News

Note: This section contains information in English only.
Mon, 03 Dec 2018 15:41:34 GMT

German conservatives doubt the future of Russian gas pipeline

The German conservatives, who are close allies of Angela Merkel's party, are questioning whether the Nord Stream 2 gas pipeline project should be continued, as tensions rise in between Russia and Ukraine.

Mon, 03 Dec 2018 15:41:16 GMT

Wall Street opens higher on Monday

On Monday, Wall Street stock indices started the day's trading higher than the previous close. The main reason for the surge was the trade truce done by US President Donald Trump and China's President Xi Jinping.

Mon, 03 Dec 2018 15:28:52 GMT

Tianqi takes stake in Nutrien's lithium miner for $4.1B

China's Tianqi Lithium has acquired a 23.77% stake in Chile's lithium miner SQM from Canada's fertilizer giant Nutrien for a price of $4.066B in total.

Mon, 03 Dec 2018 15:19:48 GMT

Iranian minister stresses the importance of oil

The Oil Minister of Iran on Monday announced that the Iranian oil industry is the main tool of the country on the front line against the enemy of Iran. He also added that Tehran has to counter US efforts to pressure Iran.

Mon, 03 Dec 2018 15:15:56 GMT

Sanjeev Gupta acquires US KCI for $320M

GFG Alliance, the privately-held firm by Britain's industrialist Sanjeev Gupta, has closed a deal worth $320M to take over the US steel wire maker Keystone Consolidated Industries.

Mon, 03 Dec 2018 14:26:23 GMT

Honda, Toyota US sales drop in November

The US sales of new Honda and Toyota vehicles plunged 9.5% to 120,534 units and 0.6% to 190,423 cars respectively in November, Japan's automakers reported on Monday.

Mon, 03 Dec 2018 13:58:05 GMT

GSK to acquire cancer drugmaker Tesaro in $5.1B deal

GlaxoSmithKline agreed on a deal to acquire the US cancer drugmaker Tesaro for $5.1B, the major biotech investment made by the drug specialist, as it hopes to reform its pharmaceuticals portfolio.

Mon, 03 Dec 2018 13:31:28 GMT

Tencent Music launches its $1.2B US IPO

On Monday, Tencent Music Entertainment has launched its initial public offering in the United Stated worth up to $1.2B, after the stock markets were bolstered by the China-US trade truce.

Mon, 03 Dec 2018 12:14:55 GMT

Norway's Ultimovacs to launch IPO in early 2019

Norway biotech firm Ultimovacs is planning to attract about $82M in an IPO scheduled for early 2019 to develop immunotherapy cancer treatment.

Mon, 03 Dec 2018 12:10:18 GMT

Qatar to quit OPEC to focus on gas

On Monday, Qatar announced about leaving the OPEC starting from the next year with intention to focus on the country's has ambitions, as it took a swipe at Saudi Arabia, de facto leader of the group.

Mon, 03 Dec 2018 11:11:30 GMT

Oil prices jump five percent

On Monday, oil price benchmarks traded five percent higher. The reason for the jump was the announcement of upcoming oil production cuts and the trade truce made by the US and China at the G20 summit.

Mon, 03 Dec 2018 11:11:01 GMT

Investors dump French stocks due to riots

On Monday, as the stock exchanges opened in Europe, investors began selling French stocks. The selloff mostly affected tourism and supermarkets stocks.

Mon, 03 Dec 2018 10:38:43 GMT

Unilever to buy GSK's health food and drinks business

Unilever announced on Monday it agreed to acquire GlaxoSmithKline's health drinks and food business in Bangladesh, India and 20 other Asian markets.

Mon, 03 Dec 2018 10:32:14 GMT

Sorrell in talks to acquire ad group MightyHive

On Monday, S4 Capital, a new company owned by Martin Sorrell, said it had entered the advanced talks yo acquire San Francisco's advertising group MightyHive.

Mon, 03 Dec 2018 08:23:16 GMT

Nestle's head says L'oreal stake is on board's agenda

On Monday, the Nesle Chairman Paul Bulcke stated that the food titan's stake in France's cosmetics firm L'Oreal was active on its board's agenda, a statement that could possibly launch a fresh speculation round.

Mon, 03 Dec 2018 08:20:11 GMT

Grab seeks investing into India's Oyo

Singapore's ride hailing company Grab has entered the advanced talks over investing $100M in the Indian hotels start-up Oyo, according to the Economic Times report published on Monday.

Mon, 03 Dec 2018 07:36:26 GMT

Israel's Elbit wins intelligence systems deal with Asia-Pacific

Elbit Systems, the Israeli defense electronics company, announced it won a $112M deal from Asia-Pacific country, which allows it to supply the advanced airborne intelligence systems.

Mon, 03 Dec 2018 07:31:13 GMT

RPC halts takeover talks with Bain, but extends deadline for Apollo

On Monday, RPC Group stated it had halted the takeover talks with Bain Capital and extended the deadline for Apollo Global Management until December 21 to make a firm proposal or walk away.

Mon, 03 Dec 2018 06:04:58 GMT

Australia's GrainCorp gets $1.8B takeover bid from little-known firm

A little-known asset management firm made an unsolicited $1.8B takeover bid for GrainCorp, Australia's biggest bulk grain handler, the company announced on Monday, adding its shares soared almost a third higher.

Mon, 03 Dec 2018 05:56:59 GMT

Deutsche Bank head allays concerns on bank takeover

Deutsche Bank's Chief Executive dismissed any speculation about a potential takeover, after the bank's shares dropped to the record-low on Friday amid the money laundering scandal it had been involved in.

Mon, 03 Dec 2018 05:39:45 GMT

Several EU countries to order diesel recalls

According to Germany's Bild am Sonntag weekly newspaper, a few European countries are set to impose vehicle recalls by automakers, such as Nissan, Renault and Suzuki, over cheating on diesel emissions.

Mon, 03 Dec 2018 05:35:43 GMT

Qualcomm views prospect for NXP takeover closed

Qualcomm, the US smartphone chip manufacturer, stated on Monday it had seen no prospect for the NXP Semiconductors acquisition, as the deadline for the transaction expired before the US and China leaders' comments on its approval.

Mon, 03 Dec 2018 04:14:52 GMT

Japan's factory activity grows at weakest rate since August 2017

Japan's manufacturing activity expanded at the slowest pace in more than a year in November, as increase in new orders weakened, in a warning sign that economic expansion could be subdued in the Q4.

Mon, 03 Dec 2018 04:10:08 GMT

Calastone to switch fund transaction network to blockchain

Calastone, the investment funds transaction network, stated that it is set to shift the entire system to blockchain next year, in a move that is likely to slash costs for the sector.

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