News

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Mon, 01 Oct 2018 13:52:55 GMT

Careem renews its operations in Oman

The Mideast ride-hailing service Careem announced on Monday it had resumed its operations in Oman's capital of Muscat, after signing a collaboration deal with the country's local taxi firm.

Mon, 01 Oct 2018 12:57:17 GMT

Encana plans New Mexico assets sale for $480M

On Monday, Encana said it was set to sell its New Mexico's San Juan assets to the privately-owned gas and oil producer DJR Energy in a deal worth $480M.

Mon, 01 Oct 2018 12:52:47 GMT

Turkish PMI hits its lowest level in nine years

Turkish manufacturing activity fell to its nine-year low in September, hitting 42.7 points, according to a closely-watched business survey presented on Monday.

Mon, 01 Oct 2018 12:39:54 GMT

Tesla's shares rise as Musk settles with US SEC

Tesla's shares surged almost 16% on Monday, as the carmaker's CEO Elon Musk has settled with the US Securities and Exchange Commission over the charges of misleading investors.

Mon, 01 Oct 2018 12:36:56 GMT

General Electric's CEO leaves, shares surge 15%

On Monday, the Chief Executive Officer of General Electric John Flannery has abruptly resigned from his post, sending the company's shares up 15% in a pre-market trading.

Mon, 01 Oct 2018 11:36:33 GMT

Richemont considers buying Italy's Buccellati

Richemont, the owner of Cartier, is thinking over an acquisition of the Italian jeweller Buccellati from China's Gansu Gangtai that acquired it last year.

Mon, 01 Oct 2018 11:32:14 GMT

Aston Martin cuts IPO range amid mixed investor feedbacks

Aston Martin, Britain's luxury carmaker, reduced the price range of its IPO to £20 per share, bringing the company's market value to £4.6B, after mixed investor feedbacks.

Mon, 01 Oct 2018 10:38:32 GMT

France's Casino attracts $655M in property sales

On Monday, France's supermarket group Casino stated it would sell its property assets for $655M with intention to cut debt levels, which had raised some concerns to investors.

Mon, 01 Oct 2018 10:34:53 GMT

Honeywell to acquire Germany's Transnorm in $493M deal

Honeywell International announced on Monday it would acquire the German warehouse automation company Transnorm in a deal with IK Investment Partners valued at $492.8M, seeking to boost the firm's presence in the market.

Mon, 01 Oct 2018 09:20:39 GMT

Just Group's shares fall amid CFO's resignation

Just Group's shares plunged 9% to 80.65 pence on Monday, after the UK pensions provider announced its CFO Simon Thomas would step down by this month's end due to regulatory uncertainty.

Mon, 01 Oct 2018 09:16:46 GMT

Aldi UK to open 130 new stores within two years

Aldi UK is planning to open 130 new stores in the next two years on the back of rising annual operating profit, the discount supermarket stated on Monday, saying it would create 5K additional jobs.

Mon, 01 Oct 2018 08:00:11 GMT

Stock indexes surge in Europe

European stock indexes surged on Monday, as optimism ruled in the global markets due to a trade deal done in North America.

Mon, 01 Oct 2018 07:59:38 GMT

Canadian Dollar jumps on Monday

On Monday, as a trade deal was made between Canada and the US, the Canadian Dollar appreciated by 0.5% against the US Dollar.

Mon, 01 Oct 2018 07:40:20 GMT

Abacus Medicine preparing to list on Frankfurt SE

Denmark's pharmaceutical parallel trade Abacus Medicine is getting ready to launch an IPO on the Frankfurt stock exchange, it announced on Monday.

Mon, 01 Oct 2018 07:38:37 GMT

East Timor buys stake in Sunrise gas field from ConocoPhillips

East Timor is taking a 30% stake in the Greater Sunrise gas field from ConocoPhillips in a deal valued at $350M, according to the Australian Financial Review report published on Monday.

Mon, 01 Oct 2018 06:01:17 GMT

Slack prepares to go public in 2019-first half

The chat services provider for business Slack Technologies is planning to launch the initial public offering in the next year's first half, according to the Wall Street Journal.

Mon, 01 Oct 2018 06:00:23 GMT

Bojangles restaurant chain likely to sell itself

Th US fast food restaurant chain Bojangles is thinking over a potential sale or other strategic alternatives due to costs fuel consolidation and rising competition in the sector.

Mon, 01 Oct 2018 05:20:28 GMT

EU regulators to decide on Takeda's takeover bid for Shire

The European antitrust regulators are set to pass their verdict on the Japan drugmaker Takeda Pharmaceutical's $62B worth takeover bid for the British firm Shire by November 6, the EU Commission reported.

Mon, 01 Oct 2018 05:14:54 GMT

Rio Tinto and Japanese JV partners to invest $1.55B on Australia's iron ore

Rio Tinto and its Japanese joint venture partners, Nippon Steel & Sumitomo Metal and Mitsui & Co, are set to invest around $1.55B to keep the production capacity at Australia's two iron ore projects.

Mon, 01 Oct 2018 02:35:01 GMT

South Korea factory activity strengthens in September

South Korea's factory activity grew for the first time in the seven-month period in September, as output recovered and new orders jumped even with weakening export sales, a survey revealed.

Mon, 01 Oct 2018 02:30:20 GMT

Husky Energy to buy MEG Energy in $5B deal

Canada's gas and oil producer Husky Energy stated that an unsolicited bid was made to MEG Energy in a deal with a total value of $5B including debt.

Sun, 30 Sep 2018 19:00:40 GMT

Hunt: Punishing UK will damage EU

On Sunday, the UK's Foreign Minister Jeremy Hunt said to Brussels that punishing the United Kingdom in Brexit discussions will damage the European Union.

Sun, 30 Sep 2018 19:00:22 GMT

Patel says PM's Brexit plans cannot be accepted

On Sunday, Eurosceptic UK lawmaker Priti Patel said that the United Kingdom should not accept Prime Minister Theresa May's Brexit plan if she is ready to leave the EU without a deal.

Sun, 30 Sep 2018 18:08:29 GMT

Germany's financial regulator is worried about aggressive lending

On Sunday, Handelsblatt reported that the German financial regulator is concerned about aggressive lending standards by Germany's banks.

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