China's AI start-up Megvii, also known as Face++, announced on Wednesday it had raised $750M in the latest round of funding ahead of its planned initial public offering in Hong Kong.
On Wednesday, Marathon Petroleum, the US oil refiner, stated that MPLX would acquire Andeavor Logistics in a $9.0B, merging the company's two midstream divisions that store, transport and market refined products and crude oil via terminals, pipelines and trucking operations.
On Thursday, Uber drivers went on strike in the United Kingdom to protest the sums that the investors will make on the company's IPO. It seems to Dukascopy analysts that the drivers do not grasp the basic concepts of economics, as the pay of drivers has little to do with the IPO.
The shopping centre operator Arabian Centres announced on Wednesday that it is valuing its initial public offering at the low end of the indicative price range. The company wants to raise only $659 million.
On Wednesday, Japan's SoftBank is set to spend $4.0B to increase its Yahoo Japan Corp's stake and turn the unit into a subsidiary, seeking to bolster its profit by 24% this year.
Schaeffler, the German bearings maker, sold the Barden plant located in Plymouth to an HQW Precision GmBH unit, securing about 400 job positions.
Waterton Global, the private equity company, announced it had agreed not to raise its Hudbay Minerals stake over 15%, after settling a proxy contest with Canada's miner.
Siemens decided to spin off its struggling power and gas business, as it had dragged on the engineering company's performance due to an increase of renewable power that hit demand for the gas turbines.
Hapvida Participacoes e Investimentos, the Brazilian healthcare provider, aims to sign more acquisition deals in near future, following a takeover of its rival Sao Francisco Saude in a $1.26B deal, the group's CEO Jorge Pinheiro stated.
Singapore's ride-hailing firm Grab is exploring a spin-off of its financial and payments services business, seeking to raise its capital for two businesses separately, to divide one or both of them later, according to a Financial Times report seen on Wednesday.
On Wednesday, Australia's competition regulator stated it had opposed the proposed $11B merger deal between Vodafone Group's Australian division and TPG Telecom, sending TPG's shares down to eight-month low.
Asian shares declined on Wednesday, as investors and traders switched to safe-haven bonds, driven by fears that the United States and China trade war could escalate.
Some Uber drivers in the United Kingdom and the United States announced they would strike on Wednesday, as drivers and regulators around the world have criticised Uber's business tactics.
Nestle, the world's largest packaged food producer, said that it would launch a new baby formula, focusing on smaller cities, often in China's western provinces.
On Wednesday, the Central Bank of New Zealand, cut its interest rate for the first time since 2016, sending the New Zeeland Dollar to a six-month low.
Activity in the Japanese services sector grew at a slightly weaker pace in April than the prior month, as expansion in new business slowed, a business survey revealed on Wednesday.
Apple and SAP, the business software maker, announced their cooperation aimed to help clients to develop their own business applications using machine-learning technology of Apple.
Alphabet's Google stated on Tuesday that it launched a four-month-long programme in Israel to help start-ups expand globally using its tools and experts.
Iraq was close to signing a 30-year, $53B worth energy agreement with PetroChina and Exxon Mobil, the country's Prime Minister stated.
Dutch speciality chemicals firm DSM raised 2019 profit outlook, as high food supplements' sales boosted earnings in the Q1, despite some weakness in Asian markets.
The Euro zone's economy is expected to rebound in 2020 from this year's slow-down, with unemployment falling further, though inflation remaining at 2019 levels and below the target.
The operating profit of BMW declined 78% to €589M, in spite of an increase in deliveries of luxury cars, as it felt the higher investment spending's effects and a €1.4B legal provision.
France's tycoon Xavier Niel agreed a deal to sell mobile towers to Cellnex in Italy, Switzerland and France, with the total worth of €2.7B, seeking to bolster the finances.
Germany's prosecutors imposed a €535M fine on Germany's carmaker Porsche, a Volkswagen's unit, for lapses in duties allowing the company to cheat tests over diesel emissions.