News

Note: This section contains information in English only.
Fri, 26 Apr 2019 19:00:54 GMT

US Dollar decline on Friday

On Friday, the US Dollar declined against its peers, the dollar index, which measures the Buck against six major currencies, was at 0.33% lower.

Fri, 26 Apr 2019 17:53:22 GMT

Global equity markets edge higher

On Friday, global equity markets edged higher, as data showed that the US Gross Domestic Product increased at a 3.2% annualised rate.

Fri, 26 Apr 2019 17:53:10 GMT

US stocks decline on Friday

On Friday, Wall Street edged lower, as technology stocks were hit by Intel's first-quarter results, while investors and traders monitored data, that showed that the US GDP increased at 3.2%.

Fri, 26 Apr 2019 17:02:10 GMT

US auto sales expect to decline by 3.5% in April

LMC Automotive and JD Power said on Friday that the US vehicle sales are expected to decline by 3.5% in April.

Fri, 26 Apr 2019 17:02:03 GMT

Exxon Mobil reports 49% fall in Q1 profits

On Friday, Exxon Mobil Corp posted a 49% decline in the Q1 earnings. The decline was attributed to lower oil and gas prices.

Fri, 26 Apr 2019 16:07:52 GMT

US announces new sanctions on Venezuela's judge and foreign minister

On Friday, the US Treasury Department imposed sanctions on the Venezuelan Foreign Minister Jorge Arreaza and a Venezuela's judge Carol Padilla.

Fri, 26 Apr 2019 16:06:39 GMT

Canada reports budget surplus

On Friday, Canada reported a larger budget surplus of C$3.1 billion in the first eleven months of the 2018/2019 fiscal year.

Fri, 26 Apr 2019 15:34:39 GMT

Renault to offer joint holding group to Nissan

France's Renault is set to offer Nissan Motor to establish their joint holding company in order to grant both carmakers an equal footing amid French company's intention to further integrate with its Japan's partner, according to Nikkei's report seen on Friday.

Fri, 26 Apr 2019 15:28:37 GMT

PE, rivals explore buying Senvion

Private equity companies and Large wind turbine firms have expressed their interest in acquiring the insolvent Germany's group Senvion, its CEO Yves Rannou told in an interview to Reuters, marking his positive surprise over a high demand from the sector's giants.

Fri, 26 Apr 2019 14:23:23 GMT

Sibanye-Stillwater lowers Lonmin's valuation

South African group Sibanye-Stillwater has reviewed its proposal for Lonmin on Thursday, marking the valuation of the platinum miner £60B less than the initial price and giving it a new one worth £226M after the revised offer.

Fri, 26 Apr 2019 14:13:09 GMT

SCOR's head plans to fight for job against activist fund

SCOR's Chief Executive Denis Kessler is eager to fight for his position against activist fund on the back of the touch-and-go vote during the company's annual shareholder meeting.

Fri, 26 Apr 2019 12:28:46 GMT

Commerzbank to seek alternative merger deal

One of the key Commerzbank shareholders stated the collapse of tie-up talks between the lender and Deutsche Bank was good news and that Commerzbank was likely to seek for an alternative merger with another EU rival.

Fri, 26 Apr 2019 12:26:08 GMT

Aurelia Metals considers Glencore copper mine takeover

On Friday, Australia's miner Aurelia Metals stated it had entered talks about a potential acquisition of the Glencore copper mine, after the copper firm Aeris Resources failed to reach an deal with Glencore on the $575M proposal to acquire the mine.

Fri, 26 Apr 2019 11:23:05 GMT

Brazil's Natura enters talks with Avon

Natura Cosmeticos, the Brazilian cosmetics firm, announced it is in negotiations to acquire Avon Products with a possible decision to be unveiled within the coming weeks, if talks go well.

Fri, 26 Apr 2019 11:19:35 GMT

PayPal plans $500M investment in Uber

PayPal Holdings, the online payments company, is planning a $500M investment in Uber Technologies as the ride-hailing service prepares to reveal the initial public offering terms on Friday, according to Refinitiv IFR.

Fri, 26 Apr 2019 10:37:54 GMT

Noble Midstream Partners set up for sale

Noble Midstream Partners, a pipeline operator owned by the US gas and oil production group Noble Energy, is set up for a sale, amid owner's intention to shift focus on its on core operations to and minimise expenses and maximise returns.

Fri, 26 Apr 2019 10:32:45 GMT

Sprint, T Mobile face FCC concerns on merger

Sprint and T Mobile US are facing new concerns from the Federal Communications Commission over its planned tie-up deal, despite the companies' executives vow the combined group will have an incentive to cut prices.

Fri, 26 Apr 2019 09:37:14 GMT

Petrobras signs rights sale deal with Malaysia's Petronas

Brazil's Petroleo Brasileiro stated it had signed a deal to sell 50% of Petrobas' production and exploration rights in its two offshore fields to Malaysia's Petronas for $1.29B.

Fri, 26 Apr 2019 09:34:16 GMT

EU Commission postpones ThyssenKrupp-Tata deal review

The EU Commission has extended its deadline for a review of the joint venture agreement between Tata Steel and ThyssenKrupp by seven labour days to June 17, according to its website post on Friday.

Fri, 26 Apr 2019 08:34:44 GMT

Berkshire Hathaway may repurchase $100B stock

The conglomerate Berkshire Hathaway could buy back as much as $100B of its stock, not providing any time frame, the Financial Times reported on Thursday, citing the billionaire Warren Buffett.

Fri, 26 Apr 2019 08:29:56 GMT

Continental postpones IPO to 2020

On Friday, Continental AG announced it would postpone its powertrain initial public offering to the next year after reporting a 17% fall in its Q1 operating profit, tumbled by higher investments and a downturn in vehicle demand.

Fri, 26 Apr 2019 07:36:05 GMT

Roche's Spark deal delayed amid FTC review

On Friday, Roche announced it would again extend its $4.3B proposal for Spark Therapeutics, the gene therapy specialist, until June 3 due to the Federal Trade Commission's review of the potential deal.

Fri, 26 Apr 2019 07:33:15 GMT

Uber set to unveil IPO terms on Friday

Uber Technologies, the ride-hailing company, is set to announce its initial public offering terms on Friday, telling its investors it seeks to get a valuation of $80B-$90B, according to sources close to the matter.

Fri, 26 Apr 2019 05:15:53 GMT

China's Xi names BRI goal

The Chinese President Xi Jinping stated on Friday that the goal of the Belt and Road initiative (BRI) was the creation of a new platform for global trade and a mutually beneficial cooperation among its participants.

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