News

Note: This section contains information in English only.
Wed, 19 Sep 2018 19:12:15 GMT

Cyprus and Egypt plan to build gas pipe

Cyprus and Egypt signed an agreement to construct an underwater pipeline to deliver natural gas to Egypt, a statement released by the Noble Energy consortium shows.

Wed, 19 Sep 2018 19:09:33 GMT

Yemen's central bank increases interest rates

Yemen's central bank increased interest rates on deposits to 27% to combat riyal depreciation, the state-run Saba news agency reports.

Wed, 19 Sep 2018 17:48:22 GMT

Nepal Bank CEO: huge opportunities for banks in Nepal and China

Nepali banks have a lot opportunities to facilitate trade and investment between Nepal and China as economic growth improves, a top official of Nepal Bank says.

Wed, 19 Sep 2018 17:47:01 GMT

Ukraine: friendship treaty with Russia terminates

The Treaty on Friendship, Cooperation and Partnership between Ukraine and Russia terminates on Wednesday, the Ukrainian President Petro Poroshenko says.

Wed, 19 Sep 2018 17:30:09 GMT

Greece discusses refugees ahead of informal EU Summit

The Greek government discussed the migration policy with the visiting European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos ahead of an informal EU Summit in Salzburg, Austria.

Wed, 19 Sep 2018 17:29:06 GMT

G7 ministers gather in Canada to discuss climate

Environmental and energy ministers gathered in Canada for a three-day meeting focused on climate change, clean energy and ocean conservation.

Wed, 19 Sep 2018 16:20:42 GMT

CVC picks banks to lead IPO of Domestic & General

The private equity group CVC has selected Bank of America Merrill Lynch, Credit Suisse to lead its IPO of the London-based warranty provider Domestic & General.

Wed, 19 Sep 2018 16:14:03 GMT

Amazon, India's Samara acquire retail chain More for $580M

Amazon.com and India's private equity group Samara Capital have acquired Aditya Birla Group's retail chain More in a deal valuing the company at $580.35M.

Wed, 19 Sep 2018 15:32:37 GMT

China adds $60B of US goods to its import tariff in retaliation move

China has penalised $60B of the United States imports in a tit-for-tat move, after the President Donald Trump claimed he would impose such tariffs on $200B of China's goods.

Wed, 19 Sep 2018 15:24:00 GMT

HNA Tech scraps plan to acquire China's Dangdang

On Wednesday, HNA Technology stated it had dropped its plan to buy China's e-commerce group Dangdang as deal parties failed to reach the agreement.

Wed, 19 Sep 2018 13:58:37 GMT

Belgium's union rejects Ryanair's proposal before strike

On Wednesday, Ryanair's Belgian cabin crew union stated it had rejected an offer proposed by the Irish airline right ahead of the planned strike on September 28.

Wed, 19 Sep 2018 13:53:44 GMT

Toshiba brushes off concerns on memory chips prices

Toshiba Memory's Chief Executive has shrugged off the price concerns about the plunging memory chips prices on Wednesday and reiterated that the firm was planning an IPO in a couple of years.

Wed, 19 Sep 2018 13:34:33 GMT

Mars aims to fight "broken" cocoa supply chain

Mars Wrigley Confectionery is aiming to tackle the so-called "broken" cocoa supply chain, which includes child labour, poverty and deforestation, by launching a new sustainability scheme on Wednesday.

Wed, 19 Sep 2018 13:29:51 GMT

TomTom likely to lose some business amid Google's deal with carmakers

On Wednesday, the Finance Chief of TomTom stated the digital mapping company might lose some of its business due to Google's deal with Nissan, Renault and Mitsubishi alliance.

Wed, 19 Sep 2018 12:37:55 GMT

AutoNation's CEO plans resignation next year

AutoNation's Mike Jackson is eager to step down as the company's Chief Executive next year; however, he will stay as the executive chairman until at least 2021.

Wed, 19 Sep 2018 12:32:24 GMT

Afghan Deputy Minister to travel to Moscow over peace talks

The Afghan Deputy Minister is set to arrive in Moscow on Thursday for a meeting over a new peace talks round on Afghanistan, according to the Interfax news agency.

Wed, 19 Sep 2018 10:59:59 GMT

JSW awaits ministry's approval for Prairie Mining assets buy

The Polish company JSW is seeking to receive the Energy Ministry's approval to acquire the Australian firm Prairie Mining's assets in Poland.

Wed, 19 Sep 2018 10:59:51 GMT

Linde-Praxair getting closer to receive US approval for merger

Linde and Praxair, the industrial gases titans, are planning a sale of extra assets to CVC Capital Partners and Messer Group GmbH consortium, as they seeks to get closer to the US approval for their merger.

Wed, 19 Sep 2018 09:57:14 GMT

Merkel speaks out about electric cars

The Chancellor of Germany Angela Merkel announced on Wednesday that Germany and Europe needs to create its own electric car battery cell production industry.

Wed, 19 Sep 2018 09:56:47 GMT

India considers raising import tariffs

On Wednesday, it was revealed that India's steel ministry is considering raising import tariffs on steel products to support the Rupee.

Wed, 19 Sep 2018 09:37:18 GMT

Philippines' Cal-Comp postpones IPO amid market conditions

On Wednesday, Philippines' New Kinpo Group unit Cal-Comp said it had delayed its $125.2M initial public offering due to the Southeast Asia's market conditions.

Wed, 19 Sep 2018 09:33:50 GMT

Britain's inflation surge to six-months high last month

Britain's annual consumer inflation rose to 2.7% in August, hitting its six-months high, and up from the 2.5% reading in July, the ONS reported on Wednesday.

Wed, 19 Sep 2018 08:38:19 GMT

Unilever, Coke, Nestle become bidders for GSK India sale

Coca-Cola, Nestle and Unilever are making their bids in $4.0B-plus GlaxoSmithKline's sale of its India's Horlicks nutrition unit.

Wed, 19 Sep 2018 08:36:12 GMT

Danske Bank head steps down amid money laundering row

The CEO of Danske Bank, Thomas Borgen, has quitted this Wednesday amid the money laundering scandal that involved $234B flowing through Estonia's branch in the 2007-2015 time period.

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