News

Mon, 25 Feb 2019 20:51:51 GMT

Newmont shareholders see no value in Barrick's bid

Newmont Mining's CEO Gary Goldberg stated on Monday the company's shareholders viewed no value for both miners in $18.0B worth hostile bid proposed by Barrick Gold Corp earlier that day.

Mon, 25 Feb 2019 20:08:01 GMT

Windstream Holdings files for bankruptcy

On Monday, Windstream Holdings has filed for the Chapter 11 bankruptcy, receiving Citigroup Global Markets' commitment for $1.0B in financing to back the telecom service provider's business operations.

Mon, 25 Feb 2019 19:59:48 GMT

Telefonica rolls out open-access internet service in Peru

Telefonica, the Spanish telecommunications group, announced on Monday it was set to launch an open-access mobile internet service for Peru, as the company sought to expand coverage in Latin America's rural areas.

Mon, 25 Feb 2019 19:34:53 GMT

Warburg Pincus completes Leumi Card takeover

On Monday, Warburg Pincus, the US private equity group, has finalised the takeover of the credit card business owned by Israel's Bank Leumi, saying it brought in three more strategic partners.

Mon, 25 Feb 2019 19:31:32 GMT

JAB acquires majority stake in pet hospitals

The private EU investor JAB Holding agreed to acquire a controlling stake of Compassion-First Pet Hospitals from the private equity company Quad-C Management, expanding its portfolio into another sector.

Mon, 25 Feb 2019 18:17:50 GMT

Flacks Group explores Laura Ashley takeover

On Monday, the investment company Flacks Group stated it was exploring a potential deal to acquire Britain's Laura Ashley Holdings, valuing the fashion retailer at £20.0M.

Mon, 25 Feb 2019 18:13:55 GMT

Barrick offers $18B in hostile bid for Newmont

Canada's Barrick Gold has offered $18.0B in stock on Monday to acquire its US competitor Newmont Mining in a hostile bid, which could potentially combine the two biggest gold producers in the world.

Mon, 25 Feb 2019 17:05:38 GMT

Trump sees positive outcome for US-Sino trade dispute

The US President Donald Trump stated on Monday he was expecting a positive outcome for the final trade deal between the US and China, expressing his willingness to hold a summit over pact signing, but cautioned there could be no agreement reached too.

Mon, 25 Feb 2019 16:50:34 GMT

KKR acquires Universum Film from RTL

On Monday, the German broadcaster RTL announced about a sale of its film rights unit Universum Film to the US private equity firm KKR, not disclosing the financial terms of the deal.

Mon, 25 Feb 2019 16:27:48 GMT

GE head Culp plans biopharma business sale

General Electric announced on Monday it was planning a sale of its biopharma business unit to Danaher Corp in a deal worth $21.4B under the industrial conglomerate's new CEO Larry Culp, sending the company's shares up 15%.

Mon, 25 Feb 2019 16:24:19 GMT

Airobotics moves production to US from Israel

On Monday, the Israeli automated industrial drone maker, Airobotics, announced it was moving the production from Israel to its US headquarters in Arizona, seeking to meet rising demand in America, Australia and some areas of Asia-Pacific.

Mon, 25 Feb 2019 14:56:23 GMT

President Trump raises concerns over high oil prices

The US President Donald Trump has raised his concerns on Monday over oil prices, saying they are too high, calling on the OPEC to "relax" and keep prices steady.

Mon, 25 Feb 2019 14:51:14 GMT

World shares rise on China import tariffs delays

On Monday, world stock markets surged on the news that the US President Donald Trump had decided to delay a tariff climb on China's imports, raising hopes for a peaceful solution for the US-Sino trade war.

Mon, 25 Feb 2019 14:33:51 GMT

SPD aims to expand halt on Saudi arms export

Germany's Social Democrats are seeking to expand its halt on the Saudi Arabia arms export, despite pressure by France and Britain over a risk of possible expensive claims for compensation.

Mon, 25 Feb 2019 14:24:22 GMT

EU Commission to decide on network vendors

The EU Commission is set to make a decision over admission criteria for the telecoms network vendors in the near future, despite concerns over Chinese firms ban that could postpone the 5G services roll-out.

Mon, 25 Feb 2019 13:30:22 GMT

Tusk sees Brexit delay as rational option

Donald Tusk, the EU Council President, stated on Monday he considered the Brexit delay, beyond its scheduled date of March 29, a "rational solution" due to no majority had been gained for Britain's exit approval.

Mon, 25 Feb 2019 13:23:10 GMT

Britain to impose ban on Lebanon's Hezbollah

On Monday, Britain announced it would impose a ban on the Lebanese Islamist group Hezbollah as a terrorist organisation amid destabilising influence in the Middle East.

Mon, 25 Feb 2019 12:09:27 GMT

EBRD bank names Javorcik as Chief Economist

The EU Bank for Reconstruction and Development appointed Beata Javorcik, the Oxford University professor, as the new Chief Economist to succeed the incumbent Sergei Guriev, starting September 2019.

Mon, 25 Feb 2019 12:09:17 GMT

HMD Global unveils Nokia 9 PureView flagman

On Sunday, Finland's HMD Global has launched a new handset Nokia 9 PureView, the world's first five camera array smartphone, based on Google's Android One with a two-year operating system upgrades guarantee.

Mon, 25 Feb 2019 11:15:55 GMT

Vodafone CEO comments on Huawei

On Monday, the head of Vodafone announced that the US authorities have to share information about Huawei with European officials. That way the EU might evaluate the reasons for the US ban on the company's products.

Mon, 25 Feb 2019 11:15:21 GMT

Huawei breaks price ceiling

During the weekend Huawei revealed a new 5G smartphone, which has a record price of $2600. Meanwhile, the US still wants to globally ban Huawei from the 5G network.

Mon, 25 Feb 2019 10:34:26 GMT

Sony revives smartphone franchise with new screens

Japan's Sony has announced its new Xperia 1 smartphone with the 21:9 ratio film-style screen at Barcelona's Mobile World Congress on Monday, seeing to capitalise on its film pedigree.

Mon, 25 Feb 2019 10:28:23 GMT

BMW fined $9.65M over faulty engine software

The German automaker BMW was fined by the Munich prosecutors $9.65M for administrative lapses, as it had installed the faulty engine software into almost 8K vehicles, which led to higher emissions.

Mon, 25 Feb 2019 09:37:57 GMT

HERE ties up with China's Navinfo

The German digital mapping company HERE Technologies has partnered with the Chinese firm Navinfo to expand its location services in China.

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