Alibaba has entered talks with the Chinese courier group YTO Express's founders over hiking its stake in the company, intending to become its main shareholder, in a move to accelerate consolidation in China's express delivery market.
Japan's Honda Motor has launched its first small fully electric car "Honda e" in Europe earlier this month; a compact model deemed for city driving costs at the price of €33K, the carmaker announced.
On Wednesday, the CEO of TikTok Kevin Mayer has left the US short video app after taking over his role on June 1, and will be replaced by Vanessa Pappas, the US General Manager, on an interim basis.
On Wednesday, Netflix and Roku Inc shares surged over 11% both on upbeat analysts reports, with Citi initiated Roku's coverage with the "buy" rating, as both streaming services benefited as a result of the pandemic.
China's EV maker Xpeng increased the size of its US initial public offering to nearly $1.49B, two sources stated.
The UK e-commerce company The Hut Group is set to launch an IPO this week in a transaction that would value the firm at up to £4.5B, two sources stated.
WarnerMedia and Xandr are set to allow political advertisers to purchase digital advertisements on its media platforms for the first time, as the US presidential election nears.
Xiaomi Corp's revenue grew 3.1%, while sales increased to $7.77B in the quarter ending June 30, beating analysts' expectations, amid high premium phone sales.
Export expectations in the German manufacturing sector declined in August, a statement published by the Ifo Institute for Economic Research shows.
The inflation rate in Lebanon reached 112.39% in July, compared to the same period the previous year, data published by the National News Agency show.
The Australian health supplements producer Blackmores plans to cut around 10% of its workforce after a 66% slump in revenue, a statement published by the company shows.
South Korean exports declined for the fourth consecutive month in August amid the coronavirus pandemic, a report published by the Bank of Korea shows.
The South Korean business sentiment improved for the fourth consecutive month in August, data published by the Bank of Korea show.
Net income of S.F. Holding, a Chinese express delivery giant, increased by 21% in the first six months in 2020, compared to the same period the previous year, data published by the company show.
On Wednesday, Nasdaq opened higher, gaining 50.15 points or 0.44%, on the upbeat HP Enterprise and Salesforce results, while the S&P 500 reported more sluggish update after closing at its record-high level for the three straight sessions.
HSBC has tied up with Pollination Group, the climate change advisory company, seeking to build the asset management venture aimed at "natural capital", focusing on a valuation of resources such as air, soil and water.
China is expected to import as much as $300B worth of semiconductor chips for the third straight year if everything goes according to the plan this year, Reuters reported.
Brazil's state-run oil company Petrobras has paid back $2.1B in revolving credit lines, Reuters reported citing firm's statement.
Xpeng, China's electric vehicle maker, could potentially attract up to $1.275B from its US IPO after raising its shares price to $15, according to Reuters.
Facebook announced its plans to roll out the news service in Germany, France, the UK, Brazil and India in a few months, after the social media giant launched the feature in the US in 2019.
During Wednesday's European trading hours, stock indices surged, as Germany and France considered additional economic stimulus.
On Wednesday, Australia's Zip stated it had teamed up with eBay over flexible credit offers to SMBs on the eBay e-commerce platform, sending the company's shares to their record high of nearly 10%.
Nordstrom posted a larger-than-anticipated quarterly loss, as the coronavirus pandemic closed its stores for several months, sending the company's shares 5% on the report.
The Conference Board announced on Tuesday that the US consumer confidence index declined to a reading of 84.8 in August.