News

Tue, 07 Aug 2018 08:18:22 GMT

SJW Group seeks to acquire Connecticut Water in $1.1B deal

On Monday, Connecticut Water Service and SJW Group announced they were switching from merger to acquisition accord, with SJW making a $1.1B all-cash takeover bid for the utility.

Tue, 07 Aug 2018 08:04:26 GMT

Australia's Wesfarmers agrees to sell last coal asset for $635M

Australia's Wesfarmers is quitting coal by selling the last coal asset in Bengalla thermal coal mine in a $635M deal with New Hope Corp.

Tue, 07 Aug 2018 07:06:46 GMT

Swissquote to acquire Luxembourg bank Internaxx

On Tuesday, Swissquote announced it would acquire the Luxembourg bank Internaxx in a deal worth $32M to gain access to the EU markets.

Tue, 07 Aug 2018 07:04:32 GMT

Mattress Firm considers filing for bankruptcy to shut stores

The US largest mattress retailer Mattress Firm is exploring a possible filing for bankruptcy with intention to get rid from expensive store leases and close some of its 3K locations.

Tue, 07 Aug 2018 06:26:12 GMT

China Poly Group raises takeover interest in Steinway

China Poly Group has raised an interest in acquiring the US hedge fund billionaire John Paulson-controlled conglomerate Steinway Musical Instruments, Bloomberg's report showed on Monday.

Tue, 07 Aug 2018 06:22:01 GMT

Dubai's DP World buys 100% of Unifeeder Group

On Tuesday, Dubai's port operator DP World DPW.DI announced it had bought 100% of the Danish logistics company Unifeeder Group in a deal valued at $762.6M.

Tue, 07 Aug 2018 05:15:24 GMT

Inflation in Philippines advances 5.7% in July

The Bangko Sentral ng Pilipinas reported on Tuesday that the annual inflation in the Philippines surged 5.7% in July, driven by higher transportation and food costs.

Tue, 07 Aug 2018 05:12:58 GMT

Pound falls to 11-month low

The Pound fell to a new 11-month low against the US Dollar overnight in response to concerns over the United Kingdom failing to strike a Brexit deal with the European Union.

Tue, 07 Aug 2018 04:09:43 GMT

ASIC widens supervisory power

The Australian Securities and Investments Commission, Australia's financial regulator, has been granted the power to place supervisors in financial firms to oversee decision making.

Tue, 07 Aug 2018 04:02:51 GMT

Japanese employees see 3.6% growth in average earnings

The Japanese Ministry of Health, Labour and Welfare reported on Tuesday that the average cash earnings rose by 3.6% in June year-on-year which is the fastest jump since January 1997.

Mon, 06 Aug 2018 20:38:43 GMT

Kosmos Energy agrees to buy DGE for $1.23B

Kosmos Energy is set to expand into the Gulf of Mexico by acquiring the deepwater gas and oil firm DGE in a deal valued at $1.23B.

Mon, 06 Aug 2018 20:34:35 GMT

Schaeffler acquires drive-by-wire tech for self-driving cars

Schaeffler, the German automotive supplier, is planning to buy Space Drive, the drive-by-wire technology, from Paravan GmbH for autonomous vehicles.

Mon, 06 Aug 2018 19:35:18 GMT

Daimler in talks with BJEV to establish smart car venture

Germany's luxury automaker Daimler is in negotiations with the Chinese BAIC Group's unit BJEV to establish a joint venture to produce battery-powered smart cars in China.

Mon, 06 Aug 2018 19:31:54 GMT

Chile's Agrosuper to acquire AquaChile in $850M deal

On Monday, the Chilean top food producer Agrosuper stated it would acquire the domestic salmon company AquaChile in a deal valued at $850M.

Mon, 06 Aug 2018 18:31:20 GMT

TSMC sees computer virus to hit its Q3 revenue

On Sunday, the world's biggest contract chipmaker Taiwan Semiconductor Manufacturing Company announced that an outbreak of computer virus might hit its Q3 revenue and gross margin results.

Mon, 06 Aug 2018 18:25:20 GMT

Aimia stock jumps 12% after rebuffing Air Canada offer

The Canadian company Aimia's stock soared 12% after it had rejected a takeover bid from the Air Canada-led consortium, demanding a higher offer for its Aeroplan loyalty programme.

Mon, 06 Aug 2018 17:39:17 GMT

Arista to pay Cisco $400M to resolve court fight

On Monday, American Arista Networks Inc claimed that it is going to pay $400M to Cisco Systems Inc to resolve court conflict between two network equipment companies. 

Mon, 06 Aug 2018 17:35:19 GMT

Russian Medvedev: Georgia's membership in NATO could trigger conflict

On Monday, the Prime Minister of Russia Dmitry Medvedev claimed that a possible decision of NATO to admit Georgia to the members of the organisation could provoke a conflict in the region.

Mon, 06 Aug 2018 16:18:54 GMT

Facebook requests US banks to provide financial info

Facebook asked the biggest US banks to provide detailed financial information about customers within an effort to suggest new services, according to sources familiar with the matter.

Mon, 06 Aug 2018 16:18:42 GMT

China's regulator fines Alipay for violating rules of payment services

The Shanghai office of the Chinese Central Bank levied a $601K fine on Alipay, Ant Financial's online payment platform, for violating rules on payment services, the regulator stated.

Mon, 06 Aug 2018 14:52:14 GMT

Tyson registers betters-than-anticipated profit

Tyson Foods, the largest meat processor in the US, reported stronger-than-expected quarterly profit amid to solid demand for beef, but warned that trade war was threatening its chicken and pork businesses.

Mon, 06 Aug 2018 14:52:06 GMT

Holitech Technology to invest $200M in India

China's Xiaomi stated that the company's component supplier Holitech Technology is set invest nearly $200M in the three-year period in India, the world's second-largest smartphone market.

Mon, 06 Aug 2018 14:17:37 GMT

Japan Tobacco to acquire Akij Group for $1.5B

Japan Tobacco Inc announced on Monday the acquisition of Bangladesh-based Akij Group's tobacco business for $1.5B in order to strengthen its position in the Asian tobacco market.

Mon, 06 Aug 2018 14:13:20 GMT

Poll: May's approval rate in Brexit negotiations falls to record low

A poll by ORB International shows the approval rate of how the British Prime Minister Theresa May is handling the Brexit negotiations has declined to 22% due to uncertainty.

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