News

Note: This section contains information in English only.
Thu, 29 Nov 2018 15:35:44 GMT

China approves Whitbread's sale of Costa Coffee

On Thursday, China's authorities granted its approval to the British firm Whitbread to sell its Costa Coffee cafe chain to Coca-Cola.

Thu, 29 Nov 2018 14:36:34 GMT

Malaysia's Khazanah sells IHH stake for $2.0B

Khazanah Nasional, Malaysia's sovereign wealth fund, is planning a 16% stake sale in IHH Healthcare to the Japanese company in an all-cash deal worth around $2.0B.

Thu, 29 Nov 2018 14:30:04 GMT

Bingo shares drop on concerns about Dial A Dump deal

On Thursday, the shares of Australia's recycling and waste management firm Bingo Industries dropped as much as 13%, after the country's competition watchdog had raised concerns over its $422M takeover of Dial A Dump.

Thu, 29 Nov 2018 13:38:54 GMT

Carrefour ties up with Jumia over Kenya's online shopping

Cerrefour has clinched a deal with the online retailer Jumia to provide online shopping in Kenya, starting from January 2019.

Thu, 29 Nov 2018 13:17:05 GMT

EssilorLuxottica to look for new CEO starting next year

EssilorLuxottica stated on Thursday its search for the firm's new CEO was set to start from the next year, as it was planned, dismissing rumours about the power struggle.

Thu, 29 Nov 2018 12:38:01 GMT

Intu shares fall to record-low as Whittaker drops bid

Intu Properties shares fell to its record low on Thursday after the Whittaker consortium had dropped a £2.9B takeover deal with the shopping centre owner for the second time during the year.

Thu, 29 Nov 2018 11:14:13 GMT

OSCE announces issues in Georgian election

The OSCE on Thursday announced that one of the Georgia's presidential election candidates had an undue advantage. The announcement was made after the ruling party candidate Salem Zurabishvili won in the run-off on Wednesday.

Thu, 29 Nov 2018 11:12:55 GMT

Italian League wants to control broadband network

On Thursday, the Italian ruling League part members announced that they are working on a single government controlled broadband network. With the move the party would bring information under state control.

Thu, 29 Nov 2018 10:34:38 GMT

Apollo ties up with Northwest Broadcasting over Tribune Media bid

Apollo Global Management, the buyout company, has tied up with Northwest Broadcasting, the regional television station owner, in the firm's bid to take over Tribune Media, another TV station owner in the United States.

Thu, 29 Nov 2018 10:29:33 GMT

Altria considers taking Juul's minority stake

Tobacco firm Altria Group has launched talks to acquire a minority stake of 20%-40% in the e-cigarette producer Juul Labs, according to sources familiar with the deal.

Thu, 29 Nov 2018 09:38:31 GMT

Cyrus Capital, Lampert's hedge fund tie up for potential Sears bid

Cyrus Capital Partners and Eddie Lampert's hedge fund have tied up to make a possible takeover bid for Sears Holdings, seeking to keep the bankrupt company running, according to Bloomberg.

Thu, 29 Nov 2018 09:32:24 GMT

WhiteWater Midstream explores $2.0B sale

WhiteWater Midstream is thinking over a potential sale, seeking to value the US gas and oil pipeline company at over $2.0B, including debt.

Thu, 29 Nov 2018 05:51:38 GMT

Apple's best-selling model iPhone XR

Apple's executive stated that the company's iPhone XR was its best-selling iPhone model since the mobile device was placed on the market in October.

Thu, 29 Nov 2018 05:51:32 GMT

Dell.com resets customer passwords following cyber attack

Dell stated that passwords for customers' accounts on Dell.com online store were reset on November 14 after the cyber attack attempting to steal data was discovered and stopped.

Thu, 29 Nov 2018 04:58:58 GMT

Box reports smaller-than-anticipated loss

Cloud storage provider Box reported a smaller-than-anticipated quarterly loss, as the company added more customers, and estimate full-year revenue above analysts' estimates.

Thu, 29 Nov 2018 04:54:46 GMT

Qualcomm sets up fund to invest in artificial intelligence startups

Qualcomm set up a $100M fund that is intended to invest in startup companies working on AI technologies, the US chipmaker stated.

Thu, 29 Nov 2018 04:33:46 GMT

Australian companies hike spending plans

Australia's companies boosted spending plans for 2019, with non-mining investment taking the lead in a positive sign for the country's economy, the report showed.

Thu, 29 Nov 2018 04:27:15 GMT

Japan retail sales jump most in October, indicate economic rebound

Japan's retail sales increased at the fastest pace in ten months in October, as consumers bought more cars, fuel, cosmetics and medicines, in a sign that firm private consumption would put the economy on track for expansion.

Thu, 29 Nov 2018 03:25:35 GMT

Volkswagen plans new factory in North America for electric cars

Volkswagen announced its intention to locate a new factory in North America to make electric vehicles for the US market, the German automaker's new Head for the US stated.

Thu, 29 Nov 2018 03:23:10 GMT

Huawei seeks NZ clarifications after 5G bid rejection

Huawei Technologies stated that it would like to receive clarification from New Zealand after its intelligence agency rejected the industry's first request to use China's firm's equipment in 5G mobile network.

Wed, 28 Nov 2018 20:50:28 GMT

Seat to develop EV platform in China with JAC

Volkswagen's Spanish Seat brand stated that it is set to develop the electric car platform together with the Chinese company Anhui Jianghuai Automobile within a broader Asia's expansion push.

Wed, 28 Nov 2018 20:50:24 GMT

Federal Reserve's gradual rate increases balance against risks

The US Fed Chair Jerome Powell stated that the Federal Reserve's gradual rate hikes are set to balance risks, as the Bank attempts to keep the economic growth on track.

Wed, 28 Nov 2018 19:54:42 GMT

CDC to invest nearly $4.5B in Africa

The UK development finance agency CDC announced plans to invest up to $4.5B in Africa over four years to strengthen ties with the continent, as the country prepares to quit the EU.

Wed, 28 Nov 2018 19:52:44 GMT

BoE: worst-case Brexit tougher than financial crisis

The UK would risk a larger hit to the economy than over the global financial crisis, if it quits the EU in a disorderly manner next year, the Bank of England stated.

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