News

Thu, 27 Sep 2018 16:40:09 GMT

Canada to stay in NAFTA talks despite Trump's allegations

On Thursday, the Prime Minister of Canada Justin Trudeau claimed that Canada is planning to participate in NAFTA talks unless an agreement could be achieved despite US President's Trump's allegations.

Thu, 27 Sep 2018 16:37:42 GMT

Air France-KLM CEO to head French unit for transitional period

On Thursday, an alliance Air France-KLM claimed that its newly appointed Chief Executive Officer Benjamin Smith would head the French division of airlines as well for a transitional time period.

Thu, 27 Sep 2018 15:38:40 GMT

Ryanair to open two hubs in France

On Thursday, Irish low-cost air carrier Ryanair claimed that it is planning to invest $400M in two French airports to set up hubs after the decision of the airline to recognise unions and come back to heavy unionised France.

Thu, 27 Sep 2018 15:35:51 GMT

Harris Corp to supply important processor for Lockheed's jet

On Thursday, the aeronautics unit of Lockheed Martin Corp claimed that Harris Corp would provide a core processor for Lockheed's fighter jet F35 which would let to reduce the cost of the device by 75%.

Thu, 27 Sep 2018 14:12:46 GMT

India to keep buying oil from Iran

The Iranian Foreign Minister stated on Thursday that India would continue to buy oil from the country, keeping their economic cooperation, right ahead of the US sanctions targeted at Tehran's oil exports.

Thu, 27 Sep 2018 14:03:21 GMT

US car sales expected to fell 6% in September

J.D. Power and LMC Automotive reported on Thursday that the US car sales are seen to plunge 6% to around 1.43M units in September, compared to the last year's same month.

Thu, 27 Sep 2018 13:37:02 GMT

Cryptocurrency firm Bitmain picks HK for IPO

The cryptocurrency giant Bitmain Technologies confirmed it had selected Hong Kong to launch its initial public offering, seeking to use the raised money for R&D development and production output expansion.

Thu, 27 Sep 2018 13:22:33 GMT

Papa John's calls on potential purchasers to submit offers

The world's third-biggest pizza delivery firm Papa John's International has called on its potential acquirers to submit their offers, according to sources familiar with the situation.

Thu, 27 Sep 2018 12:38:28 GMT

Britain's Halfords makes bid for Evans Cycles

Halfords, Britain's bicycles-to-car parts retailer, made a bid for its struggling rival firm Evans Cycles, according to Sky News.

Thu, 27 Sep 2018 12:35:02 GMT

BC Partners plans United Group takeover

On Thursday, the private equity group BC Partners stated it would acquire the majority stake in United Group, the EU pay-TV and cable operator, from KKR for about $3.04B, including debt.

Thu, 27 Sep 2018 11:30:52 GMT

Grab considers selling stake in Thai unit to Central Group

Singapore's ride-hailing service Grab is in negotiations to sell its stake in the Thai business unit to Central Group, Thailand's largest retailer, sources familiar with the matter reported.

Thu, 27 Sep 2018 11:27:23 GMT

Aetna plans sale of its prescription drug plan business

On Thursday, the health insurer Aetna stated it is planning a sale of its prescription drug plan unit Medicare Part D to WellCare Health Plans, as it seeks to receive US approval for its $69M merger deal with CVS Health.

Thu, 27 Sep 2018 10:21:01 GMT

WTO decreases trade forecasts

As the recent tariffs were set up by both the US and China, the World Trade Organization has decreased its 2018 and 2019 global merchandise trade forecasts.

Thu, 27 Sep 2018 10:20:20 GMT

Saudi Arabia improves investment environment

On Thursday, it was revealed by Reuters that the new upgrade of the Saudi legal system has improved the investing environment of the kingdom.

Thu, 27 Sep 2018 09:21:50 GMT

China's commerce ministry: trade tensions with US can be resolved

On Thursday, the Commerce Ministry of China claimed that Chinese authorities hope that trade tensions between China and the US can be resolved, although China is prepared for the worst-case scenario of the trade conflict. 

Thu, 27 Sep 2018 09:15:10 GMT

Bezos' Blue Origin to supply engines for United Launch Alliance

The Wall Street Journal reported that Blue Origin, a space startup of Amazon's founder Jeff Bezos, would supply rocket engines to the United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co.

Thu, 27 Sep 2018 08:24:46 GMT

Westwings sets price range for IPO, seeks to attract €132M

On Thursday, Westwing stated it had set its price range for the IPO at €23-29 per share, seeking to attract up to €132M.

Thu, 27 Sep 2018 08:03:49 GMT

Julius Baer ties up with Nomura in Japan

Japan's Nomura has acquired a minority stake in Julius Baer's Japan outfit, teaming up Nomura's Japanese high-net-worth franchise and the Swiss private bank's wealth management services.

Thu, 27 Sep 2018 07:39:47 GMT

France's FinMin has no plans over Air France-KLM stake sale

The French Finance Minister stated on Thursday the country had no intention or plans to sell a stake in Air France-KLM.

Thu, 27 Sep 2018 07:36:27 GMT

Axiata considers rejection of Keppel bid to acquire M1

Malaysia's Axiata Group is thinking over to reject a bid led by the Singapore conglomerate Keppel to acquire mobile firm M1, according to sources.

Thu, 27 Sep 2018 06:38:58 GMT

SoftBank to attract $100B funds

On Sunday, the Chief Executive Officer of Japanese financial conglomerate SoftBank Masayoshi Son claimed that SoftBank is planning to attract $100B every 2-3 years.

Thu, 27 Sep 2018 06:37:08 GMT

Comcast to stop acquiring Sky shares in market

Comcast, which acquired 38% of the UK pay-TV group Sky's shares in its $40B auction win, stated it would not make any purchases for now.

Thu, 27 Sep 2018 05:07:34 GMT

IMF expands Argentina program to $57B, aiming to halt peso fall

The International Monetary Fund boosted Argentina's three-year lending program by $7B to $57B, on the condition of the Central Bank halting full-scale interventions to support the Peso.

Thu, 27 Sep 2018 05:03:10 GMT

Darktrace reaches $1.65B valuation

Cyber-security company Darktrace stated that it raised $50M in the latest funding round, which was led by Vitruvian Partners, valuing the form at $1.65B.

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