News

Mon, 10 Dec 2018 19:38:31 GMT

Junshi Biosciences seeks raising up to $414M in HK IPO

Shanghai Junshi Biosciences, China's biotech company, is hoping to attract up to $414M in its planned initial public offering in Hong Kong by selling 158.9M of its shares at the price range of $2.48-$2.61.

Mon, 10 Dec 2018 19:32:02 GMT

Elliott, Siris take Travelport private in $4.4B deal

The buyout companies Elliott Management and Siris Capital Group are set to take Travelport Worldwide private in a $4.4B deal, after Elliott's eight month-long efforts to acquire the travel software firm alone.

Mon, 10 Dec 2018 18:25:20 GMT

ECB, BoE eye agreement over bank supervision after Brexit

The Bank of England and the European Central Bank are set to work on a deal laying out post-Brexit treatment of banks in their respective jurisdictionst, Ignazio Angeloni stated.

Mon, 10 Dec 2018 18:03:14 GMT

Turkey's CB keeps rates steady, as inflation growth eases

The Central Bank of Turkey is expected to hole the key interest rate unchanged at 24% this week, a Reuters poll revealed, after a bigger-than-anticipated decline in inflation last month.

Mon, 10 Dec 2018 17:32:18 GMT

US inflation expectations dip slightly

One measure of the US inflation expectations feel a bit in the month of November, while another gauge remained unchanged for an eighth month in succession, according to the New York Fed survey.

Mon, 10 Dec 2018 17:28:11 GMT

Britain's economic growth weakens

The UK economy lost growth pace in line with expectations in the three-month period to October, reflecting factory stoppages and declining car sales amid weaker demand, raising questions over the economy's health before Brexit.

Mon, 10 Dec 2018 16:33:43 GMT

Ferrero seeks acquiring Campbell's international business

Nutella maker Ferrero SpA has raised its interest in acquiring Campbell Soup's international business, including biscuit brand Arnott's, in a deal that could be valued at over $2.0B.

Mon, 10 Dec 2018 16:30:02 GMT

Tivity Health to acquire Nutrisystem in $1.4B deal

On Monday, Tivity Health announced it would acquire Nutrisystem, the diet plan developer, in a cash and stock deal worth $1.4B, as it sought to expand its footprint in the weight management market.

Mon, 10 Dec 2018 14:58:49 GMT

SoftBank's IPO reaches a record sum

The initial public offering of SoftBank Group is scheduled to raise $23.5 billion. This IPO will be the biggest in Japan's history.

Mon, 10 Dec 2018 14:58:37 GMT

Head of Japan Investment Corp resigns

Amid a dispute about the pay of the management, the head of the state-backed Japan Investment Corp Masaaki Tanaka resigned on Monday.

Mon, 10 Dec 2018 13:49:27 GMT

Equinor stops part of gasoline production

On Monday, the Equinor Mongstad crude oil refinery in Norway evacuated nearly 300 of its workers after a production leak. The event is set to influence both the crude oil market and the value of the company.

Mon, 10 Dec 2018 13:49:19 GMT

Chinese state media reveals opinion on Huawei CFO

As the CFO of Huwaei was being prosecuted in Canada, Chinese state media distanced the event from the US-China trade relations. This indicates that the trial should not affect Sino-US trade relations.

Mon, 10 Dec 2018 12:43:04 GMT

Ghosn is formally charged

The chairman of Renault-Nissan has been formally charged for financial misconduct. Namely, he is being charged for under-reporting income.

Mon, 10 Dec 2018 12:42:56 GMT

Stock selloff continues on Monday

As global stock exchanges resumed trading on Monday, stock prices continued to decline. Financial media quoted US-China tensions as the reason for the decline.

Mon, 10 Dec 2018 11:54:52 GMT

Long distance rail strikes stop traffic

On Monday, the German economy suffered due to a four hour strike of long distance rail traffic operators. Both passenger and freight traffic was affected by the strike.

Mon, 10 Dec 2018 11:54:46 GMT

EU court allows unilateral Brexit stop

The top court of the European Union on Monday ruled that the UK can unilaterally revoke the country's divorce notice, stopping Brexit.

Mon, 10 Dec 2018 11:23:14 GMT

Oil prices drops amid bearish moods

Crude oil prices decreased by 98 cents on Monday morning, reaching $51.63 a barrel, amid overall declines in world stock markets.

Mon, 10 Dec 2018 11:20:44 GMT

Germany accepts ECJ ruling on Brexit

The German government said on Monday it accepted the European Court of Justice (ECJ) decision that the United Kingdom had a right to unilaterally cancel Brexit.

Mon, 10 Dec 2018 10:45:29 GMT

Austrian retailers file a complaint against Amazon

Various retailer in Austria have filed an official complaint against Amazon. The Austrian Federal Competition Authority only commented that the complaint is being examined.

Mon, 10 Dec 2018 10:44:40 GMT

Huawei CFO hearing continues

On Monday, the hearing of the detained Huawei CFO in Canada resumed. Meanwhile, Chinese officials were increasing pressure on Canada to release the CFO.

Mon, 10 Dec 2018 10:06:50 GMT

Daniel O'Day becomes Gilead Sciences CEO

Daniel O'Day, the head of Roche Holding AG's pharmaceuticals business, became the new CEO of drug manufacturer Gilead Sciences Inc.

Mon, 10 Dec 2018 10:02:29 GMT

Euro Zone investors' confidence drops to four-year minimum

According to survey data published on Monday, the Euro Zone investors' sentiment dropped from 8.8 in November to -0.3 in December, thus reaching a four-year low.

Mon, 10 Dec 2018 09:32:28 GMT

No deal Brexit to cost Netherlands $2.6B

The Dutch Court of Audit stated on Monday that in case Britain withdraws from the European Union without a final deal, it will cost the country at least $2.6B in the following five years.

Mon, 10 Dec 2018 09:22:45 GMT

Israel joins FATF

The Justice Ministry of Israel announced on Monday that the country became a full member of the anti money laundering and anti terrorism funding international body Financial Action Task Force (FATF).

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