Asian shares traded sideways on Wednesday, as investors and traders switched to bond, driven by fears that the US-China trade war shows no sign of ending.
The People's Bank of China said on Wednesday that it would inject about $39.09 billion into the market for the day, through the seven days reverse bond repo operations.
The Deputy Prime Minister of Italy Matteo Salvini stated on Tuesday that the European Commission was considering the imposition of a €3B fine for excessive debt and structural deficit levels.
On Tuesday, all 12 regional banks of the US Federal Reserve voted for keeping steady the interest rate charged for the provision of urgent loans.
According to sources with the knowledge of the matter, the Canadian government is planning to present the Parliament the new North America Trade Agreement's (NAFTA) draft bill on Wednesday.
Beyond Meat stated it would start producing plant-based meats in Europe in 2020, in a bid to expand production outside the US. Shares grew 7%, as J.P. Morgan marked the firm's "extraordinary" growth potential.
Taiwan's Pegatron signed the letter of intent showing its intention to invest $695M to $1B in an Indonesian plant to assemble chips for Apple's smartphones.
Household lending reached its post-crisis high with 3.4% increase in April, while corporate lending rose 3.9%, at its strongest rate this year, the report by the ECB revealed, easing fears that banks were shutting off credit due to growth slowdown.
General Electric is planning to cut over 1K jobs in France, increasing the risk to set the American firm on the collision course with France's government, as it had consistently asked GE not to trim French jobs.
The US car sales are seen to plunge 2.1% in May from the previous year, affected by higher prices that spooked potential buyers, according to the data released by the industry consultants LMC Automotive and J.D. Power on Tuesday.
On Tuesday, Global Payments, the payment technology company, announced it would acquire Total System Services in the all-stock deal valued at $21.5B, adding it expected the takeover to be completed in the Q4 of 2019.
On Tuesday, officials of the People's Bank of China announced that they are confident that they will manage to keep the Yuan at a stable level.
Alibaba is planning to raise $20B via its planned Hong Kong listing, marking the second big deal after its record float worth $25B that took place in New York in 2014.
The British Foreign Minister Jeremy Hunt stated on Tuesday that the country needed a new team of negotiators and a new Brexit deal, emphasizing that exit from the EU without it would be a suicide.
During Tuesday's Asian trading session, Brent crude oil prices reached above $70. The surge of prices was caused by a combination of events that have caused a global supply decrease.
On Tuesday, a survey was published by Duff & Phelps, which revealed that New York has overtaken London as world's top financial centre.
China's telecoms equipment producer Huawei was reviewing the relationship with FedEx after it claimed that the US delivery company, without explanation, diverted two parcels with destination for Huawei's addresses in Asia to the US.
ConocoPhillips announced expectation that current weak prices of global LNG are likely to improve, as rising demand soaks up the excess supply in the market, the company's CEO stated.
During Monday's trading session, crude oil price benchmarks surged by more than one percent. The surge was caused by tensions in the Middle East.
On Monday, it was revealed that Alibaba Group Holding is considering raising additional 20$ billion by listing its stock on Hong Kong stock exchange.
IKEA is planning to change its store strategy and revamp the app, allowing the customers to shop online for the company's products they can visualise within the context of their homes.
On Monday, Alphabet's Google announced it would invest around €600M in a new Finnish data centre in the city of Hamina on the back of rising demand for the tech giant's services.
Euronext has become the sole bidder for over 50% shares of Oslo Bors, after its rival Nasdaq walked away from the bid on Monday, despite valuing the Norwegian stock market operator at the same price of about $783M.
According to Reuters, no less than eight suitors are set to make their second-round proposals to acquire a controlling stake in the Chinese operations of the German wholesaler Metro, valued at up to $2.0B.