News

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Mon, 04 Jun 2018 06:01:18 GMT

Oil prices down amid record-high US production

The price of Brent crude declined by 34 cents or 0.4% on Monday morning, reaching $76.45 a barrel, amid expectations that major oil producers will increase supplies.

Mon, 04 Jun 2018 06:01:13 GMT

Airbus projects strong demand for A330neo

The Airbus Chief Commercial Officer Eric Schulz said on Monday that the company will be able to generate profit from sales of A330neo jet even though it lost a number of contests in Western markets last year.

Mon, 04 Jun 2018 05:16:48 GMT

CR Pharma to make $667M general bid for Jiangzhong Pharma

On Monday, China Resources Pharmaceutical Group announced it would launch a $667M general bid for the entire shares of Jiangzhong Pharmaceutical, following its parent takeover deal.

Mon, 04 Jun 2018 05:13:50 GMT

Spain's Barcelo seeks to bid for HNA's nearly 30% stake in NH Hotel Group

According to Bloomberg and the Expansion newspaper, Spain's Grupo Barcelo is thinking over to make a proposal for HNA's $781M worth shares in NH Hotel Group.

Mon, 04 Jun 2018 04:27:47 GMT

China triggers tax evasion inquiry into TV and film industry

China is set to open a tax evasion probe into its television and film industry, the country's tax bureau announced on Sunday.

Mon, 04 Jun 2018 04:25:01 GMT

UnCredit considers merger with France's rival SocGen

UniCredit, Italy's largest bank, is considering a merger with its French rival Societe Generale SA that could see the EY banks paving the way for banking mergers, the Financial Times reported on Sunday.

Mon, 04 Jun 2018 03:35:02 GMT

Australian business' profits gain in stimulus to consumers spending

Australian business paid out record amounts in wages in the last quarter due to hiring boom, which provided a boost to consumer spending and income.

Mon, 04 Jun 2018 03:33:58 GMT

Australia's retail sales grow 0.4% in April

The Australian Bureau of Statistics stated that the country's retail sales grew seasonally adjusted 0.4% to $26.5M, surpassing forecasts for a 0.3% rise.

Mon, 04 Jun 2018 02:33:16 GMT

Former BoJ Governor sees it difficult to gauge inflation

The former BoJ Governor Masaaki Shirakawa stated that the inflation's accurate measurement became complicated amid the development of services of goods not using traditional structures of pricing.

Mon, 04 Jun 2018 02:32:19 GMT

Australian CommBank agrees record penalty in ML case

Commonwealth Bank of Australia accepted a record $529.3M penalty to settle money laundering charges pressed by Australian financial intelligence agency.

Sun, 03 Jun 2018 20:31:17 GMT

President Trump names Starks as his pick to become FCC member

According to the White House, the US President Donald Trump has nominated Geoffrey Starks to become the Federal Communications Commission's member for the five-year term remainder ending June 30 in 2022.

Sun, 03 Jun 2018 20:27:37 GMT

France likely to sell part or all of Air France stake

France's government is thinking over a sale of its part or an entire Air France KLM 14.3% stake, having received an interest from AccorHotels management, the country's news agency Les Echos stated on Sunday.

Sun, 03 Jun 2018 19:31:09 GMT

Swiss luxury goods group Richemont signs takeover deal with Watchfinder

Richemont, the Swiss luxury goods company, said it would acquire Watchfinder.co.uk, as the luxury watchmakers seek to tap into the fast-growing pre-owned watch market.

Sun, 03 Jun 2018 19:25:04 GMT

GM agrees to settle lawsuit over motorcycle and self-driving car crash

General Motors agreed on a lawsuit settlement with a motorcyclist who had been hit by a carmaker's self-driving car in a minor crash in San Francisco last year.

Sun, 03 Jun 2018 18:33:30 GMT

Tyson Foods to sell its non-protein brands to Kohlberg & Co

The US largest meat processor Tyson Foods is planning to sell Sara Lee Frozen Bakery together with three other non-protein units to the private equity group Kohlberg & Co.

Sun, 03 Jun 2018 18:29:17 GMT

FCA, Santander Consumer USA in talks over car financing JV

Fiat Chrysler is in negotiations with Santander Consumer USA to acquire its share in the joint venture, as the carmaker seeks to establish its own vehicle financing business unit in the United States.

Sun, 03 Jun 2018 17:13:57 GMT

Apache to look for cooperation opportunities in Egypt

The US-based oil and gas producer Apache Corporation is planning to expand activities in Egypt and strengthen cooperation with its petroleum sector, the company said on Sunday.

Sun, 03 Jun 2018 17:06:31 GMT

Mattis says North Korea has to denuclearise to receive relief

The US Defence Secretary Jim Mattis noted on Sunday that North Korea would receive relief only if the country showed verifiable evidence of its denuclearisation.

Sun, 03 Jun 2018 16:16:38 GMT

PM: Ethiopia to build new navy

According to the Ethiopian Prime Minister Abiy Ahmed, the next step in the country's military reform is to renew its navy which was disbanded in 1991.

Sun, 03 Jun 2018 16:04:52 GMT

Syrian President to meet North Korea's Kim Jong Un

The Syrian President Bashar al-Assad is set to visit its North Korean counterpart Kim Jong Un in an official meeting, the North Korean state media announced on Sunday.

Sun, 03 Jun 2018 14:52:13 GMT

US, China end trade talks with no success

The United States and China have finalised with their trade negotiations without any settlement, as both sides failed to offer a mutually beneficial agreement.

Sun, 03 Jun 2018 14:51:55 GMT

Sky News: CYBG increases bid for Virgin Money

The UK-based lender CYBG has increased the value of its bid for the financial services provider Virgin Money to £1.7B, Sky News reported on Sunday.

Sun, 03 Jun 2018 14:20:07 GMT

Newspaper: Bayer to close Monsanto takeover deal on Thursday

According to the German newspaper Frankfurter Allgemeine Sonntags Zeitung, Bayer is expected to finalise with the $62.5B takeover of the seeds producer Monsanto this Thursday.

Sun, 03 Jun 2018 14:11:37 GMT

Oil producers stress importance of continued cooperation

Ministers of OPEC and non-OPEC countries said further collaboration between oil producers is required after the pact for global supply cut expires at the end of 2018.

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