News

Note: This section contains information in English only.
Mon, 08 Apr 2019 09:07:23 GMT

French utility Engie seals $8B Petrobras' TAG pipeline

On Monday, France's utility Engie-led consortium sealed an $8.6 billion deal to purchase Petrobras' TAG pipeline.

Mon, 08 Apr 2019 08:16:37 GMT

Single European currency nears one-month low

On Monday, the Eurozone single currency remained near a one-month low, as investors and traders await the ECB meeting this week.

Mon, 08 Apr 2019 08:15:45 GMT

Demand for Saudi Aramco's bond surges

Khalid al-Falih, the Saudi Arabian Energy Minister, said on Monday that the demand for Aramco's bond is higher than $30B.

Mon, 08 Apr 2019 07:20:35 GMT

UK government to continue talks with Labour

The British Minister of Culture Jeremy Wright stated on Monday that negotiations between the government and the Labour Party would continue today and throughout the week.

Mon, 08 Apr 2019 07:15:44 GMT

Aramco's bond value likely to exceed $30B

The Energy Minister of Saudi Arabia Khalid al-Falih stated on Monday that the value of selling Saudi Aramco's bonds is expected to exceed $30B.

Mon, 08 Apr 2019 06:17:24 GMT

Carlyle prepares to buy stake in Cepsa

The US buyout company Carlyle Group stated on Monday that it has agreed to acquire a 30-40% stake in Spanish Cepsa for $4.8B.

Mon, 08 Apr 2019 06:14:44 GMT

SBI names terms for Jet Airways deal

State Bank of India, the head of Jet Airways lenders, stated on Monday that whoever is considering acquiring a stake in the airline company should take and settle its debt obligations.

Mon, 08 Apr 2019 05:16:58 GMT

China to increase infrastructure spending

The China's National Development and Reform Commission stated on Monday that the country would continue increasing spending on infrastructure projects in order to give an impulse to the slowing economy.

Mon, 08 Apr 2019 05:12:27 GMT

US Nielsen resigns

The US Homeland Security Secretary Kirstjen Nielsen resigned on Sunday amid the increasing number of migrants arriving in the US-Mexico border.

Mon, 08 Apr 2019 04:25:33 GMT

Oil rises amid supply cuts

Crude oil prices surged by 37 cents or 0.6% on Monday morning, reaching $63.45 per barrel, amid supply cuts made by OPEC countries as well as maintenance of sanctions against Venezuela and Iran.

Mon, 08 Apr 2019 04:21:38 GMT

Nissan likely to sue Ghosn

The Nissan Motor Co CEO Hiroto Saikawa stated on Monday that the company most probably would claim damages against its former director Carlos Ghosn because of his financial misconduct.

Mon, 08 Apr 2019 02:59:16 GMT

UK set for online regulations against harmful content

The UK proposed new online safety regulations, which would slap penalties over social media and technology firms, if they fail to protect any user from harmful content.

Mon, 08 Apr 2019 02:55:35 GMT

BoJ: economy to expand moderately

Haruhiko Kuroda, the Bank of Japan Governor, stated the country's economy was anticipated to keep expanding moderately, although output and exports could feel the pinch from weakening overseas demand.

Mon, 08 Apr 2019 02:37:54 GMT

KPMG to overhaul UK business

KPMG announced plans for its British operations' overhaul to create an independent audit company, regardless of decision by the competition regulator to trigger a break-up of the Big Four accounting firms, The Times' report showed.

Mon, 08 Apr 2019 02:33:43 GMT

Carlyle to buy 30% stake in Cepsa

Carlyle Group agreed to buy a 30% stake in Spain's oil and gas firm Cepsa from a sovereign wealth fund of Abu Dhabi in a $3.6B deal with debt, the Financial Times stated.

Sun, 07 Apr 2019 20:26:54 GMT

Dubai Islamic Bank seeks acquiring Noor Bank

United Arab Emirates' Dubai Islamic Bank has entered talks to take over the Dubai-based Noor Bank, according to Bloomberg's report seen on Sunday, in a potential deal that could be valued at $75 billion in assets.

Sun, 07 Apr 2019 20:09:04 GMT

Jet Airways stake sale likely to be delayed

A stake sale in the Indian troubled Jet Airways is likely to be postponed due to the reason that lenders need to receive more clarity from India's central bank, according to the Business Standard's statement published on Sunday.

Sun, 07 Apr 2019 19:20:25 GMT

China's FX reserves to continue growing

According to report published by the China's State Administration of Foreign Exchange, the country's foreign exchange reserves increased by $8.6B or 0.3%, reaching $3.0988T.

Sun, 07 Apr 2019 19:16:53 GMT

China's Li starts European tour

Starting from Monday, the Chinese Prime Minister Li Keqiang will pay an official visit to several European countries to strengthen ties and reaffirm commitment to common strategic goals.

Sun, 07 Apr 2019 17:58:14 GMT

Malaysian exports decline in February

Malaysia's exports decreased 5.3% year-over-year to $16.3B in the month of February, hitting the weakest rate since August 2016.

Sun, 07 Apr 2019 17:57:50 GMT

Elbit to acquire US night vision company

Elbit Systems, the largest non-state defence company of Israel, stated that its US subsidiary signed a deal with Harris Corp. to buy its night vision business for $350M.

Sun, 07 Apr 2019 17:02:12 GMT

Israel Electric, Leviathan deal over interim natural gas supply

Israel Electric and the Leviathan agreed over the short-term deal to supply natural gas, which is estimated to reduce costs and save up to $175M.

Sun, 07 Apr 2019 17:01:29 GMT

Chinese gold reserves increase in March

China increased the country's gold reserves for the fourth month in succession in March to amount 60.62M ounces, the People's Bank of China reported.

Sun, 07 Apr 2019 16:31:56 GMT

Turkish AK Party seeks all Istanbul votes' recount

AK Party of the President Tayyip Erdogan is set to ask Turkey's electoral board for a recount of all Istanbul's votes cast in elections, an official stated.

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