News

Note: This section contains information in English only.
Tue, 05 Jun 2018 12:05:25 GMT

Portugal's OutSystems raises $360M from KKR, Goldman Sachs

KKR and Goldman Sachs have invested $360M in the Portuguese low-code application service OutSystems, bringing the company's value to over $1.0B.

Tue, 05 Jun 2018 11:51:41 GMT

Kuaishou acquires rival AcFun in China online video fight

On Tuesday, the Tencent-backed online video start-up Kuaishou has acquired its rival video and animation platform AcFun, as the battle over the online visual content intensifies.

Tue, 05 Jun 2018 11:36:44 GMT

SoftBank's ARM to cede control of China operations to local JV

On Tuesday, SoftBank stated its subsidiary ARM Holdings is set to cede control of the company's Chinese operations to a local joint venture amid business expansion in the country.

Tue, 05 Jun 2018 10:39:36 GMT

Twitter to replace Monsanto by joining S&P 500

S&P Dow Jones Indices stated on Monday that Twitter Inc. was set to join the S^P 500, replacing Monsanto.

Tue, 05 Jun 2018 08:46:25 GMT

Australian government charges investment banks

Authorities in Australia have charged two of the country's investment banks with alleged cartel activity.

Tue, 05 Jun 2018 08:45:52 GMT

Sharp will issue new shares

Early on Tuesday it was announced that Sharp will buy Toshiba's PC business. Moreover, it was later on revealed that the company will also release $1.8B worth of new company shares.

Tue, 05 Jun 2018 08:37:30 GMT

Philips to acquire EPD Solutions in $292M deal

Philips, the Dutch healthcare tech firm, stated on Tuesday it would acquire the heart disorder specialist EPD Solutions in a deal valued at $292.1M.

Tue, 05 Jun 2018 08:33:52 GMT

TransferWise ties up with France's BPCE

TransferWise, the financial technology company, has partnered with the French banking firm Groupe BPCE, seeking to receive the access to its 15M retail customers, the firms announced on Monday.

Tue, 05 Jun 2018 07:37:32 GMT

UK start-up Revolut to apply for US banking licence

On Monday, the British financial technology company Revolut's CEO Nikolay Storonsky said the start-up was planning to apply for the banking licence in the United States.

Tue, 05 Jun 2018 07:34:30 GMT

ConocoPhillips plans to offload stake in Cenovus Energy

ConocoPhillips is getting ready to sell its stake in Canada's Cenovus Energy, which it had bought on the back of the asset sale to the gas and oil producer last year.

Tue, 05 Jun 2018 06:29:55 GMT

GM China lifts new EV target up to 20 models by 2023

General Motors' China unit is raising its new electric vehicle target to up to 20 car models, planning to launch heavily electrified alternatives to gasoline cars through 2023.

Tue, 05 Jun 2018 06:23:35 GMT

British car sales surge almost 3% in May

The UK new vehicle registrations increased nearly 3% in May, showing a growth for the second month in succession, following a year-long decline, according to the car industry body's preliminary data.

Tue, 05 Jun 2018 04:18:55 GMT

Asian stocks decline on Tuesday

Asian stock markets booked a slight decline on Tuesday after the rally of Monday. Namely, there was a 0.1 to 0.2 percent decline in Asian indices.

Tue, 05 Jun 2018 04:18:22 GMT

Sharp will buy Toshiba's PC business

Sharp Corp of Japan has announced that the company will buy the Toshiba corporations personal computer division for $36 million.

Tue, 05 Jun 2018 04:08:34 GMT

Grab launches innovation unit

On Tuesday, Grab announced that the company will launch Grab Ventures, which will concentrate on developing technology start-ups.

Tue, 05 Jun 2018 04:08:00 GMT

Mexican presidential candidate increases lead

Andreas Manuel Lopez Obrador has increased his double-digit opinion from pre-election polls. He is 26 points ahead of his nearest rival.

Mon, 04 Jun 2018 19:44:07 GMT

Bayer finishes Monsanto takeover

Bayer have revealed that the $63B acquisition of Monsanto will be finished this week. Moreover, Bayer will retire the Monsanto name, which was in use for 117 years.

Mon, 04 Jun 2018 19:43:54 GMT

Walmart sells Brazilian unit

On Monday, Walmart announced that the company has sold 80% of its Brazilian operations to Advent International.

Mon, 04 Jun 2018 18:57:32 GMT

German minister endorses Merkel's idea

The Finance Minister of Germany Olaf Scholz on Monday endorsed the idea of a European investment fund, which was proposed by Angela Merkel.

Mon, 04 Jun 2018 18:56:58 GMT

BlaBlaCar gains market in Russia

Russia has beaten France as the largest market for the French start-up BlaBlaCa. The company's CEO has revealed that it is due to the large distances between Russian cities.

Mon, 04 Jun 2018 17:52:12 GMT

Societe Generale will pay $1.3B fine

It has been announced that Societe Generale will pay almost $1.3B to authorities in France and the United States.

Mon, 04 Jun 2018 17:51:37 GMT

Democrats set expectations for North Korea and US summit

On Monday, top democratic senators told the President of the US not to make any kind of deal with North Korea that would leave the country with nuclear weapons.

Mon, 04 Jun 2018 16:47:31 GMT

Head of Mexico's central bank scolds protectionism

The chief of Mexico's central bank on Monday announced in published comments that protectionism is going to hurt Mexican economy.

Mon, 04 Jun 2018 16:45:44 GMT

Apple stock reaches new high level

On Monday, Apple stock price surged above the 190.00 mark booking a new historical high level.

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