News

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Mon, 15 Oct 2018 15:23:20 GMT

German prosecutors search Opel sites in diesel probe

On Monday, the office of Frankfurt's prosecutors said that German prosecutors have been searching German sites of the car manufacturer Opel as a part of the probe regarding diesel emissions.

Mon, 15 Oct 2018 15:18:31 GMT

UK PM May: disagreements between EU and UK must not result in no-deal Brexit

On Monday, the Prime Minister of the UK claimed that the disagreements between the EU and the UK regarding Irish border must not result in no-deal Brexit for the UK.

Mon, 15 Oct 2018 14:37:36 GMT

Intel and ARM tie up to secure IoT

The rival semiconductor companies Intel and ARM agreed on cooperation to manage the networks of their connected devices and seeking to secure the Internet of Things.

Mon, 15 Oct 2018 14:32:40 GMT

Opel obliged to recall 100K vehicles amid diesel probe

On Monday, the German Transport Ministry stated that around 100K Opel cars needed to be recalled on the back of diesel emissions probe.

Mon, 15 Oct 2018 12:50:16 GMT

Italy's Cabinet due to approve 2019 budget on Tuesday

The Italian government is planning to approve the 2019 budget on Tuesday, after the meeting set for this Monday has been cancelled, as the EU Commission expressed criticism over a surge in the country's deficit.

Mon, 15 Oct 2018 12:50:05 GMT

Disney proposes EU antitrust concessions over Fox deal

Walt Disney has proposed the European antitrust concessions in its efforts to allay the concerns regarding the $71.3B bid for 21 Century Fox's assets, the EU Commission reported.

Mon, 15 Oct 2018 12:35:54 GMT

Purplebricks seeks buying nearly 26% stake in Homeday

Purplebricks, Britain's online estate agent, stated on Monday it had established joint venture with the publisher Axel Springer, as it seeks to jointly acquire a 25.9% stake in Germany's rival Homeday.

Mon, 15 Oct 2018 11:15:09 GMT

BlackRock's CEO cancels plans to attend Saudi investor event

BlackRock's CEO Larry Fink does not planning to attend the investor conference in Saudi Arabia anymore, joining some investors who decided to withdraw the event due to concerns over missing journalist.

Mon, 15 Oct 2018 11:10:12 GMT

Ludovic Helfgott becomes head of Novo Nordisk's pharma unit

Novo Nordisk has picked Ludovic Helfgott, AstraZeneca's executive to become the head of its pharma business and replace Jesper Brandgaard, following his resignation earlier this year.

Mon, 15 Oct 2018 10:18:56 GMT

Asian stocks decline

On Monday, Asian share prices declined. Financial media noted various possible reasons for the decline.

Mon, 15 Oct 2018 10:18:24 GMT

Italian deputy PM scolds Russian sanctions

Matteo Salvini, who is the Deputy Prime Minister of Italy, on Monday revealed that he considers the sanctions set on Russia and absurdity.

Mon, 15 Oct 2018 09:14:43 GMT

Nissan postpones pay talks until Brexit terms become clearer

Japan's carmaker Nissan Motor has postponed its UK pay talks with the staff working in Britain until the Brexit terms became clearer.

Mon, 15 Oct 2018 09:11:53 GMT

Kazatomprom likely to sell 25% stake in Astana/London IPO

The world's largest uranium producer Kazatomprom is likely to sell up to 25% of its stake in its planned London and Astana initial public offering.

Mon, 15 Oct 2018 08:30:52 GMT

Innovent Biologics seeks to attract $422M in HK IPO

China's biotech company Innovent Biologics is seeking to attract $422M in its initial public offering in Hong Kong that could potentially be the largest biotech IPO in this year's financial hub.

Mon, 15 Oct 2018 08:28:25 GMT

Geencore sells its US business in $1.0B deal

On Monday, Britain's biggest sandwich maker Greencore Group announced about the sale of its US business in a $1.0B deal.

Mon, 15 Oct 2018 07:39:26 GMT

HNA explores possible options for Pactera unit

China's HNA Group held talks with Ant Financial and other investors, as the company is weighting a sale or other options for the IT unit Pactera.

Mon, 15 Oct 2018 07:35:08 GMT

Bill Ford, JPMorgan's Dimon drop plans to attend Saudi investor event

JPMorgan & Chase's CEO Jamie Dimon and Ford Motor's Chairman Bill Ford have cancelled their plans for the Saudi investor conference, both companies stated on Sunday.

Mon, 15 Oct 2018 06:39:52 GMT

China's Huarong ex-chairman expelled from Communist Party amid graft

China's ruling Communist Party has expelled the China Huarong Asset Management's former chairman Lai Xiaomin from the party due to suspected graft.

Mon, 15 Oct 2018 06:36:17 GMT

Sears Holdings files for Chapter 11 bankruptcy

On Monday, the iconic US retailer Sears Holdings announced filing for the Chapter 11 bankruptcy, as the company has withered in the era of online shopping.

Mon, 15 Oct 2018 04:55:57 GMT

Harris and L3 Technologies sign all-stock merger deal

Harris and L3 Technologies, the communication equipment providers, have signed an all-stock merger deal on Sunday, creating the sixth-biggest defence contractor in the United States worth $34B.

Mon, 15 Oct 2018 04:55:21 GMT

Blackstone must match rival offer for IOF in four days

Australia's Investa Office Fund stated on Monday it had granted the private equity group Blackstone four days to match the Canadian firm Oxford Properties Group's rival bid.

Mon, 15 Oct 2018 02:55:34 GMT

Japanese manufacturers' mood rises in October

Confidence among Japan's manufacturers rose in October and was expected to remain flat in the next three months, a Reuters poll found, suggesting caution on the global trade frictions' effect on the economic outlook.

Mon, 15 Oct 2018 02:52:33 GMT

Apple acquires music analytics firm Asaii

Apple bought Asaii, the music analytics start-up, within an aim to strengthen content recommendations to music users, according to the report by Axios.

Sun, 14 Oct 2018 20:20:58 GMT

Barclays to compete with Goldman in digital-only bank market

According to report published by the Financial Times, Barclays is offering American retail customers an account that represents a part of cheap and digital-only bank.

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