News

Mon, 02 Jul 2018 16:17:10 GMT

IMF: tight labour market in Latvia to slow growth

Latvia's tight labour market is likely to slow down the nation's medium and long-term growth, the head of the International Monetary Fund's mission to Latvia says.

Mon, 02 Jul 2018 16:16:09 GMT

Morocco's economy expands 3.2% in Q1

Morocco's economy expanded 3.2% in the first quarter of 2018, a small decline from the 3.5% increase the previous year, the official High Commission for Planning reports.

Mon, 02 Jul 2018 16:08:33 GMT

Debt relief to help Greece: central bank

The debt relief agreement signed by Eurozone finance ministers the previous month is expected to help the nation to return to the markets, a central bank of Greece report shows.

Mon, 02 Jul 2018 16:06:33 GMT

German parties to meet after Interior Minister resigns

German parties plan to meet after the German Interior Minister Horst Seehofer offered to resign over a conflict with the Chancellor Angela Merkel over asylum policy.

Mon, 02 Jul 2018 13:53:29 GMT

Freenet acquires stake in German firm Ceconomy via capital rise

Freenet, Germany's independent telecoms firm, is set to acquire 32.6M new shares of Ceconomy through a capital increase at the price of €8.50 per share.

Mon, 02 Jul 2018 13:53:19 GMT

Randa makes $28/share proposal for Perry Ellis International

On Monday, Randa Accessories has made an offer to acquire Perry Ellis International at $28 a share, which is 50 cents more than a rival bid from the George Feldenkreis's apparel brand firm.

Mon, 02 Jul 2018 13:34:51 GMT

ADM to acquire French form Neovia amid expansion

Archer Daniels Midland Company is in talks to acquire the French animal feed division Neovia in a deal that deemed to be valued at $1.75B as the company expands into the fast-growing feeds.

Mon, 02 Jul 2018 13:14:30 GMT

Brazil's BRF seeks to attract $130M from non-core asset sales

BRF, the Brazilian food firm, is seeking to raise around $130M from the non-core asset sales, as it aims to cut debt due to new EU measures and rising feed costs.

Mon, 02 Jul 2018 12:39:02 GMT

Bollore Group forms partnership with China's Alibaba

On Monday, Bollore Group, France's company led by the billionaire tycoon Vincent Bollore, stated it had struck a global partnership with the Chinese e-commerce firm Alibaba.

Mon, 02 Jul 2018 12:33:19 GMT

HTC plans to cut 1,500 job positions in Taiwan

The smartphone maker HTC is planning to phase out about 1,500 jobs at the Taiwanese manufacturing unit, in its efforts to manage resources as the firm is still struggling from dwindling sales.

Mon, 02 Jul 2018 11:37:24 GMT

Tata Steel, Thyssenkrupp sign final accord on joint venture deal

India's Tata Steel and Germany's Thyssenkrupp has clinched a final agreement this weekend to form a long-term steel joint venture, in the biggest shake-up in the EU steel industry.

Mon, 02 Jul 2018 11:32:50 GMT

Argentina grants approval for Telecom Argentina-Cablevision merger

Argentine antitrust watchdog granted its approval for a merger between Cablevision and Telecom Argentina, allowing them to form the biggest telecommunications firm in the country.

Mon, 02 Jul 2018 10:14:45 GMT

Bank of Greece praises Greek debt relief

The Bank of Greece on Monday praised the relief measures negotiated with creditors for the indebted country.

Mon, 02 Jul 2018 10:13:55 GMT

Oil prices decline on Monday

On Monday, global financial media reported that crude oil prices declined due to due to a supply increase in Saudi Arabia and the Russian Federation.

Mon, 02 Jul 2018 09:36:25 GMT

China's Pinduoduo files for IPO in United States

China's online group Pinduoduo filed for an initial public offering with the US authorities and could raise about $1.0B, according to the IFR.

Mon, 02 Jul 2018 09:31:45 GMT

Vedanta chairman's family trust to buy rest of conglomerate

On Monday, Vedanta Resources stated its chairman's family trust had agreed to acquire the remaining stake in the conglomerate in a deal valued at $3.03B.

Mon, 02 Jul 2018 08:33:13 GMT

Acxiom likely to sell its marketing solutions unit to Interpublic

Interpublic Group of Companies nears a deal to acquire a marketing solutions subsidiary from Acxiom Corp in a deal that could be valued at $2.2B, sources reported on Sunday.

Mon, 02 Jul 2018 08:28:47 GMT

Japan's Uzabase to acquire Quartz from US peer Atlantic Media

Uzabase, the Japanese media company, announced on Monday it had agreed to acquire the Quartz business news website from the US firm Atlantic Media in a deal worth between $75M-$110M.

Mon, 02 Jul 2018 07:08:50 GMT

China's HNA drops $207M purchase of Australia's logistics unit

On Monday, the Chinese debt-laden HNA Group has cancelled its $207M takeover of Australia's logistics business, amid the alleged cashflow problems at the company.

Mon, 02 Jul 2018 06:57:38 GMT

Tesco, Carrefour plan to form global strategic alliance

British peer Tesco and France's supermarket retailer Carrefour announced their plans on Monday to establish a strategic long-term purchasing alliance, amid intention to cut their costs.

Mon, 02 Jul 2018 06:36:37 GMT

Micro Focus agrees to its SUSE software unit sale

On Monday, Micro Focus International, the British software firm, stated it had agreed to a sale of its Linux operating system SUSE division to the private equity group led by Swedish firm EQT Partners in a $2.535B deal.

Mon, 02 Jul 2018 06:31:47 GMT

Dell closer to buy out VMWare's tracking stock

According to sources familiar with the issue, Dell is moving towards a buyout of the VMWare tracking stocks using cash and equity.

Mon, 02 Jul 2018 05:19:29 GMT

CEO: Panasonic would consider investing more in Tesla's Gigafactory

The CEO of Panasonic Corp Yoshio Ito said the company would consider providing additional investment for Tesla's automotive battery plant Gigafactory if necessary.

Mon, 02 Jul 2018 05:18:54 GMT

Nordea buys Gjensidige Bank

Nordea is set to acquire 100% stake in Gjensidige Bank ASA with the deal closing during the first quarter of 2019.

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