News

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Tue, 12 Jun 2018 17:21:50 GMT

UAE claims Yemen Houthis should evacuate main port city

A senior official of the United Arab Emirates on Tuesday claimed that the Iran-aligned movement is required to evacuate Yemen's key port of Hodeidah, because troops geared for an invasion.

Tue, 12 Jun 2018 15:57:06 GMT

OMV to discuss Gazprom swap deal with Norway

The CEO of the Austrian energy company OMV Rainer Seele said on Tuesday he would talk with the Norwegian government to address its concerns about a swap deal with Gazprom.

Tue, 12 Jun 2018 15:56:17 GMT

ZTE shares will return to market on Wednesday

The Chinese telecommunications company ZTE said on Tuesday its shares would resume trading this Wednesday, thus ending two-month suspension by the US government.

Tue, 12 Jun 2018 15:05:23 GMT

Russian, Chinese nuclear companies strengthen cooperation

The CEOs of China's CNNC International and Russia's Rosatom have signed a massive contract package that includes construction of four nuclear plants in China.

Tue, 12 Jun 2018 15:03:23 GMT

UK fines Yahoo UK Services for data breach

The UK's Information Commissioner's Office has fined Yahoo UK Services £250k in relation to a cyber-attack on personal data conducted in November 2014.

Tue, 12 Jun 2018 14:27:41 GMT

Stryker Corp makes acquisition bid for Boston Scientific

Stryker Corp, the medical device manufacturer, made a takeover proposal to its rival Boston Scientific, according to the Wall Street Journal report on Monday.

Tue, 12 Jun 2018 14:22:49 GMT

France's Casino seeks completing $1.77B of asset sales

The French supermarket firm Casino is seeking to finalise $1.77B of asset sales by 2019 to cut heavy debt burden.

Tue, 12 Jun 2018 13:35:50 GMT

Ericsson almost doubles 2023 estimates for IoT connections

On Tuesday, Ericsson, the mobile telecom gear producer, stated it had almost doubled the 2023 forecast for the connected cellular IoT to $3.5B.

Tue, 12 Jun 2018 13:33:01 GMT

Thales partners with Microsoft over cloud system aimed at armed forces

Thales, France's electronics group, has signed a partnership with Microsoft, as they seek to develop a common defence cloud for armed forces, the firms stated on Tuesday.

Tue, 12 Jun 2018 12:38:41 GMT

Japan's Itochu planning to sell North Sea oil fields

Japan's commodity trading house Itochu is planning a stake sale in its two North Sea oil fields, a terminal and a pipeline, the official document showed.

Tue, 12 Jun 2018 12:35:45 GMT

Germany's Home24 plans to price IPO at €23/share

Home24, Germany's online furniture retailer, is seen to price the initial public offering at €23 per share, bringing the company's market value to $737M.

Tue, 12 Jun 2018 11:26:10 GMT

Skoda deliveries rise in May due to strong demand

The Czech car manufacturer Skoda said on Tuesday that the number of monthly deliveries rose by 13% in May, boosted by strong demand in Russia and China.

Tue, 12 Jun 2018 11:22:00 GMT

Trump, Kim pledge to work towards denuclearisation

The US President Donald Trump and the North Korean leader Kim Jong-Un reached an agreement on Tuesday to work towards denuclearisation of the Korean peninsula.

Tue, 12 Jun 2018 10:34:11 GMT

UK Justice Minister quits his office over Brexit policies

The British Justice Minister Phillip Lee has resigned from his post due to the Brexit policies, according to his official Twitter account.

Tue, 12 Jun 2018 10:31:36 GMT

Macedonia, Greece likely to find solution to name dispute

On Tuesday, Greek government officials stated the country is nearing a deal with Macedonia to resolve their decades-old name dispute.

Tue, 12 Jun 2018 08:30:25 GMT

USG accepts $7.0B cash offer from Knauf after three months of talks

On Monday, USG Corp., the sheetrock manufacturer, accepted the $7.0B cash bid from Germany's construction products producer Gebr Knauf, following three months of negotiations.

Tue, 12 Jun 2018 08:26:17 GMT

CRCH seeks $534M share sale to raise business capital

On Tuesday, China Resources Cement stated it was planing to sell $534M worth of its shares to the controlling shareholder, as it seeks to raise the group's capital for its business development.

Tue, 12 Jun 2018 07:11:49 GMT

CFO of Domino's Pizza leaves

The Chief Financial Officer of Domino's pizza Group Rachel Osborne has left the company. The company has announced that it will search for a replacement immediately.

Tue, 12 Jun 2018 07:10:54 GMT

Trump and Kim release a statement

The US-NK summit has created results and the two leaders have released a statement. Namely, the both countries are establishing new relationships and reaffirming the Panmunjom Declaration.

Tue, 12 Jun 2018 06:33:28 GMT

Activist investors call on Sempra Energy for board shake-up, strategic review

Sempra Energy's two activist investors urged the US utility for a business strategic review and a board shake-up, sending its shares up as much as 18%.

Tue, 12 Jun 2018 06:27:59 GMT

China Tsinghua University to acquire aluminium smelter

On Tuesday, a unit of China's Tsinghua University stated it would acquire the aluminium smelter Xinjiang Tianshan in a deal worth $3.69B, the second major contract in two weeks.

Tue, 12 Jun 2018 04:57:00 GMT

US extradites ex-President of Panama

On Monday, the authorities of the United States extradited Ricardo Martinelli to Panama to face illegal wiretapping charges.

Tue, 12 Jun 2018 04:56:08 GMT

Trump and Kim Jong Un meet in Singapore

The President of the United States and the leader of North Korea met on Tuesday in Singapore. In the morning hours the two parties had successfully created a good ground for further negotiations.

Tue, 12 Jun 2018 04:33:57 GMT

US Dollar reaches a high level due to summit

The currency of the United States surged on Tuesday morning due to the leaders of the US and North Korea meeting in Singapore.

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