News

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Wed, 19 Sep 2018 09:37:18 GMT

Philippines' Cal-Comp postpones IPO amid market conditions

On Wednesday, Philippines' New Kinpo Group unit Cal-Comp said it had delayed its $125.2M initial public offering due to the Southeast Asia's market conditions.

Wed, 19 Sep 2018 09:33:50 GMT

Britain's inflation surge to six-months high last month

Britain's annual consumer inflation rose to 2.7% in August, hitting its six-months high, and up from the 2.5% reading in July, the ONS reported on Wednesday.

Wed, 19 Sep 2018 08:38:19 GMT

Unilever, Coke, Nestle become bidders for GSK India sale

Coca-Cola, Nestle and Unilever are making their bids in $4.0B-plus GlaxoSmithKline's sale of its India's Horlicks nutrition unit.

Wed, 19 Sep 2018 08:36:12 GMT

Danske Bank head steps down amid money laundering row

The CEO of Danske Bank, Thomas Borgen, has quitted this Wednesday amid the money laundering scandal that involved $234B flowing through Estonia's branch in the 2007-2015 time period.

Wed, 19 Sep 2018 07:27:22 GMT

Coca-Cola acquires Australia's kombucha producder Mojo

On Tuesday, Coca-Cola announced it had acquired Australia's Organic & Raw Trading, famous for its kombucha tea brand Mojo, on the back of the company's expansion into healthier drinks.

Wed, 19 Sep 2018 07:06:46 GMT

Venezuela sells 9.9% of JV Sinovensa to China oil firm

The Venezuelan President Nicolas Maduro announced on Tuesday that the country sold its 9.9% of the Sinovensa joint venture to China's oil firm, a move in where China is seen to boost the crude output of the OPEC nation.

Wed, 19 Sep 2018 06:39:37 GMT

HNA in talks to sell its newly acquired logistics firm

China's HNA Group is considering a sale logistics unit CWT, it had recently acquired in the $1.0B deal, looking for a potential buyer.

Wed, 19 Sep 2018 06:36:27 GMT

Tencent Music halves US listing to $2.0B

China's Tencent Music Entertainment Group has reduced the amount it was seeking to attract in its US initial public offering by half to $2.0B, according to sources.

Wed, 19 Sep 2018 05:08:48 GMT

UK PM May: EU and Britain close to achieve orderly Brexit deal

On Wednesday, the Prime Minister of the UK Theresa May claimed that the UK and the EU are close to finally agreeing on orderly withdrawal of the UK from the European bloc. 

Wed, 19 Sep 2018 05:08:35 GMT

China's PM: unilateral trade actions to not solve problems

On Wednesday, the Prime Minister of China Li Keqiang claimed that unilateral trade actions would not solve the problems and that the basic principle of free trade needs to be maintained. 

Wed, 19 Sep 2018 04:15:56 GMT

North Korea to invite foreign experts to abolish missile facilities

On Wednesday, the President of South Korea Moon Jae-In claimed that North Korea has agreed to invite foreign experts to permanently scrap its key missile facilities.

Wed, 19 Sep 2018 04:10:40 GMT

Hillhouse Capital raises $10.6B

Hillhouse Capital, a Chinese private equity firm which has been investing in top Chinese tech companies including Baidu and Tencent, claimed that it has closed the last funding round at $10.6B.

Tue, 18 Sep 2018 20:08:47 GMT

China to take measures to ensure foreign trade growth

China plans to introduce new measures, including decreasing customs clearance time and improving the export tax rebate policy to facilitate foreign trade growth.

Tue, 18 Sep 2018 20:07:32 GMT

China, Myanmar agree to enhance Belt and Road cooperation

The Vice Chairman of the Standing Committee of the National People's Congress Ding Zhongli and Myanmar's First Vice President U Myint Swe agreed to strengthen friendly cooperation at a meeting on Tuesday.

Tue, 18 Sep 2018 18:56:39 GMT

Novo Nordisk to fire 400 employees

The Danish pharmaceutical company Novo Nordisk plans to fire around 400 employees in Denmark and China with an aim to restructure its research and development department.

Tue, 18 Sep 2018 18:55:48 GMT

Jailed Audi CEO to be sacked

The Audi chief executive officer Rupert Stadler will be fired shortly after being jailed nine weeks ago in the course of German "dieselgate" scandal, the newspaper "Handelsblatt" reports.

Tue, 18 Sep 2018 18:26:11 GMT

President Xi meets Estonian counterpart

The Chinese President Xi Jinping on Tuesday met with his Estonian counterpart Kersti Kaljulaid, who attends the Summer Davos Forum in the port city of Tianjin.

Tue, 18 Sep 2018 18:24:20 GMT

EU investigates VW group, BMW, Daimler for possible collusion

The European Commission on Tuesday started a formal investigation into possible collusion between car makers Volkswagen, BMW and Daimler on emission technology.

Tue, 18 Sep 2018 17:34:15 GMT

China, Russia seek new areas of cooperation

China and Russia plan to explore new areas of cooperation and create a more favourable business environment, the Chinese Vice Premier Han Zheng says.

Tue, 18 Sep 2018 17:33:33 GMT

Netanyahu: Israel "regrets" Russian flight crew death in Syria

Israel regrets the death of the Russian flight crew shot down by the Syrian army during an Israeli air strike, the Israeli Prime Minister Benjamin Netanyahu says.

Tue, 18 Sep 2018 15:51:05 GMT

Thor Industries to acquire Germany's Erwin Hymer Group

Thor Industries, the us recreational vehicle producer, agreed to acquire Erwin Hymer Group, the German caravan maker, for $2.45B, including debt, Thor announced on Tuesday.

Tue, 18 Sep 2018 15:50:20 GMT

VW's truck unit Traton to form JV with China's Sinotruck

Volkswagen's truck division Traton is planning to establish a joint venture between the unit's MAN brand and China's truck maker Sinotruk, both firms confirmed on Tuesday.

Tue, 18 Sep 2018 15:09:15 GMT

Pandora's shares surge on takeover report

On Tuesday, the Danish jeweller Pandora reported its shares surged as much as 10% on the news that the private equity funds explore a potential takeover offer.

Tue, 18 Sep 2018 15:05:31 GMT

Marsh & McLennan to acquire Britain's JLT in $5.7B deal

Marsh & McLennan has agreed to acquire the British broker Jardine Lloyd Thompson in a deal valued at $5.7B, as the American financial services firm seeks boosting its global reinsurance business.

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