News

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Sat, 09 Jun 2018 09:07:57 GMT

China to expand environmental inspections

The China's Ministry of Ecology and Environment said on Saturday that it will increase the number of regions and cities that will be subjected under environmental inspections this month.

Sat, 09 Jun 2018 09:03:35 GMT

Iran to discuss with Russia nuclear deal

The President of Iran Hassan Rouhani said on Saturday that he wanted to have another round of talks with Russia's President Vladimir Putin about the US exit from the Iran nuclear deal.

Sat, 09 Jun 2018 08:15:38 GMT

Apollo, Starboard seek investment into Brazil's Maquina de Vendas

The buyout company Apollo Global Management and Starboard Restructuring Partners have made a proposal to invest $131M in convertible bonds into Maquina de Vendas, the Brazilian appliance retailer.

Sat, 09 Jun 2018 08:10:51 GMT

EU to decide on Alstom-Siemens rail business deal by mid-July

The German industrial firm Siemens and its French rival Alstom are seeking to secure the EU antitrust approval for their planned merger of rail businesses by July 13 to compete with China's CRRC.

Sat, 09 Jun 2018 07:35:36 GMT

NBG gets Chinese group Gongbao's offer for insurance arm

The National Bank of Greece has received a proposal from China's group Gongbao to acquire a controlling stake in the lender's insurance unit, the bank stated on Friday.

Sat, 09 Jun 2018 07:31:32 GMT

CPPIB plans investment into Ant Financial's unit

On Friday, Canada Pension Plan Investment Board stated it is set to invest $600M in Ant Financial Services Group's unit, which is part of Ant's $14B fundraising.

Sat, 09 Jun 2018 04:54:20 GMT

Malaysian PM calls for Trans-Pacific trade pact review

The Prime Minister of Malaysia Mahathir Mohamad asked to review a trade agreement of the Trans-Pacific Partnership, stating that Malaysia's small economy is now disadvantaged.

Sat, 09 Jun 2018 04:39:48 GMT

Robo-calls take aim at Mexico presidential frontrunner

In recent days, Lopez Obrador was targeted on various fronts that has put most of his supporters hesitating of making the decision of whom should be a president.

Sat, 09 Jun 2018 03:36:38 GMT

Kia recalls 507K cars in US for air bag issues

Kia Motors stated that the company was recalling nearly 507K vehicles in the US due to an electronic glitch, which might prevent air bags from its deploying in crash.

Sat, 09 Jun 2018 02:31:19 GMT

Chinese PPI up 4.1% last month

The Chinese Producer Price Index increased 4.1% year-over-year, accelerating from the prior month's 3.4% rise, the National Bureau of Statistics stated.

Sat, 09 Jun 2018 02:30:42 GMT

China's consumer price growth steady in May

China's annual consumer inflation revealed a steady growth pace of 1.8% in the month of May, in line with forecasts, after showing the similar gain in April.

Fri, 08 Jun 2018 20:08:51 GMT

Merkel: EU is not ready to readmit Russia to G7

On Friday, German Chancellor Angela Merkel said that the European Union members of G7 had agreed that Russia could not be readmitted to the group of advanced economies in the nearest time. 

Fri, 08 Jun 2018 19:58:48 GMT

Dialog Semiconductor in merge talks with Synaptics

On Friday, Bloomberg reported that Dialog Semiconductor, the UK-based manufacturer of semiconductors, is in talks to merge with the American human interface software and hardware developer Synaptics Inc. 

Fri, 08 Jun 2018 19:36:11 GMT

Italy wants NATO to defend its shores from migrants

On Friday, the Interior Minister of Italy Matteo Salvini who is also the head of Italian far-right League claimed that Italy wants NATO to help to defend its southern shores from migrants and possible terrorist infiltrations.

Fri, 08 Jun 2018 19:32:33 GMT

IMF director: fiscal goals of Argentina are flexible

On Friday, an IMF director Alejandro Werner claimed that Argentina can revise the fiscal target set as one of the parts of $50B financing deal between Argentina and IMF.

Fri, 08 Jun 2018 18:36:48 GMT

UK FCA presses ahead with new Aramco listing rule

On Friday, the British Financial Conduct Authority claimed that it will press ahead new listing next month aimed to attract companies similar to state-owned Saudi Aramco to London.

Fri, 08 Jun 2018 18:31:18 GMT

Hainan airlines to acquire

On Friday, the fourth largest Chinese carrier Hainan Airlines claimed that it is planning to acquire aviation assets worth $1.64B to expand its competitive edge and route network.

Fri, 08 Jun 2018 17:38:54 GMT

German Scholz: business needs to be prepared for the worst Brexit scenario

On Friday, German Finance Minister Olaf Scholz claimed that business waiting for the consequences of Brexit needs to be prepared for the worst-case scenario even if there is no final deal between the EU and the UK.

Fri, 08 Jun 2018 17:38:39 GMT

EU regulator approves Sky deal

EU antitrust regulators are planning to approve the deal between American cable enterprise Comcast and British subscription TV company Sky without demanding concessions

Fri, 08 Jun 2018 16:19:15 GMT

Romania's court delays verdict in leader's bribery deal

On Friday, the Romanian top court has postponed its verdict in the Social Democrats leader's corruption trial, as it needs more time for processing the details.

Fri, 08 Jun 2018 16:12:02 GMT

Austria plans to close mosques and expel dozens of imams

Austria's government is planning to close seven mosques and expel about twelve foreign-funded imams in its push against the radical Islam.

Fri, 08 Jun 2018 15:31:18 GMT

Chinese regulator receives Xiaomi application for IPO

The smartphone maker Xiaomi has applied to the Chinese security regulator on June 7 for an initial public offering in the country, according to the regulator's website.

Fri, 08 Jun 2018 15:23:41 GMT

Airbus finalises deal with Bombardier CSeries

EU planemaker has clinched a final rescue deal for the Bombardier CSeries jetliner programme and is seen to flex its cost-cutting and marketing muscle to revive Canada's loss-making venture.

Fri, 08 Jun 2018 14:38:07 GMT

Prada CEO Bertelli says no intention to sell brand

The Prada CEO Patrizio Bertelli stated there was never any intention to sell the luxury goods group, adding that his son was getting ready to take control over the company one day.

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