On Wednesday, Hudson's Bay announced it was planning a sale of its department store business, Lord + Taylor, to the fashion rental service firm Le Tote in a deal worth around $100M, amid the retail operator's intention to cut the portfolio to a couple of key brands.
PVH Corp, the owner of Calvin Klein, cut the full-year revenue and profit forecast, as the the company saw pressure from the increasing trade tensions between the US and China and the lingering protests in Hong Kong.
Box, the platform provider for cloud content management, reported stronger-than-expected quarterly revenue of $172.55M, up 16.4%, though shares declined in extended trading on investors' disappointment by the firm's reiteration of the full-year earnings outlook.
Forever 21, the fashion retailer, was preparing for potential filing on its bankruptcy, after being in talks for extra financing and debt restructuring, sources with knowledge of the plans stated.
The Argentine Peso edged lower by 2.85% against the US Dollar on Wednesday, as the country's central bank sold $262m of its reserves.
On Wednesday, the leader of Italy's centre-left Democratic Party Nicola Zingaretti told Italy's President Sergio Mattarella that his party has agreed to form a coalition government with the 5-Star Movement.
On Wednesday, European shares edged lower, as global growth worries kept investors and traders from taking bold risks. The Pan-European STOXX 600 index ended 0.2% lower.
Cosmetics producer Coty increased its forecast for annual revenue, as the company embarked over a multi-year plan, which involves higher investment in advertising and cost cuts of nearly $3B, sending its shares up 5%.
Hudson's Bay announced that it would sell the company's Lord + Taylor department store operations to retail service company Le Tote for about $100M, as the retail operator culled the portfolio to a few key brands.
Irish retail sales revealed their sharpest yearly decline since 2012, falling 4.4% in July, due to weak car sales, the Central Statistics Office stated.
Amazon.com has entered talks with the Indonesian ride-hailing startup Go-Jek over its stake acquisition, Reuters reported on Wednesday, following Amazon's purchase of a stake in the British online food delivery firm Deliveroo earlier this year.
On Wednesday, the ride-hailing company Grab announced it would make an investment worth $500M in Vietnam during the next five years, seeking for a wider services expansion in the country.
Suzuki Motor Corp and Toyota Motor Corp are set to establish a capital alliance, as the Japanese carmakers seek to speed up the technological development, as well as meet the sweeping changes that upend the global vehicle industry.
On Wednesday, the value of the GBP plummeted, as it was revealed that the Prime Minister of the United Kingdom Boris Johnson intends to shut down the Parliament from mid-September to the middle of October.
Philip Morris International has entered talks with Altria Group over a potential merger deal, as the tobacco titans seek to pool their resources in the fast-growing e-cigarette market.
JPMorgan Chase & Co i8s considering a sale of its AARP credit-card portfolio in a potential deal worth about $1.0B, with Alliance Data Systems to be among those parties interested in the portfolio, according to Bloomberg.
Poland's Law and Justice, the ruling nationalist party, has gained the highest support of 41.5%, ahead of the parliamentary elections planned in October, poll showed on Wednesday.
Crude oil prices edged higher on Wednesday, as data showed a bigger-than-expected decline in the US stockpiles. Brent crude futures were up $59.88 per barrel by 02:42 GMT.
Anthony Levandowski, an engineer in self-driving car technology, was criminally charged on Tuesday by the US prosecutors for alleging stealing trade secrets from his former employer Google.
UK's opposition parties have agreed to pass a law to force the government to delay the United Kingdom departing the European Union without a deal on October 31.
Talks between the Italian centre-left Democratic Party and the 5-Star Movement appeared to be back on track on Tuesday, as the US President Donald Trump hoped that Giuseppe Conte would remain as PM.
The German Federal Statistics Office reported a preliminary GDP contraction of 0.1% quarter-over-quarter from April to June due to weaker exports, following a 0.4% rise in the first three months of 2019.
The UK oil major BP stated that it agreed to sell the company's Alaskan operations for $5.6B to privately held natural gas and oil explorer Hilcorp Alaska within its divestment plans.
The National Bank of Hungary announced its decision to left interest rates unchanged at 0.9%, in line with expectations, due to slowing inflation, worsening economic outlook in the Euro zone and global monetary easing.