News

Mon, 28 May 2018 15:56:09 GMT

Ibeto Cement to receive $850M Milost funding

Nigeria's privately owned building material producer Ibeto Cement signed an agreement to get $850M financing from Milost Global, the statement showed.

Mon, 28 May 2018 15:22:17 GMT

UK considers selling 10% stake in RBS this week

The United Kingdom could sell its 10% stake in Royal Bank of Scotland this week, with the government still holding a 71% stake in the Bank.

Mon, 28 May 2018 15:21:26 GMT

Indian trader body objects to deal between Walmart, Flipkart

India's trader group raised objections to Walmart's $16B acquisition of e-commerce business Flipkart, though the complaint was seen unlikely to prevent the deal.

Mon, 28 May 2018 14:34:55 GMT

Myanmar's leader names Deloitte partner as Finance Minister

Myanmar's President has appointed on Monday the 80-year-old Deloitte's managing partner Soe Win as a new Finance Minister, following the resignation of his predecessor.

Mon, 28 May 2018 14:32:05 GMT

Denmark lowers estimates for 2018 budget deficit

On Monday, Denmark's government has confirmed it was expecting a lower budget deficit this year, a 0.5% of GDP compared to 0.8% expected in the earlier forecast.

Mon, 28 May 2018 13:34:30 GMT

Russia's Lavrov: only Syria's army should have presence on border

Sergei Lavrov, Russia's Foreign Minister, stated on Monday there should be only Syria's army presence on the country's southern border that was close to Israel and Jordan.

Mon, 28 May 2018 13:31:39 GMT

Germany questions Daimler CEO over extent of vehicle emissions fix

On Monday, the German Transport Ministry interrogated Daimler's CEO Dieter Zetsche on how many Mercedes-Benz vehicles are necessary to fix to meet the emissions regulations.

Mon, 28 May 2018 12:36:33 GMT

Spanish PM Rajoy to face vote of confidence this week

Spain's Prime Minister Mariano Rajoy is set to face a confidence vote this Friday, after corruption convictions have handed down to people related to his centre-right People's Party.

Mon, 28 May 2018 12:33:36 GMT

Verint seeks merging security division with Israeli NSO Group

The US-based software firm Verint Systems is in negotiations to merge the security division with NSO Group, Israel's cyber surveillance company, in a deal valued at around $1B.

Mon, 28 May 2018 11:35:21 GMT

Hero-Burman grants approval to Fortis to reopen bidding

On Monday, Burman Family Office and Hero Enterprise Investment Office consortium have granted an approval to Fortis Healthcare to reopen the bidding process, following shareholders' concerns over the chosen underdog.

Mon, 28 May 2018 11:31:55 GMT

Uber's India President to conduct Asia Pacific operations

Uber's President in India Amit Jain was appointed to head the ride-hailing service's Asia Pacific operations that include India, New Zealand, Australia, Hong Kong and Japan.

Mon, 28 May 2018 10:02:21 GMT

Oil continues to decline

As crude oil prices decreased on Monday, various media quoted various supply reasons. However, Dukascopy analysts noted that all commodity prices were declining due to the appreciation of the US Dollar.

Mon, 28 May 2018 10:01:42 GMT

Malaysian-Singapore rail project is stopped

The rail project, which would connect Kuala Lumpur and Singapore, has been dropped by Malaysian authorities.

Mon, 28 May 2018 09:29:04 GMT

Italian President to ask ex-IMF official to head stopgap government

The President of Italy is expected to call in the former official of International Monetary Fund to head the stopgap government due to a constitutional and political turmoil.

Mon, 28 May 2018 09:24:54 GMT

Pakistan appoints ex-Chief Justice Mulk as interim PM

On Monday, Pakistan has named Nasir Ul Mulk, the former Chief Justice, as the interim Prime Minister ahead of the general election set for July 25.

Mon, 28 May 2018 08:39:34 GMT

Germany raises hopes Italy to establish stable, pro-European govt

On Monday, Michael Roth, Germany's EU Minister, stated that Germany hoped Italy would form a stable, pro-EU government in the near future.

Mon, 28 May 2018 08:36:47 GMT

South Africa launches inquiry into $80M cryptocurrency scam

South Africa has launched an investigation into the alleged bitcoin scam that had defrauded investors of $80M with a promise of huge returns, which never materialised.

Mon, 28 May 2018 07:33:55 GMT

Iliad to hold press conference on Tuesday

Iliad, the French telecoms operator, is set to conduct a press conference on Tuesday in Milan, as it seeks to reveal its "revolution" of Italy's telecoms sector.

Mon, 28 May 2018 07:28:42 GMT

Japan's Abe defends carmakers against US import probe

On Monday, Japan's Prime Minister Shinzo Abe stated he would try to convince the US President Donald Trump of the major role the Japanese carmakers play in bolstering the US economy.

Mon, 28 May 2018 06:35:52 GMT

SoftBank, Swiss Re halts talks over minority stake

On Monday, Swiss Re stated it has halted the talks with SoftBank over potential minority investment by Japan's firm into the reinsurance company.

Mon, 28 May 2018 05:34:18 GMT

Pacific Sunwear considers merging with Eddie Bauer

Pacific Sunwear of California and Eddie Bauer are considering a merger to bolster their footprint amid a retail downturn in the Unites States, sources acknowledged with the matter reported.

Mon, 28 May 2018 05:18:56 GMT

France, Germany calls on EU to fund tech start-ups

Germany and France are pushing for the European Union funding of innovation and research in technology start-ups across the bloc to compete against the United States and China.

Mon, 28 May 2018 04:35:25 GMT

South Korea searches Samsung Securities head office

South Korea's prosecution has raided the head office of Samsung Securities, as part of an inquiry into the latest finger error of the brokerage.

Mon, 28 May 2018 04:30:24 GMT

Smiths Group considers merger of its medical division

The UK engineering company Smiths Group is in early talks over its medical division potential merger with the US-based ICU Medical, the British firm announced on Sunday.

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