News

Note: This section contains information in English only.
Fri, 27 Jul 2018 05:01:43 GMT

SoftBank to start digital payments service in Japan

In a statement released on Friday SoftBank said it will combine efforts with Paytm in order to develop a mobile payments system for Japanese market via a joint venture with Yahoo.

Fri, 27 Jul 2018 04:08:48 GMT

Kim appoints new military Chief of Staff

The North Korean state news agency KCNA wrote on Friday that Ri Yong Gil was appointed as the new Chief of the General Staff, thus representing another change the country's leadership.

Fri, 27 Jul 2018 04:02:31 GMT

Japan wants to identify problems in global economy

The Finance Minister of Japan Taro Aso stated on Friday he planned to use the upcoming G20 meeting in Osaka in 2019 to concentrate on identification of problems in the world economy.

Thu, 26 Jul 2018 18:50:25 GMT

Oil prices edges higher on EU-US trade talks

Oil prices strengthened on Thursday for the third consecutive trading session after trade tension between the EU and the United States eased.

Thu, 26 Jul 2018 18:50:10 GMT

President's Duda signs law to move changes in Supreme Court

Poland's President Andrzej Duda on Thursday signed into law an amendment clearing the way for the ruling party to announce the next chief of the Supreme Court despite objections by opposition parties.

Thu, 26 Jul 2018 18:09:38 GMT

Barnier rejects key elements of UK's customs plan after Brexit

On Thursday, EU Brexit negotiator Michel Barnier turn down key elements of UK's new trade proposals even as Britain's Brexit secretary Dominic Raab said he believes a deal will be reached by October.

Thu, 26 Jul 2018 18:02:28 GMT

Portugal's wants UK to welcome all European Union migrants after Brexit

On Thursday, Portugal's Foreign Affairs Minister Augusto Santos Silva told Britain it should consider keeping its doors open to "waiters and construction workers" after it leaves the EU.

Thu, 26 Jul 2018 17:18:00 GMT

European shares hit six-week high

On Thursday, European shares climbed to a six-week high as expectations of a breakthrough between EU-US talks boosted automakers.

Thu, 26 Jul 2018 17:12:47 GMT

Conservative Ohio Republican Jordan to run for House Speaker

On Thursday, Republican Rep. Jim Jordan announced his run for the Speaker of the United States House of Representatives if the Republican party keeps the majority after November mid-term elections.

Thu, 26 Jul 2018 16:05:27 GMT

Terra Firma plans sale of Italy's F2i for €1.3B

Terra Firma, the private equity investor, agreed on a sale of its Italy's solar portfolio RTR in a deal with the infrastructure fund F2i valued at $1.5B, the company stated on Thursday.

Thu, 26 Jul 2018 16:04:32 GMT

France has no objection over Linxens sale to China group

France's government stated it had no objection over acquisition of the country's smart chip component manufacturer Linxens by the Chinese top chip maker Tsinghua Unigroup.

Thu, 26 Jul 2018 14:56:01 GMT

Huawei Technologies to lift annual R&D spending up to $20B

On Thursday, China's Huawei Technologies stated it would raise its annual budget on the research and development to $15B-$20B amid its intention to become the world's leader in 5G network technology.

Thu, 26 Jul 2018 14:54:34 GMT

Google opens free Wi-Fi hotspots in Nigeria on Thursday

On Thursday, Google has launched free Wi-Fi hotspot network in Nigeria, as it seeks to boost the company's presence in the most populous nation in Africa.

Thu, 26 Jul 2018 14:14:45 GMT

Nigeria's 9mobile sale requires more time than expected

The takeover of Nigeria's 9mobile by the investment company Teleology Holdings is set to take more time to finalise than expected, the Nigerian fourth-biggest telecoms firm stated on Thursday.

Thu, 26 Jul 2018 14:09:28 GMT

Nokia's Q2 sales of IP routers held back by component shortages

Nokia's Chief Executive stated on Thursday the network equipment maker's Q2 sales of the IP routers were hit by the component supply shortages, falling as much as 9% to €592M.

Thu, 26 Jul 2018 13:02:57 GMT

Sika seeks speeding up M&A activity with larger deals

The Swiss chemicals firm Sika is ready to accelerate the activity of mergers and acquisitions, after a settlement of its bitter takeover fight with Sain-Goban, the CEO Paul Schuler stated on Thursday.

Thu, 26 Jul 2018 13:02:48 GMT

UNFI to acquire supermarket operator Supervalu for $2.9B

On Thursday, United Natural Foods Inc said it would acquire Supervalu, the US supermarket operator, in a deal worth around $2.9B, including debt.

Thu, 26 Jul 2018 11:56:43 GMT

NXP to buy back $5B stake as Qualcomm's deal fails

NXP Semiconductros announced on Thursday it was eager to repurchase $5.0B worth of shares, after its takeover deal with Qualcomm had fallen through amid lack of approval from China's commerce ministry.

Thu, 26 Jul 2018 11:56:32 GMT

Hindalco Industries' US arm to acquire Aleris in $2.6B deal

On Thursday, India's Hindalco Industries its US subsidiary Novelis is set to acquire the aluminium manufacturer Aleris Corp in a deal valued at $2.6B.

Thu, 26 Jul 2018 11:38:58 GMT

Chinese commerce ministry refuses to comment on Qualcomm deal

The Chinese commerce ministry has declined to provide ant comment regarding the Qualcomm-NXP Semiconductors takeover deal to clarify whether it had gained the approval.

Thu, 26 Jul 2018 11:34:45 GMT

Lundin Mining launches all-cash proposal to buy Nevsun

On Thursday, the Canadian Lundin Mining stated that it had officially begun a proposal to purchase Nevsun Resources for C$4.75 a share in cash, bringing the miner's value to about C$1.44B.

Thu, 26 Jul 2018 09:13:05 GMT

Gazit-Globe sells rest of Regency Centers shares for $61.95 each

Gazit-Globe, the Israeli real estate firm stated on Thursday it had sold the remaining 5.6M shares in Regency Centers in a deal valued at total $347M or $61.95 per share.

Thu, 26 Jul 2018 09:04:17 GMT

China watchdog approves Luxottica-Essilor merger deal

On Thursday, the Chinese markets regulator has granted its approval to the merger between the Italian eyewear Luxottica and French lens maker Essilor.

Thu, 26 Jul 2018 08:09:36 GMT

Acronic considers buyout approaches from two private equity groups

Acronic, the aluminium products maker, is weighing takeover approaches form two or more private equity firms, according to the Wall Street Journal's report on Wednesday.

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