Alibaba Group Holdings, the Chinese e-commerce giant, is planning to allow small US businesses to sell globally on its platform, Alibaba announced on Tuesday, seeking to expand its footprint in the B2B e-commerce market and outrace such rivals as Amazon.com.
The US Federal Trade Commission is set to announce as soon as this week a $5.0B settlement with the social media giant Facebook of the FTC launched probe into its user data handling.
ADNOC has inked the partnership framework deal with the Chinese Wanhua Chemical Group valued up to $12.0B for cooperation in the downstream sector, the Abu Dhabi company stated on Tuesday.
On Tuesday, Wall Street gained on robust earnings of the blue-chip firms, including United Technologies and Coca-Cola, soothing concerns about the economic growth pace.
China's Neolix inked a preliminary pact with noon, the Middle East e-commerce firm, to trial the self-driving cars in the United Arab Emirates and Saudi Arabia.
On Tuesday, AMS AG, the Austrian sensor specialist, it would re-evaluate the possible transaction with the lighting company Osram Licht, after it had pulled back from its takeover approach.
China's BAIC took over 5% of Daimler's stake, boosting gits alliance with the German automaker, after Zhejiang Geely Holding had emerged as a possible rival.
Germany's Bayer announced it would sell its footcare brand Dr. Scholl's to the US private investment company Yellow Wood Partners in a deal worth $585M, another consumer care products that the German firm put on the block.
Blackstone Group is exploring a stake sale in Cheniere Energy Partners seven years after it had invested around $1.5B in the limited partnership, Bloomberg stated on Monday.
Apple has entered advanced talks to acquire the chipmaker Intel's smartphone-modem chip business in a potential deal valued over $1.0B, if negotiations do not fall apart, according to the Wall Street Journal.
According to sources familiar with the matter, some investors of Australia's BHP Group believe that the company should appoint an external CEO.
The Finance Minister of Japan Taro Aso stated on Tuesday that the mere fact of election victory should be considered as people's support for the government plans to increase taxes.
LG Display stated on Tuesday that it is likely to invest $2.6B in the company's organic light-emitting diode panels production lines in South Korea.
China's Huawei Technologies announced that it was slashing at least 600 positions at the Futurewei Technologies research unit in the US after being included in the trade blacklist by the country's government.
The Bank Negara Malaysia stated on Monday that in the first half of July the central bank's reserves have increased 0.6%, reaching $103.3B.
On Monday, the People's Bank of China (PBOC) dumped $7.27B into the market via acquisition of securities from banks at 2.55% with a promise to sell them again in future.
Last week, crude oil prices fell 6.37%, reaching $55.63 a barrel, amid deterioration of the situation between Iran and its western opponents in the Strait of Hormuz.
Yang Fei, the Foreign Trade Manager of Chinese woodworking company Suzhou Far-East Abrasives, stated on Monday that the company planned to increase cloth and sanding belt to the US market.
Casino, the French supermarket retailer, is set for its subsidiary Vindémia sale in a deal valued at $246M, as the company had been put under pressure to cut its high debts.
Novatek, Russia's natural gas producer, announced on Monday it had finalised the stakes sale it owned in the Arctic LNG-2 project to Japan Arctic LNG's consortium, CNOOC and the Chinese National Petroleum Corporation.
Equifax, the credit reporting company, is set to pay up to $650M to settle the US state and federal inquiries into a massive professional information data breach that took place in 2017, authorities stated on Monday.
The South Korean Hana Bank agreed to acquire a 15% stake in Vietnam's second-largest listed bank BIDV in a deal valued at $850M, its owner Hana Financial Group announced on Monday.
China's ByteDance announced on Monday about its plans to set up a data centre based in India, despite facing concerns over consumer privacy and ban demands on TikTok, its popular video app.
On Monday, Ted Baker's shares surged more than 15% after media reported the company's founder Ray Kelvin could explore the high street retailer's private equity buyout, a few months after his resignation, according to the Sunday Times.