News

Tue, 04 Dec 2018 15:39:43 GMT

Italy sets new date for hearing over Mediaset-Vivendi row

Italy's judge set March 12 as a new date for the hearing over the failed pay-television deal between France's media group Vivendi and the broadcaster Mediaset.

Tue, 04 Dec 2018 15:34:30 GMT

NordLB stake faces delays, bidders asked to elaborate offers

NordLB's stake sale was delayed as its bidders, Apollo and Cerberus, had been asked to refine their proposals for the German public-sector bank.

Tue, 04 Dec 2018 14:39:23 GMT

Saudi Arabia not seek to engage in WTO row with Qatar

On Tuesday, Saudi Arabia has refused to engage in the World Trade Organisation dispute that had been brought by Doha, claiming Saudi Arabia violated the Qatari intellectual property.

Tue, 04 Dec 2018 14:32:28 GMT

Altria in talks with Cronos Group over investment

Altria Group, the Marlboro cigarette producer, is in talks with Cronos Group, Canada's cannabis producer, about a possible investment.

Tue, 04 Dec 2018 13:35:31 GMT

Exxon plans stake sale in Azerbaijan's oil field

Exxon Mobil is planning its stake sale in the Azeri oil field giant ACG, seeking to attract up to $2.0B amid company's intention to re-focus its global operations.

Tue, 04 Dec 2018 13:30:16 GMT

Daimler increases prospect of raising stake in BAIC

The German automaker Daimler has enhanced the likelihood of boosting its stake in the joint venture established together with its China's partner BAIC Motor, according to Bloomberg.

Tue, 04 Dec 2018 12:12:09 GMT

Australia's BGC picks Macquarie for potential $1.5B sale

On Tuesday, the Australian privately-held company BGC announced it had hired Macquarie Group, as it sought for a buyer to sell its business unit in a potential deal that could fetch $1.5B.

Tue, 04 Dec 2018 12:07:03 GMT

Walmart's Landec buys Yucatan Foods in $80M deal

Walmart's supplier Landec acquired the guacamole firm Yucatan Foods for about $80M, as the company seeks to expand its footprint in the market of natural foods.

Tue, 04 Dec 2018 10:54:03 GMT

China plans to restructure dormant firms

Chinese officials on Tuesday announced that dormant firms that still have value will be forced to restructure in an effort to decrease soaring corporate debt.

Tue, 04 Dec 2018 10:53:18 GMT

UK firms warn about possible output decrease

On Tuesday, the Bank of England published the results of a survey of UK firms. The survey revealed that most UK businesses would cut their output, if the UK leaves the EU via a hard Brexit.

Tue, 04 Dec 2018 10:36:38 GMT

Teck Resources unveils $1.2B deal with Quebrada Blanca

On Tuesday, Teck Resources announced that the Japanese miner Sumitomo Metal Mining and Sumitomo Corp had agreed to acquire an indirect interest worth 30% in Quebrada Blanca for $1.2B.

Tue, 04 Dec 2018 09:00:58 GMT

Centerbridge, Ace Hardware tie up over Sears' unit

Investment company Centerbridge Partners and retailer Ace Hardware are together exploring a potential offer for the bankrupt home services division, owned by Sears Holdings, which would compete Chairman Eddie Lampert's expected bid for the unit.

Tue, 04 Dec 2018 08:55:55 GMT

KKR plans $366M investment into Singapore's V3 Group

The private equity group KKR & Co is set to make an investment worth $366.30M into the Singaporean specialty retailer V3 Group, as it seeks to take the firm's "significant stake", V3 Group announced on Tuesday.

Tue, 04 Dec 2018 08:39:59 GMT

Brazil's watchdog raises competition concerns about Disney-Fox deal

On Monday, the Brazilian antitrust regulator Cade ha raised concerns over the Walt Disney's takeover of the 21 Century Fox's entertainment assets due to a potential undermining competition on the cable TV market.

Tue, 04 Dec 2018 08:35:53 GMT

TIBCO Software to acquire Orchestra Networks

The large privately-owned business software provider, TIBCO Software, has agreed to acquire France's data management firm Orchestra Networks, as it seeks to boost the company's ability to help customers organise their data.

Tue, 04 Dec 2018 05:42:58 GMT

Asian stock markets decline

On Tuesday morning, as the rally caused by the trade truce ended, Asian stock market indices declined. The main reason for the decline were doubts about the execution of the trade agreement.

Tue, 04 Dec 2018 05:42:31 GMT

US expects immediate action from China

On Tuesday, it was announced by US officials that they expect China to act immediatel in regards to cutting tariffs on US auto imports and ending intelectual property theft.

Tue, 04 Dec 2018 05:25:32 GMT

USD weakens on Tuesday morning

During the Asian session on Tuesday the value of the US Dollar declined. The financial media blamed the fall of US Treasury yields as the reason for the decline.

Tue, 04 Dec 2018 05:25:04 GMT

Reserve Bank of Australia keeps rates unchanged

On Tuesday, the Reserve Bank of Australia made a central bank rate announcement. The RBA kept their interest rate unchanged by keeping it at 1.5%.

Tue, 04 Dec 2018 03:57:45 GMT

Nexstar to purchase Tribune Media for $4.1B

Nexstar Media Group stated that it agreed to buy Tribune Media Company for nearly $4.1B in cash in a deal, which would make it the biggest regional US TV station operator.

Tue, 04 Dec 2018 03:57:40 GMT

Sharp lays off 3K foreign staff

Sharp decided to lay off more than 3K foreign workers in Japan, as the Apple supplier moved iPhone sensors production to China's plant owned by Foxconn.

Tue, 04 Dec 2018 02:53:15 GMT

British consumer spending weakens in preparation to Brexit

The UK consumer spending rose last month at the slowest pace within a year, with sales on Black Friday failing to reduce the lack of confidence over the economy before Brexit, industry data revealed.

Tue, 04 Dec 2018 02:46:23 GMT

PBoC to keep its monetary policy flexible

The Central Bank of China is set to keep monetary policy flexible and adjust it appropriately according to changes in the local economic situation, the Bank's Governor Yi Gang stated.

Mon, 03 Dec 2018 20:41:53 GMT

Economists expect three Canadian rate hikes

A survey published by Reuters on Monday revealed that economists expect the Bank of Canada to hike their interest rate three times during 2019. In general the Bank of Canada is set to follow the directions of the Federal Reserve.

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