News

Note: This section contains information in English only.
Wed, 16 May 2018 15:32:37 GMT

Bartlett and Co plans merger with Savage Companies

The US top grain exporter to Mexico, Bartlett and Company, is set to merge with the logistics firm Savage Companies as part of consolidation to hit struggling agriculture sector.

Wed, 16 May 2018 15:23:29 GMT

Greece's DEPA set to sell its stake in Thessakoniki-Thessaly Gas

DEPA, the Greek largest gas company, has agreed to sell its 51% stake in Thessaloniki-Thessaly Gas to the Italian firm Eni, which already has a 49% holding in the company.

Wed, 16 May 2018 14:31:32 GMT

Burundi is set to vote in referendum that might change President's power

Voters of Burundi were set to vote on Thursday in a referendum, which would allow the residing president Pierre Nkurunziza to stay in power until 2034.

Wed, 16 May 2018 14:29:50 GMT

EU leaders want to keep the Iranian nuclear deal alive

Various leaders of the European Union on Wednesday gathered to discuss how to keep the Iranian nuclear deal intact after the US withdrew from the deal.

Wed, 16 May 2018 13:02:37 GMT

Alawwal, SABB sign $5B merger to set up Saudi's third biggest bank

Saudi British Bank has agreed with Alawwal Bank on a merger worth $5B to establish the third largest lender in Saudi Arabia, both banks announced on Wednesday.

Wed, 16 May 2018 12:57:39 GMT

Germany's Merkel defends Iran nuclear deal

On Wednesday, the German Chancellor Angela Merkel has backed the Iran nuclear accord, after the United States rejected it, arguing the agreement is the best option to tackle concerns over Tehran's role in its nuclear missile programme.

Wed, 16 May 2018 12:33:49 GMT

Paddy Power Betfair in talks to acquire FanDuel

Paddy Power Betfair is reviewing to but FanDuel, the fantasy sports firm, as it seeks targeting the US sports betting market, Ireland's bookmaker stated on Wednesday.

Wed, 16 May 2018 12:28:24 GMT

Pizza Hut signs franchise deal with Telepizza, aiming at LatAm, Caribbean

On Wednesday, Pizza Hut stated it had clinched a franchise accord with the Madrid-based  Telepizza Group, seeking to establish the biggest pizza chain in the Caribbean and Latin America.

Wed, 16 May 2018 11:34:34 GMT

Vietnam seeks launching formal antitrust inquiry into Grab-Uber deal

On Wednesday, the Vietnamese trade ministry stated it was eyeing to lunch a formal inquiry into Grab's takeover of the Uber Technologies' Southeast Asia unit over possible violation of antitrust law.

Wed, 16 May 2018 11:29:25 GMT

VW's truks CFO resigns on personal reasons

On Wednesday, Volkswagen's CFO of its truck and bus unit Matthias Gruendler quitted, citing personal reasons, the company's spokesman stated, adding his successor has not been named yet.

Wed, 16 May 2018 10:01:25 GMT

Rouhani says Iran not to surrender to US pressure

The Iranian President Hassan Rouhani noted on Wednesday that Iran would not concede to US demands; a day after the US imposed new sanctions on the country.

Wed, 16 May 2018 09:59:57 GMT

CEO: Deutsche Boerse sees acquisitions as expansion strategy

Deutsche Boerse favours acquisitions as an expansion strategy, with priorities being fixed-income securities, currencies and others, the CEO Theodor Weimer said on Wednesday.

Wed, 16 May 2018 09:33:55 GMT

Novartis senior official quits amid Trump attorney deal

Felix Ehrat, the Novartis General Counsel, is set to leave his position at the Swiss drugmaker due to his role in a $1.2M contract with the US Personal Donald Trump's personal lawyer.

Wed, 16 May 2018 09:26:54 GMT

Guatemala sets up embassy in Israel's Jerusalem

On Wednesday, Guatemala has opened its embassy in the Israeli city of Jerusalem, a few days after the US moved there its embassy from Tel Aviv.

Wed, 16 May 2018 08:01:18 GMT

Tepper, Panthers close to finalise takeover deal

David Tepper, the hedge fund founder, is close to finalise a deal worth $2.2B next week to acquire Carolina Panthers from its founder Jerry Richardson.

Wed, 16 May 2018 07:56:50 GMT

TPG raises stake in Tanium, brings its value to $5B

The growth investment arm of TPG has lifted its stake in Tanium, providing a $175M investment and bringing the total value of the US cyber-security start-up to around $5B.

Wed, 16 May 2018 06:55:28 GMT

MediaMarktSaturn, Fnac sign MoU to form purchasing alliance

The German and French electronics retailers MediaMarktSaturn and Fnac Darty have signed a memorandum of understanding to form the EU purchasing alliance, as the firms seek to bolster their efficiency.

Wed, 16 May 2018 06:55:15 GMT

April Group in negotiations to buy Brazil's Lwarcel

Indonesia's April Group has entered the exclusive talks to buy Lwarcel Celulose, the Brazilian pulpmaker, sources familiar with the matter reported on Tuesday.

Wed, 16 May 2018 06:32:49 GMT

Twitter switches to new strategy to fight against Internet "trolls"

On Tuesday, Twitter has reconsidered its strategy on battling abusive Internet "trolls" by using behavioural signals to identify abusers on the platform and limiting their tweets visibility.

Wed, 16 May 2018 06:27:44 GMT

Amazon launches checkout-free stores in two US cities

Amazon.com is set to open its grocery stores without checkout lines in San Francisco and Chicago, the company stated this week, confirming reports over its expansion.

Wed, 16 May 2018 04:57:13 GMT

NYT: US investigates employees, banks of Cambridge Analytica

According to the New York Times, the FBI and the US Justice Department were investigating the political data firm Cambridge Analytica, including its employees and banks.

Wed, 16 May 2018 04:56:45 GMT

Starbucks aims to expand in Chinese market by 2022

Starbucks Corp plans to triple its revenue and add additional 3,000 stores in China by the end of 2022, the company explained in a statement.

Wed, 16 May 2018 04:15:13 GMT

Japan's GDP falls 0.6% in Q1Y2018

The Japanese economy contracted by 0.6% on an annualised terms during the first quarter of 2018, driven by weaker exports and a decline in consumption and investment.

Wed, 16 May 2018 04:10:18 GMT

China has approved fixed-asset investment projects worth $8.12B in April

The National Development and Reform Commission of China has approved 15 fixed-asset investment projects valued at $8.12B during the month of April.

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