News

Tue, 19 Jun 2018 08:19:30 GMT

American firm SurveyMonkey confidentially registers for IPO

SurveyMonkey, the US online survey firm, stated on Monday it had confidentially filed for a public listing with the US Securities and Exchange Commission, via its parent SVMK.

Tue, 19 Jun 2018 07:09:52 GMT

Tokio Marine to buy Indonesia, Thai units from Australia's IAG

On Tuesday, Insurance Australia Group announced it would sell its Indonesia and Thai operations to Japan's Tokio Marine Holdings in a deal worth $390M.

Tue, 19 Jun 2018 07:03:36 GMT

Forest City Realty resumes talks with Brookfield

The US Forest City Realty Trust has resumed discussion with Brookfield Asset Management over Canada's firm takeover, according to the Bloomberg report on Monday.

Tue, 19 Jun 2018 06:36:10 GMT

Roche set to acquire rest of Foundation Medicine for $2.4B

Roche Holding, the Swiss drugmaker, agreed to acquire the rest of the US genomic profiling group Foundation Medicine in a deal worth $2.4B, bringing the value of the company to $5.3B.

Tue, 19 Jun 2018 06:32:10 GMT

KKR nears agreement to buy stake in Altice's telecom towers

KKR, the private equity company, is close to acquire a stake in Altice, the telecom towers unit in a deal that would help the companies to pay down the debt and restructure its EU operations.

Tue, 19 Jun 2018 05:32:48 GMT

Asian stocks book another decline

On Tuesday, a sell-off continued in the Asian equities markets, as they declined to a four-month low level.

Tue, 19 Jun 2018 05:32:19 GMT

Intel plans to go around Trump's tariffs

Reuters on Tuesday announced that Intel Corp has devised a way to avoid the Trump's tariffs set on China by the US President Donald Trump.

Tue, 19 Jun 2018 03:57:54 GMT

Swiss Central Bank sticks to its policy

In accordance with a unanimous Reuter's poll of various analysts, the Swiss National Bank is set to keep its ultra-loose policy on Thursday.

Tue, 19 Jun 2018 03:55:13 GMT

ZTE stock plummets on Tuesday

On Tuesday, the share price of ZTE dropped significantly, as the US Senate passed a defence bill that could kill the White House's agreement to allow the company to do business with US companies.

Tue, 19 Jun 2018 03:39:28 GMT

Trump threatens to impose new tariffs on Chinese goods

The US President Donald Trump threatened to impose a 10% tariff on $200B of China's goods, as the trade conflict between the two largest economies escalated quickly.

Tue, 19 Jun 2018 03:35:45 GMT

Australian HPI falls 0.7% in March quarter

The Australian Bureau of Statistics reported that the country's Home Price Index fell 0.7% in the March quarter, surpassing expectations for a 0.9% drop and following a 1.0% increase in the prior quarter.

Mon, 18 Jun 2018 20:27:26 GMT

CFTC suggests JPMorgan to pay $65M to settle charge on swap rate manipulation

JPMorgan would have to pay a civil penalty of $65M to settle charges that the bank attempted manipulating ISDAfix swap rates in 2007-2012, the US Commodities Futures Trading Commission stated.

Mon, 18 Jun 2018 20:20:27 GMT

Merkel set to support Italy in migration challenge

Germany's Chancellor Angela Merkel stated that she wanted to provide Italy support in efforts to diminish the number of migrants, who are arriving on shores, handling asylum requests in non-European countries.

Mon, 18 Jun 2018 19:37:39 GMT

Retailer GameStop in discussions with buyout companies

Electronics and videogame retailer GameStop is having talks with individual equity companies about a possible deal after getting buyout interest, people aware of the subject said on Monday.

Mon, 18 Jun 2018 19:16:39 GMT

Canada mulls automobile companies aid in reaction to US tariffs threat

Canada is thinking about alternatives, including offering financial help to the car industry, to handle possible US tariffs, a superior federal minister said.

Mon, 18 Jun 2018 18:36:54 GMT

Trump administration to limit sanctuary cities decisions made by court

The Trump administration, intensifying its combat situation with what are referred to as sanctuary cities, the US Supreme Court asked on Monday to limit a lower court's order.

Mon, 18 Jun 2018 18:27:22 GMT

EU watchdog to decide on Blackstone Financial and Risk deal by July 20

EU antitrust regulators is going to make a decision by July 20 either or not to clear the US firm Blackstone Group's $20B major stake purchase in Thomson Reuters Financial and Risk unit.

Mon, 18 Jun 2018 16:43:59 GMT

Fujifilm sues Xerox due to merger abort

Fujifilm Holdings Corp sued Xerox Corp on Monday for more than $1B, claiming it succumbed to pressure to investors Darwin Deason and Carl Icahn in dumping a planned $6.1B merger.

Mon, 18 Jun 2018 16:43:39 GMT

Trump says US is not migrant camp

The US President Donald Trump stated on Monday that the United States is not going to be a migrant camp, while Democrats refused to come to work out immigration legislation.

Mon, 18 Jun 2018 16:22:32 GMT

Google to invest $500M in Chinese e-com giant JD.com

Google will put $500M in Chinese e-com giant JD.com, part of the US internet giant's attempts to increase its existence in fast-growing Asian areas and challenge others including Amazon.com.

Mon, 18 Jun 2018 16:12:57 GMT

WestJet founder to begin new US budget airline

WestJet Airlines and JetBlue Airways founder David Neeleman plans to start a new low price range air carrier in the US, with $100M as an initial investment.

Mon, 18 Jun 2018 14:28:08 GMT

Amazon to add over 1K jobs in Ireland within two years

The US online retailer titan Amazon announced on Monday it would add over 1,000 job positions in Ireland in the following two years on the back of the country's biggest staff boost.

Mon, 18 Jun 2018 14:21:30 GMT

Vintage Capital to acquire Rent-A-Center for $1.37B

Vintage Capital Management is planning to acquire the furniture retailer Rent-A-Center in a deal valued at $1.37B, bringing the company's shares up to $14.73 on Monday.

Mon, 18 Jun 2018 13:34:06 GMT

BJ's Wholesale Club expects IPO at up to $17 per share

BJ's Wholesale Club Holdings is seeing its IPO to be valued at $15-$17 per share, bringing the company's market capitalisation of up to $2.15B.

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