News

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Thu, 03 Jan 2019 14:35:58 GMT

Coca-Cola gets EU clearance for Costa acquisition

The European Union has cleared the Costa Coffee sale to the US drinks giant Coca-Cola from Britain's hotel and restaurant owner Whitbread, the EU Commission announced on Thursday.

Thu, 03 Jan 2019 14:25:22 GMT

Bristol-Myers to acquire Celgene for $74B

On Thursday, Bristol-Myers Squibb announced it would expand its portfolio with the acquisition of Celgene Corp worth about $74B, marking one of the largest merger deals in the cancer drug sector.

Thu, 03 Jan 2019 13:35:37 GMT

Brazil's BRF completes sale of Argentinian unit to Marfrig

BRF the Brazilian food processor, finalised the sale of 92% of its Argentinian division Quickfood SA, worth $60M, to the meat distributor Marfrig Global Foods.

Thu, 03 Jan 2019 12:57:54 GMT

Arconic's shares up on potential buyout by Apollo Global

Arconic's shares surged as much as 9.7% after Bloomberg's report that the US aluminium products maker had entered talks with Apollo Global Management over a potential buyout worth around $22 per share.

Thu, 03 Jan 2019 12:37:41 GMT

Qatar Airways buys 5% in China Southern Airlines

Qatar Airways announced on Wednesday it had acquired a 5% of China Southern Airlines, seeking to receive the access to the Chinese fast-growing market.

Thu, 03 Jan 2019 11:39:21 GMT

New Barrick explores several options to halt Tanzanian tax row

The new Barrick Gold is exploring several options for its Acacia Mining stake, including a potential sale, as the company seeks terminating an almost two-year-long Tanzania tax dispute, which shuttered all the firm's operations in the country.

Thu, 03 Jan 2019 11:35:41 GMT

China Tobacco files for IPO in Hong Kong

The overseas unit of the Chinese cigarette monopoly, China Tobacco International, has filed for an initial public offering in Hong Kong, seeking to raise about $100M.

Thu, 03 Jan 2019 10:37:46 GMT

DNO lifts stake in Faroe Petroleum to 43%, extends bid deadline

DNO, the Norwegian oil company, has increased its stake in the British firm Faroe Petroleum to around 43%, falling short of 57.5% needed to grant it the unasailable majority shareholding.

Thu, 03 Jan 2019 10:34:47 GMT

Germany's Helaba, NordLB complete merger talks

Germany's public sector lenders Helaba and NordLB have finalised their talks over a potential merger, not reaching the agreement on a deal, Boersen-Zeitung reported this Thursday.

Thu, 03 Jan 2019 09:38:07 GMT

Jangho Group seeks buying Australia's Heal in $1.2B bid

China's construction firm Jangho Group made a $1.2B worth bid for the Australian medical centre owner Healius Ltd, marking the mainland's potentially biggest healthcare deal in Australia.

Thu, 03 Jan 2019 09:34:22 GMT

Nexon founder plans majority stake sale in NXC Corp

The South Korea Nexon's founder is planning a sale of his majority stake worth about $9.0B in the gaming firm's holding company NXC Corp, according to the Korea Economic Daily.

Thu, 03 Jan 2019 08:01:19 GMT

Sales of Johnson & Johnson's India drop 3% in 2017-2018

The US drugmaker Johnson & Johnson's sales in India plunged 3% in 2017-2018, ending March, as the company was battling with the stringent pricing policies on medical devices in the country.

Thu, 03 Jan 2019 07:50:20 GMT

China's Luckin aims to open 2,5K stores this year

China's coffee start-up Luckin is planning to open 2,500 of new stores in 2019, outracing Starbucks as the biggest coffee chain by outlets number in China, the company stated on Thursday.

Thu, 03 Jan 2019 07:39:47 GMT

Apple lowers sales estimates on weakened China sales

Apple decided to trim its quarterly sales forecasts due to the weakened sales of the iPhone models in China on the back of the US-Sino trade dispute.

Thu, 03 Jan 2019 07:37:17 GMT

Tesla trims US prices on all vehicles, shares plunge

On Wednesday, Tesla slashed US prices for all the carmaker's cars to offset lower its green tax credits, while falling short of its Model 3 sedan's quarterly deliveries, sending the company's shares down almost 7%.

Wed, 02 Jan 2019 21:03:22 GMT

US demands quick return of ex-US Marine arrested in Russia on spy accusations

On Wednesday, the US Secretary of State Mike Pompeo said that the United States is demanding for the quick return of ex-US Marine arrested by Russia on spying accusations.

Wed, 02 Jan 2019 21:03:12 GMT

May plans to speak with EU leaders over Brexit this week

On Wednesday, the UK Prime Minister Theresa May plans to speak to the European Union leaders this week over Brexit.

Wed, 02 Jan 2019 20:01:56 GMT

Drug companies increase US drug prices

Drug companies greeted 2019 with more than 250 prescription drugs price increased in the United States, although the measure of price increases was slower than 2018.

Wed, 02 Jan 2019 20:01:31 GMT

Oil prices edge higher by 4% on Wednesday

On Wednesday, crude oil prices increased about 4%, led by gains in US stock markets, but worries remained over rising output and global economic growth.

Wed, 02 Jan 2019 19:16:27 GMT

Trump to meet with North Korean leader soon

On Wednesday, the US President Donald Trump said that he would meet with North Korea's leader Kim Jong Un soon, as his administration works toward the denuclearisation of the Korean Peninsula.

Wed, 02 Jan 2019 19:16:10 GMT

Trump says trade talks with China are going very well

On Wednesday, the US President Donald Trump said that trade negotiations with China are coming along quite well, as he sounded upbeat about talks to end the trade war.

Wed, 02 Jan 2019 18:02:27 GMT

Netflix appoints Neumann as CFO

On Wednesday, Netflix Inc announced the appointment of Spencer Neumann as its Chief Financial Officer.

Wed, 02 Jan 2019 18:00:56 GMT

Wall Street rebound on Wednesday

US shares regained some of its lost positions on Wednesday, as gains in bank and energy stocks led the pullback.

Wed, 02 Jan 2019 17:32:52 GMT

Hyundai expects tough 2019 amid weak demand from US, China

Hyundai Motor flagged another year of tepid growth in car sales after a slow 2018, indicating that trade protectionism added uncertainty, while the main markets such as China and the US remained sluggish.

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