News

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Fri, 22 Mar 2019 18:10:21 GMT

Uniper plans stake sale of Italian LNG plant

Germany's energy firm Uniper is set to sell a stake in its Italian LNG terminal to Australia's First State Investments in a deal valued at around $452M, it announced on Friday.

Fri, 22 Mar 2019 17:38:15 GMT

BlackRock to acquire France's eFront in $1.3B deal

On Friday, BlackRock, the world's largest asset manager, announced it would acquire France's eFront, the investment software provider, from the private equity group Bridgepoint in a cash-deal valued at $1.3B.

Fri, 22 Mar 2019 17:34:11 GMT

Nike shares slide on North America weak sales

On Friday, shares in Nike dropped 4% on a report the shoemaker's North American sales had fallen short of expectations for the year's first time, according to the Wall Street analysts.

Fri, 22 Mar 2019 16:08:19 GMT

GM to invest $300M to produce new Chevrolet EV

On Friday, General Motors confirmed it would make a $300M investment in its Detroit assembly factory, adding 400 new job positions to manufacture new Chevrolet-branded electric vehicle.

Fri, 22 Mar 2019 15:52:59 GMT

Tiffany Q4 sales below estimates

Tiffany reported on Friday its Q4 sales were below estimates due to low spending by China tourists during the holiday season, sending the luxury company's shares down about 5% to $95.30.

Fri, 22 Mar 2019 15:36:23 GMT

Commerzbank CEO pledges quick results in talks

On Friday, Commerzbank's CEO Martin Zielke promised its employees quick results in merger talks with Deutsche Bank, the memo that was seen by Reuters showed.

Fri, 22 Mar 2019 14:39:57 GMT

German lenders' tie-up might have wrong aim

On Friday, a major shareholder for Commerzbank and Deutsche Bank warned that the potential merger aim should not be establishing a big investment bank due to the fact it would not "work".

Fri, 22 Mar 2019 13:20:37 GMT

Avon Products considers putting itself together

Avon Products, the cosmetics maker, which divided itself about three years ago, is considering to put the group back together, according to the Wall Street Journal's report seen on Friday.

Fri, 22 Mar 2019 13:12:45 GMT

AMG gets approval for Nova TV takeover

On Friday, Bulgaria's competition regulator has granted its approval to Advance Media Group for a takeover of the commercial media firm Nova Broadcasting from Sweden's entertainment company MTG.

Fri, 22 Mar 2019 12:37:15 GMT

UPS looks at in-home health services in US

United Parcel Service is planning to test a new healthcare service in the United States that would dispatch nurses for adult vaccination in their homes, seeking to outrace its rival Amazon.com, according to Reuters report.

Fri, 22 Mar 2019 11:04:18 GMT

European stocks decline

During the Friday's European trading session stocks in Europe lost value. The event was caused by worse than expected results of the monthly Markit Purchasing Managers Index release.

Fri, 22 Mar 2019 11:03:47 GMT

Evergrande Health reveals future plans

On Friday, the Chinese Evergrande Health announced that it intends to create the needed infrastructure to produce 500,000 up to one million electric vehicles. The company intends to achieve it during the next three years.

Fri, 22 Mar 2019 10:39:59 GMT

Australia's Myer stops selling Apple devices

Australia's Myer Holdings is set to halt sales of Apple products amid unprofitable sales results, adding the decision to apply to both Myer's department and online stores.

Fri, 22 Mar 2019 10:34:51 GMT

Daimler picks Goldman to lift BAIC stake

Daimler has hired Goldman Sachs as an adviser to help the company raise its stake in the Chinese automaker BAIC Motor, its key China joint venture partner, sources reported on Friday.

Fri, 22 Mar 2019 09:35:18 GMT

Investment firm raises stake in JR Kyushu

Fir Tree Partners, the US investment company, announced on Friday it had increased its stake in the Japanese firm Kyushu Railway to 6.1%, calling the railway operator to bolster its share price via buybacks.

Fri, 22 Mar 2019 09:24:44 GMT

Hyundai shareholders oppose Elliott's dividend offers

On Friday, shareholders of Hyundai Motor voted against dividend payouts and board shake-up proposals made by Elliott Management, whose intention was to address its "excess cash" and "poor governance".

Fri, 22 Mar 2019 08:39:36 GMT

Britain's Smiths to launch IPO of healthcare unit

On Friday, Smiths Group stated it would split the company's struggling healthcare unit and would launch its initial public offering in Britain, following a failure to merge the business with the US ICU Medical.

Fri, 22 Mar 2019 08:36:54 GMT

Thailand's Siam bank considers insurance unit sale

Thailand-based Siam Commercial Bank entered into negotiations with Hong Kong's FWD Group, as it seeks to sell its life insurance unit, almost two years after the previous talks failed.

Fri, 22 Mar 2019 07:34:31 GMT

Levi Strauss shares soar 31% in IPO

On Thursday, Levi Strauss & Co shares surged as much as 31% in their IPO debut, valuing the jeans maker at $8.7B and anticipating strong investor interest ahead of much-awaited listings from Uber and Lyft.

Fri, 22 Mar 2019 07:31:06 GMT

Paulson will not back Newmont's bid for Goldcorp

Paulson & Co stated it would not support the planned $10B takeover of its competitor Goldcorp, proposed by Newmont Mining, claiming that premium offered was unjustified.

Fri, 22 Mar 2019 03:56:21 GMT

Comcast to launch new internet streaming video service

Comcast Corp announced on Thursday that it would launch Xfinity Flex, a new streaming video service. The device will be available starting from March 26.

Fri, 22 Mar 2019 03:56:13 GMT

EU agrees to hand UK Brexit delay until May 22

The European Union leaders have agreed to grant the UK a Brexit extension until May 22, according to a statement from Brussels.

Fri, 22 Mar 2019 03:04:42 GMT

Venezuela authority detains Guaido chief of staff

The Venezuelan government have arrested Roberto Marrero, the Chief of Staff to Venezuela's self-cleared President Juan Guaido.

Fri, 22 Mar 2019 03:02:51 GMT

HSBC signs deal to offer BlackRock's Aladdin software

HSBC has signed an agreement with BlackRock's to offer Aladdin investment software to the bank's wealthy clients.

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