News

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Wed, 20 Mar 2019 03:50:41 GMT

Wall Street edges higher, as Fed meeting begins

US stocks edged higher Tuesday, as investors and traders monitor the ongoing US Federal Reserve monetary policy meeting.

Wed, 20 Mar 2019 03:50:32 GMT

Trump is optimistic about trade talks with China

The US President Donald Trump said on Tuesday that trade negotiations between the United States and China "are going very well".

Wed, 20 Mar 2019 02:59:47 GMT

Global equity market and oil hit 2019 highs

Shares across the world extended its gains for the seventh consecutive trading session, the longest upside rally of the year.

Wed, 20 Mar 2019 02:58:09 GMT

Bolton says UK's political establishment failing on Brexit

John Bolton, the US National Security Adviser, said that UK's political establishment has failed to implement the 2016 Brexit referendum.

Tue, 19 Mar 2019 20:51:38 GMT

European shares hit six-month high

European shares ended Tuesday's trading session near a six-month high, led by a surge in automakers stocks.

Tue, 19 Mar 2019 20:51:29 GMT

US regulator fines Citigroup $25M

The US Office of Comptroller of Currency announced on Tuesday that it had fined Citigroup the sum of $25M for the violation of fair lending rules.

Tue, 19 Mar 2019 20:01:24 GMT

EU's markets watchdog to release guidance on share trading

On Tuesday, the European Securities and Markets Authority released guidance on share trading in the event of no Brexit agreement.

Tue, 19 Mar 2019 20:01:12 GMT

China and US set for new trade discussions

According to a report by the Wall Street Journal, the United States and China are planning to begin new rounds of trade talks next week.

Tue, 19 Mar 2019 19:14:31 GMT

May to ask European Union to delay Brexit

The UK Prime Minister Theresa May is set to ask the European Union for a three-month Brexit delay after another vote on her Brexit deal was derailed.

Tue, 19 Mar 2019 19:08:41 GMT

Google announces video game streaming service

On Tuesday, Google Inc's unveiled a dubbed Stadia video game service, which allows users to stream high-end games on their browser.

Tue, 19 Mar 2019 18:10:30 GMT

India's Mindtree scraps hostile takeover bid by L&T

On Tuesday, India's Mindtree rejected a hostile takeover bid made by the conglomerate Larsen & Toubro, claiming the company's plan to buy a majority stake would not create any value for the IT services firm.

Tue, 19 Mar 2019 18:03:23 GMT

Indian-Omani group to construct Sri Lanka oil refinery

Oman's Ministry of Gas and Oil and India's Accord Group have clinched a deal to construct a Sri Lanka oil refinery, a challenging move aimed at China, which had been the leading foreign investor in the country until that time.

Tue, 19 Mar 2019 17:36:52 GMT

Macquarie to sell Gdansk port terminal for $1.3B

Australia's Macquarie has agreed to sell Poland's Gdansk container terminal to an investor consortium, which includes the Polish sovereign wealth fund PFR, in a deal valued at $1.3B.

Tue, 19 Mar 2019 17:30:14 GMT

Cemex shares soar on German assets deal

Shares of the Mexican cement producer Cemex surged by over 2% on Tuesday after the firm had announced a sale of its aggregates and assets in Germany.

Tue, 19 Mar 2019 16:25:29 GMT

Jones Lang LaSalle to acquire HFF for $2.0B

Jones Lang LaSalle, the real estate services operator announced on Tuesday it would acquire HFF Inc, the provider of capital markets services, in the cash-and-stock deal worth around $2.0B.

Tue, 19 Mar 2019 16:21:33 GMT

INEOS acquires US titanium dioxide unit for $700M

On Tuesday, the British chemicals company INEOS stated it would acquire Cristal's US titanium dioxide business unit from Tronox in a deal valued at $700M.

Tue, 19 Mar 2019 15:39:30 GMT

Asian hospital business draws interest from PE firms

The global private equity companies, such as Carlyle, KKR and CVC, have raised their interest in the Asian hospital business owned by Columbia Pacific Management, in a possible deal that could attract about $2.0B.

Tue, 19 Mar 2019 15:35:38 GMT

Merkel not to interfere into Commerzbank-Deutsche merger

On Tuesday, Germany's Chancellor Angela Merkel stated she was not eager to take a stand on the potential merger between Deutsche Bank and Commerzbank, saying only the lenders could decide on their deal.

Tue, 19 Mar 2019 14:39:42 GMT

Blackstone, Advent bid for WPP's unit Kantar

Blackstone and Advent, the US buyout funds, have entered talks with the advertising group WPP, seeking to bid for the majority stake in the data analytics company Kantar.

Tue, 19 Mar 2019 14:29:01 GMT

Fiat Chrysler shares up on Peugeot interest

On Tuesday, Fiat Chrysler shares surged as much as 5.2%, after the head of the Peugeot family holding group FFP stated he would back a potential merger deal with Fiat Chrysler.

Tue, 19 Mar 2019 12:00:48 GMT

AMS agrees JV for environmental sensor unit

Austria's chipmaker and Apple supplier AMS agreed on joint venture for the environmental sensor business formed with the private equity firm Wise Road Capital, as the company seeks to focus on other areas of the business.

Tue, 19 Mar 2019 11:53:35 GMT

AXA to cut stake in AXA Equitable below 50%

The French insurer AXA stated it would cut 40M shares in AXA Equitable Holdings by selling them via the secondary offering on the back of the company's plan to divest from its US life insurance business.

Tue, 19 Mar 2019 10:57:00 GMT

Theresa May works around Brexit obstruction

On Tuesday, the Prime Minister of the United Kingdom was looking for a way to bypass the ruling of the Parliament Speaker that forbid another Brexit vote without making changes to the deal.

Tue, 19 Mar 2019 10:56:32 GMT

Evergrande will produce electric vehicles

The Chinese property group Evergrande announced on Tuesday that it will start producing electric cars in June. The company intends to become the largest electric vehicle company.

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