News

Tue, 03 Jul 2018 17:35:38 GMT

China urges EU to sign anti-US trade pact

On Tuesday, one of the European officials claimed that China had put pressure on the EU to sign a common pact against the US President Trump's trade policy.

Tue, 03 Jul 2018 17:31:21 GMT

Fomer Intel executive leaves COO position at Google Cloud

On Tuesday, Google Cloud claimed that its Chief Operations Officer Diane Bryant, who previously was a head of Intel's data centre's unit, is leaving Alphabet Inc as Intel is looking for a new possible CEO.

Tue, 03 Jul 2018 16:20:05 GMT

LafargeHolcim acquires US concrete maker Tarrant

LafargeHolcim has acquired the US ready mix concrete producer Tarrant amid the world's largest cement maker's intention to boost growth by smaller acquisitions under the CEO Jan Jenisch, the Swiss company stated on Tuesday.

Tue, 03 Jul 2018 16:05:08 GMT

Tesla's shares plunge as it hits production milestone for Model 3 cars

Shares in Elon Musk's Tesla dropped in Monday's volatile trading after the carmaker reported it had hit its production milestone for the Model 3 vehicles, making investors to pocket some profits.

Tue, 03 Jul 2018 15:34:20 GMT

Hyundai makes investment into Israel's auto tech company Autotalks

On Tuesday, the Hyundai Motor stated it had invested an undisclosed amount of money into the Israeli auto technology firm Autotalks to boost the development of the future chipset for connected vehicles.

Tue, 03 Jul 2018 15:30:33 GMT

Facebook shares fall amid news report on widened probe

On Tuesday, Facebook's shares slipped over 1% in the premarket trade, following a news report that a federal investigation over the data breach by Cambridge Analytica had been broadened and would involve more government's agencies.

Tue, 03 Jul 2018 14:05:13 GMT

IHH Healthcare submits enhanced binding offer for Fortis Healthcare

On Tuesday, IHH Healthcare submitted a revised binding bid for Fortis Healthcare India's hospital chain, media reports stated.

Tue, 03 Jul 2018 13:52:58 GMT

Petrobras halts asset sales amid court's ruling on privatisation

Petroleo Brasileiro, the Brazilian state-run oil firm, announced on Tuesday it had to suspend its asset sales, as the Supreme Court had ruled out the necessity for the privatisation processes to be accepted by the Congress.

Tue, 03 Jul 2018 13:34:32 GMT

Economists back pay rise for NYC's Lyft, Uber drivers

On Monday, the campaign launched by the New York City's Lyft and Uber drivers over their pay rise got a boost from a study led by two economists, who had conducted for the city's Limousine Commission and Taxi.

Tue, 03 Jul 2018 13:28:54 GMT

Israeli ThetaRay attracts over $30M to prevent money laundering

Israeli firm ThetaRay has attracted more than $30M in its fundraising round, bringing its total amount of funds raised to over $60M to continue preventing money laundering.

Tue, 03 Jul 2018 12:39:49 GMT

Australia's FIRB grants approval for Sirtex's Chinese buyout

Sirtex Medical, the liver cancer treatment producer, has been granted an approval by the Australian Foreign Investment Review Board doe its $1.4B buyout by the Chinese consortium.

Tue, 03 Jul 2018 12:36:08 GMT

Austria's Immofinanz to sell 26% CA Immo stake to Starwood

On Monday, the Austrian property firm Immofinanz has agreed to sell its 26% stake in CA Immo in a deal valued at $882M to the US investor Starwood.

Tue, 03 Jul 2018 11:07:46 GMT

ZTE's shares jump to daily limit in Shenzhen

On Tuesday, shares in ZTE Corp surged to the daily maximum of 10% in the afternoon trading in Shenzhen, with no reason figured out yet.

Tue, 03 Jul 2018 11:03:31 GMT

US fund urge $175M from South Korea over Samsung 2015 deals

Mason Capital Management, the NYC-based hedge fund, filed a claim urging $175M from South Korea's government to compensate the alleged damages it had sustained from the Samsung units' 2015 merger.

Tue, 03 Jul 2018 10:37:37 GMT

KazMunayGaz's deal with China's CEFC falls apart

According to Reuters, the state energy company KazMunayGaz's deal to sell its 51% majority stake in Romania's arm to China's energy titam CEFC has collapsed.

Tue, 03 Jul 2018 10:31:27 GMT

Catalent to acquire Juniper Pharmaceuticals for $11.50/share

On Tuesday, the US drug contract producer stated it would acquire Juniper Pharmaceuticals for $11.50 a share in cash, valuing the company at around $127.7M.

Tue, 03 Jul 2018 09:28:32 GMT

Austria prepares to protect its borders

The Austrian government has announced that the country is ready to protect its southern border, if a migration deal is made within Germany.

Tue, 03 Jul 2018 09:27:43 GMT

European shares jump on Tuesday

European stock markets surged on Tuesday morning, as the news that the German government has made up its mind in regards to migration policy pushed the stocks higher.

Tue, 03 Jul 2018 08:38:36 GMT

Lyft plans to acquire Motivate bike-share operator

Lyft is planning to acquire the bike-share operator Motivate in its efforts to fend off competition, which arises from its rival Uber Technologies' purchase of JUMP Bikes, the electric cycle-sharing start-up.

Tue, 03 Jul 2018 08:34:59 GMT

Veon to sell its stake in Italy's Wind Tre to cut debt

On Tuesday, the mobile telecommunications firm Veon stated it would sell a stake in Italy's Wind Tre to its partner CK Hutchison in a deal valued at $2.85B, as it seeks to reduce the debt level.

Tue, 03 Jul 2018 07:14:11 GMT

Jet financier Amedeo partners with Intrepid Aviation

On Monday, the aircraft financier Amedeo stated it would launch a partnership with the Intrepid Aviation Holdings' owners, in a deal that would tie up two leasing companies.

Tue, 03 Jul 2018 07:00:22 GMT

SocGen to acquire Commerzbank's commodities arms, equity markets

France's Societe Generale is planning to acquire Commerzbank's equity markets and commodities arm (EMC), bolstering its presence in the area of derivatives.

Tue, 03 Jul 2018 06:39:26 GMT

CMC media group attracts $1.5B from Tencent, Alibaba

On Tuesday, China's media group CMC stated it had raised about $1.49B in its fund-raising round from the tech companies, such as Tencent Holdings and Alibaba Group Holding.

Tue, 03 Jul 2018 06:35:54 GMT

Renault makes mandatory offer to buy out rest of Avtovaz shares

Renault's Russian unit has made a mandatory proposal to buy out the rest of shares in the state-owned carmaker Avtovaz, the French company stated on Monday.

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