News

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Tue, 14 Aug 2018 09:59:04 GMT

South African authorities investigate state attorneys

The South African authorities on Tuesday revealed that state attorneys are under investigations on allegations of defrauding billions of dollars.

Tue, 14 Aug 2018 09:58:18 GMT

China is angered at Trump's defence act

On Tuesday, Chinese authorities condemned the latest defence act signed by US President Donald Trump.

Tue, 14 Aug 2018 09:39:32 GMT

Sinochem seeks transferring WEPEC stake to PetroChina

China's chemicals and oil company Sinochem is in negotiations to transfer its WEPEC refinery stake of 33.6% to the state titan PetroChina.

Tue, 14 Aug 2018 09:36:34 GMT

Carlyle getting ready for $5.0B listing of Atotech

The buyout group Carlyle started preparations for the listing of the German chemicals group Atotech that could be valued at about $5.0B.

Tue, 14 Aug 2018 08:07:59 GMT

Stoxx Europe 600 edges higher on Tuesday

The benchmark index Stoxx Europe 600 gained 0.6% early on Tuesday, driven higher by companies from the chemicals and food-and-beverage sectors.

Tue, 14 Aug 2018 08:03:13 GMT

Lehman Brothers pays off $124.6B debt

Lehman Brothers Holding, the US investment bank that collapsed during the financial crisis, has paid off $124.6B in debt instead of the planned $65B due to stronger US economy.

Tue, 14 Aug 2018 07:26:02 GMT

California Water lifts takeover bid for SJW Group

On Monday, California Water Service Group stated it had raised its all-cash bid to acquire SJW Group by almost 3%, seeking to woo the company out of the proposed team-up with Connecticut Water Service.

Tue, 14 Aug 2018 07:11:01 GMT

Major Tesla shareholder Fidelity cuts stake during Q2

Fidelity Investments, the major Tesla shareholder, trimmed its stake in the luxury electric carmaker by 21% during the last quarter, ahead of the CEO Elon Musk's announcement about taking the company private.

Tue, 14 Aug 2018 06:35:26 GMT

Diebold Nixdorf hires Credit Suisse, Evercore for possible sale

Diebold Nixdorf, the ATM machine maker, hired the financial advisers Evercore and Credit Suisse, as it is looking for potential buyers to sell itself, according to a CNBC report.

Tue, 14 Aug 2018 06:31:09 GMT

NIO plans to attract $1.8B in first US IPO

NIO, China's electric car start-up, filed for a $1.8B initial public offering on Monday of its US depository shares, the first American listing by the Chinese carmaker.

Tue, 14 Aug 2018 05:08:03 GMT

Indonesia's FDI falls to $7.1B in Q2Y2018

The foreign direct investment in Indonesia fell from $8.1B to $7.1B during the second quarter of 2018 due to exchange rate volatility and concerns over US-China relations.

Tue, 14 Aug 2018 05:06:22 GMT

Trump signs $716B defence bill

The US President Donald Trump signed a defence bill worth $716B that would increase military spending and provide control over contracts with Huawei Technologies and ZTE Corp.

Tue, 14 Aug 2018 04:14:20 GMT

EUR/USD stands near one-year low on Tuesday

The Euro was trading near a one-year low against the US Dollar early on Tuesday, as investors remained worried about European banks being exposed to the weak Turkish Lira.

Tue, 14 Aug 2018 04:13:22 GMT

China's unemployment rate reaches 5.1% in July

The National Bureau of Statistics reported on Tuesday that the unemployment rate in China increased to 5.1% in July, compared to 4.8% during the preceding month.

Tue, 14 Aug 2018 02:58:37 GMT

Chinese investment growth below expectations

The Chinese fixed-asset investment growth weakened more than anticipated to 5.5% in the first seven months of 2018, in a sign of softening demand in the economy, data revealed.

Tue, 14 Aug 2018 02:58:18 GMT

Australian business conditions ease modestly in July

An index of Australia's business conditions eased slightly in July, though remained at levels compatible with strong activity. In the meantime, hiring intentions revealed a welcome bounce.

Tue, 14 Aug 2018 02:38:58 GMT

Foxconn results miss forecasts in Q2 before product launches

Taiwan's Foxconn, the top contract electronics producer and an Apple supplier, posted unexpectedly low quarterly net profit, expanding a downmove to the consecutive second quarter.

Tue, 14 Aug 2018 02:37:08 GMT

Hon Hai shares fall 1.9% on weak Q2 results

Shares of Hon Hai, the company based in Taiwan, fell 1.9% on Tuesday after the firm's results for the second quarter missed analyst estimates.

Mon, 13 Aug 2018 20:01:45 GMT

Emerging market currencies and Euro sinks on Turkish economic crisis

The Turkish economic woes sent the Euro to its lowest level in more than one year and hammered emerging market currencies.

Mon, 13 Aug 2018 19:59:47 GMT

Dow, S&P 500 edges lower, as Turkish turmoil continues

The Dow and the S&P 500 industrials declined on Monday, as global exposure of market worries arising from weak Turkey's currency spread to Wall Street.

Mon, 13 Aug 2018 19:08:17 GMT

Musk's talking to Saudi fund about buyout financing

On Monday, CEO Elon Musk said he has been discussing with Saudi Arabia's wealth fund and other likely backers about his plan to take the company private.

Mon, 13 Aug 2018 19:06:42 GMT

Peter Strzok is fired from FBI over Anti-Trump texts

On Monday, the FBI announced the firing of Peter Strzok. The agent, who sent text messages disparaging Donald Trump during the 2016 Presidential campaign.

Mon, 13 Aug 2018 18:24:24 GMT

Oil declines by 2%, as Crude inventories dwindle at Cushing

Oil prices fell lower on Monday after data showed crude inventories at the US delivery hub increased in the current week. Meanwhile, Crude stockpiles at Cushing have been declining.

Mon, 13 Aug 2018 18:18:43 GMT

Russian Rouble hits two-year low

The Russian Rouble reached a two-year low level against the US Dollar on Monday, as pressured from emerging market weighed heavily on the currency.

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