News

Note: This section contains information in English only.
Tue, 20 Nov 2018 18:43:48 GMT

Czech PM meets with Chinese VP in Prague

The Czech Prime Minister Andrej Babis met with the Chinese Vice Premier Sun Chunlan in Prague to discuss bilateral ties.

Tue, 20 Nov 2018 18:08:13 GMT

US housing starts rise in October

US privately-owned housing starts increased 1.5% to 1.228M in October from the previous month, the US Department of Commerce reports.

Tue, 20 Nov 2018 18:07:24 GMT

China, Philippines to improve ties

China and the Philippines on Tuesday agreed to improve their ties in the framework of the Belt and Road Initiative, the Philippine President Rodrigo Duterte says.

Tue, 20 Nov 2018 17:29:10 GMT

US housing starts grow, though underlying trend remains weak

The US homebuilding rose in October due to a rebound in projects of multi-family housing, though single-family homes construction decreased for a second month in succession.

Tue, 20 Nov 2018 17:25:06 GMT

Russia's economy grows in October, consumption weakens

The economic growth of the Russian economy accelerated in October, owing to higher output in the industrial and agriculture sectors, the Economy Ministry stated, but other indicators revealed that growth remained patchy.

Tue, 20 Nov 2018 14:51:12 GMT

FedEx to add 1K electric delivery vans to fleet

FedEx is planning to expand its delivery fleet by adding extra 1K Chanje electric vans, as the company seeks cutting down on pollution and saving on fuel.

Tue, 20 Nov 2018 14:51:03 GMT

EU grants approval to Takeda on Shire acquisition

On Tuesday, the EU Commission has granted its approval to the $62B-worth takeover of the British firm Shire by Takeda Pharmaceutical on the Shire drug divestment conditions.

Tue, 20 Nov 2018 14:03:03 GMT

Poland joins other EU states, rejecting UN migration accord

On Tuesday, the Polish government decided to join the growing number of other European countries to reject the migration pact proposed by the United Nations.

Tue, 20 Nov 2018 13:57:03 GMT

Boeing halts airline call over 737 MAX systems

Boeing has cancelled its planned conference call with carriers over 737 MAX model systems, which crashed in Indonesia the previous month.

Tue, 20 Nov 2018 13:37:47 GMT

Spain set to vote against Brexit deal in case Gibraltar text not changed

Spain is set to vote against the Brexit accord, if the future on the disputed Gibraltar territory is not changed, the Prime Minister Pedro Sanchez stated.

Tue, 20 Nov 2018 12:37:07 GMT

CVS sees finalising Aetna deal after Thanksgiving

On Tuesday, CVS Health stated it was planning to sign its $69B takeover deal with the health insurer Aetna after the Thanksgiving day.

Tue, 20 Nov 2018 12:34:39 GMT

Google pledges $700M in funding to Danish data centre

Google announced it was set to make an investment of about $700M into the Danish data centre powered by green energy, adding it would close the PPA accord to ensure the centre was powered by the renewable energy.

Tue, 20 Nov 2018 11:21:04 GMT

Boston Scientific set to acquire UK's BTG in $4.2B deal

Boston Scientific, the US medical device developer, agreed to acquire Britain's BTG in an all-cash deal valued at $4.24B to boost the company's capabilities in the interventional medicine.

Tue, 20 Nov 2018 11:15:39 GMT

Tradeshift makes conditional bid for Finland's Basware

Basware, the Finnish payment software company, received a conditional proposal on a takeover from the US payment technology firm Tradeshift, sending Basware's shares up on the news.

Tue, 20 Nov 2018 10:39:41 GMT

easyJet not interested in Flybe takeover

The CEO of Britain's low-cost airline easyJet, Johan Lundgren, stated on Tuesday the company had no interest in Flybe acquisition at the moment, after the firm announced it would sell itself.

Tue, 20 Nov 2018 09:30:16 GMT

Australis Seafoods shares rise on deal with Joyvio

Australis Seafoods shares soared almost 30% this Monday after China's food service titan Joivio stated it would acquire Chile's salmon farmer for $880M.

Tue, 20 Nov 2018 09:25:56 GMT

France's Casino takes 5% stake in Lyf Pay

France's Casino has taken a 5% stake in the fintech firm Lyf Pay, amid retailer's intention to expand its presence in the EU mobile payments business.

Tue, 20 Nov 2018 08:34:56 GMT

Cimarex to acquire rival Resolute Energy for $1.6B

The gas and oil producer Cimarex Energy agreed to acquire its smaller competitor Resolute Energy in a deal worth $1.6B, including debt, the company announced on Monday.

Tue, 20 Nov 2018 08:30:51 GMT

Fortress Biotech plans National Holdings' stake sale

Fortress Biotech is set to sell its 56.1% controlling stake in National Holdings, an independent wealth management company, to B. Riley Financial in a deal valued at $22.9M.

Tue, 20 Nov 2018 07:37:52 GMT

Tesla may have interest in partnership with Mercedes-Benz

Tesla's CEO Elon Musk announced on Monday his company might be interested in a partnership with Daimler's Mercedes-Benz over the Sprinter van's electric version.

Tue, 20 Nov 2018 07:34:52 GMT

Fairfax Financial acquires 14% stake in Canada's steelmaker

The company of Canada's billionaire Pem Watsa, Fairfax Financial Holdings, took a 14% stake in the local steelmaker Stelco Holdings for C$250.1M, the firm stated on Monday.

Tue, 20 Nov 2018 05:41:25 GMT

Asian stock prices decline on Tuesday

During Tuesday's trading session Asian stock market indexes declined. The stock market decline was attributed to a tech stock sell off.

Tue, 20 Nov 2018 05:41:18 GMT

China's monetary policy has become less effective

A researcher from the People's Bank of China announced on Tuesday that the central bank's policy has become less effective in the creation of economic growth.

Tue, 20 Nov 2018 05:26:33 GMT

Warburg Pincus intends to create new four billion USD fund

On Tuesday, it was announced by Warburg Pincus LLC that the investment firm wants to raise a second China-focused investment fund, which would be worth nearly four billion US Dollars.

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