The European Commission has updated its report on state-led distortions in the Chinese economy, adding new sectors and potentially opening the door to anti-dumping complaints from EU chip and clean-tech producers.
Germany’s Galeria Karstadt Kaufhof is to be taken over by a consortium of U.S. investor Richard Baker and German businessman Bernd Beetz, the retailer said on Wednesday.
Israeli property management software provider Guesty said on Wednesday it raised $130 million in a late stage funding round led by global investment firm KKR.
Delta Air Lines offered an upbeat outlook for the current quarter on Wednesday after its first-quarter earnings topped Wall Street estimates on buoyant travel demand, sending its shares nearly 5% higher in premarket trading.
As U.S. banking giants prepare to report slightly lower first-quarter profits, investors will focus on how much more income executives expect from interest payments this year.
Thailand’s central bank left its key interest rate unchanged for a third straight meeting on Wednesday, resisting repeated calls by the government to lower borrowing costs to help revive Southeast Asia’s second-largest economy.
Outflows from the Grayscale Bitcoin Trust may be reaching an equilibrium after months of investor selling, Michael Sonnenshein, CEO of crypto asset manager Grayscale Investments, told Reuters on the latest episode of Inside ETFs.
U.S. oil major Chevron’s CEO Michael Wirth was paid $26.5 million in 2023, a 12.2% increase from the prior year, a securities filing showed on Wednesday.
