Qualcomm revealed its new chip for extending artificial intelligence work in a bid to diversify beyond the company's stronghold in mobile phone chips and into the market dominated by Intel and Nvidia.
On Tuesday, American Airlines Group has cut its Q1 revenue estimates after cancelling over 2K flights amid the Boeing 737 MAX planes' global grounding; however, the total cost of halted operations is not known yet.
Deutsche Boerse is set to acquire Axioma, the risk management software firm, in a deal valued at $850M, as the SE operator is planning to combine the company with its index business to establish a new analytics business.
Bruno Le Maire, France's Finance Minister, stated he was exploring all potential options for the St Gobain Pont-A-Mousson factory, including deals with a US fund or a Chinese partner.
The Qatari sovereign wealth fund's plan to invest in the German lender Deutsche Bank stalled, as Qatar's officials have not yet provided necessary documentation that could derail the potential investment.
Italy's Newlat expressed its interest in purchasing Plasmon, the infant food brand held by the US giant Kraft Heinz, Newlat's adviser stated on Tuesday, adding the company seeks to expand its food brands portfolio.
Sports Direct, owned by the billionaire Mike Ashley, stated it had dropped its plan to acquire Debenhams, as lenders took full control of the British retailer on Tuesday.
The biggest European digital asset exchange Bitstamp has received a license from the Department of Financial Services in New York.
On Tuesday, the US chipmaker Qualcomm lost in court against the EU regulators. The company will have to provide EU authorities with data.
On Tuesday, Saudi Aramco announced that it will raise $12 billion with a thirty year bond. Saudi Aramco offers 55 basis points above US Treasuries.
The Saudi Arabian state oil company Saudi Aramco announced on Tuesday that its bond issue had received offers totalling $100 billion. This is the largest demand for a bond in history.
The Premier of China Li Keqiang announced that he promises the EU that its companies will no longer have to share sensitive know-how to operate in China.
On Tuesday, Reuters announced that Ford will form a joint venture in India with Mahindra and Mahindra. The deal will end Ford's independent business in India.
Italy's troubled fashion house Roberto Cavalli has received creditor protection from a Milan court, gaining 120 extra days to release its turnaround plan, Reuters reported.
China's Caixin Media Company is planning to raise about $200M in its latest round of funding, seeking to finance the firm's growth, people close to the matter stated on Tuesday.
On Tuesday, Telenor's CEO Sigve Brekke has held a meeting with DNA's Chief Executive, Chief Financial Officer and Chairman in Helsinki, after its bidding for the company's 54% stake.
Creditors in Debenhams has taken control over the British department store chain on Tuesday, wiping out its shareholders, including the billionaire Mike Ashley after he failed to acquire the company.
Principal Financial Group, the financial services provider, is set to take over Wells Fargo's institutional retirement business in a deal valued at $1.2B, Principal stated on Tuesday.
The ride-hailing service Grab is seeking to attract another $2.0B within this year to accelerate its expansion, a few weeks after announcing over $4.5B of funding, the firm's CEO Anthony Tan stated on Tuesday.
Wynn Resorts, the second casino operator in the world, has made an A$10B takeover approach for the Australian company Crown Resorts, as it seeks to expand outside Asia.
The buyout group Apollo is seeking the French bottle maker Verallia to launch an initial public offering during this year, in a listing that could value Verallia at over $4.5B.
In an effort to retaliate for Airbus subsidies, the US government has proposed to tariff a list of EU goods.
On Tuesday, the China's Ministry of Commerce announced that it will review the country's anti-dumping tariff policy on US imports. The approval of new rules could cause a surge in global stock prices.
UAE's payments and forex firm Finablr is exploring a potential London flotation that could attract no less than $200M, as the company seeks to cut its debt and finance its expansion.