News

Tue, 18 Sep 2018 08:39:03 GMT

Audi plans launch of new electric SUVs in US

On Monday, Germany's luxury auto brand Audi announced it would launch new electric SUVs in the United States next year with the help by Amazom.com.

Tue, 18 Sep 2018 08:36:27 GMT

Google's Android to power Renault-Nissan new media system

On Tuesday, the Wall Street Journal said that Google's Android operating system would power Renault-Nissan next-generation media system, after the alliance had picked the tech giant for a partnership.

Tue, 18 Sep 2018 06:50:50 GMT

Haidilao attracts nearly $1.0B in IPO, luring investors

Investors are hungry for Haidilao, China's hotpot chain, after it had raised nearly $1.0B in its latest IPO in Hong Kong by pricing the company's shares at the highest of the indicated range.

Tue, 18 Sep 2018 06:50:34 GMT

Cigna's takeover deal gets US regulator approval

The health insurer Cigna has been granted an approval by the US antitrust regulator for its $52B takeover of Express Scripts Holding, the pharmacy benefits manager, allowing the companies to cut costs and boost medical and pharmacy benefits.

Tue, 18 Sep 2018 06:39:50 GMT

Spain's Cepsa seen to be valued at $11.6B after IPO

Spain's Cepsa is expected to be valued at $11.6B, as the oil firm is planning to sell about 25% in its initial public offering.

Tue, 18 Sep 2018 06:37:27 GMT

Activist fund ValueAct nearly doubles its stake in Horizon Discovery

ValueAct Capital, the activist hedge fund, has raised its stake in Horizon Discovery, building additional 7.5M shares from the investment firm Woodford Investment Management.

Tue, 18 Sep 2018 05:09:32 GMT

Singapore's CapitaLand acquires portfolio of US rental apartments

Singapore's biggest property developer CapitaLand stated on Tuesday it had clinched a deal to purchase the US rental housing assets for $835M to expand the company's global investment portfolio.

Tue, 18 Sep 2018 05:04:53 GMT

Univar to acquire rival Nexeo Solutions in $1.05B deal

The chemical distributor Univar has announced on Monday about its takeover of a rival Nexeo Solutions in the $1.05B worth cash-and-stock deal, amid the company's intention to expand its operations in North America.

Tue, 18 Sep 2018 04:38:30 GMT

Sky shareholders to decide on Fox's bid until Oct. 6

On Monday, Twenty-First Century Fox stated tat Sky shareholders have time to decide on its proposed £14 per share offer until October 6.

Tue, 18 Sep 2018 04:36:02 GMT

Uber considers buying its ride-hailing rival Careem

The ride-hailing giant Uber Technologies is in discussion to acquire its Dubai's ride-hailing rival Careem Networks in a potential deal of up to $2.5B, according to Bloomberg.

Tue, 18 Sep 2018 03:26:43 GMT

PIF to invest more than $1B in Lucid Motors

Saudi Arabian Public Investment Fund agreed to invest more than $1B in Lucid Motors, adding to the growing competition facing the US electric vehicle maker Tesla.

Tue, 18 Sep 2018 03:21:35 GMT

Nestle set to sell Gerber Life Insurance for $1.55B

Nestle stated that it would sell the company's Gerber Life Insurance to Southern and Western Financial Group for $1.55B in cash, helping the firm to focus on core consumer health and food and beverage businesses.

Tue, 18 Sep 2018 02:35:23 GMT

Oracle revenue misses estimates in Q1

Oracle report showed its revenue in the Q1, that narrowly missed analysts' forecasts, suggesting that the firm was struggling to make inroads in the cloud computing sector.

Tue, 18 Sep 2018 02:32:11 GMT

FedEx shows quarterly profit below Wall Street estimate

FedEx reported the company's quarterly profit, which missed Wall Street projections, as expenses, including employee compensation, weighed on results.

Mon, 17 Sep 2018 20:36:48 GMT

Iran's Supreme Leader rejects talks with US

Negotiations with the US to solve mutual issues would be an "obvious mistake", Iran's Supreme Leader Ayatollah Ali Khamenei says.

Mon, 17 Sep 2018 20:36:10 GMT

China to enhance cooperation with Laos

China will closely work with Laos to further improve the bilateral strategic partnership between the two nations, a Chinese senior official says.

Mon, 17 Sep 2018 19:01:19 GMT

Merkel to sack intelligence chief

The German Chancellor Angela Merkel decided to fire Hans-Georg Maasen, President of the Federal Office for the Protection, after his comments about far-right marches in Chemnitz.

Mon, 17 Sep 2018 18:59:47 GMT

Iran: no talks with US in near future

The Iranian Foreign Ministry on Monday rejected the possibility of negotiations with the US in the near future.

Mon, 17 Sep 2018 18:32:24 GMT

Bundesbank: German growth holds steady

The German economy grows steady and weak GDP growth in the beginning of the third quarter is a "temporary phase of weaknesses", the Bundesbank reports.

Mon, 17 Sep 2018 18:31:27 GMT

Ukrainian president accepts termination of partnership deal with Russia

The Ukrainian President Petro Poroshenko signed a decree to terminate the Ukrainian-Russian Treaty on Friendship, Cooperation and Partnership, the presidential press service reports.

Mon, 17 Sep 2018 17:34:57 GMT

Uganda deploys 24,000 soldiers to combat crime

The Ugandan military deployed around 24,000 soldiers in the capital Kampala and the central district of Wakiso to combat crime.

Mon, 17 Sep 2018 17:34:19 GMT

Volkswagen to build 10M electric vehicles on new platform

Volkswagen plans to build 10M electric vehicles on the basis of a new modular platform MEB, the German car producer says.

Mon, 17 Sep 2018 16:07:29 GMT

Bayer's 60% of Currenta stake put up for sale

Bayr has put its 60% stake in Currenta, the chemical park operator, up for a sale, after failing to close such a deal with its ex-chemicals subsidiary Covestro, according to Reuters.

Mon, 17 Sep 2018 16:02:57 GMT

EU regulators to rule on Microsoft purchase of GitHub by Oct. 19

The European antitrust regulators are set to rule on Microsoft's $7.5B takeover of the privately-owned coding website GitHub by October 19, the EU Commission announced on Monday.

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