News

Note: This section contains information in English only.
Fri, 15 Jun 2018 16:26:08 GMT

Wells Fargo gets final approval to settle $142 million lawsuit

On Friday, Wells Fargo & Co gets a final approval from California district court to pay $142 million in compensation to customers that were affected by sales scandal connected to a phony bank account.

Fri, 15 Jun 2018 16:23:35 GMT

Saudi Arabia set to host OPEC leaders

Moscow and Riyadh took the first step to establish a long-term foundation for co-operation between non-OPEC and OPEC nations this week.

Fri, 15 Jun 2018 15:15:42 GMT

Macedonia and Greece agrees to sign name change accord

Macedonia and Greece are going to sign a deal on Sunday, June 17 to officially change the name of the former Yugoslav republic.

Fri, 15 Jun 2018 15:12:27 GMT

Wall Street slides lower amid rising China trade pressure

US stocks slide lower on Friday after the United States President Donald Trump issued a statement that a 25 percent tariff would be set on $50 billion worth of Chinese goods.

Fri, 15 Jun 2018 14:13:09 GMT

China's Didi to launch ride-sharing services in Australia this month

China's Didi Chuxing Technology is set to launch its ride-sharing services in Australia starting from this month, its initial foray in the Western-style country.

Fri, 15 Jun 2018 14:06:55 GMT

President Trump imposes 25% tariff on China's technology

On Friday, the US President Donald Trump has announced that Washington would impose a 25% tariff on the $50B of Chinese goods related to technology and intellectual property.

Fri, 15 Jun 2018 12:39:51 GMT

Lufax aims at $2.0B in fresh funding due to IPO delay

China's Lufax is targeting to attract $2.0B in fresh funding, seeking to bring the company's value to $40B, amid its initial public offering delay.

Fri, 15 Jun 2018 12:36:43 GMT

India ready to Air India IPO after failed divestment

India is ready to an initial public offering of Air India, the ailing state carrier, after it failed to lure buyers for the company's 76% stake.

Fri, 15 Jun 2018 11:08:48 GMT

Meal kit firm Marley expects profitability by next year's end

Marley Spoon, the meal kit company, is eyeing profitability by the next year's end by using the proceeds of its Australian stock market flotation and its growth investment.

Fri, 15 Jun 2018 11:08:33 GMT

Real estate firm Opendoor raises $325M in new financing

On Wednesday, the online real estate start-up Opendoor has attracted $325M in a new financing, bringing the San Francisco-based firm's valuation to over $2.0B.

Fri, 15 Jun 2018 10:17:02 GMT

Diversified Gas to acquire US gas, oil assets for around $575M

On Thursday, Diversified Gas & Oil announced it would acquire gas and oil producing assets in Appalachian Basin in a deal valued about $575M.

Fri, 15 Jun 2018 10:11:14 GMT

Finland's real estate company Kojamo valued at $2.5B in IPO

Kojamo Oyj, the Finnish real estate firm, has been valued at $2.5B on Thursday in the initial public offering ahead of the company's market debut scheduled for this Friday.

Fri, 15 Jun 2018 09:37:27 GMT

IAG head has no intentions to bid for Norwegian

The British Airways owner IAG's CEO stated at the shareholder annual meeting this Thursday he had no intentions to participate in the bidding war for Norwegian Air Shuttle.

Fri, 15 Jun 2018 08:36:37 GMT

Construction firm CRH agrees on conditions to buy Ash Grove

Construction firm CRH has agreed to a takeover conditions to divest facilities in three US states as it sought to win the antitrust approval to acquire Ash Grove Cement.

Fri, 15 Jun 2018 08:33:39 GMT

Spain's Puig take controlling stake in Dries Van Noten

On Thursday, the Spanish fragrance and fashion group Puig stated it had bought a controlling stake in the Belgian company Dries Van Noten; however, the value of a deal had not been disclosed.

Fri, 15 Jun 2018 07:23:06 GMT

Reonomy attracts $30M from SoftBank, Sapphire Ventues

On Thursday, the real estate analytics company Reonomy stated it had raised $30M from the existing investors Sapphire Ventures and SoftBank Capital.

Fri, 15 Jun 2018 07:18:28 GMT

France's Teleperformance to acquire Blackstone's Intelenet

France's Teleperformance has agreed to acquire the Indian firm Intelenet from the US private equity group Blackstone in a takeover deal valued at $1.0B to strengthen its specialised services business.

Fri, 15 Jun 2018 06:06:07 GMT

Apollo delays sale of security company Constellis

Apollo Global Management has suspended its plans for a sale of the US military security company Constellis, following a failure in the negotiations with the Canada Garda World Security.

Fri, 15 Jun 2018 06:05:26 GMT

Australian drugmaker Sirtex sees getting approval for China's buyout

Sirtex, Australia's liver cancer treatment manufacturer, is expecting its $1.4B buyout by China's consortium to win the regulatory approval in the United States and Australia, despite some diplomatic tensions.

Fri, 15 Jun 2018 05:15:02 GMT

RBA: asset valuation justified with low interest rates

The Assistant Governor to the Reserve Bank of Australia Luci Ellis said asset valuation was justified with the current environment of low interest rates and bond prices.

Fri, 15 Jun 2018 05:13:21 GMT

Europe should adopt new monetary policies to trade with Iran

The President of Tehran Iron and Steel Union said Europe should adopt new monetary policies to continue trading with Iran in the steel industry without worries about US sanctions.

Fri, 15 Jun 2018 04:27:45 GMT

Euro still weak after ECB policy statement

The Euro continued to weaken early on Friday following a decision by the European Central Bank to hold interest rates at a record low level until mid-2019.

Fri, 15 Jun 2018 04:24:29 GMT

ASIC sues Westpac over inappropriate service

The Australian Securities and Investments Commission has filed a lawsuit against Westpac Banking Group over provision of inappropriate financial advice.

Fri, 15 Jun 2018 03:07:45 GMT

China regulators accept Qualcomm merger with NXP Semiconductors

China's regulators approved the US chipmaker Qualcomm's proposed $44B tie-up with NXP Semiconductors, according to sources with knowledge of the matter.

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