News

Note: This section contains information in English only.
Tue, 21 Aug 2018 07:37:02 GMT

Bosch acquires 4% stake in Britain's Ceres Power

On Tuesday, Germany's automotive supplier Bosch announced it would acquire a 4% stake in the British fuel-cell group Ceres Power Holdings to jointly develop a new generation of the solid oxide fuel cells.

Tue, 21 Aug 2018 07:32:58 GMT

Britain seeks to bolster exports to 35% of GDP

On Tuesday, Britain's government is set to reveal a new strategy aimed at bolstering exports to 35% of GDP, hoping to improve its trade ties with other countries after leaving the EU bloc.

Tue, 21 Aug 2018 06:31:05 GMT

Sky plans to pay up to $123.7M in fees over Fox deal

Sky is expecting to pay the advisers up to $123.7M, in case 21st Century Fox succeeds with the company's acquisition of Britain's broadcaster.

Tue, 21 Aug 2018 06:25:32 GMT

Indian government asks ONGC to list its overseas division

India's government called on the state oil company Oil and Natural Gas to list the overseas division ONGC Videsh, Reuters reported on Tuesday.

Tue, 21 Aug 2018 05:19:37 GMT

Alimentation Couche set to sell its Minnesota fuel stations

The US regulators granted their approval to Canada's Alimentation Couche Tard's bid to sell its two Minnesota retail fuel stations, the US FTC reported on Monday.

Tue, 21 Aug 2018 05:15:02 GMT

Gao-led consortium makes takeover bid for China Biologic

On Monday, China Biologic Products received a $3.9B worth all-cash proposal from a consortium, which includes Bank of China Group, CDH Investments and GL Capital Group, led by the firm's former CEO Davd Gao.

Tue, 21 Aug 2018 04:38:50 GMT

Tianqi Lithium files for $1.0 HK IPO

China's Tianqi Lithium is planning to attract up to $1.0B, as it had filed for listing on the Hong Kong Stock Exchange, despite a drop in lithium prices this year.

Tue, 21 Aug 2018 04:35:35 GMT

StanChart likely to sell its PE business to Actis, ICG

Standard Chartered is in negotiations over a sale of its private equity firm to Actis and Intermediate Capital Group, sources reported on Monday.

Tue, 21 Aug 2018 03:18:00 GMT

Australia's Central Bank: economy set fair

The Reserve Bank of Australia struck an upbeat sentiment on the economy, though stressed the need for rates to remain low, as it hoped for further decreases in the jobless rate and a revival in inflation and wage growth.

Tue, 21 Aug 2018 03:07:16 GMT

Interactive Brokers fined $5.5M for violations of short selling

The Financial Industry Regulatory Authority fined a Interactive Brokers Group's unit $5.5 million for violating some short selling rules at least during the three-year period.

Tue, 21 Aug 2018 02:33:11 GMT

UK presses for more sanctions by EU against Russia

Britain is set to call for the EU to rise sanctions against Russia, adding that the bloc had to stand together with the US, which hit Russia's capital Moscow with new curbs in August.

Tue, 21 Aug 2018 02:29:03 GMT

ConocoPhillips, PDVSA get $2B settlement

The US producer ConocoPhillips and Venezuela's PDVSA reached an agreement more than a $2B arbitration, the companies stated, suspending a dispute, which blocked the firm from exporting its oil from the key Caribbean facilities.

Mon, 20 Aug 2018 20:16:52 GMT

Dow approaches five-month high amid investor optimism

On Monday, the Dow Jones Industrial Average was set towards its highest mark in six months, boosted by investor optimism about the latest merger deals and trade developments.

Mon, 20 Aug 2018 20:15:39 GMT

Nvidia introduces new gaming chips

The US-based technology company Nvidia Corp released this Monday new gaming chips that combine artificial intelligence with the ‘real-time ray tracing' technology.

Mon, 20 Aug 2018 18:53:56 GMT

ECB fines Credit Agricole for breaching capital classification rules

The European Central Bank fined on Monday the French lender Credit Agricole and some of its subsidiaries for failing to comply with rules on the classification of capital items.

Mon, 20 Aug 2018 18:51:36 GMT

Bostic expects one more rate hike in 2018

According to the President of Atlanta Fed Raphael Bostic, the Federal Reserve could hike the interest rate one more time this year due to some downward pressure on the US economy.

Mon, 20 Aug 2018 18:14:29 GMT

Shanghai seeks cooperation with Tencent to bolster smart city initiative

Shanghai is set to cooperate with the technology firm Tencent Holdings in the fields of big data, cloud computing and artificial intelligence to bolster the smart city initiative.

Mon, 20 Aug 2018 18:12:02 GMT

Ambev to buy electric cars due to freight fares

The Brazilian beer producer Ambev announced on Monday its plan to purchase 1600 electric vehicles in order to avoid the new freight fares set for diesel trucks.

Mon, 20 Aug 2018 17:22:38 GMT

Total to withdraw from Iran's gas project

The French oil and gas company Total announced on Monday that it would withdraw from the Iranian South Pars gas project due to US sanctions.

Mon, 20 Aug 2018 17:18:33 GMT

Bostic says US economy strong enough without financial stimulus

The President of the Federal Reserve of Atlanta Raphael Bostic said the US economy was strong enough to move forward without the monetary stimulus set after the financial crisis.

Mon, 20 Aug 2018 16:07:09 GMT

Anthem, Walmart team up to launch over-the-counter drugs programme

Anthem partnered with Walmart over launching a programme in the beginning of the next year to allow their customers of the Medicare Advantage plan to buy over-the-counter drugs from the retailer's website and stores.

Mon, 20 Aug 2018 16:06:54 GMT

Praxair, Linde gain EU approval for $82B merger

On Monday, the EU antitrust regulator has granted its approval to Germany's industrial gases firm Linde and its US rival Praxair for their $82B worth merger deal.

Mon, 20 Aug 2018 15:20:54 GMT

Nissan to bolster Chinese production capacity by 40%

Japan's Nissan Motor is planning to make an investment of around $900M to bolster the China car-making capacity by 40% by 2021, as part of its strategy to become one of the leaders in the biggest car market.

Mon, 20 Aug 2018 15:16:27 GMT

Volkswagen to phase out 700K cars amid roof lighting

Volkswagen will have to recall around 700K Touran and Tiguan vehicles all over the world over a potential roof lighting defect, according to Germany's trade magazine Kfz-Betrieb.

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