News

Wed, 24 Oct 2018 02:28:08 GMT

LG Display swings to Q3 profit over seasonal price increase

South Korea's LG Display posted a 76% fall in profit in the Q3 compared with 2017, after two quarters of consecutive declines, supported by increased seasonal panel prices.

Tue, 23 Oct 2018 19:51:25 GMT

Kraft Heinz plans Indian businesses sale to Zydus

Kraft Heinz is set to sell a part of its Indian businesses, including Complan children's drink brand, to India's drugmaker Zydus Wellness, according to a Bloomberg report published on Tuesday.

Tue, 23 Oct 2018 19:51:17 GMT

Dyson to build electric vehicle in Singapore

The British billionaire James Dyson has selected Singapore over Britain to manufacture his electric vehicle, as he seeks to be closer to the Asian supply chains, customers and highly skilled workforce.

Tue, 23 Oct 2018 18:56:38 GMT

Siemens and Alstom to get EU antitrust warning over rail merger

Alstom and Siemens will face the EU antitrust warning this week over their plans to establish the Franco-German rail champion that might hurt competition in the view of the European Commission.

Tue, 23 Oct 2018 18:55:57 GMT

Thyssenkrupp picks investment banks as advisors on split

Thyssenkrupp stated on Tuesday it had hired the investment banks, such as Deutsche Bank, Goldman Sachs and JP Morgan, as advisors on the German conglomerate's future split of the capital goods business.

Tue, 23 Oct 2018 17:58:22 GMT

Chilean Court postpones hearing into SQM-Tianqi sale

Chile's Constitutional Court has delayed its decision making on the domestic lithium miner SQM sale to China's company Tianqi until Thursday.

Tue, 23 Oct 2018 17:52:11 GMT

Israeli Defence Minister halts IAI's IPO amid security fears

The Israeli Defence Minister has halted the preparations for the Israel Aerospace Industries' initial public offering, citing security breach concerns, according to the local business newspaper Globes.

Tue, 23 Oct 2018 16:52:52 GMT

Generali acquires Poland's Union Investment TFI

The Italian top insurer Generali has acquired Union Investment TFI, the Polish asset manager, as it seeks to bolster its position in the Eastern and Central Europe.

Tue, 23 Oct 2018 16:52:12 GMT

Helios & Matheson to establish MoviaPass as separate firm

On Tuesday, Helios and Matheson Analytics stated it would spin off MoviePass, its theatre and film subscription service, into the separate public firm.

Tue, 23 Oct 2018 15:50:49 GMT

Providence Service thinks over selling itself

The US non-emergency medical transportation services' biggest operator Providence Service is considering a sale after raising the private equity firms' interest, sending its shares up 7% to $69.01 on Monday.

Tue, 23 Oct 2018 15:50:13 GMT

Harris Associates acquires Thyssenkrupp's 3.08% stake

The US fund manager Harris Associates has bought a 3.08% stake in Thyssenkrupp, as Germany's conglomerate struggles to restructure itself due to activist pressure.

Tue, 23 Oct 2018 14:50:41 GMT

British firm O2 postpones IPO amid Brexit uncertainty

Britain's mobile operator O2, owned by the Spanish group Telefonica, has delayed its planned $13B initial public offering, citing the Brexit uncertainty, according to the Press Association.

Tue, 23 Oct 2018 14:48:44 GMT

Freudenberg selects investments banks for Vibracoustic IPO

Germany's technology company Freudenberg has hired investment banks, such as Morgan Stanley and JP Morgan, to lead its initial public offering of the Vibracoustic unit, scheduled for the next year.

Tue, 23 Oct 2018 14:32:02 GMT

SoftBank head Son cancels his speech at Saudi conference

SoftBank Group's CEO Masayoshi Son has cancelled his speech at the Saudi investment conference scheduled for this week, after his $93B Vision Fund had drawn about half of money from the kingdom.

Tue, 23 Oct 2018 14:28:47 GMT

Tesla's shares rise on on critic Citron Research going "long" on stock

On Tuesday, shares of Tesla increased about 7% after the short-seller and long-time critic Citron Research had changed its view on the stock from "short" to "long".

Tue, 23 Oct 2018 13:34:04 GMT

Turkey's Yildiz to sell Godiva Japan in auction

Turkey's Yildiz Holding has started the Godiva Japan business unit's sale, sources reported, with its auction first round planned to close in the beginning of the next month.

Tue, 23 Oct 2018 13:29:48 GMT

Australian consortium kicks off IPO of online property services PEXA

Australian Macquarie-led consortium has launched an IPO of the online property services company PEXA, aiming to attract up to A$862M, according to float managers' statement.

Tue, 23 Oct 2018 11:58:13 GMT

Vietnam picks Communist Party head as President

On Tuesday, the General Secretary of the Vietnamese ruling Communist Party Nguyen Phu Trong has been elected as the country's President, becoming the first leader to hold the two titles at the same time.

Tue, 23 Oct 2018 11:51:54 GMT

Ford to stop car production in Spain for nine days

The US auto producer Ford Motor is set to halt its vehicle production for nine days at its Spain's Almussafes plant in November amid lower demand for the company's vehicles.

Tue, 23 Oct 2018 11:36:14 GMT

Hanergy Thin Film to be taken private at $27B valuation

Hanergy Thin Film will be taken private by the group's parent Hanergy Mobile Energy in a deal valued at no less than $27B with the further relisting in China.

Tue, 23 Oct 2018 11:31:47 GMT

China's Ant Financial to invest $100M into StoneGo IPO

Brazil's card processor StoneGo stated in a Monday security filing that China's Ant Financial had committed to make an investment of $100M in the firm's planned initial public offering.

Tue, 23 Oct 2018 10:06:49 GMT

Saudi Aramco CEO speaks out about sovereign debt

The CEO of the state owned oil company Saudi Aramco revealed on Tuesday that investors no longer have concerns about a Saudi Arabian government default.

Tue, 23 Oct 2018 10:05:39 GMT

Saudi Aramco will sign new deals

On Tuesday, Saudi state owned TV announced that the Saudi Aramco company is set to sign new deals worth $50 billion during an investment conference in Riyadh.

Tue, 23 Oct 2018 09:37:23 GMT

Dreyfus' Biosev arm discusses selling more assets

The Brazilian ethanol and sugar producer unit Biosev, owned by Louis Dreyfus, is negotiating a sale of more assets in Brazil, seeking to trim debt.

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