News

Mon, 07 May 2018 16:22:15 GMT

European stocks buoyed by Nestle, uneasiness for Air France

European stocks closed higher on the first day of the week, driven by big gains and strong earning updates in Nestle, after a company agreed to tie-up with Starbucks.

Mon, 07 May 2018 16:06:39 GMT

US Navy jets started sorties against Islamic State in Syria

US naval strike force began sorties against Islamic State headed by aircraft carrier Harry S. Truman, continuing missions by US-led coalition versus the militants.

Mon, 07 May 2018 15:31:53 GMT

Czech PM Babis anticipates final coalition agreement until Friday

On Monday, Czech prime minister and ANO chairman Andrej Babis said, that its party awaits for the last agreement on a new coalition with Social Democrats by Friday.

Mon, 07 May 2018 15:23:17 GMT

Trump defends his CIA pick and supports her via tweet

US President Donald Trump defended CIA nominee on Monday, after US media found out that she had tried to withdraw from this nomination concerning her involvement in the interrogation program.

Mon, 07 May 2018 14:36:19 GMT

Mediatek receives Taiwan's permit to sell goods to ZTE

Taiwan's chip designer Mediatek received an approval from the government to export components to ZTE, China's telecom equipment producer that had been subjected to the US restrictions.

Mon, 07 May 2018 14:17:47 GMT

Russia's PM Medvedev to stay for another term

On Monday, the Kremlin stated that Vladimir Putin had appointed Dmitry Medvedev as the Russian Prime Minister for another term, after being sworn in as the country's President for the next six years.

Mon, 07 May 2018 13:36:18 GMT

American Tower to buy Telkom Kenya's transmission towers

America Tower Corp announced on Monday it would acquire the transmission towers of Telkom Kenya in a deal that was seen to be finalised in this year's second half, allowing Telkom to make investments in its Internet network.

Mon, 07 May 2018 13:33:47 GMT

Italian golden power committee drops meeting withTelecom Italia

Italy's golden power committee is not eager to meet with Telecom Italia's representatives on Monday, Corriere della Sera reported, citing government sources.

Mon, 07 May 2018 12:17:41 GMT

Vladimir Putin sworn in for six-year term in office

On Monday, Vladimir Putin has been sworn in for his fourth term to serve as the President of Russia for six years more, following a win of 70% of the vote in the elections.

Mon, 07 May 2018 12:06:53 GMT

Putin and Merkel to meet in Russia's Sochi in May

Germany's Chancellor Angela Merkel is planning a visit to Russia's Sochi on Friday, May 18 to meet the President Vladimir Putin, as two leaders are set to hold official talks, the RIA news outlet reported.

Mon, 07 May 2018 11:36:06 GMT

Cognizant's Q1 revenue surges 10%

Cognizant Technology Solutions, the IT services company, reported on Monday its revenue surged around 10% in the Q1, driven by the higher clients' spending in the financial and healthcare industries.

Mon, 07 May 2018 10:30:47 GMT

US oil surpasses $70 and dollar moves towards 2018 high

Oil prices soared to their maximum since late 2014 during Monday, while dollar's heading towards 2018 high and worries about United States re-imposing sanctions on Iran continued.

Mon, 07 May 2018 10:19:48 GMT

Trump force for conservative judges increases

US President Donald Trump continues to work towards creating the federal judiciary much more conservative, and his fellow Republicans are ready to confirm his picks.

Mon, 07 May 2018 09:37:38 GMT

Carlyle aims to finalise new Asia fund at $6.5B

Carlyle Group is aiming to finalise its largest-ever new Asia private equity fund at $6.5B, following an initially targeted value of $5B that had a strong investors' response, which made the firm raising the fund.

Mon, 07 May 2018 09:32:50 GMT

IFF to sign $7.1B acquisition deal with Israel's Frutarom

On Monday, International Flavors and Fragrances agreed to acquire Israel's Frutarom, flavours and ingredients supplier, in a deal valued at $7.1B in stock and cash.

Mon, 07 May 2018 08:26:21 GMT

Ping An Good Doctor's shares drop 11% on valuation worries

Ping Am Good Doctor's shares plunged as much as 11% on the second trading day on Monday below the IPO price on the investors worries over the high valuations for such a loss-making company.

Mon, 07 May 2018 08:25:05 GMT

Nokia buys US software maker SpaceTime Insight

On Monday, Nokia announced it had acquired SpaceTime Insight, the US software supplier for industrial customers to manage assets and devices across their network, not providing any further details on the deal.

Mon, 07 May 2018 07:29:11 GMT

Flipkart yet to close deal to sell stake to Walmart

Flipkart, India's e-commerce firm, is yet to finalise its deal to sell about 75% majority stake to Walmart for around $15B, sources familiar with the matter reported.

Mon, 07 May 2018 07:24:46 GMT

Blackstone to finalise F&R acquisition deal in late summer

The US private equity firm Blackstone is expected to close its $20B acquisition of Financial and Risk's majority stake in late summer, as the targeted July 1 date seems highly unlikely due to regulatory requirements.

Mon, 07 May 2018 06:34:41 GMT

Nestle to pay Starbucks $7.15B in coffee alliance

Nestle has revealed the value of its tie-up with Starbucks, saying it would pay $7.15B to the US coffee company to market its products globally outside Starbucks' coffee shops.

Mon, 07 May 2018 06:31:12 GMT

Newell plans to sell Waddington in $2.3B deal

Newell Brands announced it was planning to sell Waddington Group, its plastic packaging business, in a deal worth $2.3B, reporting its shares rose 6% to $28.29 on the announcement.

Mon, 07 May 2018 05:03:48 GMT

OC Oerlikon seeks IPO for drive systems business in 2018

OC Oerlikon, the Swiss tech group, is preparing the IPO for its drive systems division by the mid-year, as it seeks raising cash for the other parts of the business, sources close to the issue reported.

Mon, 07 May 2018 04:54:23 GMT

Anglo American to halt investment in Nautilus

Anglo American, the diversified miner, is set to terminate the investment in the deep sea mining firm Nautilus Mining, as part of the prioritisations of its portfolio on the company's largest resource assets.

Mon, 07 May 2018 04:34:03 GMT

FT: Swiss Re-SoftBank talks over taking stake are faltering

On Sunday, the Financial Times stated that the talks between SoftBank and Swiss Re about Japan's firm taking a stake in the Swiss reinsurer are close to collapsing, following three months of discussions.

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