News

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Sat, 07 Jul 2018 05:05:48 GMT

Obrador to seek peace with drug cartels

The newly elected President of Mexico Andres Manuel Lopez stated on Friday that one of his priorities would be search of peace in protracted drug war.

Sat, 07 Jul 2018 04:06:57 GMT

Pompeo continues negotiations in Pyongyang

The US Secretary of State Mike Pompeo will continue negotiations with the North Korean senior official Kim Yong Chol over details of his country's nuclear program disarmament.

Sat, 07 Jul 2018 04:01:07 GMT

China to strengthen ties with Eastern Europe

The Chinese Premier Li Keqiang said on Saturday the country will offer to leaders of Eastern and Central Europe closer business ties at a 16+1 summit in Sofia.

Fri, 06 Jul 2018 19:54:44 GMT

Germany anticipates ECB to gradually normalize EZ rates

The Finance Minister of Germany Olaf Scholz stated on Friday that he anticipates the European Central Bank to eventually start gradually hiking interest rates in the Euro zone.

Fri, 06 Jul 2018 19:54:34 GMT

Sonos files for initial public offering on Friday

Sonos, the hi-tech wireless speakers producer, filed for IPO on Friday, amid growing prominence of streaming music via smartphone applications on connected audio systems.

Fri, 06 Jul 2018 18:50:57 GMT

France's trade deficit widens in May

French trade deficit widened in the month of May compared to the prior month, according to seasonally adjusted figures reported by the customs office, with data coming in worse-than-forecast.

Fri, 06 Jul 2018 18:50:50 GMT

German industry production expands in May

Germany's industrial production grew in May, the report showed on Friday, indicating that factories in Europe's biggest economy were regathering pace after a weak beginning of the year.

Fri, 06 Jul 2018 18:09:19 GMT

Canadian economy adds 31K of jobs in June

Statistics Canada revealed that the country's economy created 31.8K of jobs in June, which was above forecast for a 24K jobs' gain, while the jobless rate grew to 6.0% in the same period.

Fri, 06 Jul 2018 18:02:17 GMT

US trade deficit falls sharply in May

The US trade deficit dropped to a year and a half low in May, as exports increased to a record high, supported by a rise in shipments of commercial aircraft and soybeans.

Fri, 06 Jul 2018 17:11:36 GMT

Italy aims to raise 2019 deficit target to 1.4%

The new government of Italy announced plans to lift the deficit target for the next year to nearly 1.4%of economic output against the prior goal of 0.8%, two sources stated on Friday.

Fri, 06 Jul 2018 17:08:08 GMT

US ambassador: UK-US trade agreement major priority for Trump

A post-Brexit trade agreement between the UK and the US was the main priority for Donald Trump, the US ambassador to Britain stated ahead of the US President's visit to London next week.

Fri, 06 Jul 2018 16:01:58 GMT

Takeda plans selling its Osaka HQ amid $62B deal with Shire

Japan's Takeda Pharmaceutical is eager to sell the Osaka headquarters due to concerns raised over its $62B deal to acquire Britain's Shire Plc, Nikkei reported.

Fri, 06 Jul 2018 15:55:36 GMT

ACS, Atlantia get EU nod to acquire Abertis

On Friday, the European Commission has granted its approval to Italy's Atlantia and Spain's ACS for the motorway company Abertis takeover, saying the deal should not raise any competition concerns.

Fri, 06 Jul 2018 15:27:59 GMT

Generali to attract about €1.9B in German subsidiary sale

Italy's Generali agreed on selling its 89.9% majority stake in Generali Leben, the company's life insurance unit in Germany to the private equity firm Viridium for about €1.9B.

Fri, 06 Jul 2018 15:20:55 GMT

China Grand Enterprise raises interest in UK Sinclair Pharma

On Thursday, Britain's Sinclair Pharma stated it had received takeover interest from the privately-held China Grand Enterprise and its subsidiary Huadong Medicine, boosting its shares up by nearly 30%.

Fri, 06 Jul 2018 14:34:37 GMT

Sonos files for initial public offering on Friday

The wireless speaker maker Sonos has filed for the initial public offering this Friday; a decision made amid a rising popularity of the streaming music on the connected audio systems via smartphone apps.

Fri, 06 Jul 2018 14:32:15 GMT

Spain's Cabify holds no talks over selling to Lyft

On Friday, Spain's ride-hailing service Cabify stated it had no talks over a sale of its business to the US peer Lyft, denying the reports by El Confidencial newspaper.

Fri, 06 Jul 2018 12:49:32 GMT

Energean seeks buying 45% stake in Gaza Marine

On Friday, Energean's CEO stated the Greek gas and oil firm was ready to acquire a 45% stake in Gaza Marine, the off-shore gas field, if Israel and Palestina agreed.

Fri, 06 Jul 2018 12:49:22 GMT

Belgium's Ontex rebuffs takeover bid from PAI Partners

Ontex, the Belgian diaper maker, rejected a takeover offer from the private equity group PAI Partners, claiming the proposal was too low.

Fri, 06 Jul 2018 12:25:00 GMT

Altice sells out its Point de Vue magazine

Altice has agreed on a sale of its French high-society and royalty magazine "Point de Vue" amid the company's asset-disposal programme to lower debts.

Fri, 06 Jul 2018 12:15:13 GMT

Italy's Cerved works on potential M&A deals

Marco Nespolo, the CEO of Italy's debt collector and data provider Cerved Group, stated his company is working on important mergers and acquisitions among the sectors where the firm already operates.

Fri, 06 Jul 2018 11:35:14 GMT

ObsEva views Swiss IPO, trading debut this month

ObsEva, the Swiss drug development firm, is planning a listing on the Zurich SIX Swiss Exchange and a trading debut scheduled for July 13, as it seeks expansion among EU investors.

Fri, 06 Jul 2018 11:31:22 GMT

Praxair, Linde hope to seal their merger this year

Germany's industrial gases firm Linde and peer Praxair are seeking to sign a merger deal this year, after they had agreed to sell Praxair's EU gases business to Japan's competitor Taiyo Nippon Sanso.

Fri, 06 Jul 2018 10:23:50 GMT

Chinese Premier speaks out about trade wars

The Chinese Premier Li Keqiang on Friday announced that the US trade tariffs slammed on China will create a bad outcome for both countries.

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