News

Note: This section contains information in English only.
Wed, 11 Jul 2018 12:37:44 GMT

Juneyao Airlines makes $1.9B investment for stake in China Eastern

Juneyao Airlines has invested $1.9B together with its parent for a nearly 5% stake in the state-controlled China Eastern Airlines, adding it is in line with China's policy.

Wed, 11 Jul 2018 12:34:56 GMT

GEMS postpones London IPO worth multibillion dollars

The Blackstone-backed education firm GEMS has postponed its initial public offering in London, following Dubai authorities' decision to freeze its tuition fees, sources reported.

Wed, 11 Jul 2018 11:38:09 GMT

Sainsbury's appoints Scicluna as its new Chairman

The British second biggest supermarket chain, Sainsbury's has appointed Martin Scicluna as the group's next chairman ahead of its $9.69B acquisition deal with rival Asda.

Wed, 11 Jul 2018 11:34:51 GMT

Israel seeks divesting rest of stake in Bank Leumi in 12 months

On Wednesday, the Israeli government stated it was considering a sale of the remaining 5.8% of stake in Bank Leumi, it's second-biggest lender, within a year of the lawmakers' approval.

Wed, 11 Jul 2018 10:16:14 GMT

China threatens the US with retribution

Chinese officials on Wednesday announced that the country will retaliate to the US bullying done through trade tariffs.

Wed, 11 Jul 2018 10:13:57 GMT

Chinese sovereign fund to be hit by trade wars

On Wednesday, the president of the Chinese sovereign fund announced that the investments are set to be influenced by trade wars.

Wed, 11 Jul 2018 09:25:06 GMT

Thomas Bravo to acquire controlling stake in Centrify

Thomas Bravo has agreed to buy a controlling stake in the cyber-security firm Centrify, with the deal expected to be announced as early as next Tuesday, sources reported on Wednesay.

Wed, 11 Jul 2018 09:21:26 GMT

France's Total, Brazil's Petrobras consider establishing joint venture

Petroleo Brasileiro's executive stated on Wednesday the state-led oil firm could possibly form a joint venture with France's Total, as the companies seek exploring more business options for renewable energy.

Wed, 11 Jul 2018 07:53:00 GMT

Canopy Growth to acquire Hiku Brands for nearly C$270M

The Canadian firm Canopy Growth is set to acquire Hiku Brands, the Tokyo Smoke cannabis owner, in a deal worth C$269.2M, beating its rival bidder WeedMD.

Wed, 11 Jul 2018 07:52:50 GMT

Univision considers The Onion, Gizmodo sale

Spain's Univision Communications stated it is exploring the possible sale of The Onion and Gizmodo Media Group and has hired Morgan Stanley as its Financial Adviser to help in the process of a sale.

Wed, 11 Jul 2018 07:34:53 GMT

AT&T to acquire cyber-security company AlienVault

On Tuesday, AT&T agreed to acquire the privately-owned Silicon Valley's start-up AlienVault that would allow the telecommunications company to expand its cyber-securities product line.

Wed, 11 Jul 2018 07:13:44 GMT

China's Luckin Coffee attracts $200M to boost expansion

On Wednesday, Luckin Coffee announced it raised $200M in a new fundraising round, bringing its value to $1.0B, as the Chinese start-up had been expanding aggressively to outrace its rival Starbucks.

Wed, 11 Jul 2018 06:39:59 GMT

JD.com's finance arm attracts $2.0B, doubles valuation

JD.com's finance unit raised around $1.96B in the fresh equity with China investors, doubling the valuation of the company ahead of the scheduled IPO.

Wed, 11 Jul 2018 06:36:34 GMT

21st Century Fox agrees $32.5B deal to buy Sky

On Wednesday, Rupert Murdoch's Twenty-First Century Fox agreed to acquire Britain's Sky in a deal that would value the pay-TV company at $32.5B, topping its rival Comcast's bid.

Wed, 11 Jul 2018 02:36:41 GMT

Japan machinery orders fall less than anticipated in May

Japan's core machinery orders dropped in May, pulling back from the prior month's big gain, though the decrease was softer than anticipated, easing concerns about slowing capital expenditure due to US-China trade war.

Wed, 11 Jul 2018 02:32:35 GMT

US to impose tariffs on extra $200B of China's imports

The Trump administration raised stakes in the trade war with China, saying that it is set to slap 10% tariffs on extra $200B worth of China's imports.

Tue, 10 Jul 2018 21:12:45 GMT

United States prepare to review Afghanistan strategy

On Tuesday, it was officially announced that the United States are preparing to review their war strategy in Afghanistan.

Tue, 10 Jul 2018 21:12:03 GMT

US stocks end session in the green

The major US stock indexes ended the day's trading session positively, as the US stock market continue to surge.

Tue, 10 Jul 2018 20:10:33 GMT

TCS posts record profits

The biggest software firm in India Tata Consultancy Services has posted a record profit and is still expecting to gain in the next years.

Tue, 10 Jul 2018 20:09:31 GMT

Two people are convicted of insider trading

In the United States two employees of biopharmaceutical companies have been convicted for insider trading done by knowing confidential information.

Tue, 10 Jul 2018 19:11:32 GMT

Trump is still not sure about Putin

The President of the United States Donald Trump on Tuesday announced that it is still unsure whether Vladimir Putin is to be considered a friend or enemy to the US.

Tue, 10 Jul 2018 19:10:15 GMT

US judge allows Monsanto lawsuit

A US judge has approved the proceeding of hundreds of lawsuits that allege that Monsanto's weed killer causes cancer.

Tue, 10 Jul 2018 18:01:22 GMT

US stock markets surge

US stocks surged on Tuesday, as the surge was being driven by the stock of Pepsi and oil prices.

Tue, 10 Jul 2018 18:00:38 GMT

Vietnam arrests former Mobifone chairman

Vietnamese authorities have detained the former chairman of Mobifone on allegations of mismanagement and corruptions.

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