News

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Thu, 26 Jul 2018 11:38:58 GMT

Chinese commerce ministry refuses to comment on Qualcomm deal

The Chinese commerce ministry has declined to provide ant comment regarding the Qualcomm-NXP Semiconductors takeover deal to clarify whether it had gained the approval.

Thu, 26 Jul 2018 11:34:45 GMT

Lundin Mining launches all-cash proposal to buy Nevsun

On Thursday, the Canadian Lundin Mining stated that it had officially begun a proposal to purchase Nevsun Resources for C$4.75 a share in cash, bringing the miner's value to about C$1.44B.

Thu, 26 Jul 2018 09:13:05 GMT

Gazit-Globe sells rest of Regency Centers shares for $61.95 each

Gazit-Globe, the Israeli real estate firm stated on Thursday it had sold the remaining 5.6M shares in Regency Centers in a deal valued at total $347M or $61.95 per share.

Thu, 26 Jul 2018 09:04:17 GMT

China watchdog approves Luxottica-Essilor merger deal

On Thursday, the Chinese markets regulator has granted its approval to the merger between the Italian eyewear Luxottica and French lens maker Essilor.

Thu, 26 Jul 2018 08:09:36 GMT

Acronic considers buyout approaches from two private equity groups

Acronic, the aluminium products maker, is weighing takeover approaches form two or more private equity firms, according to the Wall Street Journal's report on Wednesday.

Thu, 26 Jul 2018 07:54:06 GMT

ANZ plans controlling stake sale in pensions business for $596M

On Thursday, Australia & New Zealand Banking Group stated it had agreed to sell 82% in the pensions business P&I and ADG to the wealth manager IOOF in a deal worth $596M.

Thu, 26 Jul 2018 07:35:20 GMT

China's biotech firm Ascletis attracts $400M in HK IPO

China's biotech Ascletis Pharma has raised $400M after it had priced its Hong Kong initial public offering of the indicative range.

Thu, 26 Jul 2018 06:39:30 GMT

Nine acquires Fairfax in deal worth $1.6B

On Thursday, Fairfax Media agreed to a $1.6B buyout from the TV network Nine Entertainment in one of the largest shake-ups of the Australian media recently.

Thu, 26 Jul 2018 04:51:05 GMT

Mattel disappoints with Q2 results

Mattel's sales in the Q2 missed analysts' forecasts, weighed down by the lack of a large movie tie-in, while the liquidation of main customer Toys ‘R' Us kept hurting the US toy maker.

Thu, 26 Jul 2018 04:50:52 GMT

AMD profit, revenue boosted by Ryzen, EPIC sales in Q2

Advanced Micro Devices beat forecasts for quarterly revenue and profit, as a surge in demand for PCs boosted sales of graphic chips, processors, sending the company's shares up 5% in extended trading.

Thu, 26 Jul 2018 04:19:31 GMT

SK Hynix reports record Q2 profit amid strong DRAM sales

South Korea's chipmaker SK Hynix reported a record operating profit in the second quarter, beating market forecasts thanks to DRAM chips' strong sales.

Thu, 26 Jul 2018 04:11:27 GMT

UK pay deals mark strongest run since financial crisis

The UK employers kept offering yearly pay deals averaging 2.5% in June, the strongest run since the financial crisis in 2008, which is likely to bolster the BoE's view that inflation pressures were building.

Thu, 26 Jul 2018 03:37:25 GMT

Ford cuts profit forecast for 2018

Ford Motor lowered the full-year earnings forecast amid slumping sales, trade tariffs in China and the company's struggling business in Europe.

Thu, 26 Jul 2018 03:32:48 GMT

PayPal quarterly profit above estimates

PayPal Holdings Inc reported that the company's second-quarter profit beat analysts' estimates, but its projection for revenue in the third quarter came up short.

Thu, 26 Jul 2018 02:32:52 GMT

South Korea's expansion slows in Q2

The economic growth of South Korea slowed in the second quarter, as consumption dropped, capital investment fell rapidly, while weaker export rise highlighted concerns on the trade outlook in the H2 of the year.

Thu, 26 Jul 2018 02:27:53 GMT

Pinduoduo raises $1.6B in US IPO

China's online group discounter Pinduoduo priced the US initial public offering at $19 per ADS, raising $1.63B in the second-largest US float by a China's company this year, according to sources familiar with the matter.

Wed, 25 Jul 2018 19:52:09 GMT

North American 5G market to reach $128B by 2025

According to a recent study by ResearchAndMarkets.com, the 5G market in North America is expected to grow at a CAGR of 77%, thus being worth $128B by 2025.

Wed, 25 Jul 2018 19:48:48 GMT

US stock indexes gain on US, EU trade deal

US stock indexes, including the S&P500, the Dow and the Nasdaq, rose on Wednesday, boosted by a possible trade deal between the US and the EU.

Wed, 25 Jul 2018 18:52:29 GMT

Trump seeks fair, beneficial trade deal with EU

The US President Donald Trump said on Wednesday that he hoped to agree on a fair and mutually beneficial trade deal between the United States and the European Union.

Wed, 25 Jul 2018 18:51:11 GMT

Insurer Anthem reports 23% surge in net profit in Q2Y2018

The US-based insurance firm Insurer Anthem reported on Wednesday a 23% surge in its net income to $1.05B in Q2Y2018, boosted by lower patient costs and higher premiums.

Wed, 25 Jul 2018 18:17:40 GMT

CEO: Deutsche Bank is starting to recover

The CEO of Deutsche Bank Christian Sewing said the bank was showing signs of recovery after internal restructuration even despite reporting a 14% drop in its net profit in Q2Y2018.

Wed, 25 Jul 2018 18:16:18 GMT

Newspaper: debt relief for Greece requires €34B

Germany has estimated that additional debt relief for Greece would cost around €34B within the following 10 years, as reported by Frankfurter Allgemeine Zeitung.

Wed, 25 Jul 2018 17:18:19 GMT

Iran approves new central bank Governor

The Iranian government approved on Wednesday Abdolnaser Hemmati as the new Governor of the Central Bank of Iran.

Wed, 25 Jul 2018 17:17:31 GMT

xG Technology appoints new CEO

xG Technology Inc, a developer of wireless communication and sharing, has appointed its former CFO and co-founder Roger Branton as the new Chief Executive Officer.

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