News

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Mon, 13 May 2019 07:29:41 GMT

China car sales drop 14.6% YOY in April

Auto sales in China fell 14.6% year-on-year in April, the country's largest vehicle industry association reported on Monday, marking the tenth consecutive month of the slump.

Mon, 13 May 2019 06:38:06 GMT

Belgium's Fagron buys Mexico's Cedrosa

Fagron NV, Belgium's pharmaceutical ingredients group, announced on Monday it would acquire Mexico's Central de Drogas in an all-cash deal worth $18.39M, as it seeks to expand its footprint in Latin America.

Mon, 13 May 2019 06:34:47 GMT

Norway grants Euronext with clearance on Oslo Bors deal

Euronext, the EU stock market operator, won clearance from the Norwegian Ministry of Finance to acquire Oslo Bors, pushing the company closer to a victory in its battle with Nasdaq.

Mon, 13 May 2019 04:54:09 GMT

Lendlease's shares soar on approach report

Shares in Australia's Lendlease Group surged 9.7% to A$13.97 on Monday on a media report suggesting it became a takeover target, while the construction company said no "approach" had been received yet.

Mon, 13 May 2019 04:53:59 GMT

Pompeo heads to Brussels for talks on Iran

On Monday, Mike Pompeo, the US Secretary of State, is heading to Brussels to hold talks with the EU officials over Iran and other issues, before his trip to Russia to meet the Russian President Vladimir Putin in Sochi.

Mon, 13 May 2019 04:38:16 GMT

Colfax close to its air & gas unit sale

The welding and valves producer Colfax Corp is nearing a sale of its gas and air handling unit to the PE group KPS Capital Partners for over $1.8B, a deal that would help Colfax pay down its debt after acquiring the DJO Global medical devices maker for $3.15B.

Mon, 13 May 2019 04:33:10 GMT

Fonterra to sell Tip Top unit in $250M deal

On Monday, New Zealand's dairy group Fonterra confirmed its sale of the ice cream business Tip Top to the British firm Froneri in a deal valued at $250.3M, amid Fonterra's intention to cut its portfolio, shifting focus to international markets.

Mon, 13 May 2019 03:32:42 GMT

SoftBank to invest in Greensill

SoftBank Vision Fund is set to invest $800M in Greensill, the UK group providing chain funding to firms, Bloomberg reported, citing sources familiar with the matter.

Mon, 13 May 2019 03:30:06 GMT

China's electronic information production revenue up in Q1

The Chinese sector of electronic information production industry revealed 6.3% yearly increase in revenue in the first quarter of this year, official data showed.

Sun, 12 May 2019 20:13:21 GMT

Macao economic growth rate to rise by 4.3% in 2019

China's Macao economic growth rate is seen to rise by 4.3% this year, mainly driven by tourism, the Special Administrative Region monetary watchdog reported on Saturday, quoting the report published by IMF.

Sun, 12 May 2019 20:05:35 GMT

China views current account surplus in first quarter

China reported on Saturday that surplus in its current account came in at $58.6B in the Q1, up from $54.6B in the prior quarter, boosted by higher external demand for the country's goods.

Sun, 12 May 2019 19:18:27 GMT

Thyssenkrupp seeks new partners for steel operations

Germany's Thyssenkrupp is planning to seek new partners for the group's steel operations after scrapping the EU merger deal with the Indian company Tata Steel, Guido Kerkhoff, the CEO, announced on Sunday.

Sun, 12 May 2019 19:09:26 GMT

Pakistan signs agreement with IMF on $6.0B bailout

On Sunday, Pakistan has reached an agreement with the IMF on a three-year $6.0B bailout package that is aimed at enhancing fragile public finances, as well as boosting the slowing economy, the country's official stated.

Sun, 12 May 2019 18:32:39 GMT

China's express delivery sector expands slower in April

The China express delivery index plummeted came in at 100.8% last month, compared to 101.5% reading in March, according to the CFLP's data report revealed on Saturday.

Sun, 12 May 2019 18:27:47 GMT

China accepts three new initial public offerings

The Chinese national securities regulator approved three new applications for initial public offering of Guangdong SongYang Recycle Resources, Sichuan Dawn Precision Technology and Shandong Yuanli Science and Technology that are set to be listed on the A-share market.

Sun, 12 May 2019 17:33:47 GMT

Washington's tariff increase affects US-Sino trade tensions

Jon Taylor, the expert on China, stated on Sunday that Washington's decision to increase extra tariffs on China imports during another round of the US-China trade talks affected tensions between the two countries, making them "worse, not better".

Sun, 12 May 2019 17:28:52 GMT

China's smartphone deliveries rise in April

China's smartphones shipments surged 6.5% year over year in April to 34.79M units, according to the CAICT report seen on Saturday, while the overall mobile phones deliveries increased 6.7% last month to 36.53M units.

Sun, 12 May 2019 15:54:09 GMT

UN chief heads to New Zealand for three-day visit

Antonio Guterres, the United Nations' Secretary-General arrived in New Zealand's Aukland on Sunday amid his three-day visit to stress the climate change issues during the scheduled meeting with the country's Prime Minister Jacinda Ardern.

Sun, 12 May 2019 15:53:50 GMT

China's Vice Premier calls for US-China cooperation

Liu He, China's Vice Premier, stated that cooperation would be the only right decision for the Asian country and the United States, but added that China would not compromise on the major questions of principle.

Sun, 12 May 2019 15:35:59 GMT

Xi to deliver speech on May 15 in Beijing

China's President Xi Jinping is set to deliver his speech during the Conference on Dialogue of Asian Civilisations' opening ceremony, scheduled to be held in Beijing for May 15, a senior official reported.

Sun, 12 May 2019 15:29:28 GMT

CMBC gets approval to issue $5.88B perpetual bond

CMBC has received an approval on Sunday to issue a $5.88B worth perpetual bond, according to the CBIRC, in a move that should boost the adequacy and quality ratio of the commercial banks' capitals.

Sun, 12 May 2019 14:31:58 GMT

UAE's Utico to invest $294M in Singapore's Hyflux

UAE's Utico FZC submitted a binding bid to make a $294M investment in the Singaporean debt-laden water treatment company Hyflux, Utico's Chief Executive Richard Menezes stated on Sunday.

Sun, 12 May 2019 14:24:12 GMT

China elec-info manufacturing industry's revenue rises in Q1

The revenue of the Chinese electronic information production industry surged 6.3% year over year in the current year's Q1, according to recent official data provided by the country's Ministry of Industry and Information Technology.

Sun, 12 May 2019 13:26:38 GMT

SAIC-GM to recall over 7.5K vehicles

The joint venture between General Motors and the Shanghai-based SAIC Motor, SAIC-GM, is set to recall as much as 7.779 vehicles amid defective electronic power steering, including such car models as Chevrolet Camaro and Cadillac ATS-L.

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