News

Note: This section contains information in English only.
Mon, 21 May 2018 18:21:25 GMT

HMD Global raises $100M to boost growth

On Monday, CEO of HMD Global Florian Seiche stated that a company which owns exclusive rights to use Nokia brand on cell phones has attracted $100M of investments to boost its growth in the nearest few years.

Mon, 21 May 2018 18:07:21 GMT

Michelle and Barack Obama to produce films and series for Netflix

Netflix stated that the former President of the US Barack Obama and the former First Lady of the US Michelle Obama have signed an agreement with the streaming company to produce films, series and documentaries.

Mon, 21 May 2018 17:14:46 GMT

China plans to scrap birth limits by 2019

China is planning to end the limit imposed on the number of children in each family after decades of one-child policy due to the rapidly aging population and falling birth rates. 

Mon, 21 May 2018 17:08:32 GMT

Amazon Web Services plans to expand in Latin America

On Monday, Amazon executive claimed that a company is planning to expand its cloud operations service in Latin America after opening Amazon Web Services unit in Buenos Aires.

Mon, 21 May 2018 15:51:33 GMT

GE transportation unit to be merged with Wabtec in $11.1B deal

General Electric confirmed that the company was unloading the largest share of the transportation business, which makes engines for trains, to Wabtec Corp in a $11.1B worth deal.

Mon, 21 May 2018 15:50:59 GMT

Aston Martin prepares for more growth before possible flotation

Luxury Britain's car producer Aston Martin was still in the black in the March quarter of this year, though the company's pretax profit dropped amid weaker investments and US dollar.

Mon, 21 May 2018 15:18:13 GMT

LaSalle Hotel accepts $3.7B cash offer by Blackstone

LaSalle Hotel Properties announced the decision to sell itself to Blackstone Group for $3.7B in cash, rejecting an offer from Pebblebrook Home Trust.

Mon, 21 May 2018 15:17:27 GMT

US exports of commodities to China to increase due to trade talks

China promised to purchase more US-made goods to diminish American trade deficit and support the avoidance a trade war between the countries.

Mon, 21 May 2018 14:20:59 GMT

Pompeo: US to apply tough sanctions against Iran

On Monday, the US State Secretary Mike Pompeo stated that Washington would introduce the "toughest sanctions in history" against Tehran, following the US drop out of the Iran nuclear deal.

Mon, 21 May 2018 14:09:13 GMT

Blackstone plans purchase of LaSalle Hotel in $3.7B deal

Blackstone Group, the US private equity firm, announced on Monday it would acquire LaSalle Hotel Properties, the US hotel owner, in a deal valued at $3.7B.

Mon, 21 May 2018 13:33:04 GMT

Grab to tie-up with Malaysia's Maybank over mobile wallet

The ride-hailing service Grab is set to cooperate with Malaysia's largest bank Malayan Banking (Maybank), as it seeks to adopt its mobile wallet called GrabPay in the country.

Mon, 21 May 2018 13:27:18 GMT

Roper Tech plans takeover deal with PowerPlan

On Monday, Roper Technologies, the IT services provider, stated it would acquire the software firm PowerPlan in a $1.1B all-cash deal from the private equity group Thoma Bravo.

Mon, 21 May 2018 11:52:37 GMT

US and EU investors in talks to acquire Meezan Bank's stake

Six US and European investors, including Ruane, Cunniff & Goldfarb, RWC Partners and Tundra Fonder, are in discussion with Noor Financial Investment to acquire a combined 9.59% stake in the Pakistani top lender Meezan Bank.

Mon, 21 May 2018 11:52:25 GMT

US bank Fifth Third Bancorp sets to acquire MB Financial

On Monday, Fifth Third Bancorp, the US regional bank, stated it would acquire MB Financial, as part of their stock-and-cash accord worth around $4.7B.

Mon, 21 May 2018 11:29:42 GMT

IHS Markit to acquire smaller rival Ipreo in $1.86B deal

On Monday, the data company IHS Markit stated it would acquire its rival Ipreo from the private equity funds of Goldman Sachs and BlackStone Group in a deal worth $1.86B.

Mon, 21 May 2018 11:23:21 GMT

Paraguay sets up its embassy in Jerusalem

Paraguay has opened its embassy in the Israeli city of Jerusalem, becoming the second country that followed the United States in moving its embassy from Tel Aviv.

Mon, 21 May 2018 09:55:33 GMT

Stock markets surge during European session

Shares of European stock markets surged on Monday, as the US Dollars appreciation boosted exporting company stocks.

Mon, 21 May 2018 09:54:53 GMT

Bank of Japan can abandon inflation target timeframe

On Monday, the representatives of the Bank of Japan gained the approval from the country's government to drop the timeframe set for meeting an inflation target.

Mon, 21 May 2018 09:36:08 GMT

BWX receives $603.1M takeover bid from Bain Capital

Australia's BWX has received a takeover offer on Monday from the Bain Capital's two senior officers that valued the hair care and branded skin products marketer at $603.1M.

Mon, 21 May 2018 09:30:36 GMT

Ayala's AC Energy seeks to sell majority stake in coal unit

On Monday, the Ayala Corp's part AC Energy announced it seeks selling 50% of shares in its coal-fired energy unit to use funds from the potential deal to bolster its renewable business in Southeast Asia.

Mon, 21 May 2018 08:35:58 GMT

Italy's gaming regulator grants approval to Playtech on Snaitech deal

On Monday, the UK gambling technology firm Playtech stated it had received an approval from the Italian gaming regulator to acquire a majority stake in Snaitech, Italy's gaming and betting company.

Mon, 21 May 2018 08:30:42 GMT

Hitachi aims to acquire Elliott's shares in Ansaldo STS

Japan's Hitachi Rail is preparing to acquire Elliott's shares in Ansaldo STS, as it seeks to gain full control over the rail-signaling company, its CEO stated on Monday.

Mon, 21 May 2018 07:37:01 GMT

Generali seeks expansion in Latin America, Asia

The third-largest European insurer Generali's CEO Philippe Donnet stated the group was planning to expand in Brazil, Argentina and Asia, adding that its future growth would be organic.

Mon, 21 May 2018 07:32:20 GMT

China launches satellite to Moon's dark sides

On Monday, China has launched a satellite that deemed to build a connection link between the Earth and the Moon to explore its dark sides, the Xinhua news outlet reported.

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