News

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Thu, 07 Jun 2018 19:41:26 GMT

Turkey stops filling Tigris dam

The authorities of Turkey ordered the halt of the filling of a dam on the Tigris river after Iraqi officials complained about water shortages.

Thu, 07 Jun 2018 19:03:33 GMT

Deutsche Bank wants to merge with Commerzbank

The Supervisory Board Chairman of Deutsche Bank has discussed with top shareholders a possible merging with the peer bank Commerzbank.

Thu, 07 Jun 2018 19:02:12 GMT

IMF and Argentinian deal is expected soon

The Treasury Minister of Argentina announced on Thursday that his country and the International Monetary fund are close to making a deal.

Thu, 07 Jun 2018 18:30:38 GMT

GM to sell new EV batteries to Honda

General Motors is expected to provide advanced batteries to Honda Motor, a move that would diminish costs of future electric cars at both auto producers after two years.

Thu, 07 Jun 2018 18:30:30 GMT

Waymo wants to bring self-driving taxi services to Europe

Waymo, the self-driving unit of Alphabet, hoped to bring the company's robo-taxi service to Europe, as it launches in the US later this year.

Thu, 07 Jun 2018 16:52:10 GMT

Ukraine adopts corruption law, aiming for more aid from IMF

The parliament of Ukraine passed a law to create a court specialised in corruption cases, the main step for the governemnt to get more IMF aid to tame an increasing sovereign debt burden.

Thu, 07 Jun 2018 16:51:32 GMT

McDonald's plans new round of layoffs

McDonald's was planning a fresh round of layoffs to level off the structure of the management further, the WSJ stated, citing an email sent to employees, franchises and suppliers of the company.

Thu, 07 Jun 2018 16:13:50 GMT

MiMedx replaces CFO, set to restate statements

MiMedx replaced the CFO and stated that it is set to restate financial statements for five years after an internal investigation into distribution and sales practices, sending shares 30% down.

Thu, 07 Jun 2018 16:12:43 GMT

Bank of Canada: debt, housing risks ease

The Bank of Canada stated that the vulnerabilities caused by household debt and the country's housing market eased due to higher interest rates, rising incomes and tighter mortgage rules.

Thu, 07 Jun 2018 13:18:00 GMT

Ride-hailing service Gett plans to attract $350M

According to Calcalist, the Israeli news website, the ride-hailing company Gett is seeking to raise $350M, in its second attempt to attract investors amid the company's relatively high valuation of $2.0B.

Thu, 07 Jun 2018 13:09:00 GMT

Ford to shut down Bordeaux factory in no buyer found

On Thursday, Ford is considering to shut down its Blanquefort gearbox factory in France's Bordeaux, if no buyer could be found, the US carmaker stated on Thursday.

Thu, 07 Jun 2018 12:38:06 GMT

Honest Co receives $200M investment from L Catterton

On Wednesday, the consumer goods firm that is co-founded by Jessica Alba, Honest Co, stated it had received n investment worth $200M from the private equity group L Catterton.

Thu, 07 Jun 2018 11:34:44 GMT

Steinhoff receives creditors' support letters for two finance firms

on Wednesday, South Africa's Steinhoff stated it had received support letters from creditors for two of its finance companies, following the firm's embroilment into accounting scandal.

Thu, 07 Jun 2018 11:31:28 GMT

Shanghai Electric to acquire 51% stake in GCL-Poly's unit

GCL-Poly Energy Holdings is planning to sell a 51% stake in its photovoltaic developing division to Shanghai Electric, the industrial equipment producer.

Thu, 07 Jun 2018 10:15:12 GMT

Oil rises on Thursday due to Venezuela

As oil prices increased on Thursday, media outlets put the blame on the surge on the expected decrease of Venezuelan oil exports.

Thu, 07 Jun 2018 10:14:16 GMT

Gucci aims to have 10 billion in revenue

Italian company Gucci on Thursday announced that the company is set to grow and reach ten billion Euros in revenue.

Thu, 07 Jun 2018 09:36:50 GMT

Fujifilm considers giving up on merger with Xerox if no progress

On Thursday, Fujifilm Holdings stated it would have to walk away from the merger deal with Xerox worth $6.1B, if there was no progress in negotiations for about six months.

Thu, 07 Jun 2018 09:33:43 GMT

Tencent, Geely to acquire 49% stake in China Railway unit

Tencent Holdings and Zhejiang Geely have won an offer to buy a 49% stake in the China Railway Corp's subsidiary for $672.52M, Geely announced on Thursday.

Thu, 07 Jun 2018 07:58:51 GMT

Platform Specialty in negotiations over agrochemicals unit sale

Platform Specialty Products is in advanced negotiations over a sale of its agrochemicals business unit to Wilmcote Holdings in a deal that could be valued at $3.0B, according to the Wall Street Journal.

Thu, 07 Jun 2018 07:58:39 GMT

J&J receives $2.7B bid for its sterilisation unit

On Wednesday, Johnson & Johnson said it had received a proposal from Fortive Corp, worth around $2.7B in cash, to acquire its medical sterilisation unit.

Thu, 07 Jun 2018 07:23:30 GMT

VIG acquires Gothaer Finanzholding's Polish unit

On Thursday, Vienna Insurance Group announced it had bought a Polish unit of the German peer Gothaer Finanzholding, seeking to expand its services in the country.

Thu, 07 Jun 2018 06:52:44 GMT

China's Huobi Group plans $100M investment into new blockchain

China's global financial service operator Huobi Group stated on Wednesday it would invest $100M to establish a new public blockchain.

Thu, 07 Jun 2018 06:38:24 GMT

Tesla shares surge on Model 3 hitting Musk's target

The shares of Tesla are heading for their best in over two years, after the carmaker's CEO Elon Musk announced it was heading to hit its 5K vehicles per week target, seemed for the June-end.

Thu, 07 Jun 2018 05:23:01 GMT

Revolut to offer fee-free share trading for customers

The UK digital-only bank Revolut stated that it was creating a fee-free trading platform on the bank's application, the latest bid to use technologies to underbid traditional financial services.

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