Xiaomi, a Chinese startup that helped pioneer the trend toward ultra-low-priced smartphones, is preparing for what would be the biggest initial public offering since e-commerce giant Alibaba's in 2014.
German luxury carmaker Daimler on Wednesday cut its profit forecast for 2018, blaming new tariffs on cars exported from the United States to China, amid lingering fears of a trade war between the world's biggest economies.
Disney sweetened its bid for key assets of 21st Century Fox Wednesday, raising its offer to $71.3 billion in cash and stock to counter a rival bid from Comcast.
A former employee hacked into computers at Tesla's Nevada battery factory, stole confidential information and combined it with falsehoods in leaks to the media, the electric car maker alleged in a federal lawsuit.
US officials fined embattled German banking giant Deutsche Bank $205 million in a settlement to resolve foreign exchange market manipulation violations, New York's top banking regulator announced Wednesday.
The EU on Wednesday ruled that Luxembourg had given illegal tax breaks to energy giant Engie and ordered it to recover 120 million euros from the company, whose biggest shareholder is the French state.
The developer of a school shooting video game condemned by parents of slain children has lost the ability to sell the game online after being dumped by PayPal.
Slumping US industrial giant General Electric will be booted from the prestigious Dow Jones stock index next week, S&P Dow Jones Indices announced Tuesday.
European companies complain they still face a tough business climate in China despite Beijing's pledges of openness, with about half saying it has become tougher in the past year, according to a survey released Wednesday.