that the country's wage price index increased 0.5% in the three-month period to March from the prior quarter, missing forecasts for a 0.6% rise.
Chinese new home prices grew 0.5% in April form the prior month, following a 0.4% increase in March, Reuters' calculations showed after NBS data was published.
The largest Russian oil producer Rosneft was looking to the company's operations in Vietnam, aiming to get the experience required to expand global reach.