News

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Mon, 06 Aug 2018 08:27:08 GMT

Iran relaxes currency rules ahead of US sanctions

On Sunday, Iranian state TV reported that the government will ease its foreign currency exchange rules in a bid to stop a collapse of Rial that has lost almost half of its value since April.

Mon, 06 Aug 2018 08:23:50 GMT

Japan and China shares swing to red as Asian stocks cut gains

Asian shares cut gains on Monday as China's stocks fell into negative territory, as trade tension between US-Sino dragged on.

Mon, 06 Aug 2018 07:29:21 GMT

Randa raises bid for Perry Ellis International to $459M

Perry Ellis International has received a sweetened buyout proposal that weekend from the men's fashion accessories producer Randa worth $458.6M that could become a superior offer.

Mon, 06 Aug 2018 07:25:33 GMT

Italy's Mediobanca to take stake in BFI Finance

Italy's investment bank Mediobanca is set to acquire a 19.9% stake in BFI Finance, the Indonesian consumer credit operator, via its wholly-owned Compass Banca unit.

Mon, 06 Aug 2018 06:33:44 GMT

Elliott denies report on having stake in Italian Mediobanca

The activist fund Elliott has denied it had built a 1% stake in Italy's investment house Mediobanca, disproving a report made by La Repubblica newspaper on Friday.

Mon, 06 Aug 2018 06:30:01 GMT

Party City rejects takeover bid from Chinese Meisheng Cultural

Party City Holdco, the US retailer, has rebuffed a takeover bid from China's producer of apparel and toys Meisheng Cultural & Creative, according to the sources familiar with the issue.

Mon, 06 Aug 2018 05:29:45 GMT

Australia's FMG reduces stake in smaller peer Atlas Iron

On Monday, Fortescue Metals Group, the Australian iron ore miner stated it had cut its stake in the smaller peer Atlas Iron by 8.53%, or $24.6M.

Mon, 06 Aug 2018 05:23:42 GMT

Australia's Amcor in negotiations to acquire US firm Bemis

According to the Wall Street Journal, Australia's packaging firm Amcor is in talks to acquire its US rival Bemis Co, sending the American packaging firm's shares up 11.27% to $51.53.

Mon, 06 Aug 2018 03:12:35 GMT

Saudis freeze trade with Canada for urging release of activists

Saudi Arabia is set to suspend investment and new trade with Canada after that country's Fin-Min urged Riyadh to release civil rights activists, which were arrested, the statement showed.

Mon, 06 Aug 2018 03:02:55 GMT

OCBC reports better-than-expected profit

Profit of Oversea-Chinese Banking Corporation grew more than analysts anticipated, climbing 16% to $884M, as lending income rose and loan allowances decreased.

Sun, 05 Aug 2018 20:07:05 GMT

Iran to ease FX rules

According to local TV, the Iranian government is planning to ease foreign currency exchange rules in an attempt to mitigate the loss of value of its currency in result of the American sanctions.

Sun, 05 Aug 2018 20:04:16 GMT

Head of CBS Entertainment defends company

The President of CBS Entertainment Kelly Kahl on Sunday tried to defend company's executive Leslie Moonves claiming that the network is dedicated to maintain a safe workplace.

Sun, 05 Aug 2018 19:06:33 GMT

Saudi Arabia grants visa to Iranian official

According to sources familiar with the matter, Saudi Arabia agreed on Sunday to issue visa to Iranian diplomat who will head an office responsible for representation of the country's interests in Riyadh.

Sun, 05 Aug 2018 19:03:05 GMT

Iran holds Gulf drills

According to the state news agency IRNA, the Iranian Revolutionary Guards held military drills in the Persian Gulf practicing confrontation of potential threats from adversaries.

Sun, 05 Aug 2018 18:07:13 GMT

US denies involvement in attack on Maduro

The National Security Adviser to the White House John Bolton denied on Sunday any allegation of the US involvement into failed drone attack on Venezuelan President Nicolas Maduro.

Sun, 05 Aug 2018 18:02:03 GMT

US to invest $300M into Indo-Pacific region

The US Secretary of State Mike Pompeo confirmed on Sunday that the American government will invest $300M into the Indo-Pacific region in order to restrain China's growing presence.

Sun, 05 Aug 2018 17:02:01 GMT

Iran detains ex-central bank official

The Iran's judiciary Spokesman Gholamhossein Mohseni Ejei said on Sunday that law enforcement agents have arrested an ex-Deputy Central Bank governor and five other foreign currency exchange dealers for economic offences.

Sun, 05 Aug 2018 17:01:54 GMT

South Sudan reaches peace with insurgents

The Foreign Minister of South Sudan Al-Dirdiri Mohamed reported on Sunday that the government has finally managed to reach a peace agreement with rival rebel group.

Sun, 05 Aug 2018 16:24:07 GMT

Qatari entrepreneurs to visit China

A group of Qatari entrepreneurs plan to visit China to investigate opportunities to improve their business, the newspaper Gulf Times reports.

Sun, 05 Aug 2018 16:23:21 GMT

China's Kweichow Moutai net profit surges

China's liquor maker Kweichow Moutai reported a 40.12% increase in net profit in the first half of 2018 thanks to improvements in supply.

Sun, 05 Aug 2018 15:08:51 GMT

Fujian to supply water to Kinmen

A 28 km water pipeline has been put into operation on Sunday, connecting mainland China province of Fujian with Kinmen, a small island attached to Taiwan.

Sun, 05 Aug 2018 15:08:08 GMT

13 Ebola cases in eastern DR Congo

Thirteen Ebola cases have been found, including three deaths, in the North-Kivu province of the Democratic Republic of the Congo, the ministry of health reports.

Sun, 05 Aug 2018 13:48:52 GMT

China's AnYang Iron & Steel net profit surges

AnYang Iron & Steel, a steel producer in China, reported a 3,562% increase in net income in the first half of 2018, data shows.

Sun, 05 Aug 2018 13:47:46 GMT

China's service consumption grows rapidly

Consumption in sectors including culture, tourism and sports increased rapidly in the first six months of 2018, the National Development and Reform Commission says.

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