China National Chemical Corp (ChemChina) is to buy Pirelli (PECI.MI), the world's fifth-largest tire maker, in a 7.1 billion euro ($7.7 billion) deal that will place one of the symbols of Italy's manufacturing industry in Chinese hands.
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Oil rebounds towards $57 as weaker dollar overshadows China slowdown
Brent crude reversed early losses to trade back towards $57 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.
Strong euro zone business data sends euro, shares higher
The euro rose and European shares edged up on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure.
IBM to share technology with China in strategy shift
IBM Corp will share technology with Chinese firms and will actively help build China's industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China's shifting technology policies.
Hutchison and Telefonica set to close O2 deal for $15.7 billion
Hutchison Whampoa Ltd (0013.HK) is expected to finalize a deal to buy Telefonica SA's (TEF.MC) British mobile unit O2 for 10.5 billion pounds ($15.70 billion) as early as Tuesday morning, the Financial Times reported.
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China's economy faces increased downward pressure this year but the slowdown is stabilizing, with employment and services among the bright spots, Vice Premier Zhang Gaoli said on Sunday.
China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country's vice finance minister, Zhu Guangyao, said on Saturday.
Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from OPEC and the United States.
Starbucks Corp (SBUX.O) will partner Taiwanese drinks maker Tingyi Holding Corp (0322.HK) to produce and sell ready-to-drink (RTD) beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market.
Ride-hailing service Uber Technologies Inc said late on Wednesday it has struck a deal with China Yongda Automobiles Services Holdings Ltd, a Chinese luxury auto dealer, to provide discounts and financing for Uber drivers' cars.
The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join.
Alibaba Group Holdings Ltd may scrap plans to invest in Indian online marketplace Snapdeal, technology website Recode reported, citing a person who was familiar with the matter.
Microsoft Corp is making its biggest push into the heavily pirated Chinese consumer computing market this summer by offering free upgrades to Windows 10 to all Windows users, regardless of whether they are running genuine copies of the software.
A possible deal over Iran's nuclear program that would phase out economic sanctions against Tehran is unlikely to flood world markets with more oil any time soon, despite Iran's declared intention to claw back market share lost because of the curbs.
