News

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Mon, 28 May 2018 12:33:36 GMT

Verint seeks merging security division with Israeli NSO Group

The US-based software firm Verint Systems is in negotiations to merge the security division with NSO Group, Israel's cyber surveillance company, in a deal valued at around $1B.

Mon, 28 May 2018 11:35:21 GMT

Hero-Burman grants approval to Fortis to reopen bidding

On Monday, Burman Family Office and Hero Enterprise Investment Office consortium have granted an approval to Fortis Healthcare to reopen the bidding process, following shareholders' concerns over the chosen underdog.

Mon, 28 May 2018 11:31:55 GMT

Uber's India President to conduct Asia Pacific operations

Uber's President in India Amit Jain was appointed to head the ride-hailing service's Asia Pacific operations that include India, New Zealand, Australia, Hong Kong and Japan.

Mon, 28 May 2018 10:02:21 GMT

Oil continues to decline

As crude oil prices decreased on Monday, various media quoted various supply reasons. However, Dukascopy analysts noted that all commodity prices were declining due to the appreciation of the US Dollar.

Mon, 28 May 2018 10:01:42 GMT

Malaysian-Singapore rail project is stopped

The rail project, which would connect Kuala Lumpur and Singapore, has been dropped by Malaysian authorities.

Mon, 28 May 2018 09:29:04 GMT

Italian President to ask ex-IMF official to head stopgap government

The President of Italy is expected to call in the former official of International Monetary Fund to head the stopgap government due to a constitutional and political turmoil.

Mon, 28 May 2018 09:24:54 GMT

Pakistan appoints ex-Chief Justice Mulk as interim PM

On Monday, Pakistan has named Nasir Ul Mulk, the former Chief Justice, as the interim Prime Minister ahead of the general election set for July 25.

Mon, 28 May 2018 08:39:34 GMT

Germany raises hopes Italy to establish stable, pro-European govt

On Monday, Michael Roth, Germany's EU Minister, stated that Germany hoped Italy would form a stable, pro-EU government in the near future.

Mon, 28 May 2018 08:36:47 GMT

South Africa launches inquiry into $80M cryptocurrency scam

South Africa has launched an investigation into the alleged bitcoin scam that had defrauded investors of $80M with a promise of huge returns, which never materialised.

Mon, 28 May 2018 07:33:55 GMT

Iliad to hold press conference on Tuesday

Iliad, the French telecoms operator, is set to conduct a press conference on Tuesday in Milan, as it seeks to reveal its "revolution" of Italy's telecoms sector.

Mon, 28 May 2018 07:28:42 GMT

Japan's Abe defends carmakers against US import probe

On Monday, Japan's Prime Minister Shinzo Abe stated he would try to convince the US President Donald Trump of the major role the Japanese carmakers play in bolstering the US economy.

Mon, 28 May 2018 06:35:52 GMT

SoftBank, Swiss Re halts talks over minority stake

On Monday, Swiss Re stated it has halted the talks with SoftBank over potential minority investment by Japan's firm into the reinsurance company.

Mon, 28 May 2018 05:34:18 GMT

Pacific Sunwear considers merging with Eddie Bauer

Pacific Sunwear of California and Eddie Bauer are considering a merger to bolster their footprint amid a retail downturn in the Unites States, sources acknowledged with the matter reported.

Mon, 28 May 2018 05:18:56 GMT

France, Germany calls on EU to fund tech start-ups

Germany and France are pushing for the European Union funding of innovation and research in technology start-ups across the bloc to compete against the United States and China.

Mon, 28 May 2018 04:35:25 GMT

South Korea searches Samsung Securities head office

South Korea's prosecution has raided the head office of Samsung Securities, as part of an inquiry into the latest finger error of the brokerage.

Mon, 28 May 2018 04:30:24 GMT

Smiths Group considers merger of its medical division

The UK engineering company Smiths Group is in early talks over its medical division potential merger with the US-based ICU Medical, the British firm announced on Sunday.

Mon, 28 May 2018 02:54:36 GMT

Australia increases recall of Takata air bags to nearly 4M cars

Australia stated on Monday that the country was recalling an extra 1.1M cars equipped with Takata Corp air bags, raising the size of its largest ever obligatory recall to just under 4M cars.

Mon, 28 May 2018 02:54:22 GMT

China's CB hikes rate for 28-day reverse repo 5 bps

The People's Bank of China made a 5 bps interest rate increase for 28-day reverse bond repurchase agreements on Monday, matching prior hikes in other tenors in the last two-month period.

Mon, 28 May 2018 02:31:57 GMT

Blackstone offers $2.3B for Australian Investa Office Fund

Australian Investa Office Fund or IOF stated on Monday that it received an unsolicited non-binding buyout offer of $2.3B from the Blackstone Group.

Mon, 28 May 2018 02:28:23 GMT

UK May to urge Donald Trump to avoid protests in London during visit

Theresa May is set to urge the US President Donald Trump to avoid London protests during his Britain visit in July and meet the UK Prime Minister at her country residence.

Sun, 27 May 2018 20:32:50 GMT

Total's unit Saft to invest over €200M in NEXGEN battery

France's battery producer and oil and gas giant Total's unit Saft announced on Friday it would invest more than €200M in the next generation EU battery alliance project.

Sun, 27 May 2018 20:24:23 GMT

Tesla to speed up battery production for Model 3 sedan

Tesla flew six aircraft packed with equipment and robots to California from Europe in its efforts to speed up the battery production for the Model 3 sedan, according to Reuters.

Sun, 27 May 2018 19:34:36 GMT

T-Mobile gets advice on Sprint merger from ex-Tump campaign leader

T-Mobile US stated it was receiving an advice on the proposed merger with Sprint valued at $26B from the President Donald Trump's former campaign manager Corey Lewandowski and a few other election team's members.

Sun, 27 May 2018 19:26:11 GMT

EU privacy regulations come into effect on Friday

The European new privacy measures came into force this Friday, making the companies to become more attentive to managing their customer private data.

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