Agile Group, the Guangzhou-based property developer, is planning to expand into the new energy vehicles, partnering with We Solutions, the EV technology provider, aiming to develop automobiles and build towns intended for NEVs.
Metro has entered exclusive talks on its Real hypermarkets' sale to a Redos-led consortium, Germany's retailer announced on Wednesday, saying it was taking an impairment charge worth $431M on the struggling chain.
Edgewell Personal Care is set to make a bid to acquire the US shaving start-up Harry's in a cash-and-stock deal worth $1.37B, according to a New York Times report seen on Thursday.
On Thursday, UK online grocer Ocado stated it had acquired an 18% minority stake in the robotics start-up Kakakuri, investing $6.2 in the deal.
The Japanese based conglomerate SoftBank Group announced on Thursday that it has beat its annual profit forecast. The stock price of the bank surged due to the announcement.
On Thursday, SoftBank announced that the bank is doing a stock split. Although, the dividend per share is going to remain unchanged. This will effectively double the pay-out that the shareholders will receive.
BlackRock has withdrawn from the Italian bank Carige's proposed rescue bid, lifting prospects for Rome to enter the costly state bailout, adding the lender would evaluate other market solutions to ensure stability and turnaround of Banca Carige.
One of the biggest port operators in the world, DP World, announced on Thursday it would acquire Fraser Surrey Docks, Canada's marine terminal from the Macquarie Group fund in a deal potentially valued under $300M.
The Philippine economy expanded at the weakest pace in four years in the Q1, rising the likelihood the Central Bank will cut the key interest rate on Thursday.
Panasonic and Toyota Motor announced their plan to establish a joint firm to develop "connected" services, which can be used in urban development and homes.
Turnover of Siemens, the German industrial conglomerate, increased 4% to $23.4B in the second quarter of 2019 fiscal year, the company announced.
The UK companies' demand for staff grew at the slowest pace since 2012 in April, a survey revealed, suggesting the labour market strenght might be fading.
China's Producer Price Index rose 0.9% year-over-year in April, compared with 0.4% rise in March, the National Bureau of Statistics stated on Thursday.
The growth rate of Egypt's economy grew to 5.6% over the third quarter of the current fiscal year, compared with 5.4% in the same period of the prior fiscal year, the Minister of Planning stated.
Intel Corp shares declined 2.5% after executives announced expectations for the modest profit growth in the next three years, signalling it would lag large rivals, as the chipmaker caught up in technology.
Britain's property market revealed some signs of recovery last month, as houses put up for sale decline at the fastest rate since 2016, the RICS' survey showed, adding to downbeat signals from the market ahead of Brexit.
Eurostat stated that carbon dioxide emissions from combustion of fossil fuel decreased significantly 2.5% in the European Union in 2018, compared with the prior year.
Bob Swan, the Chief Executive Officer of Intel, stated that the chipmaker would produce and launch 7 nanometre chip products in the year of 2021.
General Motors is set to invest nearly $126M in the company's plant in Oshawa, Canada, to transition the factory from manufacturing vehicles to sub-assembly, stamping and autonomous vehicle testing.
The European Commission raised GDP growth forecast for Hungary to 3.7% for 2019 and 2.8% for 2020, supported by construction investments, official sources revealed on Wednesday.
German industrial production increased 0.5% in March, compared with the prior month, Destatis showed in the preliminary report.
Thomson Reuters reported stronger-than-anticipated quarterly profit, supported by demand for information sold to legal professionals, and reaffirmed the forecast for the rest of 2019 and 2020, with the shares up 1.9% to all-time high.
The US communications infrastructure firm Zayo Group stated that it agreed to be sold to investment companies EQT and Digital Colony Partners for about $8.2B in cash. Zayo shares were up 9% in pre-market trading.
Wendy's Co reported better-than-anticipated quarterly profit and revenue, as increased royalty fees from its franchisees and new premium burgers supported the burger chain, sending shares up 2%.