News

Note: This section contains information in English only.
Wed, 17 Apr 2019 17:52:31 GMT

EU ends Danske Bank investigation

European Union's banking regulators announced on Wednesday that they have ended their investigation of money laundering activities done by Danske Bank. The results have been submitted to the European Commission, which will act further.

Wed, 17 Apr 2019 17:51:20 GMT

Apple is in talks with suppliers

On Wednesday, it was revealed by Apple Inc that the company has held talks with four suppliers that could supply next generation self-driving auto lidar sensors. The reveal signalled that Apple continues to develop autonomous car technology.

Wed, 17 Apr 2019 17:22:21 GMT

FCC chairman opposes China Mobile

The Chairman of the United States Federal Communications Commission Ajit Pai announced on Wednesday that he is opposing China Mobile's entrance into the US market.

Wed, 17 Apr 2019 17:21:54 GMT

Wall Street drops on open

On Wednesday, US stock markets started the day's trading session with a decline. The decline was attributed to a decline in healthcare stocks.

Wed, 17 Apr 2019 15:50:21 GMT

Nissan's Infiniti to roll out first EV in three years

Nissan Motor's premium brand Infiniti is preparing to launch its first electric vehicle in three years, which is set to be a sport sedan, the carmaker's chairman Christian Meunier announced in a statement on Wednesday.

Wed, 17 Apr 2019 15:50:12 GMT

Bizzabo attracts $27B in private funding

On Wednesday, the US-Israeli event software maker Bizzabo stated it had raised $27.0B in its round of funding conducted by Viola Growth, bringing its total fundraising to $56M.

Wed, 17 Apr 2019 14:51:04 GMT

ABB head resigns abruptly on Wednesday

ABB CEO Ulrich Spiesshofer has stepped down abruptly from the Swiss industrial company amid shareholders' and the board's plans for an accelerated turnaround of the group.

Wed, 17 Apr 2019 14:50:51 GMT

Caixa has plans for stake sale in Petrobras

Caixa Econômica Federal is planning a sale of its stake in the Brazilian state-run oil company Petroleo Brasileiro, hiring Morgan Stanley and Bank of America as advisers to a potential deal.

Wed, 17 Apr 2019 14:38:09 GMT

PepsiCo Q1 results top analysts' estimates

On Wednesday, PepsiCo reported its Q1 profit and sales above estimates, bolstered by a higher demand for its beverages and snacks, sending the company's shares up 2%.

Wed, 17 Apr 2019 13:17:28 GMT

China auto market to resume growth this year

China's auto market is set to return to growth this year's second half due to government's support after the automotive sales declined last year on slowing economy and trade dispute with the US.

Wed, 17 Apr 2019 13:08:26 GMT

Switzerland to build 5G risk monitoring system

Switzerland will launch a monitoring system designed to assuage any concerns over potential health risk posed by the 5G mobile frequency emissions, the government announced on Wednesday.

Wed, 17 Apr 2019 12:39:23 GMT

Morgan Stanley posts better-than-expected Q1 profit

Morgan Stanley reported its Q1 profit topped analysts' forecasts on Wednesday due to the wealth management business gains and lower expenses, taking the company's shares up 3%.

Wed, 17 Apr 2019 12:34:19 GMT

Reliance Industries considers UK Hamleys takeover

Reliance Industries has entered talks to acquire the British toymaker Hamleys, seeking to expand its footholds in the consumer sector, the Moneycontrol news outlet reported on Wednesday.

Wed, 17 Apr 2019 11:38:39 GMT

Deutsche Bahn backs Arriva sale to cut debt

Germany's Deutsche Bahn, the indebted railway operator, has favoured a sale, partial or complete, of its UK subsidiary, Arrive with the intention to trim its debt, according to Reuters.

Wed, 17 Apr 2019 11:35:38 GMT

Aramco set to take Shell's stake in SASREF

Saudi Aramco is planning to acquire Royal Dutch Shell's 50% stake in SASREF, the Saudi refining joint venture, sources reported on Wednesday, claiming the agreement between two companies has been already reached.

Wed, 17 Apr 2019 10:07:20 GMT

Oil reaches 2019 high level

Crude oil price benchmarks reached 2019 high levels on Wednesday. The prices were expected to continue to gain, as various aspects decreased the global output.

Wed, 17 Apr 2019 10:06:44 GMT

Anbang slashes registered capital

On Wednesday, the Chinese insurance company Anbang announced that it is slashing a third of its registered capital. The announcement was made by the state takeover work group, which is restructuring the company.

Wed, 17 Apr 2019 09:06:05 GMT

Brazil's Afya prepares for NY IPO

Afya, the Brazilian educational group, is planning to launch its initial public offering on the New York Stock Exchange in the following months, joining the rising number of Latin American firms that list outside the home markets.

Wed, 17 Apr 2019 09:00:39 GMT

Weichai Group seeks Ferretti's listing

China's giant Weichai Group, which holds about 87% stake in Ferretti, seeks for a listing of the luxury yacht maker, planning to decide on the deal timetable in the nearest time, Ferretti's CEO Alberto Galassi stated on Tuesday.

Wed, 17 Apr 2019 08:06:23 GMT

Nippon Paint makes $2.7B offer for DuluxGroup

The Japanese group Nippon Paint Holdings made a takeover offer for the Australian largest paint maker DuluxGroup worth $2.7B, as the company seeks to expand its global footprint by entering Australia's market.

Wed, 17 Apr 2019 07:55:24 GMT

Apollo to take over Smart & Final Stores

Apollo Global Management is set to purchase Smart & Final Stores in a deal valued at $1.1B, including debt, paying $6.50 for Smart & Final's share in cash, the US public equity group announced.

Wed, 17 Apr 2019 07:21:59 GMT

Air taxi firm Lilium hires CFO from Uniper

The German air taxi start-up Lilium named Christopher Delbrueck, the Uniper Chief Financial Officer, as the company's first CFO, preparing for production and operation of a battery-powered aircraft fleet.

Wed, 17 Apr 2019 07:19:42 GMT

Macron pledges to restore Notre-Dam Cathedral in five years

The French President Emmanuel Macron is hoping to rebuild the Notre-Dam Cathedral, devastated in a fire, in five years, calling on French citizens to unite for a help to restore their national symbol.

Wed, 17 Apr 2019 06:31:20 GMT

Pernod Ricard to acquire Italy's Malfy

Pernod Ricard signed an agreement with Biggar & Leith to acquire its Italian premium gin brand Malfy, as the alcoholic beverages distributor is expanding its fast-growing portfolio, it announced on Wednesday, not disclosing the financial terms of the deal.

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