News

Wed, 10 Oct 2018 14:38:07 GMT

GMF AeroAsia signs partnerships with China CC, Air France KLM

Indonesia's GMF AeroAsia agreed to the deals with China Communications Construction and Air France KLM's aircraft maintenance unit worth a combined $900M, its CEO reported on Wednesday.

Wed, 10 Oct 2018 14:30:45 GMT

US Justice Dept. likely to approve CVS takeover of Aetna

The US Justice Department is likely to grant its approval to the drug retailer CVS Health's takeover of the health insurer Aetna as soon as this Wednesday.

Wed, 10 Oct 2018 13:04:46 GMT

Allseeds plans IPO overseas in next four years

Ukraine's Allseeds is planning to launch an initial public offering overseas in the following four years, the company's CEO Viacheslav Petryshche stated in an interview on Wednesday.

Wed, 10 Oct 2018 12:58:52 GMT

Parkland Fuel to acquire majority stake in SOL Investments

Canada's petroleum product marketer Parkland Fuel has agreed to take a 75% stake in the privately-owned fuel marketer SOL Investments and its subsidiaries in a deal worth $1.21B.

Wed, 10 Oct 2018 12:39:55 GMT

Nvidia seeks to outrace rival Intel with new software

Nvidia Corp, the graphics chipmaker, is seeking to woo business analysts and surpass its rival Intel Corp in the computing market by launching a new software tools on Wednesday.

Wed, 10 Oct 2018 12:34:52 GMT

Snapchat unveils new scripted shows to boost user amount

On Wednesday, Snap has unveiled new scripted shows for Snapchat, the company's photo messaging app, set for a launch this fall, as the company seeks to boost the slowdown in its users.

Wed, 10 Oct 2018 10:53:12 GMT

Deutsche Telekom to release commercial 5G operations in Germany

The CEO of Germany's Deutsche Telekom Tim Hoettges stated that his company was set to launch the commercial 5G operations in the country in 2020, seeking to keep up the network investments pace.

Wed, 10 Oct 2018 10:52:47 GMT

Volvo to use Nvidia's AI computer in next-generation vehicles

On Wednesday, the graphics chipmaker Nvidia stated it would supply its artificial intelligence computer for the next-generation vehicles of the Swedish carmaker Volvo to deliver the autonomous features.

Wed, 10 Oct 2018 10:09:06 GMT

British economy stagnates

The UK's monthly GDP data released on Wednesday showed that the economic growth has stagnated during the last month.

Wed, 10 Oct 2018 10:08:40 GMT

UK expects 5,000 finance job exodus

On Wednesday, UK's Financial Services Minister announced that the government is expecting at least 5,000 financial services jobs to leave the UK on Brexit day.

Wed, 10 Oct 2018 09:14:23 GMT

Australia's Navitas receives $1.4B takeover bid

Australia's Navitas received a $1.4B takeover offer from the local private equity group and its co-founder, sending the tuition provider's shares up 20% on Wednesday.

Wed, 10 Oct 2018 09:09:25 GMT

Vietnam's Vietjet purchases 10 Airbus planes for $1.24B

Vietnam's Vietjet Aviation has signed a $1.24B worth financing deal to eventually acquire up to ten Airbus planes, it announced on Wednesday.

Wed, 10 Oct 2018 08:11:41 GMT

Bain Capital's specialty finance arm plans listing

A specialty finance unit of Bain Capital has filed for the initial public offering with plans to list under the symbol "BCSF" on the NY Stock Exchange.

Wed, 10 Oct 2018 08:08:00 GMT

Trian Fund acquires PPG Industries' 2.9% stake for $690M

Trian Fund Management, the hedge fund of Nelson Peltz, has acquired a 2.9% stake in the coatings and paints maker PPG Industries, in a deal valued at $690M, the WSJ reported on Wednesday.

Wed, 10 Oct 2018 07:38:24 GMT

FamilyMart considers sale of Uny store unit

FamilyMart Uny Holdings is in talks to sell the remaining stake in its Uny merchandise store unit to Don Quijote Holdings, the discount retailer, according to the Nikkei Business magazine report.

Wed, 10 Oct 2018 07:34:41 GMT

Npower, SSE get regulatory approval to merge their retail units

On Wednesday, Innogy SE's Npower and the British energy supplier SSE have won a regulatory approval to tie up their retail units, seeking to create Britain's second-biggest retail power provider.

Wed, 10 Oct 2018 05:39:40 GMT

Chinese Airbnb rival Xiaozhu.com raises $300M

On Wednesday, Chinese short-term rental platform Xiaozhu.com has raised nearly $300M in the latest funding round led by Yunfeng Capital, an investment company of Alibaba's founder Jack Ma.

Wed, 10 Oct 2018 05:34:40 GMT

IMF says trade tensions lead to financial stability risks

On Wednesday, the International Monetary Fund claimed that trade tensions have resulted in a growth of financial stability risks and could increase even more sharply if pressure on emerging markets escalates.

Wed, 10 Oct 2018 04:36:58 GMT

Huawei unveils two new AI powered chips to boost cloud computing business

On Wednesday, Chinese Huawei, the largest manufacturer of telecom equipment in the world, unveiled two AI powered chips to boost the company's cloud business.

Wed, 10 Oct 2018 04:35:50 GMT

Oil prices drop as IMF lowers global growth forecast

On Wednesday, the oil prices on the market edged lower because of the economic forecast of the International Monetary Fund, predicting decrease in a global growth in 2018 and 2019.

Wed, 10 Oct 2018 02:51:17 GMT

Japanese SoftBank in talks to buy majority stake in WeWork

On Tuesday, the Wall Street Journal reported that Japanese SoftBank is in talks to buy the major stake in WeWork COS, a company providing office spaces.

Wed, 10 Oct 2018 02:51:03 GMT

IMF: global debt is growing

On Wednesday, the International Monetary Fund claimed that a global debt has reached $182T in 2017, growing by 50% in comparison with a previous decade.

Wed, 10 Oct 2018 02:34:33 GMT

OECD: rising debt of SOEs in Indonesia could result in fiscal risks

On Tuesday, the Organisation for Economic Cooperation and Development claimed that a rising debt of Indonesian companies owned by the state could indirectly result in fiscal risks for the Indonesian government.

Wed, 10 Oct 2018 02:29:07 GMT

EU agrees to cut cars' CO2 by 30% by 2025

On Tuesday, the EU agreed to cut cars' emissions by 30% by 2025, voicing the concerns of the EU regarding global warming, although adding that such emissions cut could result in risks for car manufacturing industry.

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