Europe's car sales declined 7.9% to 1.49M cars in June, compared with 1.62M a year earlier, led by increased declines for Volvo, Fiat Chrysler and Nissan, industry data revealed.
Microsoft and AT&T announced that they reached a more than $2B worth deal, where the telecommunications company is set to tap Microsoft's Azure service for computing needs and provide Office 365 to much of its 268K of workforce.
The International Monetary Fund lowered its expectations for Russian economic growth this year from 1.4% to 1.2% after the weak Q1, suggesting that broader reforms would be necessary for stronger increase.
On Wednesday, Euro Zone's statisticians published a review of the zone's inflation. Year on year inflation was revised up to 1.3%.
On Wednesday, the results of a Reuters Poll revealed that a majority of global economists expect the Turkish economy to contract in 2019.
The US Senate and the House of Representatives put forward bills that would upkeep tight restrictions on China's Huawei Technologies.
On Wednesday, the Governor of Bank of Japan Haruhiko Kuroda announced that he expects economic global growth and that the BoJ will keep policy steady.
Despite announcing earnings in line with forecasts, on Wednesday Ericsson announced that future cost increases might decrease the company's profit margins. The announcement caused a seven percent drop of Ericsson stock price.
On Wednesday, the common European currency reached a weekly low level. The drop was caused by expectations of monetary easing in the Euro Zone.
On Wednesday, the Bank of England announced that most likely its balance sheet will decrease only by half once quantitative easing is reversed.
According to sources with knowledge of the discussions, Japan and the United States are negotiating on a trade agreement involving autos and agriculture.
The German Federal Cartel Office announced on Wednesday that Amazon has agreed to overhaul its Business Services Agreement that applies to merchants using the company's platform.
The Bulgarian Finance Minister Vladislav Goranov said on Tuesday that hackers had stolen millions of Bulgarians taxpayer's financial data at the country's National Revenue Agency.
Bitcoin cryptocurrency fell below $10,000 on Tuesday after the US Senate Banking Committee grilled Facebook Inc on its crypto plans.
According to sources familiar with the matter, lenders of Jet Airways will make another attempt to sell the insolvent airline for at least $1.24B.
Ursula von der Leyen, the new head of the European Commission, stated on Tuesday that she would try to find a mutually beneficial solution to the Brexit with any British leader.
On Tuesday, the German parliament has supported Ursula von der Leyen's candidacy for the post of the European Commission President.
The Atlanta Fed's GDPNow forecast revealed that the US economy grew at a 1.6% annualised rate in the Q2 based on better-than-forecast retail sales and industrial output data, whic came in in line with forecast in June.
Wells Fargo posted higher quarterly profit, with 6% rise in wholesale bank and 26% growth in community bank segments, thanks to cost controls and increase in loans.
The US manufacturing production accelerated 0.4% in June, climbing for the second straight month and surpassing 0.2% forecast, owing to higher output of motor vehicles and parts, the Fed reported.
Oyo, the Indian hotel start-up backed by SoftBank, announced on Tuesday it had acquired Innov8, the local co-worker venture, as the hospitality chain was seeking to enter the commercial real estate sector under the Oyo Workspaces brand name.
On Tuesday, Barclays stated that a merger between two French biggest retailers Casino and Carrefour could be possible, sending Casino's shares up almost 2% on the statement.
On Tuesday, JPMorgan Chase & Co reported its quarterly profit rose 16% to $9.65B, beating analysts' estimates, as a modest loan increase and higher interest income had made up for a lower activity at its trading desks.
Samsung Electronics and SK Hynix have called on the South Korean local supplier to bolster the key chipmaking chemical supply to guard against possible disruptions of production.