News

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Thu, 02 Aug 2018 02:40:31 GMT

BoJ Amamiya: Central Bank to buy bonds, when yields rise rapidly

The Deputy Governor of the Bank of Japan Masayoshi Amamiya stated that the Central Bank would buy government bonds "promptly and appropriately", if yields grew rapidly.

Wed, 01 Aug 2018 20:36:46 GMT

Grifols S.A. gets US antitrust approval for Biotest US Corp takeover

Grifols S.A., the Spanish global healthcare firm, received the US antitrust approval to acquire Biotest US Corp on the condition that it would sell certain assets, the FTC announced on Wednesday.

Wed, 01 Aug 2018 20:31:01 GMT

L'Oreal buys German vegan beauty products manufacturer

On Wednesday, L'Oreal announced it had acquires the German vegan beauty products maker Logocos Naturkosmetik, not disclosing the financial terms of the deal.

Wed, 01 Aug 2018 19:25:38 GMT

Generali plans asset management, non-life acquisitions

On Wednesday, the Italian key insurer Generali stated it was considering some acquisitions in asset management and non-life insurance as the company's cash pile grew on stronger operations and disposals.

Wed, 01 Aug 2018 19:20:55 GMT

Banks seeks over $10B debt deal to finance Johnson Controls buy-out

Banks are preparing for over $10B debt deal to finance the buy-out of the Johnson Controls International's power solutions business, the sources reported on Wednesday.

Wed, 01 Aug 2018 18:32:52 GMT

United Group attracts interest from BC Partners, Cinven

United Group, the pay TV and cable operator, drew a takeover interest from BC Partners and the EU private equity fund Cinven, before the September's auction process, sources reported.

Wed, 01 Aug 2018 18:29:12 GMT

Axa in discussion with Cinven over platform sale

On Wednesday, France's Axa stated it had launched exclusive talks with the private equity group Cinven over its variable annuity products service sale in a deal that could be valued at $1.40B.

Wed, 01 Aug 2018 17:33:12 GMT

Sprint beats analysts' estimates

On Wednesday, US telecommunications company Sprint claimed that it beat analysts' estimates for profit and new wireless subscribers in the second quarter of 2018.

Wed, 01 Aug 2018 17:25:47 GMT

WhatsApp to charge its business clients

On Wednesday, WhatsApp messaging app claimed that it is planning to start charging business customers for sending customer service and marketing messages at a fixed rate.

Wed, 01 Aug 2018 16:11:17 GMT

Pandora lures more paid subscribers, tops Wall Street's loss estimates

Pandora Media has won more paid subscribers in its Q2 that helped the music streaming firm present a smaller loss, beating the Wall Street expectations and sending its shares up 12% on Tuesday.

Wed, 01 Aug 2018 16:11:06 GMT

Major carmakers post steep decline in US car sales for July

On Wednesday, the leading carmakers posted the lower US vehicle sales for the previous month due to a major drop in passenger cars, not including Fiat Chrysler Automobiles, which reported a 6% rise in July car sales.

Wed, 01 Aug 2018 15:13:40 GMT

Tesla to raise funds for Chinese plant

On Wednesday, Bloomberg reported that electric car maker Tesla Inc is planning to raise a part of $5B needed to build a factory in Shanghai from its partners in China.

Wed, 01 Aug 2018 15:09:15 GMT

Sweden to sign $1B missile contract

On Wednesday, Swedish radio reported that this week Sweden is planning to sign a contract with American arms manufacturer Raytheon Co to buy Patriot missile air defence system.

Wed, 01 Aug 2018 14:27:59 GMT

Pence vows to protect US elections against foreign interference

Mike Pence, the US Vice President, promised on Tuesday to defend the local elections from the foreign meddling. Following Facebook's report on another effort to influence November's congressional elections via the site.

Wed, 01 Aug 2018 14:08:46 GMT

Uber gets green light to launch its services in Argentina's Mendoza

Uber Technologies has gained the approval to launch its ride-hailing services in Argentinian Mendoza province, the company announced on Tuesday.

Wed, 01 Aug 2018 12:54:31 GMT

Google to launch censored version of its search engine for China

Alphabet's Google is getting ready to introduce its search engine's censored version for China designed to block certain search terms or websites, The Intercept stated on Wednesday.

Wed, 01 Aug 2018 12:50:33 GMT

Brookfield to acquire Canada's Enercare in C$4.3B deal

Brookfield Infrastructure Partners are set to acquire Canada's homeservices firm Enercare in a deal valued at C$4.3B, amid asset management company's intention to expand across Canada.

Wed, 01 Aug 2018 12:36:07 GMT

Southeast Asian Grab to unveil $1.0B funding

Grab, Southeast Asia's ride-hailing service, is planning to launch a new investment worth $1.0B that will boost the growth of its payments business.

Wed, 01 Aug 2018 12:33:19 GMT

France approves Fincantieri's takeover of STX

The French government confirmed the takeover deal between Italy's shipbuilder Fincantieri and STX France, the Finance Minister Bruno Le Maire stated on Wednesday.

Wed, 01 Aug 2018 11:34:55 GMT

South Korean CJ seeks buying US food firm Schwan's for $1.8B

South Korea's food titan CJ CheilJedang is one of the bidders who is seeking to acquire the US food firm Schwan's Company in a potential $1.79B deal.

Wed, 01 Aug 2018 11:31:04 GMT

Fairfax to acquire 19% stake in Ireland's FBD

According to the FBD CEO Fiona Muldoon, Canada's investment firm Fairfax is set to take a 19% stake in the Irish insurer that could make the Canadian group its largest shareholder.

Wed, 01 Aug 2018 10:11:08 GMT

China lets its currency decline

The usually currency controlling authorities of China have allowed its currency to decline into a consecutive fifth month of depreciation.

Wed, 01 Aug 2018 10:10:29 GMT

Oil prices fall below $74

On Wednesday, oil prices decreased below 74$ per barrel. Financial media blamed OPEC production increases and a report about US oil inventories.

Wed, 01 Aug 2018 09:33:51 GMT

Spanish firm Amadeus considers buying US TravelClick

Amadeus IT Group, Spain's travel technology company, stated this Wednesday it was negotiating a takeover of the US online reservation system provider to hotels TravelClick.

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