News

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.

Tue, 25 Sep 2018 20:50:18 GMT

Zimbabwe reports highest cotton output

Zimbabwe's cotton output in 2018 increased to 130,000 tonnes from 70,000 tonnes the previous year, the highest level in 5 years, a data published by the Farmers Voice show.

Tue, 25 Sep 2018 20:49:42 GMT

Chinese FM: China-US relations need healthy development

The healthy and stable development of China-US relations are critical to both nations, the Chinese State Councilor and Foreign Minister Wang Yi says.

Tue, 25 Sep 2018 19:58:28 GMT

Novartis to cut 2,200 Swiss jobs

The Swiss pharmaceutical giant Novartis plans to cut around 2,200 jobs in Switzerland over the next four years to improve operational efficiency, the company says in a statement.

Tue, 25 Sep 2018 19:57:50 GMT

China opposes US arms sales to Taiwan

The US arms sales to Taiwan violate the fundamental principles of international law and relations, the Foreign Ministry spokesperson Geng Shuang says.

Tue, 25 Sep 2018 18:32:40 GMT

British customers lose 500M pounds in bank frauds in H1

British customers have lost more than 500M pounds in bank frauds in the first half of 2018, the data released by the industry group UK Finance shows.

Tue, 25 Sep 2018 18:31:54 GMT

S. Africa plans measures to make travel into country simple

The South African Home Affairs Minister Malusi Gigaba on Tuesday announced new measures to simplify the movement of tourists into the country to promote economic growth.

Tue, 25 Sep 2018 16:56:17 GMT

China, Japan to enhance strategic communication

Top representatives of China and Japan met in the eastern Chinese city of Suzhou on Tuesday to discuss strategic cooperation and develop bilateral ties.

Tue, 25 Sep 2018 16:55:11 GMT

US blacklists Venezuela's officials in latest sanctions

The US Treasury on Tuesday announced new sanctions on Venezuelan President Nicolas Maduro's friends and relatives, including Maduro's wife and other key officials.

Tue, 25 Sep 2018 16:15:36 GMT

WeddingWire investors to acquire XO Group for $933M

Two private equity firms and investors of WeddingWire are set to acquire XO Group, the event planning company, in a deal valued at $933M with a subsequent merger with WeddingWire, sending XO shares up 26% to $34.78.

Tue, 25 Sep 2018 16:09:02 GMT

Germany's Primepulse seeks IPO on Frankfurt SE in Q4

Primepulse, the German technology investor, is planning an initial public offering on the stock exchange of Frankfurt in this year's fourth quarter, valuing its shares at $294M, the company stated on Tuesday.

Tue, 25 Sep 2018 15:27:31 GMT

OYO Hotels to attract $1.0B from Softbank, other investors

OYO Hotels announced it would seek to raise $1.0B from Softbank Group and other investors, as the Indian hotel chain was planning to expand its business in China and India.

Tue, 25 Sep 2018 15:23:43 GMT

Inspire Brands plans Sonic takeover worth $1.57B

On Tuesday, the owner of Arby, Inspire Brands, stated it would acquire the drive-in chain Sonic Corp in a deal valued at $1.57B, adding over 3,6K drive-in restaurants to the portfolio, including such brands as Rusty Taco and Buffalo Wild Wings.

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