News

Note: This section contains information in English only.
Fri, 25 May 2018 15:34:45 GMT

Billionaire Icahn sells a number of his shares in a Herbalife company

Carl Icahn, who is billionaire investor and has devoted years protecting Herbalife Nutrition Ltd against well-known short-seller William Ackman, has sold a little part of his shares.

Fri, 25 May 2018 15:25:20 GMT

People from Australia to Britain feel Deutsche Bank employment cuts

The consequences of Deutsche Bank's job cuts are being felt already from Sydney to London, in total to cut a minimum of 7000 jobs, said in the anonymity lasting person.

Fri, 25 May 2018 14:37:14 GMT

China to use cornerstone investors to aid Xiaomi, Alibaba list at hone

China is planning to use cornerstones to aid its tech majors such as Xiaomi and Alibaba to launch listing in the mainland, three sources familiar with the matter said.

Fri, 25 May 2018 14:34:40 GMT

Braskem valued at $11.4B in bid to Brazil's Odebrecht

LyondellBasell Industries valued Brazil's petrochemical firm Braskem at $11.4B in a bid to Odebrecht Sa last month, according to the Valor Economico newspaper.

Fri, 25 May 2018 13:31:11 GMT

Italy's Eni working on joint bid for solar assets of Terra Firma

The CEO of Italy's oil giant Eni, Claudio Descalzi, stated on Friday the company was working on a bid for the solar assets of Terra Firma with Qatar Petroleum in Italy.

Fri, 25 May 2018 13:24:30 GMT

Mexico's Guajardo sees 40% chance of NAFTA accord

On Friday, Ildefonso Guajardo, the Mexican Economy Minister stated he had seen a 40% chance of finalising the renegotiation of the NAFTA deal ahead of the country's Presidential election set for July 1.

Fri, 25 May 2018 11:55:52 GMT

EU eliminates St Kitts, Bahamas from tax haven list

On Friday, Finance Ministers of the European Union agreed to remove Saint Kitts, Nevis and Bahamas from the bloc's tax haven blacklist.

Fri, 25 May 2018 11:51:23 GMT

Siemens to invest about $12B into Northvolt's battery project

Siemens stated on Friday it would invest $11.73M into the Northvolt's project worth $5B to build the EU biggest lithium-ion plant in the northern Sweden.

Fri, 25 May 2018 11:34:39 GMT

Iran calls on EU to present measures to save nuclear accord

Tehran is calling on the European Union to provide the measures by this month's end that would save the Iran nuclear deal, following the US decision to withdraw from the accord.

Fri, 25 May 2018 11:31:32 GMT

Saudi Falih: Aramco listing likely to take place in 2019

On Friday, Saudi Arabia's Energy Minister Khalid al-Falih stated that the initial public offering of the oil titan Aramco was likely to take place in 2019, confirming its delay of the listing scheduled for this year.

Fri, 25 May 2018 10:36:43 GMT

Partners Group's consortium set to acquire Techem for $5.4B

A Partners Group Holding-led consortium is set to acquire the German metering firm Techem from Macquarie in a deal worth $5.4B, the Swiss asset manager stated on Friday.

Fri, 25 May 2018 10:26:34 GMT

Telecom group Telia in negotiations to acquire Bonnier's unit

According to the Swedish magazine Resume, Telia, Sweden's telecom group, is in advanced talks to acquire a broadcasting business of the media firm Bonnier for the price of up to $1.38B.

Fri, 25 May 2018 09:35:07 GMT

Polish firm Cyfrowy to acquire majority stake in ESN Sp.z o.o.

Poland's telecoms and media group Cyfrowy announced late on Thursdat that it had agreed to acquire a majority stake in the sports content distributor Eleven Sports Network Sp.z o.o. for $44.48M.

Fri, 25 May 2018 09:31:15 GMT

Brazil's electronics firm Multilaser plans listing

On Thursday, the Brazilian electronics firm Multilaser Industrial has filed for an initial public offering, seeking to sell an undisclosed amount of its stake.

Fri, 25 May 2018 08:36:20 GMT

WeChat removes SeekingArrangement dating website

Tencent's China social media service WeChat has dropped its dating website called SeekingArrangement from the platform, as the popularity of the app attracted scrutiny from the local media.

Fri, 25 May 2018 08:31:37 GMT

US jury rules Samsung to pay Apple $539M in patent retrial

On Thursday, the US jury has ruled Samsung Electronics to pay $539M to Apple for copying its patented smartphone features, ending a years-long feud between the companies.

Fri, 25 May 2018 07:28:58 GMT

Ireland to vote on abortion legalisation on Friday

Ireland is set to go to the polls on Friday to vote on the legalisation of abortion with no clear outcome in sight.

Fri, 25 May 2018 06:20:39 GMT

Oil prices weaken on Friday

Oil prices fell early on Friday following a comment that Russia might gradually increase its oil supply to the market.

Fri, 25 May 2018 06:17:03 GMT

EU's new data protection regulation goes into effect on Friday

The European Union's General Data Protection Regulation that deals with personal data protection and enhanced consumer rights goes into effect today.

Fri, 25 May 2018 05:10:44 GMT

Malaysia to pay 1MDB debt

The Finance Minister of Malaysia Lim Guan Eng promised on Friday that the government will honour its obligations with respect to $9.54B debt raised by bankrupt 1Malaysia Development Berhad (1MDB).

Fri, 25 May 2018 05:05:43 GMT

Indonesia adopts stricter anti-terror laws

The Indonesian Parliament adopted on Friday a set of new counter-terrorism laws that inter alia enable police to preventively detain suspect and prosecute people who recruit or join terrorist and militant groups.

Fri, 25 May 2018 04:21:19 GMT

Wilbur Ross to visit China in June

The US Secretary of Commerce Wilbur Ross will make an official visit to China in early June to discuss the ongoing trade dispute between the world's two largest economies.

Fri, 25 May 2018 04:17:39 GMT

Mexico stays optimistic over NAFTA talks

The President of Mexico Enrique Pena Nieto said on Thursday he believes that a new Free Trade Agreement can be reached despite American position on automobile tariffs.

Fri, 25 May 2018 03:03:12 GMT

Apple blocks plan of Stream to expand video games to iPhones

Apple blocked the biggest PC-based video games distributor's plans to expand its reach into iPhones, the game distributor stated.

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