News

Note: This section contains information in English only.
Wed, 11 Jul 2018 19:18:11 GMT

FDI in Chile reaches record high in Jan-Apr

InvestChile reported on Wednesday that foreign direct investment in Chile reached a record-high of $8.48B during the first four months of 2018.

Wed, 11 Jul 2018 19:17:05 GMT

EU criticises Malta for AML application

The European Banking Authority has criticised Malta for its application of EU anti-money-laundering rules, saying that it has discovered ‘general and systematic shortcomings'.

Wed, 11 Jul 2018 18:12:08 GMT

Taxi drivers in Kenya reach agreement on better working conditions

The Transport Ministry of Kenya agreed on Wednesday to increase pay and provide better working conditions for drivers of taxi hailing firms.

Wed, 11 Jul 2018 18:08:38 GMT

BoE: banks lack auditors for rotation

According to the Bank of England, banks have limited choice of auditors that must be changed periodically under the EU law, as this sector is dominated by the Big Four companies.

Wed, 11 Jul 2018 17:07:15 GMT

Oil falls amid increased supply, trade tensions

The price of oil futures declined considerably on Wednesday, driven by increased supply from Libya and trade tensions between China and the United States.

Wed, 11 Jul 2018 17:05:54 GMT

ECB gives more time to secure against NPLs

The European Central Bank said it would give Euro zone banks more time to secure against non-performing loans if their soared debt is at a considerably high level.

Wed, 11 Jul 2018 15:51:04 GMT

Trump remains optimistic after meeting Macron

After the leaders of the United States and the French Republic met both sides announced that issues regarding defence and trade will be solved.

Wed, 11 Jul 2018 15:50:57 GMT

Trump bashes Germany at NATO summit

On Wednesday, as leaders gathered for the NATO summit, Donald Trump announced that due to its energy policy Germany is now a captive of Russia.

Wed, 11 Jul 2018 15:00:53 GMT

Emergency bank funding drops in Greece

The central bank emergency funding to lenders in Greece decrease in June by almost 24%, compared to previous months.

Wed, 11 Jul 2018 15:00:10 GMT

CEO of Pfizer met with Trump

The Chief Executive Office of Pfizer on Tuesday had met with the US President Donald Trump to discuss the pricing of Pfizer drugs.

Wed, 11 Jul 2018 13:52:21 GMT

Israeli software provider Monday.com attracts $50M

Monday.com, Israel's management software provider, announced on Wednesday it had raised $50M in a funding round, taking the total attracted so far to $84M.

Wed, 11 Jul 2018 13:52:09 GMT

Apple could breach Japan's antitrust measures with iPhone

On Wednesday, Japan's watchdog stated that Apple might have breached the country's antitrust requirements by making the providers of mobile services to sell iPhones cheaply, charging higher monthly fees.

Wed, 11 Jul 2018 13:19:15 GMT

Australia aims to bar Huawei from 5G network project

Australia is getting ready to bar Huawei technologies from supplying its equipment for the 5G network project, citing securities concerns alleging Beijing to hand over the sensitive data.

Wed, 11 Jul 2018 13:13:17 GMT

Uber's CPO Hornsey quits after discrimination probe

Liane Hornsey, the Chief People Officer of Uber Technologies, has stepped down from her position on Tuesday in an email addressed to staff, after being involved in the racial discrimination probe.

Wed, 11 Jul 2018 12:37:44 GMT

Juneyao Airlines makes $1.9B investment for stake in China Eastern

Juneyao Airlines has invested $1.9B together with its parent for a nearly 5% stake in the state-controlled China Eastern Airlines, adding it is in line with China's policy.

Wed, 11 Jul 2018 12:34:56 GMT

GEMS postpones London IPO worth multibillion dollars

The Blackstone-backed education firm GEMS has postponed its initial public offering in London, following Dubai authorities' decision to freeze its tuition fees, sources reported.

Wed, 11 Jul 2018 11:38:09 GMT

Sainsbury's appoints Scicluna as its new Chairman

The British second biggest supermarket chain, Sainsbury's has appointed Martin Scicluna as the group's next chairman ahead of its $9.69B acquisition deal with rival Asda.

Wed, 11 Jul 2018 11:34:51 GMT

Israel seeks divesting rest of stake in Bank Leumi in 12 months

On Wednesday, the Israeli government stated it was considering a sale of the remaining 5.8% of stake in Bank Leumi, it's second-biggest lender, within a year of the lawmakers' approval.

Wed, 11 Jul 2018 10:16:14 GMT

China threatens the US with retribution

Chinese officials on Wednesday announced that the country will retaliate to the US bullying done through trade tariffs.

Wed, 11 Jul 2018 10:13:57 GMT

Chinese sovereign fund to be hit by trade wars

On Wednesday, the president of the Chinese sovereign fund announced that the investments are set to be influenced by trade wars.

Wed, 11 Jul 2018 09:25:06 GMT

Thomas Bravo to acquire controlling stake in Centrify

Thomas Bravo has agreed to buy a controlling stake in the cyber-security firm Centrify, with the deal expected to be announced as early as next Tuesday, sources reported on Wednesay.

Wed, 11 Jul 2018 09:21:26 GMT

France's Total, Brazil's Petrobras consider establishing joint venture

Petroleo Brasileiro's executive stated on Wednesday the state-led oil firm could possibly form a joint venture with France's Total, as the companies seek exploring more business options for renewable energy.

Wed, 11 Jul 2018 07:53:00 GMT

Canopy Growth to acquire Hiku Brands for nearly C$270M

The Canadian firm Canopy Growth is set to acquire Hiku Brands, the Tokyo Smoke cannabis owner, in a deal worth C$269.2M, beating its rival bidder WeedMD.

Wed, 11 Jul 2018 07:52:50 GMT

Univision considers The Onion, Gizmodo sale

Spain's Univision Communications stated it is exploring the possible sale of The Onion and Gizmodo Media Group and has hired Morgan Stanley as its Financial Adviser to help in the process of a sale.

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