News

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Thu, 14 Jun 2018 08:39:34 GMT

Greystar in negotiations to acquire Education Realty in $3.1B

Greystar Real Estate Partners has launched talks over the Education Realty Trust takeover in a potential deal valued at $3.1B, according to the Wall Street Journal.

Thu, 14 Jun 2018 08:33:49 GMT

US Fed grants merger approve to Ameris and Hamilton

On Wednesday, the US Federal Reserve has approved a merger deal between Hamilton State Bancshares and Georgia's Ameris Bancorp amid rising bank consolidation.

Thu, 14 Jun 2018 07:09:38 GMT

IAI clinches $600M deal with Airbus for German Defence Ministry

On Thursday, Israel Aerospace Industries, the defence contractor, has signed a $600M agreement with Airbus to lease the Heron TP drones to the German Defence Ministry.

Thu, 14 Jun 2018 07:08:51 GMT

Elon Musk acquires nearly 73K of Tesla sharres

Tesla's largest shareholder and CEO Elon Musk has acquired 72.5K of the company's stock on Tuesday and Wednesday at $342.44-$347.44 for a share,, bringing the number of shares he own in the carmaker to 33.7M worth around $11.6B.

Thu, 14 Jun 2018 06:35:02 GMT

Ford, Daimler phases out fuel cell venture

Daimler and Ford Motor are winding down their joint venture established for an automotive fuel cell technology development, as both carmakers are set to develop it in-house, Ford stated on Wednesday.

Thu, 14 Jun 2018 05:05:33 GMT

Japan set to join EU in talks with WTO over US steel tariffs

Japan was seeking to join the EU in a bid to begin dispute resolution negotiations with the US over aluminium and steel tariffs, under the WTO framework.

Thu, 14 Jun 2018 05:05:23 GMT

China industrial output grows 6.8% in May

China's industrial production rose less than expected 6.8% year-on-year in May, while the growth of fixed-asset investment weakened to 6.1% in January-May.

Thu, 14 Jun 2018 04:06:03 GMT

Chinese retail sales up 8.5% in May

China's consumer goods retail sales rose 8.5% year-over-year to reach nearly $475B in May, the National Bureau of Statistics stated.

Thu, 14 Jun 2018 04:05:24 GMT

Australia's jobs growth below expectations in May

Australia's employment grew less than anticipated in May, mainly supported by gains in part-time work, while the jobless rate fell to the lowest level since November.

Thu, 14 Jun 2018 03:27:47 GMT

Comcast suggests $65B to lure Fox from Disney's bid

Comcast offered $65B to lure 21st Century Fox away from its merger with Walt Disney, starting a war between the largest media companies with 20% higher offer.

Thu, 14 Jun 2018 03:26:48 GMT

Restaurants in UK could make billions by adapting opening hours

The UK struggling restaurants and bars could earn more than £5B each year by switching opening hours to up-to-date consumer patterns, study by Barclays revealed.

Thu, 14 Jun 2018 02:36:59 GMT

Apple to undercut law-enforcement tool to break into iPhones

Apple stated that it is set to change settings of iPhone to undercut the most popular law-enforcement tools for cracking the devices.

Thu, 14 Jun 2018 02:36:27 GMT

Canada's Freeland: trade actions by US illegal under WTO regulations

Chrystia Freeland, the Canadian Foreign Minister, stated that the US trade actions against the country were illegal under the World Trade Organisation regulations.

Wed, 13 Jun 2018 20:09:00 GMT

Argentina to use $7.5B from IMF deal to fund budget

Argentine authorities asked to use $7.5B of the $50B financing deal with the IMF to finance the country's budget, the Managing Director Christine Lagarde stated.

Wed, 13 Jun 2018 20:08:20 GMT

VW fined €1B by Germany's prosecutors on emissions cheating

Volkswagen was fined €1B over diesel emissions cheating, one of the biggest ever fines imposed by Germany's authorities against a business, public prosecutors stated.

Wed, 13 Jun 2018 19:23:57 GMT

US PPI grows 0.5% in May

The US producer prices revealed stronger-than-anticipated gain of 0.5% in May, fuelling the biggest annual rise in more than six years, the Labour Department stated.

Wed, 13 Jun 2018 19:21:53 GMT

Fed raises rates, anticipates two more increases this year

The US Federal Reserve announced the decision to raise rates to 2%, in line with expectations, and indicated plans for two more hikes this year.

Wed, 13 Jun 2018 18:05:41 GMT

Facebook announces new privacy safeguards after conceding to pressure from advertisers

Facebook is introducing a new policy, that will better show its users about the way companies are choosing adverts for them.

Wed, 13 Jun 2018 17:57:27 GMT

UK Prime Minister Theresa May set to avoid parliament defeat on customs after compromise

After Tuesday's adjustment, Prime Minister Theresa May set to fend off a defeat in parliament over her post-Brexit trade plans on Wednesday.

Wed, 13 Jun 2018 15:47:39 GMT

Qatar extends financial aid to Jordan worth $500M

Qatar is set to provide additional $500M in financial aid package to Jordan to help the country deal with austerity measures introduced by the IMF.

Wed, 13 Jun 2018 15:46:58 GMT

Broadridge joins S&P500

The US-based fintech company Broadridge Financial Services is set to join the S&P500 Index as of Monday, June 18, 2018.

Wed, 13 Jun 2018 15:07:33 GMT

GM appoints new CFO

The US-based auto manufacturer General Motors announced on Wednesday that Dhivya Suryadevara had been appointed the company's new CFO as of September 1.

Wed, 13 Jun 2018 15:05:26 GMT

Timmermans: Political control over Polish courts violates EU treaties

The First Vice President of the European Commission Frans Timmermans explained that putting the Polish judiciary under political oversight violated EU treaties.

Wed, 13 Jun 2018 14:37:22 GMT

Vintage Capital lifts Rent-A-Center bid to $14/share

On Tuesday, the buyout company Vintage Capital Management has sweetened its bid for Rent-A-Center to $14 a share in cash, following the retailer's rejection over unsatisfactory takeover proposal.

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