News

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Tue, 23 Apr 2019 15:11:40 GMT

BNP Paribas looks for buyers for its banks' stakes

On Tuesday, BNP Paribas stated it was seeking for buyers for the stakes in its Gabon and Tunisia retail banks amid the French lender's intention to exit several non-core assets.

Tue, 23 Apr 2019 14:53:26 GMT

Murphy Oil to acquire Gulf of Mexico assets

On Tuesday, gas and oil producer Murphy Oil announced it would acquire assets of Gulf of Mexico from LLOG Bluewater Holdings and LLOG Exploration Offshore in a cash-deal worth at least $1.38B, seeking to boost its presence in the region.

Tue, 23 Apr 2019 14:38:55 GMT

Thomas Cook shares soar on suitors interest

On Tuesday, bonds and shares of Thomas Cook Group surged 16.2% on a report a couple of suitors had approached the UK travel company with potential takeover bids.

Tue, 23 Apr 2019 14:26:38 GMT

Energias de Portugal to pass verdict on CTG

Energias de Portugal's shareholders are set to pass a verdict on the $10B proposed takeover by China Three Gorges during their meeting scheduled for Wednesday.

Tue, 23 Apr 2019 13:37:00 GMT

Amazon boosts ties with France's Casino

The US e-commerce titan Amazon is strengthening its ties with the French retailer Casino by making the majority of the firm's products available on the US platform and installing Amazon's pick-up lockers in the Casio stores.

Tue, 23 Apr 2019 10:50:53 GMT

Beyond Meat set to launch IPO worth $183.8M

Beyond Meat, the vegan burger maker, is seeking to attract up to $183.8M from its initial public offering, pricing the company's shares between $19-$21 according to the US Securities and Exchange Commission filing.

Tue, 23 Apr 2019 10:50:47 GMT

Nissan to reject Renault's integration proposal

Nissan Motor is planning to reject a proposal made by its French partner Renault over management integration, seeking to ask for the equal capital relationship, Nikkei reported on Monday.

Tue, 23 Apr 2019 10:09:07 GMT

China regulates rocket industry

The Chinese government on Tuesday announced that it will soon publish rules that would regulate the commercial rocket manufacturing industry, launches and test flights.

Tue, 23 Apr 2019 10:08:27 GMT

Federal Reserve publishes GDP forecast

On Tuesday, the Atlanta Federal Reserve published its US GDP model's results. The model indicates that US GDP should have grown from 2.2 to 3.4 percent during the last quarter.

Tue, 23 Apr 2019 09:37:48 GMT

Sainsubry, British Land sell 12 Superstores properties

On Tuesday, British Land Company and its JV partner Sainsbury conducted a sale of 12 Superstores properties worth £429M to the US-based Realty Income Corp.

Tue, 23 Apr 2019 08:26:04 GMT

France's Casino sells its portfolio to Apollo Global

On Monday, the French retailer Casino agreed to sell its 20 Casino supermarkets and 12 hypermarkets portfolio to Apollo Global Management, the US asset management company, in a deal valued at about €470M.

Tue, 23 Apr 2019 08:01:17 GMT

DouYu plans $500M worth US IPO

DouYu International Holding, the Tencent-backed live-streaming firm, has filed for an initial public offering in the United States of up to $500M, seeking to expand its footprint in the US market.

Tue, 23 Apr 2019 06:55:23 GMT

ExxonMobil signs 20-year LNG pact with Zhejiang Energy

Exxon Mobil has inked a 20-year agreement with China's Zhejiang Energy to supply the Chinese company the liquefied natural gas, as the US gas and oil giant seeks to expand its footprint in China.

Tue, 23 Apr 2019 06:51:09 GMT

US likely to approve T-Mobile-Sprint tie-up

Senior executives of Sprint and T-Mobile filed the case to the US officials in Washington, calling on them to approve the planned merger between the wireless companies, claiming the new group would try to have "aggressively lower prices".

Tue, 23 Apr 2019 06:38:50 GMT

Luckin to attract up to $800M in US IPO

Starbucks' Chinese rival Luckin Coffee filed for an initial public offering in the United States on Monday, seeking to raise about $500-$800M, sources close to the matter said.

Tue, 23 Apr 2019 04:43:33 GMT

US Dollar surges on Tuesday

On Tuesday, the US Dollar surged against most of its peers, as the US financial institutions returned to work after Easter holidays.

Tue, 23 Apr 2019 04:43:04 GMT

Japan comments on Iranian oil waivers

On Tuesday, Japanese officials announced that the US decision to no longer allow various countries to import Iranian oil will not hurt the Japanese economy.

Tue, 23 Apr 2019 04:34:43 GMT

US ends Iranian oil import waivers

On Monday, the US government announced that countries, which previously were allowed to buy Iranian oil, can no longer do so starting from May 1.

Tue, 23 Apr 2019 04:34:16 GMT

Asian stock indices surge

On Tuesday, the Asian stock market indices surged. The only exception was the Chinese stock market, which experienced a slight decline.

Tue, 23 Apr 2019 03:30:43 GMT

Asiana Airlines to get $1.4B support from creditors

South Korea's creditors are expected to provide $1.40B in financial aid to debt-laden Asiana Airlines, the country's Finance Minister stated, alleviating liquidity problems.

Tue, 23 Apr 2019 03:28:05 GMT

Whirlpool's profit beats amid price hikes

Appliances maker Whirlpool beat analysts' forecasts for quarterly profit, fuelled higher prices to counter an increase in raw material and freight costs.

Mon, 22 Apr 2019 20:32:36 GMT

Herman Cain decides not to join Fed's board

The US President Donald Trump stated on Monday that Herman Cain has decided to stop seeking a place in the Fed's board amid resistance in the Republican party.

Mon, 22 Apr 2019 20:29:16 GMT

USTR to have new general counsel

The US Trade Representative Robert Lighthizer stated on Monday that General Counsel Stephen Vaughn would leave the White House and give his post to lawyer Joseph Barloon.

Mon, 22 Apr 2019 19:30:12 GMT

Petrobras reconsiders policy towards whistleblowers

The Brazilian oil giant Petrobras Petroleo Brasileiro SA stated on Monday that it was reviewing its attitude towards whistleblower complaints amid a scandal with traders accused of corruption.

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