News

Note: This section contains information in English only.
Wed, 27 Jun 2018 17:32:39 GMT

NZ supplier Z Energy notes alleged data breach last year

New Zealand's fuel supplier Z Energy stated on Wednesday it had been informed about the alleged data breach in November regarding its Z Card Online's customer database that could be possibly accessed by the third party.

Wed, 27 Jun 2018 17:24:37 GMT

Lyft attracts $600M in new funding round led by Fidelity

On Wednesday, Lyft stated it had raised $600M in a funding round that was led by Fidelity Management, its largest investor from now, valuing the ride-sharing company at $15.1B.

Wed, 27 Jun 2018 16:26:53 GMT

Bosch ties up with Mojio start-up over car wireless connection

Robert Bosch, the German car supplier, is cooperating with the Canada start-up Mojio to connect more vehicles wirelessly to such digital services as emergency responders or insurance companies.

Wed, 27 Jun 2018 16:22:02 GMT

China's Baidu plans to buy back about $1.0B shares

On Wednesday, China's Baidu board has approved the company's plan to buy back $1.0B of its shares within the following 12 months.

Wed, 27 Jun 2018 14:58:51 GMT

US pending home sales fall in May

The US National Association of Realtors reported on Wednesday that the number of pending home sales fell by 0.5% in May, compared to the market estimate of a 0.4% increase.

Wed, 27 Jun 2018 14:58:37 GMT

Ford, Baidu to introduce AI systems in Chinese cars

Ford Motor Co has formed a partnership with the Chinese technology company Baidu Inc to incorporate artificial intelligence systems in its cars intended for the Chinese market.

Wed, 27 Jun 2018 14:33:03 GMT

Idemitsu's founding famility set to approve Showa Shell merger

Idemitsu's founding family is expected to accept the merger plans of Showa Shell Sekiyu and Idemitsu Kosan, according to the Nikkei.

Wed, 27 Jun 2018 14:30:03 GMT

Petrobras signs deal to sell Paraguay fuel distribution assets

Brazil's state-run oil firm Petroleo Brasileiro stated on Wednesday it had signed a deal to sell its Paraguay fuel distribution assets, as apart of a plan to cut debt by selling billions in assets.

Wed, 27 Jun 2018 13:38:42 GMT

Differential Brands Group to acquire Global Brands' unit for $1.38B

On Wednesday, Differential Brands Group stated it would acquire the majority of the Global Brands Group's North American licensing unit in a deal worth $1.38B.

Wed, 27 Jun 2018 13:35:35 GMT

Thyssenkrupp close to JV compromise accord with Tata Steel

Tata Steel and Thyssenkrupp are getting closer to a $17.4B deal to combine their EU assets into an international steel titan, sources reported on Wednesday.

Wed, 27 Jun 2018 12:24:08 GMT

Hainan Airlines plans sale of remaining stake in Azul

On Wednesday, China's Hainan Airlines stated it was planning to sell the remaining stake in Brazil's carrier Azul, not disclosing the further details on a possible deal.

Wed, 27 Jun 2018 12:19:36 GMT

General Mills posts better-than-expected Q4 profit

General Mills, the maker of Cheerios cereal, posted its quarterly profit on Wednesday that bet analysts' expectations, after the company's efforts to cut costs and bolster distribution network.

Wed, 27 Jun 2018 11:36:49 GMT

BB Seguridade sells its unit to Spain's Mapfre

BB Seguridade, the Brazil insurance company, has sold its unit to the Spanish firm Mapfre in a new deal that could free up $478.2M worth of capital.

Wed, 27 Jun 2018 11:34:31 GMT

Wiese lowers stake in Shoprite after Steinhof hit

Christo Wiese, South Africa's tycoon, has cut part of its Shoprite stake this Wednesday, raising $264M, following his finances had been dented amid scandal-hit Steinhoff.

Wed, 27 Jun 2018 10:34:54 GMT

Bulgaria's Inercom sees approval to acquire CEZ's Bulgarian assets

Inercom, Bulgaria's solar energy producer, is expecting to receive a regulatory approval to acquire the Czech utility CEZ's Bulgarian assets, the monopoly commission stated on Tuesday.

Wed, 27 Jun 2018 10:27:11 GMT

Uber wins probationary London licence to avoid ban

On Tuesday, Uber Technologies has gained a probation London licence to continue operating in the City, following the ride-hailing company's promises it had made changes to its corporate culture.

Wed, 27 Jun 2018 09:40:02 GMT

Norway plans sale of its remaining SAS airline shares

Norway is planning a sale of the rest 9.88% stake in the Scandinavian airline SAS, the country's ministry of industry and trade said.

Wed, 27 Jun 2018 08:06:59 GMT

Official: CSU wants to strengthen border control

Alexander Dobrindt, a senior member of the Bavarian Christian Social Union, said the party was seeking to introduce a stronger border control for migrants next week.

Wed, 27 Jun 2018 08:02:00 GMT

Oil strengthens amid tighter supply

Oil prices rose early on Wednesday, boosted by disrupted supply in Canada and the US threatening to impose sanctions on Iran oil importers.

Wed, 27 Jun 2018 07:13:35 GMT

Facebook decides to ease ban on certain cryptocurrency related ads

On Tuesday, Facebook has eased its ban, allowing some cryptocurrency related ads to be promoted, but still keeping the restrictions on the advertisements linked to ICO and binary options.

Wed, 27 Jun 2018 07:05:18 GMT

Prime Opportunities given more time to decide on IWG bid

On Tuesday, Prime Opportunities Investment Group has been given more time to decide on the IWG proposal until 1600 GMT on July 21, the FTSE 250 firm said.

Wed, 27 Jun 2018 06:38:21 GMT

KKR prepares to list Selecta on Swiss bourse this year

The buyout group KKR is preparing Selecta, the vending machine operator, for an initial public offering on the Swiss bourse this year valued at $1.0B.

Wed, 27 Jun 2018 06:34:25 GMT

Conagra Brands in advanced talks to acquire Pinnacle Food

According to CNBC, Conagra Brands is in advanced negotiations to acquire Pinnacle Foods with a deal likely to be announced as early as this week.

Wed, 27 Jun 2018 05:00:25 GMT

CGN seeks $2.29B in IPO

CGN Power, a unit of the nuclear power company China General Nuclear Power Group, is set to issue 5.05B shares on the Shenzhen Stock Exchange with the total value of $2.29B.

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