News

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Fri, 05 Oct 2018 09:08:26 GMT

France's retailer Casino denies advisor hiring to sell GPA

France's retailer Casino has denied a press report for the second time during this week that it hired a financial advisor with intention to sell its Brazil's supermarket unit GPA.

Fri, 05 Oct 2018 08:03:05 GMT

Consortium considers potential bid for Intu

A consortium including the Canadian Brookfield Asset Management and Britain's billionaire John Whittaker is thinking over a potential offer for Intu Properties, the $2.6B worth shopping centre owner.

Fri, 05 Oct 2018 07:58:56 GMT

Haniel receieves antitrust nod for Metro shares sale

Germany's investment group Haniel received an antitrust approval to sell a 7.3% stake in the retailer Metro AG to a Czech-Slovak investor, the company stated on Thursday.

Fri, 05 Oct 2018 07:30:16 GMT

Tencent, KKR buy minority stake in Philippine's fintech unit

China's tech giant Tencent and the private equity group KKR are set to invest up to $175M for the minority stake in the Philippine PLDT's financial technology unit, both companies announced yesterday.

Fri, 05 Oct 2018 07:26:32 GMT

Italy's Edizione sells 20% Cellnex stake to Abu Dhabi's ADIA

On Thursday, the holding group of the Italian Benetton family, Edizione, announced it had sold 20% of its stake in Spanish tower firm Cellnex to the Abu Dhabi fund ADIA's unit.

Fri, 05 Oct 2018 06:36:41 GMT

Canada's Hootsuite considers sale

Canada's social media analytics platform Hootsuite is considering a sale that could potentially value the company at over $750M, sources familiar with the situation reported.

Fri, 05 Oct 2018 06:33:53 GMT

Tronc to change its name to Tribune Publishing

On Thursday, the newspaper Tronc announced it would rename itself back as Tribune Publishing, effective October 9 and was set to trade under the new TPCO ticker, starting October 10.

Fri, 05 Oct 2018 05:21:03 GMT

Hungary and Poland to contest EU labour rules

Poland and Hungary announced on Thursday they filed a claim to the European Court of Justice to dispute new more rigid regulations of the European Union on the employment labourers from low-income EU states.

Fri, 05 Oct 2018 05:08:54 GMT

Value of Lenovo shares drop 23%

On Friday morning, the value of largest Chinese hardware companies sufficiently decreased, including a 23% drop of Lenovo, amid reports that American companies' systems had been penetrated with chips of Chinese intelligence agents.

Fri, 05 Oct 2018 04:12:04 GMT

Wells Fargo considers to issue mortgage bond

According to report published by Bloomberg, Wells Fargo & Co is planning to issue its first after-crisis $441M prime mortgage bond without state's backing.

Fri, 05 Oct 2018 04:04:15 GMT

Oil prices surge amid effect from sanctions

Crude oil prices increased by 50 cents or 0.7% on Friday, reaching $74.83 a barrel, as traders concentrated on the upcoming supply tightening caused by American sanctions against Iran.

Fri, 05 Oct 2018 03:18:32 GMT

Samsung profit to hit record high in Q3

Samsung Electronics stated quarterly operating profit is likely to surge by a fifth to reach a record high, with the chip unit supported by robust demand from data centres.

Fri, 05 Oct 2018 03:14:59 GMT

Costco quarterly sales barely beats estimates

Costco Wholesale quarterly sales hardly beat analysts' forecasts, as growth in online business weakened, while gross margins declined on higher investments and rising costs.

Fri, 05 Oct 2018 02:36:23 GMT

Japan real wages decline in August

Inflation-adjusted real wages of Japanese workers fell in August for the first time in four-month period in a setback to expectations that consumer spending is likely to accelerate and support economic expansion.

Fri, 05 Oct 2018 02:33:17 GMT

Japan's household spending grows strongly in August

The Japanese household spending increased markedly in August at the strongest annual pace in three-year period, as bigger bonuses fuelled consumption.

Thu, 04 Oct 2018 19:50:29 GMT

Gulf states provide $2.3B to Jordan

Saudi Arabia, the United Arab Emirates and Kuwait provided $2.3B to Jordan to support the country's economy, a statement by the Ministry of Finance shows.

Thu, 04 Oct 2018 19:49:49 GMT

Morocco, Russia discuss economic, technical cooperation

Morocco and Russia hold the 7th session of the Joint Economic, Scientific and Technical Cooperation Committee in Rabat to strengthen cooperation between the countries.

Thu, 04 Oct 2018 19:30:38 GMT

Iran to overcome US sanctions

Iran will overcome the US economic sanctions against the country, the Iranian Supreme Leader Ayatollah Ali Khamenei vows.

Thu, 04 Oct 2018 19:29:51 GMT

Bosnia and Herzegovina to hold general elections

Bosnia and Herzegovina citizens prepare to head to the polls on October 7 to elect members of the presidency, the country's Central Election Commission reports.

Thu, 04 Oct 2018 18:28:11 GMT

US rejects some EU proposal on WTO reformation

On Thursday, the US Ambassador to the WTO Dennis Shea rejected some of the proposals made by the EU regarding the possible reform of the World Trade Organisation.

Thu, 04 Oct 2018 18:23:04 GMT

IMF: Japan faces increased financial risks

On Thursday, the International Monetary Fund claimed that Japan faces increased financial risks because of the global trade tensions and uncertainty regarding the planned increase of sales tax.

Thu, 04 Oct 2018 17:35:24 GMT

Turkey's Erdogan: referendum on EU accession is possible

On Thursday, the President of Turkey Tayyip Erdogan claimed that the referendum on Turkey's accession to the EU may suit the country, although this step needs to be discussed. 

Thu, 04 Oct 2018 17:32:15 GMT

British Johnson welcomes negotiations on Canada-style Brexit

On Thursday, the former Foreign Minister of the UK Boris Johnson welcomed the proposal from the European Council President Donald Tusk which would suggest Canada-style Brexit deal between EU and the UK.

Thu, 04 Oct 2018 15:53:11 GMT

Kuwait, UAE, Saudi to provide financial support to Bahrain

The United Arab emirates, Kuwait and Saudi Arabia are set to sign an aid deal to provide Bahrain with up to $10B financial support, according to the Kuwait's newspaper Al Rai.

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