News

Note: This section contains information in English only.
Mon, 10 Sep 2018 10:05:46 GMT

Financial Markets focus on Alibaba's CEO

On Monday, as the chairman of Alibaba announced his retirement, financial market participants began to discuss the CEO of the company, who will run the company in the future.

Mon, 10 Sep 2018 09:38:45 GMT

Generali plans acquiring more asset managers

Assicurazioni Generali are planning to acquire more asset managers, following the exclusive talks to purchase the controlling stake in France's Sycomore.

Mon, 10 Sep 2018 09:34:54 GMT

Enel in talks to single buyer for Russia's power plant

Enel, the Italian largest utility, is in talks to a single acquirer for its Russian power factory Reftinskaya, seeking to clinch the deal by this year's end, its CEO stated.

Mon, 10 Sep 2018 08:36:48 GMT

Poland's Pekao plans small acquisitions in digital banking

The Polish Pekao Bank is eyeing to acquire a local independent asset manager and a small foreign digital bank, the country's second largest lender announced on Saturday.

Mon, 10 Sep 2018 08:33:34 GMT

Leonardo to acquire Vitrociset, drops Fincantieri's bid

Leonardo, the Italian defence group, is set to acquire a 98.5% stake of Vitrociset's security and defence services, thwarting the shipbuilder Fincantieri's bid.

Mon, 10 Sep 2018 07:25:14 GMT

Clariant stake buy approval paves way for strategic update

On Monday, the Swiss specialty chemical producer Clariant stated that the approval for SABIC to take its 24.99% stake would pave the way for both firms to intensify their cooperation.

Mon, 10 Sep 2018 07:24:33 GMT

Spain's Repsol to purchase Venture Global's LNG

Venture Global has clinched a 20-year deal to supply the Spanish energy firm Repsol with the 1M tonnes of its US liquefied natural gas, the company stated on Friday.

Mon, 10 Sep 2018 06:38:40 GMT

RPC launches early talks with Bain Capital, Apollo Global for buyout bid

RPC Group has launched preliminary talks with Bain Capital and Apollo Global Management over a buyout offer for the firm, it stated on Monday.

Mon, 10 Sep 2018 06:33:57 GMT

Aston Martin appoints new board ahead of IPO

On Monday, the luxury automaker Aston Martin has named new board, including a non-executive chairwoman, confirming the company's intention to launch the initial public offering.

Mon, 10 Sep 2018 05:19:01 GMT

Viacom shares likely to rise on reviving strategy

Viacom shares could rise up to 20% within the coming year on the firm's strategy to revive itself for digital age taking root.

Mon, 10 Sep 2018 04:40:03 GMT

Kraft Heinz still considers M&A deal

The CEO of Kraft Heinz stated on Friday the company was still considering an acquisition to the fuel growth, despite seeing rising costs and trade conflicts.

Mon, 10 Sep 2018 04:37:45 GMT

Alstom, Siemens rail merger to be decided until January 28

The EU Commission has set January 28 as a deadline to decide on the scheduled rail merger of Alstom and Siemens.

Mon, 10 Sep 2018 02:54:45 GMT

Japan GDP grows strongly in Q2

The Japanese economy grew at the fastest pace since 2016 in the April-June period, owing to capital spending increasing quickly than estimated before.

Mon, 10 Sep 2018 02:54:29 GMT

Investa to decide on Blackstone bid on Sept 17

Investa Office Fund stated it has set September 17 as the date for the company's shareholders to vote on Blackstone's $2.4B bid.

Mon, 10 Sep 2018 02:33:54 GMT

Chinese PPI growth above expectations last month

China's Producer Price Index increased 4.1% in August, slowing from the prior month's 4.6% growth, but rising above expectations for 4.0% gain, the statistics bureau said.

Mon, 10 Sep 2018 02:30:05 GMT

China CPI up 2.3% year-over-year in August

The Chinese Consumer Price Index grew 2.3% year-on-year in August, the strongest pace since February 2018 and beating expectations, the report showed on Monday.

Sun, 09 Sep 2018 20:01:45 GMT

Bannon says President Trump is facing a coup

On Sunday, former White House senior strategist Steve Bannon said that the US President Donald Trump is facing a coup, referring to a column in the New York Times.

Sun, 09 Sep 2018 20:00:58 GMT

Tens of Syrian refugees return home

The National News Agency reported on Sunday that tens of Syrian refugees have returned to their homeland from Lebanon by bus.

Sun, 09 Sep 2018 19:22:26 GMT

Swedish anti-immigration party expects to make gains

On Sunday, TV4 voter poll showed that the Sweden Democrats, the anti-immigration party, is expected to make substantial gains in the country's general elections.

Sun, 09 Sep 2018 19:14:14 GMT

Sweden's centre-left party holds slim lead

On Sunday, TV4 voter poll showed that Swedish centre-left party held an extremely slim lead over opposition centre-right alliance, in the country's general elections.

Sun, 09 Sep 2018 18:28:27 GMT

Egypt to release jailed Lebanese tourist

On Sunday, the Egyptian state-run news agency reported that the Lebanese tourist, who was sentenced to jail for eight years over a Facebook post, is set to be released.

Sun, 09 Sep 2018 18:23:54 GMT

UAE's Crown Prince issues five decrees for Executive Council

On Sunday, Mohammed Bin Zayed Al-Nahyan, the United Arab Emirates Crown Prince, announced five decrees for the Chairman of Abu Dhabi Executive Council.

Sun, 09 Sep 2018 16:58:33 GMT

Genoa's bridge reconstructions costs are revealed

On Sunday, local officials of Genoa revealed that the reconstruction of the collapsed motorway might cost up to 200 million Euros.

Sun, 09 Sep 2018 16:58:19 GMT

UK's Labour party wants to give financial stake to workers

The Labour party of the United Kingdom on Sunday revealed that it would force medium to large size companies to share ownership with the employees of the companies.

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