News

Wed, 26 Sep 2018 13:51:57 GMT

France's BNP Paribas stops acquisitions until 2021

The French bank BNP Paribas stated on Wednesday it has no plans for more major acquisitions in the time period of 2019-2020, despite signs of potential big deals in the EU banking sector.

Wed, 26 Sep 2018 13:24:31 GMT

Poland's PGE not set to acquire Innogy local assets

Krzysztof Tchorzewski, Poland's Energy Minister, stated on Wednesday that the country had no plans for its state-run power firm PGE to acquire Germany's Innogy Stoen Operator.

Wed, 26 Sep 2018 13:21:21 GMT

Godiva's owner considers sale of Japanese unit

The Godiva chocolate owner Yildiz Holding is considering to sell its Japanese business unit in a potential deal that could raise about $1.5B, according to sources familiar with the situation.

Wed, 26 Sep 2018 12:28:00 GMT

Oslo grants approval for Sparebanken Telemark's listing

Sparebanken Telemark, Norway's savings bank, received an approval for an initial public offering on the Oslo Bourse, planning to start trading as soon as November 10.

Wed, 26 Sep 2018 12:22:30 GMT

Aldar Properties acquires rest of Khidmah stake

Abu Dhabi's Aldar Properties, the biggest real estate developer, has acquired the remaining stake of 40% in the integrated property services firm Khidmah, it stated on Wednesday.

Wed, 26 Sep 2018 10:56:35 GMT

Statkraft plans investment of $1.2B in renewables annually

Statkraft, the Norwegian power company, is planning an investment of around $1.2B in renewable energy annually, starting from the next year to 2025, the firm announced on Wednesday.

Wed, 26 Sep 2018 10:55:29 GMT

UK BMI Healthcare nears £2.0B restructuring deal

BMI Healthcare, the British biggest private healthcare group, is getting closer to a £2.0B restructuring deal, which could reduce millions from the company's annual rent bill.

Wed, 26 Sep 2018 10:00:15 GMT

Iran comments on cheap oil and Trump

On Wednesday, the Oil Minister of Iran Bijan Zanganeh announced that, if Donald Trump wants cheap oil, he should stop interfering in the Middle East.

Wed, 26 Sep 2018 09:59:35 GMT

Finance jobs are not leaving UK

A recent survey published by Reuters revealed that only 630 financial jobs have left the United Kingdom due to Brexit.

Wed, 26 Sep 2018 09:38:46 GMT

China steel group Baowu seeks taking over Magang Group

Baowu Steel Group, the top China steelmaker, is in negotiations to acquire its rival Mangang Group in a deal that could potentially strengthen its position in the global steel market.

Wed, 26 Sep 2018 08:34:38 GMT

Funding Circle reduces price range for London IPO

On Wednesday, Britain's Funding Circle has cut its price range for the London initial public offering scheduled for October to 440-460 pence a share, valuing the company at about £1.5B.

Wed, 26 Sep 2018 08:27:44 GMT

Michael Kors takeover of Versace to create more jobs in Italy

Versace's creative director and designer Donatella Versace stated on Wednesday that the brand's takeover by Michael Kors would create more jobs in Italy.

Wed, 26 Sep 2018 07:27:32 GMT

Grab halts car-pooling at late-night hours in Singapore

The ride-hailing company Grab had to halt its operations in Singapore at late-night hours, as its drivers complain about many too drunk and argumentative passengers.

Wed, 26 Sep 2018 07:26:38 GMT

PAG launches $671M unsolicited takeover offer for Spring REIT

On Wednesday, Hong Kong's private equity firm PAG has launched a $671M unsolicited takeover offer for Spring REIT (Real Estate Investment Trust), sending its shares up over 30% on the news.

Wed, 26 Sep 2018 06:35:14 GMT

Deutsche Bank considers potential merging with UBS

Handelsblatt, Germany's business daily has reported on Wednesday that Deutsche Bank was thinking over a potential merger scenario with UBS, according to its sources.

Wed, 26 Sep 2018 06:31:51 GMT

CBS appoints Parsons as board's interim chairman

On Tuesday, CBS Corp has named the ex-Time Warner CEO Richard Parsons as its board's interim chairman on the back of the company's revived efforts to sign a merger deal with Viacom.

Wed, 26 Sep 2018 05:18:38 GMT

US imposes new sanctions against Venezuela

On Tuesday, the United Stated imposed new set of personal sanctions against Venezuelan officials, including the country's President Nicolas Maduro's wife and Vice President Delcy Rodriguez.

Wed, 26 Sep 2018 05:14:36 GMT

China calls to avoid Cold War mentality

At a meeting with Henry Kissinger on Tuesday, the Chinese State Councillor Wang Yi said that the United States and China are two competing nations, yet it should not transfer into a new Cold War.

Wed, 26 Sep 2018 04:22:28 GMT

France says EU has more important problems than Brexit

The Finance Minister of France Bruno Le Maire noted on Tuesday that the European Union has a lot of problems that are more important than decision of the United Kingdom to leave the union.

Wed, 26 Sep 2018 04:17:06 GMT

Le Maire calls French voters for patience

On Tuesday, the Finance Minister of France Bruno Le Maire asked French voters to wait at least for another year to see the results of reforms made by the country's President Emmanuel Macron.

Wed, 26 Sep 2018 03:23:50 GMT

Asian oil deficit to extend by 2025

Asia's oil deficit is expected to widen to 35M bpd by 2025, up nearly 30% from the current 27M bpd, an executive at France's oil and energy group Total stated.

Wed, 26 Sep 2018 03:21:33 GMT

US firms' borrowing for equipment grows 14%

Borrowing by the US companies for spending on capital investments increased 14% year-over-year in the month of August, a group representing equipment majors said.

Wed, 26 Sep 2018 02:33:38 GMT

China to develop sharing economy, e-commerce to create more jobs

The Chinese state planner stated that it is likely to promote the development of sharing economy and e-commerce to create encourage job creation.

Wed, 26 Sep 2018 02:30:18 GMT

Nike profit tops estimates in Q1

Nike reported that its profit topped target in the first quarter, though a small increase in gross margins and unchanged 2019 forecast were not enough for investors, sending shares 4% down.

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