News

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Fri, 08 Mar 2019 15:44:16 GMT

US economy gains 20K positions in February

The US job growth stalled last month, with the country's economy creating only 20K jobs, as retail and construction payrolls declined, which could increase concerns over a sharp fall in economic activity.

Fri, 08 Mar 2019 14:55:42 GMT

Germany's EWE launches minority stake sale

Germany's regional utility EWE has launched the sale of its 26% minority stake, with potential suitors awaited to express their interest by March 21 until 100 GMT.

Fri, 08 Mar 2019 14:50:48 GMT

DowDuPont to split material science unit

On Friday, DowDuPont announced its board had approved split of the material science unit, which name would be changed for Dow, starting from April 1.

Fri, 08 Mar 2019 14:39:08 GMT

Metro aims to sell Real hypermarkets this spring

Germany's wholesaler Metro is seeking for a sale of the company's loss-making hypermarkets chain Real within the next two months, its CEO Olaf Koch announced on Friday.

Fri, 08 Mar 2019 14:36:32 GMT

Michelin acquires 88% in Indonesia's Multistrada

Michelin, the French tire maker, stated it had acquired an 88% stake in the Indonesian peer firm Multistrada Arah Sarana in a deal valued at $480M, boosting its presence in the Asian market.

Fri, 08 Mar 2019 13:39:11 GMT

China regulator grants approval to 95 video games

On Friday, Chinese content regulator has granted its approval to the 95 video games monetisation, including titles from NetEase and Tencent Holdings.

Fri, 08 Mar 2019 13:36:59 GMT

Tesla ties up with China lenders over Gigafactory

Tesla has entered an agreement with the Chinese lenders for a %521M worth 12-month facility for the electric automaker's Gigafactory in Shanghai, securing new banks commitments to invest in the US.

Fri, 08 Mar 2019 12:36:40 GMT

Consortiums bid for gas pipeline building in Bulgaria

Three consortiums have made their bids, seeking for a $1.6B worth construction of a gas pipeline in Bulgaria to carry Russia's natural gas across the country, according to Bulgartransgaz.

Fri, 08 Mar 2019 12:23:18 GMT

Germany's Linde plans South Korea assets sale

Linde, Germany's industrial gases group, agreed for a sale of its South Korea assets to the local PE company IMM in a deal worth $1.15B, two people with knowledge on the matter stated on Friday.

Fri, 08 Mar 2019 10:44:19 GMT

Swedish Crown reaches new low level

The Swedish Crown on Friday reached a sixteen year low level. The reason for the fall was the announcement that the central bank of Sweden will continue its monetary stimulating policy.

Fri, 08 Mar 2019 10:43:48 GMT

Touchstone will invest in Helsinki-Tallinn tunnel

On Friday, the Chinese firm Touchstone Capital Partners announced that it will invest fifteen billion EUR in the building of a rail tunnel between Helsinki and Tallinn.

Fri, 08 Mar 2019 10:35:35 GMT

Airbus shares drop on weak orders

On Friday, Airbus shares plunged 1.7% on a report of the European planemaker's weak order figures.

Fri, 08 Mar 2019 10:27:10 GMT

Uber pays $2.6M in Dutch case settlement

Uber had to pay about $2.6M to settle the Dutch case, as the company offered taxi service with no licence in the country in 2014-2015, the Netherlands authorities stated on Friday.

Fri, 08 Mar 2019 09:14:57 GMT

Yamana Gold set to develop Argentinian mine

Yamana Gold has tied up with other miners, Goldcorp and Glencore, to develop Yamana's Agua Rica copper and gold mine in Argentina by using facilities and infrastructure of the all firms' existing venture.

Fri, 08 Mar 2019 09:11:44 GMT

Altice USA explores Lightpath unit sale

Cable operator Altice USA is considering possible options for the Lightpath fiber division, including a sale to large corporations, which could potentially value the company at $3.0B, sources reported.

Fri, 08 Mar 2019 07:50:23 GMT

Parsons to launch IPO worth about $3.0B

The engineering and construction firm known for building subways and airports, The Parsons Corporation, filed for the US initial public offering that could value the firm at around $3.0B.

Fri, 08 Mar 2019 07:50:13 GMT

Citadel to shut down Aptigon unit, Felder to leave

On Thursday, one of the largest hedge funds in the world, Citadel, announced it would close its Aptigon Capital stock unit after two years it had launched the equities division, while its CEO Eric Felder was set to leave the company.

Fri, 08 Mar 2019 07:32:02 GMT

Commerzbank, Deutsche Bank revive merger talks

Chief Executives of Commerzbank and Deutsche Bank revived their talks about a potential merger deal of the Germany's two largest lenders, according to a Focus magazine report seen on Friday.

Fri, 08 Mar 2019 07:23:18 GMT

Airbnb acquires HotelTonight app

Airbnb, the home-renting company, stated it had acquired an app for finding discounted hotel rooms, HotelTonight, for an undisclosed amount, amid the company's expansion into the hotel-booking business to lure more travellers.

Fri, 08 Mar 2019 06:25:21 GMT

US threatens banks supporting Maduro

On Thursday, the US special envoy for Venezuela Elliott Abrams threatened to impose sanctions on banks and other financial institutions working with Venezuela's President Nicolas Maduro.

Fri, 08 Mar 2019 06:21:53 GMT

China's ironstone February imports plummet

According to report revealed by the General Administration of Customs, China's imports of iron ore in February dropped to 83.08M tonnes, thus hitting the 10 month low.

Fri, 08 Mar 2019 05:24:17 GMT

China's exports hit three years low

The China's General Administration of Customs reported on Friday that the country's exports in February hit the three year low, thus reflecting the gradual slowdown of the world's second economy.

Fri, 08 Mar 2019 05:19:13 GMT

China's coal imports drop in February

According to data released by the General Administration of Customs, in February China imported only 17.6M tonnes of coal, compared to the 33.50M tonnes in January.

Fri, 08 Mar 2019 03:37:06 GMT

India to expand Iran's oil sanctions waiver

India is set to keep buying Iran's oil at the current 300K bpd level, as it negotiated with Washington over extending the waiver of the US sanctions past early May, two sources said.

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