The US manufacturing activity weakened more than anticipated in April due to a sharp fall in orders and in construction spending in March, suggesting the economic growth's moderation.
The European Bank for Reconstruction and Development is set to move the Bank's London headquarters to the business district of Canary Wharf in the year of 2022, the lender stated.
The US private employers added 275K jobs last month, well above forecasts and the most in nine months, supporting the view of the strong labour market, ADP reported.
Toyota Motor reported a decline of 4.4% in the US sales in April amid slack demand for sedans, including Prius and Corolla. The carmaker sold 162K cars in April, compared with 170K units a year before.
The US construction spending decreased unexpectedly in March after gains in three months in succession, affected by declines in both public and private construction projects.
The British global esports organisation Fnatic attracted about $19M in a new round of funding, restructuring its leadership amid plans on the major expansion in North America and Asia.
The e-commerce giant Amazon has opened its online platform to the local retail market in Israel to enable the retailers to sell their products directly to the Indian customers.
On Wednesday, Curaleaf Holdings stated it would acquire Cura Partners' cannabis Select brand in a deal worth C$1.27B in stocks, seeking to expand its footprint on the US West Coast.
Walmart-owned e-commerce company Flipkart has entered talks to acquire Namdhari's Fresh, India's grocery chain, which operates more than 30 stores in Bengaluru, CNBC-V18 stated on Wednesday.
Beyond Meat, the vegan meat maker, has raised the estimated price range in its upsized initial public offering, right ahead of the planned market debut this Wednesday, indicating strong demand from investors.
Dialog Group, the energy sector services company, its JV partners, including the Dutch oil storage firm Koninklijke Vopak, are facing a $1.35B lawsuit from the property investment group for allegedly lost profits.
On Wednesday, oil price benchmarks declined. The move was attributed to an increase in US oil inventories, which revealed that there is more oil in the market than previously though. Namely, the supply is larger than estimated before.
A German magazine announced on Wednesday that the supervisory board of Bayer is planning an extraordinary meeting to talk about the recent confidence crisis. Namely, investors rebuked at the recent annual shareholder meeting.
On Wednesday, Germany's chemicals group BASF it had finalised the merger of the gas and oil groups DEA and Wintershall, planning to launch the newly created company's listing in the 2020's second half.
The UK insurer Admiral Group took over Acierto, the Spanish digital broker, in partnership with the Mapfre insurer and the PE group Oakley Capital. The financial terms of the deal were not disclosed.
Intesa Sanpaolo, the Italian largest retail bank, sees no possible benefit from merger deal with another EU bank, the lender's CEO Carlos Messina stated.
Imperial Brands, the UK tobacco group, is set for a sale of its premium cigar business amid plans to divest £2.0B worth assets by May 2020, seeking to trim its debt and make investments in vaping products.
HealthEquity confirmed it had made an all-cash offer to acquire WageWorks in a deal that valued the employee benefits administrator at around $2.01B or $50.50 per share.
On Tuesday, Gambia's government announced it signed a deal with BP on the gas and oil exploration off its coast, with BP first top carry out an assessment of the environmental impact at A1 offshore block.
The US education groups Cengage Learning Holdings and McGraw-Hill Education are focused to sign an all-stock merger deal, with the newly created company titles as McGraw Hill and holding around $3.16B in annual revenue, according to the WSJ.
Spain announced plans to increase its fiscal revenue €5.6B next year, with new taxes for financial transactions and digital services, the country's government stated.
Australia's long decrease in home prices proceeded in April due to lacklustre demand and tight credit, though the pace weakened, as rates of auction clearance stabilised in the main cities.
South Korea's exports declined less in April than in the prior month, though the fifth straight month of fall, with shipments of memory chip down 13.5%, which could hurt chances of the economy to return to growth this quarter.
The UK shop price inflation eased to 0.4% year-on-year in early April, the first weakening in the six-month period, as retailers extended discounts at the beginning of the month, an industry survey revealed.