Alibaba Group has acquired the Pakistani e-commerce platform Daraz Group from Rocket Internet, saying the unit would continue operating under the same brand after the acquisition.
On Tuesday, Takeda Pharmaceutical agreed the $62B takeover of the London-listed Shire, after Japan's firm raised the cash amount in its bid to $30.33, seeking to secure a recommendation.
According to Reuters news agency, the activist investing company ValueAct Capital Partners has taken $1.2B stake in Citigroup, sending the US bank's shares up 1.5% on the news.
Canada's NorthWest Healthcare Properties has bought rights to 10% stake in Healthscope, about two weeks after Australia's hospital operator received a $3.1B takeover bid from the Australian private equity firm's consortium.
Walmart is expected to announce its deal to acquire a majority stake in Flipkart, the Indian e-commerce firm, before this week's end, making the US retail giant's deal the largest acquisition of a business.
On Tuesday, Sweden's fast-growing financial technology firm iZettle stated it is planning a listing on the Nasdaq Stockholm stock exchange as soon as this year, becoming one of the largest EU fintech firms to list so far.
The Customs General Administration of China reported on Tuesday that China's trade surplus with the US had increased to $22.19B in April, compared to $15.43B in March.
Oil prices remained at their highest level since 2014 early today prior to the US President Donald Trump's announcement about a possible withdrawal from the Iran nuclear deal.
Chinese imports and exports grew at a faster-than-expected pace in April with a rise of 21.5% and 12.9%, respectively, thus leaving the country's trade surplus at $28.78B.
The Reserve Bank of New Zealand reported on Tuesday that its inflation expectation for the second quarter of 2018 is 2.01%, while the average one-year expectation is 1.80%.
Japan's Finance Minister Taro Aso stated that the country is set to host a meeting of G20 financial leaders in western Japan over June 8-9 in 2019.
ValueAct Capital Partners, the activist investing group, invested $1.2B in Citigroup, citing the bank's reliable revenue and low risk.
On Monday, Telecom Italia has reappointed Amos Genish as the company's CEO, after the activist fund Elliott grabbed control over the board from the phone group's top shareholder Vivendi.
Lufthansa made an order for up to 16 new planes worth $2.5B, including six Airbus A320ceo jets and up to four long-haul Boeing 777 aircraft, the German airline stated on Monday.
Drive.ai, the Silicon Valley self-driving start-up, said it would launch a pilot programme for the autonomous ride-hailing service in Frisco and Texas in July.
On Monday, Uber Technologies stated it had hired the former NTSB chairman Christopher Hart to advise the ride-hailing firm on its safety culture, following the fatal self-driving car crash in Arizona last month.
The notion of re-running an election grew on Monday after Italian President Sergio Mattarella conducted a final consultation round to try to stop political deadlock lasting two months.
Carl Icahn, a billionaire investor has sold his part of American International Group Inc's shares after collaborating with leading US casualty and property insurers over two-years.
Touching Queen Elizabeth happens to be considered as one of the utmost taboos concerning the British monarch, an unwritten rule about how people should behave when close to the royal family.
On Monday, Billionaire Warren Buffet said that bitcoin buyers flourish on the hope that they will find other people ready to pay even more for it.
European stocks closed higher on the first day of the week, driven by big gains and strong earning updates in Nestle, after a company agreed to tie-up with Starbucks.
US naval strike force began sorties against Islamic State headed by aircraft carrier Harry S. Truman, continuing missions by US-led coalition versus the militants.
On Monday, Czech prime minister and ANO chairman Andrej Babis said, that its party awaits for the last agreement on a new coalition with Social Democrats by Friday.
US President Donald Trump defended CIA nominee on Monday, after US media found out that she had tried to withdraw from this nomination concerning her involvement in the interrogation program.