News

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Fri, 13 Apr 2018 12:20:08 GMT

Mylan in talks to buy Merck's consumer health business

Mylan, a generic drug maker, is in advanced talks to buy the German Merck's consumer health business unit, as other bidders failed to live up to the firm's price expectations.

Fri, 13 Apr 2018 09:59:17 GMT

Chinese bank lending boosted in March

The People's Bank of China reported on Friday that Chinese banks issued 1.12T Yuan ($178B) of new loans in March, compared to 839.3B Yuan during the preceding month.

Fri, 13 Apr 2018 09:59:09 GMT

Zimbabwe to sell shares in 35 state-owned companies

Zimbabwe planned to sell its stock in 35 state-owned companies as a part reforms intended to enhance the country's economy, said the Finance Minister Patrick Chinamasa.

Fri, 13 Apr 2018 09:35:15 GMT

VW's new CEO Diess to review asset sales

The new Chief Executive of Volkswagen Herbert Diess announced on Friday he would consider asset sales and aimed to convert the multi-brand conglomerate to a slimmed down group with strong brands.

Fri, 13 Apr 2018 09:31:03 GMT

Dessault seeks to take lead on EU fighter jet project development

The French Dessault Aviation's CEO stated the company was seeking for a lead role in the EU new fighter jet project, established by the French and German companies, including Safran, MBDA and Airbus.

Fri, 13 Apr 2018 08:35:43 GMT

Permira to acquire Exclusive Group's majority stake

On Friday, the private equity firm Permira stated it would acquire a majority stake of the cyber security company Exclusive Group in a deal worth about $4.60B.

Fri, 13 Apr 2018 08:31:35 GMT

SJM Holding's Stanley Ho to retire as chairman

One of the richest men in Asia and Macau gaming industry's pioneer Stanley Ho is planning to retire as SJM Holding's chairman at its annual general meeting scheduled for June 12.

Fri, 13 Apr 2018 07:37:21 GMT

VW's senior labour official supports Diess as new head

On Friday, the top labour representative of Volkswagen supported Herbert Diess as the automaker's new CEO, as well as a decision to prepare VW's truck business for a presumable listing.

Fri, 13 Apr 2018 06:37:29 GMT

Yahoo Japan plans buying minority stake in Tokyo's cryptocurrency exchange

Yahoo Japan is planning to acquire a minority stake of 40% in the cryptocurrency exchange based in Tokyo, the company said on Friday.

Fri, 13 Apr 2018 06:34:40 GMT

Rolls-Royce to speed up Trent 1000 engines inspection

On Friday, Britain's Rolls-Royce stated it would speed up the inspections of the Trent 1000 engines that could lead to higher costs and extra disruptions for customers.

Fri, 13 Apr 2018 05:08:28 GMT

US court says Uber drivers are not firm's employees

The US District Judge Michael Baylson ruled on Wednesday that limousine drivers working for Uber Technologies Inc are freelancers rather than company's employees under the US federal law.

Fri, 13 Apr 2018 05:01:07 GMT

Trump considers joining TPP

The US President Donald Trump stated on Thursday that America would join the Trans-Pacific Partnership (TPP) agreement only if partners offered "substantially better" terms than the one proposed to his predecessor.

Fri, 13 Apr 2018 04:27:22 GMT

RBA says Australians copy with financial difficulties

The Reserve Bank of Australia (RBA) stated on Friday that thanks to recent regulatory measures accumulation of risks from large consumer debt and predatory bank lending practices has slightly eased.

Fri, 13 Apr 2018 04:18:17 GMT

Trump orders to assess US Postal Service

The US President Donald Trump ordered on Thursday to create an ad hoc task force that will review the work of the US Postal Service in light of recent scandal with Amazon's deliveries.

Fri, 13 Apr 2018 03:26:29 GMT

Singapore's Central Bank tightens policy for first time since 2012

The Central Bank of Singapore announced the decision to tighten monetary policy for the first time since 2012, adding that the economy is set to keep growing even with risks form the US-China trade dispute.

Fri, 13 Apr 2018 03:23:24 GMT

China trade surplus with US grows 19.4% in Q1

Chinese trade surplus with the US increased 19.4% in the March quarter to $58.25B from the same quarter a year earlier.

Fri, 13 Apr 2018 02:24:50 GMT

AT&T economist: Time Warner merger good for consumers

Merger of AT&T with Time Warner is likely to save consumers some money, as more efficient company could be created, AT&T economist stated in court.

Fri, 13 Apr 2018 02:22:46 GMT

Japan's Aso to welcome fresh look by US at TPP

Taro Aso, the Finance Minister of Japan, stated that he would welcome the US decision to consider rejoining the TPP.

Thu, 12 Apr 2018 19:53:04 GMT

Russia calls for UN meeting on Syria on Friday

On Thursday, Russia called for the UN Security Council to meet this Friday to discuss the situation in Syria.

Thu, 12 Apr 2018 19:52:13 GMT

Britain, EU to start post-Brexit trade talks next week

Official sources reported on Thursday that Britain and the EU would start negotiations next week on their post-Brexit trade relationship.

Thu, 12 Apr 2018 18:56:24 GMT

Sri Lanka's President prorogues Parliament until May

Official sources reported on Thursday that Sri Lanka's President Maithripala Sirisena prorogued the Parliament until May 8, after several ministers tendered their resignations.

Thu, 12 Apr 2018 18:55:34 GMT

Audi to be excluded from VW management overhaul

The VW Group reported on Thursday that it would overhaul management of all its sport car making units except Audi.

Thu, 12 Apr 2018 18:19:27 GMT

US and North Korea discuss planned Trump-Kim meeting

The US President Donald Trump reported on Thursday that the United States and North Korea were in "detailed" talks on the planned meeting.

Thu, 12 Apr 2018 18:14:15 GMT

Bitcoin hits two-week highs

On Thursday, cryptocurrencies posted strong gains, led by the Bitcoin, which jumped 11% to $7,705, the highest level since March 29.

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