Volkswagen is set invest $577M in one of the company's Brazil factories, the state governor of Sao Paulo Joao Doria stated on Thursday during his visit to the headquarters in Germany.
EU antitrust regulators are expected to clear Novelis' $2.6B Aleris' takeover after the US aluminium producer promised a far-ranging concessions' set, sources familiar with the matter stated.
The US auto sales were expected to increase 5% in August from the same month a year ago, supported by high volumes amid higher manufacturer incentives and increased average sales prices, LMC Automotive. and J.D. Power stated.
Germany's inflation weakened with consumer prices rising 1.0% year-over-year in August, after 1.1% increase in the prior month, while unemployment grew, adding to signs that the economic growth slowed and strengthening expectations of the new ECB stimulus next month.
The Index representing contracts on pending home sales in the US dropped unexpectedly 2.5% in July, according to the report by the NAR that suggested that households likely to be holding back amid heightened concerns about the economy.
On Thursday, Best Buy Co stated it was expecting its annual same-store sales outlook below analysts' forecasts amid the US tariffs imposed on China imports, such as video game consoles, smartphones and other electronics.
Sony Corp is planning to sell back its 5% stake to the Japanese medical and imaging equipment maker, Olympus Corp, for $762.88M, following Third Point LLC's call for such a move.
Tencent Holdings has scrapped its plans for a $150M investment in the Chinese education company VIPKid amid Beijing's intention to tighten the online education platforms' oversight.
Goldman Sachs-backed CityFibre, the UK broadband operator, has launched a bid for the rival TalkTalk's network firm FibreNation, according to a Sky News report.
On Thursday, Apple announced that the company will stop gathering Siri audio requests that are made by clients.
Folksam's Chief Executive Jens Henriksson has been appointed as a new CEO to Swedbank, in the lender's efforts to rebuild confidence following the recent money-laundering scandal.
France's Q2 economy grew 0.3%, a little faster than initially thought, amid strong investments in business that helped offset the soft consumer spending, according to Reuters.
The Italian President Sergio Mattarella is expected to give a green light to a new government formation on Thursday at the meeting with the Prime Minister Giuseppe Conte scheduled for 0730 GMT.
On Wednesday, Hudson's Bay announced it was planning a sale of its department store business, Lord + Taylor, to the fashion rental service firm Le Tote in a deal worth around $100M, amid the retail operator's intention to cut the portfolio to a couple of key brands.
PVH Corp, the owner of Calvin Klein, cut the full-year revenue and profit forecast, as the the company saw pressure from the increasing trade tensions between the US and China and the lingering protests in Hong Kong.
Box, the platform provider for cloud content management, reported stronger-than-expected quarterly revenue of $172.55M, up 16.4%, though shares declined in extended trading on investors' disappointment by the firm's reiteration of the full-year earnings outlook.
Forever 21, the fashion retailer, was preparing for potential filing on its bankruptcy, after being in talks for extra financing and debt restructuring, sources with knowledge of the plans stated.
The Argentine Peso edged lower by 2.85% against the US Dollar on Wednesday, as the country's central bank sold $262m of its reserves.
On Wednesday, the leader of Italy's centre-left Democratic Party Nicola Zingaretti told Italy's President Sergio Mattarella that his party has agreed to form a coalition government with the 5-Star Movement.
On Wednesday, European shares edged lower, as global growth worries kept investors and traders from taking bold risks. The Pan-European STOXX 600 index ended 0.2% lower.
Cosmetics producer Coty increased its forecast for annual revenue, as the company embarked over a multi-year plan, which involves higher investment in advertising and cost cuts of nearly $3B, sending its shares up 5%.
Hudson's Bay announced that it would sell the company's Lord + Taylor department store operations to retail service company Le Tote for about $100M, as the retail operator culled the portfolio to a few key brands.
Irish retail sales revealed their sharpest yearly decline since 2012, falling 4.4% in July, due to weak car sales, the Central Statistics Office stated.
Amazon.com has entered talks with the Indonesian ride-hailing startup Go-Jek over its stake acquisition, Reuters reported on Wednesday, following Amazon's purchase of a stake in the British online food delivery firm Deliveroo earlier this year.