News

Wed, 19 Sep 2018 15:32:37 GMT

China adds $60B of US goods to its import tariff in retaliation move

China has penalised $60B of the United States imports in a tit-for-tat move, after the President Donald Trump claimed he would impose such tariffs on $200B of China's goods.

Wed, 19 Sep 2018 15:24:00 GMT

HNA Tech scraps plan to acquire China's Dangdang

On Wednesday, HNA Technology stated it had dropped its plan to buy China's e-commerce group Dangdang as deal parties failed to reach the agreement.

Wed, 19 Sep 2018 13:58:37 GMT

Belgium's union rejects Ryanair's proposal before strike

On Wednesday, Ryanair's Belgian cabin crew union stated it had rejected an offer proposed by the Irish airline right ahead of the planned strike on September 28.

Wed, 19 Sep 2018 13:53:44 GMT

Toshiba brushes off concerns on memory chips prices

Toshiba Memory's Chief Executive has shrugged off the price concerns about the plunging memory chips prices on Wednesday and reiterated that the firm was planning an IPO in a couple of years.

Wed, 19 Sep 2018 13:34:33 GMT

Mars aims to fight "broken" cocoa supply chain

Mars Wrigley Confectionery is aiming to tackle the so-called "broken" cocoa supply chain, which includes child labour, poverty and deforestation, by launching a new sustainability scheme on Wednesday.

Wed, 19 Sep 2018 13:29:51 GMT

TomTom likely to lose some business amid Google's deal with carmakers

On Wednesday, the Finance Chief of TomTom stated the digital mapping company might lose some of its business due to Google's deal with Nissan, Renault and Mitsubishi alliance.

Wed, 19 Sep 2018 12:37:55 GMT

AutoNation's CEO plans resignation next year

AutoNation's Mike Jackson is eager to step down as the company's Chief Executive next year; however, he will stay as the executive chairman until at least 2021.

Wed, 19 Sep 2018 12:32:24 GMT

Afghan Deputy Minister to travel to Moscow over peace talks

The Afghan Deputy Minister is set to arrive in Moscow on Thursday for a meeting over a new peace talks round on Afghanistan, according to the Interfax news agency.

Wed, 19 Sep 2018 10:59:59 GMT

JSW awaits ministry's approval for Prairie Mining assets buy

The Polish company JSW is seeking to receive the Energy Ministry's approval to acquire the Australian firm Prairie Mining's assets in Poland.

Wed, 19 Sep 2018 10:59:51 GMT

Linde-Praxair getting closer to receive US approval for merger

Linde and Praxair, the industrial gases titans, are planning a sale of extra assets to CVC Capital Partners and Messer Group GmbH consortium, as they seeks to get closer to the US approval for their merger.

Wed, 19 Sep 2018 09:57:14 GMT

Merkel speaks out about electric cars

The Chancellor of Germany Angela Merkel announced on Wednesday that Germany and Europe needs to create its own electric car battery cell production industry.

Wed, 19 Sep 2018 09:56:47 GMT

India considers raising import tariffs

On Wednesday, it was revealed that India's steel ministry is considering raising import tariffs on steel products to support the Rupee.

Wed, 19 Sep 2018 09:37:18 GMT

Philippines' Cal-Comp postpones IPO amid market conditions

On Wednesday, Philippines' New Kinpo Group unit Cal-Comp said it had delayed its $125.2M initial public offering due to the Southeast Asia's market conditions.

Wed, 19 Sep 2018 09:33:50 GMT

Britain's inflation surge to six-months high last month

Britain's annual consumer inflation rose to 2.7% in August, hitting its six-months high, and up from the 2.5% reading in July, the ONS reported on Wednesday.

Wed, 19 Sep 2018 08:38:19 GMT

Unilever, Coke, Nestle become bidders for GSK India sale

Coca-Cola, Nestle and Unilever are making their bids in $4.0B-plus GlaxoSmithKline's sale of its India's Horlicks nutrition unit.

Wed, 19 Sep 2018 08:36:12 GMT

Danske Bank head steps down amid money laundering row

The CEO of Danske Bank, Thomas Borgen, has quitted this Wednesday amid the money laundering scandal that involved $234B flowing through Estonia's branch in the 2007-2015 time period.

Wed, 19 Sep 2018 07:27:22 GMT

Coca-Cola acquires Australia's kombucha producder Mojo

On Tuesday, Coca-Cola announced it had acquired Australia's Organic & Raw Trading, famous for its kombucha tea brand Mojo, on the back of the company's expansion into healthier drinks.

Wed, 19 Sep 2018 07:06:46 GMT

Venezuela sells 9.9% of JV Sinovensa to China oil firm

The Venezuelan President Nicolas Maduro announced on Tuesday that the country sold its 9.9% of the Sinovensa joint venture to China's oil firm, a move in where China is seen to boost the crude output of the OPEC nation.

Wed, 19 Sep 2018 06:39:37 GMT

HNA in talks to sell its newly acquired logistics firm

China's HNA Group is considering a sale logistics unit CWT, it had recently acquired in the $1.0B deal, looking for a potential buyer.

Wed, 19 Sep 2018 06:36:27 GMT

Tencent Music halves US listing to $2.0B

China's Tencent Music Entertainment Group has reduced the amount it was seeking to attract in its US initial public offering by half to $2.0B, according to sources.

Wed, 19 Sep 2018 05:08:48 GMT

UK PM May: EU and Britain close to achieve orderly Brexit deal

On Wednesday, the Prime Minister of the UK Theresa May claimed that the UK and the EU are close to finally agreeing on orderly withdrawal of the UK from the European bloc. 

Wed, 19 Sep 2018 05:08:35 GMT

China's PM: unilateral trade actions to not solve problems

On Wednesday, the Prime Minister of China Li Keqiang claimed that unilateral trade actions would not solve the problems and that the basic principle of free trade needs to be maintained. 

Wed, 19 Sep 2018 04:15:56 GMT

North Korea to invite foreign experts to abolish missile facilities

On Wednesday, the President of South Korea Moon Jae-In claimed that North Korea has agreed to invite foreign experts to permanently scrap its key missile facilities.

Wed, 19 Sep 2018 04:10:40 GMT

Hillhouse Capital raises $10.6B

Hillhouse Capital, a Chinese private equity firm which has been investing in top Chinese tech companies including Baidu and Tencent, claimed that it has closed the last funding round at $10.6B.

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