News

Note: This section contains information in English only.
Mon, 15 Apr 2019 15:45:48 GMT

Bank of Japan could decrease interest rates

On Monday, the head of the Bank of Japan Haruhiko Kuroda announced to CNBC that interest rates could still be decreased. Bank of Japan already has negative interest rates, which are considered an anomaly of monetary policy.

Mon, 15 Apr 2019 15:07:07 GMT

Jet Airways extends flight suspension

The Chief Executive Officer of Jet Airways Vinay Dube announced on Monday that his managed company is suspending international flights up to Thursday. The company has not gained interim funding to continue its operations. The announcement hurt the company's stock price.

Mon, 15 Apr 2019 14:58:36 GMT

US officials comment on Venezuela

On Monday, US officials announced that the United States have not set a deadline for a change of government in Venezuela. Although, it was revealed that Nicolas Maduro will not remain in power.

Mon, 15 Apr 2019 14:57:38 GMT

Wall Street declines on Monday

As the US markets opened on Monday, Wall Street stock indices decline. The decline was attributed to the losses suffered by financial stocks. Namely, Goldman and Citigroup stock prices declined.

Mon, 15 Apr 2019 14:32:13 GMT

Asiana Airlines top shareholder to sell its entire stake

The key shareholder of the South Korean carrier Asiana Airlines has put its entire stake worth $442M up for a sale to keep the debt-ridden firm afloat and sending its shares up 30% on the news.

Mon, 15 Apr 2019 14:25:29 GMT

Credit Suisse to take majority of China CSFS

Credit Suisse is set to take the majority control of China's Credit Suisse Founder Securities joint venture, bolstering its stake to 51% from 33.3% through a capital injection.

Mon, 15 Apr 2019 13:37:13 GMT

EDF shares rise on re-nationalisation hopes

Shares in EDF surged as much as 4.3% this Monday amid hopes that the French utility's re-nationalisation can unlock its value and fence the capital-intensive nuclear activities of EDF from its grids and renewables.

Mon, 15 Apr 2019 13:31:15 GMT

Lundin Mining to take over Yamana Gold's mine

On Monday, Lundin Mining stated it would take over Yamana Gold's gold-copper mine in Brazil in a deal worth over $1.0B, seeking to boost the company's base metals portfolio, and sending Yamana Gold's shares up 7.4% to $2.75 on the news.

Mon, 15 Apr 2019 12:39:24 GMT

Siris Capital to acquire EFI

On Monday, the electronics for Imaging, the digital printing company, announced it would sell itself to the private equity company's affiliate Siris Capital Group in a deal valued at around $1.7B in cash.

Mon, 15 Apr 2019 11:09:45 GMT

Audi to sell stakes in development service vendors

Audi is planning a stake sale in its two development service vendors, seeking to shed 49% stake in PSW Engineering and divest its CSI Entwicklungstechnik division with the 700 staff.

Mon, 15 Apr 2019 11:00:37 GMT

AB InBev hires BAML, Citi for Asian IPO

Anheuser-Busch InBev, the biggest brewer in the world, has hired BAML and Citigroup to join the banks working on the planned Asia-Pacific initial public offering that could attract up to $5.0B.

Mon, 15 Apr 2019 09:54:56 GMT

EU backs reform that targets Facebook and Google

On Monday, nineteen EU countries agreed to remove a two decade old rule that did not allow the creation of new legislation, which would force Google into paying publishers for news on Facebook. The new law is aimed at filtering out protected content.

Mon, 15 Apr 2019 09:54:21 GMT

Yen drops to 2019 low level

On Monday, the Japanese Yen dropped to its 2019 low level. The Yen dropped due to various reasons. Among them was weak demand for safe haven currencies and a recent multibillion deal of a Japanese company with the EU.

Mon, 15 Apr 2019 09:39:45 GMT

Foxconn chairman Gou likely to resign

The Foxconn Chairman Terry Gou announced on Monday he was planning to step down from his position within the coming months, paving the way for the younger talents.

Mon, 15 Apr 2019 09:37:09 GMT

Toyota sells EV tech to China's Singulato

Toyota Motor agreed to sell its electric vehicle technology to the Chinese start-up Singulato, allowing the Asian company to accelerate the planned mini EV development.

Mon, 15 Apr 2019 08:36:40 GMT

UK's Brewin Dolphin plans Investec's arm buy

Brewin Dolphin, the British wealth manager, has entered talks to take over Investec's Irish wealth management business in a potential deal valued at $68M.

Mon, 15 Apr 2019 08:33:25 GMT

Trafigura Group to take control over Nyrstar

Trafigura Group agreed to take control over the Belgian mining and metals company Nyrstar amid a recapitalisation plan, Nyrstar announced on Monday.

Mon, 15 Apr 2019 07:32:34 GMT

Aramco takes Hyundai Oilbank's $1.2B stake

Saudi Aramco agreed to acquire a stake worth $1.2B in Hyundai Oilbank, the South Korean oil refiner, as the state-owned petroleum and national gas company seeks to expand its foothold in Asia.

Mon, 15 Apr 2019 07:18:47 GMT

Vivendi posts jump in Q1 sales

France's Vivendi reported on Monday its Q1 sales surged 10.7% from last year to €3.46B, boosted by the media conglomerate's recent takeover of the publishing business Editis and UMG music unit growth.

Mon, 15 Apr 2019 06:11:47 GMT

Trump's re-election campaign attracts over $30M in Q1

The re-election campaign of the US President Donald Trump raised over $30M in the current year's first quarter, outpacing the total attracted by individual Democratic nominees during that period.

Mon, 15 Apr 2019 06:11:37 GMT

Lyft removes e-bikes from three US cities

Lyft has removed thousands of its electric bikes from Washington, San Francisco and New York, after receiving complaints about braking, the ride-hailing service announced on Sunday.

Mon, 15 Apr 2019 05:28:00 GMT

VW seeks battery partners to set Gigafactories

Volkswagen is calling on its energy battery partners, including South Korea's SK Innovation, Samsung SDI and LG Chem, to establish electric vehicle battery plants that will have no less than one Gigawatt production capacity, its CEO Herbert Diess said on Monday.

Mon, 15 Apr 2019 05:20:39 GMT

Singapore's private home sales soar in March

Singapore's private home sales by developers surged 47.2% in March, compared to the same period last year, the country's Urban Redevelopment Authority showed on Monday.

Mon, 15 Apr 2019 04:36:11 GMT

Waste Management to purchase smaller rival for $2.9B

The Wall Street Journal announced in its Sunday report that the Houston-based Waste Management would buy its smaller competitor Advanced Disposal Services in an all-cash deal worth $2.9B.

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