Nebras Power, the Qatari energy investment firm, is exploring a potential stake sale worth $1.0B in the Indonesian biggest independent power producers Paiton Energy, according to a Bloomberg report seen on Wednesday.
On Wednesday, Steinhoff, troubled South Africa's retailer, announced it has attracted $332M from the 26% stake sale in KAP Industrial to pay off its debt and boost its finances, sending the company's shares up over 6%.
Mercuria Energy Group, the global energy trader, is set to acquire Aegean Marine Petroleum within a week, which had filed for bankruptcy last year, after the US Bankruptcy Court approved the deal.
The British sportswear company Sports Direct has proposed a potential offer for Debenhams on Wednesday, valuing the department store at £61.4M with five pence per share in cash.
On Wednesday, Cathay Pacific Airways announced it would acquire HK Express Airways from the struggling China conglomerate HNA Group in a deal worth $628M, paving the way to expansion in the fast-growing travel market.
Beijing Kunlun Tech, the Chinese gaming company, is planning to sell its gay dating app Grindr, after the US national security panel expressed concerns over its ownership, claiming Kunlun's ownership constitutes national security risk.
France's Renault is planning to resume merger talks with the Japanese carmaker Nissan Motor within a year, after which it seeks to set sight on acquiring Fiat Chrysler Automobiles, according to a Financial Times report.
Asian shares declined on Wednesday, as investors and traders worried about the US economy and the sharp shift in US bond markets.
On Wednesday, the President of China's Development Bank Zheng Zhijie said that the bank would provide $190 billion for Belt and Road infrastructure projects.
On Wednesday, the US Dollar index against a basket of six major currencies edged higher, adding to yesterday's trading session gains.
On Wednesday, crude oil prices extended yesterday's trading session gains. However, concerns about the global economic slowdown in future demand kept the surge in check.
Alphabet's Google planned to announce a memorandum of understanding with Cuba's telecoms monopoly ETECSA to find ways of enhancing connectivity on the island, a source familiar with matter stated.
Australia's Lynas Corp stated that it would not engage with Wesfarmers over its $1.1B takeover approach for the only proven rare earth elements producer outside China.
Daimler AG was nearing the deal of sale of a 50% stake in the small-car brand Smart to China's Geely Automobile Holdings, the Financial Times stated, citing sources familiar with the matter.
Profits at China's industrial companies suffered the worst decline since 2011 in the first two-month period of this year, as increasing strains over the economy facing slowing demand took a toll on businesses.
Alphabet's Google stated that it launched a global council to consider ethical issues over artificial intelligence and other emerging technologies.
The US auto sales are expected to fall about 2.1% in March from a year earlier amid mixed economic data, lower tax refunds and bad weather, according to industry consultants LMC Automotive and J.D. Power.
Volkswagen AG had no plans to produce hybrid or electric cars in Brazil in the following few years, though it is set to start importing them in 2019, a source familiar with the matter stated.
The US homebuilding declined more than anticipated in February, with single-family homes' construction falling to almost two-year low, suggesting higher evidence of a weakening economic activity.
Toyota Motor announced expectations for its sales in the Caribbean and South America to rise 0.9% this year compared with the prior year, the Vice President of Toyota's Brazil operation stated.
The French economy expanded slightly more than anticipated 1.6% in the year of 2018, exceeding the forecast of 1.5% growth, the INSEE statistics agency stated.
Ferrovial, the Spanish construction company, has entered talks with the US metals group Ferroglobe, as it seeks to acquire its hydro-electric power assets.
On Tuesday, China's Huawei has launched its new flagship smartphone in Paris, hoping for the further gains from the European sales on the back of possible scrutiny over security concerns.
A joint venture planned by Lloyds Banking Group and Schroders, Schroders Personal Wealth, has announced on Tuesday its management team, naming James Rainbow as the intermediary co-head, Nick Allen as CEO and Marcus Brookes as CIO.