News

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Mon, 30 Jul 2018 15:36:37 GMT

Germany investigates VW's former CEO's financial transfers

German prosecutors claimed that they are investigating whether ex-CEO of VW Martin Winterkor moved a part of the assets out for Germany after an inquiry regarding his role in pollution test scandal.

Mon, 30 Jul 2018 15:29:17 GMT

Caterpillar raises full-year profit outlook

On Monday, construction machinery company Caterpillar Inc reported that it raised its 2018 profit predictions after earnings in the second quarter beat market expectations. 

Mon, 30 Jul 2018 14:38:03 GMT

T-Mobile US, Nokia agree on $3.5B deal

Nokia agreed to supply $3.5B to T-Mobile US in the next generation 5G network gear, both companies announced on Monday.

Mon, 30 Jul 2018 13:37:05 GMT

EU grants clearance to Total Produce acquisition deal with Dole

On Monday, the European Union regulator has cleared the Ireland fresh food producer Total Produce's purchase of a 45% staje in the US peer Dole.

Mon, 30 Jul 2018 12:33:45 GMT

Erwin Hymer Group attracts interest from private equity

The family-owned group Erwin Hymer attracted interest from the private equity Centerbridge and KPS as the firm explores the stock market flotation that could value Germany's mobile home maker at $3.51B.

Mon, 30 Jul 2018 12:13:03 GMT

US Foods to acquire SGA's Food Group in $1.8B deal

US Foods Holding, the food distribution firm, announced on Monday it was set to acquire SGA's Food Group of Cos in a cash-deal valued at $1.8B amid its intention to expand in the US north-western part.

Mon, 30 Jul 2018 11:38:53 GMT

Williams Cos, Kkr to form JV to acquire Discovery Midstream for $1.2B

On Monday, the private equity company KKR announced it would establish a joint venture with the gas and oil producer Williams Cos to acquire Discovery Midstream in a deal with TPG Growth worth $1.2B.

Mon, 30 Jul 2018 10:06:23 GMT

British citizens regret Brexit votes

A recent survey has revealed that two thirds of all British voters think that the government will make a bad deal with the EU.

Mon, 30 Jul 2018 10:04:33 GMT

Oil prices surge on Monday

Global crude oil prices increased on Monday. However, gains were being limited by supposed fears of a trade war.

Mon, 30 Jul 2018 09:38:15 GMT

India looks at single regulator to address e-commerce issues

India is thinking over a single regulator for all its e-commerce-related issues managed in the country, as it seeks to remove legal fragmentation that is currently governing this sector.

Mon, 30 Jul 2018 09:35:06 GMT

GVC shares leap to record-high after clinching deal with MGM Resorts

On Monday, shares in GVC Holdings surged to the record high of 7.5% on the news it had clinched a deal to establish an online betting service in the US with the casino and hotel operator MGM Resorts.

Mon, 30 Jul 2018 08:35:04 GMT

Takeaway.com to acquire Israel's online food delivery service

Takeaway.com the EU online food delivery company, has clinched a deal to acquire Israel's online ordering firm 10bis from its founder Tamir Carmel and TA Associates for $157M in cash.

Mon, 30 Jul 2018 08:21:57 GMT

Australia's Healthscope plans Asian pathology operations sale

On Monday, Australia's hospital operator Healthscope stated it was planning a sale of its Asia pathology business unit to the private equity titan TPG Capital Management, seeking to bankroll growth plans and cut debt.

Mon, 30 Jul 2018 07:38:21 GMT

Two Chinese companies bid for Manuka Health

Two China companies bid for the New Zealand honey producer Manuka Health, valuing the firm about $300M, sources reported on Monday.

Mon, 30 Jul 2018 06:29:51 GMT

Swatch leaves annual Baselworld watch trade fair

According to the NZZ am Sonntag newspaper's report on Sunday, Swatch Group, the Swiss watch maker, is set to quit the annual Baselworld jewellery and watch trade fair starting from 2019.

Mon, 30 Jul 2018 06:29:00 GMT

Oerlikon agrees on its drive systems unit sale

On Monday, OC Oerlikon stated it had agreed on a sale of its drive systems segment to the US engineering firm Dana in a deal valued at £460.2M, after the Swiss firm had shelved a scheduled listing of the unit.

Mon, 30 Jul 2018 04:54:04 GMT

Swiss Mirelis to pay $10.25M to avoid US prosecution

According to the US Justice Department, Swiss financial and asset management company Mirelis Holding is set to pay $10.25M to the US to avoid possible prosecution for the tax-related criminal offenses.

Mon, 30 Jul 2018 04:53:51 GMT

France's SNCF has no plans for job cuts

SNCF, France's state railway monopoly, is not considering job cuts, following a report of €762M net loss in the year's first half, the firm's CEO stated.

Mon, 30 Jul 2018 04:35:59 GMT

NYC seeks to halt ride-sharing services

The City Council is seeking to make New York the first US city to halt Uber and other similar services, triggering protests from the ride-sharing companies.

Mon, 30 Jul 2018 04:35:02 GMT

France's CNP names new interim CEO

France's insurer CNP Assurances appointed Antoine Lissowski as a new interim Chief Executive to replace his predecessor Frederic Lavenir, who has resigned earlier this month.

Mon, 30 Jul 2018 02:31:52 GMT

Beijing to close 1K manufacturing comppanie by 2020

China's capital Beijing is set to close around 1K manufacturing firms by 2020 within a program targeting curbing smog and boosting income in neighbouring regions, state media stated.

Mon, 30 Jul 2018 02:28:06 GMT

China's factory growth cools slightly last month

Growth in the Chinese factory sector is anticipated to be slowed for a second month in a row in July due to softer domestic investment and the worsening trade war with the US clouding the outlook for external demand.

Sun, 29 Jul 2018 19:55:03 GMT

Iranian Rial weakens against US Dollar amid sanction expectations

The exchange rate of the Iranian Rial against the US Dollar reached a new low this Sunday in response to the upcoming US sanctions against Iran effective as of August 7.

Sun, 29 Jul 2018 19:54:23 GMT

Emaar Malls report 8% profit increase in H1 2018

Emaar Malls reported on Sunday that their profits rose 8% to $300M during the first half of 2018, compared to the same period in 2017, due to more visitors and boosted online sales.

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