News

Fri, 29 Jun 2018 02:50:35 GMT

China Tower gets approval for IPO in Hong Kong

China Tower, the world's biggest mobile mast operator, won approval in Hong Kong for an initial public offering, which could raise nearly $10B, according to sources familiar with the situation.

Fri, 29 Jun 2018 02:32:41 GMT

Sharp cancels share issue amid impact of US-China trade issues

Japan's Sharp Corp cancelled the intention to issue up to $2B in new shares, citing trade friction between the US and China, which increased volatility in the stock market.

Fri, 29 Jun 2018 02:29:42 GMT

Verizon to shut down go90 mobile app

Verizon Communications was shutting down the company's mobile video application go90 less than three years after the service launched, a spokeswoman stated.

Thu, 28 Jun 2018 19:56:14 GMT

Reuters: Canada to provide aid to steel, aluminium industries

According to Reuters, Canada is planning to offer financial aid between C$500M and C$800M to companies in the aluminium and steel industries affected by US tariffs.

Thu, 28 Jun 2018 19:55:48 GMT

Bird raises $300M to expand business

Bird, a start-up that provides electric scooter service, has raised $300M in its third funding round, as the firm aims to strengthen its position in the US transportation sector.

Thu, 28 Jun 2018 18:54:41 GMT

Minnesota state regulators approve $2.6B pipeline project

Regulators of the US state of Minnesota approved on Thursday the controversial Enbridge pipeline project worth $2.6B.

Thu, 28 Jun 2018 18:53:18 GMT

Twitter introduces tool to detect political ads

Twitter Inc launched on Thursday a tool designed to help its users identify political ads and their sources of financing.

Thu, 28 Jun 2018 18:07:05 GMT

Pence asks for increased pressure on Venezuela

The US Vice President Mike Pence urged Latin American countries to increase pressure on Venezuela during a meeting with the Ecuadorean President Lenin Moreno on Thursday.

Thu, 28 Jun 2018 17:57:57 GMT

SEC proposes looser rules for ETF approvals

The US Securities and Exchange Commission has proposed to loosen rules for the approval of low-risk exchange-traded funds to enhance innovation and competition.

Thu, 28 Jun 2018 16:55:59 GMT

CFTC, SEC sign MOU to enhance cooperation

The US Commodity Futures Trading Commission and the Securities and Exchange Commission have signed a Memorandum of Understanding to strengthen cooperation between both agencies.

Thu, 28 Jun 2018 16:55:18 GMT

China to remove wide range of foreign ownership restrictions

The Chinese government published on Thursday a list of restrictions related to foreign ownership that would be removed starting from July 28.

Thu, 28 Jun 2018 15:50:25 GMT

BoE's Haldane projects gradual rate hikes

The Bank of England's Chief Economist Andy Haldane expects gradual increases in interest rate in line with the Bank's forecasts even despite him voting for a rise last week.

Thu, 28 Jun 2018 15:49:58 GMT

Starbucks shares fall after CFO announces retirement

Shares of Starbucks Corp fell 2% on Thursday following the announcement that the company's Chief Financial Officer Scott Maw would retire in November 2018.

Thu, 28 Jun 2018 14:59:52 GMT

Yellen says tax cuts likely to result in limited productivity growth

The former Chair of the Federal Reserve Janet Yellen explained on Thursday that the US tax cuts were likely to provide only limited productivity boost to the country's economy.

Thu, 28 Jun 2018 14:57:32 GMT

Amazon prepares for acquisition of PillPack

Amazon Inc announced on Thursday that it planned to acquire the online pharmacy company PillPack in a bid to enter the US healthcare sector.

Thu, 28 Jun 2018 13:52:01 GMT

Kaufhof talks likely to be postponed amid possible JV

Labour representatives at Germany's department store chain Galeria Kaufhof are planning to delay the restructuring talks on the back of reports over a potential joint venture with the Austrian firm Signa.

Thu, 28 Jun 2018 13:51:19 GMT

Sempra Energy considers sale of its US renewable energy assets

On Thursday, the US utility Sempra Energy stated it is planning a sale of some of its renewable energy assets and gas storage in the United States, seeking to raise between $1.47B and $1.55B within the second quarter.

Thu, 28 Jun 2018 13:26:48 GMT

China's Hisense lifts stake in Slovenian firm Gorenje

On Thursday, the Ilirika brokerage reported that China's Hisense Electric has raised its stake in Slovenia's Gorenje, the household appliances producer, to 95.4%.

Thu, 28 Jun 2018 13:21:03 GMT

Generali to launch exclusive talks over German life book sale

Italy's Generali is launching exclusive negotiations over a potential sale of the company's German life insurance portfolio worth $48B to the private equity firm Viridium.

Thu, 28 Jun 2018 12:33:46 GMT

Athene in discussion over GE's insurance unit acquisition

According to the Financial Times, Apollo Global Management's life insurance division Athene Holding is at an early stage of talks to acquire General Electric's care insurance business.

Thu, 28 Jun 2018 12:30:18 GMT

Poland's Pekao seen to pursue merger with Alior

The Polish Bank Pekao is expected to propose a merger with its rival Alior Bank, but saying it is planning to postpone a recommendation on their collaboration until June.

Thu, 28 Jun 2018 11:23:44 GMT

Samsung, Apple reaches settlement on US patent dispute

On Wednesday, Samsung and Apple have settled their seven-year long patent dispute on the allegations from Apple that Samsung had violated its patents by copying iPhone's design.

Thu, 28 Jun 2018 11:20:08 GMT

Strada acquires rights to Nizoral shampoo from J&J

Strada, Germany's generic drug producer, is acquiring the rights to Nizoral anti-dandruff shampoo from its owner Johnson & Johnson's Janssen Pharmaceutica, its interim CEO stated on Thursday.

Thu, 28 Jun 2018 10:11:02 GMT

Media blames trade wars for US Dollar surge

Global financial media on Thursday continued to blame trade wars for the appreciation of the US Dollar. Meanwhile, almost none noted the recent increase of US central banks interest rate that should be causing an increase of the demand for the US Dollar.

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