News

Note: This section contains information in English only.
Tue, 29 Jan 2019 10:50:40 GMT

Wynn agrees on Nevada regulators settlement

Wynn Resorts agreed to a settlement in regards to Nevada Gaming Control Board's disciplinary complaint filed against the company's ex-CEO Steve Wynn over sexual misconduct.

Tue, 29 Jan 2019 10:36:51 GMT

China's HBIS to take Southeast Asian holdings

China's HBIS Group is set to acquire Tata Steel's production holdings in Southeast Asia, as part of the company's plan to expand its steelmaking capacity internationally.

Tue, 29 Jan 2019 09:39:24 GMT

Norwegian Air plans to raise $350M in share sale

The loss-making Norwegian Air is seeking to attract $353M in its share sale with intention to boost its finances.

Tue, 29 Jan 2019 09:37:46 GMT

DSM to set up vitamin E venture with Nenter

On Tuesday, the Dutch nutrition firm DSM NV stated it would establish joint venture with China's biochemicals firm Nenter&Co to produce vitamin E, seeking to pay $154.45M to Nenter to buy its Chinese facilities.

Tue, 29 Jan 2019 08:30:12 GMT

SAP to set restructuring amid poor 2018 results

On Tuesday, the German business software group SAP stated it was eager to undertake a wide restructuring to boost its business transformation, due to missing results on the company's profits and revenue guidance in 2018.

Tue, 29 Jan 2019 08:29:28 GMT

Crest Nicholson expects "difficult" 2019 first-half as profit drops

Crest Nicholson is estimating a "difficult" first-half of 2019, after the UK housebuilder reported a 15% drop in its full-year profit, tumbled due to the Brexit uncertainty, which is hurting demand.

Tue, 29 Jan 2019 07:19:59 GMT

Fintech firms attract record $39.6B in 2018

The venture capital-backed fintech companies attracted a record $39.57B globally last year, up 120% from the preceding year, according to the CB Insights research published on Tuesday.

Tue, 29 Jan 2019 07:16:45 GMT

France's Faurecia to make tender bid for Clarion takeover

Faurecia, the French auto parts company, is set to launch a tender offer on January 30 to buy out the Japanese car navigation system developer Clarion on the back of its previous announcement of the firm's takeover worth $1.3B.

Tue, 29 Jan 2019 05:54:50 GMT

Staples gets approval with conditions for Essendant takeover

The US Federal Trade Commission has granted its approval with conditions to the proposed $482.7M merger of Staples and Essendant, the office supply distributors.

Tue, 29 Jan 2019 05:54:40 GMT

Joint hearing on T-Mobile, Sprint merger set for Feb. 13

Two US House panels have set February 13 as the date for the joint hearing on Sprint and T-Mobile's proposed $26B merger deal and its possible impact on consumers.

Tue, 29 Jan 2019 05:35:29 GMT

Thermo Fisher plans pathology unit sale

Thermo Fisher Scientific, the world's biggest scientific instruments maker, is planning a sale of its anatomical pathology arm in an all-cash deal worth $1.14B, it announced late on Monday.

Tue, 29 Jan 2019 05:32:04 GMT

Thoma Bravo lifts $12.6B for latest PE fund

The private equity group specialising in acquiring tech companies, Thoma Bravo, raised $12.6B for the firm's latest flagship fund, Orlando Bravo, the managing partner, stated late on Monday, due to higher investor demand for takeover deals in this sector.

Tue, 29 Jan 2019 04:23:44 GMT

Intel to invest $11B on new chip factory in Israel

Intel is expected to invest $11B on a chip plant in Israel, the country's Finance Minister stated, adding that it would bring thousands of jobs to the South.

Tue, 29 Jan 2019 04:23:38 GMT

Australian businesses end 2018 in downturn

The index of business conditions in Australia weakened markedly in December as profits, employment and sales took a turn for the worse, a disappointing year end that only added to concerns for 2019.

Tue, 29 Jan 2019 02:54:36 GMT

AT&T to cut positions in weaker units

AT&T is set to cut some jobs in the company's declining segments, while hiring more staff in faster-growing areas of the business, an AT&T spokesman stated.

Tue, 29 Jan 2019 02:51:53 GMT

Whirlpool: strong Dollar, costs to hit profit this year

The US maker of home appliances Whirlpool Corp stated that the company's 2019 adjusted revenue and profit are set to increase less than expected amid higher costs, tax bill and a strong dollar.

Mon, 28 Jan 2019 21:33:06 GMT

Jet Airways seeks receiving approval for debt-equity swap

On Monday, Jet Airways stated it would seek shareholders to grant it an approval next month to swap the existing debt to equity, in a move that could potentially resolve the Indian airline's financial issues.

Mon, 28 Jan 2019 21:26:42 GMT

Boeing gets closer to $3.5B 737 MAX jet deal

Boeing Co is nearing a $3.5B worth deal to sell its 737 MAX jets to Japan's ANA Holdings, two sources with a knowledge of the matter reported on Monday.

Mon, 28 Jan 2019 20:39:44 GMT

Brazil's Vale shares drop after dam collapse

On Monday, shares in the Brazilian miner Vale plunged as much as 21.5%, losing about $16.4B in its market value, following a collapse of a tailing dam on Friday, which claimed lives of 60 people.

Mon, 28 Jan 2019 20:33:52 GMT

Tesla seen to forecast Q1 loss after Musk's warning

Tesla is expected to forecast the first-quarter loss in its results report, which should be published on Wednesday, after the carmaker's CEO Elon Musk warned about difficulties seen ahead.

Mon, 28 Jan 2019 19:08:18 GMT

ADCB's CEO, Chairman to take top positions in new bank

The CEO and Chairman of Abu Dhabi Commercial Bank, Ala'a Eraiqat and Eissa Mohamed al Suwaidi, are set to fill in the top positions in the renewed Abu Dhabi bank after its merger with Al Hilal Bank and Union National Bank .

Mon, 28 Jan 2019 18:58:53 GMT

Bridgepoint to buy Arison's Miya water firm for $260M

Israel's Arison Investments is selling its water technology company Miya to the private equity firm Bridgepoint in a deal worth $260M, Arison announced on Monday.

Mon, 28 Jan 2019 18:19:32 GMT

PG&E shares soar amid investor group offer

Shares in PG&E, the power producer, surged as much as 15% on Monday on a Bloomberg report saying an investor group made a $4.0B worth alternative offer that could potentially avoid bankruptcy.

Mon, 28 Jan 2019 18:15:12 GMT

Unilever acquires The Laundress to bolster cleaning business

On Monday, Unilever stated it had acquired the New York-based line of cleaning and detergent products, The Laundress, in a move to expand its footprint in the high-end care products for home.

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