News

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Thu, 02 Aug 2018 19:39:46 GMT

Israel warns about military response if Iran blocks Bab al-Mandeb strait

On Wednesday, the Prime Minister of Israel Benjamin Netanyahu claimed that Israe lwas ready to deploy its army if Iran was to block the Bab al-Mandeb strait which leads to the Red Sea.

Thu, 02 Aug 2018 19:32:07 GMT

Mexico Economy Minister says talks with US to cover NAFTA issues

On Thursday, the Economy Minister of Mexico Ildefonso Guajardo claimed that talks with the US regarding the North American Free Trade Agreement (NAFTA) will cover all current disagreements between Mexico and the US on trade.

Thu, 02 Aug 2018 18:39:34 GMT

US Senator Paul to meet Russian Deputy Foreign Minister Ryabkov

On Thursday, Russian state-owned news agency Interfax reported that US senator Rand Paul is planning to meet Deputy Foreign Minister of Russia Sergei Ryabkov on August 6 during the US delegation's trip to Moscow.

Thu, 02 Aug 2018 18:35:25 GMT

Apple becomes first $1T publicly listed company

On Thursday, Apple Inc became the first publicly listed US company with a market valuation of $1 trillion after it has reported its quarterly profit results which has lead to the stock jump by 2.8%.

Thu, 02 Aug 2018 17:38:09 GMT

Sonos Inc shares rise 23% in debut

Shares of the wireless speaker Pioneer Sonos Inc surged 23% to $18.50 in the market debut this Thursday, bringing its market value to $1.82B.

Thu, 02 Aug 2018 17:31:27 GMT

Gift and gadget chain Brookstone files for Chapter 11

Brookstone, the gift and gadget chain, filed for the Chapter 11 bankruptcy protection on Thursday in its second time during the last five years.

Thu, 02 Aug 2018 16:11:39 GMT

Babylon Health, Prudential agree exclusive partnership in Asia

The worldwide leading insurer Prudential agreed the exclusive digital partnership with the British healthcare and technology company Babylon to grant a digital tool access to its Asian customers to manage their health better.

Thu, 02 Aug 2018 16:05:05 GMT

Qualcomm seeks to raise $1.0B from chips for speakers, watches

Qualcomm is expecting to raise over $1.0B in sales this year from its semiconductors chips for connected speakers, smart watches and other electronic devices outside its main business of mobile phone chips.

Thu, 02 Aug 2018 15:21:50 GMT

Infineon signs MoA with Alibaba to promote IoT

On Thursday, the German firm Infineon Technologies stated it had inked a memorandum of understanding with Alibaba's cloud computing unit to promote the Internet of Things uses.

Thu, 02 Aug 2018 15:10:46 GMT

TransCanada profit falls in second quarter

TransCanada reported on Thursday its profit plunged 11% to C$785M in the second quarter, compared to C$881M a year earlier.

Thu, 02 Aug 2018 14:38:04 GMT

Defence supplier L3 Tech to merge sensor, aerospace businesses

On Thursday, L3 technologies, the defence equipment maker, stated it was set to combine its sensor systems and aerospace businesses to focus on surveillance, reconnaissance and intelligence products.

Thu, 02 Aug 2018 13:38:34 GMT

TransCanada to sell controlling stake in Quebec's Cartier wind power

TransCanada stated on Thursday it was planning a sale of its controlling stake in Quebec's Cartier wind power facilities for around $484M.

Thu, 02 Aug 2018 13:35:08 GMT

CVC ends talks over potential buy-out with Ingenico

CVC, the private equity group, has abandoned negotiations with Ingenico over a possible buy-out of a French payments firm due to a deal frenzy in the sector.

Thu, 02 Aug 2018 11:57:32 GMT

Cisco in discussion to acquire Duo Security

Cisco Systems is in advanced negotiations to buy the cyber security firm Duo Security, amid company's intention to expand its cloud computing offerings, sources close to the matter reported.

Thu, 02 Aug 2018 11:57:22 GMT

HNA Group seeks selling minority stake in Avolon

China's HNA Group is considering a sale of its minority stake in the aircraft leasing unit Avolon Holdings, seeking to get a full price for selling the shares.

Thu, 02 Aug 2018 11:38:21 GMT

Cipla Quality Chemical Industries seeks equity IPO, East African SE listing

On Thursday, Uganda's pharmaceuticals maker Cipla Quality Chemical Industries it sought a listing on the Uganda Stock Exchange and the initial public offering of its equity's part.

Thu, 02 Aug 2018 11:08:14 GMT

Billionaire Philip Day considers offer for UK House of Fraser

According to the Sky News report published on Thursday, the billionaire Philip Day is exploring a potential takeover deal of House of Fraser, the British retailer, seeking to save the firm from collapse.

Thu, 02 Aug 2018 09:59:32 GMT

Energy lifts European prices

Due to an increase of energy prices in the Euro zone the producer price index rose more than anticipated by various analysts surveyed by Bloomberg. Namely, there was an increase of 0.4% instead of the expected 0.3%

Thu, 02 Aug 2018 09:58:58 GMT

Observers condemn post-election violence in Zimbabwe

Commonwealth and British observers publicly condemned the use of force applied by the army after the Zimbabwean Presidential election.

Thu, 02 Aug 2018 09:37:00 GMT

Kaz Minerals to buy Russia's Baimskaya copper project amid expansion

The low-cost copper producer Kaz Minerals has agreed to acquire Russia's Baimskaya copper project located in the Chukotka region in a $900M cash and shares deal.

Thu, 02 Aug 2018 09:33:21 GMT

Impala Platinum considers selling South Africa's shafts set for closure

The miner Impala Platinum is likely to sell its South Africa's shafts that are set for closure, after the firm announced 13K job cuts within the following two years.

Thu, 02 Aug 2018 08:37:52 GMT

Britain's Countrywide to attract $183M from discounted share deal

On Thursday, the UK estate agent Countrywide announced it was planning to raise $183M from from its share discounted placement, amid the firm's intention to halve the debt after a sharp fall in core earnings.

Thu, 02 Aug 2018 08:32:01 GMT

Japan's Dentsu plans kakaku.com stake sale for $734M

Dentsu, the Japanese advertising agency, stated on Thursday it had agreed to sell its 16.6% stake in the price comparison website kakaku.com to KDDI Corp in a $734.57M deal.

Thu, 02 Aug 2018 07:28:06 GMT

Sonos prices its IPO below range

The US wireless speaker company Sonos has priced its IPO ON Wednesday below the targeted range amid muted investor reception.

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