News

Mon, 30 Apr 2018 14:27:00 GMT

BASF secures EU antitrust approval to acquire Bayer's package

On Monday, Germany's chemical producer BASF has won the conditional EU antitrust approval to acquire Bayer's assets, following a pledge to sell some to address competition concerns.

Mon, 30 Apr 2018 13:00:24 GMT

PM May appoints new Interior Minister on Monday

On Monday, the British Prime Minister Theresa May named the ex-banker Sajid Javid as the country's Interior Minister, in her efforts to end the immigration scandal.

Mon, 30 Apr 2018 12:55:13 GMT

Marriott Vacations nears acquisition deal with ILG

Marriott Vacations Worldwide is set to acquire the peer ILG in a $4.7B cash-and-stock deal, sending the ILG's shares up 7.2% to $35.00 on Monday on the news.

Mon, 30 Apr 2018 12:25:29 GMT

VW seeks JV with China's Didi to manage its car fleet

Volkswagen is considering to establish a joint venture with the Chinese ride-hailing firm Didi Chuxing, as it seeks to manage a part of its car fleet and co-develop self-driving vehicles.

Mon, 30 Apr 2018 12:21:38 GMT

ExxonMobil to acquire Indonesia's FKT for $436M

ExxonMobil agreed to buy Indonesia's motorcycle lubricant producer PT Federal Karyatama in a $436M deal, the maker's parent PT Mitra Pinasthika Mustika announced on Monday.

Mon, 30 Apr 2018 11:39:39 GMT

Britain's Aviva set to pay nearly $20M over preference shares

Aviva, the British insurer, stated it was set to pay up to $19.25M to compensate its preferenc4e shares' holders, who had sold out before the firm backed down on the plan to cancel them.

Mon, 30 Apr 2018 11:33:48 GMT

France, Germany and Britain agree on backing Iran nuclear deal

Germany, France and Britain agreed on a support for the Iran nuclear deal, which the US President Donald Trump had threatened to scrap, as it is still the best option to stop Tehran from getting nuclear weapon.

Mon, 30 Apr 2018 09:34:22 GMT

Australia's AMP announces resignation of chairwoman, legal counsel

On Monday, the Australian biggest-listed wealth manager AMP said its General Counsel Brian Salter and Chairwoman Catherine Brenner had resigned on the back of the banking scandal at the firm.

Mon, 30 Apr 2018 09:29:50 GMT

China's senior diplomat Wang to travel to North Korea soon

The Chinese government's senior official Wang Yi is set to travel to North Korea as soon as this week, following hopes for bringing peace to the Korean peninsula raised last week.

Mon, 30 Apr 2018 08:24:03 GMT

Iran: US, Saudi Arabia cooperation will deepen crisis in Middle East

Cooperation between the United States and Saudi Arabia would lead to greater crisis in the Middle East, a representative from the Iranian Foreign Ministry was quoted as saying.

Mon, 30 Apr 2018 08:16:54 GMT

British Home Secretary Rudd resigns

Amber Rudd has announced her resignation as the UK's Home Secretary amid immigration scandal.

Mon, 30 Apr 2018 07:08:54 GMT

Cambodia starts registering parties for July general election

On Monday, Cambodia has launched a registration of political parties ahead of the July general election, after the main opposition had been dissolved, giving a higher chance for the PM Hun Sen to win the vote.

Mon, 30 Apr 2018 07:05:22 GMT

Russia grants Uniper's stake purchase approval to Fortum

Fortum, the Finnish utility, announced it had received an approval from Russian authorities for the acquisition of up to 50% in its Germany's counterpart Uniper.

Mon, 30 Apr 2018 06:38:01 GMT

AccorHotels to buy Movenpick Hotels from Prince Alwaleed's firm

Kingdom Holding, the Prince Alwaleed bin Tatal's firm, has agreed with its partners to sell Movenpick Hotels & Resorts to AccorHotels, where Kingdom has a 5.7% stake, for the price of $567M.

Mon, 30 Apr 2018 06:32:43 GMT

Sainsbury's, Walmart's Asda to create supermarket powerhouse in UK

On Monday, Sainsbury's and Walmart's unit Asda confirmed their merger deal, formed to create the largest supermarket group by a market share in Britain, outracing the current leader Tesco.

Mon, 30 Apr 2018 05:29:13 GMT

Russia likely to approve Schlumberger's bid to buy EDC stake

Russia has granted a preliminary approval to the US oilfield services titan Schlumberger's acquisition of up t 49% of Eurasia Drilling Co stake.

Mon, 30 Apr 2018 05:23:55 GMT

Cable operators may be required to provide networks to third parties

German regulator considers demanding cable TV operators to open their network access to third parties, a requirement that could affect negotiations on the EU merger between Liberty Global and Vodafone.

Mon, 30 Apr 2018 04:33:31 GMT

WSJ reports US Marathon Petroleum to acquire Andeavor

According to the Wall Street Journal, Marathon Petroleum, the US refiner, is set to clinch an acquisition deal with Andeavor worth over $20B.

Mon, 30 Apr 2018 04:29:58 GMT

China's Baidu plans selling majority of its financial services unit

China's Baidu is planning to sell a majority stake in the company's financial services business to the TPG Capital Management-led consortium in a deal valued at about $1.9B.

Mon, 30 Apr 2018 02:51:00 GMT

Profit of Saudi Basic Industries grows 5.4% in Q1

Saudi Basic Industries, the largest petrochemicals producer in the Mideast, reported a 5.4% higher profit in the Q1 amid growing sale volumes and prices, in spite of $290M restructuring charge.

Mon, 30 Apr 2018 02:50:47 GMT

Prologis to buy DTC Industrial Trust for $8.4B

Logistics major Prologis is expected to acquire the company's smaller US rival DTC Industrial Trust in an $8.4B all-stock transaction, including the debt assumption, the companies stated.

Mon, 30 Apr 2018 02:25:58 GMT

Chinese factory PMI falls to 51.4 in April

China's factory PMI eased from 51.5 to 51.4 in April, adding to concerns on an anticipated loss of economic growth momentum amid debt risks and trade dispute with the US.

Mon, 30 Apr 2018 02:25:25 GMT

China's services PMI at 54.8 in April

The Chinese services PMI rose from 54.6 to 54.8 in March, as the sector expanded a strong run of solid activity, an official survey revealed.

Sun, 29 Apr 2018 20:08:14 GMT

T-Mobile, Sprint Corp optimistic about acquisition deal

The wireless carriers T-Mobile US Inc and Sprint Corp were optimistic about their ability to receive a permission for their deal from US regulators, both companies said on Sunday.

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