Oil prices steadied 1% higher on Wednesday, well below peaks hit in frenzied trading earlier in the day after a rocket attack by Iran on American forces in Iraq raised the specter of a spiraling Mideast conflict and disruption to crude flows.
CITIC Ltd , the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22% stake in McDonald's Corp's mainland China and Hong Kong business, which is likely to be bought by the group's private equity arm.
Japanese fashion tycoon Yusaku Maezawa is giving away $9 million to his Twitter followers in what he says is a "social experiment" to see if the payment boosts their happiness.
Saudi Aramco shares fell to a new low on Wednesday after Iran launched missiles against U.S. targets in Iraq, but Gulf debt markets were fairly stable, as some had feared stronger retaliation from Iran.
European shares fell on Wednesday and U.S. equity futures pointed to weakness on Wall Street after Iran's attack on U.S.-led forces in Iraq, but earlier sharp market moves were starting to fade as fears abated that the raid would lead to an immediate military escalation.
Zhejiang Geely Holding Group Co Ltd and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan ($388.77 million) in a China-based venture to build "premium and intelligent electrified" vehicles under the smart brand.
McDonald's Corp said on Wednesday it was expanding its pilot of plant-based meat burgers using Beyond Meat patty in 52 restaurants across Kitchener-Waterloo, Guelph and nearby areas in Canada.
German battery maker Varta said on Wednesday that it has warned electronic goods traders after finding products with batteries from Chinese manufacturers which infringe on its patents.
Popular video-sharing app TikTok issued a broad ban on Wednesday against "misleading information" that could cause harm to its community or the public, setting itself apart from rivals like Facebook which say that they do not want to be arbiters of truth.
Luckin Coffee Inc said it is expanding into vending machines that sell freshly brewed hot beverages and snacks, seeking even more of the China market after overtaking Starbucks Corp as the country's biggest coffee chain by number of stores.
McDonald's Corp said on Wednesday it would expand its vegan burgers trials using Beyond Meat patties to 52 restaurants in Canada, signaling a stronger push from the world's No. 1 fast-food chain into plant-based meat options.
Ousted Nissan boss Carlos Ghosn decided to flee Japan after learning his trial had been delayed until April 2021 and also because he had not been allowed to speak to his wife, sources close to Ghosn told Reuters.
Drugstore chain Walgreens Boots Alliance Inc posted a quarterly profit that missed expectations on Wednesday, hurt by lower payments from insurers on drugs sold, sending shares down nearly 4% before the bell.
Oil prices would skyrocket if Iran moved to completely cut off the Strait of Hormuz, energy analysts told CNBC on Wednesday.
U.S. stock index futures turned higher on Wednesday after Iran signaled no further escalation in military strikes following its attack on U.S.-led forces in Iraq, allaying investor worries of a wider war in the Middle East.