Wirecard has suspended its accounting manager in Singapore until the end of an inquiry launched on the back of creative accounting and fraud allegations, the company's CEO Markus Braun stated on Tuesday.
Citigroup has accelerated its plans for this year to trim expenses via "simplification" of the organisation and its internal processes improvements, the company's CFO Mark Mason stated at investor conference on Tuesday.
The EU largest biotech company by staff numbers BioNtech hired JPMorgan and Bank of America for its initial public offering worth up to $800M scheduled for this year, according to sources familiar with the matter.
On Tuesday, Taiwan's Foxconn rejected the patent infringement lawsuit brought by Microsoft last week, denying it should pay royalties being a contract manufacturer for the US company's software.
Uber Technologies is set to pay $20M in a settlement after its drivers brought a legal lawsuit about six years ago, resolving a battle with the ride-hailing firm's employees just before the initial public offering scheduled for this year.
Sprint and T-Mobile US Chief Executives head back to the US Capitol Hill again on Tuesday, to defend their potential $26B deal, as both companies are seeking for a merge.
On Tuesday, the German Verdi labour union opposed strongly to a potential merger deal between Commerzbank and Deutsche Bank, claiming that the newly formed group could become an attractive target for any foreign hostile takeover.
Verizon Communications reported on Tuesday it managed to fix the issue, which triggered a widespread outage affecting its text services for some clients at the US East Coast this morning.
On Tuesday, the Japanese space agency and Toyota Motor stated they had agreed on a partnership to develop the manned lunar rover ran by fuel cell technologies.
On Tuesday, Smith & Nephew, the UK medical products maker, announced it would acquire the US regenerative medicine developer, Osiris Therapeutics, in a deal valued at $660M, as it sought to boost the company's profit margins.
E.ON is planning a temporarily supervisory board expansion to tap the estimated integration of its peer Innogy, whose retail and networks activities should pass to E.ON amid the breakup deal.
China's start-up Luckin Coffee chairman has tapped banks, such as Morgan Stanley and Goldman Sachs, for at least $200M loan in exchange for their role in the company's planned initial public offering.
Volkswagen's CFO Frank Witter stated the Traton truck division initial public offering was a good idea, but the current environment at the markets was quite challenging, adding VW would announce about its decision soon.
Volkswagen CEO Herbert Diess stated on Tuesday the German carmaker had no plans for acquiring a minority stake in Waymo, Google's self-driving cars project, adding that discussions with Ford about developing autonomous vehicles continued.
The freight railroads owner Genesee & Wyoming stated it had been exploring options, which include a minority stake sale, according to a Bloomberg report published on Monday.
On Tuesday, Australia's Dexus, the real estate developer, announced it would take the remaining stake of Sydney MLC Centre together with an associated property firm in a deal worth A$800M.
The US software start-up Cloudflare stated on Tuesday it attracted $150M in its latest round of funding, led by the global investment company Franklin Templeton.
On Monday, the Chief Executive Officer of Tesla Elon Musk announced that his tweet on production volume did not violate the fraud settlement, which had been previously reached with the Securities Exchange Commission.
On Tuesday, the US Secretary of State announced that Russia and Cuba are to be blamed for the political crisis in Venezuela. Namely, the two governments are blamed for helping Nicolas Maduro in holding his power.
Spain's Enagas teamed up with Singapore's wealth fund GIC and the US investment group Blackstone and will pay $590M for a 10.93% indirect ownership stake in the American energy firm Tallgrass Energy, as part of their consortium deal.
International Shareholder Services, the proxy advisory firm, recommended some Elliott Management's nominees to be elected as Hyundai Motor Group's directors on the back of its fight with South Korea's conglomerate.
The US chip supplier Nvidia confirmed on Tuesday its $6.8B acquisition of Mellanox Technologies, the Israeli chip designer, outbidding its competitor Intel, in a transaction that would aid the company to boost its artificial intelligence business and data centre.
The US private equity group Arcline Investment Management, set by the former dealmaker of Golden Gate Capital, Rajeev Amara, announced on Tuesday it raised $1.5B, in the biggest debut for the US buyout fund in about a decade.
On Tuesday, Japan's Fujifilm Holdings announced it would purchase Biogen's Danish subsidiary in a deal worth $890M, as it sought to boost its healthcare business.