News

Fri, 05 Oct 2018 17:26:03 GMT

Merkel: Iran should not get nuclear weapons

Germany and Israel agree that Iran should not get nuclear weapons, the German Chancellor Angela Merkel says during a visit to Jerusalem.

Fri, 05 Oct 2018 16:22:11 GMT

Nigeria, Pakistan agree to enhance military cooperation

Nigeria and Pakistan agreed to enhance military cooperation in the areas of training, intelligence, communication and logistics, the Nigerian army chief Tukur Buratai says.

Fri, 05 Oct 2018 16:21:37 GMT

Italy: delays in sustainable development

Italy may not be heading towards the sustainable development agreed in the 2030 Agenda for Sustainable Development, the Alliance for Sustainable Development reports.

Fri, 05 Oct 2018 14:39:12 GMT

Italy's Salini considers potential Astaldi deal

The Italian construction group Salini Impregilo is in task with Vitale & Co advisers and BoA Merrill Lynch over a potential partial or full takeover of the struggling builder Astaldi.

Fri, 05 Oct 2018 13:51:14 GMT

Mattress Firm officially announces Chapter 11 bankruptcy

On Friday, Steinhoff's US arm Mattress Firm has officially filed for the Chapter 11 bankruptcy protection, seeking to strengthen the company's balance sheet.

Fri, 05 Oct 2018 13:39:41 GMT

Germany's Exyte postpones IPO plans

Exyte, Germany's chip plant builder, has postponed its initial public offering plans later this month, as investors gave a muted feedback.

Fri, 05 Oct 2018 11:58:21 GMT

Precision Drilling to acquire Trinidad Drilling for C$1.03B

On Friday, Canada's Precision Drilling announced it would acquire its smaller competitor Trinidad Drilling in a deal worth C$1.03, beating the Ensign Energy Services' hostile bid for the firm.

Fri, 05 Oct 2018 11:53:14 GMT

Westwing to price its listing in upper-half of range

The online furniture retailer Westwing is planning to price its IPO at €26-€29 per share, the upper-half of its price range, compared to the initial range of €23-€29, a bookrunner organising the listing stated.

Fri, 05 Oct 2018 11:05:04 GMT

Russia's Rusagro to acquire majority stake in Solnechnye Producty

On Friday, Russia's farming conglomerate Rusagro stated it would acquire a controlling interest of Solnechnye Producty, owned by Quartlink Holding Limited for an undisclosed amount.

Fri, 05 Oct 2018 11:02:15 GMT

Intu shares surge on resumed bid prospects

Shares of Intu Properties surged over 37% this Friday, as a consortium including Brookfield Asset Management and Britain's billionaire John Whittaker expressed their interest into the shopping centre owner.

Fri, 05 Oct 2018 10:00:56 GMT

Unilever cancels plans to move HQ

On Friday, Unilever announced that they are cancelling their plans to move the company's headquarters to the Netherlands.

Fri, 05 Oct 2018 10:00:27 GMT

Danske Bank shares plummet

On Friday, as the report explaining mirror trading at Danske Bank was released, the bank's stock was downgraded by Credit Suisse and immediately plummeted to a four year low level.

Fri, 05 Oct 2018 09:10:17 GMT

France's Banijay considers potential bid for Endemol

Banijay, the French TV group, is considering a potential bid to acquire Endemol Shine, the Dutch distribution and production firm, after it had been put up on a sale for $3.45B.

Fri, 05 Oct 2018 09:08:26 GMT

France's retailer Casino denies advisor hiring to sell GPA

France's retailer Casino has denied a press report for the second time during this week that it hired a financial advisor with intention to sell its Brazil's supermarket unit GPA.

Fri, 05 Oct 2018 08:03:05 GMT

Consortium considers potential bid for Intu

A consortium including the Canadian Brookfield Asset Management and Britain's billionaire John Whittaker is thinking over a potential offer for Intu Properties, the $2.6B worth shopping centre owner.

Fri, 05 Oct 2018 07:58:56 GMT

Haniel receieves antitrust nod for Metro shares sale

Germany's investment group Haniel received an antitrust approval to sell a 7.3% stake in the retailer Metro AG to a Czech-Slovak investor, the company stated on Thursday.

Fri, 05 Oct 2018 07:30:16 GMT

Tencent, KKR buy minority stake in Philippine's fintech unit

China's tech giant Tencent and the private equity group KKR are set to invest up to $175M for the minority stake in the Philippine PLDT's financial technology unit, both companies announced yesterday.

Fri, 05 Oct 2018 07:26:32 GMT

Italy's Edizione sells 20% Cellnex stake to Abu Dhabi's ADIA

On Thursday, the holding group of the Italian Benetton family, Edizione, announced it had sold 20% of its stake in Spanish tower firm Cellnex to the Abu Dhabi fund ADIA's unit.

Fri, 05 Oct 2018 06:36:41 GMT

Canada's Hootsuite considers sale

Canada's social media analytics platform Hootsuite is considering a sale that could potentially value the company at over $750M, sources familiar with the situation reported.

Fri, 05 Oct 2018 06:33:53 GMT

Tronc to change its name to Tribune Publishing

On Thursday, the newspaper Tronc announced it would rename itself back as Tribune Publishing, effective October 9 and was set to trade under the new TPCO ticker, starting October 10.

Fri, 05 Oct 2018 05:21:03 GMT

Hungary and Poland to contest EU labour rules

Poland and Hungary announced on Thursday they filed a claim to the European Court of Justice to dispute new more rigid regulations of the European Union on the employment labourers from low-income EU states.

Fri, 05 Oct 2018 05:08:54 GMT

Value of Lenovo shares drop 23%

On Friday morning, the value of largest Chinese hardware companies sufficiently decreased, including a 23% drop of Lenovo, amid reports that American companies' systems had been penetrated with chips of Chinese intelligence agents.

Fri, 05 Oct 2018 04:12:04 GMT

Wells Fargo considers to issue mortgage bond

According to report published by Bloomberg, Wells Fargo & Co is planning to issue its first after-crisis $441M prime mortgage bond without state's backing.

Fri, 05 Oct 2018 04:04:15 GMT

Oil prices surge amid effect from sanctions

Crude oil prices increased by 50 cents or 0.7% on Friday, reaching $74.83 a barrel, as traders concentrated on the upcoming supply tightening caused by American sanctions against Iran.

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