News

Note: This section contains information in English only.
Fri, 14 Dec 2018 12:38:06 GMT

Albemarle, Mineral Resources sign $1.15B lithium deal

On Friday, Australia's Mineral Resources has clinched a deal on a stake sale in the Wodgina Lithium Project and a lithium JV establishment with the US firm Albemarle worth $1.15B.

Fri, 14 Dec 2018 12:34:33 GMT

Germany's Helaba to buy Dexia's unit in $398M deal

Helaba, the German public sector bank, is set to acquire Germany's unit of the Franco-Belgian lender Dexia in a deal valued at $398M.

Fri, 14 Dec 2018 10:54:54 GMT

Scale of theft at Shell refinery is revealed

On Friday, it was revealed in court documents that nearly during the last several years nearly $150 million worth of crude oil was stolen from Shell's Singapore refinery.

Fri, 14 Dec 2018 10:54:19 GMT

China will suspend tariffs on January 1

It was announce by Chinese officials on Friday that China will suspend its additional tariffs on US made cars starting from January 1.

Fri, 14 Dec 2018 10:31:00 GMT

Motherson Sumi enters early-stage talks over merger with Leoni

Motherson Sumi Systems, India's vehicle wiring maker, has entered the early talks with the German peer Leoni over a potential merger deal, two sources familiar with the matter reported.

Fri, 14 Dec 2018 10:28:29 GMT

Diesel founder Rosso raises interest in Roberto Cavalli

Diesel fashion laber's founder, Renzo Rosso, has raised interest into acquiring the Italian fashion house Roberto Cavalli via his OTB holding group, according to Il Sole 24 Ore's report published on Friday.

Fri, 14 Dec 2018 09:13:39 GMT

Shareholders show scepticism over Deutsche Bank-Commerzbank merger

On Thursday, shareholders expressed their scepticism over speculation on a potential merger deal between Deutsche Bank and Commerzbank, saying the tie-up is unlikely to be seriously considered in the near future.

Fri, 14 Dec 2018 09:08:59 GMT

Axel Springer considers incremental takeovers in 2019

Axel Springer is considering to boost its existing businesses with the incremental takeovers next year, the German publisher's CEO Mathias Doepfner stated on Friday, adding there will be no any major deals for now that require outside financing.

Fri, 14 Dec 2018 08:16:03 GMT

Fortis Healthcare shares drop on ceased sale news

Shares in the Indian firm Fortis Healthcare plunged as much as 14.3% to their lowest since October 30, after India's top court had put its sale to the Malaysian company IHH Healthcare on hold.

Fri, 14 Dec 2018 08:07:37 GMT

L Brands plans sale of lingerie brand La Senza

Victoria's Secret owner L Brands announced about La Senza sale, its luxury lingerie brand, to the private equity fund Regent's affiliate., ending month-long attempts to sell off the loss-making business unit.

Fri, 14 Dec 2018 07:39:09 GMT

France's LVMH close to acquire hotel operator Belmond

France's luxury group LVMH is nearing a deal to acquire Britain's Belmond, the high-end hotels operator, in a cash-deal worth around $25 for a share, the Wall Street Journal reported.

Fri, 14 Dec 2018 07:36:29 GMT

Germany's Scout24 considers selling itself

German's online classified-ads firm Scout24 is thinking over a potential deal in which it could be taken private, the company stated late on Thursday, sending its shares up by 12% on Friday.

Fri, 14 Dec 2018 06:32:29 GMT

Blackstone wants to bet on India

In an interview to the Economic Times, Blackstone's CEO Stephen Schwarzman that the company is likely to focus on Indian market next year amid weak currency, reform-oriented authorities and a number of other factors.

Fri, 14 Dec 2018 06:26:24 GMT

Blair projects another referendum on Brexit

In a speech that will be delivered today in London, the former Prime Minister of Britain Tony Blair is expected to say that the EU and UK should start preparing for another referendum on Brexit, as the Parliament is likely to reject Theresa May's deal.

Fri, 14 Dec 2018 04:02:56 GMT

Japan's capex, business mood steady, though outlook sours

Japan's capital expenditure plans and business confidence were unchanged from the prior quarter, sign that companies were not worried about global growth concerns and escalating trade frictions.

Fri, 14 Dec 2018 03:56:47 GMT

China's factory output, retail sales weaken last month

China's retail sales increased at their weakest pace in 15 years, while industrial output grew the least in three years in November, as domestic demand kept softening, underlining higher risks to the economy.

Fri, 14 Dec 2018 03:34:55 GMT

Japan output, manufacturing expand, export orders fall in December

Japan's manufacturing activity grew in December, though export orders contracted at the strongest pace since 2016, in a sign of falling overseas demand, a preliminary survey revealed.

Fri, 14 Dec 2018 03:31:06 GMT

China to hit GDP growth target in 2018

China was on track to hit the GDP growth goal of around 6.5% in 2018, though the economy is likely to face more external unclarities next year.

Thu, 13 Dec 2018 21:39:26 GMT

Starbucks ties up with UberEats over US delivery

Starbucks announced on Thursday it had teamed up with UberEats over coffee and food delivery in the United States, seeking to also double its China outlets within the following four years.

Thu, 13 Dec 2018 21:37:28 GMT

Adobe posts 23% surge in its Q4 revenue

On Thursday, Adobe Systems reported a 22.8% surge in its Q4 revenue, driven by the higher subscriptions for the Creative Cloud software suite, including Photoshop.

Thu, 13 Dec 2018 20:33:14 GMT

US auto sales expected to drop next year

The US new vehicle sales are expected to fall in 2019, as higher prices and increased interest rates could prompt customers to postpone car-buying plans, the NADA stated.

Thu, 13 Dec 2018 20:31:06 GMT

UK willing to host 2020 UN climate talks

The UK announced its intention to host UN climate negotiations in 2020, the British Energy Minister stated, as it sought to establish a leading role in the fight against global warming after Brexit.

Thu, 13 Dec 2018 19:27:16 GMT

US government posts $205B deficit last month

The US federal government ran a $205B deficit in the month of November, according to the Treasury Department's report on Thursday, while analysts expected a $188B deficit for the period.

Thu, 13 Dec 2018 19:24:02 GMT

YouTube takes down 58M videos

YouTube took down around 58M videos and 224M comments over the third quarter due to violations of its policies, the company stated, aiming to demonstrate its progress in combating problem content.

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