News

Note: This section contains information in English only.
Tue, 14 May 2019 14:37:31 GMT

Disney assumes full operational control of Hulu

Walt Disney has signed an agreement on Tuesday to assume the full operational control over Hulu from Comcast Corp, effective immediately, Disney announced in a statement.

Tue, 14 May 2019 14:31:54 GMT

VW gets worker support for restructuring plan

Volkswagen's workers have backed the proposed restructuring plan on Tuesday after its CEO Herbert Diess vowed to spend $1.1B on a new plant that produces battery cells, which is set to be established close to the carmaker's HQs in Lower Saxony.

Tue, 14 May 2019 13:20:48 GMT

Brazil's Natura to complete Avon Products deal

Natura Cosmeticos, the Brazilian makeup brand, is getting closer to concluding a takeover of Avon Products with the deal to be announced as early as this Friday, according to sources familiar with the situation.

Tue, 14 May 2019 12:50:03 GMT

Britain's Vodafone sells NZ business

On Monday, Vodafone Group agreed to a sale of its New Zealand unit for $2.23B to Canada's Brookfield and Nez Zealand's Infratil in a deal that could help the company reduce its debt.

Tue, 14 May 2019 10:50:35 GMT

Scout24 takeover bid by Blackstone, H&F fails

The takeover offer made by Blackstone and Hellman & Friedman for Scout24 was scrapped after failing to reach the 50% shares threshold, the bidders announced on Tuesday.

Tue, 14 May 2019 10:50:30 GMT

Ardian to acquire Cerberus' Spanish wind farms

Ardian, the French investment fund, is nearing a takeover of the Spanish wind farms owned by Renovalia in a deal worth $617.87M, paving its way to the green energy sector.

Tue, 14 May 2019 09:51:31 GMT

UK Prime Minister is pressured by her party

On Tuesday, the British Prime Minister Theresa May faced pressure from her political party to drop all Brexit talks with the opposition.

Tue, 14 May 2019 09:50:36 GMT

Chinese stocks decline

As the London trading session began on Tuesday, Chinese stock prices declined. The decline was caused by European investors dropping their investments in China.

Tue, 14 May 2019 08:38:34 GMT

France's Auchan Retail to sell Italian unit to Conad

Auchan Retail, the French supermarket group, agreed on a sale of nearly all of its activities in Auchan Retail Italia to Italy's co-operative retail group Conad, not disclosing the financial terms of the deal yet.

Tue, 14 May 2019 08:35:43 GMT

VW shares soar 2.7% on truck IPO plans

Volkswagen's shares jumped 2.7% in early trading on Tuesday, following the German carmaker's announcement about the resumed plans for an initial public offering of its Traton trucks unit.

Tue, 14 May 2019 07:39:39 GMT

US judge calls for hearing on CVS-Aetna merger

The US federal judge ordered on Monday to hold a hearing regarding the planned merger between CVS Health and Aetna worth $69B, with a possible outcome to receive an approval for the deal.

Tue, 14 May 2019 06:39:55 GMT

Nexon's parent postpones stake sale bidding

South Korea's gaming firm Nexon parent decided to delay its bidding process planned for this week to sell the majority stake of the company, sending shares down.

Tue, 14 May 2019 06:37:04 GMT

VW renews preparations for truck unit listing

On Monday, Volkswagen announced it was set to resume all preparations for its truck unit Traton's initial public offering, after it had been suspended in March amid volatile market conditions.

Tue, 14 May 2019 04:41:23 GMT

Trump and Xi arrange meeting

It was announced by the US President Donald Trump on Monday that he and his Chinese counterpart President XI Jinping are set to meet next month to negotiate trade.

Tue, 14 May 2019 04:40:55 GMT

Bank of Japan considers further easing

On Tuesday, the Governor of Bank of Japan Haruhiko Kuroda announced that the bank will consider further monetary easing, if consumer prices in Japan would stop their growth.

Tue, 14 May 2019 04:32:17 GMT

Walmart makes move against Amazon

In an effort to compete with Amazon, Walmart has announced that it is introducing one-day free shipping in the US. The announcement comes a couple of weeks after Amazon did the same.

Tue, 14 May 2019 04:31:47 GMT

Australian Dollar and Chinese Yuan gain value

On Tuesday, the Chinese Yuan and the Australian Dollar increased in value against the US Dollar. The event was attributed to the continuation of the decline of the USD due to recently enacted tariffs on the US by China.

Tue, 14 May 2019 03:24:30 GMT

Indonesia's CB to hold rate unchanged

Indonesia's Central Bank is expected to keep the main interest rate unchanged for a sixth policy meeting in succession, as rising US-China trade tensions renewed pressure over the Rupiah, a Reuters poll revealed.

Tue, 14 May 2019 03:21:18 GMT

US to exempt camera parts, water filters from China tariffs

The Trump administration announced that it is set to exempt a range of extra Chinese-made goods from 25% US tariffs, including industrial and water filtering equipment, remote control devices, small electric motors and stereoscopic microscopes.

Mon, 13 May 2019 20:21:40 GMT

Saudi slams attack on tankers

Saudi Arabia slammed on Monday an attack on four oil tankers off the United Arab Emirates coast, saying that two of them belonged to the crown.

Mon, 13 May 2019 20:18:54 GMT

Uber's Khosrowshahi predicts more pressure

The Uber Technologies CEO Dara Khosrowshahi warned on Monday that the company's stock would remain under heavy pressure in the upcoming months amid ongoing doubts over the selected business model.

Mon, 13 May 2019 19:21:53 GMT

Facebook raises salary for US employees

Facebook Inc announced on Monday that it has decided to increase minimum wage for American contractors to $20 per hour amid rapidly rising cost of living.

Mon, 13 May 2019 19:17:50 GMT

US thinks Iran behind tanker attacks

According to American officials close to the matter, the US believes that Iran was the mastermind of recent attacks on tankers off the UAE coast, though there is no evidence to prove that.

Mon, 13 May 2019 18:09:45 GMT

Beiersdorf to acquire Coppertone for $550M

The Nivea products' manufacturer Beiersdorf announced on Monday acquisition of the US brand Coppertone from German Bayer for $550M.

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