News

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Thu, 24 Jan 2019 18:02:53 GMT

Poland to exclude Huawei from 5G network plans

Poland announced on Thursday it had decided to eliminate China's Huawei from its plans on establishing 5G network in near future, following tech giant's employee arrest on spying suspicion.

Thu, 24 Jan 2019 16:56:12 GMT

Kuehne & Nagel walks away from Panalpina bid

Kuehne & Nagel International has left its mega-merger deal with Panalpina to Denmark's DSV with its approach for the company worth over $4.0B.

Thu, 24 Jan 2019 16:53:03 GMT

1&1, United Internet hold meeting on German 5G bid

On Thursday, two telecoms companies 1&1 and United Internet have held a meeting over participation in the German 5G license auction, which could potentially result in Germany's fourth network operation creation.

Thu, 24 Jan 2019 16:27:38 GMT

Bosch launches buyout of Daimler's stake in JV

Robert Bosch, the German auto supplier, announced on Thursday it bought out Daimler's stake in the joint venture called EM-Motive GmbH, which produced motors for hybrid and electric vehicles.

Thu, 24 Jan 2019 16:07:25 GMT

BP makes investment into China EV charging platform

On Thursday, BP stated it had made an investment into China's start-up PowerShare, a platform that connected electric car drivers to charging stations and assisted power suppliers with distribution balance.

Thu, 24 Jan 2019 15:36:16 GMT

US raises concerns over Indian restrictions hitting retailers

The US government have voiced concerns over India's new e-commerce restrictions, as they would hit the country's largest retailers Walmart and Amazon.com.

Thu, 24 Jan 2019 15:30:16 GMT

US shutdown to hit IPO market heavily

On Thursday, Morgan Stanley's CEO James Gorman stated the IPO market would have harmful consequences, if the American government's shutdown continued much longer.

Thu, 24 Jan 2019 13:58:46 GMT

Volvo's Polestar to potentially launch IPO in future

Volvo Cars stated on Thursday its electric car unit Polestar might launch an initial public offering in the future, but the owner had no plans for the company's listing now.

Thu, 24 Jan 2019 13:53:01 GMT

IAG has no plans to make new offer for Norwegian

On Thursday, the owner of British Airways, IAG, announced it had no plans to launch new bid for Norway's firm Norwegian Air Shuttle, considering to sell the rest of the company's stake.

Thu, 24 Jan 2019 13:38:04 GMT

Aramco looks for advisers for its SABIC debt financing

Saudi Aramco is looking for advisers to lead the process of its debt financing necessary for the stake acquisition in SABIC, banking resources said on Thursday.

Thu, 24 Jan 2019 13:35:38 GMT

Bombardier to purchase jet wing-making unit

Canada's Bombardier announced it would acquire Triumph Group's aircraft wing-making division, seeing to bolster its business jets programme, not disclosing financial terms of the deal.

Thu, 24 Jan 2019 12:25:22 GMT

Things Remembered to file for bankruptcy

The US gift retailer Things Remembered is getting ready to file for the Chapter 11 bankruptcy protection in the nearest future, closing about 400 stores across the country.

Thu, 24 Jan 2019 12:14:58 GMT

Vertex fires COO over "personal behaviour" violations

Vertex Pharmaceuticals fired Ian Smith, its interim Chief Financial Officer and Chief Operating Officer, due to "personal behaviour" that had violated the company's code of conduct.

Thu, 24 Jan 2019 10:50:18 GMT

US House panels send queries to Deutsche Bank

Deutsche Bank announced on Thursday that the bank has received inquiries from committees of the House of Representatives of the United States. The committees are asking for information about the bank's ties to the US President Donald Trump.

Thu, 24 Jan 2019 10:49:03 GMT

Euro declines before ECB announcement

On Thursday, the European Central Bank was about to make its first central bank's rate announcement at 12:45 GMT and host a press conference at 13:30 GMT. Before the event, the Euro was declining in value.

Thu, 24 Jan 2019 10:27:43 GMT

Gossamer launches risky IPO despite US shutdown

The biotech start-up Gossamer is set to launch a risky initial public offering, despite the US government shutdown, which froze stock market debuts, the company stated on Wednesday.

Thu, 24 Jan 2019 10:18:32 GMT

Renault to appoint new leadership as Ghosn resigns

On Thursday, the Renault board held a meeting to appoint new leaders of the company, as the CEO and Chairman Carlos Ghosn had resigned on the back of the financial scandal.

Thu, 24 Jan 2019 09:36:06 GMT

Avista, Hydro One halt merger as no approval received

The US electric utility Avista and its Canadian rival Hydro One have decided to terminate the companies' $5.02B planned merger, after the US state regulators rejected the deal.

Thu, 24 Jan 2019 09:31:41 GMT

BoA appoints new investment bank COO

Bank of America has named Mike Joo, the head of currencies origination and global rates, as the corporate and investment bank's new Chief Operating Officer amid David Glaser's resignation.

Thu, 24 Jan 2019 08:19:58 GMT

Japan's KDDI likely to invest in Kabu.com Securities

Japan's second-biggest mobile phone operator KDDI Corp is thinking over an investment into Kabu.com Securities, as it seeks expansion in the financial industry.

Thu, 24 Jan 2019 08:10:28 GMT

Easyhome to take its new retail unit public

The home improvement chain backed by Alibaba, Easyhome, is set to float its new retail unit in a $5.7B reverse merger deal with the Chinese listed retail conglomerate, stock exchange statements showed on Thursday.

Thu, 24 Jan 2019 07:33:09 GMT

Benis takeover postponed amid US government shutdown

The world's largest listed packaging group Amcor is delaying its takeover of the US competitor Bemis by a quarter, citing partial shutdown of the American government.

Thu, 24 Jan 2019 07:29:15 GMT

Global auto mergers double last year

The global auto industry merger deals more than doubled in 2018, hitting the all-time-high to $97.5B, compared to the year earlier, and boosted by mega-deals in the automotive car parts sector, PwC reported.

Thu, 24 Jan 2019 05:57:17 GMT

Japan's manufacturing growth stalls in January

The Japanese manufacturing growth flatlined in January, as export orders dropped at the strongest pace in more than years, while firms cut back production, a preliminary survey revealed.

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