News

Note: This section contains information in English only.
Tue, 26 Feb 2019 07:14:51 GMT

Nestle picks Rothschild to sell Herta

Nestle, the packaged food giant, hired Rothschild to help it with a sale of the company's Herta packaged meat unit, seeing to focus on the faster-growing businesses.

Tue, 26 Feb 2019 06:10:06 GMT

Two Deputy CEOs to leave Russia's Gazprom

Russia's Gazprom announced on Monday its deputy CEO Alexander Medvedev was set to leave the company after 16 years in the role, adding that another deputy chief Valery Golubev would also leave his post.

Tue, 26 Feb 2019 06:02:59 GMT

Amazon names ex-PepsiCo CEO to board

On Monday, Amazon.com named the former Chief Executive Officer of PepsiCo, Indra Nooyi, to its board of directors, appointing the second woman to the e-commerce titan's BoD this month.

Tue, 26 Feb 2019 05:38:48 GMT

Amazon to add over 1K apprenticeships in UK

The online retailer Amazon is planning to offer more than 1K apprenticeships in Britain over the next couple of years, the group announced on Tuesday, stressing that the country's withdrawal from the EU bloc will not deter the company from investing.

Tue, 26 Feb 2019 05:32:51 GMT

Persimmon set to appoint new CEO

Persimmon is set to name the former finance head of housebuilding company, Dave Jenkinson, as its new Chief Executive Officer on permanent basis, according to a Sky News report.

Tue, 26 Feb 2019 04:11:42 GMT

AAC Tech's shares slump on profit warning

Shares of Apple's supplier AAC Technologies dropped 13% after the acoustic component producer stated that it expected Q1 net profit to decline as much as 75% amid reduced orders.

Tue, 26 Feb 2019 04:08:23 GMT

Indian growth pace likely weakened in late 2018

India's economy likely expanded at the slowest pace in more than a year in the December quarter, as slower rural incomes and weaker urban demand weighed on consumption.

Tue, 26 Feb 2019 03:31:52 GMT

Amazon to suggest more than 1K apprenticeships in UK

Online retailer Amazon is likely to create more than 1K apprenticeship roles in the UK in the following two years, indicating that the country's departure from the EU is not deterring the company from investing.

Tue, 26 Feb 2019 03:28:49 GMT

US housing outlook to stuck in lull, while economy dulls

The US house prices were expected to increase at the weakest pace in nearly five years, as lack of single-family homes and higher mortgage rates constrain activity.

Mon, 25 Feb 2019 20:52:05 GMT

Swatch accuses Samsung of trademark infringement

Swatch Group filed a lawsuit against Samsung Electronics America and Samsung Electronics, claiming the two firms had violated the exclusive rights on the smart watch faces designs, finding them "identical" to the trademarks Swatch owns.

Mon, 25 Feb 2019 20:51:51 GMT

Newmont shareholders see no value in Barrick's bid

Newmont Mining's CEO Gary Goldberg stated on Monday the company's shareholders viewed no value for both miners in $18.0B worth hostile bid proposed by Barrick Gold Corp earlier that day.

Mon, 25 Feb 2019 20:08:01 GMT

Windstream Holdings files for bankruptcy

On Monday, Windstream Holdings has filed for the Chapter 11 bankruptcy, receiving Citigroup Global Markets' commitment for $1.0B in financing to back the telecom service provider's business operations.

Mon, 25 Feb 2019 19:59:48 GMT

Telefonica rolls out open-access internet service in Peru

Telefonica, the Spanish telecommunications group, announced on Monday it was set to launch an open-access mobile internet service for Peru, as the company sought to expand coverage in Latin America's rural areas.

Mon, 25 Feb 2019 19:34:53 GMT

Warburg Pincus completes Leumi Card takeover

On Monday, Warburg Pincus, the US private equity group, has finalised the takeover of the credit card business owned by Israel's Bank Leumi, saying it brought in three more strategic partners.

Mon, 25 Feb 2019 19:31:32 GMT

JAB acquires majority stake in pet hospitals

The private EU investor JAB Holding agreed to acquire a controlling stake of Compassion-First Pet Hospitals from the private equity company Quad-C Management, expanding its portfolio into another sector.

Mon, 25 Feb 2019 18:17:50 GMT

Flacks Group explores Laura Ashley takeover

On Monday, the investment company Flacks Group stated it was exploring a potential deal to acquire Britain's Laura Ashley Holdings, valuing the fashion retailer at £20.0M.

Mon, 25 Feb 2019 18:13:55 GMT

Barrick offers $18B in hostile bid for Newmont

Canada's Barrick Gold has offered $18.0B in stock on Monday to acquire its US competitor Newmont Mining in a hostile bid, which could potentially combine the two biggest gold producers in the world.

Mon, 25 Feb 2019 17:05:38 GMT

Trump sees positive outcome for US-Sino trade dispute

The US President Donald Trump stated on Monday he was expecting a positive outcome for the final trade deal between the US and China, expressing his willingness to hold a summit over pact signing, but cautioned there could be no agreement reached too.

Mon, 25 Feb 2019 16:50:34 GMT

KKR acquires Universum Film from RTL

On Monday, the German broadcaster RTL announced about a sale of its film rights unit Universum Film to the US private equity firm KKR, not disclosing the financial terms of the deal.

Mon, 25 Feb 2019 16:27:48 GMT

GE head Culp plans biopharma business sale

General Electric announced on Monday it was planning a sale of its biopharma business unit to Danaher Corp in a deal worth $21.4B under the industrial conglomerate's new CEO Larry Culp, sending the company's shares up 15%.

Mon, 25 Feb 2019 16:24:19 GMT

Airobotics moves production to US from Israel

On Monday, the Israeli automated industrial drone maker, Airobotics, announced it was moving the production from Israel to its US headquarters in Arizona, seeking to meet rising demand in America, Australia and some areas of Asia-Pacific.

Mon, 25 Feb 2019 14:56:23 GMT

President Trump raises concerns over high oil prices

The US President Donald Trump has raised his concerns on Monday over oil prices, saying they are too high, calling on the OPEC to "relax" and keep prices steady.

Mon, 25 Feb 2019 14:51:14 GMT

World shares rise on China import tariffs delays

On Monday, world stock markets surged on the news that the US President Donald Trump had decided to delay a tariff climb on China's imports, raising hopes for a peaceful solution for the US-Sino trade war.

Mon, 25 Feb 2019 14:33:51 GMT

SPD aims to expand halt on Saudi arms export

Germany's Social Democrats are seeking to expand its halt on the Saudi Arabia arms export, despite pressure by France and Britain over a risk of possible expensive claims for compensation.

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