News

Note: This section contains information in English only.
Mon, 23 Jul 2018 15:52:23 GMT

Hasbro's net revenue falls 7% in Q2Y2018

The US-based toy and board game company Hasbro Inc has reported a 7% decrease in its net revenue to $904.5M in Q2Y2018, affected by the liquidation of Toys ‘R' Us.

Mon, 23 Jul 2018 15:50:54 GMT

Australia's LEI increases 0.1% in May

The Conference Board's Leading Economic Index for Australia, which is based on seven economic indicators, rose by 0.1% month-on-month in May, similarly to the preceding month.

Mon, 23 Jul 2018 15:17:28 GMT

Ericsson, Singtel to cooperate on 5G pilot project in Singapore

The telecommunications company Ericsson has announced cooperation with Singtel in order to launch the first 5G pilot network in Singapore by late 2018.

Mon, 23 Jul 2018 15:10:21 GMT

Japan's 10Y bond yield increases amid monetary tightening concerns

The Japanese 10Y bond yield rose to a six-month high on Monday in response to a Reuters report that the Bank of Japan might be considering ending its massive monetary stimulus.

Mon, 23 Jul 2018 14:22:45 GMT

Verint Systems-NSO Group merger talks end with no deal

The merger talks between the US software firm Verint Systems' security division and the Israeli cyber surveillance company NSO Group worth $1.0B have terminated with no deal being reached, sources reported on Monday.

Mon, 23 Jul 2018 14:12:52 GMT

Tesla shares plunge on report addressed to suppliers

On Monday, shares in Tesla dropped more than 4% after the report that the company asked some of its suppliers for the previously made payments' refunds, as it seeks to turn profit.

Mon, 23 Jul 2018 12:39:42 GMT

Magna-BAIC deal lifts prospects for China's automotive car production

The joint venture of Canada's car supplier Magna International and China's carmaker BAIC Group is likely to produce vehicles for the ride-hailing titan Didi Chuxing and China's e-car start-up Singulato Motors.

Mon, 23 Jul 2018 12:35:36 GMT

Blackstone secures EU approval to acquire Thomson Reuters unit

The US private equity company Blackstone Group has won the EU antitrust approval to purchase a controlling stake in the Thomson Reuters' Financial & Risk unit, the EU Commission stated on Monday.

Mon, 23 Jul 2018 10:20:56 GMT

KPMG changes chief risk officer

KPMG UK on Monday revealed that the company has named Mary O'Connor as the new chief risk officer of the company.

Mon, 23 Jul 2018 10:20:27 GMT

PwC appoints new head of risk and regulation

The audit firm PWC UK has named Sarah Isted as the head of financial services risk and regulation.

Mon, 23 Jul 2018 09:36:48 GMT

PayU acquires Israel's Zooz in $80M deal

The Israeli online payment firm PayU agreed to acquire the Tel-Aviv-based payment tech company Zooz, its Chief Executive Officer Oren Levy announced on Monday.

Mon, 23 Jul 2018 09:04:08 GMT

China's President Xi seeks to provide $295M to Sri Lanka

The President of China Xi Jinping has made a proposal to Sri Lanka to provide with a fresh grant of $295M, amid Beijing's planned influence expansion in the small island country.

Mon, 23 Jul 2018 08:39:33 GMT

Prime Opportunities recalls bid for Britain's IWG

Prime Opportunities Investment announced on Monday it would not make a takeover bid for the London-listed serviced office supplier IWG.

Mon, 23 Jul 2018 08:37:24 GMT

Wren House to acquire North Sea's NSMP for about $1.7B

Wren House, the infrastructure fund, agreed to acquire gas and oil pipeline company North Sea Midstream Partners in a deal with ArcLight Capital valued at $1.7B.

Mon, 23 Jul 2018 07:35:46 GMT

Cornerstones to buy 16% of China Tower's $8.7B HK IPO

Ten cornerstone investors are set to take about 16% of the China Tower $8.7B worth Hong Kong initial public offering, sources familiar with the issue stated.

Mon, 23 Jul 2018 07:31:54 GMT

ZTE's HK shares surge 3.8% amid bill measure cut

On Monday, shares in China's ZTE has jumped 3.8%, after the US lawmakers cut measures from the defence bill that would resume sanctions imposed on telecommunication equipment market.

Mon, 23 Jul 2018 06:27:13 GMT

KKR-led consortium set to acquire Taiwan's LCY for $1.56B

The US KKR-led consortium clinched a deal to buy the Taiwanese chemicals company LCY Chemical worth about $1.56B in stocks, both firms stated on Sunday.

Mon, 23 Jul 2018 06:20:10 GMT

Papa John's endorses rights plan to reduce founder's stake

On Sunday, Papa John's International adopted the rights plan by shareholders with a 15% trigger to keep the existing shareholders from collecting the company's majority stake.

Mon, 23 Jul 2018 04:50:41 GMT

UK IWG provides three suitors with more time for takeover bids

IWG, London's services office provider, gave its three suitors more time for making their takeover proposals, the company announced on Saturday.

Mon, 23 Jul 2018 04:50:30 GMT

Hedge fund Elliott lifts its stake in Japanese firm Alpine

Elliott Management, the US hedge fund, raised stake in Japan's Alpine Electronics to 6.3% in a move, which could put pressure on the firms to reward its minority shareholders.

Mon, 23 Jul 2018 04:06:33 GMT

Wipro seeks buying Alight's Indian operations for $117M

Wipro, the Indian third-largest software service exporter, is seeking to acquire the US-based Alight Solutions' Indian operations in a cash-deal worth $117M.

Mon, 23 Jul 2018 04:05:35 GMT

EasyJet still interested in buying parts of Alitalia

EasyJet is still seeking to buy out parts of Italy's carrier Alitalia, after the Italian government stated it sought the majority of the airline under state control.

Mon, 23 Jul 2018 03:08:40 GMT

JD.com to move into Europe

China's e-commerce company JD.com announced plans to expand in Europe and its aims to finalise the strategy for entering the market by the end of 2019, the compan's CEO stated.

Mon, 23 Jul 2018 03:03:40 GMT

European leaders press to tax digital economy

Europe's finance leaders demanded progress on global regulations to tax the digital economy at G20 Finance Ministers and central bankers' meeting in Argentina, putting them at odds with the US counterparts.

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