Volvo Cars posted higher full-year revenue, though the company stated that its profit margins slipped and were anticipated to remain under pressure in 2019.
Spotify reported the company's first ever operating profit in the quarter, supported by strong gross margin and weaker-than-expected headcount growth, though it anticipated a loss this year.
On Wednesday, Germany and France announced a $74M contract, which the countries had financed equally within two years, in its first deal for the future joint programme to construct the next-generation combat plane system.
The London court has granted an approval on Wednesday to the Swiss largest bank UBS for moving up to $36.44B of assets to Germany from Britain, in a move to keep its business in the EU after Brexit.
Sweden's EQT is eager to launch an initial public offering in Stockholm in its Q2, seeking to attract around $1.0B, sources familiar with the matter said on Wednesday.
The funds owned by Elliott Management, the activist investor, agreed to take part in capitalisation worth $75M of the bankrupt carrier Avianca Brasil, Reuters reported on Wednesday.
On Wednesday, the President of the EU Council Donald Tusk announced that the EU will not make a new Brexit offer to the United Kingdom. Moreover, the President commented that the promoters of Brexit, who did not create a specific exit plan, deserve a place in hell.
The President of the European Commission Jean-Claude Juncker announced on Wednesday that there will be no Brexit deal renegotiations.
As the Siemens and Alstom plan to create a new European rail giant was stopped by EU antitrust laws, Germany and France both called for a change of the laws.
A German government source revealed to Reuters on Wednesday that the German government will seek to change EU competition laws in the second half of 2020. This would allow the creation of the recently discussed Siemens and Alstom European rail plan.
Nutrien, Canada's farm and fertiliser supply dealer, announced it would take over the privately-owned maker of plant and soil health products, Actagro LLC, in a deal worth $340M.
Uniper, Germany's energy group, is set to launch fresh talks with its major shareholder Fortum over the future cooperation between the companies, seeking to break the impasse, which caused frustration for the firm.
The Swiss group Sunrise Communications stated it had entered talks about a potential takeover of the Swiss unit UPC Schweiz owned by the broadband provider Liberty Global.
On Wednesday, the EU largest copper smelter Aurubis, announced it would seek for new buyer for the company's flat rolled products unit or explore other options for its business.
The British opposition Labour party stated it would halt privatisation of the state-rescued RBS, in case it came to power, but abstain in the daily meddling.
Apollo Global has inked a memorandum of understanding with the pension scheme of Britain's RPC Group, after the asset manager had agreed to acquire the packaging products maker last month.
Japan's SoftBank has unveiled a $5.5B worth share buyback this Wednesday, after reporting a 60% rise in its Q4 operating profit boosted by increasing valuations for the group's technology investments.
On Wednesday, the Canada cannabis producer Aphira has rejected a hostile takeover bid from Green Growth, the US cannabis retailer, saying its offer undervalued the company.
TomTom is expecting a significant rise in its software or enterprise sales this year, after reporting strong results for the holiday quarter, and forecasting 15% of combined revenue growth from digital mapping services sales in 2019.
Cevian Capital, the activist investor, established a stake in the Irish building products and heavy materials group CRH, becoming its second-largest owner, Christer Gardell, the firm's managing partner stated on Wednesday.
By the middle of Wednesday's London trading session crude oil prices had declined by almost one percent. The move was attributed to the weekly crude oil inventories.
On Wednesday, European Union officials announced that the Siemens and Alstom initiative to create a common European railway company. The deal was blocked by EU antitrust regulators.
Margrethe Vestager, the European Competition Commissioner, has started a news conference at 1045 GMT on Wednesday, which is taking place in Brussels, regarding two merger deal cases, with more information is expected to be provided in the nearest time.
Credit Suisse stated on Wednesday it was expecting the tax rate for 2018 to appear higher than previously forecast, adding it was likely to be hit by the US tax provisions, which were aimed at preventing firms from shifting their profits abroad.