The major US retailer and biggest shareholder of JD.com has sold its entire stake of the company's stock. The sale amounts to a total of $3.74 billion.
Due to a decline in demand in China, Estee Lauder has announced that it does not expect to reach its annual earnings estimates. Moreover, the company has retired its CEO Fabrizio Freda
The President of the Minneapolis Federal Reserve Neel Kashkari has stated that it would be appropriate to discuss US rate cuts.
The semiconductor company AMD has set out to acquire server producer ZT Systems for a total of $4.9 billion.
The banking giant Goldman Sachs has reduced its 12-month recession odds from 25% down to 20%.
The alcohol producer Diageo has submitted financial documents to Indian anti-corruption officials that were requested as part of a major investigation.
The government of Japan has evaluated Tokyo Metro for a total of $4.7 billion, as the officials prepare to list the company on the stock exchange.
A recent decline in crude oil prices has been attributed to a potential decline in demand from the Chinese energy market.
Global financial market volatility has declined, as the world waits for the US central banker symposium in Jackson Hole. The main event of the symposium will be the speech of the Chairman of the Federal Reserve at 14:00 GMT.
South Korean AI semiconductor producers Rebellions and Sapeon have agreed to merge. The deal is an attempt to combine forces in an effort to compete with Nvidia.
The Canadian Alimentation Couche-Tard has made a preliminary offer to acquire the Japanese firm Seven & I. The total offer amounts to $38 billion, which is the largest ever offer for a Japanese firm.
The recent decline in stocks price of Alibaba has been caused by the firm missing quarterly financial result forecasts. Alibaba has reported a decline in sales due to declining e-commerce sales.
The Japanese carmaker, Toyota, has revealed that it intends to concentrate on hybrid vehicles, as global demand for electric vehicles has been slowing down.
The Chinese electronic commerce group JD.com has passed second quarterly profit forecasts. The firm has succeeded due to price cutting.
Trade date for July from the United States has revealed that average import prices have increased. The new data is another signal that inflation could move higher in the US.
Recently released Chinese factory output data has revealed that the sector has continued to slow down for a third straight month, as the Chinese economic recovery has shown signs of failure.
Reuters has reported that major investors have held back from buying back assets, as they expect a larger wave of selling that could follow additional recession concerns.
The Swedish electric vehicle producer has announced the start of production in the United States, as the firm intends to avoid US import tariffs.
The CEO of Chipotle Brian Niccol, who managed to turn around Chipotle, has been named by Starbucks as the new CEO of the company.
The main supplier of Apple, Foxconn has revealed that it has passed quarterly earnings forecasts by increasing profits by 6.00%.
The producer of Mars, Snickers and other candy bars has announced the acquisition of Pringles chips producer Kellanova for a total of $36 billion.
The National Highway Traffic Safety Administration has ended the preliminary investigation of 1.8 million Toyota RAV4 SUVs and the causes of the issue of short-circuiting batteries.
The Chinese tech giant Tencent Holdings has announced that the firms has experienced an 8.00% increase in quarterly revenues.
General Motors has announced a recall of 21,000 electric SUVs in the United States due to brake issues.