News

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Mon, 26 Nov 2018 13:40:01 GMT

Sweden's Orbital Systems gets support from EU Investment Bank

Swedish water-saving company Orbital Systems closed a $17.1M loan accord with the EU Investment Bank, seeking to scale up its output.

Mon, 26 Nov 2018 13:38:12 GMT

EU regulator approves HSH Nordbank sale

On Monday, the EU competition regulator has granted its approval for Germany's lender HSH Nordbank's sale to the private equity firms Cerebrus and J.C. Flowers.

Mon, 26 Nov 2018 11:53:53 GMT

Italy's SNAM, VW's unit Seat tie up over gas-powered cars

Italy's gas group SNAM signed a deal with Volkswagen's unit Seat to bolster the natural gas usage to power vehicles, both companies announced on Monday.

Mon, 26 Nov 2018 11:52:48 GMT

Greek Eurobank to acquire Grivalia Properties for €780M

The Greek third-biggest lender Eurobank has signed an all-stock deal to acquire Grivalia Properties, valuing the real estate company at $886M, the bank announced on Monday.

Mon, 26 Nov 2018 10:52:22 GMT

Oil prices regain lost ground

Oil price benchmarks on Monday were regaining some of their lost ground during the past weeks. However, the surge of almost two percent is insignificant, compared to the prior losses.

Mon, 26 Nov 2018 10:51:47 GMT

European stock indices rally

On Monday, the stock prices on the European stock exchanges rallied. Signs of an Italian budged review were stated as the main reason for the surge by financial media outlets.

Mon, 26 Nov 2018 09:40:03 GMT

Credit Agricole has no plans to take over Commerzbank

Credit Agricole's CEO Philippe Brassac stated on Monday the French bank had no plans to take over Germany's peer Commerzbank, as it sought for organic growth amid its strategy set up until 2019.

Mon, 26 Nov 2018 09:36:31 GMT

Norway's DNO makes hostile takeover bid for Faroe Petroleum

Norway's DNO has launched a hostile bid to acquire Faroe Petroleum in a potential deal that values the British firm at $779.81M to diversify gas and oil activities and boost earnings growth.

Mon, 26 Nov 2018 08:39:16 GMT

Kering accelerates digital strategy by signing deal with Apple

Kering, France's luxury goods group, revealed new measures to speed up its e-commerce and digital presence by signing a partnership deal with Apple.

Mon, 26 Nov 2018 08:37:00 GMT

PNG to uphold deal with Huawei to build internet cable

Papua New Guinea stated it would uphold the deal with Huawei Technologies to build internet infrastructure, dismissing proposals from the Western countries to take over the deal.

Mon, 26 Nov 2018 07:24:56 GMT

Japan's Daikin to acquire Austria's AHT Cooling in $1.0B deal

On Monday, Japan's Daikin Industries stated it was set to acquire Austria's AHT Cooling Systems in a deal worth $1.0B, as the Japanese company seeks global expansion outside the air-conditioning business.

Mon, 26 Nov 2018 07:21:49 GMT

France's St Gobain unveils new strategy to boost its results

Saint Gobain, the French construction materials company, revealed its new management structure and business strategy that are believed to improve the firm's margins and make it more cost saving.

Mon, 26 Nov 2018 06:21:21 GMT

Mitsubishi's board to meet over Chairman Ghosn's ouster

On Monday, Mitsubishi Motors' board is set to hold a meeting to remove the Chairman Carlos Ghosn from post after the arrest for allegations on financial misconduct.

Mon, 26 Nov 2018 06:13:50 GMT

Rio Tinto plans stake sale n Rössing Uranium

The global mining company Rio Tinto stated on Monday it would sell the entire 68.62% stake in Rössing Uranium worth about $106.5M to China National Uranium.

Mon, 26 Nov 2018 05:36:53 GMT

Panalpina wants remain independent company

On Sunday, Panalpina stated it would like to stay an independent firm, after Kuehne & Nagel, its Swiss rival, announced it was thinking over making an approach to acquire the company.

Mon, 26 Nov 2018 05:32:11 GMT

Alps Electric seeks boosting shareholder returns after takeover

Japan's Alps Electric is planning to bolster shareholder returns after completing a planned takeover of its affiliate Alpine Electronics, in a move that has been welcomed by Elliott Management.

Mon, 26 Nov 2018 03:59:46 GMT

Logitech ends talks to acquire Plantronics

Logitech International , the Swiss keyboards and webcams manufacturer, ended negotiations to acquire Plantronics, the US maker of Bluetooth earpieces and gaming headsets, the companies stated.

Mon, 26 Nov 2018 03:57:07 GMT

GM to make announcement over global operations

General Motors is likely to make the main announcement, which would affect its global operations, including vehicle production at its Ontario plant, a Canadian union stated in a statement.

Mon, 26 Nov 2018 03:37:36 GMT

Waypoint Leasing decides to file for bankruptcy

Waypoint Leasing, the helicopter leasing firm backed by investment companies for billionaires Michael Dell and George Soros, stated that it had filed for bankruptcy and planned to restructure.

Mon, 26 Nov 2018 03:32:40 GMT

Japan factory activity grows at weakest pace in two years last month

Japanese manufacturing activity grew at the slowest pace in the two-year period in November, while new orders fell for the first time since September 2016, raising doubt over expansion prospects for the current quarter.

Sun, 25 Nov 2018 20:46:05 GMT

Taiwan votes mostly for China-friendly party

On Sunday, Taiwan's general elections took place. The China-friendly Kuomintang will control 15 cities and counties, leaving only six to the ruling DPP.

Sun, 25 Nov 2018 20:34:05 GMT

Chairman of Taiwan's ruling party resigns

The President of Taiwan on Sunday announced her resignation as the chairwoman of the Democratic Progressive Party.

Sun, 25 Nov 2018 20:23:30 GMT

Swiss voters deny new farming subsidy

The voters of Switzerland on Sunday voted against the proposal to financially subsidize farmers that allow goats and cows to grow their horns instead of removing them.

Sun, 25 Nov 2018 20:22:47 GMT

Apple antitrust hearing occurs in US top court

A US top court is hosting the hearing of the representatives of Apple Inc in an antitrust dispute, which was caused by the company's app store.

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