Italy is planning to launch a €40B fund in March for the companies hit by the coronavirus pandemic to help raise their capital and boost the balance sheets.
The direct aid to SMEs (small and medium sized firms), pledged by the Spanish government, will likely total as much as €7.0B, up from initially proposed €5.0B, Reuters reported.
The Chinese smartphone maker Xiaomi is set to buy back $1.29B worth shares on open market, despite a slump in its stock price, the company said.
The language-learning app Babbel's unit, Lesson Nine, is planning an initial public offering in Frankfurt in a deal that is seen to value the firm at over €1B.
On Thursday, Deutsche Bank nominated Frank Witter, Volkswagen's retiring Chief Financial Officer, to the lender's supervisory board, replacing his predecessor Alexander Schuetz.
On Thursday, the European Central Bank announced that it would increase its money creation schemes to keep borrowing costs in Europe low.
During Thursday's US trading hours, global stock indices reached a two-week high level and surged for a third session in row.
The International Monetary Fund announced on Thursday that central banks should carefully consider any rate hikes during ongoing fiscal stimulus.
On Thursday, Reuters reported that Prada expects the company's revenues to grow by 2.9-3.1 billion euros during 2021.
Baidu, the Chinese search engine firm, is planning to raise $3.03B by selling as many as 95M shares in its listing in Hong Kong.
The South Korean biggest e-commerce company Coupang has raised $4.6B in the US largest share offering in 2021, after selling its stocks in an initial public offering above the target range.
On Thursday, the European Central Bank stated it is ready to speed up money-printing in order to keep the lid on the Euro zone's borrowing costs, marking the ECB is determined to lay the groundwork for a robust economic recovery.
Warburg Pincus-led investor group is planning to make a $700M investment into the Chinese e-commerce company JD.com's infrastructure asset management unit, it stated on Thursday.
Amazon's Italian workers are calling a company-wide 24-hour strike for March 22 following unsuccessful discussions with the US online titan over working conditions.
On Thursday, China's e-commerce company JD.com posted a 31% rise in its Q4 revenue, driven by a steady online demand during the COVID-19 pandemic.
On Thursday, global stock indices extended their recovery, as the US Dollar entered the third day of declining.
Nokia and Samsung have signed a pact to license patents covering Nokia's video standards innovations, the Finnish telecom firm announced on Thursday, not disclosing the financial terms of the deal.
China's smartphone shipments surged as much as 236.6% annually to 21.3M units in February compared to the previous year, the CAICT data showed on Thursday.
The UK engine-maker Rolls-Royce dropped to its worse-than-expected $5.58B loss in 2020, tumbled by the pandemic that had prevented airlines from flying, but forecast cash outflow recovery in 2021.
Tesla raised price of the electric carmaker's Model S Plaid, Model Y Long Range and Model 3 Standard Range Plus, according to Tesla's website.
China's search engine Baidu is expected to launch its Hong Kong secondary listing on Friday to sell nearly 4% of shares, which at the current price will bring at least $3B.
Lufthansa is expected to launch the asset disposal programme in summer with the sale of its €1B Airplus unit, seeking to raise cash to emerge from a government bailout, sources said.
Siemens completed the sale of Flender mechanical and electrical drive systems business to Carlyle Group for €2.025B, the company stated.
Swedish li-ion battery maker Northvolt announced that it bought the US startup Cuberg to access technology, which would boost the range of EVs using its batteries.