News

Fri, 18 May 2018 14:37:23 GMT

US Brazos Midstream gets $250M investment from SK Holding

On Friday, the South Korean firm SK Holding stated it had provided the US energy company Brazos Midstream with the $250M investment with intention to expand the company's energy business.

Fri, 18 May 2018 14:33:25 GMT

Germany's Home24 plans listing in Frankfurt

The German online furniture retailer Home24 is planning an IPO at the Frankfurt stock market exchange, as it seeks to raise up to $236M, the company stated on Friday.

Fri, 18 May 2018 13:37:30 GMT

Tata Steel finalises $5.2B acquisition of Bhushan Steel

On Friday, India's Tata Steel announced it had finalised the purchase of a 72.7% stake in the bankrupt Bhushan Steel worth $5.18B.

Fri, 18 May 2018 13:34:09 GMT

CVC to acquire Finland's Mehilainen from Triton, KKR

CVC Capital, the buyout fund, agreed to acquire about 50% stake in the Finnish healthcare group Mehilainen from the private equity groups Triton and KKR.

Fri, 18 May 2018 12:31:25 GMT

Fujifilm seeks suing Xerox over scrapping their takeover deal

Fujifilm Holdings is planning to file a suit against Xerox in the near time, alleging that the US photocopier firm had no legal rights to scrap their takeover deal worth $6.1B.

Fri, 18 May 2018 12:26:13 GMT

Blackstone to exit HLT by selling about 5.8% stake

On Friday, Hilton Worldwide Holdings announced that the private equity group Blackstone is set to sell around 5.8% or 15.8M of the hotel chain operator's shares.

Fri, 18 May 2018 11:11:54 GMT

Putin, Macron to meet on May 24-25

The Russian President Vladimir Putin and his French counterpart Emmanuel Macron are set to meet in St Petersburg on May 24-25 to discuss Syria, Iran and Ukraine.

Fri, 18 May 2018 11:08:34 GMT

Vietnam launches inquiry into Uber-Grab merger

The Ministry of Industry and Trade of Vietnam has officially launched an inquiry into the merger of Uber Technologies' business in Southeast Asia and its rival Grab.

Fri, 18 May 2018 10:39:11 GMT

Deutsche Telekom calls for 5G spectrum auctions' affordable terms

On Thursday, Deutsche Telekom called on Germany's government to auction frequencies for the 5G mobile services on affordable terms, so it could ensure there is money to invest in the infrastructure.

Fri, 18 May 2018 10:35:42 GMT

Westpac hires complaints director amid damaging probe

Westpac Banking, the Australia's lender, has hired a customer complaints head to deal with the problems, as the Australian financial sector accuses it of serious misconduct.

Fri, 18 May 2018 09:37:11 GMT

Barclays buys Lloyds' Irish mortgage unit for £4B

Lloyds Banking Group has sold its Ireland's mortgage unit to Barclays for about £4B in cash, as part of of its plan to focus on the core UK market.

Fri, 18 May 2018 09:29:02 GMT

China denies offer to cut US trade surplus by $200B

On Friday, China's Foreign Ministry stated it had not offered to reduce its US trade surplus by $200B, adding that talks with the United States over trade were constructive and set to continue.

Fri, 18 May 2018 08:37:12 GMT

Toyota to enter Chinese EV market with GAC Motor car

Toyota Motor is planning to roll into China's electric-vehicle market by launching its new label of its Chinese partner GAC Motors to fully meet China's severe green car quotas.

Fri, 18 May 2018 08:34:18 GMT

Berenberg cuts Telecom Italia's target price by 7%, shares down

Berenberg has reduced Telecom Italia's target price by 7% to €0.66, sending the company's shares down 1.4% after earlier slipping by over 2% on Friday.

Fri, 18 May 2018 07:37:10 GMT

Cambridge Analytica launches Chapter 7 bankruptcy process

Cambridge Analytica announced late on Thursday it had filed for the Chapter7 bankruptcy in NYC Court, following its involvement in the Facebook user data scandal.

Fri, 18 May 2018 07:34:06 GMT

Ukraine President imposes new sanctions against Russia

Ukraine's President Petro Poroshenko issued an order to enact the decision to expand sanctions against Russian companies, according to the information reported on the government's website on Friday.

Fri, 18 May 2018 06:34:57 GMT

ESR-REIT agrees on merger with Viva Industrial Trust

The Warburg Pincus-backed ESR REIT has agreed to merge with its rival Viva Industrial Trust in a proposed bid that would establish the fourth-biggest real estate investment trust located in Singapore.

Fri, 18 May 2018 06:29:30 GMT

PayPal to acquire Swedish firm iZettle for $2.2B

PayPal Holdings has agreed to buy the one of the EU best known fintech start-ups, iZettle, in a deal valued at $22B, both the companies confirmed on Thursday.

Fri, 18 May 2018 05:07:16 GMT

Ecuador revokes additional security for Assange

The Ecuadorian President Lenin Moreno ordered on Thursday to withdraw the additional security officers assigned to protect Julian Assange in the country's embassy in London.

Fri, 18 May 2018 05:02:03 GMT

Uber's CPO to quit from company

The Chief Product Officer (CPO) of Uber Technologies Jeff Holden who monitored development of flying car operation will leave his post in the nearest future, the company's spokesman announced on late Thursday.

Fri, 18 May 2018 04:21:18 GMT

Oil prices tend to reach $80 amid sanctions against Iran

Crude oil prices slightly increased on Friday morning, reaching $79.57 per barrel, as the new set of American sanctions against Iran spurred demand.

Fri, 18 May 2018 04:16:33 GMT

China to postpone probe into imports of US sorghum

The Commerce Ministry of China stated on Friday it will defer imposition of anti-dumping measures on imports of the US-produced sorghum, as officials of the two countries meet in Washington in an attempt to avoid trade war.

Fri, 18 May 2018 02:47:16 GMT

Brookfeld to acquire stake in Manhattan tower

Brookfield Property Partners was in negotiations to buy a stake in an office tower of Manhattan majority-owned by a firm previously run by son-in-law of the US President.

Fri, 18 May 2018 02:39:31 GMT

China to offer US trade deficit reduction package

China offered the US President Donald Trump a new package of purchases of the US good and different measures, targeting the reduction of trade deficit between two countries by $200B a year.

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