News

Thu, 13 Dec 2018 10:16:33 GMT

Apple to construct new campus worth $1.0B in Texas

Apple is set to make an investment of $1.0B to establish the second campus in Texas, while another $10B will be invested into new data centres within the following five years, as the tech giant seeks creating 20K new jobs in US.

Thu, 13 Dec 2018 10:12:11 GMT

Elliott asks Pernod Ricard for €500M cost cuts

Elliott Management, the activist hedge fund, has required Pernod Ricard's board for $500M cost cuts to help bolster the company's operating performance.

Thu, 13 Dec 2018 08:55:53 GMT

Trussardi owners nearing stake deal with Quattro R

The Investment fund Quattro R is nearing a deal with the Trussardi owners to acquire a 80% stake in Italy's fashion house, according to a Il Sole 24 Ore newspaper's report published on Thursday.

Thu, 13 Dec 2018 08:52:40 GMT

Total agrees to sell 4% of Ichthys LNG for $1.6B

France's energy group Total has agreed on a 4% stake sale of its Australia's liquified natural gas project Ichthys to the company's partner INPEX in a deal worth $1.6B, after cost over-runs.

Thu, 13 Dec 2018 08:09:12 GMT

Indonesia's Bayan completes $163.7M acquisition of Kangaroo Resources

Indonesia's coal miner Bayan Resources completed the buy-back of its Kangaroo Resources unit, in a deal valued at $163.7M, according to the IDX filing published on Wednesday.

Thu, 13 Dec 2018 08:05:27 GMT

GPSC appeal to acquire Glow Energy dismissed by Thai regulator

On Thursday, a Thai regulator stated it had dismissed the appeal filed by Global Power Synergy Corporation to acquire Glow Energy's stake from France's Engie, saying it would trim competition in the market.

Thu, 13 Dec 2018 07:39:19 GMT

Norfolk Southern to shift HQs to Atlanta

On Wednesday, Norfolk Southern announced it would move its headquarters from Virginia to Atlanta, tapping the major hub for a transportation.

Thu, 13 Dec 2018 07:37:28 GMT

Mondelez agrees on its Middle East cheese unit sale

Mondelez International has agreed on a sale of its Middle East's cheese business to Denmark's dairy company Arla Foods, not disclosing the financial terms of the deal.

Thu, 13 Dec 2018 05:52:34 GMT

Indonesia's FDI falls to $11B-$13B this year

Incoming FDI to Indonesia is anticipated to be around $11B to $13B in 2018, which is below the average of $20B per year in the prior periods, a senior official stated.

Thu, 13 Dec 2018 05:50:07 GMT

Lazada appoints Pierre Poignant as new CEO

Lazada Group, Southeast-Asia's e-commerce firm backed by Alibaba, appointed Pierre Poignant as the company's new Chief Executive Officer on Thursday within succession planning.

Thu, 13 Dec 2018 05:34:45 GMT

South African CB to wait until May for rate hike

The Reserve Bank of South Africa is unlikely to raise rates again until May, Reuters poll showed, taken after the Bank surprised economists last month, adding 25 bps to borrowing costs.

Thu, 13 Dec 2018 05:31:42 GMT

Toyota set to replace airbags in almost 65K cars

Toyota Motor stated that it advanced by a year its plans to replace Takata airbags in nearly 65K Toyota and Lexus cars in the US it had replaced previously.

Thu, 13 Dec 2018 04:30:21 GMT

Nissan to increase external board members' number

Nissan Motor announced plans to increase the number of external board seats and create a committee to overview compensation within efforts to improve governance.

Thu, 13 Dec 2018 04:27:50 GMT

Hyundai Motor to provide $1.5B funding to suppliers

Hyundai Motor announced plans to provide $1.5B funding to stabilise the company's suppliers' management, the company stated in a statement.

Thu, 13 Dec 2018 02:58:24 GMT

Italy diminishes deficit goal, awaits positive response

Italy lowered the deficit target for 2019 to 2.04% of output and anticipated the European Commission to accept the country's new budget proposal, the PM Giuseppe Conte stated.

Thu, 13 Dec 2018 02:54:02 GMT

Brazil's CB keep rates unchanged, in line with forecasts

The Central Bank of Brazil kept interest rates at the all-time low, adding that it is set to hold off from hikes for longer than anticipated.

Wed, 12 Dec 2018 21:23:54 GMT

US-Israeli tech firm Optibus attracts $40M in funding round

On Wednesday, the US-Israeli mobility technology firm Optibus announced it had attracted $40M in a private round of funding led by the private equity fund Insight Venture Partners.

Wed, 12 Dec 2018 21:20:27 GMT

Samsung to close mobile phone factory in China

Samsung Electronics is planning to shut down its mobile phone manufacturing factory in China's Tianjin amid plunging sales in the world's largest smartphone market, as competition with the local lower-cost rivals rise.

Wed, 12 Dec 2018 20:32:51 GMT

ABB holds talks with Hitachi over power grids deal

ABB has entered talks with the Japanese group Hitachi over the Swiss engineering firm's power grid business it is considering to sell, as the company seeks focusing on more profitable subsidiaries.

Wed, 12 Dec 2018 20:29:02 GMT

US FCC thinks over halting ban on mergers among broadcast networks

On Wednesday, the Federal Communications Commission voted on the US media ownership rules new review opening to consider ending the ban on merger deals among the country's biggest broadcast networks.

Wed, 12 Dec 2018 19:28:59 GMT

BHP drops $320M sale of Chile's Cerro Colorado

On Wednesday, BHP stated it had called off the sale of Chile's copper mine Cerro Colorado, valued at $320M, to the private equity group EMR Capital due to financing problems.

Wed, 12 Dec 2018 19:25:26 GMT

Parker Drilling files for bankruptcy protection

Parker Drilling, the oilfield services provider, announced it had filed for the Chapter 11 bankruptcy on Wednesday under the deal with the debtor group that would allow its quick reorganisation.

Wed, 12 Dec 2018 17:50:01 GMT

Germany considers Deutsche Bank and Commerzbank merger

The German government is in the process of negotiating a possible merger between Commerzbank and Deutsche Bank. The market started buying DB stock, as the Deutsche Bank's performance has been lacking since the crash of 2008.

Wed, 12 Dec 2018 16:44:15 GMT

Betting odds indicate Theresa May will win confidence vote

As the confidence vote approached in the UK Parliament, betting odds at bookmakers indicated a 60 to 89 percent chance that Theresa May will win the confidence vote.

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