Uber Technologies, the global ride-hailing company, has confirmed on Tuesday it would acquire its Middle East competitor Cereem to dominate the ride-hailing service in the region, right ahead of its initial public offering.
European anti-trust regulators launched an inquiry into the US aluminium company Novelis' plans to acquire the processor Aleris Corps in a deal valued at $2.6B, as the American firm seeks to supply the aerospace industry.
San Francisco's federal judge has dismissed the lawsuit brought against Tesla by its shareholders that alleged the electric carmaker had misled them about the Model 3 production status.
China's video-streaming firm iQIYI is planning to raise $1.05B in its convertible bonds in a sale that the company announced on Tuesday, not providing any further details on the deal.
McDonald's Corp announced late on Monday it would acquire the Israeli firm Dynamic Yield, which focuses on technology that helps personalise customer interactions, as the fast-food chain seeks to bolster its online marketing.
During the Asian session on Tuesday Chinese stock benchmarks surged, as the Chinese government announced that it will make it easier for foreigners to invest in the country.
During the early hours of Tuesday's trading the prices of crude oil surged. The surge was a continuation of the previous gains caused by OPEC and events in Venezuela.
During the early hours of Tuesday's trading session the US Dollar gained value, as US Treasury bond yields rebounded after a 15 month low. The event caused an increase of demand for the USD, as the market bought the bonds.
On Tuesday, the developer of the economic program named Abenomics announced that Japan could raise sales tax in October. The event could boost the local demand for the Yen, which in turn would increase the value of the currency.
Samsung Electronics stated that the company's first-quarter profit is likely to miss market expectations amid declines in chip prices and weaker demand for display panels.
The Chinese video-streaming service company iQIYI was looking to raise $1.05B in convertible bonds, the most recent example of the instrument's growing popularity among newly listed China's tech companies.
The NABE Outlook Survey revealed that the US economic growth measured by GDP is expected to slow to 2.4% this year and fall further to 2.0%in 2020.
India's airline Jet Airways got a $217.6M interim funding from State Bank of India after the founder Naresh Goyal stepped down from the board.
The Chinese leading property developer China Vanke recorded a 20/4% higher net profit in 2018, despite a decrease in the real estate market, the company stated.
Germany's business climate index, based on the companies' monthly surveys, edged from 98.5 to 99.6 in the month of February, though still the lowest level since late 2014.
Viacom renewed the carriage contract with AT&T, avoiding a MTV, Nickelodeon and Comedy Central blackout for the pay TV service's DirecTV users, the companies stated.
The Crown Prince of Abu Dhabi approved $1.52B for research and development over food security and water scarcity in the following five years.
The EU aircraft maker Airbus is nearing to clinch a deal with China worth billions of dollars after a one-year-long delay in the negotiations, some industry sources reported on Monday.
The electronic trading platform Tradeweb Markets stated on Monday it was planning to attract up to $709M in its initial public offering, seeking to offer 27.3M of its shares at the price of up to $26 per share.
Naresh Goyal, the Jet Airways Chairman, is set to resign from the board, reducing his stake in India's carrier, the firm announced on Monday on the back of its preparations for a rescue deal conducted by the state-run banks.
On Monday, CME Group announced it was exploring strategic options for the company, including its potential sale, sending the broadcaster's shares up 8% on the news.
The beauty products company Avon and Brazil's cosmetics producer Natura Cosmeticos confirmed they had entered deal talks, not providing any further details, after media reported Avon would put its firm together after splitting it up three years ago.
On Monday, TransAlta Corp stated that Brookfield Asset Management was set to make a C$750M investment in the Canadian power firm to help it become clean energy producer within the next five-six years.
On Monday, Qatar Airways has expressed its support towards Boeing as the US planemaker is facing its largest crisis over two fatal crashes involving its 737 MAX aircraft.