The Monetary Authority of Hong Kong granted their approval to issue the virtual banking licences to four entities, including Ant Financial and Tencent Holdings, aiming to encourage financial innovation in ex-Britain's colony.
The trading house Mitsubishi and MUFG Bank are set to extend the total of $1.63B in their funding to Chiyoda, sending about 30 managers and executives in a move to assist the plant-engineering company with recovering from its massive losses.
Insys Therapeutics may file for a bankruptcy due to a cash crunch that resulted from its legal costs related to the US Justice Department inquiry into sales practices for firm's powerful opioid medication.
On Friday, HSBC Holdings reported its profit soared due to a major improvement in the group's Asian operations with banking major marking the company is on track to reach its goals.
China's Suzhou is planning to implement new property tightening measures in some city parts to restrict house buyers from selling property during three years, the country's government stated on Saturday.
Banco BTG Pactual, the Brazilian investment bank, is not planning a sale of its Swiss lender EFG International stake, BTG's CFO João Dantas announced on Friday.
The future Britain's Labour government would over double the youth minimum wage for employees under the 18-year age to £10 per hour, the party's leader announced on Saturday.
Thyssenkrupp agreed on the way forward with its about leaders, after the German industrial group announced fresh restructuring deal that could cause a loss of about 6K job positions.
On Saturday, Patrick Shanahan, the US acting Defence Secretary, made the second visit to the US-Mexico border as the Pentagon eyes a development of the long-term plan to back the immigration policies proposed by the President Donald Trump.
Cyril Ramaphosa, the South African President, pledged to push through the country's tough reforms after he had won the African National Congress elections last wee, despite a recent decline in his party's confidence.
Teva Pharmaceuticals and other US drugmakers were accused by the several US states of organising a sweeping scheme to inflate prices on drugs, in some cases by over 1,000%, stifling competition for the generic drugs.
On Saturday, Bayer stated it would not tolerate "unethical behaviour" after France had opened an inquiry into an alleged file assembled by Germany's Monsanto, the seed making unit, to influence lawmakers and journalists on their positions regarding pesticides.
Fresenius entered talks with potential suitors over the blood transfusion business sale, hiring Goldman Sachs as the advisor to explore the possible deal, sources reported on Friday.
LVMH has collaborated with the Barbadian singer Rihanna to launch new fashion label Fenty after the singer's full name, Robyn Rihanna Fenty, in the French group's rare move to establish a brand from scratch, tapping into rising demand for tie-ups with celebrities in the luxury world.
Middle East's Etihad Airways submitted an offer for India's Jet Airways stake, the State Bank of India division, overseeing the stricken airline's sale.
Wirecard is expecting the five-year profit potential of the Japanese Softbank Group's alliance at between $235M-$307M, the German payments firm stated on Friday.
On Friday, Inmarsat's shareholders voted to sell the UK satellite company to the private equity-led consortium in a deal worth $3.4B, after a recommendation from the firm's board on a deal.
Germany's struggling company Thyssenkrupp is set to focus on its most successful business of lift elevators, following the regulatory opposition's rejection of its plans to split its steel division.
Sycamore Partners made an unsolicited bid worth $407.8M for Chico's FAS, the women's apparel retailer, seeking to take the firm private, and sending Chico's shares up 8% to $3.99 on Friday, much above Sycamore's offer of $3.50 for a share.
China's BAIC Group seeks to acquire a 5% stake in Daimler amid its intention to secure the company's investment in Beijing Benz Automotive, the Chinese Mercedes-Benz manufacturing firm, according to Reuters sources.
On Friday, a US House of Congress Democrat lawmaker suggested that US President's advisors are fined each day $25,000 for obstructing congressional investigations of Trump's administration.
On Friday, US investors Michael Terpin gained $75.8 million in a case against a 21 year old Nicholas Truglia, who was proven to be a part of a crypto currency fraud scheme. The case has set a precedent that allows to sue crypto fraud.
On Saturday, Chinese state media announced that there are three main issues that need to be discussed in the US-China trade talks. However, the three announced points were not expressed clearly.
On Friday, a Federal US Judge aggressively questioned the Securities and Exchange Commission on the filling of the civil suit against Volkswagen AG. Namely, the SEC took too long to file the case.