News

Note: This section contains information in English only.
Fri, 10 May 2019 09:47:09 GMT

Stocks are set for worst week this year

By the middle of Friday's global trading, global stock indices slightly recovered. Despite that global stocks were expected to book its worst performing week since December 2018.

Fri, 10 May 2019 09:46:33 GMT

Chinese bad loans reach record level

On Friday, Chinese officials announced that non-performing loans at Chinese commercial banks has reached to $317.66 billion. This is a sixteen year high level.

Fri, 10 May 2019 09:35:02 GMT

Norway's Okea seeks to attract $100M in IPO

Okea ASA, the Norwegian oil company, is set to apply for the Oslo Stock Exchange initial public offering, seeing its shares to begin trading by the end of June, the firm stated on Friday.

Fri, 10 May 2019 09:28:27 GMT

SoftBank shares drop on Uber IPO price

Shares in Japan's SoftBank Group plunged as much as 5.5% on Friday, after its tech bet Uber Technologies had priced its IPO at the targeted range's low end.

Fri, 10 May 2019 08:37:20 GMT

Brewin Dolphin to acquire Investec's wealth unit

Britain's Brewin Dolphin agreed to acquire the Irish wealth business owned by Investec in a cash-deal valued at $49M that is likely to make the firm one of the top-three wealth managers in the country.

Fri, 10 May 2019 08:33:09 GMT

Thyssenkrupp to explore elevators business' partial listing

Thyssenkrupp is exploring a listing or carve-out of the elevators business, as the German company abandoned plans on splitting itself up with the cross-shareholding structure.

Fri, 10 May 2019 07:36:20 GMT

Subaru sees recovering sales to bolster profit

Japan's Subaru stated on Friday it expected vehicle sales to recover this year, seeking to boost its 2019 profit, and bouncing back from the previous year when the carmaker's earnings halved amid production delays.

Fri, 10 May 2019 07:32:03 GMT

Danske Bank names ex-ABN Amro banker as CEO

On Friday, Danske Bank announced it had appointed the former ABN Amro executive Chris Vogelzang as the lender's new CEO to replace the interim CEO Jesper Nielsen appointed last October, following Thomas Borgen's resignation.

Fri, 10 May 2019 06:35:25 GMT

Kinder Morgan Canada to preserve independence

Kinder Morgan Canada stated it would preserve its independence after the pipeline company's strategic view that explored possible options, including sale of the firm.

Fri, 10 May 2019 06:28:34 GMT

AB InBev's Asia unit files for HK IPO

On Friday, Anheuser-Busch InBev's Asian business filed for an initial public offering in Hong Kong, potentially valued at no less than $5.0B, according to sources familiar with the situation.

Fri, 10 May 2019 04:56:16 GMT

Infratil considers to acquire Vodafone's NZ unit

On Friday, the utilities investor Infratil stated it had entered talks to acquire Vodafone Group's New Zealand operations along with an unnamed party, as Vodafone was seeking to consolidate its Australian and NZ businesses.

Fri, 10 May 2019 04:50:10 GMT

Rappi to add more cities to operate in Brazil

Latin America's Rappi is planning to triple the cities number in Brazil where its delivery service operates, after clinching a deal with Japan's SoftBank worth $1.0B.

Fri, 10 May 2019 04:38:00 GMT

Natixis buys stake in Australia's resources M&A adviser

France's broker Natixis took a stake in the Australian resources M&A adviser, Azure Capital, seeking to expand its footprint into the global deal-making services, the group announced on Friday.

Fri, 10 May 2019 04:33:39 GMT

TiVo Corp to split into two businesses

On Thursday, TiVo Corp announced its board had approved a decision to separate its product units from the intellectual property licensing division, amid the set-top box developer's intention to lure more buyers.

Thu, 09 May 2019 20:01:26 GMT

Mitsubishi not in talks on integration with Renault, Nissan

Mitsubishi Motors Chief Executive Officer, Osamu Masuko, stated on Thursday that the carmaker had not entered talks with Renault and Nissan Motor over potential management integration, adding he was not aware of such discussions between the companies.

Thu, 09 May 2019 19:57:05 GMT

Copa Airlines confident about Boeing's 737 MAX jets

On Thursday, Panama's Copa Airlines stated it was fully confident about its Boeing's 737 MAX aircraft, which had been grounded across the world since March due to two fatal crashes, adding the carrier expected the planes to resume operations starting from August.

Thu, 09 May 2019 19:35:26 GMT

LafargeHolcim's Philippines operations to be sold for $2.15B

The world's biggest cement maker LafargeHolcim is planning a sale of its Philippines business to San Miguel Corporation, the infrastructure group, in a deal valued at $2.15B, as the group keeps selling off its divisions in fringe markets.

Thu, 09 May 2019 19:31:12 GMT

Reliance Industries takes toy retailer Hamleys

The Indian the energy-to-telecoms group Reliance Industries announced on Thursday it had taken over the UK toy retailer Hamleys, not disclosing the financial terms of the deal; however, it is known that C Banner acquired the British firm for £100M in 2015.

Thu, 09 May 2019 17:51:10 GMT

EU countries reject ultimatums from Tehran

On Thursday, European countries stated that they wanted to save Iran's nuclear deal, as the Foreign Ministers of Britain, France and Germany rejected a 60-day deadline from Tehran.

Thu, 09 May 2019 17:51:00 GMT

British PM May meets with DUP

On Thursday, the UK Prime Minister Theresa May held talks with the leader and senior member of the Democratic Unionist Party, her spokesperson stated.

Thu, 09 May 2019 16:53:06 GMT

PSA in advanced talks with Tata Motors to acquire JLR

According to a report by the British news agency, the French automotive group PSA was in advanced discussions with India's Tata Motors to acquire Jaguar Land Rover.

Thu, 09 May 2019 16:52:57 GMT

Telia faces EU antitrust investigation

According to two people with knowledge of the matter, the Nordic telecoms operator Telia's faces EU antitrust investigation of $954 million over the Bonnier Broadcasting deal.

Thu, 09 May 2019 16:13:25 GMT

US trade deficit with China at five-year low

The US Commerce Department announced on Thursday that the United States goods trade deficit with China reached five years low in March.

Thu, 09 May 2019 16:13:16 GMT

US SEC plans to change accelerated filer definitions

On Thursday, the US Securities and Exchange Commission voted to change the definitions of "accelerated filer" for public companies.

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