News

Thu, 04 Oct 2018 09:23:43 GMT

LG Chem to provide VW with EV batteries from late 2019

On Thursday, South Korean firm LG Chem stated it had secured a deal with Volkswagen to supply EV batteries to the carmaker starting late 2019.

Thu, 04 Oct 2018 08:36:36 GMT

France's Neoen to attract €640M in IPO

Neoen, the French solar firm, is planning to raise around €640M in its planned initial public offering, seeking to lift funds for the company's expansion.

Thu, 04 Oct 2018 08:33:55 GMT

Smiths Group to acquire United Flexible for $345M

On Thursday, Smiths Group stated it would acquire the US aircraft engine parts maker United Flexible from the private equity group Arlington Capital Partners in a deal worth $345M.

Thu, 04 Oct 2018 07:28:08 GMT

Comcast acquires over 75% of Sky shares

The US cable company Comcast has already secured more than 75% of Sky shares, getting closer to complete its $40B takeover of the UK pay-TV group.

Thu, 04 Oct 2018 07:26:51 GMT

Nissan calls on Britain and EU to avoid no-deal Brexit

On Thursday, the Japanese carmaker Nissan stated that no-deal Brexit would have a tough effect on the UK industry, urging Britain and the EU bloc to reach the agreement on their trading relationship in the future.

Thu, 04 Oct 2018 06:36:38 GMT

Barnes & Noble explores startegic options amid takeover interest

On Wednesday, Barnes & Noble stated it would consider a strategic review, after Leonard Riggio, the founder-chairman, and some other parties had expressed their interest to acquire the bookseller.

Thu, 04 Oct 2018 06:33:30 GMT

Change Healthcare hires underwriters for IPO

The US drug wholesaler McKesson's healthcare tech firm Change Healhcare hired underwriters for its planned initial public offering, which could bring the value of the company to $12B, including debt.

Thu, 04 Oct 2018 04:39:17 GMT

Britain market of vital importance for Ireland

The UK is a vital importance market for both Irish exporters and importers with the vast majority of Ireland's traders having a link with the country, a survey showed.

Thu, 04 Oct 2018 04:36:11 GMT

Morocco to invest $40B in energy sector by 2030

The Moroccan Energy Minister stated that his country is set to invest more than $40B dollars in the energy sector by 2030.

Thu, 04 Oct 2018 03:25:25 GMT

Spanish consumer confidence falls in September

Spain's consumer confidence decreased 11.9 to 90.6 points in September, indicating a pessimistic perspective over the economic situation, the Sociological Research Centre said.

Thu, 04 Oct 2018 03:20:45 GMT

Toyota, SoftBank to cooperate in self-driving

Toyota Motor and SoftBank Group Corp are expected to announce their partnership on self-driving and other technologies, sources familiar with the matter stated.

Thu, 04 Oct 2018 02:36:01 GMT

UK Sport set to hold decade of sporting events

UK Sport stated that holding the World Cup of 2030 in the UK would be a "crowning achievement" to bookend a sport decade, including plans to host the Ryder Cup, the world athletics championships.

Thu, 04 Oct 2018 02:32:25 GMT

Dell explores IPO option in case of tracking stock bid fail

Dell Technologies confirmed that it met with investment banks to explore an IPO, if the plan to buy the VMware tracking stock falls through.

Wed, 03 Oct 2018 19:52:30 GMT

Daimler, Renault-Nissan seen to expand its self-driving, battery tech

Daimler and Renault-Nissan are likely to extend their cooperation to the autonomous car and battery technology, as well as mobility services, both companies announced on Wednesday.

Wed, 03 Oct 2018 19:50:45 GMT

Elementis investors accept takeover of Mondo Minerals

Elelementis, the UK specialty chemicals company, stated on Wednesday its investors had granted their approval to acquire Amsterdam's Mondo Minerals in a deal valued at $500M.

Wed, 03 Oct 2018 18:52:50 GMT

TBI seeks acquiring Gulf lender

Trade Bank of Iraq in in discussions to acquire a Gulf lender with branches in Qatar and the United Arab Emirates as part of its strategy to bolster revenues overseas.

Wed, 03 Oct 2018 18:51:41 GMT

Peabody Energy considers to acquire Drummond

The US miner Peabody Energy is in talks to acquire 80% stake in Drummond International, Colombia's main coal exporter, the Wall Street Journal report showed on Wednesday.

Wed, 03 Oct 2018 17:57:06 GMT

SoftBank to offer free electricity to International Solar Alliance

The Chief Executive of Japanese SoftBank Group Corp Masayoshi Son claimed that his company could offer free electric energy after 25 years to the members of International Solar Alliance which would sign agreements on purchasing power.

Wed, 03 Oct 2018 17:50:33 GMT

Expansion of Dubai's Al Maktoum airport frozen

The $36B expansion of the second largest airport in Dubai, Al Maktoum International, which would allow it to accept 120 million of passengers per year, has been frozen.

Wed, 03 Oct 2018 17:36:01 GMT

Russia's Energy Minister to meet with US Energy Secretary

On Wednesday, Russian news agency RIA reported that the Energy Minister of Russia Alexander Novak is planning to meet with the US Energy Secretary Rick Perry in January.

Wed, 03 Oct 2018 17:20:34 GMT

Mexican Lopez Obrador discusses economic development with Trump

On Wednesday, the President-elect of Mexico Andres Manuel Lopez Obrador claimed that he and the President of the US Donald Trump have discussed economic development in Mexico and Central America via phone call.

Wed, 03 Oct 2018 16:19:37 GMT

Pompeo: Iran threats US mission in Iraq

On Wednesday, the US Secretary of State Mike Pompeo claimed that Iran threats to the US mission in Iraq and added that the US has been terminating the treaty of amity between the US and Iran.

Wed, 03 Oct 2018 16:14:56 GMT

Russian and Saudi Arabia agree to lift oil outputs

In September, Russia and Saudi Arabia have agreed to lift the oil output to cool growing prices and informed the US about that decision before the meeting with other oil producers.

Wed, 03 Oct 2018 15:00:19 GMT

Russia's Putin: Russia to maintain dialogue with oil producers

On Wednesday, the President of Russia Vladimir Putin claimed that Russia is planning to maintain the dialogue with the leading oil producing countries to keep the oil market balanced.

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