News

Note: This section contains information in English only.
Tue, 07 May 2019 10:14:45 GMT

Morocco to keep supplying Bombardier after sale

The Canadian planemaker Bombardier is set to sell its Moroccan component factory to a manufacturer, which plans to continue supplying Bombardier after the sale, the country's Industry Minister announced.

Tue, 07 May 2019 09:11:51 GMT

UniCredit seeks cutting stake in FinecoBank

UniCredit, the Italian largest bank, is planning to cut its stake in the online broker FinecoBank, taking steps to ensure that the unit could operate outside the company.

Tue, 07 May 2019 08:51:43 GMT

Germany's Lufthansa plans bid for Condor

Germany's largest carrier Deutsche Lufthansa is planning a non-binding bid for Condor, owned by Thomas Cook, seeking to acquire the British group's remaining airlines.

Tue, 07 May 2019 08:38:07 GMT

Iliad plans €2.0B mobile towers sale

Telecoms group Iliad is planning to sell its French and Italian mobile towers assets to Cellnex in a deal valued at €2.0B, seeking to boost the company's balance sheet and financial position.

Tue, 07 May 2019 07:33:42 GMT

JERA, Toyota Tsusho plans Goreway power station sale

On Tuesday, Toyota Tsusho and JERA stated they were planning a share sale in Canada's Goreway power station to to Capital Power in a deal worth $289M.

Tue, 07 May 2019 07:30:49 GMT

Brewer AB InBev looks for Asia unit's minority listing

The largest brewer in the world Anheuser-Busch InBev confirmed on Tuesday it was eyeing a minority stake listing of its Asian business, as the company seeks to establish a regional consumer goods leader.

Tue, 07 May 2019 06:39:12 GMT

Anadarko supports Occidental's revised offer

Anadarko Petroleum supported the $38B offer from Occidental Petroleum, pressuring the rival Chevron to lift its bid or walk away.

Tue, 07 May 2019 06:37:10 GMT

Vodafone, Telefónica Deutschland agree on deal

On Tuesday, Vodafone stated it agreed with Telefónica Deutschland to supply its high-speed broadband to help secure the EU approval for the planned merger deal with the Liberty Global cable networks in the Central Europe and Germany.

Tue, 07 May 2019 05:05:36 GMT

Asian shares recover

During the Asian trading session on Tuesday, Asian stock benchmarks recovered from a five week low level. The event is highly likely a consolidation that appears in the aftermath of sharp moves.

Tue, 07 May 2019 05:05:08 GMT

Hong Kong exchange plans to expand in China

On Tuesday the CEO of the Hong Kong's stock exchange Charles Li announced that the bourse is negotiating with Chinese authorities about expanding its storage operations in China.

Tue, 07 May 2019 04:34:48 GMT

Crude Oil remains steady

During the early hours of Tuesday's London session crude oil prices remained stable. Meanwhile, oil traders were waiting for developments in US sanctions on Iran and Venezuela.

Tue, 07 May 2019 04:34:15 GMT

Soft Bank plans IPO

On Tuesday, the Japanese bank SoftBank Group announce that it intends to monetize the $100 billion worth Vision Fund by doing an initial public offering of the fund's shares.

Tue, 07 May 2019 03:40:20 GMT

Tyson Foods to profit from hog fever in Asia

Tyson Foods stated that the meat processing industry of the US could reap significant financial gains from a shortfall in pork amid a hog disease spreading rapidly across Asia.

Tue, 07 May 2019 03:37:18 GMT

Papa John's founder considers stake sale

The founder of Papa John International John Schnatter was in talks with its financial advisers about the selling of stake in the firm, a regulatory filing revealed.

Tue, 07 May 2019 02:36:33 GMT

Kinder Morgan's gas pipeline project hit with tariff

The US pipeline operator Kinder Morgan is expected to pay a tariff over imported steel, which was used in a $1.75B natural gas pipeline project, the US Commerce Department ruled.

Tue, 07 May 2019 02:32:07 GMT

Japan's manufacturing PMI back to expansion

Japan's manufacturing activity extended in April for the first time in the three-month period, as firms hired more workers and rose more optimistic over the business outlook, a survey revealed.

Mon, 06 May 2019 20:26:58 GMT

US Senators criticize Facebook peace deal with FTC

On Monday, two US Senators, Richard Blumenthal and Josh Hawley, criticized a possible settlement between the Federal Trade Commission and Facebook over misuse of clients' personal data.

Mon, 06 May 2019 20:23:53 GMT

Fed points on US businesses debt

In a report published on Monday, the Federal Reserve highlighted the historical level of debt of American businesses, though it noted that, in general, the financial system is "resilient".

Mon, 06 May 2019 19:27:04 GMT

IMF praises Norwegian economy

The International Monetary Fund (IMF) stated on Monday that Norwegian economy was keeping the commendable growth rate and is expected to continue accelerating this year further.

Mon, 06 May 2019 19:23:00 GMT

China to abstain from nuclear talks

The Chinese Foreign Ministry Spokesperson Geng Shuang stated on Monday that the country would not participate in any kind of talks on conclusion of a nuclear disarmament deal with the US and Russia.

Mon, 06 May 2019 18:01:32 GMT

China is still preparing on US trade talks

The Chinese Foreign Ministry spokesperson Geng Shuang said on Monday that China's delegation was still planning to go to the US for trade discussions.

Mon, 06 May 2019 18:01:22 GMT

Global equity markets decline on Monday

Global stocks edged lower on Monday, as investors and traders seek safe-haven after the US President Donald Trump said he would sharply raise tariffs on Chinese goods this week.

Mon, 06 May 2019 17:00:13 GMT

Buffett says China-US trade war is bad for business

Warren Buffett, the Chairman of Berkshire Hathaway, said on Monday that a trade war between China and the United States would be "bad for the whole world".

Mon, 06 May 2019 16:27:51 GMT

US Dollar remains stable

On Monday, the US Dollar edged higher against a basket of major currencies after the US President Donald Trump threatened to hike tariffs on Chinese goods.

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