News

Note: This section contains information in English only.
Wed, 21 Mar 2018 16:07:58 GMT

Italy's SIA favours acquisitions over IPO in 2018

The Italian payment services company SIA was not planning an initial public offering in 2018, but intended to grow through acquisitions, as explained by the CEO Massimo Arrighetti.

Wed, 21 Mar 2018 16:00:53 GMT

Credit Suisse shares decline after CEO comment

Shares of Credit Suisse Group fell by 3.6% on Wednesday in response to a comment from the CEO Tidjane Thiam about ‘very confusing' quarter.

Wed, 21 Mar 2018 15:34:42 GMT

Deutsche Bank tightens price range for DWS IPO

Deutsche Bank has decided to narrow the price range for the asset management unit DWS's initial public offering, adding that it would raise less than $2.5B the lender had previously hoped for.

Wed, 21 Mar 2018 15:31:44 GMT

Vatican's Communication Chief quits amid 'Lettergate' probe

The Italian head of the Vatican Communication department Dario Vigano has stepped down on Wednesday, following a scandal on a doctored letter.

Wed, 21 Mar 2018 14:34:52 GMT

Arizona sees no need to tighten rules on autonomous car tests

Arizona's officials stated on Tuesday there were no need to severe the rules on self-driving car testing in the region, following the fatal incident involving Uber's autonomous car.

Wed, 21 Mar 2018 14:30:55 GMT

China Southern Airlines places $3.6B order for Boeing 737 MAX

China Southern Airlines had placed a $3.6B order for Boeing's 737 MAX aircraft for the Xiamen Airlines subsidiary, the company reported on Wednesday.

Wed, 21 Mar 2018 13:34:19 GMT

Tencent plans investing in AI, video as profit tops estimates

China's Internet company Tencent Holdings considers investing more in payment, artificial intelligence and video areas, after its quarterly net profit bet estimates on the successful IPOs.

Wed, 21 Mar 2018 13:26:45 GMT

Bayer gains EU approval for $62.5B Monsanto bid

On Wednesday, the German drug maker Bayer has won the EU antitrust approval for the $62.5B acquisition deal of the US seed company Monsanto.

Wed, 21 Mar 2018 12:01:02 GMT

BMW to boost R&D spending for autonomous, e-vehicles

Germany's automaker BMW is planning to raise the research and development spending to $8.6B in 2018, as the company seeks to bring electric vehicles to the market by 2025.

Wed, 21 Mar 2018 12:00:43 GMT

Dropbox lifts IPO price range amid strong demand

Dropbox has made a decision to raise price range for the IPO by $2B amid a strong demand for its public offering, expecting the bid to be priced up to $20 per share.

Wed, 21 Mar 2018 10:52:00 GMT

Investment in Pakistan grows

Foreign direct investment into Pakistan has jumped almost 60% during the year of 2017. However, some western investors are avoiding the country due to a growing Chinese influence.

Wed, 21 Mar 2018 10:51:03 GMT

Oil continues to surge on Wednesday

Oil prices continued to increase on Wednesday and were about to reach a six week high level. Some media outlets mentioned possible Middle East supply disruptions as the reason.

Wed, 21 Mar 2018 10:32:19 GMT

US Senator calls on Facebook's Zuckerberg to testify

On Tuesday, the US Senator Dianne Feinstein called on the Facebook CEO Mark Zuckerberg to testify in the US Congress over the user data treatment on his social media platform.

Wed, 21 Mar 2018 10:27:04 GMT

FedEx to screen every package at Texas facilities amid blast

FedEx is willing to scan every parcel at its Texas facilities, after one of the packages had exploded on Tuesday, the fifth such an incident in Texas in 18 days.

Wed, 21 Mar 2018 09:09:41 GMT

China's Shuqing to head new banking, insurance regulator

On Wednesday, Caixin reported that China had appointed Geo Shuqing as a new leader of the recently formed regulator for the insurance and banking sectors.

Wed, 21 Mar 2018 09:02:30 GMT

Spotify CEO Ek eligible to sell about $2B stake in IPO

According to Spotify Technology, the company's CEO and co-founder Daniel Ek has rights to sell around 15.8M shares of the streaming music leader worth up to $2B in its public listing.

Wed, 21 Mar 2018 08:10:21 GMT

Russia's Rosatom set to launch Turkish plant in 2023

Russia's nuclear company Rosatom is planning to start the Turkish Akkuyu plant in 2023, saying that negotiations with potential investors would not affect the construction timetable.

Wed, 21 Mar 2018 08:07:14 GMT

Geely Automobile 2017 net profit jump on strong sales

On Wednesday, Chinese automaker Geely Automobile stated its net profit more than doubled in the previous year, boosted by solid domestic sales of the carmaker's popular SUVs.

Wed, 21 Mar 2018 07:34:42 GMT

Brazil likely to trim interest rates once again

The Central Bank of Brazil is set to trim interest rates to a new low once again this Wednesday, as the country's inflation underwhelms, derailing its plans to stop monetary easing.

Wed, 21 Mar 2018 07:30:05 GMT

Google acquires Chelsea Market in $2.4B deal

Alphabet's Google has acquired the New York's Chelsea Market for $2.4B on Tuesday; a deal that should expand its presence in the NYC tech campus along the Hudson River.

Wed, 21 Mar 2018 05:58:58 GMT

Myanmar's president resigns

Htin Kyaw, the President of Myanmar, has resigned. The officially announced reason is to have rest from current duties.

Wed, 21 Mar 2018 05:58:51 GMT

Kaspersky Lab intends to address Western concerns

The opening of the data center in Switzerland by Kaspersky has been confirmed to be part of a plan to decrease the concerns that Russian government exploits the company's antivirus for spying.

Wed, 21 Mar 2018 05:22:37 GMT

Goose prepares to make own coats

The Luxury coat producer Canada Goose is preparing to move more of its production in-house to boost the company's profit margins.

Wed, 21 Mar 2018 04:26:02 GMT

Moon sees three-way summit with US, North Korea possible

The President of South Korea Moon Jae-in stated that a three-way summit with the US and North Korea is possible and should be aimed to cease the nuclear threat.

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