News

Note: This section contains information in English only.
Mon, 03 Dec 2018 13:58:05 GMT

GSK to acquire cancer drugmaker Tesaro in $5.1B deal

GlaxoSmithKline agreed on a deal to acquire the US cancer drugmaker Tesaro for $5.1B, the major biotech investment made by the drug specialist, as it hopes to reform its pharmaceuticals portfolio.

Mon, 03 Dec 2018 13:31:28 GMT

Tencent Music launches its $1.2B US IPO

On Monday, Tencent Music Entertainment has launched its initial public offering in the United Stated worth up to $1.2B, after the stock markets were bolstered by the China-US trade truce.

Mon, 03 Dec 2018 12:14:55 GMT

Norway's Ultimovacs to launch IPO in early 2019

Norway biotech firm Ultimovacs is planning to attract about $82M in an IPO scheduled for early 2019 to develop immunotherapy cancer treatment.

Mon, 03 Dec 2018 12:10:18 GMT

Qatar to quit OPEC to focus on gas

On Monday, Qatar announced about leaving the OPEC starting from the next year with intention to focus on the country's has ambitions, as it took a swipe at Saudi Arabia, de facto leader of the group.

Mon, 03 Dec 2018 11:11:30 GMT

Oil prices jump five percent

On Monday, oil price benchmarks traded five percent higher. The reason for the jump was the announcement of upcoming oil production cuts and the trade truce made by the US and China at the G20 summit.

Mon, 03 Dec 2018 11:11:01 GMT

Investors dump French stocks due to riots

On Monday, as the stock exchanges opened in Europe, investors began selling French stocks. The selloff mostly affected tourism and supermarkets stocks.

Mon, 03 Dec 2018 10:38:43 GMT

Unilever to buy GSK's health food and drinks business

Unilever announced on Monday it agreed to acquire GlaxoSmithKline's health drinks and food business in Bangladesh, India and 20 other Asian markets.

Mon, 03 Dec 2018 10:32:14 GMT

Sorrell in talks to acquire ad group MightyHive

On Monday, S4 Capital, a new company owned by Martin Sorrell, said it had entered the advanced talks yo acquire San Francisco's advertising group MightyHive.

Mon, 03 Dec 2018 08:23:16 GMT

Nestle's head says L'oreal stake is on board's agenda

On Monday, the Nesle Chairman Paul Bulcke stated that the food titan's stake in France's cosmetics firm L'Oreal was active on its board's agenda, a statement that could possibly launch a fresh speculation round.

Mon, 03 Dec 2018 08:20:11 GMT

Grab seeks investing into India's Oyo

Singapore's ride hailing company Grab has entered the advanced talks over investing $100M in the Indian hotels start-up Oyo, according to the Economic Times report published on Monday.

Mon, 03 Dec 2018 07:36:26 GMT

Israel's Elbit wins intelligence systems deal with Asia-Pacific

Elbit Systems, the Israeli defense electronics company, announced it won a $112M deal from Asia-Pacific country, which allows it to supply the advanced airborne intelligence systems.

Mon, 03 Dec 2018 07:31:13 GMT

RPC halts takeover talks with Bain, but extends deadline for Apollo

On Monday, RPC Group stated it had halted the takeover talks with Bain Capital and extended the deadline for Apollo Global Management until December 21 to make a firm proposal or walk away.

Mon, 03 Dec 2018 06:04:58 GMT

Australia's GrainCorp gets $1.8B takeover bid from little-known firm

A little-known asset management firm made an unsolicited $1.8B takeover bid for GrainCorp, Australia's biggest bulk grain handler, the company announced on Monday, adding its shares soared almost a third higher.

Mon, 03 Dec 2018 05:56:59 GMT

Deutsche Bank head allays concerns on bank takeover

Deutsche Bank's Chief Executive dismissed any speculation about a potential takeover, after the bank's shares dropped to the record-low on Friday amid the money laundering scandal it had been involved in.

Mon, 03 Dec 2018 05:39:45 GMT

Several EU countries to order diesel recalls

According to Germany's Bild am Sonntag weekly newspaper, a few European countries are set to impose vehicle recalls by automakers, such as Nissan, Renault and Suzuki, over cheating on diesel emissions.

Mon, 03 Dec 2018 05:35:43 GMT

Qualcomm views prospect for NXP takeover closed

Qualcomm, the US smartphone chip manufacturer, stated on Monday it had seen no prospect for the NXP Semiconductors acquisition, as the deadline for the transaction expired before the US and China leaders' comments on its approval.

Mon, 03 Dec 2018 04:14:52 GMT

Japan's factory activity grows at weakest rate since August 2017

Japan's manufacturing activity expanded at the slowest pace in more than a year in November, as increase in new orders weakened, in a warning sign that economic expansion could be subdued in the Q4.

Mon, 03 Dec 2018 04:10:08 GMT

Calastone to switch fund transaction network to blockchain

Calastone, the investment funds transaction network, stated that it is set to shift the entire system to blockchain next year, in a move that is likely to slash costs for the sector.

Mon, 03 Dec 2018 03:26:56 GMT

Japanese corporate investment slows markedly

Japan's corporate capital expenditure increased for an eighth quarter in succession in July-September, though the growth slowed markedly, raising doubts over the strength of business activity due to global trade frictions.

Mon, 03 Dec 2018 03:23:41 GMT

China's factory activity up in November

The Chinese factory activity grew modestly in November, while new export orders kept declining in a further blow to the sector hurt by the Sino-US trade conflict.

Sun, 02 Dec 2018 20:57:12 GMT

Amazon tests cashierless stores

The Wall Street Journal reported on Sunday that Amazon is testing the company's cashierless technology for larger stores in Seattle.

Sun, 02 Dec 2018 20:56:19 GMT

Oil Minister of Oman comments on output cuts

On Sunday, the Oil Minister of Oman Mohammed bin Hamad announced that he believes that there is consensus favouring output cuts among oil producing countries.

Sun, 02 Dec 2018 20:29:32 GMT

Mexican new President battles violence

On the first day in office, the President of Mexico Andres Manuel Lopez Obrador announced a plan to end violence in the country with a renewed national guard.

Sun, 02 Dec 2018 20:28:40 GMT

Trump will notify Congress about NAFTA termination

On Sunday, it was announced by the White House that the US President intends to give formal notice about the termination of NAFTA in the near future to the US Congress.

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