News

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Thu, 31 May 2018 08:38:34 GMT

Canadian miner Bear Creek to make IPO in Peru

On Wednesday, Bear Creek Mining's CFO stated that Canada's miner would launch an IPO for the Peruvian unit in Lima to aid finance its $550M Corani silver project.

Thu, 31 May 2018 08:34:21 GMT

China's Suning.com cuts its stake in Aibaba to 0.51%

Suning.com, China's e-commerce company, has decided to sell its shares in Alibaba Group Holding worth $1.5B, reducing its stake to 0.51%, the company stated on Wednesday.

Thu, 31 May 2018 07:39:08 GMT

Tencent ties up with Wanda Group and Groupon over "smart retail"

The technology titan Tencent is eager to tie up with China's real estate firm Dalian Wanda Group and ex-local unit Groupon amid the companies' intention to develop "smart retail".

Thu, 31 May 2018 07:33:36 GMT

Greece's Hellenic Petroleum sale raises more interest

On Wednesday, the Greek privatisations agency stated that Glencore Energy, Vitol Holding B.V. and three others have submitted an initial interest for a 50.1% majority stake in the Greek oil refiner Hellenic Petroleum.

Thu, 31 May 2018 06:36:40 GMT

Allergan set to sell two of its smaller business units

Allergan is planning to sell its infectious disease and women's health businesses, as its CEO Brent Saunders seeks to halt a steep slide in the drugmaker's share price over the past year.

Thu, 31 May 2018 06:32:16 GMT

Fox to hold special Disney vote on July 10

On Wednesday, 21st Century Fox announced it picked up July 10 to hold a special gathering for the stockholders to vote on the merger with Walt Disney.

Thu, 31 May 2018 04:59:18 GMT

Samsung Life sells shares in Samsung Electronics

Samsung Life Insurance stated that the company sold $1B worth of Samsung Electronics' shares, aiming to remove regulatory risks.

Thu, 31 May 2018 04:59:02 GMT

SenseTime raises $620M in latest round of funding

China's developer of facial recognition technologies SenseTime raised $620M in the latest funding round, valuing the business at above $4.5B.

Thu, 31 May 2018 04:28:18 GMT

Japan factory production slumps in April

Japan's industrial production fell short of expectations in April, official data revealed, adding to future concerns after the country's economy contracted in the Q1.

Thu, 31 May 2018 04:27:32 GMT

Google runs second China app

Alphabet's Google introduced a file managing application in some China's app stores, as the company sought to enter the largest smartphone market, where most of its top products were still banned.

Thu, 31 May 2018 03:33:03 GMT

Buffett proposes to make $3B investment in Uber, but negotiations fail

Billionaire Warren Buffett proposed to make $3B investment in Uber Technologies, though the talks failed on disagreements about the deal's terms, sources familiar with the matter stated.

Thu, 31 May 2018 03:32:30 GMT

China factory expansion at 8-month high in May

China's manufacturing sector expanded at the strongest pace in eight-month period in May, blowing prior expectations and weakening concerns about a slowdown of economic growth.

Wed, 30 May 2018 19:49:07 GMT

Arab League condemns new settlements in Jerusalem

The Cairo-based Arab League condemns Israeli plans to build thousands of new settlements in Jerusalem, the assistant secretary general Saeed Abu Ali says.

Wed, 30 May 2018 19:48:16 GMT

Egypt's debts rise to $82.9B in 2017

Egypt's total foreign debts rose to $82.9B in end of the year 2017, a 4.9% increase compared to the previous six months, the Central Bank of Egypt says.

Wed, 30 May 2018 19:35:37 GMT

South Sudanese President visits Ethiopia

The South Sudanese President Salva Kiir on Wednesday arrived to Addis Ababa, Ethiopia for a state visit, media reports.

Wed, 30 May 2018 19:34:42 GMT

Lithuania to hold large military drill

Lithuania plans to conduct the largest military drill, named Thunder Storm 2018, in the country's history amid security tensions in the region, the country's Defence Ministry says.

Wed, 30 May 2018 18:00:18 GMT

BoC holds rates unchanged, signals more hikes

The Bank of Canada announced its decision to keep interest rates unchanged, but signalled future rate hikes to come in the next meeting, sending the Loonie higher.

Wed, 30 May 2018 17:59:52 GMT

Mapbox partners Intel, Microsoft to provide maps for self-driving cars

Mapping startup Mapbox stated that it was teaming up with Intel, Microsoft and Softbank Group's ARM Holdings' chip unit to strengthen its push into securing maps for self-driving vehicles.

Wed, 30 May 2018 16:51:04 GMT

J.P. Morgan raises US GDP forecast to 2.75% in Q2

J.P. Morgan updated its forecast for the US economic expansion in the June quarter to 2.75% from 2.25% after the trade balance data release for April.

Wed, 30 May 2018 16:50:57 GMT

RCom plans $2.68B sale of assets to Brookfield, Jio in following weeks

Indian company Reliance Communications stated that it anticipates to finish the sale of assets to Canada's Brookfield and Reliance Jio Infocomm in coming weeks.

Wed, 30 May 2018 16:22:03 GMT

China to diminish tariffs on consumer goods imports

China is set to diminish tariffs on imports of a row of consumer goods including cosmetics, apparel, fitness products and home appliances from July 1, the government stated.

Wed, 30 May 2018 16:20:35 GMT

Russia's CB warns of higher volatility, weaker oil risks

The Central Bank of Russia stated that the country's financial sector is facing higher market volatility risks along with lower prices of oil.

Wed, 30 May 2018 15:23:58 GMT

US Q1 growth revised lower

The US economy showed sightly weaker expansion pace than initially anticipated in the Q1 due to downward revisions to consumer spending and inventory investment.

Wed, 30 May 2018 15:23:24 GMT

AirAsia shares fall as India's probe threatens plans for IPO

AirAsia Group shares decreased after India's Federal Police filed the case against the company accusing the airline of corruption, threatening to delay Indian unit's IPO and international expansion.

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