News

Note: This section contains information in English only.
Mon, 15 Apr 2019 13:31:15 GMT

Lundin Mining to take over Yamana Gold's mine

On Monday, Lundin Mining stated it would take over Yamana Gold's gold-copper mine in Brazil in a deal worth over $1.0B, seeking to boost the company's base metals portfolio, and sending Yamana Gold's shares up 7.4% to $2.75 on the news.

Mon, 15 Apr 2019 12:39:24 GMT

Siris Capital to acquire EFI

On Monday, the electronics for Imaging, the digital printing company, announced it would sell itself to the private equity company's affiliate Siris Capital Group in a deal valued at around $1.7B in cash.

Mon, 15 Apr 2019 11:09:45 GMT

Audi to sell stakes in development service vendors

Audi is planning a stake sale in its two development service vendors, seeking to shed 49% stake in PSW Engineering and divest its CSI Entwicklungstechnik division with the 700 staff.

Mon, 15 Apr 2019 11:00:37 GMT

AB InBev hires BAML, Citi for Asian IPO

Anheuser-Busch InBev, the biggest brewer in the world, has hired BAML and Citigroup to join the banks working on the planned Asia-Pacific initial public offering that could attract up to $5.0B.

Mon, 15 Apr 2019 09:54:56 GMT

EU backs reform that targets Facebook and Google

On Monday, nineteen EU countries agreed to remove a two decade old rule that did not allow the creation of new legislation, which would force Google into paying publishers for news on Facebook. The new law is aimed at filtering out protected content.

Mon, 15 Apr 2019 09:54:21 GMT

Yen drops to 2019 low level

On Monday, the Japanese Yen dropped to its 2019 low level. The Yen dropped due to various reasons. Among them was weak demand for safe haven currencies and a recent multibillion deal of a Japanese company with the EU.

Mon, 15 Apr 2019 09:39:45 GMT

Foxconn chairman Gou likely to resign

The Foxconn Chairman Terry Gou announced on Monday he was planning to step down from his position within the coming months, paving the way for the younger talents.

Mon, 15 Apr 2019 09:37:09 GMT

Toyota sells EV tech to China's Singulato

Toyota Motor agreed to sell its electric vehicle technology to the Chinese start-up Singulato, allowing the Asian company to accelerate the planned mini EV development.

Mon, 15 Apr 2019 08:36:40 GMT

UK's Brewin Dolphin plans Investec's arm buy

Brewin Dolphin, the British wealth manager, has entered talks to take over Investec's Irish wealth management business in a potential deal valued at $68M.

Mon, 15 Apr 2019 08:33:25 GMT

Trafigura Group to take control over Nyrstar

Trafigura Group agreed to take control over the Belgian mining and metals company Nyrstar amid a recapitalisation plan, Nyrstar announced on Monday.

Mon, 15 Apr 2019 07:32:34 GMT

Aramco takes Hyundai Oilbank's $1.2B stake

Saudi Aramco agreed to acquire a stake worth $1.2B in Hyundai Oilbank, the South Korean oil refiner, as the state-owned petroleum and national gas company seeks to expand its foothold in Asia.

Mon, 15 Apr 2019 07:18:47 GMT

Vivendi posts jump in Q1 sales

France's Vivendi reported on Monday its Q1 sales surged 10.7% from last year to €3.46B, boosted by the media conglomerate's recent takeover of the publishing business Editis and UMG music unit growth.

Mon, 15 Apr 2019 06:11:47 GMT

Trump's re-election campaign attracts over $30M in Q1

The re-election campaign of the US President Donald Trump raised over $30M in the current year's first quarter, outpacing the total attracted by individual Democratic nominees during that period.

Mon, 15 Apr 2019 06:11:37 GMT

Lyft removes e-bikes from three US cities

Lyft has removed thousands of its electric bikes from Washington, San Francisco and New York, after receiving complaints about braking, the ride-hailing service announced on Sunday.

Mon, 15 Apr 2019 05:28:00 GMT

VW seeks battery partners to set Gigafactories

Volkswagen is calling on its energy battery partners, including South Korea's SK Innovation, Samsung SDI and LG Chem, to establish electric vehicle battery plants that will have no less than one Gigawatt production capacity, its CEO Herbert Diess said on Monday.

Mon, 15 Apr 2019 05:20:39 GMT

Singapore's private home sales soar in March

Singapore's private home sales by developers surged 47.2% in March, compared to the same period last year, the country's Urban Redevelopment Authority showed on Monday.

Mon, 15 Apr 2019 04:36:11 GMT

Waste Management to purchase smaller rival for $2.9B

The Wall Street Journal announced in its Sunday report that the Houston-based Waste Management would buy its smaller competitor Advanced Disposal Services in an all-cash deal worth $2.9B.

Mon, 15 Apr 2019 04:30:17 GMT

Catalent takes over Paragon Bioservices

The drug developer Catalent is set to acquire the privately-owned, gene-therapy oriented Paragon Bioservices in a deal valued at $1.2B, according to the Wall Street Journal's report on Sunday.

Mon, 15 Apr 2019 03:32:50 GMT

US to use all tools to keep Maduro accountable

The United States is set to use all political and economic tools at its disposal to keep Venezuela's President Nicolas Maduro accountable for his country's crisis, the US State Secretary Mike Pompeo stated.

Mon, 15 Apr 2019 03:30:14 GMT

British car insurance premiums decline 1% in Q1

The comprehensive car insurance policy's cost fell 1% in the UK in the first quarter, affected by uncertainty over the rate used to calculate the Civil Liability Bill and compensation for personal injury.

Sun, 14 Apr 2019 20:29:19 GMT

Mobile phones' market to decrease this year

Shipments of mobile phones were expected to reach 1.8B units this year, a 0.5% fall year-on-year, though the market is forecast to return to expansion with 1.2% higher shipments next year.

Sun, 14 Apr 2019 20:27:31 GMT

Shell in $300M initiative to address CO2 emissions

Shell announced plans to invest $300M in a three-year programme within the company's strategy to act over global climate changes, including addressing CO2 emissions.

Sun, 14 Apr 2019 19:36:15 GMT

PC sales fall globally 4.6% in Q1

PC unit shipments declined worldwide almost 4.6%t year-over-year in the Q1 of this year, due to CPU supply constraints, political instability and weak demand.

Sun, 14 Apr 2019 19:35:24 GMT

Mubadala's unit buys $130M Equinox Gold's notes

Mubadala Investment ‘s wholly-owned subsidiary MDC Industries completed a $130M subscription for convertible notes issued by Equinox Gold.

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