News

Wed, 13 Jun 2018 08:36:18 GMT

Parsons agrees to pay $133M for revamped Arizona retail centre

The Go Daddy founder Bob Parsons is set to acquire a revamped retail centre in Arizona's Phoenix suburb in a deal valued at $133M, his real estate concern said on Tuesday.

Wed, 13 Jun 2018 08:34:09 GMT

eBay ties up with Dubai billionaire over sales in Middle East

eBay has partnered with a Dubai billionaire to sell its products on a new e-commerce venture in the Middle East, starting from this year's second half, the venture reported on Tuesday.

Wed, 13 Jun 2018 07:21:43 GMT

Societe Generale explores sale of its Polish unit Eurobank

France's bank Societe Generale is considering to sell its Polish unit called Eurobank, as it faces pressure from the rivals, two Warsaw's investment bankers said.

Wed, 13 Jun 2018 07:15:56 GMT

Hancock Prospecting takes early 20% stake in Atlas Iron

On Wednesday, Australia's Hancock Prospecting has disclosed a 19.96% stake in the iron ore miner Atlas Iron, following Fortescue Metals Group's 19.9% stake gain last week.

Wed, 13 Jun 2018 06:38:04 GMT

AT&T gets approval to acquire Time Warner

On Tuesday, AT&T has won court's approval to acquire Time Warner in a deal worth $85B, rebuffing the Trump Administration's attempt to ban the deal.

Wed, 13 Jun 2018 06:36:00 GMT

Blackstone in deal to buy Australia's IOF for $2.3B

On Wednesday, the US private equity firm Blackstone Group has clinched a deal to acquire Australia's real estate investment group Investa Office Fund for $2.3B.

Wed, 13 Jun 2018 04:55:08 GMT

Lenovo expands smartphone business in China

Lenovo Group Ltd is starting to integrate its smartphone business in the company's Chinese unit in order to expand and strengthen its presence in the local market.

Wed, 13 Jun 2018 04:53:29 GMT

ZTE shares plunge after ban suspension

Shares of the Chinese telecommunications company ZTE plunged 41% on Wednesday when the company resumed its trading after two-month suspension.

Wed, 13 Jun 2018 04:12:21 GMT

Asian stocks start day lower prior to Fed decision

Asian stocks opened lower on Wednesday, as investors were shifting their focus from the Singapore summit to the Fed monetary policy decision to be released at 1800GMT today.

Wed, 13 Jun 2018 04:07:52 GMT

Oil falls on Wednesday

Oil prices declined early on Wednesday, pressured lower by rising US oil production and expectations that the OPEC countries would loosen their agreement on output cuts.

Wed, 13 Jun 2018 02:59:26 GMT

Blackstone in deal to acquire Investa Office Fund for $2.3B

Australia's Investa Office Fund and Blackstone Group joined scheme implementation agreement by which the US private equity major is likely acquire IOF for $2.3B.

Wed, 13 Jun 2018 02:53:08 GMT

Toshiba set to buy back $6.33B in shares

Toshiba Corp stated that the company is set to buy back around $6.33B in shares at the earliest opportunity, after selling the memory chip business for $18B.

Wed, 13 Jun 2018 02:35:13 GMT

Blackstone raises more than $9B in Asian funds

Blackstone Group raised about $9.4B in Asia-focused funds, the US private equity firm stated, as an addition to a massive money pool for investments and acquisitions in the region.

Wed, 13 Jun 2018 02:32:12 GMT

Toyota to invest $1B in Grab

Toyota Motor agreed to invest $1B in Southeast Asia's ride-hailing conpany Grab as the main investor in the ongoing financing round of the company.

Tue, 12 Jun 2018 20:20:01 GMT

Trump economic counselor Kudlow in medical center after heart attack

White House economic counsellor Larry Kudlow will stay in a Washington-area medical center but was anticipated to make a fast recovery after experiencing a heart attack.

Tue, 12 Jun 2018 20:09:09 GMT

Tesla reduces nine percent of employees in search to make profit

Tesla Inc is reducing its workforce by several thousand across the organization as it looks for ways to lower the costs and become sustainably profitable.

Tue, 12 Jun 2018 19:33:14 GMT

Markets decrease the volumes whenever World Cup starts

The World Cup starts in Russia on this week's Thursday, so investors need to be notified that financial markets have a tendency to act like emotional soccer enthusiast.

Tue, 12 Jun 2018 19:25:49 GMT

New York leading court straitens Martin Act in $11B Credit Suisse case

New York's leading court on Tuesday restrained the ability for state attorney to deal with crime on Wall Street, giving a triumph to a Credit Suisse Group, as it works on ending $11B lawsuit.

Tue, 12 Jun 2018 18:34:11 GMT

White House asks apologies for negative comment

White House trade expert Peter Navarro made apologies on Tuesday for stating that there is a "special spot in hell" for the Canadian Prime Minister Justin Trudeau, afterwards last G7 summit.

Tue, 12 Jun 2018 18:21:17 GMT

Merkel encounters conservative opposition over migration policy

The German Chancellor Angela Merkel confronted an objection over migrant policy, risking destabilizing her coalition, in the time when she is making EU partners to make a common agreement.

Tue, 12 Jun 2018 17:31:04 GMT

PM Abadi states in opposition of doing Iraq election again

The Iraqi Prime Minister Haider al-Abadi stated on Tuesday, that he is against a repeat of the parliamentary election, warning that anyone who tries to sabotage the process will be punished.

Tue, 12 Jun 2018 17:21:50 GMT

UAE claims Yemen Houthis should evacuate main port city

A senior official of the United Arab Emirates on Tuesday claimed that the Iran-aligned movement is required to evacuate Yemen's key port of Hodeidah, because troops geared for an invasion.

Tue, 12 Jun 2018 15:57:06 GMT

OMV to discuss Gazprom swap deal with Norway

The CEO of the Austrian energy company OMV Rainer Seele said on Tuesday he would talk with the Norwegian government to address its concerns about a swap deal with Gazprom.

Tue, 12 Jun 2018 15:56:17 GMT

ZTE shares will return to market on Wednesday

The Chinese telecommunications company ZTE said on Tuesday its shares would resume trading this Wednesday, thus ending two-month suspension by the US government.

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