News

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Tue, 31 Jul 2018 10:06:25 GMT

Euro area inflation reaches 2.1% in July

Eurostat reported on Tuesday that inflation in the Euro zone rose 2.1% year-on-year in July, with the highest annual rate being for energy, food, alcohol and tobacco.

Tue, 31 Jul 2018 10:00:42 GMT

EU puts sanctions on six Russian firms over Crimea bridge construction

The European Union has frozen assets of six Russian companies in relation to them being involved in the construction of a bridge connecting the Crimean peninsula and Russia.

Tue, 31 Jul 2018 09:36:55 GMT

Vedanta's chairman proposes $1.0B to take miner private

Vedanta Resources' Chairman Anil Agarwal has made a proposal on Tuesday of a $1.0B in cash to acquire London's miner private.

Tue, 31 Jul 2018 09:33:14 GMT

SKF plans divestment of linear and actuation arm in deal with Triton

On Tuesday, the global producer of industrial bearings SKF stated it agreed to a divestment of its actuation and linear technology business unit in a $314M deal with the investment firm Triton.

Tue, 31 Jul 2018 08:24:39 GMT

Oil firm Total Gabon sells its stake in Rabi-Kounga field

The oil group Total Gabon sold its 32.9% stake in Rabi-Kounga, the field in the Gabon's Southern onshore region, in a deal worth about $100M.

Tue, 31 Jul 2018 08:20:30 GMT

Sinochem Energy files for $2.0B HK IPO

China's Sinochem Energy has filed on Tuesday for an initial public offering in Hong Kong of around $2.0B, seeking to increase its capital due to a shift to the higher-value businesses.

Tue, 31 Jul 2018 07:32:38 GMT

Investors views possible JLIF offer too low

Investors owning about 10% of John Laing Infrastructure Fund are viewing the potential cash buyout bid valuing the firm at $1.85B too low, sources reported.

Tue, 31 Jul 2018 07:26:05 GMT

Petrofac plans 49% stake sale in Mexican operations

Petrofac, Britain's oilfield services provider, stated this Monday it would sell 49% of its Mexican operations to Perenco International for an undisclosed amount.

Tue, 31 Jul 2018 06:09:13 GMT

Cemig thinks over strategic alliance in Light deal

Companhia Energetica de Minas Gerais, Brazil's state-owned electricity utility, is thinking over a strategic alliance, as it is planning to divest its Light SA's stake, the firm's CFO stated on Monday.

Tue, 31 Jul 2018 06:05:10 GMT

SocGen plans Belgian private bank unit sale to ABN AMRO

On Monday, Societe Generale stated it would sell its Belgian private banking unit to the Dutch bank ABN AMRO, not providing any further information over the deal.

Tue, 31 Jul 2018 04:51:28 GMT

Samsung Electronics profits slow down growth

The profits of Samsung Electronics have had the slowest growth during the last quarter in almost more than a year.

Tue, 31 Jul 2018 04:51:06 GMT

Huawei profits surge by 15 percent

Huawei Technologies on Tuesday announced that the company's first half revenue has increased by 15%, compared to the same period last year.

Tue, 31 Jul 2018 04:32:49 GMT

Zimbabwe opposition leader leads elections

The leader of the Zimbabwe opposition on Tuesday revealed that polls show that the opposition has done very well and will form the next government.

Tue, 31 Jul 2018 04:32:12 GMT

US detect activity in North Korean ICBM factory

On Tuesday early morning, US spy satellites detected activity at the North Korean facility that built the country's ICBMs.

Tue, 31 Jul 2018 02:55:29 GMT

China's factory expansion slows in July

Growth in the Chinese manufacturing sector slowed more than anticipated in July, as bad weather and the worsening trade conflict with the US weighed on factory activity.

Tue, 31 Jul 2018 02:50:23 GMT

Japan's jobless rate grows to 2.4 in June

The Japanese jobless rate rose to 2.4% from 2.2% in June, while the jobs' availability improved to the strongest in more than four decades, the report by the Internal Affairs Ministry revealed.

Mon, 30 Jul 2018 19:01:52 GMT

Senator Paul backs Trump Supreme Court pick

Republican Senator Rand Paul said on Monday that he will support President's Donald Trump Supreme Court nominee Brett Kavanaugh.

Mon, 30 Jul 2018 19:00:06 GMT

Zimbabwe election underway in first post-Mugabe poll

On Monday, Zimbabweans are voting in their first election since former President Robert Mugabe was removed from office.

Mon, 30 Jul 2018 18:06:17 GMT

WSJ: Tesla plans to build Gigafactory in Europe

On Monday, Wall Street Journey reported that Tesla Inc is in talks with authorities in Netherlands and Germany to build its first main European factory.

Mon, 30 Jul 2018 18:06:01 GMT

WSJ: AmEx raises exchange rates for business customers without warning

Wall Street Journal reported on Monday that American Express Co raised currency exchange rate for business clients without informing its customers to boost revenue.

Mon, 30 Jul 2018 17:05:11 GMT

Spain to invest $35 million as basic costs to manage migration

The Spanish government aims to invest 30 million euros as an emergency plan to manage the seaborne migration from North Africa.

Mon, 30 Jul 2018 17:00:11 GMT

US Dollar declines against Yen as investors awaits BoJ decision

The Japanese Yen edged higher against the US Dollar on Monday, as traders and investors awaited the Bank of Japan's policy decision after the conclusion of a two-day meeting.

Mon, 30 Jul 2018 16:19:19 GMT

Credit Suisse to move 50 jobs to Spain due to Brexit

On Monday, Credit Suisse claimed that it is planning to shift 50 jobs to Madrid from London as a part of its strategy to keep doing operations in the EU after the UK leaves the block in the next year.

Mon, 30 Jul 2018 16:14:42 GMT

Tesla considers opening major factory in Europe

On Monday, the Wall Street Journal reported that electric car maker Tesla Inc is in talks with Dutch and German authorities to open its first major factory in Europe.

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