News

Note: This section contains information in English only.
Thu, 06 Sep 2018 20:00:10 GMT

Chinese Vice President meets Iceland FM to discuss ties

The Chinese Vice President Wang Qishan met with Iceland's Foreign Minister Gudlaugur Thor Thordarson in Beijing to discuss ties and cooperation between the countries.

Thu, 06 Sep 2018 19:58:51 GMT

China's fixed-asset investment expands rapidly

China's fixed-asset investment expands at an average annual growth rate of 20.2%, the National Bureau of Statistics reports.

Thu, 06 Sep 2018 19:25:00 GMT

Rouhani not to meet Trump at UN assembly

The Iranian President Hassan Rouhani does not plan to meet the US President Donald Trump at the upcoming United Nations General Assembly, sources say.

Thu, 06 Sep 2018 19:24:10 GMT

Philippine business confidence weakens for Q3

The business outlook on the Philippine economy for the third quarter of 2018 became less optimistic, the Philippine central bank reports.

Thu, 06 Sep 2018 18:11:36 GMT

Kremlin: Russia is not involved in ex-spy's poisoning

Russia is not involved in the poisoning of the former Russian spy Sergei Skripal and his daughter, the Kremlin says, rejecting Britain's latest accusations.

Thu, 06 Sep 2018 18:10:33 GMT

Iran's oil exports to EU decline by half in 18 months

Iran's oil exports to the European Union have decreased by half in the past 18 months, the Financial Tribune daily reports.

Thu, 06 Sep 2018 17:27:34 GMT

Tanzanian President hires new anti-corruption chief

The Tanzanian President John Magufuli appointed a new Director General of the east African nation's Prevention and Combating of Corruption Bureau.

Thu, 06 Sep 2018 17:26:29 GMT

7.8 magnitude earthquake rocks Fiji Islands

A 7.8 magnitude earthquake rocked the Fiji Islands on Thursday, according to the China Earthquake Networks Center.

Thu, 06 Sep 2018 15:50:44 GMT

EagleClaw Midstream to acquire Caprock in $950M deal

On Wednesday, the pipeline firm EagleClaw Midstream Ventures announced it would acquire its competitor Caprock Midstream Holdings in a deal valued at $950M.

Thu, 06 Sep 2018 15:50:34 GMT

Nespresso to purchase Zimbabwe coffee to boost local industry

Nestle's unit Nespresso is planning to acquire almost all of the coffee crop from Zimbabwe's small farmers to help boost the struggling local industry, the Swiss group stated on Thursday.

Thu, 06 Sep 2018 15:36:50 GMT

Pebblebrook to acquire LaSalle Hotel for $5.2B

Pebblebrook Hotel Trust stated it would acquire LaSalle Hotel Properties in a cash-and-stock deal valued at $5.2B, just a day after dropping a $4.8B all-cash bid from Blackstone Group.

Thu, 06 Sep 2018 15:32:14 GMT

EU grants approval to Apple's acquisition of Shazam

The European Union has cleared Apple's planned purchase of Shazam, Britain's music discovery app, as the antitrust inquiry showed it would not affect the bloc's competition.

Thu, 06 Sep 2018 13:37:57 GMT

Canadian bank RBC interested in further US acquisitions

The Royal bank of Canada stated it was interested in making more acquisitions in America, after it had bought the LA-based City National, despite current valuations are making deals challenging.

Thu, 06 Sep 2018 13:35:04 GMT

Albemarle looks at acquiring rival if listing stumbles

The world's biggest lithium producer Albemarle is considering buying its rival FMC's lithium unit in case its IPO stumbles this fall, top executive reported on Wednesday.

Thu, 06 Sep 2018 12:39:49 GMT

Brazil's AES unit likely to bid for wind farm owned by Renova

Brazil's unit of AES is thinking over a bidding for Renova Energia's wind farm, AES CEO stated on Wednesday.

Thu, 06 Sep 2018 12:34:11 GMT

U.S. court blocks Tronox's acquisition of Cristal's business

On Wednesday, the US court has blocked the pending acquisition of the Saudi Arabian Cristal's titanium dioxide business arm by the chemical maker Tronox.

Thu, 06 Sep 2018 11:39:46 GMT

UK bank OakNorth valued at $2.3B after closing funding round

The start-up special bank providing property and business loans OakNorth has been valued at $2.3B following a $100M funding round.

Thu, 06 Sep 2018 11:36:15 GMT

CatchMark Timber seeks buying Phaunos Timber

CatchMark Timber Trust is considering an all-stock bid to acquire Phaunos Timber Fund in a deal that could be potentially valued at $850M, the real-estate firm stated on Thursday.

Thu, 06 Sep 2018 10:11:01 GMT

JD.com investors dump stocks

A police investigation in the US against the CEO of JD.com Richard Liu has impacted the company's stock price, as investors have sold their holdings.

Thu, 06 Sep 2018 10:10:29 GMT

New messenger app gains popularity in China

A new messenger app Bullet Messenger has been recently gaining millions of downloads in Chinese mainland, as it takes on WeChat in China.

Thu, 06 Sep 2018 09:00:35 GMT

Delta Air Lines offering stake in Monroe Energy unit

Delta Air Lines is seeking for buyers for a stake in the refining subsidiary Monroe Energy, hiring two investment banks to manage the sale.

Thu, 06 Sep 2018 09:00:18 GMT

Great-West Lifeco explores sale of $2.0B worth contracts

Canada's second-largest insurance firm Great-West Lifeco is considering to sell its insurance contracts portfolio worth as much as $2.0B, sources reported on Wednesday.

Thu, 06 Sep 2018 08:39:35 GMT

China's Yunji Weidian hires banks for US IPO next year

Yunji Weidian, China's e-commerce portal, has tapped investment banks for its planned initial public offering in the United States next year.

Thu, 06 Sep 2018 07:38:25 GMT

Dalian Wanda considers reducing stake in AMC

China's Dalian Wanda Group is thinking over cutting its stake in the world's biggest cinema operator AMC Entertainment Holdings, sources reported.

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