News

Note: This section contains information in English only.
Thu, 09 May 2019 19:57:05 GMT

Copa Airlines confident about Boeing's 737 MAX jets

On Thursday, Panama's Copa Airlines stated it was fully confident about its Boeing's 737 MAX aircraft, which had been grounded across the world since March due to two fatal crashes, adding the carrier expected the planes to resume operations starting from August.

Thu, 09 May 2019 19:35:26 GMT

LafargeHolcim's Philippines operations to be sold for $2.15B

The world's biggest cement maker LafargeHolcim is planning a sale of its Philippines business to San Miguel Corporation, the infrastructure group, in a deal valued at $2.15B, as the group keeps selling off its divisions in fringe markets.

Thu, 09 May 2019 19:31:12 GMT

Reliance Industries takes toy retailer Hamleys

The Indian the energy-to-telecoms group Reliance Industries announced on Thursday it had taken over the UK toy retailer Hamleys, not disclosing the financial terms of the deal; however, it is known that C Banner acquired the British firm for £100M in 2015.

Thu, 09 May 2019 17:51:10 GMT

EU countries reject ultimatums from Tehran

On Thursday, European countries stated that they wanted to save Iran's nuclear deal, as the Foreign Ministers of Britain, France and Germany rejected a 60-day deadline from Tehran.

Thu, 09 May 2019 17:51:00 GMT

British PM May meets with DUP

On Thursday, the UK Prime Minister Theresa May held talks with the leader and senior member of the Democratic Unionist Party, her spokesperson stated.

Thu, 09 May 2019 16:53:06 GMT

PSA in advanced talks with Tata Motors to acquire JLR

According to a report by the British news agency, the French automotive group PSA was in advanced discussions with India's Tata Motors to acquire Jaguar Land Rover.

Thu, 09 May 2019 16:52:57 GMT

Telia faces EU antitrust investigation

According to two people with knowledge of the matter, the Nordic telecoms operator Telia's faces EU antitrust investigation of $954 million over the Bonnier Broadcasting deal.

Thu, 09 May 2019 16:13:25 GMT

US trade deficit with China at five-year low

The US Commerce Department announced on Thursday that the United States goods trade deficit with China reached five years low in March.

Thu, 09 May 2019 16:13:16 GMT

US SEC plans to change accelerated filer definitions

On Thursday, the US Securities and Exchange Commission voted to change the definitions of "accelerated filer" for public companies.

Thu, 09 May 2019 15:15:54 GMT

US stocks slide on Thursday

Wall Street edged lower on Thursday. The decline was attributed to the rising trade tensions between the United States and China.

Thu, 09 May 2019 15:14:52 GMT

Chevron abandons takeover bid for Anadarko

On Thursday, Chevron Corp's Chief Executive Officer Michael Wirth said that the company had abandoned its bid to takeover Anadarko Petroleum Corp.

Thu, 09 May 2019 14:27:34 GMT

Novartis acquires Takeda's dry eye drug for $5.3B

Novartis is acquiring the dry eye Xiidra drug from Takeda Pharmaceuticals in a deal valued at $5.3B, amid Swiss drugmaker's intention to renew the ophthalmic medicines portfolio.

Thu, 09 May 2019 14:13:15 GMT

Kraft Heinz to sell baby food brand

Kraft Heinz, the US packaged food group, launched a sale of the baby food unit Plasmon, including preliminary offers due by the following week's end, sources familiar with the issue reported on Thursday.

Thu, 09 May 2019 13:27:56 GMT

US initial jobless claims plunge 2K last week

The number of applications for US unemployment benefits decreased 2K to 228K in the week ending May 4, still beating analysts' estimates for a drop to 215K from the previous 230K reading.

Thu, 09 May 2019 13:23:11 GMT

Google rolls out cheaper Pixel smartphone

Google rolled out affordable models of the Pixel smartphone at the price of $399 and clinched an exclusive distribution deal in the Us with Verizon Communications, marking a significant shift in its hardware strategy.

Thu, 09 May 2019 12:38:01 GMT

Sprint posts deeper losses in subscribers in Q4

Sprint reported it had lost more phone subscribers than feared in its Q4 despite discount offering, lifting concerns regarding the wireless carrier's sustainability, if the on-going merger deal with T-Mobile was not approved.

Thu, 09 May 2019 11:31:44 GMT

Statkraft to expand EV charging in UK, Germany

On Thursday, the Norwegian utility Statkraft's CEO stated the company was planning an expansion of its EV charging service in Britain and Germany, seeing to snap up more power factories by the 2019-end.

Thu, 09 May 2019 11:28:01 GMT

Brazil's Nubank establishes new office in Mexico

Brazil's fintech company Nubank is set to launch a new office based in Mexico next week, seeking expansion into Latin America, the firm's executive stated on Thursday.

Thu, 09 May 2019 10:38:15 GMT

Agile Group expands into NEVs with We Solutions

Agile Group, the Guangzhou-based property developer, is planning to expand into the new energy vehicles, partnering with We Solutions, the EV technology provider, aiming to develop automobiles and build towns intended for NEVs.

Thu, 09 May 2019 10:31:55 GMT

Metro enters talks on Real hypermarkets sale

Metro has entered exclusive talks on its Real hypermarkets' sale to a Redos-led consortium, Germany's retailer announced on Wednesday, saying it was taking an impairment charge worth $431M on the struggling chain.

Thu, 09 May 2019 09:31:08 GMT

Edgewell to take shaving firm Harry's for $1.37B

Edgewell Personal Care is set to make a bid to acquire the US shaving start-up Harry's in a cash-and-stock deal worth $1.37B, according to a New York Times report seen on Thursday.

Thu, 09 May 2019 09:26:24 GMT

Britain's Ocado acquires Kakakuri's stake

On Thursday, UK online grocer Ocado stated it had acquired an 18% minority stake in the robotics start-up Kakakuri, investing $6.2 in the deal.

Thu, 09 May 2019 08:35:18 GMT

SoftBank beats earnings

The Japanese based conglomerate SoftBank Group announced on Thursday that it has beat its annual profit forecast. The stock price of the bank surged due to the announcement.

Thu, 09 May 2019 08:34:35 GMT

SoftBank doubles dividend pay-out

On Thursday, SoftBank announced that the bank is doing a stock split. Although, the dividend per share is going to remain unchanged. This will effectively double the pay-out that the shareholders will receive.

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