News

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Mon, 25 Jun 2018 15:26:27 GMT

American Express & Co wins merchant fee dispute

The United States Supreme Court stated on Monday that American Express internal policy of preventing merchants from informing customers to use rival credit cards did not violate the federal antitrust law.

Mon, 25 Jun 2018 15:23:53 GMT

EU agrees with eBay and Amazon to removed dangerous contents

An agreement has been reached by the European Commission and four other major online retailers to tackle dangerous content that is listened by the Commission.

Mon, 25 Jun 2018 14:11:11 GMT

Harley-Davidson plans production move outside US amid tariffs

Harley-Davidson stated on Monday that it would move its motorcycle production outside the United States to the brand's international facilities to avoid the EU tariffs.

Mon, 25 Jun 2018 14:06:06 GMT

India's Jet Airways to purchase more Boeing 737 Max planes

On Monday, India's Jet Airways agreed to buy additional 75 Boeing 737 MAX jets, as it seeks expansion to meet demand of domestic passengers in the aviation market.

Mon, 25 Jun 2018 13:38:28 GMT

MSCI suspends decision over unequal voting rights stocks

MSCI, the stock index provider, has extended the review of stocks treatment with unequal voting rights, expecting to finalise its decision by this October's end.

Mon, 25 Jun 2018 13:34:28 GMT

AT&T to acquire online ad exchange company AppNexus

On Monday, AT&T announced it would acquire AppNexus, an online advertisement exchange firm, following its $85B worth acquisition of a media group Time Warner.

Mon, 25 Jun 2018 12:17:29 GMT

Gray Television to acquire Raycom media for $3.65B

On Monday, the broadcasting firm Gray Television stated it would buy the privately held company Raycom Media in a $3.65B cash-and-stock deal.

Mon, 25 Jun 2018 12:13:53 GMT

Bitfinex CSO Phil Potter leaves company's executive team

Phil Potter, a Chief Strategy Officer of Bitfinex has announced about his resignation from the executive position at the company and is set to be replaced by the CEO JL van der Velde.

Mon, 25 Jun 2018 11:37:28 GMT

Ant Financial's venture launches blockchain-powered remittance service

Ant Financial's Hong Kong venture has introduced on Monday a blockchain-based remittance service between the Philippines and Hong Kong to bolster fintech reputation.

Mon, 25 Jun 2018 11:33:37 GMT

Enel likely to acquire Latam fiber group for over $2.3B

On Monday, Enel has agreed to acquire the Latin American fiber group Ufinet International in a deal that could cost the Italian company more than $2.3B, as it seeks boosting the ultrafast broadband ambitions.

Mon, 25 Jun 2018 10:11:29 GMT

EU authorities hurry up European banks

The EU authorities have announced that global banks have failed to progress in their Brexit preparations. Moreover, the banks should not expect a public intervention in case they suffer losses due to Brexit.

Mon, 25 Jun 2018 10:10:53 GMT

Oil drops due to OPEC deal

On Monday, in the aftermath of the OPEC deal made during the weekend, oil prices dropped by almost one percent due to the expected increase of global crude production.

Mon, 25 Jun 2018 09:36:28 GMT

Austrian firm Andritz agrees to acquire US Xerium for $833M

Austria's engineering group Andritz has agreed to acquire the US machine industry firm and supplier Xerium Technologies in an all-cash deal valued at $833M.

Mon, 25 Jun 2018 09:32:52 GMT

Education Realty signs takeover deal with Greystar

Greystar Real Estate Partners is set to acquire Education Realty in a takeover deal valued at $4.6B, including debt, the collegiate housing communities owner stated on Monday.

Mon, 25 Jun 2018 08:14:48 GMT

Uber fights for its London licence in court appeal

Uber is heading to the London court on Monday, as it battles to keep the City's licence, after its ride-hailing services have been suspended.

Mon, 25 Jun 2018 08:09:57 GMT

No fine to be imposed on Toshiba after accounting probe

On Monday, Japan's Toshiba stated that it would not face any penalty for the company's past accounting practices, after the US Securities and Exchange Commission completed a probe.

Mon, 25 Jun 2018 06:59:28 GMT

Hometown sweetens its takeover offer for Australia's GTY

Hometown Australia Holdings and Hometown America Communities have sweetened their takeover bid for the Australian firm Gateway Lifestyle Group to A$713.8M or A$2.35 per share.

Mon, 25 Jun 2018 06:54:02 GMT

ANZ to sell some PNG businesses to Kina Bank

On Monday, Australia and New Zealand Bank stated it was planning to sell its Commercial, Retail and SME banking business located in Papua New Guinea to the local unit Kina Bank.

Mon, 25 Jun 2018 06:38:36 GMT

China's Meituan-Dianping brings its IPO to Hong Kong

China's online food delivery platform Meituan-Dianping has filed for an initial public offering in Hong Kong, seeking to raise more than $4.0B, source reported.

Mon, 25 Jun 2018 06:35:27 GMT

SL Green to acquire stake in NYC 245 Park Avenue from China's HNA

China's HNA Group is set to sell its stake in the 245 Park Avenue office tower in New York City to SL Green Realty, the Wall Street Journal reported on Monday.

Mon, 25 Jun 2018 03:31:55 GMT

ECB unlikely to extend QE into 2019

The ECB is expected to end the asset purchases program by the end of the year as scheduled, a Reuters poll of economists said, even with expansion likely to weaken and inflation stay tame.

Mon, 25 Jun 2018 03:27:19 GMT

GE nears deal of selling industrial engines business to Advent

General Electric was close to an agreement to sell the company's industrial gas engines unit to private equity company Advent International for $3B or more, the WSJ reported.

Mon, 25 Jun 2018 02:35:11 GMT

US plans rules on China's investment in US technology firms

The US Treasury Department was crafting regulations that would block businesses with at least 25% China's ownership from buying the US companies in industrially significant technologies, the WSJ reported.

Mon, 25 Jun 2018 02:32:37 GMT

New Zealand CB to keep rates on hold as expansion slows

The Reserve Bank of New Zealand is expected to keep interest rates unchanged this week, with escalating global trade tensions and subdued inflation clouding the prospect for an already weakening economic growth.

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