News

Note: This section contains information in English only.
Tue, 06 Nov 2018 16:57:02 GMT

Hong Kong to launch compliance probe into Cathay Pacific

Cathay Pacific Airways is set to face a compliance inquiry by the Hong Kong privacy commissioner over massive data breach that involved 9.4M passengers, as the carrier had allegedly violated privacy rules.

Tue, 06 Nov 2018 16:56:09 GMT

China's Chengtong considers acquiring Moscow hotel

China's state-owned asset-operating and investment company, Chengtong Holdings Group, has launched talks over acquiring the Peking Hotel, located in the centre of Moscow, from Russia's Hals Development.

Tue, 06 Nov 2018 16:34:01 GMT

Megafon to supply its unit with $1.7B for potential share buyback

The second-biggest mobile phone operator in Russia, Megafon, announced on Tuesday it would lend its Megafon Finance unit nearly $1.69B to fund a potential share buyback.

Tue, 06 Nov 2018 16:30:19 GMT

Amazon seeks splitting second HQs in two cities

Amazon.com is preparing to split the second headquarters between two cities amid over a year-long contest, which had drawn the overtures from locales in North America, sources reported on Tuesday.

Tue, 06 Nov 2018 15:30:11 GMT

Thomson Reuters views more acquisitions after Blackstone deal

Thomson Reuters is seeking to sign multiple takeover deals to bolster the company's Legal and Tax & Accounting divisions, following the majority stake sale in the financial terminal business, its CEO Jim Smith stated on Tuesday.

Tue, 06 Nov 2018 15:24:10 GMT

Investment firms to take fast-food firm Bojangles private

The fast-food chain Bojangles is set to be taken private by the investment companies Jordan Co and Durational Capital Management in a deal valued at $593.7M.

Tue, 06 Nov 2018 14:39:05 GMT

Danske Bank's chairman ousted amid money laundering row

One of the leading shareholders in Danske Bank ousted a chairman amid money laundering scandal, which could also cause its CEO resignation.

Tue, 06 Nov 2018 14:36:56 GMT

Lilly to explore more takeovers like $1.6B worth Armo buy

Eli Lilly is planning to explore more takeover deals similar to the $1.6B worth purchase of the cancer drug maker Armo Biosciences it had made earlier this year, the company stated on Tuesday.

Tue, 06 Nov 2018 12:54:31 GMT

CVS Health Q3 profit surges over 8% on Tuesday

CVS Health reported on Tuesday its Q3 profit surged 8.2% to $1.39B, compared to the prior year's $1.29B, driven by an increase in sales of the prescription drugs at the company's stores.

Tue, 06 Nov 2018 12:54:23 GMT

Stifel acquires German Mainfirst Bank in Brexit preparations

The US investment bank Stifel is set to acquire the German Mainfirst Bank, seeking to establish a scale in its Swiss and German equity research business, as well as to prepare for Brexit.

Tue, 06 Nov 2018 12:05:12 GMT

VW sees 2018 operating return on sales at range's lower end

Volkswagen has warned on Tuesday that its operating return on the carmaker's sales at the main VW passenger vehicle brand was likely to be at the lower level of its 4-5% target range in 2018.

Tue, 06 Nov 2018 12:00:05 GMT

Qatari wealth fund to pay around $4.23B for Rosneft stake

On Tuesday, Russia's Rosneft stated the Qatari Investment Authority wealth fund was set to pay nearly $4.23B for the Russian oil giant's 14.16% stake, becoming its third-largest shareholder.

Tue, 06 Nov 2018 11:03:25 GMT

Iranian oil exports will rebound

On Tuesday, it was announced that most likely Iranian November oil statistics will show a sharp decline due to US sanctions and an immediate rebound caused by the exception wavers.

Tue, 06 Nov 2018 11:02:55 GMT

Vice President of Iran comments on oil

On Tuesday, the Vice President of Iran announced that his country can export as much crude oil as the country needs despite US pressure.

Tue, 06 Nov 2018 10:16:14 GMT

China set to encourage mergers and consolidations among local shipping firms

China is set to encourage the centrally government-held shipping firms to merge and consolidate, according to the state assets regulator's report.

Tue, 06 Nov 2018 10:11:19 GMT

Sivantos, Widex postpone EU merger application

The German hearing aid maker Sivantos and its Danish rival Widex have delayed their application for the EU Commission to receive the approval for the $8.0B merger, despite both the companies stayed committed to the deal.

Tue, 06 Nov 2018 09:33:09 GMT

AstraZeneca selling three older drugs for $350M

AstraZeneca has launched a sale of its three older asthma and rhinitis drugs for $350M or more amid company's strategy to divest assets and make new medicine investments.

Tue, 06 Nov 2018 09:26:19 GMT

Geely, China's CASIC tie up over supersonic trains

The Chinese carmaker Zhejiang Geely Holding Group stated on Tuesday it had clinched a cooperation deal with China's Aerospace Science and Industry Corp for "supersonic" train development in the country.

Tue, 06 Nov 2018 07:51:09 GMT

Swiss medtech firm Medacta plans IPO next year

The medical technology firm Medacta is getting ready for its Swiss initial public offering n the SIX Swiss Exchange scheduled for the next year's spring, backed by such investment banks as Morgan Stanley, Credit Suisse, JPMorgan and UBS.

Tue, 06 Nov 2018 07:50:57 GMT

Thyssenkrupp plans replacing elevators arm's head in restructuring push

Thyssenkrupp is set to replace Andreas Schierenbeck, the director of its elevators unit, as the German conglomerate has launched a far-reaching restructuring plan.

Tue, 06 Nov 2018 07:35:21 GMT

Luckin Coffee plans raising up to $2.0B in new funding round

The Chinese coffee Luckin Coffee is seeking to double its valuation up to $2.0B in a new funding round amid the company's aggressive expansion across China and target to outrun its US rival Starbucks.

Tue, 06 Nov 2018 07:30:23 GMT

Luxottica founder seeks Milleri to become EssilorLuxottica CEO

The founder of Luxottica Leonardo Del Vecchio is seeking to propose the candidature of the company's current CEO Francesco Milleri as Chief Executive Officer of a new merged firm EssilorLuxottica.

Tue, 06 Nov 2018 05:42:44 GMT

Ford Motor Company profits in India

The Ford Motor Company on Tuesday announced that for the first time in the last ten years the company has profited in India.

Tue, 06 Nov 2018 05:41:44 GMT

Oil prices decline on Tuesday morning

On Tuesday, oil prices declined due to the US exemptions that will allow the biggest importers of Iranian oil to continue to buy crude from Iran.

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