News

Note: This section contains information in English only.
Thu, 02 Aug 2018 11:38:21 GMT

Cipla Quality Chemical Industries seeks equity IPO, East African SE listing

On Thursday, Uganda's pharmaceuticals maker Cipla Quality Chemical Industries it sought a listing on the Uganda Stock Exchange and the initial public offering of its equity's part.

Thu, 02 Aug 2018 11:08:14 GMT

Billionaire Philip Day considers offer for UK House of Fraser

According to the Sky News report published on Thursday, the billionaire Philip Day is exploring a potential takeover deal of House of Fraser, the British retailer, seeking to save the firm from collapse.

Thu, 02 Aug 2018 09:59:32 GMT

Energy lifts European prices

Due to an increase of energy prices in the Euro zone the producer price index rose more than anticipated by various analysts surveyed by Bloomberg. Namely, there was an increase of 0.4% instead of the expected 0.3%

Thu, 02 Aug 2018 09:58:58 GMT

Observers condemn post-election violence in Zimbabwe

Commonwealth and British observers publicly condemned the use of force applied by the army after the Zimbabwean Presidential election.

Thu, 02 Aug 2018 09:37:00 GMT

Kaz Minerals to buy Russia's Baimskaya copper project amid expansion

The low-cost copper producer Kaz Minerals has agreed to acquire Russia's Baimskaya copper project located in the Chukotka region in a $900M cash and shares deal.

Thu, 02 Aug 2018 09:33:21 GMT

Impala Platinum considers selling South Africa's shafts set for closure

The miner Impala Platinum is likely to sell its South Africa's shafts that are set for closure, after the firm announced 13K job cuts within the following two years.

Thu, 02 Aug 2018 08:37:52 GMT

Britain's Countrywide to attract $183M from discounted share deal

On Thursday, the UK estate agent Countrywide announced it was planning to raise $183M from from its share discounted placement, amid the firm's intention to halve the debt after a sharp fall in core earnings.

Thu, 02 Aug 2018 08:32:01 GMT

Japan's Dentsu plans kakaku.com stake sale for $734M

Dentsu, the Japanese advertising agency, stated on Thursday it had agreed to sell its 16.6% stake in the price comparison website kakaku.com to KDDI Corp in a $734.57M deal.

Thu, 02 Aug 2018 07:28:06 GMT

Sonos prices its IPO below range

The US wireless speaker company Sonos has priced its IPO ON Wednesday below the targeted range amid muted investor reception.

Thu, 02 Aug 2018 07:26:54 GMT

Canada's DIRTT drops deal to sell itself

On Wednesday, Canada's DIRTT Environmental Solutions confirmed it had ended sale talks, after the company gave up trying to sell itself.

Thu, 02 Aug 2018 06:37:33 GMT

China's HNA considers selling its Radisson Hotel Group

China's HNA Group is considering to sell its Radisson Hotel Group based in Minneapolis to the Chinese hospitality firm Jin Jiang International Holdings, according to Bloomberg.

Thu, 02 Aug 2018 06:29:42 GMT

SocGen agrees to sell banks in Albania, Bulgaria to OTP

France's Societe Generale has agreed on a sale of its Albanian and Bulgarian banks to Hungary's OTP Bank, as the French bank seeks to reorganise its assets.

Thu, 02 Aug 2018 04:56:25 GMT

BeiGene gets $903M in HK's secondary listing under new regulations

China's Nasdaq-listed biotech BeiGene raised $903M after pricing the firm's secondary listing in Hong Kong, the first under new regulations of exchange, three sources close to the deal stated.

Thu, 02 Aug 2018 04:51:50 GMT

Southeast Asia seeks deal on cybersecurity with Russia after hacks

Southeast Asia's nations hope to get a common agreement on cybersecurity with Russia, accused by the US of meddling in the country's elections, following a series of hacks in the area..

Thu, 02 Aug 2018 04:42:37 GMT

Grab raises extra $1B funds from financial companies

Southeast Asia's ride-hailing firm Grab stated that it secured new $1B investment from financial firms, including China's Ping An Capital and OppenheimerFunds.

Thu, 02 Aug 2018 04:41:29 GMT

Starbucks partners with Alibaba for China's coffee delivery

Starbucks was partnering with Alibaba to deliver the company's coffee in China's cities, betting that the move would revive sales rise in its the second-biggest market.

Thu, 02 Aug 2018 02:58:02 GMT

Tesla marks promise of profit, as production of Model 3 steadies

Tesla stated that it would produce new Model at a profit, following several recent weeks, when output stabilised, buoying hopes that the company is likely to stanch financial losses in the H2 of this year.

Thu, 02 Aug 2018 02:54:42 GMT

T-Mobile adds more wireless subscribers

T-Mobile US stated that the company got more wireless subscribers in the Q2 than Wall Street anticipated, as the US wireless carrier invested in the network, while awaiting approval to buy its rival Sprint.

Thu, 02 Aug 2018 02:43:48 GMT

Fitbit reports smaller loss on solid smartwatch sales

Fitbit outpaced Wall Street forecasts for quarter's results, as the company's strategy to add smartwatches to product line recieved a boost in the Q2 with stronger sales for Versa.

Thu, 02 Aug 2018 02:40:31 GMT

BoJ Amamiya: Central Bank to buy bonds, when yields rise rapidly

The Deputy Governor of the Bank of Japan Masayoshi Amamiya stated that the Central Bank would buy government bonds "promptly and appropriately", if yields grew rapidly.

Wed, 01 Aug 2018 20:36:46 GMT

Grifols S.A. gets US antitrust approval for Biotest US Corp takeover

Grifols S.A., the Spanish global healthcare firm, received the US antitrust approval to acquire Biotest US Corp on the condition that it would sell certain assets, the FTC announced on Wednesday.

Wed, 01 Aug 2018 20:31:01 GMT

L'Oreal buys German vegan beauty products manufacturer

On Wednesday, L'Oreal announced it had acquires the German vegan beauty products maker Logocos Naturkosmetik, not disclosing the financial terms of the deal.

Wed, 01 Aug 2018 19:25:38 GMT

Generali plans asset management, non-life acquisitions

On Wednesday, the Italian key insurer Generali stated it was considering some acquisitions in asset management and non-life insurance as the company's cash pile grew on stronger operations and disposals.

Wed, 01 Aug 2018 19:20:55 GMT

Banks seeks over $10B debt deal to finance Johnson Controls buy-out

Banks are preparing for over $10B debt deal to finance the buy-out of the Johnson Controls International's power solutions business, the sources reported on Wednesday.

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