News

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Mon, 16 Apr 2018 13:57:42 GMT

Russia to consider counter-sanctions against US

On Monday, Russian news agency Interfax claimed that lower house of Russian parliament is planning to consider legislation of counter-sanctions in relation to new US sanctions in the next month.

Mon, 16 Apr 2018 13:22:11 GMT

US retail sales of automobiles increase in March

On Monday, the US Department of Commerce claimed that retail sales of motor vehicles have increased 0.6% after 0.1% decrease in February, with a 4.5% growth from a year ago.

Mon, 16 Apr 2018 13:12:56 GMT

US bans American companies from selling to ZTE

On Monday, the US Department of Commerce banned american enterprises from selling components to Chinese telecom giant ZTE for seven years due to the violation of US sanctions.

Mon, 16 Apr 2018 12:17:21 GMT

Warburg Pincus considers investment in Ant's $8B funding round

Warburg Pincus is in negotiations to invest in a funding round for the Chinese firm Art Financial Services Group that is seen to be worth no less than $8B, source familiar with the issue reported.

Mon, 16 Apr 2018 12:13:24 GMT

Carl Icahn announces sale of Tropicana Casinos for $1.85B

Carl Icahn, the hedge fund manager, is selling the majority of the Tropicana Entertainment casino business's operations and properties in a deal valued at $1.85B, Icahn Enterprise said on Monday.

Mon, 16 Apr 2018 10:51:12 GMT

Sanofi agrees to sell 12 brands portfolio to Cooper-Vemedia

France's drugs and healthcare group Sanofi is set to sell its 12 pharmaceutical brands to Charterhouse Capital's Cooper-Vemedia for $195M, both companies announced on Monday.

Mon, 16 Apr 2018 10:51:01 GMT

India's Ola to add 10K electric three-wheelers to its fleet

India's ride-hailing company Ola announced it would add 10K electric three-wheelers to the fleet within a year on the back of its plan to promote e-vehicles' use.

Mon, 16 Apr 2018 09:57:37 GMT

Strike on Syria impacts financial markets

The effect of the strikes on Syria could be seen on Monday, as bond yields increased while the price of oil declined.

Mon, 16 Apr 2018 09:56:55 GMT

UN expresses opinion on Maldives election

A UN Human Rights Committee on Monday announced that the ex-president of Maldives must be allowed to run in the next presidential election.

Mon, 16 Apr 2018 09:28:11 GMT

Italy's Calenda says Vivendi is "awful" investor in TIM

The Italian Industry Minister Carlo Calenda called Vivendi an "awful" investor for Telecom Italia, as the phone group had already lost a quarter of the market value since Vivendi took a stake in 2015.

Mon, 16 Apr 2018 09:18:22 GMT

Russia not to delay its response to US sanctions

According to the Russian Deputy Minister Sergei Ryabkov, Moscow is not planning to postpone adopting legislation that could restrict or ban the US imports in retaliation to new Washington's sanctions.

Mon, 16 Apr 2018 08:38:16 GMT

Adecco Group to acquire US tech provider General Assembly

Swiss staffing firm Adecco Group is acquiring General Assembly, the US technology education provider, in a deal worth $412.5M, the company announced on Monday.

Mon, 16 Apr 2018 07:16:51 GMT

Charlesbank, Partners Group nearing deal to buy Hearthside Food

The private equity firms Charlesbank and Partners Group are getting closer to their acquisition deal of the US contract manufacturer Hearthside Food Solutions worth over $2.4B, including debt.

Mon, 16 Apr 2018 07:12:55 GMT

Servier to buy Shire's oncology business for $2.4B

On Monday, the London-listed pharmaceuticals firm Shire announced it would sell its oncology business to France's drug maker Servier for $2.4B.

Mon, 16 Apr 2018 06:32:41 GMT

US recalls over 200M eggs amid salmonella fears

According to the US Federal Food & Drug Administration, about 207M eggs from the North Carolina's farm were recalled in the nine US states, following 22 incidents with people falling in.

Mon, 16 Apr 2018 06:28:56 GMT

Queen Elizabeth names Prince Harry as youth ambassador for Commonwealth

On Sunday, Britain's Prince Harry was appointed as the Commonwealth youth ambassador by Queen Elizabeth to encourage young folks to use the network.

Mon, 16 Apr 2018 04:59:58 GMT

Australia's Ellerston buys 5.1% stake in Fletcher Building

The Australian investment company Ellerston Capital has bought a 5.1% stake in the New Zealand's biggest construction firm Fletcher Building, sending the builder's shares up 2.52% to NZ$6.50.

Mon, 16 Apr 2018 04:54:37 GMT

Ex-Japan PM Koizumi sees Abe's resignation in June

The former Japanese Prime Minister Junichiro Koizumi stated on Monday that the current leader Shinzo Abe would likely resign in June amid suspected cronyism rows and cover-ups.

Mon, 16 Apr 2018 04:38:04 GMT

American Airlines renews flying routes over Russia's airspace

American Airlines resumed its flying operations over the Russian airspace on Sunday after one-day halt amid its monitoring of the "global geopolitical issues".

Mon, 16 Apr 2018 04:35:10 GMT

New US National Security aide quits two days after being named

On Sunday, the US Vice President Mike Pence's new National Security aide stepped down, two days after the official appointment, following the White House's "behind-the-scenes" argument that hit the headlines.

Mon, 16 Apr 2018 03:31:32 GMT

Goldman buys Clarity Money, personal finance start-up

Goldman Sachs Group bought Clarity Money, a free application for managing personal finances, in a bid to boost the company's Marcus online lending activities.

Mon, 16 Apr 2018 03:27:29 GMT

Visa: UK consumers diminish spending on further inflation squeeze

Payments firm Visa stated that the UK consumers cut spending by the most in the five-year period in early 2018, as ongoing squeeze on budgets and heavy snowfalls to hit retailers.

Mon, 16 Apr 2018 02:14:57 GMT

Tencent-backed app seeks $4B IPO in US

Meilishuo, the Tencent-backed fashion application, was in negotiations about the US initial public offering, targeting a $4B initial valuation.

Mon, 16 Apr 2018 02:14:10 GMT

Japan, China hold first negotiations in eight years

China and Japan held high-level economic talks for the first time in eight years in the context of the trade war between the US and China.

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