News

Thu, 21 Jun 2018 11:38:35 GMT

China's Xiaomi lines up $548M for its HK IPO

China's Xiaomi has secured $548M from the seven cornerstone investors, such as the US chipmaker Qualcomm, for its $6.1B IPO in Hong Kong.

Thu, 21 Jun 2018 11:34:15 GMT

Australia's APN gets $803M worth conditional bid from JCDecaux

France's JCDecaux, the outdoor advertising firm, has made a conditional takeover bid worth $803M for APN Outdoor Group, the Australian billboard company, to protect the firm's market share.

Thu, 21 Jun 2018 10:01:32 GMT

Qinghai Provincial Investment is put on negative watch

On Thursday, S&P Global Ratings put the Chinese aluminium manufacturer Qinghai Provincial Investment on its negative credit watch.

Thu, 21 Jun 2018 10:00:48 GMT

Global shares surge on Thursday

Major market shares surged on Thursday, as oil prices eased due to the markets expecting the Friday's OPEC meeting.

Thu, 21 Jun 2018 09:35:41 GMT

Elbit Systems wins EU electronic warfare contract worth $17M

Elbit Systems, the Israeli defence company, stated on Thursday it had won a $17M deal from a European state to supply signal intelligence systems and ground-based electronic warfare.

Thu, 21 Jun 2018 09:29:51 GMT

Munich Re in discussion on MEAG sale to Guggenheim

Munich Re, the German reinsurer, is in negotiations to sell the asset management unit MEAG to the US fund manager Guggenheim Partners, sources said on Thursday.

Thu, 21 Jun 2018 08:28:07 GMT

Thai PTT to acquire domestic power firm Engie's Glow

Thai energy titan PTT is eager to acquire Glow Energy, the local power firm controlled by France's Engie SA in an agreement that could be valued at more than $4.0B.

Thu, 21 Jun 2018 08:24:39 GMT

Altice to raise $2.9B by selling Portuguese, French telecom towers

The Dutch telecoms group Altice is seeking to raise $2.9B by selling stakes in the company's Portuguese and French telecoms towers to cut its debt.

Thu, 21 Jun 2018 06:54:18 GMT

Shell announces sale of gas and oil assets in Malaysia, Norway

On Wednesday, Royal Dutch Shell said it would sell its gas and oil assets in Malaysia and Norway for more than $1.3B, taking its closer to the target of $30B in disposals by this year's end.

Thu, 21 Jun 2018 06:53:12 GMT

Australia's GTY gets proposal from Canada's Brookfield

On Thursday, the Australia-based company Gateway Lifestyle Group announced about a non-binding proposal it had received from Canada's Brookfield Property Group worth $514.7M.

Thu, 21 Jun 2018 06:35:22 GMT

Disney close to winning US approval for Fox deal

Walt Disney nears to receive a nod from the US antitrust regulators for the Twenty-First Century Fox media assets' bid worth $71.3B, according to Bloomberg.

Thu, 21 Jun 2018 06:32:02 GMT

EU seeks launching talks with US to resolve trade dispute

The European Union seeks to open talks with the United States with intention to resolve a trade dispute over steel and aluminium tariffs, the EU's Cecilia Malmstrom stated on Thursday.

Thu, 21 Jun 2018 04:58:01 GMT

UK to publish plans for citizens of EU post-Brexit

The UK is set to outline plans for new immigration regulations for EU citizens living in the country after Brexit, as it called on the bloc to provide more details about its proposals for Britain's nationals.

Thu, 21 Jun 2018 04:54:22 GMT

Toyota cuts marketing costs to support research

Toyota begun to slash costs, starting with marketing and sales, and shifting resources into research that would help to keep up with competitors, sources familiar with the matter stated.

Thu, 21 Jun 2018 02:57:10 GMT

Pay rises in large UK businesses hold at 2.5%

Pay increases agreed by major Britain's employers held at 2.5% in recent months, industry data revealed, adding to a picture of slightly higher wage pressure in the country.

Thu, 21 Jun 2018 02:54:04 GMT

Carlyle raises $6.55B for new Asian fund

Carlyle Group stated it raised $6.55B for its new Asian private equity fund, which would seek strategic investment and buyout opportunities across a range of sectors within the region.

Thu, 21 Jun 2018 02:35:40 GMT

Volvo Cars CEO: tariffs threaten jobs at US plant

China-owned Volvo Cars opened a new auto plant in South Carolina, as its executives warned that the US-China trade dispute could undermine plans to create nearly 4K auto jobs in the state.

Thu, 21 Jun 2018 02:31:58 GMT

Boeing: Export-Import Bank significant to US economic growth

Restoring full lending power of the US Export-Import Bank is vital to shrinking trade deficits and the country's economic growth, planemaker Boeing stated after Kimberly Reed was nominated as the Bank's President.

Wed, 20 Jun 2018 20:19:58 GMT

China's firm pays $584M in Sri Lanka port deal

China Merchants Port Holding made a $584M payment within a $1.12B deal to operate the deep sea Hambantota port of Sri Lanka, a state-run agency stated.

Wed, 20 Jun 2018 20:19:13 GMT

Instagram adds long videos to compete with YouTube

Facebook-owned social network Instagram stated that it added a section for long videos, expanding in a competition amidst streaming services.

Wed, 20 Jun 2018 19:01:47 GMT

Michael Bloomberg to invest $80M to support Democrats

Former Mayor of New York City Michael Bloomberg, a regular critic of Republican President Donald Trump, plans to spend $80M supporting Democratic candidates in the US congressional elections.

Wed, 20 Jun 2018 18:49:59 GMT

Media and technology stocks boost S&P 500 and Nasdaq reaches record high

A jump in media and technology stocks uplifted the S&P 500 on the third day of a week, pushing Nasdaq to an all-time high, leaving Dow under pressure due to the US-China trade spat.

Wed, 20 Jun 2018 17:59:18 GMT

Germany approved $7.23B worth of weapons exports in 2017

Germany approved weapons exports worth $7.23B last year, which was down nine percent from 2016, as outlined in a rubber-stamped government report on Wednesday.

Wed, 20 Jun 2018 17:51:14 GMT

OPEC runs into challenge to produce more oil and keep deal in place

The OPEC meets on Friday to make a decision on output policy in the middle of calls from leading consumers like the United States, China and India to cool down prices of oil by producing more.

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