News

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Mon, 07 May 2018 11:36:06 GMT

Cognizant's Q1 revenue surges 10%

Cognizant Technology Solutions, the IT services company, reported on Monday its revenue surged around 10% in the Q1, driven by the higher clients' spending in the financial and healthcare industries.

Mon, 07 May 2018 10:30:47 GMT

US oil surpasses $70 and dollar moves towards 2018 high

Oil prices soared to their maximum since late 2014 during Monday, while dollar's heading towards 2018 high and worries about United States re-imposing sanctions on Iran continued.

Mon, 07 May 2018 10:19:48 GMT

Trump force for conservative judges increases

US President Donald Trump continues to work towards creating the federal judiciary much more conservative, and his fellow Republicans are ready to confirm his picks.

Mon, 07 May 2018 09:37:38 GMT

Carlyle aims to finalise new Asia fund at $6.5B

Carlyle Group is aiming to finalise its largest-ever new Asia private equity fund at $6.5B, following an initially targeted value of $5B that had a strong investors' response, which made the firm raising the fund.

Mon, 07 May 2018 09:32:50 GMT

IFF to sign $7.1B acquisition deal with Israel's Frutarom

On Monday, International Flavors and Fragrances agreed to acquire Israel's Frutarom, flavours and ingredients supplier, in a deal valued at $7.1B in stock and cash.

Mon, 07 May 2018 08:26:21 GMT

Ping An Good Doctor's shares drop 11% on valuation worries

Ping Am Good Doctor's shares plunged as much as 11% on the second trading day on Monday below the IPO price on the investors worries over the high valuations for such a loss-making company.

Mon, 07 May 2018 08:25:05 GMT

Nokia buys US software maker SpaceTime Insight

On Monday, Nokia announced it had acquired SpaceTime Insight, the US software supplier for industrial customers to manage assets and devices across their network, not providing any further details on the deal.

Mon, 07 May 2018 07:29:11 GMT

Flipkart yet to close deal to sell stake to Walmart

Flipkart, India's e-commerce firm, is yet to finalise its deal to sell about 75% majority stake to Walmart for around $15B, sources familiar with the matter reported.

Mon, 07 May 2018 07:24:46 GMT

Blackstone to finalise F&R acquisition deal in late summer

The US private equity firm Blackstone is expected to close its $20B acquisition of Financial and Risk's majority stake in late summer, as the targeted July 1 date seems highly unlikely due to regulatory requirements.

Mon, 07 May 2018 06:34:41 GMT

Nestle to pay Starbucks $7.15B in coffee alliance

Nestle has revealed the value of its tie-up with Starbucks, saying it would pay $7.15B to the US coffee company to market its products globally outside Starbucks' coffee shops.

Mon, 07 May 2018 06:31:12 GMT

Newell plans to sell Waddington in $2.3B deal

Newell Brands announced it was planning to sell Waddington Group, its plastic packaging business, in a deal worth $2.3B, reporting its shares rose 6% to $28.29 on the announcement.

Mon, 07 May 2018 05:03:48 GMT

OC Oerlikon seeks IPO for drive systems business in 2018

OC Oerlikon, the Swiss tech group, is preparing the IPO for its drive systems division by the mid-year, as it seeks raising cash for the other parts of the business, sources close to the issue reported.

Mon, 07 May 2018 04:54:23 GMT

Anglo American to halt investment in Nautilus

Anglo American, the diversified miner, is set to terminate the investment in the deep sea mining firm Nautilus Mining, as part of the prioritisations of its portfolio on the company's largest resource assets.

Mon, 07 May 2018 04:34:03 GMT

FT: Swiss Re-SoftBank talks over taking stake are faltering

On Sunday, the Financial Times stated that the talks between SoftBank and Swiss Re about Japan's firm taking a stake in the Swiss reinsurer are close to collapsing, following three months of discussions.

Mon, 07 May 2018 04:27:53 GMT

Amazon makes unsuccessful attempt to buy Waitrose last year

Amazon's Special Projects Vice President Ajay Kavan made an unsuccessful and informal attempt to acquire Britain's supermarket chain Waitrose in the end of 2017, according to sources familiar with the matter.

Mon, 07 May 2018 03:08:00 GMT

RBNZ seen keeping rates unchanged

The Reserve Bank of Australia was widely expected to keep the key interest rate at its record low of 1.75% at Thursday's monetary policy meeting, a Reuters poll found.

Mon, 07 May 2018 03:07:03 GMT

Australia's PM flags infrastructure spend, tax cuts

Australia's Prime Minister Malcolm Turnbull flagged a multi-billion dollar spend for infrastructure and promised to cut taxes for earners of lower income.

Mon, 07 May 2018 02:33:26 GMT

Spanish Caixabank set to de-list Portugal's BPI

Spain's lender Caixabank stated that it agreed to increase the stake in BPI and targeted a full takeover ahead of the Portuguese bank's de-listing.

Mon, 07 May 2018 02:32:11 GMT

Reece to purchase US plumbing equipment distributor

Australia's Reece stated that it would purchase the US-based waterworks and plumbing equipment supplier MORSCO for $1.44B.

Sun, 06 May 2018 17:50:51 GMT

Rights groups will challenge French government on Monday

Droit Solidarite and Aser, which specialize in armament issues, are set to legally challenge the French government on Monday.

Sun, 06 May 2018 17:50:40 GMT

Activists pressure Emmanuel Macron

The President of France has come under pressure from local activists to decrease ties with the Arab coalition, which is fighting in Yemen.

Sun, 06 May 2018 16:53:25 GMT

French government faces pressure due to arms sale

Two activist groups in France are complaining to the government due to the government selling arms to UAE and Saudi Arabia.

Sun, 06 May 2018 16:53:15 GMT

Lebanon votes in general election

On Sunday, the Lebanese people voted in the first general election for the last nine years. However, the event was unlikely to change the balance of power in the country.

Sun, 06 May 2018 15:50:37 GMT

French government pressures Air France

As strikes continue to impact the business of Air France, the French government has been revealed to be pressuring the company to reform.

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