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.
The EU antitrust regulators have stopped the review process of the planned acquisition of the Innogy's retail and network assets by E.ON, after the German energy firm failed at meeting a deadline that required submitting detailed data sets.
Nexi has priced its initial public offering shares on Tuesday at between €8.50-€10.35 each that values Italy's payments firm at about €6.4B, one of the EU largest listings this year.
On Tuesday, Germany's pharmaceuticals group Merck KGaA stated it had to take its takeover bid for Versum Materials worth $5.9B directly to the US chemical firm's shareholders amid Versum's unwillingness to engage in negotiations.
Wirecard's shares soared as much as 30% on Tuesday after the law firm had cleared the company's head office alleging false accounting and fraud.
On Tuesday, the EU lawmakers conducted a vote against one-hour clock shifts during the spring and autumn periods starting from 2021, after two years the proposal was made.
China's Huawei is seeing little impact on its sales from the US campaign against the company, saying the other countries are unlikely to follow America in banning the Chinese tech giant from establishing the 5G networks.
On Tuesday, Japan's SESC market regulator announced it would seek a $1.2M fine against Citigroup's British unit, alleging manipulations of the JGB future prices.
Citigroup announced on Tuesday it is seeking to boost its client base of the Asian wealth management by 10% this year, as the company picks more advisers and bolster digital offerings.
On Tuesday, Spotify Technology announced it would acquire Parcast, its third podcast firm it is buying during the last two months, as the company seeks to become the Netflix of audio.
Members of the UK Parliament on Tuesday urged the Prime Minister to listen to alternative Brexit plans. This and other recent announcements continue to keep the GBP highly volatile.
On Tuesday, Huawei officials announced that the company's sales are not getting hurt by the ban in the US. Moreover, the company does not expect bans of their products in other countries.
Lego's former President and CEO Kjeld Kirk Kristiansen is set to step down from the board during the general meeting planned to be held in April, the owner of Danish toymaker announced on Tuesday.
On Tuesday, shares in Airbus soared 1.9% after the EU planemaker announced about a $30B sale of its 300 jets to China.
Global payments titan Mastercard is planning to make an investment worth $300M in the planned London listing of the payments processor firm Network International.
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.