News

Note: This section contains information in English only.
Tue, 10 Jul 2018 15:11:03 GMT

Iranian top advisor will meet Putin

An adviser of the Iranian Supreme Leader is set to visit Moscow on Wednesday and meet with Vladimir Putin.

Tue, 10 Jul 2018 15:10:07 GMT

SEC accuses ex-CEO of Heartland Payments

The Securities and Exchange Commission of the United States on Tuesday charged the previous CEO of Heartland Payments with insider trading.

Tue, 10 Jul 2018 14:38:38 GMT

Activist Paulson cuts stake in Britain's Premier Foods

Paulson & Co reduced its holding in the British firm Premier Foods to a little bit over 6% compared to the previous 7.5%, the hedge fund company stated on Monday.

Tue, 10 Jul 2018 14:35:40 GMT

Fuji Xerox head: no dispute can cause Xerox-Fujifilm deal

On Tuesday, the Chief Executive of Fuji Xerox stated that no dispute escalating between the partners would lead to the joint venture's dissolution.

Tue, 10 Jul 2018 13:39:44 GMT

Petrobras closer to $1.3B stake sale in African venture

Petroleo Brasileiro, Brazi's state-owned oil firm, is nearing an agreement to sell its stake in the African venture for about $1.3B, according to the Valor Economico newspaper.

Tue, 10 Jul 2018 11:55:15 GMT

Softbank's Japan telecoms arm files for IPO in Tokyo

SoftBank Group's japan telecommunications division has applied for listing on Tokyo's Stock Exchange, with SoftBank remaining its major consolidated subsidiary after the listing.

Tue, 10 Jul 2018 11:48:32 GMT

France's Total ready to sell stake in Britain's North Sea fields

France's Total is preparing to sell its stake worth about $1.5B in its gas and oil assets in the British North Sea fields, four industry and banking sources stated on Monday.

Tue, 10 Jul 2018 11:39:06 GMT

PAI raises takeover bid for Ontex, gets access to its books

PAI Partners has lifted its proposed takeover bid for the Belgian diaper maker Ontex, gaining access to the company's books, the private equity group stated on Monday.

Tue, 10 Jul 2018 11:36:48 GMT

EU approves Deutsche Telekom's takeover of Liberty Global unit

On Monday, the European antitrust regulator approved Deutsche Telekom's purchase worth $2.23B of Liberty Global's Austrian unit, adding the takeover deal should not hurt competition.

Tue, 10 Jul 2018 09:18:47 GMT

Gateway Lifestyle Group drops revised bid by Hometown

On Tuesday, Australia's Gateway Lifestyle Group has rejected a revised bid from Hometown America, offering $514M in cash, as it was not in company's and shareholders' best interest.

Tue, 10 Jul 2018 09:11:35 GMT

TCV, CPPIB acquire stake in Switzerland's Sportradar

The Silicon-Valley's investor TCV and Canada Pension Plan Investment Board acquire a stake in the Swiss sports data company Sportsradar, valuing the group at $2.5B, including debt.

Tue, 10 Jul 2018 08:36:53 GMT

BMW signs MoU with Baidu to join self-driving platform Apollo

On Tuesday, BMW said it had inked a memorandum of understanding with the Chinese tech titan Baidu to join its self-driving platform Apollo, as the group's board member.

Tue, 10 Jul 2018 08:34:19 GMT

Tesco's Wilson to be replaced by CPO Jason Tarry

Tesco, the British largest supermarket, announced that it has named Jason Tarry, the company's Chief Product Officer, to replace the UK and Ireland head Charles Wilson, after he had been diagnosed with cancer.

Tue, 10 Jul 2018 07:07:43 GMT

Ping An Asset Management to buy 19.7% stake in China Fortune Land

China Fortune Land Development announced on Tuesday that Ping An Asset Management was ready to acquire its 19.7% stake worth $2.09B from the company's controlling shareholder.

Tue, 10 Jul 2018 07:03:44 GMT

Japan's Idemitsu to merge with Showa Shell in April

On Tuesday, Idemitsu Kosan, Japan's oil refiner has won founding family's approval for a merger with Showa Shell Sekiyu the next year, on April 1.

Tue, 10 Jul 2018 06:39:34 GMT

Sorrell outraces WPP to buy Dutch agency MediaMonks

Martin Sorrell has topped the WPP offer to acquire the Dutch highly coveted agency MediaMonks, in a deal that could probably sour relations with the firm he founded.

Tue, 10 Jul 2018 06:35:19 GMT

US regulator grants key approval to Takeda's takeover of Shire

On Tuesday, the Japanese group Takeda Pharmaceutical stated it had received a key US regulatory approval to acquire the British firm Shire in a deal valued at $62B.

Tue, 10 Jul 2018 05:08:04 GMT

Jtekt holds off on expansion plan in Mexico awaiting NAFTA

Jtekt, the Japanese auto parts supplier, stated that it was delaying plan of expanding production in Mexico, pending the outcome of negotiations over the NAFTA.

Tue, 10 Jul 2018 05:07:09 GMT

China producer prices grow markedly in June

China's producer inflation marked the strongest growth pace in six months in June, supported by high commodity prices and the threat of putting more pressure on exporters amid trade war between Beijing and Washington.

Tue, 10 Jul 2018 04:03:10 GMT

China, Panama begin free trade talks

China and Panama started free trade talks, aiming to craft an agreement, which could turn the country in Central America into a hub for China's goods across Latin America.

Tue, 10 Jul 2018 03:57:27 GMT

Alphabet, Uber invest in bike sharing firm Lime

Bike sharing firm Lime stated on Monday it raised $335M from an investors' group, which included Allphabet and ride-sharing company Uber Technologies.

Tue, 10 Jul 2018 02:54:35 GMT

Brent crude prices grow as oil workers in Norway set to strike

Oil prices grew on Tuesday on rising concerns about likely supply shortages, with Brent crude oil leading the way, as Norway's oil workers were expected to strike later today after failed wage negotiations.

Tue, 10 Jul 2018 02:54:24 GMT

Japan to tap reserve funds for flood disasters

Japan's Finance Minister Taro Aso stated that the government would use funds reserved in the fiscal budget for 2018 to help restore infrastructure and lifelines in the flood stricken regions in the West of Japan.

Tue, 10 Jul 2018 02:33:48 GMT

SoftBank to buy $2B of Yahoo Japan shares from Altaba

SoftBank Group Corp statedthat its unit SoftBank Corp is set to buy $2B worth shares in Yahoo Japan, a 10.78% stake, currently held by the US investment firm Altaba.

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