News

Note: This section contains information in English only.
Tue, 27 Nov 2018 11:13:51 GMT

EU Economics Commissioner comments on Italian budget

On Tuesday, the European Union's Economics Commissioner announced that he is open to talks with the government of Italy to reach a solution to the Italian budget deficit.

Tue, 27 Nov 2018 10:35:40 GMT

Tages in talks to acquire Glennmont's solar plants

Investment fund Tages entered exclusive talks to acquire Italy's solar power factories that Glennmont Partners had put up for a sale, sources reported on Monday.

Tue, 27 Nov 2018 10:32:24 GMT

Paychex to acquire Oasis Outsourcing in $1.2B deal

The Payroll processor Paychex announced on Monday it would acquire the Oasis Outsourcing Acquisition in a cash-deal valued at $1.2B, as it sought entering new markets and expanding its HR outsourcing services.

Tue, 27 Nov 2018 09:38:43 GMT

Faroe Petroleum drops DNO's hostile bid

Faroe Petroleum has rejected a hostile proposal from the Norwegian firm DNO this Monday, claiming DNO substantially undervalued the firm.

Tue, 27 Nov 2018 09:24:12 GMT

Getty Images gets $500M investment from Koch Industries

Koch Industries unit has made an investment worth $500M into Getty Images, the US photo agency, but it will not have any input into the firm's editorial or content coverage.

Tue, 27 Nov 2018 08:06:44 GMT

WPP merging JWT with digital unit Wunderman

WPP is combining its famous ad agency JWT with its digital unit Wunderman amid global restructurisation, the company announced on Tuesday.

Tue, 27 Nov 2018 08:03:47 GMT

AccorHotels seeks buying rest of Poland's Orbis

France's AccorHotels has made a $501M offer to acquire the rest of the Polish firm Orbis to boost its presence in Central Europe.

Tue, 27 Nov 2018 07:39:17 GMT

Bayer considers selling consumer brands and animal health unit

Bayer is thinking over a sale of some of its consumer health firms and an animal health division, the topic that will be discussed at the company's consumer brands scheduled for his week.

Tue, 27 Nov 2018 07:36:38 GMT

Venezuela turns down BP bid to acquire Total's stake

Venezuela's oil ministry has rejected a bid made by BP to acquire Total's stake in the natural gas block, located along the country's and Trinidad and Tobago's maritime border.

Tue, 27 Nov 2018 05:47:34 GMT

Left leaning economist is nominated for positions at Mexico's central bank

The next Finance Minister of Mexico on Monday announced the nomination of Gerardo Esquivel, who is a left leaning economist, to the position of Deputy Governor of the Mexican central bank.

Tue, 27 Nov 2018 05:47:04 GMT

Cyber Monday is expected to set a record

This year's Cyber Monday sale is expected to bring in nearly $7.9 billion US Dollars in US online sales, as millions of people took advantage of the global sale event.

Tue, 27 Nov 2018 05:32:29 GMT

European consumer defence agencies want regulators to pressure Google

Seven consumer rights agencies in the European Union have requested privacy regulators to act against Google's tracing of millions of users, which breaches the EU's privacy laws.

Tue, 27 Nov 2018 05:28:27 GMT

Sales of Tesla plunge in China

An auto industry body in China has reported that the sales of Tesla cars have plunged nearly 70% percent in October.

Tue, 27 Nov 2018 04:34:31 GMT

Line jumps 17% after Nikkei reports tie-up with Tencent

Line shares jumped 17% on Tuesday after the Nikkei reported that Japan's chat appllication operator is likely to tie up with China's Tencent Holdings.

Tue, 27 Nov 2018 04:31:06 GMT

Italy sticks to budget goals for 2019 ahead of cost review

The Italian government stated that it stuck to the main budget goals for 2019, awaiting cost analysis of the main spending measures, tough left open the possibility of cutting the deficit target.

Tue, 27 Nov 2018 03:06:52 GMT

United Technologies to split into three companies

United Technologies stated it would split into three firms consisting of its elevators, aerospace and building divisions, following the completion of the company's $30B acquisition of Rockwell Collins.

Tue, 27 Nov 2018 03:00:00 GMT

Chinese industrial profits cool in October

Profits at industrial firms in China slumped for a sixth month in succession in October, as demand weakened further due to mounting unclarities stemming from the US-China trade war.

Mon, 26 Nov 2018 20:52:54 GMT

Maldives reveal information about deals with China

The Finance Minister of Maldives revealed on Monday that China is executing various infrastructure projects in the Maldives at inflated prices. Moreover, the government of Maldives cannot get out of the already made commitments.

Mon, 26 Nov 2018 19:47:17 GMT

Saudi Aramco intends to become leader in chemicals

On Monday, the Chief Executive Officer of Saudi Aramco announced that the Saudi Arabian government owned oil company intends to become a global industry leader in the chemical sector.

Mon, 26 Nov 2018 19:46:48 GMT

Aramco intends to increase market share in Asia

Although OPEC has set limits on oil production output next year, the government oil company of Saudi Arabia Saudi Aramco has announced that it intends to expand its market share in Asia.

Mon, 26 Nov 2018 18:57:01 GMT

Wall Street gains are attributed to Cyber Monday

On Monday, the financial media attributed the gains in stock indices to the traditional Cyber Monday sales, as retail stocks gained the most value.

Mon, 26 Nov 2018 17:55:55 GMT

China and India support proposed WTO reform

The representatives of the Chinese and Indian governments have announced that they support the reform of the World Trade Organization. The reform is being proposed by the European Union officials.

Mon, 26 Nov 2018 17:55:45 GMT

Euro gains value due to Italian fiscal budget politics

On Monday, the value of the common European currency increased due to rumors that the Italian government might decrease its fiscal budget deficit goal.

Mon, 26 Nov 2018 16:49:59 GMT

Washington does not respond to proposed WTO reform

As the European Union proposed World Trade Organization reforms on Monday, the representatives of the United States did not respond to the European announcement.

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