Mafengwo, the Chinese travel site, stated it had attracted $250M in its latest round of funding conducted by Tencent Holdings amid the company's intention to expand in the fast-growing online travel market.
On Thursday, Japan's Nippon Life Insurance stated it would boost its stake in the Reliance Capital-owned asset manager to 75 percent.
France's renewables company Voltalia is considering to acquire Helexia, seeking expansion in the energy and solar energy efficiency services, it stated on Thursday.
Brazil's state-owned oil group Petrobras approved a stake sale deal in BR Distribuidora, the company's fuel distribution unit, currently holding 71.25% of the firm's shares.
Japan's Daiichi Sankyo entered talks with a few companies over a sale of its OTC drug unit in a potential deal worth around $900M, according to Nikkei Business report seen on Thursday.
New Zealand's Fonterra Co-operative and Swiss food company Nestle are reviewing strategic options for they Brazilian joint venture, Dairy Partners Americas, including a potential sale.
On Thursday, the French reinsurer SCOR stated it would acquire 100% of the asset manager Coriolis Capital, not disclosing the financial terms of the deal and expecting it to be completed in this year's second half.
Honda Motor's US unit stated that it is recalling 118K new US SUVs on reports of three injuries related to sudden deployments of air bag, occurring without a crash.
IKEA, the world's biggest furniture seller, is likely to open the first store in Mexico in 2020 and plans to launch more stores in the country, the company stated, as it is set to expand in Latin America to counter rising competition in the core European and US markets.
Ride-hailing application Uber is set to spend $40M in the next five years to open the third support centre in Latin American city Bogota in September, creating 600 jobs, the company stated.
Brazil's Natura stated that it reached an agreement to acquire rival Avon Products via its share swap, creating the fourth-largest beauty company focusing on direct sales, with investors cheering consolidation putting shares in both firms 9% higher.
Activity in the Japanese manufacturing sector swung back into contraction this month, as export orders declined at their fastest pace in the four-month period, underlining why investors and policy makers remain anxious over the rising economic impact of the Sino-US trade war.
The UK employers offered their staff pay increases averaging 2.5% within wage settlements in the three-month period to April, industry data revealed, matching the prior trend seen in 2019.
Germany's financial markets watchdog ordered N26 to take some measures against money laundering, including catching up on the backlog of IT monitoring and reidentifying existing customers.
Apple stated its browser engine Webkit is likely to launch a new feature for tracking advertising clicks and clarifying whether they lead to purchase of a product.
IBM and Cera Care announced plan for a pilot to test to clarify whether lidar laser sensors could enable elderly people to remain in their houses for longer - without compromising their privacy.
The German cabinet adopted its plans to provide €40B of financial aid to federal states going through the structural changes necessary to reach its planned phase out of coal in 10 years.
The UK chip designer ARM halted its relations with Huawei in order to comply with the US blockade of the firm, potentially crippling the China's company's ability to produce new chips for future smartphones.
The UK inflation increased at a yearly 2.1% pace less than the Bank of England and investors expected in April, though still hit the highest level in 2019, supported by a growth in energy bills, the ONS stated.
The average property price in the United Kingdom fell slightly 0.2% to $287.3K in March this year, compared with the prior month, the Office for National Statistics said.
Japan reported that its trade surplus tumbled 90.3% year-on-year to $546M in the reported month, due to falling exports amid lingering global trade issues, the country's government stated.
Austria's Raiffeisenbank is seeking to clinch acquisition deals in Croatia as its organic growth alone would not be sufficient to bolster the company's market share, CEO of the bank's Croatia unit stated on Wednesday.
The Italian antitrust regulator has imposed three-year-long restrictions on Sky's Italy unit, banning it from sharing exclusive contents on the company's online service platform of video-streams due to the Mediaset pay-TV deal.
Ford Motor has partnered with the developer of the walking robot, Agility Robotics, aiming to help its automotive delivery vans drop the packages at the homes' doorsteps.