News

Wed, 26 Sep 2018 18:06:06 GMT

Pompeo plans to visit North Korea in October

On Wednesday, the US Department of State said that Secretary of State Mike Pompeo will travel to Pyongyang in October to discuss the denuclearization of the Korean Peninsula.

Wed, 26 Sep 2018 18:05:53 GMT

Trump opens to meet President Maduro

The US President Donald Trump said on Wednesday that he is open to meet Venezuela's President Nicolas Maduro, if that would help Venezuelans.

Wed, 26 Sep 2018 17:26:28 GMT

South Korean President: next Trump-Kim meeting to happen in 2018

The US President Donald Trump and the leader of the Democratic People's Republic of Korea Kim Jong Un are likely to meet by the end of this year, the South Korean President Moon Jae-in says.

Wed, 26 Sep 2018 17:25:32 GMT

Mexico's economy grows 3.3% in July

Mexico's economy grew 3.3% in July compared to the same period the previous year, the National Institute of Statistics and Geography reports.

Wed, 26 Sep 2018 17:01:41 GMT

Hammond plans to deliver budget statement in October

On Wednesday, the UK's Finance Minister Philip Hammond said that he would deliver a budget statement on October 29.

Wed, 26 Sep 2018 17:01:29 GMT

Wall Street declines before rate hike

Stock prices declined on Wednesday ahead of the US Federal Reserve's expected interest rate hike.

Wed, 26 Sep 2018 16:04:27 GMT

Argentine Peso declines on Wednesday

The Argentine Peso declined on Wednesday, as investors awaited more details of a revised lending deal with the International Monetary Fund.

Wed, 26 Sep 2018 16:02:46 GMT

Russia's lawmakers move closer to increase retirement age

On Wednesday, Russian lawmakers moved closer to approve divisive measures to increase the country's retirement age.

Wed, 26 Sep 2018 14:57:00 GMT

Alexion Pharma to acquire Syntimmune in $1.2B deal

On Wednesday, Alexion Pharmaceuticals stated it would acquire the privately-owned biotech firm Syntimmune in a deal valuing the company at about $1.2B, boosting its portfolio of drug treatments for rare disorders.

Wed, 26 Sep 2018 14:56:14 GMT

Anbang Insurance seeks selling Japanese real estate to Blackstone

Anbang Insurance Group is considering to sell its Japan real estate worth $200M to bidders, such as Blackstone Group, almost two years after acquiring them from the US investment fund.

Wed, 26 Sep 2018 13:52:59 GMT

JPMorgan Chase considers leading Lyft's IPO

JPMorgan Chase & Co is considering to take the lead of Lyft's initial public offering, planned in 2019, as an underwriter, following Morgan Stanley and Goldman Sachs rejections to pursue this role.

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.

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