News

Mon, 23 Jul 2018 08:39:33 GMT

Prime Opportunities recalls bid for Britain's IWG

Prime Opportunities Investment announced on Monday it would not make a takeover bid for the London-listed serviced office supplier IWG.

Mon, 23 Jul 2018 08:37:24 GMT

Wren House to acquire North Sea's NSMP for about $1.7B

Wren House, the infrastructure fund, agreed to acquire gas and oil pipeline company North Sea Midstream Partners in a deal with ArcLight Capital valued at $1.7B.

Mon, 23 Jul 2018 07:35:46 GMT

Cornerstones to buy 16% of China Tower's $8.7B HK IPO

Ten cornerstone investors are set to take about 16% of the China Tower $8.7B worth Hong Kong initial public offering, sources familiar with the issue stated.

Mon, 23 Jul 2018 07:31:54 GMT

ZTE's HK shares surge 3.8% amid bill measure cut

On Monday, shares in China's ZTE has jumped 3.8%, after the US lawmakers cut measures from the defence bill that would resume sanctions imposed on telecommunication equipment market.

Mon, 23 Jul 2018 06:27:13 GMT

KKR-led consortium set to acquire Taiwan's LCY for $1.56B

The US KKR-led consortium clinched a deal to buy the Taiwanese chemicals company LCY Chemical worth about $1.56B in stocks, both firms stated on Sunday.

Mon, 23 Jul 2018 06:20:10 GMT

Papa John's endorses rights plan to reduce founder's stake

On Sunday, Papa John's International adopted the rights plan by shareholders with a 15% trigger to keep the existing shareholders from collecting the company's majority stake.

Mon, 23 Jul 2018 04:50:41 GMT

UK IWG provides three suitors with more time for takeover bids

IWG, London's services office provider, gave its three suitors more time for making their takeover proposals, the company announced on Saturday.

Mon, 23 Jul 2018 04:50:30 GMT

Hedge fund Elliott lifts its stake in Japanese firm Alpine

Elliott Management, the US hedge fund, raised stake in Japan's Alpine Electronics to 6.3% in a move, which could put pressure on the firms to reward its minority shareholders.

Mon, 23 Jul 2018 04:06:33 GMT

Wipro seeks buying Alight's Indian operations for $117M

Wipro, the Indian third-largest software service exporter, is seeking to acquire the US-based Alight Solutions' Indian operations in a cash-deal worth $117M.

Mon, 23 Jul 2018 04:05:35 GMT

EasyJet still interested in buying parts of Alitalia

EasyJet is still seeking to buy out parts of Italy's carrier Alitalia, after the Italian government stated it sought the majority of the airline under state control.

Mon, 23 Jul 2018 03:08:40 GMT

JD.com to move into Europe

China's e-commerce company JD.com announced plans to expand in Europe and its aims to finalise the strategy for entering the market by the end of 2019, the compan's CEO stated.

Mon, 23 Jul 2018 03:03:40 GMT

European leaders press to tax digital economy

Europe's finance leaders demanded progress on global regulations to tax the digital economy at G20 Finance Ministers and central bankers' meeting in Argentina, putting them at odds with the US counterparts.

Mon, 23 Jul 2018 02:33:23 GMT

Cuba's President: economic expansion weak

The economy of Cuba grew less than anticipated in the first half of this year and a continuous liquidity crisis is likely to force belt tightening, the country's President Miguel Diaz-Canel stated.

Mon, 23 Jul 2018 02:28:02 GMT

Atos to acquire Syntel for $3.57B

France's technology services firm Atos SE agreed to buy Michigan-based Syntel Inc in an all-cash deal at about $3.57B, including net debt, both companies stated.

Sun, 22 Jul 2018 19:55:25 GMT

Election candidate killed in Pakistan

A candidate for Pakistan's general elections has been killed in a suicide attack in the northwest region of the nation, police report.

Sun, 22 Jul 2018 19:54:45 GMT

Foreign entrepreneurs seek possibilities in China

Entrepreneurs all over the world seek opportunities in China amid a vibrant business environment, welcoming regulation as well as support from the Chinese government, the co-founder of several startups, James Lalonde, says.

Sun, 22 Jul 2018 18:55:06 GMT

Abe's support rate declines after casino bill

The support level of Japanese Prime Minister Shinzo Abe's cabinet declined to 43.4% after the cabinet passed a controversial bill authorizing the opening of casino resorts.

Sun, 22 Jul 2018 18:54:20 GMT

Russian airbase in Syria destroys two drones

Two unidentified unmanned aerial vehicles were destroyed by air defence systems at Russia's Hmeimim airbase in Syria, a spokesperson says.

Sun, 22 Jul 2018 18:35:40 GMT

11 dead, 14 injured in attack in Kabul

A suicide attack that rocked Kabul on Sunday left 11 people dead and 14 others injured, the police spokesman Hashmat Stanikzai says.

Sun, 22 Jul 2018 18:35:00 GMT

Gaza economy on edge of collapse as Israel strengthens blockade

The economy of Gaza is on the edge of collapse as it faces an increasing shortage of goods after Israel blocked the entry of goods into the enclave.

Sun, 22 Jul 2018 17:35:18 GMT

Canada and Mexico express optimism about NAFTA despite trade tensions

On Sunday, the Financial Ministers of Canada and Mexico claimed that they are statying optimistic about NAFTA talks with the US despite the trade tensions in G20.

Sun, 22 Jul 2018 17:31:57 GMT

Malta's PM's wife cleared over offshore allegations

On Sunday, Malta's attorney general claimed that an inquiry did not find an evidence that a wife of Maltese PM Michelle Muscat has been benefiting from the secret offshore company.

Sun, 22 Jul 2018 16:36:41 GMT

Egypt's President: false rumors threat Arab states

On Sunday, the President of Egypt Abdel Fattah al-Sisi claimed that one of the main threats to Arab states are false rumors spreading instability among population.

Sun, 22 Jul 2018 16:30:38 GMT

Accused Russian agent Butina met with US Treasury

Maria Butina, an accused Russian agent, took a part in 2015 meeting between two senior US officials from the Treasury department and Federal Reserve and Russian official.

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