News

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Tue, 12 Feb 2019 15:51:39 GMT

Zilingo attracts $226M in latest funding round

Southeast Asia's fashion start-up Zilingo stated it had raised $226M from its bakers, such as Singapore's Temasek Holdings and Sequoia Capital, in its latest round of funding.

Tue, 12 Feb 2019 15:39:17 GMT

Amcor gets EU approval for $5.25B Bemis takeover

Amcor, the Australian packaging firm, secured a conditional EU approval to acquire Bemis for $5.25B after it had agreed to sell its European medical packaging business.

Tue, 12 Feb 2019 15:36:02 GMT

Mitsubishi, Shell, Pátria sign $700M JV in Rio

Mitsubishi Hitachi Power Systems, Brazil's PE group Pátria Investimentos and Royal Dutch Shell announced on Tuesday they were set to make a $700M investment to establish and operate the gas-fired power factory in Rio de Janeiro.

Tue, 12 Feb 2019 13:52:52 GMT

Metro says will sell Real hypermarkets soon

Germany's wholesaler Metro stated it was seeing non-binding offers for its struggling Real hypermarkets chain to be made in the near future.

Tue, 12 Feb 2019 13:52:18 GMT

Samsung Heavy scraps offer to take over DSME

Samsung Heavy Industries has scrapped an offer to acquire the rival shipbuilder DSME, the senior shareholder of the company announced on Tuesday.

Tue, 12 Feb 2019 12:26:56 GMT

KDDI to buy Kabu.com minority stake for $800M

On Tuesday, the Japanese group KDDI Corp stated it was set to acquire a minority stake worth about $800M in Kabu.com Securities, as the telecom firm seeks expansion in finance.

Tue, 12 Feb 2019 11:52:55 GMT

Zayo Group pushed to explore sale

Sachem Head Capital, the activist hedge fund, is pushing Zayo Group Holdings, the US communications infrastructure provider, to explore its sale, according to sources.

Tue, 12 Feb 2019 11:37:13 GMT

Duracell, Energizer look at Eveready India stake

The US battery producer Duracell International and Energizer Holdings are considering to bid for a majority stake of Eveready Industries, likely sparking competition between the two companies, the Economic Times said on Tuesday.

Tue, 12 Feb 2019 11:10:16 GMT

Oil prices surge on Tuesday

By the middle of Tuesday's trading session crude oil prices had surged more than one percent. The surge was attributed to previous OPEC oil cuts and sanctions against Venezuela.

Tue, 12 Feb 2019 11:09:37 GMT

Apple supplier gets bailed out

On Tuesday, it was announced by a group of Chinese and Taiwanese investors that they will bail out the Apple supplier Japan Display Inc via a $723 million investment.

Tue, 12 Feb 2019 10:33:57 GMT

Amazon to acquire wi-fi start-up eero

On Monday, Amazon.com stated it would acquire the home routers developer eero, seeking to help its customers better set up the connection to smart home services.

Tue, 12 Feb 2019 10:15:10 GMT

Debenhams secures £40M from lenders

On Tuesday, Debenhams announced it had secured £40M in additional funding from several of its lenders, sending the British retail chain's shares up 33.9% to 4.23 pence.

Tue, 12 Feb 2019 08:54:17 GMT

Pentagon to evaluate certification of SpaceX launch vehicles

The Pentagon is set to review the certification of the SpaceX launch vehicles owned by Elon Musk to define whether the US Air Force complied with all the certain guidelines.

Tue, 12 Feb 2019 08:54:04 GMT

Reddit raises $300M in latest fund, valued at $3.0B

Reddit, the social media network, announced on Monday it had attracted $300M in its latest round of funding, conducted by Tencent Holdings, bringing the market valuation of the company to $3.0B.

Tue, 12 Feb 2019 08:37:08 GMT

Walmart and Deliv terminate grocery partnership

Walmart and the Google-backed logistics firm Deliv ended their grocery delivery partnership, after failing to compete with its rival Amazon.com, sources reported on Tuesday.

Tue, 12 Feb 2019 05:40:50 GMT

US Dollar holds steady

On Tuesday, the US dollar traded almost sideways. It could be observed that the markets were remaining calm without new and relevant information.

Tue, 12 Feb 2019 05:40:18 GMT

Asian stocks surge on Tuesday

During the Tuesday's Asian trading session stock indices were rising. The surge was attributed to US-China trade talks.

Tue, 12 Feb 2019 05:30:03 GMT

US avoids another government shutdown

On Monday, US congressional negotiators reached an agreement that avoided another government shutdown. However, the deal does not include funding a border wall.

Tue, 12 Feb 2019 05:29:30 GMT

Chinese trade continues to decline

On Tuesday, a Reuters poll revealed that both imports and exports in China are expected to have continued to decline in January.

Tue, 12 Feb 2019 03:51:20 GMT

NZ 2-year inflation forecasts ease to 2.02% in Q1

New Zealand's inflation expectations for two years eased slightly in the Q1, a survey revealed, with the RZNB forecast of the yearly inflation growth at 2.02%, slightly down from 2.03% in the prior quarter.

Tue, 12 Feb 2019 03:51:11 GMT

China to abolish permits for firms to open bank accounts

The Central Bank of China stated that it is set to abolish permits for companies to open bank accounts by the 2019 end, in line with a directive to diminish administrative red tape.

Tue, 12 Feb 2019 03:38:50 GMT

Chinese consumption growth to slow this year

Consumption growth in China is expected to slow further in 2019, the Commerce Ministry stated, adding that weaker growth in the prior year was amid "periodic" weakness in car sales and housing-related spending.

Mon, 11 Feb 2019 20:21:12 GMT

China Geely sets sales record

The Chinese car producer Geely reported record high sales of 158,400 cars in January, the chairman of Geely Li Shufu says. 

Mon, 11 Feb 2019 20:20:18 GMT

France, Qatar sign strategic dialogue deal

Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani and his French counterpart Jean-Yves Le Drian signed a strategic dialogue deal at a meeting in Doha.

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