The Swiss food group has decided to sell its confectionery business to Ferrero. The deal is set to be worth $2.8 billion.
The recent Euro appreciation has started to threaten the profitable bond traders, as European overseas investors see their profits eroded.
According to General Electric's statement, the industrial conglomerate appointed Peter Stracar as its new CEO and President of the European region.
On Wednesday, Standard Chartered announced it had created a new business unit called Dubbed SC Ventures with intention to promote innovation and invest in financial technology.
The President of the European Commission Jean-Claude Juncker stated on Wednesday he would like Britain to rejoin the bloc after the next year's Brexit.
The US DoJ charged the former Barclays foreign exchange trader Robert Bogucki over the alleged role in a fraud scheme towards bank's client.
The Catalan Parliament is eager to meet on Wednesday, making its first step towards local government's formation, following December's elections, despite an obscurity on its plans to split from Spain.
Volkswagen reported a 4.3% gain to 10.7M vehicles in 2017 sales, as the company seeks to reach the top of the world's largest carmaker list.
On Wednesday, Russia called the Afghan government and the Taliban for urgent talks over the civil war, adding it could host negotiations, if needed.
On Tuesday, twenty nations agreed to consider imposing severe sanctions on North Korea amid its nuclear weapon programme, warning its refusal to negotiate could trigger military response.
On Wednesday, the President of Indonesia Joko Widodo replaced the Cabinet's social affairs minister and picked a new head of staff in his five-year term's modest reshuffle.
On Tuesday, the US Senate advanced a bill in order to resume the National Security Agency's Internet surveillance programme, as privacy advocates aim to derail the rule that appeared one vote short.
The employees of General Motor's Chinese assembly factory are working together with DHL employees in a joint effort to improve the logistics of the production plant.
During early Wednesday trading Oil prices were decreasing, as analysts warned that, after a 13% gain during the last month, a price consolidation period should take place.
Reuters on Wednesday released its Top 100 Global Technology Leaders list. This time Microsoft is on the top spot, followed by Intel and Cisco Systems.
The US Federal Reserve began to increase interest rates a year ago. As it turns out today, the largest benefiters have been the biggest lenders in the US, because depositors have now stored $11.95 trillion.
Japan's machinery orders rose 5.7% to the strongest level in decades in November, indicating that companies got ready to spend massive cash piles to encourage economic growth.
The Australian Bureau of Statistics stated that the country's home loans increased 2.1% month-over-month in November, following a 0.6% decline in the prior month.
The third-largest US railroad operator CSX Corp reported a 6% decline in fourth quarter revenue compared to the third quarter.
The European Central Bank is likely to continue to buy bonds as policymakers need more time to assess the economic outlook.
The United States plans to provide $60M in aid to Palestinians, but cut another $65M for now, a US official says.
China's Chery Automobile Co plans to adopt Nvidia's self-driving technology that it has researched with Baidu and ZF Friedrichshafen AG.
Russia should spend more on education and health care after the presidential election in March, the World Bank's Chief Executive Officer Kristalina Georgieva says.
The US President Donald Trump says he wants to attract more talented immigrants from countries all around the world.