News

Tue, 27 Nov 2018 20:56:08 GMT

Trump says White House may cut off GM subsidies

On Tuesday, the US President Donald Trump said that the White House might cut off General Motors subsidies after job cuts.

Tue, 27 Nov 2018 20:02:27 GMT

Trump to meet with leaders of Japan, Russia, Germany and Argentina at G20

On Tuesday, the White House spokesperson said that the US President Donald Trump would have meetings with the leaders of Russia, Japan, Argentina and Germany at the G20 summit.

Tue, 27 Nov 2018 20:02:08 GMT

White House: Top Mexican and US officials to meet on border issues

On Tuesday, a top White House official said that the US Secretary of State Mike Pompeo would meet with the incoming Mexican Foreign Minister to discuss immigration and the border issues.

Tue, 27 Nov 2018 19:16:04 GMT

Italy's prosecutors conclude Gucci tax evasion probe

Italy's prosecutors have concluded their investigation into a tax evasion of about $1.13 billion by fashion designer Gucci.

Tue, 27 Nov 2018 19:12:07 GMT

El-Erian says Cryptocurrencies are here to stay

Mohamed El-Erain, the Chief Economic Adviser at Allianz group, said on Tuesday that Cryptocurrencies would survive sell-off.

Tue, 27 Nov 2018 18:33:15 GMT

Japan's Abe welcomes Theresa May's Brexit deal

Japan's Prime Minister Shinzo Abe has welcomed a progress made by his British counterpart Theresa May to secure the Brexit deal with the EU bloc during their phone call on Tuesday.

Tue, 27 Nov 2018 18:29:58 GMT

Oil prices drop over 1% ahead of OPEC, G20 meetings

On Tuesday, oil prices dropped more than 1% along the falling stock markets after the US President Donald Trump announced about his intention to raise China tariffs ahead of the upcoming OPEC meeting and G20 summit.

Tue, 27 Nov 2018 17:05:47 GMT

La Mancha seeks expansion in Africa, Barrick mines takeovers

La Mancha Group is planning to expand its African footprint by acquiring more gold mines on the continent, as well as Barrick Gold's and Randgold Resources' gold mines after their merger.

Tue, 27 Nov 2018 16:59:58 GMT

Mediaset keeps AGM doors closed to trust

Italy's court has rejected a request made by Vivendi's trust company Simon Fiduciaria, which was aimed to suspend two decisions passed by the Mediaset's shareholder meeting in June.

Tue, 27 Nov 2018 16:37:03 GMT

Rheinmetall enters talks to acquire rival Krauss-Maffei stake

Rheinmetall has entered talks over acquisition of its rival KMW+Nexter Defense Systems' stake, sending its own shares up 6.5% on the announcement.

Tue, 27 Nov 2018 16:28:20 GMT

General Atlantic leads $64M investment in Brazil's QuitoAndar

General Atlantic, the private equity group, has led a $64.18M investment and took over an undisclosed stake in QuintoAndar, Brazil's residential rental website, both firms reported on Tuesday.

Tue, 27 Nov 2018 15:39:45 GMT

Trump plans to increase China tariffs

The US President Donald Trump stated he expected to raise the tariffs on the $200B in China imports to 25% from the current 10%.

Tue, 27 Nov 2018 15:37:27 GMT

Uber fined by UK, Dutch regulators for 2016 data hack

On Tuesday, the Dutch and British regulators imposed a fine on the ride-hailing service Uber, as it failed to protect personal information of its customers during a cyber attach that took place in 2016.

Tue, 27 Nov 2018 13:53:55 GMT

Shell wins antitrust clearance to buy 15% stake in Toll4Europe

Royal Dutch Shell has received an antitrust approval for its unit's deal to acquire a 15% stake in the Deutsche Telekom's electronic toll service supplier, Toll4Europe, the German firm announced on Tuesday.

Tue, 27 Nov 2018 13:51:53 GMT

Alliance Data Systems considers opportunities for Epsilon arm

Alliance Data Systems, the credit card and loyalty programme company, stated on Tuesday it was exploring potential options for Epsilon, its marketing division, including a possible sale of the firm.

Tue, 27 Nov 2018 13:05:34 GMT

France to think over stake raise in EDF

The French government is set to consider raising a stake in the energy utility EDF and is planning to ask the firm to make proposals over changing its structure.

Tue, 27 Nov 2018 12:38:45 GMT

Bain Capital explores takeover offer for Osram

Bain Capital is considering to make a takeover proposal for Germany's Osram, sending the lighting group's shares up 15% on Tuesday after announcing the news.

Tue, 27 Nov 2018 11:15:06 GMT

Ukrainian grain shipments are expected to fall

Ukrainian authorities have announced that grain shipments outgoing from Ukrainian ports in the Azov Sea are expected to decrease due to recent hostilities.

Tue, 27 Nov 2018 11:13:51 GMT

EU Economics Commissioner comments on Italian budget

On Tuesday, the European Union's Economics Commissioner announced that he is open to talks with the government of Italy to reach a solution to the Italian budget deficit.

Tue, 27 Nov 2018 10:35:40 GMT

Tages in talks to acquire Glennmont's solar plants

Investment fund Tages entered exclusive talks to acquire Italy's solar power factories that Glennmont Partners had put up for a sale, sources reported on Monday.

Tue, 27 Nov 2018 10:32:24 GMT

Paychex to acquire Oasis Outsourcing in $1.2B deal

The Payroll processor Paychex announced on Monday it would acquire the Oasis Outsourcing Acquisition in a cash-deal valued at $1.2B, as it sought entering new markets and expanding its HR outsourcing services.

Tue, 27 Nov 2018 09:38:43 GMT

Faroe Petroleum drops DNO's hostile bid

Faroe Petroleum has rejected a hostile proposal from the Norwegian firm DNO this Monday, claiming DNO substantially undervalued the firm.

Tue, 27 Nov 2018 09:24:12 GMT

Getty Images gets $500M investment from Koch Industries

Koch Industries unit has made an investment worth $500M into Getty Images, the US photo agency, but it will not have any input into the firm's editorial or content coverage.

Tue, 27 Nov 2018 08:06:44 GMT

WPP merging JWT with digital unit Wunderman

WPP is combining its famous ad agency JWT with its digital unit Wunderman amid global restructurisation, the company announced on Tuesday.

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