News

Note: This section contains information in English only.
Wed, 28 Nov 2018 18:53:31 GMT

EZ growth broad-based, trend remains weak

Euro zone growth was still broad-based, though low productivity and high debt kept the growth pace slow compared with other advanced economies, the ECB Vice President stated.

Wed, 28 Nov 2018 18:21:38 GMT

Daimler to start producing EV in China next year

Daimler is expected to start making electric vehicles in China in 2019, aiming to meet Beijing's anti-pollution quotas for vehicle producers.

Wed, 28 Nov 2018 18:20:49 GMT

US new home sales fall markedly last month

Sales of new single-family homes in the US dropped to the lowest level in more than two years in October due to sharp falls in all four regions.

Wed, 28 Nov 2018 17:02:00 GMT

Eaton explores acquisition of Turkey's Ulusoy Elektrik

The New York-listed power management group Eaton Corporation has entered the advanced talks to acquire Turkey's Ulusoy Elektrik in a potential deal worth about $300M.

Wed, 28 Nov 2018 16:55:05 GMT

US senators urge Washington to investigate ZTE's work in Venezuela

On Wednesday, the US senators called on Trump's Administration to launch an inquiry into ZTE Corp's operations in Venezuela to check whether the China telecommunications firm had violated US sanctions by monitoring citizens behaviour.

Wed, 28 Nov 2018 16:37:14 GMT

PM May says Brexit agreement is best for UK

On Wednesday, the British Prime Minister Theresa May stated that the analysis, conducted by her government, showed that the Brexit deal, which she discussed with Brussels, is the best scenario to deliver on the 2016 referendum.

Wed, 28 Nov 2018 16:18:08 GMT

Biotech firm Moderna sees raising up to $521.7M in IPO

On Wednesday, biotech firm Moderna stated it was hoping to attract up to $521.7M in the listing on the Nasdaq Stock Exchange, bringing the company's value to around $7.8B.

Wed, 28 Nov 2018 15:39:33 GMT

56% of Trinidad shares tendered in Ensign Energy's hostile bid

Ensign Energy Services, the Canadian oilfield services provider, stated on Tuesday it tender had received 56% of Trinidad Drilling's shares in its hostile bid, making the rival Precision Drilling to walk away from the deal.

Wed, 28 Nov 2018 14:37:23 GMT

Detroit automakers keep cutting car output in North America

The Detroit Three automakers, Ford Motor, Fiat Chrysler Automobiles and General Motors, continue to narrow their car production in North America amid plunging demand for classical sedans.

Wed, 28 Nov 2018 14:32:43 GMT

Polio vaccination campaign kicks off in Yemen

The aid agencies, WHO and UNICEF, launched the polio vaccination campaign to inoculate about 5M children in Yemen, as the state's healthcare system is hit by three-year war.

Wed, 28 Nov 2018 13:39:05 GMT

DEPA finalises purchase of Shell's stake in local gas supplier

Greek gas firm DEPA has finalised its purchase of Shell's 49% stake in the local gas distributor and gas supplier in Athens in a deal that makes it the only stakeholder in both companies.

Wed, 28 Nov 2018 13:34:50 GMT

Mubadala, Saudi Arabia and Russia's fund discuss drilling firm stake buy

UAE's Mubadala, Saudi Arabia and Russian sovereign wealth fund have entered talks to acquire a 16% stake in Russia's oil drilling company Eurasia Drilling, the head of Russian fund stated on Wednesday.

Wed, 28 Nov 2018 12:39:26 GMT

Ride-hailing firm Didi faces China's safety crackdown

On Wednesday, China's authorities launched a safety crackdown on its ride-hailing industry, targeting the local company Didi Chuxing with fines amid two fatal incidents.

Wed, 28 Nov 2018 12:34:54 GMT

Biosev picks bank for Brazil sugar asset potential sales

The ethanol and sugar maker Biosev hired Rabobank's investment unit to lure potential buyers for its Brazilian sugar plants, sources with a knowledge of the matter stated.

Wed, 28 Nov 2018 11:17:50 GMT

EU Advocate General will reveal opinion on Brexit in December

On Wednesday, the European Union's Advocate General of the EU's top court will publish his opinion about whether Britain can unilaterally reverse Brexit. The publication will occur on December 4.

Wed, 28 Nov 2018 11:16:06 GMT

Italian Minister of Economy comments on Italian budget

On Wednesday, the Italian Minister of Economy Giovanni Tria announced that the Italian government is seeking a tweak to the fiscal budget, which could support economic growth and decrease the budget deficit.

Wed, 28 Nov 2018 10:39:21 GMT

AXA lifts profit targets amid $15B XL deal

The EU second-largest insurer AXA has raised its net income targets, expecting a rise within the following two years, in a wake of the $15B XL unit deal.

Wed, 28 Nov 2018 10:37:00 GMT

Head of Deutsche Bank Americas seen to quit

Tom Patrick, Deutsche Bank's Americas head, is expected to quit his position at the bank by this year's end, sources familiar with the situation reported on Wednesday.

Wed, 28 Nov 2018 09:13:33 GMT

New Zealand drops Huawei's 5G bid amid security concerns

The intelligence agency of New Zealand rejected the first request by the telecom industry to use Huawei's 5G equipment in the country, citing national security risk.

Wed, 28 Nov 2018 09:09:56 GMT

Commerzbank walks away from bidding for NordLB

Commerzbank decided to drop out of bidding for the NordLB's stake, Germany's public sector lender, due to the suitor unsatisfied with the synergy potential and growth from the deal, according to Handelsblatt.

Wed, 28 Nov 2018 08:00:00 GMT

Sears wins approval for extra $350M loan

On Tuesday, Sears Holdings secured court approval for additional $350M in bankruptcy financing that would let the retailer operate during the holidays on the back of its attempts to restructure.

Wed, 28 Nov 2018 07:54:08 GMT

Roche acquires Jecure in chase for liver disease treatment

Swiss drugmaker Roche signed a deal to acquire the US biotech firm Jecure Therapeutics, joining Novartis, Gilead Sciences and Pfizer in a race for new drugs to cure fatty liver disease.

Wed, 28 Nov 2018 07:39:23 GMT

Advent International plans bidding for France's L'Occitane

According to the Financial Times report seen on Tuesday, Advent International has raised its interest into bidding for France's cosmetics retailer L'Occitane International.

Wed, 28 Nov 2018 06:11:37 GMT

US Dollar value fluctuates due to Fed expectations

As the US Dollar traded near a two year high on Wednesday, the financial media named as the reason for the surge concerns over incoming US Federal Reserve's Meeting Minutes that were scheduled to be published on Thursday.

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