News

Mon, 03 Dec 2018 07:36:26 GMT

Israel's Elbit wins intelligence systems deal with Asia-Pacific

Elbit Systems, the Israeli defense electronics company, announced it won a $112M deal from Asia-Pacific country, which allows it to supply the advanced airborne intelligence systems.

Mon, 03 Dec 2018 07:31:13 GMT

RPC halts takeover talks with Bain, but extends deadline for Apollo

On Monday, RPC Group stated it had halted the takeover talks with Bain Capital and extended the deadline for Apollo Global Management until December 21 to make a firm proposal or walk away.

Mon, 03 Dec 2018 06:04:58 GMT

Australia's GrainCorp gets $1.8B takeover bid from little-known firm

A little-known asset management firm made an unsolicited $1.8B takeover bid for GrainCorp, Australia's biggest bulk grain handler, the company announced on Monday, adding its shares soared almost a third higher.

Mon, 03 Dec 2018 05:56:59 GMT

Deutsche Bank head allays concerns on bank takeover

Deutsche Bank's Chief Executive dismissed any speculation about a potential takeover, after the bank's shares dropped to the record-low on Friday amid the money laundering scandal it had been involved in.

Mon, 03 Dec 2018 05:39:45 GMT

Several EU countries to order diesel recalls

According to Germany's Bild am Sonntag weekly newspaper, a few European countries are set to impose vehicle recalls by automakers, such as Nissan, Renault and Suzuki, over cheating on diesel emissions.

Mon, 03 Dec 2018 05:35:43 GMT

Qualcomm views prospect for NXP takeover closed

Qualcomm, the US smartphone chip manufacturer, stated on Monday it had seen no prospect for the NXP Semiconductors acquisition, as the deadline for the transaction expired before the US and China leaders' comments on its approval.

Mon, 03 Dec 2018 04:14:52 GMT

Japan's factory activity grows at weakest rate since August 2017

Japan's manufacturing activity expanded at the slowest pace in more than a year in November, as increase in new orders weakened, in a warning sign that economic expansion could be subdued in the Q4.

Mon, 03 Dec 2018 04:10:08 GMT

Calastone to switch fund transaction network to blockchain

Calastone, the investment funds transaction network, stated that it is set to shift the entire system to blockchain next year, in a move that is likely to slash costs for the sector.

Mon, 03 Dec 2018 03:26:56 GMT

Japanese corporate investment slows markedly

Japan's corporate capital expenditure increased for an eighth quarter in succession in July-September, though the growth slowed markedly, raising doubts over the strength of business activity due to global trade frictions.

Mon, 03 Dec 2018 03:23:41 GMT

China's factory activity up in November

The Chinese factory activity grew modestly in November, while new export orders kept declining in a further blow to the sector hurt by the Sino-US trade conflict.

Sun, 02 Dec 2018 20:57:12 GMT

Amazon tests cashierless stores

The Wall Street Journal reported on Sunday that Amazon is testing the company's cashierless technology for larger stores in Seattle.

Sun, 02 Dec 2018 20:56:19 GMT

Oil Minister of Oman comments on output cuts

On Sunday, the Oil Minister of Oman Mohammed bin Hamad announced that he believes that there is consensus favouring output cuts among oil producing countries.

Sun, 02 Dec 2018 20:29:32 GMT

Mexican new President battles violence

On the first day in office, the President of Mexico Andres Manuel Lopez Obrador announced a plan to end violence in the country with a renewed national guard.

Sun, 02 Dec 2018 20:28:40 GMT

Trump will notify Congress about NAFTA termination

On Sunday, it was announced by the White House that the US President intends to give formal notice about the termination of NAFTA in the near future to the US Congress.

Sun, 02 Dec 2018 18:51:04 GMT

Hearing of Google CEO is expected to be postponed

On Sunday, it was revealed that most likely the US House of Congress Judiciary Committee will postpone the hearing of the Google CEO. It will occur due to the state funeral of ex-President Bush.

Sun, 02 Dec 2018 18:50:57 GMT

China agrees to buy US goods

During the G20 summit on Sunday a statement released by the US and China revealed that China has agreed upon buying agricultural, industrial and energy products from the United States.

Sun, 02 Dec 2018 18:26:14 GMT

Details of US and China trade deal are published

The United States and China have agreed at the G20 summit that there will no tariff increases from both sides during the next 90 days. During the period a trade agreement will be negotiated.

Sun, 02 Dec 2018 18:25:42 GMT

Trump and Xi Jinping make a trade deal

During the G20 meeting in Argentina on Sunday the leaders of the United States and China made an agreement to not escalate tariffs on the first of January.

Sun, 02 Dec 2018 16:44:54 GMT

Nexstar will acquire Tribune Media

On Sunday, it was announced that Nexstar have secured a $4.1 billion deal to acquire Tribune Media. The deal will make Nexstar the largest regional US TV station operator.

Sun, 02 Dec 2018 16:41:40 GMT

Macron considers announcing state of emergency

As riots raged on Sunday in the central part of Paris, the President of France met with his security chiefs for a discussion. Although, the ministers denied that the meeting was about the riots.

Sun, 02 Dec 2018 16:20:08 GMT

Germany wants to attract investment for Africa

The Development Minister of Germany Gerd Mueller announced on Sunday that he is seeking a way to attract more private fund investment to Africa. The announcement comes at a time when Chinese government is investing heavily in Africa.

Sun, 02 Dec 2018 16:19:11 GMT

Germany will propose new UN initiative

It was announced by Reuters on Sunday that Germany is preparing to unveil a new initiative at the next week's UN climate talks.

Sun, 02 Dec 2018 14:56:46 GMT

Climate talks start in Polish city Katowice

Delegates from 200 nation started two weeks of talks aimed to tackle political divisions at the UN meeting over global warming.

Sun, 02 Dec 2018 14:53:54 GMT

Saudis, Colombia to enhance cooperation

Saudis and non-OPEC producer Colombia announced plans to strengthen energy cooperation, the Energy Minister of Saudi Arabia Khalid al-Falih stated.

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