News

Note: This section contains information in English only.
Mon, 30 Apr 2018 09:29:50 GMT

China's senior diplomat Wang to travel to North Korea soon

The Chinese government's senior official Wang Yi is set to travel to North Korea as soon as this week, following hopes for bringing peace to the Korean peninsula raised last week.

Mon, 30 Apr 2018 08:24:03 GMT

Iran: US, Saudi Arabia cooperation will deepen crisis in Middle East

Cooperation between the United States and Saudi Arabia would lead to greater crisis in the Middle East, a representative from the Iranian Foreign Ministry was quoted as saying.

Mon, 30 Apr 2018 08:16:54 GMT

British Home Secretary Rudd resigns

Amber Rudd has announced her resignation as the UK's Home Secretary amid immigration scandal.

Mon, 30 Apr 2018 07:08:54 GMT

Cambodia starts registering parties for July general election

On Monday, Cambodia has launched a registration of political parties ahead of the July general election, after the main opposition had been dissolved, giving a higher chance for the PM Hun Sen to win the vote.

Mon, 30 Apr 2018 07:05:22 GMT

Russia grants Uniper's stake purchase approval to Fortum

Fortum, the Finnish utility, announced it had received an approval from Russian authorities for the acquisition of up to 50% in its Germany's counterpart Uniper.

Mon, 30 Apr 2018 06:38:01 GMT

AccorHotels to buy Movenpick Hotels from Prince Alwaleed's firm

Kingdom Holding, the Prince Alwaleed bin Tatal's firm, has agreed with its partners to sell Movenpick Hotels & Resorts to AccorHotels, where Kingdom has a 5.7% stake, for the price of $567M.

Mon, 30 Apr 2018 06:32:43 GMT

Sainsbury's, Walmart's Asda to create supermarket powerhouse in UK

On Monday, Sainsbury's and Walmart's unit Asda confirmed their merger deal, formed to create the largest supermarket group by a market share in Britain, outracing the current leader Tesco.

Mon, 30 Apr 2018 05:29:13 GMT

Russia likely to approve Schlumberger's bid to buy EDC stake

Russia has granted a preliminary approval to the US oilfield services titan Schlumberger's acquisition of up t 49% of Eurasia Drilling Co stake.

Mon, 30 Apr 2018 05:23:55 GMT

Cable operators may be required to provide networks to third parties

German regulator considers demanding cable TV operators to open their network access to third parties, a requirement that could affect negotiations on the EU merger between Liberty Global and Vodafone.

Mon, 30 Apr 2018 04:33:31 GMT

WSJ reports US Marathon Petroleum to acquire Andeavor

According to the Wall Street Journal, Marathon Petroleum, the US refiner, is set to clinch an acquisition deal with Andeavor worth over $20B.

Mon, 30 Apr 2018 04:29:58 GMT

China's Baidu plans selling majority of its financial services unit

China's Baidu is planning to sell a majority stake in the company's financial services business to the TPG Capital Management-led consortium in a deal valued at about $1.9B.

Mon, 30 Apr 2018 02:51:00 GMT

Profit of Saudi Basic Industries grows 5.4% in Q1

Saudi Basic Industries, the largest petrochemicals producer in the Mideast, reported a 5.4% higher profit in the Q1 amid growing sale volumes and prices, in spite of $290M restructuring charge.

Mon, 30 Apr 2018 02:50:47 GMT

Prologis to buy DTC Industrial Trust for $8.4B

Logistics major Prologis is expected to acquire the company's smaller US rival DTC Industrial Trust in an $8.4B all-stock transaction, including the debt assumption, the companies stated.

Mon, 30 Apr 2018 02:25:58 GMT

Chinese factory PMI falls to 51.4 in April

China's factory PMI eased from 51.5 to 51.4 in April, adding to concerns on an anticipated loss of economic growth momentum amid debt risks and trade dispute with the US.

Mon, 30 Apr 2018 02:25:25 GMT

China's services PMI at 54.8 in April

The Chinese services PMI rose from 54.6 to 54.8 in March, as the sector expanded a strong run of solid activity, an official survey revealed.

Sun, 29 Apr 2018 20:08:14 GMT

T-Mobile, Sprint Corp optimistic about acquisition deal

The wireless carriers T-Mobile US Inc and Sprint Corp were optimistic about their ability to receive a permission for their deal from US regulators, both companies said on Sunday.

Sun, 29 Apr 2018 20:00:11 GMT

Walmart to purchase majority stake in India's Flipkart

The US-based retailer Walmart is planning to acquire majority stake in the Indian online company Flipkart in order to increase its market share.

Sun, 29 Apr 2018 18:03:23 GMT

Armenia not to prevent 'people's candidate' becoming PM

The ruling Republican party in Armenia stated on Sunday it would not prevent opposition leader Nikol Pashinyanhim from becoming the temporary Prime Minister if Parliament supported his candidacy.

Sun, 29 Apr 2018 17:59:49 GMT

Britain's Rudd faces criticism over deportation targets

The UK Interior Minister Amber Rudd faced wide criticism and multiple calls to resign amid her conflictive statements about whether the ministry has deportation targets.

Sun, 29 Apr 2018 17:10:03 GMT

Deutsche Telekom plan to return to comfort zone in three years

In result of acquisition of Sprint Corp by Deutsche Telekom's American unit T-Mobile, company's adjusted net debt will outdo its projected limit 2-2.5 times but will back to normal by 2021.

Sun, 29 Apr 2018 17:04:56 GMT

T-Mobile decides to acquire Sprint for $26B

The US T-Mobile announced on Sunday it will acquire Sprint Corp for proposed $26B, thus combining the market power of third and fourth biggest American wireless carriers.

Sun, 29 Apr 2018 16:07:56 GMT

Pompeo backs US-North Korean summit

In an interview to ABC News, the US Secretary of State Mike Pompeo said that there would be no deal if North Korea refused to agree to make "irreversible" steps towards denuclearization.

Sun, 29 Apr 2018 16:03:59 GMT

Pompeo expresses concern over Iran

After meeting with the Israeli Prime Minister Benjamin Netanyahu the US Secretary of State Mike Pompeo expressed concern about Iran plans to dominate the region.

Sun, 29 Apr 2018 15:05:44 GMT

QIA supports Asda takeover

According to source familiar with the matter, the largest shareholder in Sainsbury, Qatar Investment Authority (QIA), threatens positively merger negotiations with Walmart's Asda.

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