News

Note: This section contains information in English only.
Fri, 30 Nov 2018 11:50:39 GMT

China's Fosun plans raising $548M in Club Med HK IPO

Fosun International is planning to attract up to $548M with its Club Med holiday unit IPO in Hong Kong, seeking to expand its business in China.

Fri, 30 Nov 2018 11:50:18 GMT

Hyundai Motor stocks soar on $228M share buyback plan

On Friday, Hyundai Motor stated it was planning to buy back $228.3M worth of the preferred and common shares, aiming to stabilise prices on its stocks and bolster investor returns.

Fri, 30 Nov 2018 10:54:10 GMT

Inflation in Europe slows down

On Friday, data released in the European Union revealed that inflation in the European Union has slowed down. This supports the decision of the ECB to stop their bond buying program, which is creating more of the Euro in circulation and beating down its value.

Fri, 30 Nov 2018 10:53:42 GMT

Japan and France hold talks over Renault-Nissan

As the already ousted CEO of Renault-Nissan remains in jail, the President of France and the Prime Minister of Japan are holding a meeting to discuss the recent scandal associated with the company.

Fri, 30 Nov 2018 10:39:17 GMT

Altice sells nearly 50% stake in French fiber arm

Altice Europe, the telecoms and cable firm, agreed to sell a 49.99% stake in its French fiber optic unit SFR FTTH to several investment funds in a deal worth $2.05B, sending its shares surging.

Fri, 30 Nov 2018 10:35:38 GMT

Rovio Entertainment acquires Finnish game studio PlayRaven

On Friday, the "Angry Birds" film and mobile games maker, Rovio Entertainment, stated it had bought Finland's strategy game studio PlayRaven, as it sought expansion into the mobile game industry.

Fri, 30 Nov 2018 09:39:38 GMT

Indigo Partners to make investment into WOW air

On Thursday, the US private equity group Indigo Partners stated it would make an investment into the low-cost airline WOW air, after Icelandair dropped the planned acquisition of the carrier.

Fri, 30 Nov 2018 09:36:32 GMT

G20 nations struggle to reach agreements

The members of G20 nations still struggle for the agreements on the major issues, such as trade, climate change and migration, as the world leaders started arriving in Buenos Aires ahead of the Friday summit.

Fri, 30 Nov 2018 08:39:26 GMT

Jack in the Box burgr chain considers sale

The US hamburger restaurant chain that owns over 2K restaurants, Jack in the Box, is considering various options, including a potential sale, after the company divested its Qdoba firm earlier this year.

Fri, 30 Nov 2018 08:36:21 GMT

Millennium bcp head rules out further M&A to boost profitability

The CEO of Potrugal's biggest listed bank, Millennium bcp, ruled out more merger and acquisition deals, after it had purchased a small Polish lender, as the bank seeks to boost profitability.

Fri, 30 Nov 2018 07:39:13 GMT

SoftBank sets indicative price at $13.23 in IPO

SoftBank set its indicative initial public offering price of $13.23 per share, bringing the value of a deal to $21.16B, in one of the largest-ever listings in the world, according to a regulatory filing.

Fri, 30 Nov 2018 07:35:06 GMT

French drone group Parrot's shares jump on buyout offer

On Thursday, shares in the struggling French drone producer Parrot surged as much as 82% to €3.19, after the company's shareholder, the Seydoux family, made a takeover proposal.

Thu, 29 Nov 2018 20:51:50 GMT

EU to take disciplinary move against Italy over debt

On Thursday, the European Union government took a new step in a disciplinary procedure against Italy over the country's debt.

Thu, 29 Nov 2018 20:51:40 GMT

Twitter stumbles over fear of backlash by conservative

On Thursday, Twitter Inc shares dipped about 6% over fears of a conservative backlash, after reports that Twenty-First Century Fox News Inc's has not tweeted to its 18.3 million followers since November 8.

Thu, 29 Nov 2018 20:03:37 GMT

Wall Street declines over trade uncertainty

On Thursday, US stocks edged lower over trade uncertainty, as the high stakes meeting between China and the United States at this week's G20 summit in Argentina kept traders on edge.

Thu, 29 Nov 2018 20:03:25 GMT

WSJ: Trump administration to meet with top tech executives

On Thursday, the Wall Street Journal reported that the White House would hold a roundtable meeting on innovation with top tech executives next week.

Thu, 29 Nov 2018 19:19:49 GMT

Polman to retire as Unilever's CEO

On Thursday, Unilever's CEO Paul Polman would retire in December from his position after a failed attempt to move the company's headquarters.

Thu, 29 Nov 2018 19:19:25 GMT

Former Trump attorney to plead guilty to misleading Congress

On Thursday, Michael Cohen, the US President Donald Trump former lawyer, pleaded guilty to making false statements to the US Congress about the Russia investigation.

Thu, 29 Nov 2018 18:31:05 GMT

Trump to meet with Xi at G20 summit

The US President Donald Trump would have a bilateral meeting with the Chinese President Xi Jinping at the G20 summit on Saturday, as both leaders plan to discuss trade.

Thu, 29 Nov 2018 18:25:03 GMT

Trump cancels meeting with Putin over Ukraine crisis

On Thursday, the US President Donald Trump cancelled his meeting with the Russian President Vladimir Putin scheduled for this week's at the G20 summit in Argentina, due to the present Ukraine crisis.

Thu, 29 Nov 2018 17:31:14 GMT

BC Partners prepares for sale of financial media unit Acuris

BC Partners, the EU buyout fund, is getting ready for a sale of its financial data and news unit Acuris, in a deal potentially worth over £1.0B, according to Reuters.

Thu, 29 Nov 2018 17:27:26 GMT

Icelandair drops deal to acquire rival WOW air

On Thursday, Icelandair stated it had scrapped the all-share deal to acquire the privately-held WOW air, which sought to create an international and stronger competitor, bringing the company's shares down 10%.

Thu, 29 Nov 2018 16:38:43 GMT

GSK considers merger of its consumer healthcare arm

On Thursday, GlaxoSmithKline confirmed it was looking at a merger for its consumer healthcare unit on the back of its India Horlicks nutrition arm reviews, as well as the other healthcare nutrition products for consumers.

Thu, 29 Nov 2018 16:34:06 GMT

PE Lone Star explores coffee machine group potential sale

Lone Star, the private equity fund, has selected Deutsche Bank to advise on a possible sale of its coffee and vending machine group Evoca, the firm's CEO Andrea Zocchi stated to Reuters.

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