News

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Tue, 07 Aug 2018 15:10:23 GMT

Survey: Canadian PMI worse than expected in July

According to a recent survey by Richard Ivey School of Business, the Canadian Purchasing Managers' Index fell to 61.8 in July, compared to the market estimate of 64.2.

Tue, 07 Aug 2018 14:37:23 GMT

Sweden's Ericsson, India's Rcom get approval for wireless assets sale

On Monday, India's Rcom and Sweden's Ericsson gained the Supreme Court's approval for its wireless assets sale to Reliance Jio in a deal valued at $80.06M.

Tue, 07 Aug 2018 14:33:40 GMT

Nissan Motor agrees on car battery unit sale to Envision

Nissan Motor agreed on its electric vehicle unit sale to China's renewable energy company Envision Group for a price that was not disclosed, the automaker reported.

Tue, 07 Aug 2018 13:37:55 GMT

India seeks telcos to manage Whatsapp, Facebook ban in case of misuse

India called on the local telecom operators to figure out how to block applications like Whatsapp and Facebook in case of any misuse.

Tue, 07 Aug 2018 13:33:22 GMT

India's Ola to start operating in Britain to rival Uber

On Tuesday, India's ride-sharing firm Ola stated it was eager to launch its operations in Britain in 2018, a couple of months after starting its services in Australia, as it seeks to outrace its rival Uber.

Tue, 07 Aug 2018 12:38:35 GMT

Kroenke takes Arsenal private as Usmanov agrees on sale

The US billionaire Stan Kroenke has won the $2.3B worth battle for Arsenal, after his Russia's competitor and minority investor Alisher Usmanov had agreed on its sale.

Tue, 07 Aug 2018 12:35:22 GMT

Baidu set to win against Google if US group returns to China

Baidu CEO stated on social media that the Chinese firm was ready to beat Alphabet's Google, if the US search engine titan re-entered China's market after leaving it eight years ago.

Tue, 07 Aug 2018 10:53:57 GMT

Frutarom shareholders approve $7.1B deal with IFF

Frutarom's shareholders accept $7.1B takeover by International Flavors & Fragrances, Israel's firm stated on Tuesday.

Tue, 07 Aug 2018 10:53:51 GMT

Saidoff gains control of Israeli Shikun & Binui

On Tuesday, the US-Israeli businessman Naty Saidoff has taken control of the Israeli biggest construction company Shikun & Binui, finalising an agreement with Arison Investments.

Tue, 07 Aug 2018 10:06:01 GMT

Philippine President to cancel $1.5B casino project

Rodrigo Duterte is set to cancel the $1.5B casino investment project in Manila by Landing International Development Ltd, the presidential spokesperson Harry Roque said on Tuesday.

Tue, 07 Aug 2018 09:57:08 GMT

German industrial production misses market estimates in June

The German Federal Statistical Office reported on Tuesday that the industrial production in Germany fell 0.9% in June, compared to a 2.4% increase in May.

Tue, 07 Aug 2018 09:39:08 GMT

Paul Drayson plans raising $78M via new AI drug research firm's IPO

Paul Drayson, Britain's biotech entrepreneur, is eager to attract $78M through a new AI drug research company's initial public offering, planning to list on the London AIM market the following week.

Tue, 07 Aug 2018 09:35:24 GMT

AnaCap acquires Slovenia's bank Nova KBM first loan portfolio

The specialist EU financial services private equity group AnaCap Financial Partners acquired on Monday the first loan portfolio and lien corporate debt from the Slovenian second largest bank Nova KBM.

Tue, 07 Aug 2018 08:18:22 GMT

SJW Group seeks to acquire Connecticut Water in $1.1B deal

On Monday, Connecticut Water Service and SJW Group announced they were switching from merger to acquisition accord, with SJW making a $1.1B all-cash takeover bid for the utility.

Tue, 07 Aug 2018 08:04:26 GMT

Australia's Wesfarmers agrees to sell last coal asset for $635M

Australia's Wesfarmers is quitting coal by selling the last coal asset in Bengalla thermal coal mine in a $635M deal with New Hope Corp.

Tue, 07 Aug 2018 07:06:46 GMT

Swissquote to acquire Luxembourg bank Internaxx

On Tuesday, Swissquote announced it would acquire the Luxembourg bank Internaxx in a deal worth $32M to gain access to the EU markets.

Tue, 07 Aug 2018 07:04:32 GMT

Mattress Firm considers filing for bankruptcy to shut stores

The US largest mattress retailer Mattress Firm is exploring a possible filing for bankruptcy with intention to get rid from expensive store leases and close some of its 3K locations.

Tue, 07 Aug 2018 06:26:12 GMT

China Poly Group raises takeover interest in Steinway

China Poly Group has raised an interest in acquiring the US hedge fund billionaire John Paulson-controlled conglomerate Steinway Musical Instruments, Bloomberg's report showed on Monday.

Tue, 07 Aug 2018 06:22:01 GMT

Dubai's DP World buys 100% of Unifeeder Group

On Tuesday, Dubai's port operator DP World DPW.DI announced it had bought 100% of the Danish logistics company Unifeeder Group in a deal valued at $762.6M.

Tue, 07 Aug 2018 05:15:24 GMT

Inflation in Philippines advances 5.7% in July

The Bangko Sentral ng Pilipinas reported on Tuesday that the annual inflation in the Philippines surged 5.7% in July, driven by higher transportation and food costs.

Tue, 07 Aug 2018 05:12:58 GMT

Pound falls to 11-month low

The Pound fell to a new 11-month low against the US Dollar overnight in response to concerns over the United Kingdom failing to strike a Brexit deal with the European Union.

Tue, 07 Aug 2018 04:09:43 GMT

ASIC widens supervisory power

The Australian Securities and Investments Commission, Australia's financial regulator, has been granted the power to place supervisors in financial firms to oversee decision making.

Tue, 07 Aug 2018 04:02:51 GMT

Japanese employees see 3.6% growth in average earnings

The Japanese Ministry of Health, Labour and Welfare reported on Tuesday that the average cash earnings rose by 3.6% in June year-on-year which is the fastest jump since January 1997.

Mon, 06 Aug 2018 20:38:43 GMT

Kosmos Energy agrees to buy DGE for $1.23B

Kosmos Energy is set to expand into the Gulf of Mexico by acquiring the deepwater gas and oil firm DGE in a deal valued at $1.23B.

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