News

Note: This section contains information in English only.
Wed, 05 Sep 2018 14:01:18 GMT

China's Jianke Pharma attracts $130M before US IPO

Jianke Pharmaceuticals, China's online pharmacy, stated on Tuesday it had raised $130M in a private funding round ahead of the planned IPO in the United States in 2019.

Wed, 05 Sep 2018 13:39:17 GMT

Getty family to take Carlyle Group's stake in Getty Images

On Tuesday, the Getty family stated it would buy Carlyle Group's controlling stake in Getty Images, terminating 10 years of the private equity control.

Wed, 05 Sep 2018 12:30:03 GMT

Transocean to acquire Ocean Rig for $2.7B

On Tuesday, Transocean, the offshore oil driller, is set to acquire Ocean Rig peer in a $2.7B cash-deal, seeking to recover in the offshore sector.

Wed, 05 Sep 2018 12:25:42 GMT

JPMorgan becomes adviser on Hesperia's NH Hoteles stake

Hesperia, the Spanish hotel group, hired JPMorgan as an adviser on the options for its 8% stake in the local peer NH Hoteles, sources reported on Tuesday.

Wed, 05 Sep 2018 11:39:34 GMT

Southwestern Energy agrees to sell its Fayetteville shale arm

Southwestern Energy, the gas and oil producer, is set to sell its shale assets of Fayetteville in Arkansas to the privately-held Flywheel Energy LLC for $1.87B.

Wed, 05 Sep 2018 11:37:22 GMT

Alior, Millennium seeks buying SocGen's Polish bank

Poland's Alior and Portugal's Millennium are bidding to acquire Societe Generale's Polish business Eurobank, according to banking sources familiar with the matter.

Wed, 05 Sep 2018 09:55:03 GMT

Head of OPEC comments on oil output

The Secretary General of OPEC Mohammad Barkindo on Wednesday announced that global oil consumption will reach 100 million barrels per day in 2018.

Wed, 05 Sep 2018 09:54:12 GMT

South Koreans meet with North Koreans

A delegation of envoys from South Korea on Wednesday met with the representatives and the leader of North Korea, on Wednesday.

Wed, 05 Sep 2018 09:26:22 GMT

China's Zijin Mining to make $1.41B takeover bid for Canada's Nevsun

On Wednesday, Canada's Nevsun Resources has agreed for a takeover bid that will be made by China's Zijin Mining Group worth $1.41B in cash.

Wed, 05 Sep 2018 09:19:30 GMT

Hengli, Norinco consider buying CEFC stake in Abu Dhabi oilfields

The privately-owned Hengli Group and the Chinese unit of state defence firm Norinco are in talks to acquire CEFC's stake in in the Abu Dhabi oilfields, according to sources.

Wed, 05 Sep 2018 08:08:18 GMT

Amazon India launches Hindi version of its website, app

On Tuesday, Amazon.com India has released a Hindi version of the mobile website and Android app, seeking to expand in the Indian e-commerce market amid battle with its Walmart's rival Flipkart.

Wed, 05 Sep 2018 08:04:17 GMT

Investa to consider $2.4B offer from Oxford

Australia's Investa Office Fund stated it would weigh a $2.4B takeover offer from the Canadian Oxford Properties Group, delaying the vote on the Blackstone bid.

Wed, 05 Sep 2018 07:34:53 GMT

EU seeks adoping digital tax by 2018-end

EU Finance Ministers are set to hold talks this week over a possible adoption of a tax on firms' digital turnover by this year's end, according to the Austrian presidency.

Wed, 05 Sep 2018 07:31:36 GMT

Indonesia's Go-Jek to cooperate with P2P lending firms

Indonesia's online payment and ride-hailing firm Go-Jek is set to partner with peer-to-peer lending companies amid its intention to expand the financial technology services in the country.

Wed, 05 Sep 2018 06:34:17 GMT

Inditex plans selling all its brands on Internet by 2020

On Tuesday, the world's biggest clothing retailer and Zara owner Inditex announced it would sell all its brands online and worldwide by 2020, including the markets where the firm does not have stores.

Wed, 05 Sep 2018 06:29:32 GMT

Facebook opens another building at Menlo Park headquarters

Facebook has expanded its Menlo Park headquarters into one more newly established building, as the world's social media leader continues its aggressive hiring of employees to boost its scorching growth.

Wed, 05 Sep 2018 05:18:57 GMT

Saudi Aramco to hold joint event with S-Oil at APPEC

Saudi Aramco, one of the largest oil producers in the world, is planning to hold a joint event with South Korean's oil giant S-Oil at Asia Pacific Petroleum Conference in Singapore.

Wed, 05 Sep 2018 05:14:34 GMT

Singapore and Malaysia to sign agreement to secure rail deal

On Wednesday, Malaysian government official claimed that Singapore and Malaysia are planning to sign an agreement to defer the high-speed rail link project between two states.

Wed, 05 Sep 2018 04:35:58 GMT

Indonesia's Widodo: investments and exports to support rupiah

On Wednesday, the President of Indonesia Joko Widodo claimed that Indonesia's current account deficit can be contained by the increase in exports and investments.

Wed, 05 Sep 2018 04:29:25 GMT

Lagarde: IMF and Argentina make progress on financial support program

The Managing Director of the International Monetary Fund Christine Lagarde claimed that she and the Minister of Finance of Argentina Nicolas Dujovne made a progress toward strengthening financial help program for Argentina.

Wed, 05 Sep 2018 02:57:09 GMT

Airbaltic expects A220 deliveries by year's end

On Tuesday, the Chief Executive of Latvian air carrier AirBaltic Martin Gauss claimed that a company expects to receive 14 new Airbus A220 planes by the end of the year.

Wed, 05 Sep 2018 02:52:17 GMT

Instagram to launch shopping app

On Wednesday, The Verge reported that Facebook Inc's Instagram works on a separate shopping app for Instagram users which would let to explore goods and buy them directly.

Wed, 05 Sep 2018 02:32:58 GMT

Argentina expects new IMF deal this month

On Tuesday, the government of Argentina claimed it hopes that the International Monetary Fund would finalise Argentina's financial support deal by the end of September.

Wed, 05 Sep 2018 02:26:52 GMT

Mexico hopes US-Canada deal to be reached by Friday

On Tuesday, the Economy Minister of Mexico Ildefonso Guajardo claimed he hopes that Canadian and US officials could reach agreement regarding cooperation on North American Free Trade Agreement by Friday.

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