News

Wed, 12 Dec 2018 08:32:52 GMT

Hande group, Warbourg Pincus to invest $1.0B in China JV

On Wednesday, Hande Group and Warburg Pincus are set to invest $1.0B in the new Chinese joint venture to help it reach the AUM, assets under management of $5.0B during the following three years.

Wed, 12 Dec 2018 07:02:38 GMT

Australia's Sonic Healthcare to acquire Aurora Diagnostics

On Wednesday, Australia's radiology and pathology group Sonic Healthcare stated it would acquire the US-based Aurora Diagnostics in a deal valued at $540M.

Wed, 12 Dec 2018 06:58:26 GMT

Energizer gains EU antitrust approval for Spectrum buy

The US battery producer Energizer Holdings won the European antitrust approval for its bid for Spectrum Brands' portable lighting and battery business worth $2.0B.

Wed, 12 Dec 2018 05:56:02 GMT

Indonesia's Tokopedia raises $1.1B in latest funding round

On Wednesday, Indonesia's e-commerce company Tokopedia announced it had secured $1.1B in its latest round of funding, led by Japan's SoftBank Group and China's e-commerce titan Alibaba Group Holding.

Wed, 12 Dec 2018 05:52:30 GMT

Vale acquires innovator New Steel in $500M deal

Brazilian miner Vale, the world's largest nickel and iron ore producer, signed a $500M worth deal with the investment fund Hankoe FIP to acquire the innovation firm New Steel, with the transaction planned for the next year.

Wed, 12 Dec 2018 05:39:20 GMT

SoftBank to sell Nvidia stake early next year

According to Bloomberg, SoftBank is considering a stake sale in Nvidia Corp as early as next year, in a potential deal that could bring the Japanese firm about $3B in profit from the transaction.

Wed, 12 Dec 2018 05:34:01 GMT

EU opens full-scale probe into Liberty Global-Vodafone deal

The EU antitrust regulator has launched a full-scale inquiry into the $22B worth Vodafone's takeover of Liberty Global assets, as the deal might hurt competition in the Czech Republic and Germany.

Wed, 12 Dec 2018 04:32:27 GMT

Google considers steps to open office in Vietnam

Alphabet Inc's Google was considering opening its representative office in Vietnam, the country's government stated, citing Kent Walker, the Senior Vice President of Google.

Wed, 12 Dec 2018 04:29:57 GMT

McDonald's to diminish antibiotic use in beef supply

McDonald's announced plans to diminish the antibiotics use in the fast-food chain's global beef supply, fuelling projections that other restaurants are likely to follow suit.

Wed, 12 Dec 2018 03:04:37 GMT

Tencent Music raises almost $1.1B in US IPO

China-based music streaming firm Tencent Music Entertainment Group stated that it raised nearly $1.1B in its US initial public offering after pricing the company's shares at the bottom of the targeted range.

Wed, 12 Dec 2018 02:59:01 GMT

Japan's machinery orders below expectations in October

Japanese core machinery orders grew less than anticipated in October after an earthquake in the prior month, indicating more subdued business investment.

Tue, 11 Dec 2018 17:32:14 GMT

Danske Bank divests Swedish pension arm in $288M deal

The pension unit Danica, owned by Danske Bank, has sold a part of its Swedish business to the private equity consortium in a deal valued at $288M, the lender announced on Tuesday.

Tue, 11 Dec 2018 17:19:39 GMT

Dell's shareholders approve VMware takeover

On Tuesday, Dell Technologies stated it had received the shareholder approval to buy back its shares in the software maker VMware, preparing the ground for the company's return to the market.

Tue, 11 Dec 2018 16:21:17 GMT

Russia fines Google $7.5K over search results law violation

On Tuesday, Russia has fined Google $7.5K for not complying with the legal requirement to eliminate certain entries from the search results, Russian communications watchdog reported.

Tue, 11 Dec 2018 16:14:30 GMT

Plaid start-up raises $250M in latest round of funding

The fintech start-up Plaid has attracted $250M in its latest round of funding led by the Silicon Valley's key investors, Mary Meeker, valuing the company at $2.65B.

Tue, 11 Dec 2018 15:37:20 GMT

India names Shaktikanta Das as new RBI governor

India's government has named Shaktikanta Das, the ex-finance ministry official, as the new governor of the Reserve Bank of India on Tuesday, replacing Urjit Patel, who had recently resigned from this position.

Tue, 11 Dec 2018 15:34:12 GMT

Carmakers surge on news China could trim US tariffs

On Tuesday, the carmakers' shares surged about 2% after a report that Chinese government could trim the tariffs on US vehicles to 15% from the current 40%, according to Bloomberg.

Tue, 11 Dec 2018 14:37:35 GMT

US-Israeli firm Quali attracts $22.5B in private funding round

On Tuesday, the US-Israeli software company Quali announced it had raised $22.5M in the Jerusalem Venture Partners-led private funding round, as the firm aimed to expand its presence in the US.

Tue, 11 Dec 2018 14:32:00 GMT

US producer prices rise unexpectedly in November

The US producer prices increased unexpectedly in November, as surge in the cost-of-service pricing offset a sharp fall for energy products; however, the overall momentum in the wholesale inflation is slowing.

Tue, 11 Dec 2018 13:23:06 GMT

Castlelake to acquire jets from Airasia for $800M

The US private equity fund Castlelake LP signed an agreement to acquire a portfolio of around 30 narrowbody aircraft from AirAsia Group in a deal worth $800M, sources reported.

Tue, 11 Dec 2018 12:58:09 GMT

Morrisons shares soar on possible takeover approach

On Tuesday, WM Morrisons' shares surged as much as 2.9% amid rumours about a possible takeover approach that could be made towards the British supermarket chain by the US online retailer Amazon.com.

Tue, 11 Dec 2018 12:39:50 GMT

Brazil's future environment minister seeks country to stay in Paris accord

The Brazilian future environment minister stated he would seek his country to stay in the Paris Climate Agreement.

Tue, 11 Dec 2018 12:37:24 GMT

EU's Tusk to hold meeting with Britain's PM May on Tuesday

The European Union's summit Chairman Donald Tusk will hold a meeting with the UK Prime Minister Theresa May, scheduled for 1600 GMT on Tuesday, Tusk's spokesman reported.

Tue, 11 Dec 2018 11:17:40 GMT

Economic sentiment increases in Germany

The ZEW research institute published on Monday their German economic sentiment research results. In general, the sentiment revealed that German businesses expect economic conditions to improve in the upcoming months.

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