News

Note: This section contains information in English only.
Mon, 12 Aug 2019 07:37:39 GMT

Sensor specialist AMS starts bidding war for Osram

On Sunday, Austria's sensor specialist AMS has launched bidding war for Germany's Osram, seeking to pay $3.8B for the lighting group's shares, topping Bain Capital and Carlyle offer by 10%.

Mon, 12 Aug 2019 06:35:10 GMT

NN Group head Friese to become new Aegon's CEO

Lard Friese, the NN Group CEO, is set to move to the competitor Dutch insurer Aegon, starting next year, to succeed the current Chief Executive Alex Wynaendts, the companies announced on Monday.

Mon, 12 Aug 2019 04:41:52 GMT

Air Canada lifts Transat purchase bid to C$720M

Canada's biggest airline Air Canada lifted the value of its bid to acquire Transat AT, the Canadian tour operator, to about C$720M, or C$18 for a share, both companies stated in a statement.

Mon, 12 Aug 2019 02:53:32 GMT

Goldman Sachs: US-China trade war leads to recession

Goldman Sachs stated that fears of the US-China trade war leds to a recession were increasing and that they no longer expect a trade deal between two countries before the US presidential election.

Mon, 12 Aug 2019 02:26:25 GMT

Private car sales fall markedly in Ireland

A total of 18.7K units of new personal vehicles were sold in Ireland last month, down 9.7% compared with the same period of last year, the latest report from the CSO revealed.

Sun, 11 Aug 2019 20:26:07 GMT

Sandvik's CEO to quit

Björn Rosengren, the CEO and President of Swedish equipment producer Sandvik AB, has decided to leave the company next February.

Sun, 11 Aug 2019 19:22:24 GMT

Germany suspends $39M aid to Brazil

According to Brazilian media, Germany has decided to cancel a $39M transfer to Brazil aimed at helping fight deforestation.

Sun, 11 Aug 2019 18:21:52 GMT

BlackRock takes $875M stake in Authentic Brands

On Sunday, BlackRock's Long Term Private Capital fund has completed acquisition of a $875M stake in Authentic Brands Group, thus becoming the company's largest shareholder.

Sun, 11 Aug 2019 17:30:37 GMT

US wants tougher UK stance on China

The White House National Security Adviser John Bolton stated on Sunday that he would try to persuade Britain to be tougher on China and Iran.

Sun, 11 Aug 2019 16:24:15 GMT

Hyundai to recall nearly 400K vehicles

Hyundai Motor Co stated on Sunday that it would recall 400,377 Tucson models from Chinese market due to upgrade programs responsible for engine control.

Sun, 11 Aug 2019 15:06:41 GMT

China gives green light to two IPOs

The China Securities Regulatory Commission on Sunday has given approval to Chengdu Tangyuan Electric and Nanhua Futures for the initial public offering (IPO).

Sun, 11 Aug 2019 14:32:27 GMT

China to allow foreign investments into HK stocks

On Sunday, Chinese authorities have allowed private equity products funded by foreign entities to invest in the stock market of Hong Kong.

Sun, 11 Aug 2019 13:00:28 GMT

Ford to expand R&D activity in China

According to Chinese officials, Ford Motors would build an R&D centre and operations centre in the city of Nanjing, eastern China.

Sun, 11 Aug 2019 12:07:11 GMT

RMB gold futures experience rapid growth

According to statistics, last week the RMB gold futures showed the highest price growth in eight years, closing on Friday at ¥345.9 a gram.

Sun, 11 Aug 2019 11:12:04 GMT

Number of US drilling rigs continues to decrease

According to the data published by Baker Hughes, the number of used drilling rigs in the US has decreased by eight last week, reaching 934 in total.

Sun, 11 Aug 2019 10:27:08 GMT

UK Johnson to meet Ireland's Varadkar

According to the Sunday Telegraph, the British Prime Minister Boris Johnson will meet the leader of Irish Fine Gael Leo Varadkar to discuss Brexit and the situation in North Ireland.

Sun, 11 Aug 2019 09:13:56 GMT

Argentina holds presidential elections

On Sunday, tens of thousands of Argentinians went to polling stations to elect a new president, which most likely would be either Mauricio Macri or his opponent Alberto Fernandez.

Sun, 11 Aug 2019 08:13:01 GMT

US trade frictions negatively affect Yuan

The Director-General of the People's Bank of China's International Department Zhu Ju stated on Sunday that the increased volatility of the country's national currency represented market reaction to the escalating US trade frictions.

Sun, 11 Aug 2019 07:19:30 GMT

SDIC receives approval from government regulator for London IPO

SDIC Power Holdings, the Chinese state-backed energy company, has received approval from government regulator to issue 10% of the company's share on the London Stock Exchange.

Sun, 11 Aug 2019 04:58:51 GMT

Beijing asks UK to stay out of China's internal affairs

On Saturday, Beijing urged the UK to back off from China's internal affairs after Dominic Raab, the British Foreign Secretary, asked for an independent probe into the recent protests in Hong Kong.

Sun, 11 Aug 2019 03:52:10 GMT

Salvini says Italy not thinking of leaving euro bloc

Matteo Salvini, the leader of Italy's League Party, said on Saturday that leaving the Eurozone single currency bloc was not an option on the table.

Sun, 11 Aug 2019 02:54:56 GMT

Kim ready to restart talks when US-Seoul military drills end

On Saturday, the US President Donald Trump said that the North Korean leader Kim Jong Un was ready to restart talks on missile and nuclear programs as soon as the US-South Korea joint drills end.

Sun, 11 Aug 2019 02:05:45 GMT

Juncker says no-deal Brexit will hurt UK more than EU

Jean-Claude Juncker, the outgoing President of the European Commission, said that a no Brexit deal would hurt the United Kingdom more than the European Union.

Sat, 10 Aug 2019 20:01:27 GMT

Lebanon's Riad gets A from Global Finance

Lebanon's Central Bank Governor Riad Salameh is one the world's best central bank governors for a fourth consecutive time, the US based Global Finance magazine reports.

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