News

Mon, 13 Aug 2018 19:08:17 GMT

Musk's talking to Saudi fund about buyout financing

On Monday, CEO Elon Musk said he has been discussing with Saudi Arabia's wealth fund and other likely backers about his plan to take the company private.

Mon, 13 Aug 2018 19:06:42 GMT

Peter Strzok is fired from FBI over Anti-Trump texts

On Monday, the FBI announced the firing of Peter Strzok. The agent, who sent text messages disparaging Donald Trump during the 2016 Presidential campaign.

Mon, 13 Aug 2018 18:24:24 GMT

Oil declines by 2%, as Crude inventories dwindle at Cushing

Oil prices fell lower on Monday after data showed crude inventories at the US delivery hub increased in the current week. Meanwhile, Crude stockpiles at Cushing have been declining.

Mon, 13 Aug 2018 18:18:43 GMT

Russian Rouble hits two-year low

The Russian Rouble reached a two-year low level against the US Dollar on Monday, as pressured from emerging market weighed heavily on the currency.

Mon, 13 Aug 2018 17:09:32 GMT

European shares fall to three weeks low

Turkey's turmoil continued to rattle global markets on Monday, as banks exposure to Turkish currency dragged European stocks lower.

Mon, 13 Aug 2018 17:08:00 GMT

Turkish Lira pauses decline

On Monday, Turkish Lira reversed from its lowest level of 7.24 against the US Dollar, after Turkey's Central Bank promised to provide liquidity.

Mon, 13 Aug 2018 14:55:38 GMT

China new loans better than expected in July

China's banks extended $210.69B in net new loans over the month of July, as a increasing trade battle with the US threatened to pile additional pressure on the slower economic growth.

Mon, 13 Aug 2018 14:50:44 GMT

Saudis cut oil production, as OPEC points to surplus next year

OPEC expected lower demand for crude in 2019, as rivals pumped more, and stated that top oil exporter Saudis cut its production, eager to avoid a oversupply return.

Mon, 13 Aug 2018 14:38:52 GMT

Music labels group Impala calls on EU to ban Sony's bid for EMI

Impala, the independent music labels company, urged the European antitrust regulator to halt Sony's $2.3B bid for the EMI control, seeking to become the biggest music publisher in the world, as Impala sees too much power on the market.

Mon, 13 Aug 2018 14:32:25 GMT

Netflix CFO Wells to leave video streaming company

On Monday, the video streaming company Netflix announced that David Wells, its Chief Financial Officer, would step down after being eight years at this position.

Mon, 13 Aug 2018 13:38:45 GMT

Ensign to acquire Trinidad Drilling for C$947M

Ensign Energy Services, Canada's oilfield services provider, announced about its plans on Monday to acquire Trinidad Drilling in a deal worth C$947M including debt.

Mon, 13 Aug 2018 13:36:25 GMT

Brazilian Congress to be consulted on Embraer-Boeing deal

The Brazilian Congress should be weigh in on the US planemaker Boeing's plan to acquire Embraer's commercial jet unit, Brazilian lower house's speaker stated on Monday.

Mon, 13 Aug 2018 11:37:54 GMT

Sport Direct fails to convince analysts over House of Fraser buy

On Monday, Sport Direct's purchase of House of Fraser failed to convince analysts, with some of them saying the takeover deal could backfire on the sportswear retailer's CEO Mike Ashley.

Mon, 13 Aug 2018 11:34:40 GMT

British esure in discussion with Bain Capital over £1.17B offer

Britain's insurer esure is in talks with Bain Capital over a potential bid valuing the firm at £1.17B, sending its shares up 30% on Monday.

Mon, 13 Aug 2018 09:39:02 GMT

Two China's EV hailing platforms in $730M push to fuel growth

Two Chinese EV sharing platforms are seeking for external funding totalling $730M to fuel the growth, sources reported on Monday.

Mon, 13 Aug 2018 09:33:50 GMT

Japan's Don Quijote raises interest in Walmart's Seiyu

Don Quijote Holdings, Japan's discount retailer, announced it was interested in acquiring Walmart's Seiyu, if it put its supermarket chain on a sale.

Mon, 13 Aug 2018 08:21:32 GMT

Bayer shares drop as jury orders Monsanto to pay damages

Bayer's shares fell almost 10% to the lowest level in two years on Monday, as California's jury had ordered Monsanto to pay $289M in damages the previous week.

Mon, 13 Aug 2018 08:20:39 GMT

Innogy plans stake sale in $2.6B wind project

On Monday, Germany's energy group Innogy stated it would sell a 41% stake in Triton Knoll, its $2.6B worth offshore wind farm, to the Japanese firms Kansai Electric Power and Electric Power Development.

Mon, 13 Aug 2018 07:20:14 GMT

APA calls on shareholders to vote for CKI takeover bid

Australia's APA Group board called on the shareholders to vote for the $9.45B takeover bid from the Hong Kong consortium CK Infrastructure Holdings in late November.

Mon, 13 Aug 2018 07:17:13 GMT

Siemens ties up with Vinfast to build electric buses

Vietnam's VinFast Trading and Production teamed up with the domestic Siemens unit to supply components and technology to develop electric buses in the country.

Mon, 13 Aug 2018 06:13:35 GMT

Elliott buys large stake in Nielsen amid sale plans

Elliott Management acquired an 8% stake worth about $640M in Nielsen Holdings, as the activist investor seeks pushing the TV-ratings firm to sell itself.

Mon, 13 Aug 2018 06:08:52 GMT

Samsung considers halting operations at Chinese mobile phone plant

Samsung Electronics is considering to suspend operations at one of the company's China mobile phone plants amid rising labour costs and slumping sales, according to the Electronic Times.

Mon, 13 Aug 2018 05:09:01 GMT

Advisory firm ISS calls on Cigna investors to vote for Express Scripts buy

Institutional Shareholder Services, the shareholder advisory company, called on Cigna Corp's investors to vote for the firm's $52B acquisition of Express Scripts, the pharmacy benefits manager.

Mon, 13 Aug 2018 04:59:11 GMT

China-focused consortium seeks to buy Capilano Honey

On Monday, Australia's Capilano Honey stated it had received a A$189.8M bid from a consortium of China-oriented Roc Partners and Wattle Hill RHC Fund, offering its shareholders A$20.06 per share.

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