News

Mon, 01 Apr 2019 14:29:18 GMT

Kellogg plans Keebler unit, assets sale for $1.3B

On Monday, Kellogg it was planning a sale of some assets and a cookie units Famous Amos and Keebler to Ferrero Group in a deal valued at $1.3B, amid Kellogg's intention to focus on the snacks and cereal businesses.

Mon, 01 Apr 2019 12:51:09 GMT

Norwegian Air head to visit Boeing for talks

Norwegian Air's CEO Bjoern Kjos is set to make a visit to the planemaker Boeing in Seattle on Monday to discuss the MAX aircraft grounding issues, as the carrier owns 18 737 MAX 8 jets in its fleet.

Mon, 01 Apr 2019 12:50:47 GMT

J&J's baby shampoo fails India quality test

The baby shampoo samples by Johnson & Johnson failed a quality test conducted by India's Rajasthan, the state drug watchdog reported, while the US drugmaker has rejected the findings.

Mon, 01 Apr 2019 12:02:22 GMT

France's Publicis considers acquiring Epsilon

The French advertising company Publicis has entered talks to acquire Alliance Data System's marketing unit Epsilon that had been possibly valued at about $5.0B.

Mon, 01 Apr 2019 11:50:21 GMT

FT reaches million paying readers

The Financial Times announced on Monday it had reached a million paying readers with the company's profits and revenue continuing to grow since the UK business publication was bought by Japan's Nikkei.

Mon, 01 Apr 2019 11:18:25 GMT

Airbnb makes investment in OYO

Airbnb, the home-renting company, invested in the Indian hotel reservation firm OYO's series E funding round on the back of its expansion in the hotel-booking industry.

Mon, 01 Apr 2019 10:50:36 GMT

US app Life360 looks at investors for IPO

Life360, the US family tracking application operator, is seeking for investors for its initial public offering in Sydney, valuing the group at up to $675M in a potential largest tech listing in Australia in three years.

Mon, 01 Apr 2019 10:36:16 GMT

China's EHang postpones IPO plan

China's drone maker EHang has postponed its planned US initial public offering, seeking to attract up to $200M in a private round of funding instead, sources reported on Monday.

Mon, 01 Apr 2019 09:39:47 GMT

EasyJet sees weak outlook, shares drop

On Monday, the UK low-cost airline easyJet warned about suffering pricing and demand caused by Brexit, sending its shares down 7% on the outlook.

Mon, 01 Apr 2019 09:29:01 GMT

Aramco to pay for SABIC takeover in tranches

Saudi Aramco is set to pay $69.1B for the SABIC majority stake takeover in separate tranches, Aramco's presentation given to bond investors showed.

Mon, 01 Apr 2019 08:22:04 GMT

Debenhams investors support Ashley's candidacy

Sports Direct, the UK sportswear firm seeking control over Debenhams, stated the department store group's shareholders expressed their support to name Mike Ashley as the Chief Executive.

Mon, 01 Apr 2019 08:18:02 GMT

Endeavor plans IPO for 2019-end

The Hollywood talent agency parent Endeavor announced about its plans to launch an initial public offering in the end of the current year, according to the Wall Street Journal.

Mon, 01 Apr 2019 07:37:27 GMT

Network International prices listing at £2.3B

Network International, the payments processor, announced on Monday it would price its shares in the upcoming listing at 395-465 pence each, seeking to value the company at up to £2.3B.

Mon, 01 Apr 2019 07:30:53 GMT

Novartis to pay $310M for IFM assets

On Monday, Novartis agreed to spend $310M upfront for research assets of Boston's IFM Therapeutics on the back of the Swiss drugmaker's expansion of its immunology pipeline.

Mon, 01 Apr 2019 06:10:49 GMT

JDI seeks fund raising, shares soar

On Monday, Japan Display Inc, the troubled Apple supplier, announced it would seek to attract as much as $900M in a new fundraising round planned for this week, sending the manufacturer's shares up to 16% in early trade.

Mon, 01 Apr 2019 06:07:17 GMT

Denmark's DSV to acquire Panalpina for $4.6B

Denmark's DSV is set to acquire Panalpina in a takeover deal worth $4.6B, the Swiss company announced on Monday, bringing to an end the fight among activist investors and its top shareholder over the group's future.

Mon, 01 Apr 2019 04:54:57 GMT

Samsung C&T, Samsung Elec double chip production cost

Samsung C&T and Samsung Electronics nearly doubled the contract size related to the semiconductor production line construction, taking the total cost of their project to $1.29B.

Mon, 01 Apr 2019 04:50:21 GMT

Aramco's 70% stake purchase no to affect SABIC plans

SABIC CEO announced that the company's investment plans would not be affected by the oil titan Aramco's acquisition of its 70% majority stake, adding it was considering asset integration with Aramco to bolster the growth.

Mon, 01 Apr 2019 04:37:48 GMT

Petrobras to acquire part of Israeli gas tender

The Brazilian state-run oil company Petrobras is set to acquire a part of the Israeli offshore gas and oil latest tender, according to the statement made by Israel's energy minister Yuval Steinitz on Sunday.

Mon, 01 Apr 2019 02:55:56 GMT

Irish manufacturing expansion stable in Match

Ireland's manufacturing activity rose at an almost same pace in March compared to the prior month, as further stockpiling before Brexit mostly offset a decline in the output growth.

Mon, 01 Apr 2019 02:55:49 GMT

South Korean exports decline for fourth month in March

South Korea's exports decreased for a fourth month in succession in March, though at a slower pace, indicating the continued strain over the trade reliant economy and putting pressure on policymakers.

Mon, 01 Apr 2019 02:27:07 GMT

Japan's factory output drops at fastest pace in nearly three years

Japan's manufacturing activity decreased at a weaker pace in March than the prior month, though output fell at the fastest pace in nearly three years, a private survey revealed, reflecting weak demand abroad and at home.

Mon, 01 Apr 2019 02:24:25 GMT

Chinese manufacturing returns to expansion last month

China's manufacturing sector returned to growth unexpectedly for the first time in the four-month period in March, suggesting that government stimulus measures slowly gained traction, a private business survey revealed.

Sun, 31 Mar 2019 20:00:36 GMT

Nippon Steel to boost overseas operations

Japan's Nippon Steel is likely to bolster overseas business, especially in fast-expanding India, to bypass rising nationalism and capitalize over growth abroad as it faces weakening demand at home.

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