News

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Mon, 18 Mar 2019 10:47:02 GMT

China rejects US accusations

On Monday, Chinese diplomats were visiting Brussels in an effort to dismiss US warnings about Huawei and cool down frustrations in the European Union.

Mon, 18 Mar 2019 10:28:23 GMT

Italy's Nexi launches IPO on Monday

On Monday, the Italian payments company Nexi has launched an initial public offering, seeking to raise up to €700M, while aiming at the overall valuation of about €8.0B.

Mon, 18 Mar 2019 10:16:48 GMT

L&T to spend $1.0B in hostile bid for Mindtree

India's Larsen & Toubro is set to spend about $1.02B in a hostile takeover of the IT services firm Mindtree, according to the Times of India's report published on Monday.

Mon, 18 Mar 2019 09:31:34 GMT

Commerzbank, Deutsche merger puts 30K jobs at risk

A merger between Deustche Bank and Commerzbank might result in massive job cuts of about 30K positions, the German union Verdi's representative Jan Duscheck stated on Monday.

Mon, 18 Mar 2019 09:10:28 GMT

Fidelity National to acquire Worldpay for $35B

Fidelity National Information Services, the US fintech group, agreed to acquire the payment processor Worldpay in a deal worth $35B, seeking expansion in the rapidly changing industry.

Mon, 18 Mar 2019 08:16:46 GMT

JD Sports to acquire smaller rival Footasylum

JD Sports Fashion agreed to acquire its smaller competitor Footasylum in a deal worth $119.3M, about a month after it had raised stake in the youth clothes and footwear seller to over 18%.

Mon, 18 Mar 2019 08:12:45 GMT

Novatek nearing deal on Arctic LNG 2 project

Russian gas giant Novatek's CEO Leonid Mikhelson announced he was nearing a deal with Saudi Aramco on the Arctic LNG 2 project, adding he did not see the LNG prices to change following project's launch.

Mon, 18 Mar 2019 07:28:34 GMT

Trump urges GM CEO to reopen Ohio plant

On Sunday, the US President Donald Trump called on the General Motors Chief Executive Mary Barra to do everything to reopen its Lordstown, Ohio factory as soon as possible, after the plant was idled over a week ago.

Mon, 18 Mar 2019 07:25:06 GMT

Apple Watch may detect irregular heart pulse rates

According to a recent large US study funded by Apple, the tech giant's Apple Watch can detect irregular heart beat that could signal about the need to monitor the possible serious heart rhythm issues.

Mon, 18 Mar 2019 06:20:18 GMT

Constellation seeks selling some wine brands

Constellation Brands, the Corona beer maker, has entered advanced talks, seeking to sell some low-end wine brands to the privately-owned E.&J. Gallo Winery, in a deal that could be valued at over $2.0B, CNBC reported.

Mon, 18 Mar 2019 06:16:06 GMT

Allianz considers merging its asset management arm

Germany's insurer Allianz is exploring option to combine its asset management unit with DWS that is mostly held by Deutsche Bank, according to a Bloomberg report published this weekend.

Mon, 18 Mar 2019 05:23:41 GMT

PFG may buy Wells Fargo's retirement unit

Principal Financial Group has entered the advanced talks over an acquisition of the Wells Fargo's retirement plan services unit, in a potential deal that could be valued over $1.0B, Reuters reported.

Mon, 18 Mar 2019 05:17:26 GMT

Caesars, Eldorado Resorts consider merger deal

The US casino operators Caesars Entertainment and Eldorado Resorts are exploring a possible merger deal, while having market capitalisations of $5.B and $3.6B, respectively.

Sun, 17 Mar 2019 21:22:51 GMT

China creates $7.45B fund

On Sunday, the China's Shanxi Province has established a $7.45B fund whose goal is to stimulate growth of the local industries, including various coal mining companies.

Sun, 17 Mar 2019 21:18:49 GMT

Maduro to restructure government

The Vice President of Venezuela Delcy Rodriguez stated on Sunday that the country's president Nicolas Maduro is preparing a "deep restructuring" of the government.

Sun, 17 Mar 2019 20:28:19 GMT

Venezuela announces drills to prevent new sabotage

On Sunday, the Venezuelan authorities have announced the start of civic-military drills aimed at protection of public services from the possible new acts of sabotage.

Sun, 17 Mar 2019 20:25:08 GMT

French PM to inroduce new security measures

The Prime Minister of France, Edouard Philippe stated on Sunday that the government would propose concrete steps to pacify the protesters in Paris.

Sun, 17 Mar 2019 19:26:25 GMT

Iran warns US of worldwide consequences

The Iranian Minister of Petroleum Bijan Namdar Zanganeh stated on Sunday that America's intention to hit Iranian oil exports would negatively affect global markets.

Sun, 17 Mar 2019 19:20:48 GMT

Kirsten Gillibrand joins presidential race

On Sunday, the US Senator from New York Kirsten Gillibrand has formally started the election campaign to win the presidency in 2020.

Sun, 17 Mar 2019 18:02:24 GMT

Canada's ruling Liberals expect to table stimulus budget

Prime Minister Justin Trudeau's ruling Liberals party is expected to table stimulus budget next week, as the party look to eclipse crisis.

Sun, 17 Mar 2019 18:02:16 GMT

Ride-hailing platform Lyft to launch road show

According to sources with knowledge of the matter, Lyft Inc would launch the investor roadshow for up to $2 billion Initial Public Offer.

Sun, 17 Mar 2019 17:00:59 GMT

Thais vote in first parliamentary election since 2014

On Sunday, Thais went to the poll to vote in early parliamentary elections, for the first time since the 2014 military coup.

Sun, 17 Mar 2019 17:00:51 GMT

Al-Falih optimistic on oil supply cuts

Saudi Arabia's Energy Minister Khalid al-Falih stated on Sunday that he was hopeful on continued commitment on the OPEC supply cut deal.

Sun, 17 Mar 2019 15:59:06 GMT

Barkindo says OPEC members are complying with supply cut

Mohammad Barkindo, the OPEC Secretary General, said on Sunday that compliance with supply cut agreement is improving.

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