News

Fri, 07 Dec 2018 09:21:21 GMT

Fosun Tourism attracts $428M in HK listing

On Friday, the Chinese Fosun Tourism Group reported it had attracted $428M in its Hong Kong's initial public offering, pricing the company's shares at the lowest of the indicated range.

Fri, 07 Dec 2018 07:59:40 GMT

South Korea plans to buy dozens of US missiles for Aegis jets

South Korea is planning to acquire dozens of the US missiles for its Aegis destroyers, in a deal valued at $300M, as it seeks to bolster defence against North Korea, despite Seoul's intentions to cut tension with Pyongyang.

Fri, 07 Dec 2018 07:54:41 GMT

China's WuXi AppTec attracts $1.0B in HK IPO

WuXi AppTec, China's medical tech platform, has attracted $1.01B in its initial public offering in Hong Kong, pricing its shares at $8.71, which is the middle of the set price range, bringing the company's value to $10.2B.

Fri, 07 Dec 2018 07:39:27 GMT

Baring Private Equity plans $904M investment in Japan's Pioneer

Baring Private Equity Asia, the Japanese buyout firm, is planning to invest $904M into the audio systems producer Pioneer with intention to restore the firm's financial health, Pioneer announced on Friday.

Fri, 07 Dec 2018 07:35:56 GMT

Walmart buys Art.com amid online offering expansion

On Thursday, Walmart announced it had acquired the retailer Art.com, not disclosing the financial details of the deal, as the company sought to expand its online offerings and bolster home decor business.

Fri, 07 Dec 2018 06:20:55 GMT

Kuroda backs BoJ ETF purchases

The Bank of Japan Governor Haruhiko Kuroda stated on Friday that the Bank's decision to start buying exchange-traded funds (ETF) was rational and all talks about ending of purchases are premature.

Fri, 07 Dec 2018 06:13:48 GMT

Chinese media call for bigger budget deficit

The China Securities Journal wrote on Friday that the government must adopt larger budget deficit next year in order to maintain growth of the economy.

Fri, 07 Dec 2018 05:25:14 GMT

Japan to indict ex-Nissan Chair on Monday

According to the Nikkei Business Daily, Japanese prosecutors will indict Carlos Ghosn, the ex-Nissan Motor Co Ltd Chair, next Monday for financial misconduct.

Fri, 07 Dec 2018 05:19:06 GMT

WH to nominate Nauert as ambassador to UN

According to White House officials, Donald Trump is planning to nominate Heather Nauert, the US State Department Spokeswoman, as the new US Ambassador to the United Nations (UN).

Fri, 07 Dec 2018 04:34:31 GMT

Japan to ban ZTE, Huawei from government purchases

Japan is set to ban government equipment purchases from China's ZTE and Huawei Technologies to beef up the defences against cyber attacks and intelligence leaks.

Fri, 07 Dec 2018 04:31:20 GMT

FCA to add Jeep assembly factory in Detroit

Fiat Chrysler Automobiles announced plans to construct Jeep Grand Cherokee SUVs in the company's Detroit plant by 2020, four sources familiar with the matter stated.

Fri, 07 Dec 2018 03:39:53 GMT

Japan's household spending falls in October

The Japanese household spending fell in October, while real wages dropped for a third month in succession, adding to concerns over the strength of the country's economy.

Fri, 07 Dec 2018 03:37:40 GMT

Mexican auto production, exports dip last month

Mexico's automobile exports and output fell slightly in the months of November compared with the same period last year.

Thu, 06 Dec 2018 21:06:13 GMT

US Senate backs Kraninger candidacy

On Thursday, the US Senate backed the US President Donald Trump's nominee Kathleen Laura Kraninger to chair the Consumer Financial Protection Bureau.

Thu, 06 Dec 2018 21:01:07 GMT

Brazilian court stops Embraer-Boeing deal

According to sources familiar with the matter, a Brazilian federal court ruled to disallow Embraer's board to sign a deal with Boeing, which resulted in 2.4% shares drop of the South American plane maker.

Thu, 06 Dec 2018 20:10:50 GMT

Canada denies link between Huawei CFO detention and politics

On Thursday, the Prime Minister of Canada Justin Trudeau categorically denied that his government was somehow involved in arrest of the Huawei CFO Meng Wanzhou.

Thu, 06 Dec 2018 20:05:29 GMT

US becomes net oil exporter

According to data released by the US Energy Department, the volume of exported crude oil last week for the first time exceeded the volume of imported commodity, thus making the country a net oil exporter.

Thu, 06 Dec 2018 19:01:01 GMT

Ex-US Attorney General Barr likely to get back to job

William Barr, the former US Attorney General, who served under the ex-President George H.W. Bush, might return to his job soon, being the leading nominee to replace Jess Sessions.

Thu, 06 Dec 2018 18:53:51 GMT

Noble Group's debt rescue plan at risk as Singapore bans listing

On Thursday, Singapore's authorities stated they were set to block the shares re-listing of Noble Group, putting the company's $3.5B worth debt rescue plan at risk.

Thu, 06 Dec 2018 18:33:29 GMT

EU makes proposal to Switzerland over stock exchanges

The European Union is set to make an offer to the Swiss stock exchanges to give it two more years of rights to lead operations in the EU bloc, if the country's government grants an approval to the overall deal regarding their future relations.

Thu, 06 Dec 2018 18:27:58 GMT

Kroger posts drop inn quarterly same-store sales

On Thursday, the US supermarket chain Kroger has reported its quarterly same-store sales plunged short of estimates, beat by disruptions caused by stores' revamping and sending the company's shared down nearly 3%.

Thu, 06 Dec 2018 17:18:58 GMT

Israel's InterCure prepares for Nasdaq listing

Israeli medical cannabis firm InterCure is preparing for a listing on Nasdaq in the middle of the next year, according to the company's major shareholder Alex Rabinovitch.

Thu, 06 Dec 2018 17:11:24 GMT

Jet Airways promises to clear salary delay by April

On Thursday, the Indian indebted carrier Jet Airways has promised to its pilot union that it would clear all salary backlogs by April 2019, providing them with a schedule showing the payout dates.

Thu, 06 Dec 2018 16:29:18 GMT

China grants approval to Lumentum to buy Oclaro

The US company Lumentum Holdings has received China's antitrust approval for a takeover of Oclaro that had been valued at $1.7B.

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