News

Mon, 25 Mar 2019 21:10:34 GMT

Jet Airways gets $217.6M funding

India's airline Jet Airways got a $217.6M interim funding from State Bank of India after the founder Naresh Goyal stepped down from the board.

Mon, 25 Mar 2019 20:26:30 GMT

China Vanke's profit jumps 20.4% last year

The Chinese leading property developer China Vanke recorded a 20/4% higher net profit in 2018, despite a decrease in the real estate market, the company stated.

Mon, 25 Mar 2019 20:17:56 GMT

Germany's business confidence weakest in five years

Germany's business climate index, based on the companies' monthly surveys, edged from 98.5 to 99.6 in the month of February, though still the lowest level since late 2014.

Mon, 25 Mar 2019 19:32:55 GMT

AT&T, Viacom renew contract

Viacom renewed the carriage contract with AT&T, avoiding a MTV, Nickelodeon and Comedy Central blackout for the pay TV service's DirecTV users, the companies stated.

Mon, 25 Mar 2019 19:27:27 GMT

Abu Dhabi approves $1.5B for food security and water scarcity R&D

The Crown Prince of Abu Dhabi approved $1.52B for research and development over food security and water scarcity in the following five years.

Mon, 25 Mar 2019 17:50:38 GMT

Airbus nearing jet deal with China

The EU aircraft maker Airbus is nearing to clinch a deal with China worth billions of dollars after a one-year-long delay in the negotiations, some industry sources reported on Monday.

Mon, 25 Mar 2019 17:50:33 GMT

Tradeweb Markets seeks raising $709M in IPO

The electronic trading platform Tradeweb Markets stated on Monday it was planning to attract up to $709M in its initial public offering, seeking to offer 27.3M of its shares at the price of up to $26 per share.

Mon, 25 Mar 2019 16:52:15 GMT

Jet Airways' Goyal steps down from board

Naresh Goyal, the Jet Airways Chairman, is set to resign from the board, reducing his stake in India's carrier, the firm announced on Monday on the back of its preparations for a rescue deal conducted by the state-run banks.

Mon, 25 Mar 2019 16:52:06 GMT

CME explores strategic options including sale

On Monday, CME Group announced it was exploring strategic options for the company, including its potential sale, sending the broadcaster's shares up 8% on the news.

Mon, 25 Mar 2019 16:15:43 GMT

Avon and Natura confirm deal talks

The beauty products company Avon and Brazil's cosmetics producer Natura Cosmeticos confirmed they had entered deal talks, not providing any further details, after media reported Avon would put its firm together after splitting it up three years ago.

Mon, 25 Mar 2019 16:04:29 GMT

Brookfield plans investing in TransAlta

On Monday, TransAlta Corp stated that Brookfield Asset Management was set to make a C$750M investment in the Canadian power firm to help it become clean energy producer within the next five-six years.

Mon, 25 Mar 2019 15:15:31 GMT

Qatar Airways supports Boeing in crash crisis

On Monday, Qatar Airways has expressed its support towards Boeing as the US planemaker is facing its largest crisis over two fatal crashes involving its 737 MAX aircraft.

Mon, 25 Mar 2019 15:12:57 GMT

Apple focuses on games subscription service

Apple has shifted its focus on developing its games subscription service designed for the tech giant's App Store, while the launch of the film and television streaming service is scheduled for the late Monday.

Mon, 25 Mar 2019 14:30:14 GMT

Cavalli's Surridge announces resignation

Cavalli's creative director Paul Surridge announced on Monday he would step down from his position after less than 2 years of service in the Italian fashion house.

Mon, 25 Mar 2019 14:28:05 GMT

Canada's Enmax to acquire Emera's unit

On Monday, the Canadian utility Enmax stated it would acquire Emera's electric distribution and transmission arm Maine in a deal valued at $959M amid Enmax's expansion in North America.

Mon, 25 Mar 2019 13:20:41 GMT

Scout24 shows interest in eBay's classified unit

Germany's property and autos marketplace Scout24 expressed its interest on Monday to acquire eBay's classified business, following activist investors' pressure to do so.

Mon, 25 Mar 2019 13:20:05 GMT

Nike hit by €12.5M fine over soccer merchandise sales

On Monday, Nike, the US sportswear maker, has been fined €12.5M for blocking the soccer merchandise cross-border sales of the FC Barcelona, Juventus, Manchester United, etc., within the period of 2004-2017.

Mon, 25 Mar 2019 12:11:28 GMT

UK pensions ministers says May should not quit

Amber Rudd, the British Pensions Minister, stated on Monday that Theresa May should not step down as the Prime Minister on the back of criticism faced by her Conservative Party over the Brexit deal.

Mon, 25 Mar 2019 12:00:51 GMT

Ethiopian Airlines head pledges to find crash reason

Ethiopian Airlines CEO Tewolde Gebremariam has pledged on Monday to figure out the reason for the flight 320 crash, as the airline is set to work closely to the local and the United States investigators.

Mon, 25 Mar 2019 10:39:04 GMT

French EU minister to step down for Macron's campaign

The French EU Affairs Minister Nathalie Loiseau is planning to step down later on Monday, as she is set to lead the European Parliament election campaign of the country's President Emmanuel Macron.

Mon, 25 Mar 2019 10:36:16 GMT

Ethiopian Airlines not set to attend Boeing meeting

Ethiopian Airlines stated on Monday it had no immediate plans to attend the Boeing meeting held in the United States over its software update, which was the focus of an inquiry into two fatal crashes.

Mon, 25 Mar 2019 09:32:43 GMT

New Zealand PM to meet China's President Xi

On Monday, Jacinda Ardern, the New Zealand Prime Minister, stated she would head to China for the meeting with the Asian country's President Xi Jinping scheduled for the end of this week, on the back of the strained relation concerns between two countries.

Mon, 25 Mar 2019 09:20:55 GMT

Naspers plans e-commerce venture flotation

South Africa's Naspers is planning the Euronext stock exchange flotation of its e-commerce ventures in Amsterdam, it announced on Monday, as the company seeks to address a great discount in shares.

Mon, 25 Mar 2019 08:37:45 GMT

Sports Direct against any no-equity plan by Debenhams

Sports Direct, the British sport department store group, stated that any restructuring option proposed by Debenhams that could wipe out the equity value for the sportswear firm's shareholders would be opposed and unapproved.

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