News

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Sat, 10 Nov 2018 04:50:20 GMT

US to stop refueling of Saudi-led coalition aircraft in Yemen

On Saturday, Saudi Press Agency reported that country's military has requested the US to stop refueling of Saudi-led coalition aircraft, ending the participation of the US in the military conflict in Yemen.

Sat, 10 Nov 2018 04:37:18 GMT

Brazil's Bolsonaro: tackling country's top deficit is top priority

On Friday, the President-elect of Brazil Jair Bolsonaro claimed that tackling the budget deficit of the country is a top priority for him but the final decision on the budget is up to the current President Michel Temer.

Sat, 10 Nov 2018 04:36:24 GMT

US regulator says AIG needs to improve disclosures of reinsurance

On Friday, The US Securities and Exchange Commission said that American International Group Inc needs to improve the disclosures about the usage of reinsurance to soften loses in casualty and property units.

Sat, 10 Nov 2018 03:00:49 GMT

Blackberry in talks to acquire cybersecurity firm Cylance

On Friday, Business Insider reported that Canadian BlackBerry Ltd is in talks to acquire California-based cybersecurity firm Cylance Inc, which recently was considering filing for IPO, for $1.5B.

Sat, 10 Nov 2018 02:58:24 GMT

US postpones sanctions deadline for Russian firms EN+, Rusal and Gaz PAO

On Friday, the US Treasury Department reported that it would extend the deadline for Russian tycoon Oleg Deripaska to reduce his stakes in Rusal, EN+ and Gaz PAO companies before putting these companies on the sanctions list.

Fri, 09 Nov 2018 21:18:55 GMT

Haldane slams excessive attention to Brexit

The Bank of England Chief Economist Andy Haldane noted on Friday that the country has a number of problems more signifficant than Brexit and the government must shift its focus to them.

Fri, 09 Nov 2018 21:14:18 GMT

US calls to keep South China Sea demilitarized

On Friday, the US Secretary of State Mike Pompeo called China to terminate militarization of the South China Sea but at the same time noted that America has no intention to start a new Cold War against its easten rival.

Fri, 09 Nov 2018 20:24:41 GMT

Montana judge stops Keystone XL pipeline construction

On Thursday evening, the US Court in Montana ruled to suspend construction of the Keystone XL oil pipeline projected to deliver Canadian crude oil to the US.

Fri, 09 Nov 2018 20:20:46 GMT

Trump signs document intended to stop illegal migrants

The US President Donald Trump signed on Friday an order allowing depriving from the right for asylum for 90 days those migrants who have crossed the US-Mexico border illegally.

Fri, 09 Nov 2018 17:50:33 GMT

Taxify expects 10-fold growth in Africa

On Friday, Chief Executive of European Uber rival Taxify Markus Villig claimed that his company is expecting to achieve 10-fold growth in Africa in the next two years.

Fri, 09 Nov 2018 17:50:21 GMT

SWIFT to disconnect some Iranian banks

On Friday, the Chief Executive Officer of financial messaging service SWIFT Gottfried Leibbrandt claimed that on the next week some Iranian banks will be disconnected from the system.

Fri, 09 Nov 2018 17:27:26 GMT

EU regulators to approve $62B Takeda-Shire deal

The antitrust regulators of the EU are ready to approve a $62B acquisition deal between the Japanese pharma giant Takeda Pharmaceutical's and biopharmaceutical company Shire Pharmaceuticals Group Plc.

Fri, 09 Nov 2018 17:18:04 GMT

SoftBank's VisionFund raises $4B

Vision Fund, the investment fund of Japanese SoftBank, backed by Saudi Arabia, has attracted $4B of funds to help to finance upcoming acquisitions.

Fri, 09 Nov 2018 16:37:56 GMT

British transport minister Jo Johnson quits government over Brexit deal

On Friday, British Minister of Transport Jo Johnson claimed that he is quitting the UK government because of the proposed Brexit deal and urged the government to organise the second Brexit referendum. 

Fri, 09 Nov 2018 16:33:40 GMT

China plans to reduce taxes to support private sector

On Friday, Chinese state news agency Xinhua reported that China's State Administration of Taxation is working in partnership with other federal agencies to cut taxes to support country's private sector.

Fri, 09 Nov 2018 15:36:24 GMT

Japan's Mitsui seeks acquiring Brazilian rail firm

The Japanese group Mitsui entered talks over a takeover of the suburban Brazilian railway firm SuperVia, after its key creditor, BNDES development bank, had blocked other bids for the company.

Fri, 09 Nov 2018 15:33:25 GMT

AmEx gets China approval over card payments

On Friday, American express has received China's approval to clear its card payments, becoming the first US card network to have direct access to the potentially largest bank card market within two years.

Fri, 09 Nov 2018 14:36:36 GMT

Commissioners to finalise Alitalia's proposal examination next week

The government-led commissioners are expected to complete the examination of proposals made for Alitalia's sale as soon as next week, sources familiar with the matter reported.

Fri, 09 Nov 2018 14:32:17 GMT

France's Edenred acquires American firm CSI for $600M

France's Edenred, the card and meal vouchers provider, is acquiring the US company Corporate Spending Innovations in a deal valued at around $600M that is expected to boost Edenred's earnings.

Fri, 09 Nov 2018 13:39:24 GMT

Australia's Woolworths seeks petrol business sale worth $1.25B

Australia's Woolworths Group is eager to sell the petrol business unit to the UK petrol firm EG Group in a deal valued at $1.25B.

Fri, 09 Nov 2018 13:37:33 GMT

US pot group Harvest plans IPO worth $1.5

Harvest Enterprises, the US cannabis retailer, is planning to attract $230M in a deal, which would value the pot firm at around $1.5B, at its initial public offering in Toronto scheduled for the next week.

Fri, 09 Nov 2018 11:58:44 GMT

Optical components maker II-VI to acquire Finisar in $3.2B deal

On Friday, the optical and laser products maker II-VI is set to acquire Apple's supplier Finisar in a deal worth around $3.2B, as it seeks growth in consumer electronics, as well as in the self-driving car sector.

Fri, 09 Nov 2018 11:58:35 GMT

Kaufhof-Karstadt merger gets German regulator's approval

On Friday, the German antitrust regulator has granted its approval for the planned merger deal between two department chains, Karstadt and Kaufhof, owned by Austria's Signa Holding and Canada's Hudson's Bay.

Fri, 09 Nov 2018 10:54:24 GMT

Orban comments on Hungary's adoption of the Euro

On Friday, the Prime Minister of Hungary announced that his country will be very cautious about adopting the common European currency. The comments clearly signal that Hungary will not be adopting the Euro in the foreseeable future.

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