News

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Fri, 11 Jan 2019 19:20:10 GMT

Germany's EWE to offer investors minority stake soon

Germany's regional utility EWE is set to offer a 26% minority stake to its investors next month, in a bid that could value the group at up to $7.2B.

Fri, 11 Jan 2019 19:16:11 GMT

France's Elior expects bids for Areas unit by January-end

Elior, the French catering group, is expecting bids for the company's catering division Areas by the end of this month, seeking to raise up to €2.0B from the potential deal.

Fri, 11 Jan 2019 18:37:07 GMT

More firms raise interest in Oslo Bors

Oslo Bors, the Norwegian exchange operator, stated on Friday it had received interest for the company from parties other that Euronext, which had offered to acquire the firm for $720M.

Fri, 11 Jan 2019 18:33:50 GMT

Icahn builds stake in casino operator Caesars Entertainment

Carl Icahn, the billionaire investor, is set to build a stake in Caesars Entertainment, the news that sent the shares of the casino operator up 11.6% on Friday, according to CNBC.

Fri, 11 Jan 2019 16:59:47 GMT

Greek consumer price growth weakens in 2018

Greece's consumer prices rose at a 0.6% pace in the year of 2018, almost twice as slow as in the prior year, according to the report by the ELSTAT.

Fri, 11 Jan 2019 16:56:15 GMT

US consumer prices reveal first fall in nine months

The US consumer price dropped for the first time in the nine-month period in December due to a plunge in prices of gasoline.

Fri, 11 Jan 2019 16:23:51 GMT

Ford to cut more than 1K jobs in Britain

The US carmaker Ford announced plans to cut 1.15K jobs in the UK with nearly 1K job losses at the company's Bridgend engine plant in Wales.

Fri, 11 Jan 2019 16:21:40 GMT

GM pickup trucks to fuel earnings this year

General Motors stated that its revamped lineup of pickup truck is likely to boost 2019 earnings, while Cadillac is likely to be its lead EV brand, sending shares more than 8% up.

Fri, 11 Jan 2019 15:02:34 GMT

Infosys lifts its annual revenue growth forecast to 8.5-9%

On Friday, India's IT services firm Infosys raised its annual revenue growth estimates to 8.5-9% in the constant currency, from its previously announced 6-8%.

Fri, 11 Jan 2019 14:57:15 GMT

Accenture's head resigns amid health reasons

Accenture's CEO Pierre Nanterme is set to step down from his position amid health reasons, the outsourcing and consulting firm announced on Friday, and will be replaced by David Rowland.

Fri, 11 Jan 2019 14:37:03 GMT

SEAS-NVE, Enel join final bids for Danish power grid

SEAS-NVE and Enel have lined up the final bids for the Danish power grid worth around $2.9B sold by the energy firm Orsted, sources reported.

Fri, 11 Jan 2019 14:28:52 GMT

Fox has no intention to bid for Disney's sports networks

On Friday, 21st Century Fox stated it had no plans to bid for the regional sports networks owned by Walt Disney, which it might sell to receive the US approval for Fox's TV and film assets purchase.

Fri, 11 Jan 2019 13:38:55 GMT

Slack plans to go public via direct listing

Slack Technologies is planning to pursue a direct listing in the Q2, which could potentially make it the second large technology company, WSJ reported on Friday.

Fri, 11 Jan 2019 13:34:49 GMT

AB InBev explores partial listing of Asian business

The world's biggest brewer Anheuser-Busch InBev is considering to launch an initial public offering of its Asian business in a move that would help the firm to ease the debt burden.

Fri, 11 Jan 2019 12:25:59 GMT

Chinese retailers cut prices for iPhones amid sales warning

Several China's electronics retailers, such as JD.com and Alibaba's Suning have trimmed the prices for iPhones this week, as Apple blamed the smartphone poor sales in the country.

Fri, 11 Jan 2019 12:00:30 GMT

Germany's Prosieben denies speculations about takeover

On Friday, Germany's broadcaster ProSiebenSat.1 Media denied Frankfurter Allgemeine newspaper's speculations about the company's potential takeover by the local publisher Alex Springer.

Fri, 11 Jan 2019 10:44:21 GMT

Yuan books best week in more than a decade

As Friday's trading was ending in Asia, the Chinese Yuan had booked its best week of gains since 2005 when its value was untied from the US Dollar.

Fri, 11 Jan 2019 10:43:48 GMT

Stocks regain losses due to central banks

On Friday, global stock prices slightly recovered. The recovery was mostly fueled by the announcement that the Federal Reserve will not squeeze their monetary policy as previously intentioned.

Fri, 11 Jan 2019 10:39:01 GMT

Apple to roll out three new iPhones in 2019

Apple is set to launch three new models of iPhone in the current year, including successor to the tech giant's struggling XR phone model, according to the Wall Street Journal.

Fri, 11 Jan 2019 09:39:39 GMT

China's Geely denies selling Daimler's shares

On Friday, Zhejiang Geely Holding stated the company had not sold shares in the German automaker Daimler, denying Bloomberg's report about cutting 9.7% stake.

Fri, 11 Jan 2019 09:37:06 GMT

China's Wanda to launch sports unit IPO in US

China's Dalian Wanda Group filed for an initial public offering in the United States of its spots division, seeking to raise up to $500M, sources with a knowledge of the matter reported.

Fri, 11 Jan 2019 08:26:20 GMT

Brazil grants approval to Boeing-Embraer merger

The Brazilian government granted its approval for a merger between Boeing and Embraer planemakers, maintaining the previously proposed terms of the deal.

Fri, 11 Jan 2019 08:20:43 GMT

Alstom, Siemens to make new offers seeking EU approval for rail deal

The industrial groups Alstom and Siemens are in talks about additional divestments with the EU Commission to receive the approval for their Franco-German rail champion plan, according to Reuters.

Fri, 11 Jan 2019 07:28:38 GMT

Virgin Atlantic close to acquire Flybe

Virgin Atlantic-led consortium is nearing a deal to acquire Flybe Group, the British regional airline, according to Sky News report with no further details provided about the deal's financial terns.

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