News

Note: This section contains information in English only.
Mon, 29 Apr 2019 18:08:01 GMT

SEC gets assets frozen in connection with illegal trading in Anadarko

On Monday, the US District Judge Gregory Woods in Manhattan granted assets freeze to the US Securities and Exchange Commission in connection with illegal trading in Anadarko Petroleum.

Mon, 29 Apr 2019 17:07:12 GMT

Erdogan and Trump discuss joint working group

On Monday, Turkey's President Tayyip Erdogan and the US President Donald Trump in a telephone call discussed a proposal to strike a working group on the Russian S-400 missile system.

Mon, 29 Apr 2019 17:06:48 GMT

S&P 500 and Nasdaq hit new highs

On Monday, the Nasdaq and the S&P 500 hit new highs after data showed that the US consumer spending edged higher in March.

Mon, 29 Apr 2019 16:11:00 GMT

Oil prices remain stable

On Monday, crude oil prices remained stable, after a week-long bullish momentum was stopped on Friday after the US President Donald Trump pressed OPEC to offset Iran sanctions.

Mon, 29 Apr 2019 16:08:03 GMT

Dollar index reaches 23-month high

On Monday, the Dollar index, which measures the Greenback against six major currencies, hovered near twenty-three months high.

Mon, 29 Apr 2019 15:31:42 GMT

PetroChina's revenue grows steadily in Q1

PetroChina, the largest gas and oil producer in China, reported steady growth in revenue to $87.8B in the first quarter, an 8.9% yearly increase, the company's financial report showed.

Mon, 29 Apr 2019 15:28:09 GMT

Germany, France agree over battery cell consortium

Germany and France asked the European Commission to accept state subsidies for the battery cell consortium, which involved carmaker PSA with Germany's subsidiary Opel and Total's Saft.

Mon, 29 Apr 2019 14:39:32 GMT

Hungary's OTP views fresh takeovers in Balkans

OTP, the Hungarian banking group, is eyeing new acquisition deals in the former Yugoslav nations, seeking to expand its regional influence and keep rapid asset growth.

Mon, 29 Apr 2019 14:21:53 GMT

Sorgenia's potential bidders to make offers by May 6

Potential bidders for the Italian energy firm Sorgenia are seen to submit their interest expressions by May 6, Reuters reported on Monday.

Mon, 29 Apr 2019 13:37:36 GMT

Germany's Allianz considers buying L&G unit

On Monday, Sky News reported the German largest insurer Allianz stated it was in advanced talks to acquire Legal & General home insurance unit potentially for about £400M.

Mon, 29 Apr 2019 11:57:10 GMT

Parker Hannifin to take LORD in $3.68B deal

On Monday, Parker Hannifin, the US industrial conglomerate, announced it would acquire the privately owned LORD Corp in an all-cash deal valued at $3.68B, after hiring Barclays as the group's financial adviser.

Mon, 29 Apr 2019 11:55:48 GMT

Flydubai considers buying A320neo jets

Dubai carrier flydubai has entered talks with Airbus over a potential acquisition deal of the plane maker's A320neo aircraft, as the airline currently operates only a Boeing 737 planes fleet, its chairman stated on Monday.

Mon, 29 Apr 2019 11:04:18 GMT

Provident get more time to accept takeover bid

The sub-prime lender NSF has granted its competitor Provident Financial more time to accept the $1.68B hostile takeover bid, it announced on Monday.

Mon, 29 Apr 2019 10:53:48 GMT

Brazil's JBS acquires Adelle in $60M deal

The world's biggest meatpacker Brazil's JBS SA announced it had signed a deal to acquire Adelle Indústria de Alimentos, the local pork processor, for $59.8M.

Mon, 29 Apr 2019 09:58:45 GMT

Dollar surge stops on Monday

On Monday, the US Dollar surge stopped. Some financial media attributed the event to US data no longer providing a boost. Meanwhile, Dukascopy Analytics note that there is not even minor notable data being released today. The USD is experiencing a normal consolidation after having large gains.

Mon, 29 Apr 2019 09:58:22 GMT

Head of Emirates comments on Boeing 737 MAX

The President of the Emirates Airline Tim Clark announced on Monday that he is confident that Boeing will resolve issues that have been plaguing the 737 MAX airplane model. The news indicate that the company might buy the airplanes, boosting Boeing stock price.

Mon, 29 Apr 2019 09:38:36 GMT

Bosch to lunch fuel cells mass production

On Monday, the German car supplier Bosch has signed a pact with Powercell Sweden to jointly launch mass production of hydrogen fuel cells designed for electrifying the heavy-duty commercial autos.

Mon, 29 Apr 2019 08:39:54 GMT

AT&T posts lower-than-expected revenue estimates

AT&T's Q1 revenue missed Wall Street analysts' forecasts on Wednesday, following subscribers loss in almost of its core businesses.

Mon, 29 Apr 2019 08:37:22 GMT

Saudi TAQA unit to acquire Schlumberger's ME rigs

Saudi Arabian Industrialisation and Energy Services Company announced that Arabian Drilling Company, its drilling unit, would acquire Schlumberger's Middle East drilling rigs division for $145M.

Mon, 29 Apr 2019 07:11:11 GMT

Spain's Bankia Q1 net profit falls

On Monday, the Spanish state-owned lender Bankia posted a 10.8% drop in its Q1 net profit from the last year's results amid current pressure on the lending income and lower trading income.

Mon, 29 Apr 2019 07:08:37 GMT

Philips misses Q1 core profit estimates

Philips, the Dutch health technology firm, reported on Monday a 6% jump in its Q1 core earnings, but did not meet analysts' forecasts due to bleak sales growth.

Mon, 29 Apr 2019 06:39:06 GMT

Italy's deputy PM sets bid deadline for Alitalia

The Italian Deputy PM Luigi di Maio has set next Tuesday as the deadline for any bid to participate in the struggling carrier Alitalia's rescue plan, with the US airline Delta Air Lines and Italy's Ferrovie dello Stato ready to contribute to the bid.

Mon, 29 Apr 2019 06:35:03 GMT

Pioneer Natural Resources seeks Eagle Ford JV sale

Pioneer Natural Resources has entered the advanced talks over a sale of the company's Eagle Ford acreage, located in South Texas, to Ensign Natural Resources, the privately-held energy producer, sources confirmed.

Mon, 29 Apr 2019 05:07:45 GMT

Arabian Centres to attract $836M in IPO

Arabian Centres, Saudi Araboia's mall operator, is set to raise up to $836M in its planned initial public offering, which could become the country's largest since its National Commercial Bank raised $6B in 2014.

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