Britain's oil major BP stated announced plans to cut 3% of jobs in production and exploration within a restructuring of the company's upstream business.
The US banks reported profit of $56B in the March quarter, up 27.5% from a year before, as institutions started to take an advantage of lower tax rate, the FDIC report showed.
The UK biggest retailer Tesco stated that it is likely to close Tesco Direct, the company's non-food website, as it was unable to make the loss-making business activity profitable.
On Tuesday, Micron Technology's shares gained 5%, becoming the most traded stock on the Wall Street, following its announcement on buying back up to $10B of its shares.
The venture capital fund of the Renault-Nissan-Mitsubishi alliance agreed to make five investments in the following four months in start-ups that total $50M, the fund's head stated on Tuesday.
On Tuesday, the Bank of Spain stated that it views Catalonia as the main domestic risk to the country's economy amid instability over tensions between Madrid and Barcelona.
Tesla's CEO Elon Musk has admitted there was a malfunction issue with the Model 3 sedan discovered by Consumer Reports, adding the carmaker would fix the problem as soon as possible.
China's PM Li Keqiang stated the government was set to explore new measures to draw foreign investment, planning to revise a foreign investment negative list in the near future.
On Tuesday, a UK watchdog stated that British banks must use innovative technology inn their battle with cyber-crimes amid widespread fraud risks and an increase of cyber-attacks.
On Tuesday, Anbang Insurance Group's Century Securities has been put up for a sale with at least $50M price tag in the first move of the planned asset sales, controlled by the state takeover group.
Riyad al-Maliki, the Palestinian Foreign Minister, demanded the International Criminal Court's prosecutors to launch a full inquiry into the alleged Israeli HR abuses on the territory of Palestine.
The oil giant BP announced on Tuesday that its venture capital fund made a $20M investment into the Israeli fast-charging battery company StoreDot, as part of its push to tap the growth in EV technologies.
On Tuesday, AccorHotels stated it would consider in the following weeks whether to give Huazhu Hotels a board seat, following the Chinese hospitality firm's purchase of 4.5% stake in the company.
Australia's Santos has finalised the talks with Harbour Energy and rejected its final takeover proposal of $10.8B, saying it did not represent the company's full value.
On Tuesday, the Taiwanese firm Yageo stated its subsidiary is set to acquire the US electronic component manufacturing and design company Pulse Electronics in a $740M cash deal.
On Tuesday, Germany's investment house ATON stated it had raised its stake in Murray & Roberts, the South African builder, to nearly 40%.
Emirates NBD has clinched a deal worth $3.19B to acquire Turkey's lender Denizbank from Russia's Sberbank, which would be its largest ever acquisition.
As the Sony and EMI deal announced this morning goes through, Sony was set to become the world's largest music publisher.
The prices for crude oil increased on Tuesday morning, as the price per barrel for Brent oil was nearing the $80 mark.
Sony is set to acquire control of EMI Music Publishing in a deal valued at $2.3B, as the tech firm seeks to bolster entertainment content assets, shifting away from the low-margin consumer electronics.
On Monday, Amazon.com stated it had hired the former NBC executive Vernon Sanders to help the company run its TV productions, appointing him as the co-head of television.
The Governor of Bank of Japan on Tuesday announced that the bank will announce the end of ultra-easy policy when rules for reaching the bank's price goal are made more robust.
The President of the US recently signed a congressional resolution, which overhauls a Consumer Financial Protection Bureau's rule that was aimed at baring discrimination in auto lending.
The New York Stock Exchange has appointed Stacey Cunningham as the president of the Chief Operating Officer.