News

Note: This section contains information in English only.
Tue, 11 Sep 2018 14:09:56 GMT

Hungary's Orban opposes EU Parliament over rights, corruption

On Tuesday, the Hungarian PM Viktor Orban has rejected the EU Parliament's efforts to implement sanctions on Budapest over corruption accusations, authoritarianism and rights abuses.

Tue, 11 Sep 2018 14:01:33 GMT

China's Haidilao seeks raising $1.0B in HK IPO

China's hotpot company Haidilao International Holding is planning to attract up to $963M in its initial public offering in Hong Kong, seeking to fund the international expansion into the Canada and US markets.

Tue, 11 Sep 2018 13:39:11 GMT

Amer Sports gets $5.3B takeover approach from China's Anta

Finland's Amer Sports has received a $5.3B worth takeover bid interest from the Chinese company Anta Sports and Asia's private equity group FountainVest Partners.

Tue, 11 Sep 2018 13:36:10 GMT

ArcelorMittal shares drop as it raises bid for Essar Steel

ArcelorMittal shares plunged more than 2% on Tuesday, following the steel giant's announcement it had lifted its bid for the Indian company Essar Steel.

Tue, 11 Sep 2018 12:36:42 GMT

Japan's Universal plans listing of Philippine casino

Japan's Universal Entertainment is planning to list the Philippine casino operator in Manila due to uncertain political environment in the business sector.

Tue, 11 Sep 2018 12:33:33 GMT

Germany's department store chains Karstadt and Kaufhof to merge

Signa Holding and Hudson's Bay Company agreed to merge the two German largest department store chains Karstadt anf Galeria Kaufhof, in a move to respond to tough competition from the e-commerce players.

Tue, 11 Sep 2018 10:56:56 GMT

Aryzta clinches deal with five banks for raising nearly €800M

Aryzta, one of the biggest bakeries in the world, has clinched an underwriting agreement with five banks, as it seeks to raise €800M in new capital to boost the balance sheet.

Tue, 11 Sep 2018 10:56:44 GMT

Alibaba gives up control of Russian unit to form new JV

Alibaba Group, the Chinese largest e-commerce company, ceded its control of the Russia business unit to establish a new joint venture with two tech firms and a state fund.

Tue, 11 Sep 2018 10:02:57 GMT

UK's average earnings index beats forecast

The UK Average Earnings Index was released at 2.6% on Tuesday. It was forecast by analysts surveyed by Bloomberg to be at 2.4%.

Tue, 11 Sep 2018 10:02:21 GMT

China asks WTO for permission to set sanctions

The Chinese People's Republic on Tuesday revealed that it plans to ask the World Trade Organization for permission to set trade sanctions on the United States.

Tue, 11 Sep 2018 08:56:34 GMT

ING head to resign amid $900M money laundering fine

On Tuesday, IMG Groep announced its CEO Koos Timmermans was set to step down from his post after being fined $900M by the Dutch prosecutors for money laundering.

Tue, 11 Sep 2018 08:55:51 GMT

Oil services firm CGG to delist US shares

CGG, the oil services group, is planning to delist its US shares, as the company finds the NYSE listing too expensive, it stated on Tuesday.

Tue, 11 Sep 2018 07:53:46 GMT

Shares of Unliver's single holding firm to start tarding by 2018-end

Unilever, the consumer goods titan, stated that it is planning to complete simplifying its owner's structure from the Dutch and two British legal entities into a single holding company in December this year, when shares start trading.

Tue, 11 Sep 2018 07:53:02 GMT

Grab ties up with Vietnam's MOCA over payment service

On Tuesday, Grab announced it has partnered with the Vietnamese service and technology firm MOCA over a mobile payment service in the country, as the ride-hailing company aims to strengthen its position in Vietnam.

Tue, 11 Sep 2018 07:38:09 GMT

Alcon set to move HQ to Geneva

Novartis' eyecare unit Alcon is set to move its headquarters currently located in Dallas, Texas to Switzerland's city of Geneva, the company's owner announced on Tuesday.

Tue, 11 Sep 2018 06:39:46 GMT

Britain's Elementis to buy Mondo Minerals for price $100M less than agreed

On Tuesday, the British specialty chemicals firm Elementis said it would acquire Mondo Minerals from the US private equity group Advent International for $500M, which was $100M less, than the firm had agreed earlier.

Tue, 11 Sep 2018 06:36:21 GMT

SandRidge Energy drops all takeover bids

SandRidge Energy, the US shale oil producer, stated on Monday it had finalised its strategic review, rejecting all takeover bids, as it saw the offers undervaluing the company.

Tue, 11 Sep 2018 04:40:01 GMT

North Korea requests a meeting with Trump

The leader of North Korea on Monday sent a letter to the US President Donald Trump asking for a second meeting.

Tue, 11 Sep 2018 04:39:26 GMT

Pound continues to surge due to Brexit

As politicians close in on a Brexit deal, the British Pound continues to appreciate in value against other currencies.

Tue, 11 Sep 2018 04:30:23 GMT

Asian markets continue to decline

On Tuesday, Asian stock markets continued to decline for the ninth straight session. Financial media once more blamed trade war fears.

Tue, 11 Sep 2018 04:29:49 GMT

Boeing increases plane purchase forecast

On Tuesday, Boeing increased its forecast for plane purchases in China for the next twenty years to 7,690 planes, which would be worth $1.2 trillion.

Tue, 11 Sep 2018 03:35:39 GMT

Britain rises funding for low emissions cars

The UK announced on Monday an extra $138M in funding aimed to help boost the environmentally-friendly vehicles, low-carbon technology and batteries' research and development.

Tue, 11 Sep 2018 03:31:55 GMT

Australian coal exports at record high in August

Australian Bureau of Statistics' report released on Tuesday showed that the value of thermal coal exports increased 14% in July to $1.74B.

Tue, 11 Sep 2018 02:31:05 GMT

Australian business conditions improve in August

An index of Australia's business conditions rebounded last month, as companies reported improved profits and sales, though confidence softened in reaction to political unclarity, as the country's PM fell to a party vote.

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