Statistics New Zealand stated on Thursday that higher vegetable and fruit prices and increasing prices for meat, pushed overall prices of food up 0.7% in August.
PEC agreed to cut oil output with over-producing members Nigeria and Iraq promising to trim production 57K bpd and 175K bpd, respectively, aiming to prevent a glut due to soaring US production and slowing global economy.
Mexico's Pemex stated it launched an offer to prepay no more than $14.7B of bonds in the biggest financial operation to shore up the firm since the new President took office.
The Central Bank of Denmark cut its key interest rate to minus 0.75%, a historic low, following the ECB move earlier to lower rates and relaunch scheme of bond purchase.
Google agreed to pay $1.10B to France's authorities to settle probe on a fiscal fraud, which began in 2015 in a deal, which is likely to create legal precedent for other tech firms present in the country.
Telecom Italia's Chairman Fulvio Conti is set to step down from his post, signalling about easing tensions between the company's main shareholders, following a dispute with France'smedia group Vivendi.
On Thursday, the ECB has cut its interest key rates, reducing deposit rate to its record low of -0.5% from -0.4%, as well as announced about the bond purchases resumption to prop up the Euro zone growth, according to the bank's statement.
Waymo is considering to deploy the self-driving technology in the industry of trucking, its CEO John Krafcik announced on Thursday, as the company seeks to take a commercial opportunity provided by a shortage of the human drivers.
On Wednesday, General Electric Co stated it was planning to cut the ownership in the gas and oil company Baker Hughes from 50.4% to 38.4%, seeking to raise $2.7B in the process.
Active Ownership Capital, the activist investor, is opposing Sunrise Communications' planned takeover of the Liberty Global-owned Swiss cable operator UPC worth $6.36B, according to Reuters.
Anheuser-Busch InBev, the largest brewer in the world, is planning to revive the postponed IPO of the Asia Pacific unit in Hong Kong with $5B float as soon as next week, sources with knowledge of the situation reported.
Toyota Motor Corp is testing its solar-powered Prius model, in a project backed by the Japanese government, hoping it would not require plugging in one day. The sun-powered model is equipped with the Sharp Inc-made solar panels fitted to the car's hood, roof, rear window.
On Thursday, Yahoo Japan Corp has made an offer to acquire the controlling stake in Zozo Inc, the online fashion retailer, for $3.70B, seeking to better compete against such rivals as Amazon.com and Rakuten Inc.
General Motors announced that it was recalling 3.46M US SUVs and pickup trucks to address an issue with vacuum pump, which could make braking difficult.
Peloton Interactive, the fitness start-up known for workout programs on exercise bikes, was planning to raise nearly $1.33B in an initial public offering.
HSBC was planning to quit its France's retail banking business under Noel Quinnm the interim chief executive, the WSJ reported, citing sources familiar with the matter.
On Wednesday, Carrefour denied it was exploring a bid for its French retail rival Casino, following BFM TV's report earlier that day stating that France's retailer was examining a potential all-share offer for the debt-laden company.
On Wednesday, the UAE State Minister and the CEO of ADNOC Group, Sultan Ahmed Al Jaber, conducted a meeting with Alexander Novak, the Russian Energy Minister, to discuss a strategic partnership, according to the Emirati group's statement.
Continental, the German automotive supplier, and France's Michelin are eager to form the tyre-making joint venture, with France's farming software company SMAG as a partner and the venture based in Singapore.
The US-Israeli data science company Explorium announced on Wednesday it had raised $19M in private funding, seeking to expand its platform.
Britain promised to decide as soon as possible whether to allow the Chinese tech giant Huawei Technologies' equipment use in the country's 5G networks, but added that China must follow the rules in case it gains access to the Western market.
Apple's new lower-priced iPhone 11 model disappointed Asian market, as it lacks 5G technology, despite having a faster processor than its predecessors, according to a Cape Investment & Securities analysts.
German pilots have reached their first-ever wage agreement with the Irish budget carrier Ryanair, as the company is in tough discussions with unions across Europe, the VC union stated on Wednesday.
The Facebook-owned Libra cryptocurrency project will seek for the Swiss payment system licence, as the wide range of planned services would need broad oversight, the financial regulator FINMA stated on Wednesday.