On Wednesday, the US Treasury Secretary Steven Mnuchin said that he is hopeful for productive trade negotiations in Chine this week.
The Venezuelan oil exports have shifted focus toward India since the new US sanctions started on January 28, as Venezuela's PDVSA seeks to replace deliveries to Europe and the United States.
Crude oil prices edged higher by 1% on Wednesday, as OPEC said it had reduced supply in January and US sanctions against Venezuela.
On Wednesday, Asian shares reached a four-month high. The surge was attributed to the US-China trade negotiations.
On Tuesday, Italy's Prime Minister Giuseppe Conte called for a fairer European Union with well-known demands of economic growth.
On Tuesday, the former Slovakian Prime Minister Robert Fico gave up plans to lead Slovakia's Constitutional Court.
The UK Foreign Secretary Jeremy Hunt on Tuesday condemned the attack on BBC cameraman Ron Skeans at the US President Donald Trump campaign rally in Texas.
According to government sources, the Spanish Prime Minister Pedro Sanchez would call for a snap election after Wednesday' key budget vote.
Jody Wilson-Raybould, the Canadian Veterans Affairs Minister, resigned from her position on Tuesday, amid allegations in a corporate corruption case.
On Tuesday, US shares extended its gains, as investors were hopeful of a deal during the ongoing trade talks between the United States and China.
India's consumer prices grew at a weaker pace than expected in January and remained below the target for a sixth month in succession, strengthening views over the key interest rate cut in April.
The US job openings jumped to a record high in December, supported by vacancies in the accommodation, food services and construction sectors, which is likely to bolster views about a lack of workers in the economy.
The US small businesses' optimism dropped to the lowest level since the election of Donald Trump more than two years ago due to growing uncertainty concerning the economic outlook.
Under Armour announced quarterly profit above analysts' estimates on Tuesday, as the sportswear maker stood at a tight lid over costs and sold more pairs of shoes at their full price during the season of holiday shopping.
The buyout firm EQT is planning a sale of its 20%-25% stake in the pet care company Independent Vetcare Group to some institutional investors in a potential deal that could value the group at $1.7B.
Southeast Asia's fashion start-up Zilingo stated it had raised $226M from its bakers, such as Singapore's Temasek Holdings and Sequoia Capital, in its latest round of funding.
Amcor, the Australian packaging firm, secured a conditional EU approval to acquire Bemis for $5.25B after it had agreed to sell its European medical packaging business.
Mitsubishi Hitachi Power Systems, Brazil's PE group Pátria Investimentos and Royal Dutch Shell announced on Tuesday they were set to make a $700M investment to establish and operate the gas-fired power factory in Rio de Janeiro.
Germany's wholesaler Metro stated it was seeing non-binding offers for its struggling Real hypermarkets chain to be made in the near future.
Samsung Heavy Industries has scrapped an offer to acquire the rival shipbuilder DSME, the senior shareholder of the company announced on Tuesday.
On Tuesday, the Japanese group KDDI Corp stated it was set to acquire a minority stake worth about $800M in Kabu.com Securities, as the telecom firm seeks expansion in finance.
Sachem Head Capital, the activist hedge fund, is pushing Zayo Group Holdings, the US communications infrastructure provider, to explore its sale, according to sources.
The US battery producer Duracell International and Energizer Holdings are considering to bid for a majority stake of Eveready Industries, likely sparking competition between the two companies, the Economic Times said on Tuesday.
By the middle of Tuesday's trading session crude oil prices had surged more than one percent. The surge was attributed to previous OPEC oil cuts and sanctions against Venezuela.