News

Note: This section contains information in English only.
Mon, 26 Nov 2018 06:13:50 GMT

Rio Tinto plans stake sale n Rössing Uranium

The global mining company Rio Tinto stated on Monday it would sell the entire 68.62% stake in Rössing Uranium worth about $106.5M to China National Uranium.

Mon, 26 Nov 2018 05:36:53 GMT

Panalpina wants remain independent company

On Sunday, Panalpina stated it would like to stay an independent firm, after Kuehne & Nagel, its Swiss rival, announced it was thinking over making an approach to acquire the company.

Mon, 26 Nov 2018 05:32:11 GMT

Alps Electric seeks boosting shareholder returns after takeover

Japan's Alps Electric is planning to bolster shareholder returns after completing a planned takeover of its affiliate Alpine Electronics, in a move that has been welcomed by Elliott Management.

Mon, 26 Nov 2018 03:59:46 GMT

Logitech ends talks to acquire Plantronics

Logitech International , the Swiss keyboards and webcams manufacturer, ended negotiations to acquire Plantronics, the US maker of Bluetooth earpieces and gaming headsets, the companies stated.

Mon, 26 Nov 2018 03:57:07 GMT

GM to make announcement over global operations

General Motors is likely to make the main announcement, which would affect its global operations, including vehicle production at its Ontario plant, a Canadian union stated in a statement.

Mon, 26 Nov 2018 03:37:36 GMT

Waypoint Leasing decides to file for bankruptcy

Waypoint Leasing, the helicopter leasing firm backed by investment companies for billionaires Michael Dell and George Soros, stated that it had filed for bankruptcy and planned to restructure.

Mon, 26 Nov 2018 03:32:40 GMT

Japan factory activity grows at weakest pace in two years last month

Japanese manufacturing activity grew at the slowest pace in the two-year period in November, while new orders fell for the first time since September 2016, raising doubt over expansion prospects for the current quarter.

Sun, 25 Nov 2018 20:46:05 GMT

Taiwan votes mostly for China-friendly party

On Sunday, Taiwan's general elections took place. The China-friendly Kuomintang will control 15 cities and counties, leaving only six to the ruling DPP.

Sun, 25 Nov 2018 20:34:05 GMT

Chairman of Taiwan's ruling party resigns

The President of Taiwan on Sunday announced her resignation as the chairwoman of the Democratic Progressive Party.

Sun, 25 Nov 2018 20:23:30 GMT

Swiss voters deny new farming subsidy

The voters of Switzerland on Sunday voted against the proposal to financially subsidize farmers that allow goats and cows to grow their horns instead of removing them.

Sun, 25 Nov 2018 20:22:47 GMT

Apple antitrust hearing occurs in US top court

A US top court is hosting the hearing of the representatives of Apple Inc in an antitrust dispute, which was caused by the company's app store.

Sun, 25 Nov 2018 19:05:11 GMT

G20 summit starts next week

Next week the financial markets will be watching and be most influenced by the G20 summit, during which the future of the global economy and trade will be brokered between the largest countries of the world.

Sun, 25 Nov 2018 19:02:23 GMT

Donald Trump comments on migrant caravan

On Sunday, the US President Donald Trump announced that the migrant caravan that is heading to the US-Mexico borders will be forced to stay at the borders until their individual asylum applications are reviewed.

Sun, 25 Nov 2018 18:01:38 GMT

Washington prepares to increase tariffs on China

It has been announced by the representatives of the United States that the tariffs on Chinese imports are planned to be increased by $200 billion in January, unless a trade deal is made at the G20 summit in Argentina.

Sun, 25 Nov 2018 18:00:57 GMT

US and China prepare for G20 summit

It was announced on Sunday that the Presidents of the United States and the Chinese People's Republic are set to talk about trade at the upcoming G20 summit.

Sun, 25 Nov 2018 17:26:46 GMT

Theresa May is preparing to face the Parliament

As Theresa May agreed with the European Union upon a Brexit deal on Sunday, she was still set to face the Parliament of the United Kingdom that has to approve the deal.

Sun, 25 Nov 2018 17:26:01 GMT

European Union comments on the made Brexit deal

On Sunday, the European Union announced that it has made a Brexit deal with the United Kingdom. Meanwhile, it was stated that the deal is the best that Britain will get.

Sun, 25 Nov 2018 16:29:24 GMT

Aston Martin seeks doubling car output by 2025

The luxury automaker Aston Martin is planning to increase its car production more than two times to 14K vehicles by 2025, its CEO stated on Sunday, as the company is not seeing a slowdown in the key markets.

Sun, 25 Nov 2018 16:24:46 GMT

GE, StanChart, Iraqi Trade Bank sign $600M power finance deal

General Electric, Standard Chartered and the Trade Bank of Iraq signed a financing deal worth $600M to fund an Iraqi power project, the companies announced on Sunday.

Sun, 25 Nov 2018 15:33:03 GMT

Elbit finalises takeover of Israeli IMI after government approval

Israel's defence contractor Elbit Systems announced on Sunday it had finalised its $500M deal to acquire the state-owned competitor IMI Systems, after the government granted its approval for firm's privatisation last week.

Sun, 25 Nov 2018 15:22:34 GMT

UAE's UNB picks JPMorgan to advise on merger talks

Union National Bank, the United Arab Emirates' lender, has selected JPMorgan to help advising on merger negotiations with Abu Dhabi's Commercial Bank that is set to involve the unlisted bank Al Hilal, sources reported.

Sun, 25 Nov 2018 14:34:35 GMT

Eclat Textile views growth opportunities in US-Sino trade dispute

Nike and Amazon apparel supplier Eclat Textile is seeing a strong trend of production shift from China due to the ongoing trade spat between the Asian country and the United States, it stated on Sunday.

Sun, 25 Nov 2018 14:26:46 GMT

Nissan-Renault leaders plan meeting due to struggles over Ghosn ouster

The Nissan-Renault alliance's executives are set to meet next week to save their joint operations from possible tensions between the automakers, after the executive Carlos Ghosn was arrested for allegations on financial misconduct.

Sun, 25 Nov 2018 12:00:15 GMT

May sends letter to the nation

On Sunday, the UK Prime Minister Theresa May addressed the British people calling them to publicly support her Brexit deal negotiated with the European Union.

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