News

Note: This section contains information in English only.
Wed, 22 May 2019 17:33:15 GMT

British house prices decline slightly

The average property price in the United Kingdom fell slightly 0.2% to $287.3K in March this year, compared with the prior month, the Office for National Statistics said.

Wed, 22 May 2019 17:31:02 GMT

Japanese goods trade surplus down 90%

Japan reported that its trade surplus tumbled 90.3% year-on-year to $546M in the reported month, due to falling exports amid lingering global trade issues, the country's government stated.

Wed, 22 May 2019 15:54:43 GMT

RBA seeks potential M&A deals in Croatia

Austria's Raiffeisenbank is seeking to clinch acquisition deals in Croatia as its organic growth alone would not be sufficient to bolster the company's market share, CEO of the bank's Croatia unit stated on Wednesday.

Wed, 22 May 2019 15:54:36 GMT

Italy puts ban on Sky amid Mediaset pay-TV deal

The Italian antitrust regulator has imposed three-year-long restrictions on Sky's Italy unit, banning it from sharing exclusive contents on the company's online service platform of video-streams due to the Mediaset pay-TV deal.

Wed, 22 May 2019 15:31:48 GMT

Ford signs partnership with Agility Robotics

Ford Motor has partnered with the developer of the walking robot, Agility Robotics, aiming to help its automotive delivery vans drop the packages at the homes' doorsteps.

Wed, 22 May 2019 15:18:08 GMT

Canopy Growth to acquire This Works for $55M

On Wednesday, Canopy Growth announced it would acquire the skincare firm This Works in a deal valued at $55.2M, adding sleep and beauty products to the Canada weed producer's cannabis oil, medical capsules and hemp portfolio.

Wed, 22 May 2019 14:40:00 GMT

Aurubis takes over Metallo recycler for $424M

The EU largest copper smelter Aurubis announced on Wednesday it agreed to acquire the Belgian-Spanish recycling firm Metallo Group in a $424M deal.

Wed, 22 May 2019 14:37:21 GMT

US Justice Dept seeks to block T-Mobile-sprint deal

The US Justice Department's antitrust unit staff is recommending to block the T-Mobile's $26B worth takeover of the smaller competitor Sprint, according to sources reporting on Wednesday.

Wed, 22 May 2019 13:32:52 GMT

Pret A Manger takes over rival EAT

Pret A Manger acquire its smaller competitor EAT, the UK coffee and sandwich shop chain, seeking to capitalise on the vegetarian and vegan market via its Veggie Pret unit.

Wed, 22 May 2019 12:59:21 GMT

Sony views phone business as indispensable

Sony is seeing the mobile device business as indispensable to the company's brand portfolio, its Chief Executive Kenichiro Yoshida stated on Wednesday, refusing investor calls that the Japanese group should scrap the struggling business.

Wed, 22 May 2019 12:31:35 GMT

Wirecard tie-up with India on issuing tax ID cards

Germany's payments firm Wirecard stated on Wednesday it was planning to team up with India to ease the tax ID cards issuing process required to open a bank account, transfer money or finalise business transactions.

Wed, 22 May 2019 12:06:23 GMT

British operator EE to launch 5G services

The UK largest mobile operator EE is set to roll out the 5G services already next week, not planning to offer its customers Huawei handsets due to the US trade restrictions imposed by Washington, which made the company's future unclear.

Wed, 22 May 2019 11:39:19 GMT

US-based Nuvei to take over UK's SafeCharge

Nuvei, the US payments technology company, stated it would acquire Britain's SafeCharge International Group in the all-cash deal worth $889M, as the company sought to expand its footprint in the electronic payments industry.

Wed, 22 May 2019 11:35:26 GMT

Ymobile to postpone Huawei P30 Lite launch

On Wednesday, SoftBank's budget mobile brand Ymobile stated it would postpone the rollout of the Huawei P30 Lite phone due to the US trade restrictions imposition on the Chinese producer.

Wed, 22 May 2019 09:42:10 GMT

Germany introduces research incentives

On Wednesday, German government approved the draft of a 1.25 billion euro program, which will support corporate research.

Wed, 22 May 2019 09:41:41 GMT

Commerzbank may adjust strategy

In the aftermath of the collapse of talks with Deutsche Bank, the CEO of Commerzbank Martin Zielke announced that the bank will adjust its operating strategy.

Wed, 22 May 2019 09:33:10 GMT

Chinese airlines ask Boeing for grounding compensation

Three Chinese largest airlines have sought compensation from the US jetmaker Boeing over losses they caused due to delayed deliveries and grounding of the 737 MAX aircraft.

Wed, 22 May 2019 08:59:42 GMT

Amgen bids to acquire Nuevolution in $167M deal

On Wednesday, the biggest biotechnology firm in the world, Amgen, stated it had made an offer to acquire Nuevolution, the Scandinavian biopharmaceutical company, for $166.8M.

Wed, 22 May 2019 08:37:16 GMT

El Salvador drops Slim's offer for Telefonica arm

The competition authority of El Salvador rejected a bid made by the Slim family-controlled Mexican telecoms company, America Movil, to acquire the local arm of Telefonica, it stated on Wednesday.

Wed, 22 May 2019 07:38:43 GMT

Brazil's Natura to acquire Avon Products for $2.0B

Natura Cosmeticos SA, the Brazilian make-up brand, agreed to acquire Avon Products in a stock deal worth over $2.0B, according to a Financial Times report seen on Wednesday.

Wed, 22 May 2019 06:39:26 GMT

Fortum makes advances in cooperation talks with Uniper

Fortum made a progress in discussions over cooperation with the energy group Uniper, where it holds a 49.99% stake, after the activist fund stood off from boosting its pressure on Finland's utility utility to gain full control.

Wed, 22 May 2019 06:33:43 GMT

Engie, EDP seek to become No. 2 offshore wind developer

Portugal's EDP and French utility Engie are set to make an investment worth $16.7B in a joint venture, seeking to become second-biggest offshore wind developer oil the world after Denmark's Orsted.

Wed, 22 May 2019 05:04:33 GMT

CVR Energy considers options including sale

Carl Icahn-backed US refiner CVR Energy is exploring possible strategic options, including selling itself, and hired BofA Merrill Lynch to advise on the process, it announced on Tuesday, sending the company's shares up 3.7% on the news.

Wed, 22 May 2019 04:57:23 GMT

PE groups bid for Anbang's US luxury hotels portfolio

The private equity groups such as Brookfield Asset Management, Mirae Asset Management, Fortress and Blackstone are bidding for the Anbang Insurance's US luxury hotels business portfolio worth up to $5.8B, according to the Financial Times.

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