News

Fri, 10 May 2019 06:28:34 GMT

AB InBev's Asia unit files for HK IPO

On Friday, Anheuser-Busch InBev's Asian business filed for an initial public offering in Hong Kong, potentially valued at no less than $5.0B, according to sources familiar with the situation.

Fri, 10 May 2019 04:56:16 GMT

Infratil considers to acquire Vodafone's NZ unit

On Friday, the utilities investor Infratil stated it had entered talks to acquire Vodafone Group's New Zealand operations along with an unnamed party, as Vodafone was seeking to consolidate its Australian and NZ businesses.

Fri, 10 May 2019 04:50:10 GMT

Rappi to add more cities to operate in Brazil

Latin America's Rappi is planning to triple the cities number in Brazil where its delivery service operates, after clinching a deal with Japan's SoftBank worth $1.0B.

Fri, 10 May 2019 04:38:00 GMT

Natixis buys stake in Australia's resources M&A adviser

France's broker Natixis took a stake in the Australian resources M&A adviser, Azure Capital, seeking to expand its footprint into the global deal-making services, the group announced on Friday.

Fri, 10 May 2019 04:33:39 GMT

TiVo Corp to split into two businesses

On Thursday, TiVo Corp announced its board had approved a decision to separate its product units from the intellectual property licensing division, amid the set-top box developer's intention to lure more buyers.

Thu, 09 May 2019 20:01:26 GMT

Mitsubishi not in talks on integration with Renault, Nissan

Mitsubishi Motors Chief Executive Officer, Osamu Masuko, stated on Thursday that the carmaker had not entered talks with Renault and Nissan Motor over potential management integration, adding he was not aware of such discussions between the companies.

Thu, 09 May 2019 19:57:05 GMT

Copa Airlines confident about Boeing's 737 MAX jets

On Thursday, Panama's Copa Airlines stated it was fully confident about its Boeing's 737 MAX aircraft, which had been grounded across the world since March due to two fatal crashes, adding the carrier expected the planes to resume operations starting from August.

Thu, 09 May 2019 19:35:26 GMT

LafargeHolcim's Philippines operations to be sold for $2.15B

The world's biggest cement maker LafargeHolcim is planning a sale of its Philippines business to San Miguel Corporation, the infrastructure group, in a deal valued at $2.15B, as the group keeps selling off its divisions in fringe markets.

Thu, 09 May 2019 19:31:12 GMT

Reliance Industries takes toy retailer Hamleys

The Indian the energy-to-telecoms group Reliance Industries announced on Thursday it had taken over the UK toy retailer Hamleys, not disclosing the financial terms of the deal; however, it is known that C Banner acquired the British firm for £100M in 2015.

Thu, 09 May 2019 17:51:10 GMT

EU countries reject ultimatums from Tehran

On Thursday, European countries stated that they wanted to save Iran's nuclear deal, as the Foreign Ministers of Britain, France and Germany rejected a 60-day deadline from Tehran.

Thu, 09 May 2019 17:51:00 GMT

British PM May meets with DUP

On Thursday, the UK Prime Minister Theresa May held talks with the leader and senior member of the Democratic Unionist Party, her spokesperson stated.

Thu, 09 May 2019 16:53:06 GMT

PSA in advanced talks with Tata Motors to acquire JLR

According to a report by the British news agency, the French automotive group PSA was in advanced discussions with India's Tata Motors to acquire Jaguar Land Rover.

Thu, 09 May 2019 16:52:57 GMT

Telia faces EU antitrust investigation

According to two people with knowledge of the matter, the Nordic telecoms operator Telia's faces EU antitrust investigation of $954 million over the Bonnier Broadcasting deal.

Thu, 09 May 2019 16:13:25 GMT

US trade deficit with China at five-year low

The US Commerce Department announced on Thursday that the United States goods trade deficit with China reached five years low in March.

Thu, 09 May 2019 16:13:16 GMT

US SEC plans to change accelerated filer definitions

On Thursday, the US Securities and Exchange Commission voted to change the definitions of "accelerated filer" for public companies.

Thu, 09 May 2019 15:15:54 GMT

US stocks slide on Thursday

Wall Street edged lower on Thursday. The decline was attributed to the rising trade tensions between the United States and China.

Thu, 09 May 2019 15:14:52 GMT

Chevron abandons takeover bid for Anadarko

On Thursday, Chevron Corp's Chief Executive Officer Michael Wirth said that the company had abandoned its bid to takeover Anadarko Petroleum Corp.

Thu, 09 May 2019 14:27:34 GMT

Novartis acquires Takeda's dry eye drug for $5.3B

Novartis is acquiring the dry eye Xiidra drug from Takeda Pharmaceuticals in a deal valued at $5.3B, amid Swiss drugmaker's intention to renew the ophthalmic medicines portfolio.

Thu, 09 May 2019 14:13:15 GMT

Kraft Heinz to sell baby food brand

Kraft Heinz, the US packaged food group, launched a sale of the baby food unit Plasmon, including preliminary offers due by the following week's end, sources familiar with the issue reported on Thursday.

Thu, 09 May 2019 13:27:56 GMT

US initial jobless claims plunge 2K last week

The number of applications for US unemployment benefits decreased 2K to 228K in the week ending May 4, still beating analysts' estimates for a drop to 215K from the previous 230K reading.

Thu, 09 May 2019 13:23:11 GMT

Google rolls out cheaper Pixel smartphone

Google rolled out affordable models of the Pixel smartphone at the price of $399 and clinched an exclusive distribution deal in the Us with Verizon Communications, marking a significant shift in its hardware strategy.

Thu, 09 May 2019 12:38:01 GMT

Sprint posts deeper losses in subscribers in Q4

Sprint reported it had lost more phone subscribers than feared in its Q4 despite discount offering, lifting concerns regarding the wireless carrier's sustainability, if the on-going merger deal with T-Mobile was not approved.

Thu, 09 May 2019 11:31:44 GMT

Statkraft to expand EV charging in UK, Germany

On Thursday, the Norwegian utility Statkraft's CEO stated the company was planning an expansion of its EV charging service in Britain and Germany, seeing to snap up more power factories by the 2019-end.

Thu, 09 May 2019 11:28:01 GMT

Brazil's Nubank establishes new office in Mexico

Brazil's fintech company Nubank is set to launch a new office based in Mexico next week, seeking expansion into Latin America, the firm's executive stated on Thursday.

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