News

Tue, 26 Jun 2018 06:36:29 GMT

Chinh Chu ties up with Pinnacle's Chairman for SPAC

The ex-Blackstone Group's dealmaker Chinh Chu has tied up with the Chairman of Pinnacle Foods, Roger Deromedi, to form a special purpose acquisition company, as the aim to buy consumer firms.

Tue, 26 Jun 2018 06:32:33 GMT

Vietnam's Bamboo Airways to buy 20 Boeing jets

On Monday, Boeing has agreed to sell 20 widebody long-haul planes to Vietnam's start-up Bamboo Airways in a deal valued at $5.6B.

Tue, 26 Jun 2018 04:52:20 GMT

Lippo Group will invest in Tencent

The Indonesian Lippo Group announced on Tuesday that the company will invest almost $45 million into Chinese tech giant Tencent Holdings.

Tue, 26 Jun 2018 04:51:30 GMT

Trade wars get blamed for surging Japanese Yen

On Tuesday, financial media blamed the intensifying trader war tensions for the decline that is being experienced in the USD/JPY currency pair.

Tue, 26 Jun 2018 04:35:26 GMT

Oil prices continue moving higher

The price for crude oil surged on Tuesday morning due to the markets being uncertain about Libyan oil export quantities.

Tue, 26 Jun 2018 04:34:48 GMT

Global stocks extend sell-off

On Tuesday, stocks globally continued the selloff, as media sources blamed trader war tensions caused by the United States as the reason for the selloff.

Tue, 26 Jun 2018 02:53:46 GMT

China's Huawei main sponsor of overseas trips of Australian politicians

China's telecommunications equipment producer Huawei Technologies was the largest sponsor of overseas trips for Australia's politicians, a travel disclosure registers' analysis showed.

Tue, 26 Jun 2018 02:36:28 GMT

France's Total: natural gas demand to outpace oil

Frence's oil and gas company Total anticipated the global natural gas market to expand faster than the market for crude over the following two decades thanks to booming Asian demand for cleaner-burning fuel.

Tue, 26 Jun 2018 02:30:56 GMT

SkyBridge suing Premium Point Investments

SkyBridge Capital II stated on Monday that it sued Premium Point Investments, claiming nearly $80M loss because the investment service inflated the hedge fund assets' value.

Mon, 25 Jun 2018 19:51:17 GMT

Bangladesh arrests thousands in anti-drugs crackdown

Bangladesh has arrested 22T people after launching a crackdown on drug trafficking last month, the country's Home Minister Asaduzzaman Khan Kamal Monday says.

Mon, 25 Jun 2018 19:50:12 GMT

Beijing sets up $4.6B technological innovation fund

Beijing launched a fund worth $4.6B to support technological innovation, Monday's Science and Technology Daily reports.

Mon, 25 Jun 2018 19:34:11 GMT

Polish PM debates refugee policy with Germany

The Polish Prime Minister Mateusz Morawiecki defended hard-line stance over the refugee policy with the President of Germany's Parliament, Wolfgang Schauble.

Mon, 25 Jun 2018 19:33:28 GMT

Putin, Erdogan agree on cooperation in Syria, energy projects

The Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin agreed to improve cooperation between the two nations in Syria and energy projects.

Mon, 25 Jun 2018 18:17:20 GMT

Inmarsat's shares surge on news Eutelsat looking at takeover bid

Shares in Inmarsat, the British satellite firm, were up 3.8% this Monday, after the report that its French rival Eutelsat is thinking over a takeover offer for the company.

Mon, 25 Jun 2018 18:12:45 GMT

Italy's Cerved sees acquisitions to bolster profit growth

Cerved Group, Italy's debt collector and data provider, is expecting mergers and acquisitions to bolster the group's core profit growth within the following three years.

Mon, 25 Jun 2018 17:37:16 GMT

UK Diageo proposes to lift stake in Sichuan Shuijingfang

Britain's Diageo Plc. Has offered to raise its stake in Sichuan Shujingfang Company, China's baiju maker, to about 60% via a partial render bid.

Mon, 25 Jun 2018 17:34:27 GMT

France's Eutelsat considers bidding for Inmarsat

On Monday, Eutelsat, the French satellite company, stated it was thinking over to make a proposal for its British competitor Inmarsat, following the UK rival's rejection of the EchoStar's takeover approach.

Mon, 25 Jun 2018 16:25:45 GMT

Global stocks fall as trade tension increases

On Monday, the global stock markets and Wall Street opened lower as trade tension between the US and other major economies deteriorated.

Mon, 25 Jun 2018 16:18:30 GMT

PayPal mobile app Venmo begins debit card issuing

On Monday, PayPal Holdings said the company would start issuing a debit card to its customers using mobile app Venmo in an attempt to widen its reach with the younger generation.

Mon, 25 Jun 2018 15:26:27 GMT

American Express & Co wins merchant fee dispute

The United States Supreme Court stated on Monday that American Express internal policy of preventing merchants from informing customers to use rival credit cards did not violate the federal antitrust law.

Mon, 25 Jun 2018 15:23:53 GMT

EU agrees with eBay and Amazon to removed dangerous contents

An agreement has been reached by the European Commission and four other major online retailers to tackle dangerous content that is listened by the Commission.

Mon, 25 Jun 2018 14:11:11 GMT

Harley-Davidson plans production move outside US amid tariffs

Harley-Davidson stated on Monday that it would move its motorcycle production outside the United States to the brand's international facilities to avoid the EU tariffs.

Mon, 25 Jun 2018 14:06:06 GMT

India's Jet Airways to purchase more Boeing 737 Max planes

On Monday, India's Jet Airways agreed to buy additional 75 Boeing 737 MAX jets, as it seeks expansion to meet demand of domestic passengers in the aviation market.

Mon, 25 Jun 2018 13:38:28 GMT

MSCI suspends decision over unequal voting rights stocks

MSCI, the stock index provider, has extended the review of stocks treatment with unequal voting rights, expecting to finalise its decision by this October's end.

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