ABB CEO Ulrich Spiesshofer has stepped down abruptly from the Swiss industrial company amid shareholders' and the board's plans for an accelerated turnaround of the group.
Caixa Econômica Federal is planning a sale of its stake in the Brazilian state-run oil company Petroleo Brasileiro, hiring Morgan Stanley and Bank of America as advisers to a potential deal.
On Wednesday, PepsiCo reported its Q1 profit and sales above estimates, bolstered by a higher demand for its beverages and snacks, sending the company's shares up 2%.
China's auto market is set to return to growth this year's second half due to government's support after the automotive sales declined last year on slowing economy and trade dispute with the US.
Switzerland will launch a monitoring system designed to assuage any concerns over potential health risk posed by the 5G mobile frequency emissions, the government announced on Wednesday.
Morgan Stanley reported its Q1 profit topped analysts' forecasts on Wednesday due to the wealth management business gains and lower expenses, taking the company's shares up 3%.
Reliance Industries has entered talks to acquire the British toymaker Hamleys, seeking to expand its footholds in the consumer sector, the Moneycontrol news outlet reported on Wednesday.
Germany's Deutsche Bahn, the indebted railway operator, has favoured a sale, partial or complete, of its UK subsidiary, Arrive with the intention to trim its debt, according to Reuters.
Saudi Aramco is planning to acquire Royal Dutch Shell's 50% stake in SASREF, the Saudi refining joint venture, sources reported on Wednesday, claiming the agreement between two companies has been already reached.
Crude oil price benchmarks reached 2019 high levels on Wednesday. The prices were expected to continue to gain, as various aspects decreased the global output.
On Wednesday, the Chinese insurance company Anbang announced that it is slashing a third of its registered capital. The announcement was made by the state takeover work group, which is restructuring the company.
Afya, the Brazilian educational group, is planning to launch its initial public offering on the New York Stock Exchange in the following months, joining the rising number of Latin American firms that list outside the home markets.
China's giant Weichai Group, which holds about 87% stake in Ferretti, seeks for a listing of the luxury yacht maker, planning to decide on the deal timetable in the nearest time, Ferretti's CEO Alberto Galassi stated on Tuesday.
The Japanese group Nippon Paint Holdings made a takeover offer for the Australian largest paint maker DuluxGroup worth $2.7B, as the company seeks to expand its global footprint by entering Australia's market.
Apollo Global Management is set to purchase Smart & Final Stores in a deal valued at $1.1B, including debt, paying $6.50 for Smart & Final's share in cash, the US public equity group announced.
The German air taxi start-up Lilium named Christopher Delbrueck, the Uniper Chief Financial Officer, as the company's first CFO, preparing for production and operation of a battery-powered aircraft fleet.
The French President Emmanuel Macron is hoping to rebuild the Notre-Dam Cathedral, devastated in a fire, in five years, calling on French citizens to unite for a help to restore their national symbol.
Pernod Ricard signed an agreement with Biggar & Leith to acquire its Italian premium gin brand Malfy, as the alcoholic beverages distributor is expanding its fast-growing portfolio, it announced on Wednesday, not disclosing the financial terms of the deal.
On Tuesday, the US Justice Department raised concerns over the planned $26B merger deal between T-Mobile US and Sprint Corp as currently structured, sending T-Mobile's shares down 4%, while Sprint's shares dropped around 9% on the statement.
On Wednesday, official data showed that China's economy grew at 6.4% in the first quarter from a year earlier, boosted by sharply higher factory production.
Aptiv, the US auto-parts supplier, said on Wednesday that it would open an independent mobility centre in China.
During Wednesday's trading session, the Australian Dollar reached a two-month high against its peers. The surge was attached to China's economic growth in the Q1.
Crude oil prices extended its gains for the second consecutive trading session on Wednesday. The surge was attributed to strong demand for oil in China.
IMB reported a bigger-than-expected decline in revenue in the Q1, affected by tapering demand for mainframe computers and a stronger Dollar, sending the company's shares down nearly 3%.