News

Tue, 29 May 2018 11:57:22 GMT

Bain Capital to purchase Piraeus Bank's $1.7B bad loans

On Tuesday, the Greek biggest lender Piraeus Bank stated that Bain Capital had agreed to acquire a $1.7B portfolio of secured and non-performing business loans, as it seeks to lower its bad debts.

Tue, 29 May 2018 09:51:14 GMT

Erdogan and Putin discuss recent developments

On Tuesday, the Presidents of Russia and Turkey discussed over the phone the economic relations of the two countries, developments in Syria and the energy sector.

Tue, 29 May 2018 09:50:40 GMT

Tuesday's events confirm that US-NK summit will occur

It was revealed by various media on Tuesday that the North Korean government has sent diplomats to both the United States and Singapore. This was a clear indication that the diplomats were making arrangements for the upcoming summit.

Tue, 29 May 2018 09:06:00 GMT

Abe-Trump meeting set ahead of expected North Korea-US summit

On Monday, the White House stated it had been confirmed that a meeting between Japan's PM Shinzo Abe and the US President Donald Trump would take place before the North Korea-US summit.

Tue, 29 May 2018 09:00:57 GMT

Yandex presents $160 worth smart speaker for PA "Alice"

On Tuesday, Russia's Yandex has launched a smart speaker worth $160 to work together with its personal assistant called "Alice", which can check smartphone bills, order pizza or purchase plane tickets.

Tue, 29 May 2018 08:35:52 GMT

IWG rejects Prime Opportunities Investment's bid approach

On Tuesday, Prime Opportunities Investment, the US real-estate investment firm, stated that IWG had rejected its proposal approach for the UK serviced office provider.

Tue, 29 May 2018 08:31:27 GMT

Vitol seeks to sell $2.3B worth stake in Viva Energy

On Tuesday, Vitol, the global energy trader, is planning to sell a 60% stake worth around $2.3B in Australia's Viva Energy float in July, sources familiar with the matter stated.

Tue, 29 May 2018 07:03:48 GMT

KWS makes non-binding bid for Bayer's seed unit

KWS Saat, the German seed distributor, has made a non-binding offer on Tuesday for Bayer's vegetable seed division, a business that Bayer had already agreed on selling it to BASF amid Monsanto merger.

Tue, 29 May 2018 07:03:30 GMT

JAB Holdings plans Pret A Manger $2B takeover

JAB Holdings will acquire the UK sandwich chain Pret A Manger in a takeover deal valued at $2B including debt, according to the Financial Times report late on Monday.

Tue, 29 May 2018 06:34:24 GMT

China's Ningbo in talks to acquire Germany's Grammer

The Chinese firm Ningbo Jifeng Auto Parts is in negotiations to buy Germany's auto supplier Grammer, in a deal that could value the firm at about $874M.

Tue, 29 May 2018 06:30:08 GMT

ITV seeks entering into $1.33B JV with BBC

According to the Telegraph newspaper, the UK broadcaster ITV is planning to enter into a $1.33B joint venture with BBC, as it seeks to acquire 50% of its UKTV broadcaster's stake.

Tue, 29 May 2018 04:41:19 GMT

Alibaba invests in online pharmacy

The e-commerce giant of China has announced that it will invest nearly $1.35B into the development of the company's online pharmacy business.

Tue, 29 May 2018 04:41:11 GMT

Apple reportedly choses OLED for iPhones

South Korean Electronic Times have reported that Apple have chosen to use OLED screens for their phones. This has caused a fall in Japan Display's stock of 10%.

Tue, 29 May 2018 04:26:53 GMT

UN suggests legalizing drugs

A United Nations agency on Monday made the suggestion to Latin American countries that they should consider legalizing drugs to reduce human costs of a prohibition.

Tue, 29 May 2018 04:26:02 GMT

Indonesian central bank is set to raise interest rate

In accordance with a Reuters poll, the central bank of Indonesia is set to meet in another unscheduled policy meeting and raise interest rates for the second time in two weeks.

Tue, 29 May 2018 03:06:22 GMT

Japan Display shares plummet over 20% on Apple OLED report

Japan Display shares plunged more than 20%t after South Korean Electronic Times said that Apple announced the decision to use OLED displays for new iPhones for next year.

Tue, 29 May 2018 03:04:01 GMT

Canada to buy pipeline project Trans Mountain

Canada is expected to buy Kinder Morgan Canada's Trans Mountain oil pipeline and the company's proposed expansion project, aiming to ensure that the pipeline is built.

Tue, 29 May 2018 02:32:56 GMT

Nissan to diminish North American output up to 20%

Nissan Motor was slashing production as much as 20% in North America to deal with a decrease in automobile sales, the Nikkei report showed.

Tue, 29 May 2018 02:32:21 GMT

Japan unemployment rate at 2.5% in April

Japan's unemployment rate remained unchanged at 2.5% in April, while the availability of jobs held steady in the same period, government data revealed.

Mon, 28 May 2018 18:27:33 GMT

Germany seeks deal to cease US-EU trade conflict

Germany was seeking to cease a dispute between the US and the US on the decision by Donald Trump to impose tariffs on aluminium and steel imports, the country's Economy Minister stated.

Mon, 28 May 2018 18:26:53 GMT

ISP in talks to purchase Canadian International School Vietnam

International Schools Partnership was in negotiations to invest in Vietnam's Canadian International School, as foreign companies flock to Southeast Asia's education deals.

Mon, 28 May 2018 17:23:28 GMT

Oil at multi-week lows as Russia, OPEC look to increase production

Oil prices were seen nearing multi-week lows on Monday, as Russia and Saudi Arabia stated that they would raise supplies, while the US production gains revealed no signs of slowing.

Mon, 28 May 2018 17:22:54 GMT

Canada's Minister to visit Washington for NAFTA talks

Chrystia Freeland, the Foreign Affairs Minister of Canada, is expected to visit Washington this week, aiming to help unblock negotiations on the North American Free Trade Agreement.

Mon, 28 May 2018 15:56:44 GMT

Russian Defence Minister to meet Israeli counterpart in Moscow

Avigdor Lieberman, Israel's Defence Minister, is expected to meet with Russia's Defence Minister Sergei Shoigu in Moscow, the Defence Ministry of Israel stated in a statement.

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