TikTok-owner ByteDance was in early negotiations about a new funding round, which will value the company at $180B after the investment, sources said.
General Motors is set to invest C$1B in its operations in Canada to extend production of full-size pickup trucks to meet growing demand.
China's Alibaba Group topped its estimates for the Q3 revenue after its core e-commerce business kept growing following the emergence of China from the COVID-19 lockdown.
Japan's Nintendo is expecting to sell 24M of the company's Switch games consoles by March 2021, raising its forecast from 19M due to higher gaming demand during the COVID-19 pandemic.
Airbnb, the US home rental firm, is planning to register an initial public offering next week, preparing for its stock market debut scheduled for the next month, despite the COVID-19 pandemic tension.
On Thursday, Volkswagen's CEO Herbert Diess stated that the Democrat Joe Biden's victory in the US election would better suit VW's strategy to mass-produce EVs across the globe.
Prior to the US trading opening, US stock indices were set to surge, as the revealed gridlock in the US politics signalled that no new regulation could be set up upon large companies.
Sweden's Volvo Trucks is set to sell a full range of its heavy-duty, electric trucks in Europe already next year, according to the company's statement made on Thursday.
The world's biggest steelmaker ArcelorMittal reported on Thursday its Q3 core profit above estimates as easing of the coronavirus lockdowns improved demand.
On Thursday, oil plunged more than 1% on US election uncertainty, as the Democrat Joe Biden nears the White House, while the Republicans are likely to retain control over Senate.
The European Central Bank is poised to add next month new measures to support the European economy, the Bank's policymaker Pablo Hernandez de Cos stated.
Italy's Intesa Sanpaolo announced that it already met 2020 goal, as the profit totalled €3.1B, even before taking into account acquisition of UBI.
The UK supermarket group Sainsbury is expected to announce plans to slash 3K positions, alongside its H1 results on Thursday, The Times reported.
T-Mobile US is expected to pay a $200M fine to resolve the FCC investigation into the company's Sprint unit, as it failed to comply with rules under a subsidy program.
Exports from India declined 5.4% to $24.82B in October amid the coronavirus pandemic, data published by the Ministry of Commerce and Industry show.
Sales of imported cars in South Korea increased by 9.8% in October, compared to the same period in 2019, the Korea Automobile Importers & Distributors Association reports.
The South Korean memory semiconductor supplier SK hynix announced a 18.9% increase in revenue to $7.2B and a net income of $950M in the third quarter of 2020.
The unemployment rate in New Zealand reached a record high of 5.3% in September, data published by the statistics department Stats NZ show.
Net profit of BMW increased by 17.4% to €1.82B in the third quarter of 2020, compared to the same period the prior year, the German car producer reports.
On Wednesday, the US elections were plagued by misinformation spread online about the results after the President Donald Trump's false claims about his victory, while millions of votes were still uncounted.
Walmart and Comcast are negotiating the development and distribution of smart TVs, according to the Wall Street Journal's report.
Britain's largest domestic bank Lloyds announced it was cutting 1070 job positions, stepping up redundancies despite its profit rebound in the Q3.
Shares of Lyft and Uber Technologies rose 16% and 12% respectively on Wednesday after Wall Street cheered the companies' projected victory in the battle to set the gig economy's terms.
Subaru increased its operating profit outlook on Wednesday by over a third to $1.05B, as car sales in the US rebounded more than expected after the pandemic hit demand.