During the Thursday's trading session global stock markets declined. The decline was mostly attributed to the surge of the value of the US Dollar, which decreased the valuation of other assets.
Although on Wednesday the heads of the EU announced that there will be no renegotiations of the already made Brexit deal, Theresa May went to Brussels on Thursday to plead for a change in the deal.
China's Volvo cars reported a drop in the last year's profit margins due to a dispute between the US and China, which caused an increase in the carmaker's costs.
Italy is set to ban the Chinese tech giants, ZTE and Huawei Technologies, from participation in building the 5G networks in the country, the Italian newspaper La Stampa reported on Thursday.
On Thursday, Thomas Cook, the travel group, stated it was eager to sell the company's airline business, seeking to raise cash and fight back to the tough 2018.
On Wednesday, General Motors revealed its incentive plan for the self-driving car unit Cruise CEO, Dan Ammann, which points to the company's potential initial public offering.
Crude oil prices decreased by 19 cents or 0.4% on Thursday morning, reaching $53.82 per barrel, amid report of the Energy Information Administration that recorded growth of the US inventories by 1.3M barrels.
The National Australia Bank stated on Thursday that its Chairman Ken Henry and CEO Andrew Thorburn would leave their posts amid financial misconduct that has been established during an investigation by the Royal Commission.
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.