News

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Wed, 13 Jun 2018 19:23:57 GMT

US PPI grows 0.5% in May

The US producer prices revealed stronger-than-anticipated gain of 0.5% in May, fuelling the biggest annual rise in more than six years, the Labour Department stated.

Wed, 13 Jun 2018 19:21:53 GMT

Fed raises rates, anticipates two more increases this year

The US Federal Reserve announced the decision to raise rates to 2%, in line with expectations, and indicated plans for two more hikes this year.

Wed, 13 Jun 2018 18:05:41 GMT

Facebook announces new privacy safeguards after conceding to pressure from advertisers

Facebook is introducing a new policy, that will better show its users about the way companies are choosing adverts for them.

Wed, 13 Jun 2018 17:57:27 GMT

UK Prime Minister Theresa May set to avoid parliament defeat on customs after compromise

After Tuesday's adjustment, Prime Minister Theresa May set to fend off a defeat in parliament over her post-Brexit trade plans on Wednesday.

Wed, 13 Jun 2018 15:47:39 GMT

Qatar extends financial aid to Jordan worth $500M

Qatar is set to provide additional $500M in financial aid package to Jordan to help the country deal with austerity measures introduced by the IMF.

Wed, 13 Jun 2018 15:46:58 GMT

Broadridge joins S&P500

The US-based fintech company Broadridge Financial Services is set to join the S&P500 Index as of Monday, June 18, 2018.

Wed, 13 Jun 2018 15:07:33 GMT

GM appoints new CFO

The US-based auto manufacturer General Motors announced on Wednesday that Dhivya Suryadevara had been appointed the company's new CFO as of September 1.

Wed, 13 Jun 2018 15:05:26 GMT

Timmermans: Political control over Polish courts violates EU treaties

The First Vice President of the European Commission Frans Timmermans explained that putting the Polish judiciary under political oversight violated EU treaties.

Wed, 13 Jun 2018 14:37:22 GMT

Vintage Capital lifts Rent-A-Center bid to $14/share

On Tuesday, the buyout company Vintage Capital Management has sweetened its bid for Rent-A-Center to $14 a share in cash, following the retailer's rejection over unsatisfactory takeover proposal.

Wed, 13 Jun 2018 14:33:15 GMT

Hong Kong'sCKI makes $9.8B takeover proposal for Australia's APA

Hong Kong's CK Infrastructure has launched a $9.8B takeover bid for the Australian largest gas pipeline firm APA Group, sending its shares 21% up to A$10.00.

Wed, 13 Jun 2018 13:37:22 GMT

J&J accepts Platinum's $2.1B bid for LifeScan unit

On Tuesday, Johnson & Johnson accepted the buyout offer worth $2.1B from the private equity group Platinum Equity for its LifeScan unit.

Wed, 13 Jun 2018 11:59:23 GMT

French Suez opens JV hazardous waste treatment factory in China

On Wednesday, France's utility Suez has launched a hazardous waste treatment factory joint venture with China Everbright International in Changzhou, the countries Jiangsu eastern province.

Wed, 13 Jun 2018 11:53:05 GMT

Hometown makes proposal to Australia's Gateway Lifestyle

Hometown Australia Holdings and Hometown America Communities have made a non-binding offer for the Australian firm Gateway Lifestyle Group, valuing the company at $480M.

Wed, 13 Jun 2018 11:39:41 GMT

France's ERAMET lifts offer for Australia's Mineral Deposits

On Wednesday, France's ERAMET announced it had increased the all-cash offer for the Australian firm Mineral Deposits to A$1.775 per share, bringing the company's value to A$344.7M.

Wed, 13 Jun 2018 11:36:57 GMT

Bloom Energy start-up files for listing

The fuel cell start-up Bloom Energy is seeking an initial public offering latte on Tuesday with the US Securities & Exchange Commission, intending to attract up to $100M in the listing.

Wed, 13 Jun 2018 09:30:20 GMT

Saudi Aramco seeks partnerships to expand petrochems, refining

Saudi Aramco is eyeing partnerships to bolster investments into petrochemicals and refining to secure new crude markets to reduce the slowdown risk in oil demand.

Wed, 13 Jun 2018 09:22:43 GMT

UK lawmakers to question Asda and Sainsbury's CEOs over deal

British lawmakers are set to question the heads of the UK supermarkets Asda and Sainsbury ahead of their $9.77B acquisition deal, announced in April.

Wed, 13 Jun 2018 08:36:18 GMT

Parsons agrees to pay $133M for revamped Arizona retail centre

The Go Daddy founder Bob Parsons is set to acquire a revamped retail centre in Arizona's Phoenix suburb in a deal valued at $133M, his real estate concern said on Tuesday.

Wed, 13 Jun 2018 08:34:09 GMT

eBay ties up with Dubai billionaire over sales in Middle East

eBay has partnered with a Dubai billionaire to sell its products on a new e-commerce venture in the Middle East, starting from this year's second half, the venture reported on Tuesday.

Wed, 13 Jun 2018 07:21:43 GMT

Societe Generale explores sale of its Polish unit Eurobank

France's bank Societe Generale is considering to sell its Polish unit called Eurobank, as it faces pressure from the rivals, two Warsaw's investment bankers said.

Wed, 13 Jun 2018 07:15:56 GMT

Hancock Prospecting takes early 20% stake in Atlas Iron

On Wednesday, Australia's Hancock Prospecting has disclosed a 19.96% stake in the iron ore miner Atlas Iron, following Fortescue Metals Group's 19.9% stake gain last week.

Wed, 13 Jun 2018 06:38:04 GMT

AT&T gets approval to acquire Time Warner

On Tuesday, AT&T has won court's approval to acquire Time Warner in a deal worth $85B, rebuffing the Trump Administration's attempt to ban the deal.

Wed, 13 Jun 2018 06:36:00 GMT

Blackstone in deal to buy Australia's IOF for $2.3B

On Wednesday, the US private equity firm Blackstone Group has clinched a deal to acquire Australia's real estate investment group Investa Office Fund for $2.3B.

Wed, 13 Jun 2018 04:55:08 GMT

Lenovo expands smartphone business in China

Lenovo Group Ltd is starting to integrate its smartphone business in the company's Chinese unit in order to expand and strengthen its presence in the local market.

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