News

Sat, 05 Jan 2019 18:37:08 GMT

Ottobock has no plans to launch IPO before 2020

According to Germany's Handelsblatt newspaper, the potential initial public offering of the artificial limb producer Ottobock will not take place earlier than 2020, the company's CEO Philipp Schulte-Noelle confirmed on Friday.

Sat, 05 Jan 2019 18:32:48 GMT

Rothesay Life seeks bid for Swiss Re's British arm

Rothesay Life is preparing a £3.5B worth bid for the reinsurance firm Swiss Re's British unit, putting its plans to launch a 2019 IPO for the UK arm into the question.

Sat, 05 Jan 2019 17:31:44 GMT

Apollo Global explores acquisition of GE's aircraft leasing division

Apollo Global Management, the private equity firm, is considering an offer to buy General Electric's aircraft leasing unit worth $40B, sources with a knowledge of a potential deal reported.

Sat, 05 Jan 2019 17:28:23 GMT

Canada's M&A expected to strenghten in 2019

Canada's merger-and-acquisition activity is seen to rise in 2019 after hitting the 12-year high in the previous year, as a slide in prices for oil could boost consolidation among energy firms, while cannabis deals could gain momentum.

Sat, 05 Jan 2019 15:50:31 GMT

Eurogroup to decide on successor to ECB Praet

Euro zone's finance ministers are likely to choose the successor to ECB Chief Economist Peter Praet at the meeting on February 11, the spokesman stated.

Sat, 05 Jan 2019 15:48:43 GMT

Bristol-Myers, Celgene set $2.2B termination fee for big deal

Bristol-Myers and Celgene are expected to pay $2.2B, if either of the companies walks away from their $74B merger, according to a regulatory filing.

Sat, 05 Jan 2019 15:37:28 GMT

Forex, gold reserves of Belarus total $7.16B

Gold and foreign currency reserves of Belarus amounted to $7.16B as of January 1, falling over the past year 2.2%, the country's Central Bank stated.

Sat, 05 Jan 2019 15:34:22 GMT

Hungary to raise pensions 2.7% this year

Hungary is set to increase pensions 2.7%, with higher sums starting to arrive on pensioners' bank accounts on January 11, the parliamentary state secretary stated.

Sat, 05 Jan 2019 14:13:21 GMT

British shops' sales fall for sixth year in succession

The UK shops suffered a decline in sales for the sixth straight year in December, a survey revealed, affected by the shift to online-buying and brittle consumer confidence.

Sat, 05 Jan 2019 14:05:58 GMT

China's CSRC imposes record fines last year

China's securities watchdog, the CSRC, imposed a record amount of fines totalling $1.55B in 2018 to prevent financial risks and punish market irregularities.

Sat, 05 Jan 2019 13:06:04 GMT

Chinese population to peak at 1.44B in 2029

China's population is expected to reach its peak of 1.44B in ten years and start a prolonged period of decline in 2030, the report showed.

Sat, 05 Jan 2019 13:02:36 GMT

US service sector growth weakens in December

The US service sector revealed solid expansion in business activity in last year's December 2018, though experienced the weakest growth for in three months, the IHS Markit stated.

Sat, 05 Jan 2019 12:30:48 GMT

Canada's unemployment rate at 5.6% in December

The Canadian jobless rate stood at 5.6% in the month of December with an increase of 9.3K net new positions, Statistics Canada reported.

Sat, 05 Jan 2019 12:28:02 GMT

Huawei, Samsung supply main part of own modem chips

The two biggest smartphone makers supply the majority of the firms' own modem chips to help devices connect to wireless networks, Qualcomm stated.

Sat, 05 Jan 2019 11:36:25 GMT

China's house price increases no longer certain

The growth tendency in property prices in China was no more a certainty as state housing values' controls come into effect, the report stated.

Sat, 05 Jan 2019 11:31:06 GMT

Ford recalls 953K vehicles for inflator risk

The US automaker Ford announced the decision to recall nearly 953K vehicles worldwide, as some Takata air bag inflators could explode.

Sat, 05 Jan 2019 10:24:48 GMT

German jobless rate at record low in 2018

Germany's unemployment rate dropped to its record low in 2018, while the number of jobless people declined more than anticipated, the BA report showed.

Sat, 05 Jan 2019 09:07:06 GMT

Keiko Fujimori to remain in prison

On Saturday, the Second Criminal Appeals Chamber of Peru rejected a release appeal submitted by the country's Popular Force party leader Keiko Fujimori.

Sat, 05 Jan 2019 09:03:22 GMT

Bolsonaro questions Embraer-Boeing deal

The President of Brazil Jair Bolsonaro on Saturday questioned the prospects of merger between American Boeing and domestic plane producer Embraer.

Sat, 05 Jan 2019 08:34:16 GMT

Taiwan urged to defend democracy

The President of Taiwan Tsai Ing-wen on Saturday called international community to help defending the country's democracy amid increasing threat from China.

Sat, 05 Jan 2019 08:30:21 GMT

Iran finds alternative oil buyers

A senior Iranian energy official stated on Saturday that the government managed to find new oil purchasers despite American sanctions.

Fri, 04 Jan 2019 21:18:51 GMT

FDI in Mongolia rises rapidly

Foreign investors contributed $1.5B to the Mongolian economy in the first 11 months of 2018, an increase of 25.6% from 2017, the Finance Ministry says.

Fri, 04 Jan 2019 21:18:09 GMT

Iraq confirms compliance with OPEC agreement

Iraq is fully committed to the OPEC production cutoff agreement which is enforced from the beginning of 2019, the Iraqi Oil Minister Thamir al-Ghadhban says.

Fri, 04 Jan 2019 20:13:12 GMT

Sri Lanka wants $3B of FDI in 2019

Sri Lanka plans to attract $3B of foreign direct investment in 2019, the Development Strategies and International Trade Minister Malik Samarawickrama says.

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