The German economy is expected to expand 3.1% in 2021 after a 4.9% contraction in 2020, a report published by the German Council of Economic Experts shows.
Baidu, the Chinese internet search giant, raised $3.1B in its secondary listing in Hong Kong, data published by the company show.
Semiconductor Manufacturing International Corp plans to invest $2.35B in production facilities in Shenzhen to manufacture semiconductor parts from 2022.
Legend Holdings, the owner of the world's largest PC producer Lenovo, announced a 15.9% stake purchase in chipmaker Fullhan Microelectronics for $236.9M.
Coinbase, the largest US cryptocurrency exchange, is valued at around $68B ahead of an IPO, a statement published by the company shows.
Ford Motor Co plans to produce electric vans for the European market through a joint venture with Ford Otosan in Turkey, a statement published by the company shows.
Volkswagen is expecting to double its electric car deliveries and raise profits for the core brand in 2021 after the automaker accelerated its switch to zero-emission vehicles.
Vodafone is planning to price its infrastructure arm Vantage Towers' shares at €24 each, bringing the company's valuation to €2.13B, in one of the EU biggest IPOs of 2021.
During Wednesday's European trading hours, the stock price for Volkswagen surged by 7.00% or 14.50 EUR. The stock price extended a three day surge, which was caused by a string of positive news from the company.
BMW is anticipating that not less than half of the carmaker's sales to be electric cars by 2030, adding that its MINI brand is likely to be fully electric by this time.
During Wednesday's European trading hours, the prices for crude oil extended their decline despite a drop in US inventories.
According to ACEA data, European new vehicle sales dropped by 20% year-on-year in February due to the coronavirus lockdowns and rising uncertainty across Europe.
On Wednesday, the UAW union criticised Ford Motor's plan to produce new vehicles at its Mexico plant rather than in Ohio amid potential violation of the carmaker's contractual commitments.
On Wednesday, German carmaker BMW stated it is anticipating a significant year-over-year growth in its 2021 pretax profit, as the company sees a robust performance in all segments.
Baidu, China's internet search giant, is planning to raise as much as $3.08B from its secondary listing in Hong Kong, Reuters reported on Wednesday.
As reported by the US Commerce Department on Tuesday, US retail sales declined by 3% in February.
Mastercard Inc has suspended the interchange fee increase until next year April, the company announced on Tuesday.
On Tuesday, the S&P 500 index hit all-time highs, as investors and traders await the US Federal Reserve meeting later this week.
Crude oil prices edged lower for a third consecutive trading session on Tuesday. Brent crude was down by 1.6% to $67.78 a barrel, while the US crude fell by 1.9% to $64.13 per barrel.
The economy of Brazil created more than 250,000 jobs in January, the strongest growth since records began in 1992, a report published by the Economy Ministry shows.
Nokia plans to cut 10,000 employees within the next two years to decrease costs and spend more on research, the Finnish telecoms group reports.
Volkswagen, the world's second largest car manufacturer, is worth €200B, the Chief Executive Officer Herbert Diess says.
US business inventories increased 0.3% in January after rising 0.8% in December, a report published by the Commerce Department shows.
US retail sales declined 3% to $561.7B in February, compared to the previous month, data published by the US Commerce Department show.