News

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Tue, 04 Dec 2018 20:16:26 GMT

"I am a Tariff Man": Trump threatens China

On Tuesday, the US President Donald Trump threatens to turn back to tariffs, if trade talks with China collapse, calling himself "I am a Tariff Man".

Tue, 04 Dec 2018 20:15:00 GMT

Wall Street declines on Tuesday

On Tuesday, US stocks plunged by more than 2%, led by bank shares, as worries over the health of the global economy pressured Wall Street.

Tue, 04 Dec 2018 19:24:19 GMT

Fortum enters talks with Elliott over Uniper takeover

Uniper's largest Finnish shareholder Fortum has entered talks with the activist fund Elliott about gaining control of Germany's energy company, three sources close to the matter reported.

Tue, 04 Dec 2018 19:20:09 GMT

Airbus, Lockheed tie up to pursue US Air Force refueling orders

Airbus and Lockheed Martin have joined forces in their efforts to beat the rival Boeing to supply the US Air Force with their refueling planes, both companies announced on Tuesday.

Tue, 04 Dec 2018 18:31:58 GMT

Brazil's Eletrobras and Petrobras agree on debt deal

On Tuesday, the Brazilian state-run oil company Petroleo Brasileiro and the power generation group Centrais Elétricas Brasileiras reached the agreement over the debt of Amazonas Geração e Transmissão and Amazonas Energia energy firms.

Tue, 04 Dec 2018 18:23:08 GMT

Jet Airways close to deal with Etihad Airways

Jet Airways, India's debt-laden carrier, is close to complete the deal with its shareholder Etihad Airways, where the UAE airline is set to inject fresh funds, according to CNBC-TV18 report published late on Tuesday.

Tue, 04 Dec 2018 17:20:41 GMT

Thomson Reuters to phase out 3,2K jobs within next two years

On Tuesday, Thomson Reuters announced about its plan to cut the company's workforce by 12%, which is 3,2K jobs, during the next two years, with intention to reduce costs and streamline its business.

Tue, 04 Dec 2018 17:01:26 GMT

Beiersdorf launches management shake-up by luring rivals

Nivea skin creams' maker Beiersdorf is set to launch management reshuffle when Stefan De Loecker, company's new CEO, takes over starting January 1, by luring managers from its rivals Reckitt Benckiser and Procter & Gamble.

Tue, 04 Dec 2018 15:59:15 GMT

Canada's Aphria defends its LatAm operations

On Tuesday, Canada's cannabis producer Aphria has backed its operations in Latin America from allegations over analysts report, which the firm overpaid for assets and which had now been poorly managed, causing money loss.

Tue, 04 Dec 2018 15:51:07 GMT

Chevron plans stakes sale in Azerbaijan's oil field, pipeline

The US gas and oil firm Chevron is considering a sale of its stakes in the BTC (Baku-Tbilisi-Ceyhan) pipeline and giant Azeri oil field ACG, after its rival Exxon Mobil made a similar move regarding ACG earlier this day.

Tue, 04 Dec 2018 15:39:43 GMT

Italy sets new date for hearing over Mediaset-Vivendi row

Italy's judge set March 12 as a new date for the hearing over the failed pay-television deal between France's media group Vivendi and the broadcaster Mediaset.

Tue, 04 Dec 2018 15:34:30 GMT

NordLB stake faces delays, bidders asked to elaborate offers

NordLB's stake sale was delayed as its bidders, Apollo and Cerberus, had been asked to refine their proposals for the German public-sector bank.

Tue, 04 Dec 2018 14:39:23 GMT

Saudi Arabia not seek to engage in WTO row with Qatar

On Tuesday, Saudi Arabia has refused to engage in the World Trade Organisation dispute that had been brought by Doha, claiming Saudi Arabia violated the Qatari intellectual property.

Tue, 04 Dec 2018 14:32:28 GMT

Altria in talks with Cronos Group over investment

Altria Group, the Marlboro cigarette producer, is in talks with Cronos Group, Canada's cannabis producer, about a possible investment.

Tue, 04 Dec 2018 13:35:31 GMT

Exxon plans stake sale in Azerbaijan's oil field

Exxon Mobil is planning its stake sale in the Azeri oil field giant ACG, seeking to attract up to $2.0B amid company's intention to re-focus its global operations.

Tue, 04 Dec 2018 13:30:16 GMT

Daimler increases prospect of raising stake in BAIC

The German automaker Daimler has enhanced the likelihood of boosting its stake in the joint venture established together with its China's partner BAIC Motor, according to Bloomberg.

Tue, 04 Dec 2018 12:12:09 GMT

Australia's BGC picks Macquarie for potential $1.5B sale

On Tuesday, the Australian privately-held company BGC announced it had hired Macquarie Group, as it sought for a buyer to sell its business unit in a potential deal that could fetch $1.5B.

Tue, 04 Dec 2018 12:07:03 GMT

Walmart's Landec buys Yucatan Foods in $80M deal

Walmart's supplier Landec acquired the guacamole firm Yucatan Foods for about $80M, as the company seeks to expand its footprint in the market of natural foods.

Tue, 04 Dec 2018 10:54:03 GMT

China plans to restructure dormant firms

Chinese officials on Tuesday announced that dormant firms that still have value will be forced to restructure in an effort to decrease soaring corporate debt.

Tue, 04 Dec 2018 10:53:18 GMT

UK firms warn about possible output decrease

On Tuesday, the Bank of England published the results of a survey of UK firms. The survey revealed that most UK businesses would cut their output, if the UK leaves the EU via a hard Brexit.

Tue, 04 Dec 2018 10:36:38 GMT

Teck Resources unveils $1.2B deal with Quebrada Blanca

On Tuesday, Teck Resources announced that the Japanese miner Sumitomo Metal Mining and Sumitomo Corp had agreed to acquire an indirect interest worth 30% in Quebrada Blanca for $1.2B.

Tue, 04 Dec 2018 09:00:58 GMT

Centerbridge, Ace Hardware tie up over Sears' unit

Investment company Centerbridge Partners and retailer Ace Hardware are together exploring a potential offer for the bankrupt home services division, owned by Sears Holdings, which would compete Chairman Eddie Lampert's expected bid for the unit.

Tue, 04 Dec 2018 08:55:55 GMT

KKR plans $366M investment into Singapore's V3 Group

The private equity group KKR & Co is set to make an investment worth $366.30M into the Singaporean specialty retailer V3 Group, as it seeks to take the firm's "significant stake", V3 Group announced on Tuesday.

Tue, 04 Dec 2018 08:39:59 GMT

Brazil's watchdog raises competition concerns about Disney-Fox deal

On Monday, the Brazilian antitrust regulator Cade ha raised concerns over the Walt Disney's takeover of the 21 Century Fox's entertainment assets due to a potential undermining competition on the cable TV market.

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