News

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Tue, 21 May 2019 14:30:56 GMT

Norges Bank acquires UK's Metro Bank

Norwegian sovereign wealth fund, Norges Bank, acquired a stake of 3.10% in Britain's Metro Bank, after the UK lender attracted $476.10M to boost its balance sheet.

Tue, 21 May 2019 12:29:02 GMT

PNB likely to gain control over 2-3 state-run banks

The Indian Punjab National Bank is likely to gain control over two or three state-run banks, which could include Allahabad Bank, Andhra Bank and Oriental Bank Of Commerce, according to Reuters.

Tue, 21 May 2019 12:23:00 GMT

Majestic Wine's retail business lures suitors

On Tuesday, Majestic Wine stated that its retail business was attracting many suitors, following the UK specialist wine company's announcement made a month ago about its intention to sell the arm to focus online.

Tue, 21 May 2019 11:35:05 GMT

Crane seeks acquiring Circor for $1.7B

Crane Co, the US industrial products maker, stated on Tuesday it had made an offer to acquire smaller competitor Circor International in a deal worth at $1.7B.

Tue, 21 May 2019 11:31:27 GMT

Merck to acquire Peloton in $1.05B cash-deal

On Tuesday, Merck & Co stated it would acquire the cancer drug developer Peloton Therapeutics in a cash deal valued at $1.05B, seeking to receive access to the firm's renal cancer medication candidate PT2977.

Tue, 21 May 2019 10:35:00 GMT

British factories experience decline

During the early hours of London's trading session the GBP/USD declined due to UK factories reporting a record decline in orders since late 2016.

Tue, 21 May 2019 10:34:37 GMT

Tesla might trade at $10

On Tuesday, it was announced by Morgan Stanley that in their worst case scenario model Tesla stock could trade at $10 per share.

Tue, 21 May 2019 09:39:02 GMT

Businessman Veyrat considers Neoen sale to Engie

France's businessman Jacques Veyrat is considering a 50% stake sale of the renewable energy company Neoen to Engie, seeking for small stake in the utility in return, according to BFM Business.

Tue, 21 May 2019 09:32:05 GMT

Hinduja Group weighs bid for Jet Airways

On Tuesday, India's Hinduja Group stated it was considering a potential bid for the debt-laden Jet Airways, responding to Reuters, following the Economic Times report the firm would launch the bidding process this week.

Tue, 21 May 2019 07:02:25 GMT

Spain's DIA signs rescue deal with Santander

The Spanish retailer DIA signed an agreement with Santander to secure financing, its new owner LetterOne stated in a statement, preventing the risk a necessity to launch insolvency proceedings.

Tue, 21 May 2019 06:55:54 GMT

FamilyMart seeks to end China JV with Ting Hsin

FamilyMart, Japan's convenience store operator, is seeking to halt a 15-year-long joint venture with the Chinese Ting Hsin International over contractual disputes, according to the Nikkei report seen on Tuesday.

Tue, 21 May 2019 04:42:21 GMT

Donald Trump comments on trade

During a speech in Pennsylvania on Monday, US President Donald Trump announced that the US-China trade war has strengthened the US industries.

Tue, 21 May 2019 04:41:49 GMT

Hong Kong will issue green bonds

On Tuesday, Hong Kong officials announced that the former UK colony is looking to raise up to one billion USD by issuing five-year term green bonds.

Tue, 21 May 2019 04:35:14 GMT

Asian stocks surge on Tuesday

During the Asian trading session on Tuesday, Asian stock indices gained value. The surge was occurring despite the Huawei stock sell off that occurred due to US restrictions set on the company.

Tue, 21 May 2019 04:34:46 GMT

US airlines expect record travel

On Tuesday, a group of US airlines announced that they expect record travel numbers during this summer.

Tue, 21 May 2019 03:01:48 GMT

Japan FinMin: GDP growth not bad in Q1

Taro Aso, the Japanese Finance Minister, stated that the gross domestic product's growth in the first quarter was not bad, while that the country's economic fundamentals remained strong.

Tue, 21 May 2019 03:01:40 GMT

Daimler to diminish administration costs

Incoming boss of Daimler, Ola Kaellenius, was working on a program to cut administration costs 20% in order to reach targets of profit threatened by issues at factories and global trade woes, Handelsblatt reported, citing sources.

Tue, 21 May 2019 02:34:39 GMT

US eases some restrictions on Huawei

The US government temporarily eased some of restrictions imposed last week over China's Huawei in a move to minimise disruption for the company's customers and keep phones, networks operating.

Tue, 21 May 2019 02:30:42 GMT

GM: most new cars to get over-the-air upgrades

General Motors announced that most of its cars are set to be capable of over-the-air upgrades by 2023, as it rolled out new car electrical systems designed to handle software downloads and heavy data traffic from the internet.

Mon, 20 May 2019 21:36:08 GMT

FDI in Bulgaria declines

Bulgaria's foreign direct investment declined $225.45M in the first quarter of the current year, a preliminary data published by the Bulgarian National Bank shows.

Mon, 20 May 2019 21:36:00 GMT

Indonesia expects 5.6% growth in 2020

Indonesia wants to achieve an economic growth of 5.6% in 2020 after a 5.17% growth the previous year, the Indonesian Finance Minister Sri Mulyani says.

Mon, 20 May 2019 18:46:15 GMT

Jaguar Land Rover announces $4.6B annual loss

Jaguar Land Rover made a yearly loss of $4.58B in its last fiscal year, despite a net revenue of $153M in the final three months, the company reports.

Mon, 20 May 2019 18:45:42 GMT

Omani FM meets with Iranian counterpart

The Omani Minister of Foreign Affairs Yusuf bin Alawi bin Abdullah arrived in Tehran to discuss bilateral ties with his Iranian counterpart Mohammad Javad Zarif.

Mon, 20 May 2019 18:29:27 GMT

Nigeria economy expands in Q1

The Nigerian economy expanded 2.01% in the first quarter of 2019, compared to the same period the previous year, the National Bureau of Statistics reports.

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