Stock indices surged upwards during the Asian session on Tuesday. Some attributed the surge to events in the EU. Although, it was seen by technical analysts as an ordinary recovery after prior week's losses.
The Prime Minister of Malaysia announced on Tuesday that the government of Malaysia is about to evaluate the future of Malaysia Airlines. The company has been unprofitable and might get shut down, sold or refinanced.
On Tuesday, the Chief Executive Officer of the Taiwanese company Foxconn announced that his company is not going to suffer any losses due to being sued by Microsoft. Foxconn was sued for allegedly not paying patent royalties.
Preliminary data revealed that the foreign direct investments' inflow to Georgia in 2018 amounted to $1.23B, down 34.9% year-over-year, the National Statistics Office stated.
Egypt's non-oil exports amounted to $2.04B by the end of January, a statement by the country's GOEIC stated, adding that non-oil manufacturing exports reached $1.61B during the same month.
The International Air Transport Association nearly halved the annual forecast for growth in traffic in the air cargo market to 2%, citing Brexit, trade frictions and anti-globalisation rhetoric.
A future budget for the Euro zone should support investment and structural reforms in EZ countries with loans and grants, the chairman of finance ministers Mario Centeno stated.
The hedge fund company City Financial agreed to make a transfer of two funds worth $332M in assets to the fund manager Garraway Capital Management, after the firm had completed its business restructuring in December, including the New York office shutdown.
Helen of Troy, the consumer appliance and products maker, announced on Monday it had been exploring a potential sale of its struggling personal care business, including Brut perfume and Pert shampoo brands.
Euronext, the pan-EU stock market operator, has prolonged the period for its Oslo Bors offer on Monday, but kept the terms unchanged on the back of escalated battle between Euronext and its rival Nasdaq.
Germany's carmaker Volkswagen still seeks to redo an initial public offering of Traton trucks unit, but it will not come at any price, VW Group's CFO Frank Witter said to the Handelsblatt business newspaper on Monday.
On Monday, Qatar Petroleum said it had signed an agreement with the Italian firm ENI to take a 25.5% stake in the Angoche basin's block A5A located in Mozambique.
ABBC Foundation was ordered to halt using trademarks, which included the name "Alibaba", after the e-commerce giant Alibaba Group had filed a lawsuit against the company, which used an "Alibabacoin" name for its cryptocurrency.
Versum Materials and Entegris stated they are seeing extra benefits from the all-share merger deal planned, while the rival bidder Merck said it had hired Goldman Sachs to assist on its counter-proposal.
On Monday, the Chinese dockless bike-sharing firm Mobike said it would withdraw from a few countries of Asia to re-evaluate its divisions in the overseas markets, following its top rival Ofo's bankruptcy and the market's wide-scale contraction.
The private equity group Apex is considering potential bidders for its IT services unit, Engineering Ingegneria Informatica, estimating an acquisition deal that could possibly value the Italian firm at over $1.68B.
Mastercard stated its proposal to acquire the British payment company Earthport had expired, potentially clearing the way for its competitor Visa to make an offer for the UK firm.
Playtika, the leading mobile games firm, became a partner of Montreal Canadiens owned by National Hockey League, the company announced on Monday, while being also the main sponsor for Spain's Sevilla FC soccer club.
On Monday, the US software company Ebix made an acquisition proposal for the Indian travel services firm Yatra Online in a cash-and-stock deal worth $336M, as it seeks to expand its portfolio in the sector.
The US retail sales increased unexpectedly in the first month of the year, surged by a rise in the building materials purchases and discretionary spending, while the December receipts were much more uncertain than initially thought.
Barrick Gold has signed Nevada joint venture with its biggest competitor Newmont Mining with intention to unite two largest gold producers in the world, after ending its $18B hostile takeover bid for the company.
On Monday, the private equity group TPG Capital stated it would acquire a controlling stake in the US pipeline company Goodnight Midstream in a deal valued at $930M.
On Monday, Edison, Petoro and DEA have come to an agreement to align stakes in the two production licences in the Norwegian Sea, which also includes the development of Dvalin gas.
Brazil's carrier Azul SA has clinched a non-binding deal worth $105M to acquire its rival Avianca Brasil's certain assets, as the airline operates under the bankruptcy court projection.