News

Note: This section contains information in English only.
Tue, 08 Jan 2019 13:32:02 GMT

Shares in Parken Sport climb on takeover talks

Shares in the soccer club FC Copenhagen's owner Parken Sport & Entertainment surged 32% to 109 Danish crowns on Tuesday, driven by media report about 29% stake sale to UK's Redstone Advisory Partners.

Tue, 08 Jan 2019 12:38:21 GMT

Clever, E.ON tie up over EV charging venture

On Tuesday, E.ON stated it had tied up with Denmark's Clever to form a 50/50 joint venture, seeking to install the high-speed electric vehicle charging stations across Scandinavian cities.

Tue, 08 Jan 2019 12:35:52 GMT

Citigroup to sell stake in China's securities JV

Citigroup is planning a stake sale in its joint venture Citi Orient Securities to the US bank's Chinese partner with intention to set up firm's own brokerage.

Tue, 08 Jan 2019 11:14:35 GMT

Airbus met 2018 targets

On Tuesday, Airbus representatives announced that the company has hit its target of 800 deliveries in 2018. Although, the results are still subject for an audit.

Tue, 08 Jan 2019 11:14:10 GMT

Ryanair Spanish strike is called off

It was announced by the Spanish cabin crew union that the Tuesday's Ryanair strike has been called off. The union announced that the strike was called off to continue talks with the employer.

Tue, 08 Jan 2019 10:26:07 GMT

Brazil views Embraer-Boeing deal's stage and condition

Augusto Heleno, the Brazilian National Security Adviser, stated the authorities are studying whether the Embraer-Boeing deal was in the "ideal form" or required some changes.

Tue, 08 Jan 2019 10:24:59 GMT

Chanel invests $20.4M in Swiss parts maker Kenissi

Channel, the French fashion house, made an investment worth $20.4M into the Swiss parts producer Kenissi, with intention to boost its presence in the luxury watchmaking.

Tue, 08 Jan 2019 09:10:14 GMT

Elliott makes $2.07B bid for QEP Resources

Elliott Management has made an offer worth $2.07B to acquire the Permian Basin producer QEP Resources, valuing the firm 44% above its stock's closing price last Friday.

Tue, 08 Jan 2019 09:06:01 GMT

Canyon Capital Advisors to vote against Rowan sale

On Monday, Canyon Capital Advisors warned it would oppose the sale deal of Rowan Companies to the rival Ensco, being the largest shareholder in the offshore driller, as it owns a 6.3% stake.

Tue, 08 Jan 2019 08:38:52 GMT

Maurel & Prom plans $400M investment into Venezuela oil venture

France's Maurel & Prom is planning to invest $400M to purchase a 40% stake in the Venezuelan oil venture Petroregional del Lago, according to the President Manuel Quevedo.

Tue, 08 Jan 2019 08:35:37 GMT

Swiss firm Sika to acquire France's Parex for $2.5B

Swiss chemicals firm Sika AG agreed to acquire its French rival Parex for about $2.55B, in its largest acquisition deal, as the company seeks to accelerate consolidation in the market of building materials.

Tue, 08 Jan 2019 05:47:25 GMT

Lilly invests billions in cancer drugs

Eli Lilly announced on Monday that the company will acquire Loxo Oncology for eight billion US Dollars. The company to be acquired concentrates on researching new cancer drugs.

Tue, 08 Jan 2019 05:46:34 GMT

US Dollar struggles on Tuesday

During the early trading session of Tuesday the US Dollar struggled against other currencies, as the financial markets were speculating whether the Federal Reserve will hike interest rates during this year.

Tue, 08 Jan 2019 05:38:10 GMT

Asian shares surge on Tuesday

Due to optimism caused by the renewed US and Chinese trade talks Asian shares surged during the Tuesday's trading session.

Tue, 08 Jan 2019 05:37:42 GMT

Samsung profits are expected to be below estimates

On Tuesday, a Samsung executive revealed that the fourth quarter profits of the company most likely will be below estimates due to weak chip demand.

Tue, 08 Jan 2019 04:30:06 GMT

Intel works with Facebook over AI chip

Intel announced that it was working with Facebook to complete a new AI chip in the second half of 2019.

Tue, 08 Jan 2019 04:25:38 GMT

British new car sales fall ahead of Brexit

The UK sales of new cars dropped last year at their fastest pace since the financial crisis of 2008, affected by the fall in demand for diesel, as the SMMT warned of the threat to the sector due to Brexit.

Tue, 08 Jan 2019 03:04:37 GMT

SoftBank to invest extra $2B in WeWork

SoftBank Group is set to inject another $2B in WeWork in 2019, bringing Japan's conglomerate's total investment in the provides or the office space to more than $10B according to sources familiar with the matter.

Tue, 08 Jan 2019 03:01:33 GMT

Nvidia: next-level self-driving platform to go into production

Nvidia announced Drive AutoPilot platform, with AI technologies, which is expected to enable new level of self-driving vehicles by 2020, further strengthening the company's position in the industry.

Mon, 07 Jan 2019 21:36:24 GMT

Kenya earns $1.55B from tourism

Tourism contributed $1.55B to the Kenyan economy in 2018, a 31.26% increase from $1.18B in 2017, the Cabinet Secretary in the Ministry of Tourism and Wildlife Najib Balala says.

Mon, 07 Jan 2019 21:34:53 GMT

India economy to expand 7.2% in 2019

The economy of India is expected to expand 7.2% in 2019 after an increase of 6.7% the previous year, India's Central Statistics Office says.

Mon, 07 Jan 2019 19:51:01 GMT

Rwanda spends $227M on disaster relief

The Rwandan government has spent $227M on relief services after natural disasters the previous year, an official report shows.

Mon, 07 Jan 2019 19:50:16 GMT

Taiwan exports to mainland rise 6.3%

Taiwan's exports to Hong Kong and the Chinese mainland increased 6.3% to $138.4B in 2018, a 41.2% of total exports, the island's finance authority reports.

Mon, 07 Jan 2019 19:30:04 GMT

New car sales rise slightly in Japan

New car sales in Japan increased 0.7% in 2018 to 5,272,067 units compared to the same period the previous year, the Japan Light Motor Vehicle and Motorcycle Association reports.

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