News

Mon, 28 Jan 2019 11:03:34 GMT

Nissan ties up with SEC over inquiry into financial row

on Monday, Nissan Motor stated it had cooperated with SEC inquiry after Japan's carmaker itself faced scrutiny into the financial scandal, blaming its Chairman Carlos Ghosn for a financial misconduct.

Mon, 28 Jan 2019 10:37:53 GMT

Tesco may slash thousands jobs in fresh food counters

Britain's largest supermarket chain Tesco stated it might trim thousands of job positions by shutting down in-store fish, meat and delicatessen counters, according to the Mail newspaper report.

Mon, 28 Jan 2019 10:34:04 GMT

Qantas clients request VR, exercise bikes for long flights

On Monday, Australia's Qantas Airways state its customers requested some in-flight innovations, like virtual reality relaxation or exercise bikes, for 20-hour-long flights from the country's capital to London.

Mon, 28 Jan 2019 09:39:27 GMT

China's Maoyan prices HK IPO at range's bottom

On Monday, China's film ticketing platform Maoyan Entertainment has priced its initial public offering in Hong Kong at the bottom of its indicative range, raising $250M according to Reuters.

Mon, 28 Jan 2019 09:36:22 GMT

Siemens, Alstom make new concessions to meet antitrust demands

Siemens and Alstom have confirmed new concessions on their rail merger, as they seek to meet antitrust demands and receive an approval from the EU Commission.

Mon, 28 Jan 2019 08:24:34 GMT

CEVA Logistics drops CMA CGM's $1.67B offer

On Monday, CEVA Logistics shareholders rejected a $1.67B takeover bid from the French CMA CGM, saying it had undervalued the Swiss shipper.

Mon, 28 Jan 2019 08:18:12 GMT

Serbia's AIK to bid again for Slovenia's Gorenjska Banka

Serbia's AIK bank is preparing a new offer for all of Slovenian Gorenjska Banka in the next 30 days, AIK stated on Saturday, not disclosing financial terms of the bid; however last year it had offered €298 for Gorenjska's share, potentially valuing the whole bank at €115.6M.

Mon, 28 Jan 2019 07:32:03 GMT

Centerbridge, Cerberus tie up over NordLB stake

The US buyout groups Centerbridge and Cerberus teamed up on acquiring a minority stake in Germany's NordLB public sector lender this Saturday, according to Reuters.

Mon, 28 Jan 2019 07:28:20 GMT

CTG halts talks on EDP takeover with EU

China Three Gorges has terminated talks with the EU regulators on the proposed $10.3B takeover of EDP-Energia de Portugal amid concerns the deal could make any progress.

Mon, 28 Jan 2019 05:54:33 GMT

ENI, OMV to take joint stake in ADNOC's unit

Austria's OMV and Italy's Eni agreed to acquire a combined $5.8B stake in ADNOC's refining business unit to form new trading operation held by the three companies.

Mon, 28 Jan 2019 05:54:23 GMT

Thyssenkrupp has no intention for elevator unit sale

Thyssenkrupp's CEO stated the German company had no intention for its elevator business sale, adding that its current plan on splitting the firm would sufficiently bolster its capital and equity base.

Mon, 28 Jan 2019 05:35:37 GMT

China's BAIC, Didi form JV over NEV and AI projects

China's Didi Chuxing and a unit of the stated-held firm BAIC, Beijing Electric Vehicle, have established a joint venture to launch their work on artificial intelligence and new energy vehicle projects.

Mon, 28 Jan 2019 05:27:05 GMT

MoneyGram explores strategic alternatives for firm

MoneyGram International is exploring strategic options, including the money transfer firm's sale, a year after the US government rejected its $1.2B sale to China's company Ant Financial.

Mon, 28 Jan 2019 04:26:49 GMT

Saudi Aramco to pay $1.6B for stake in Hyundai Oilbank

State-owned Saudi Aramco announced plans to buy up to 19.9% stake of South Korea's refiner Hyundai Oilbank for $1.61B, driving up the parent's Hyundai Heavy Industries' shares 6.6%.

Mon, 28 Jan 2019 03:16:13 GMT

Zuckerberg to integrate Instaram, WhatsApp, Facebook Messenger

Facebook CEO Mark Zuckerberg is set to unify messaging infrastructure of Instagram, WhatsApp and Facebook Messengers' services and incorporate end-to-end encryption into these applications.

Mon, 28 Jan 2019 03:05:27 GMT

Excluding Huawei to hurt development of 5G network

China's envoy to the EU warned that excluding the Chinese technology group Huawei is likely to hamper 5G mobile networks, the Financial Times stated.

Mon, 28 Jan 2019 03:01:17 GMT

China's industrial profits slump on weak demand in December

Earnings at China's industrial companies shrank for the second month in succession in December over slowing prices and sluggish manufacturing activity.

Sun, 27 Jan 2019 21:25:01 GMT

US lifts sanctions from three Russian firms

On Sunday, the US Treasury Department lifted sanctions from three companies related to Russian businessman Oleg Deripaska EuroSibEnergo, EN+ Group Plc and Rusal.

Sun, 27 Jan 2019 21:16:05 GMT

Macron starts three-day trip to Egypt

The President of France Emmanuel Macron began on Sunday an official visit to Egypt to discuss bilateral relations and prospects of investments in national economies.

Sun, 27 Jan 2019 20:19:42 GMT

Israel recognizes Guaido

The Prime Minister of Israel Benjamin Netanyahu stated on Sunday that his government recognized Juan Guaido as the new leader of Venezuela.

Sun, 27 Jan 2019 20:17:42 GMT

UN calls for peace resolution of situation in Venezuela

The UN Under Secretary-General for Political and Peacebuilding Affairs Rosemary DiCarlo called Venezuelan authorities and opposition to immediately start political dialogue in order to avoid possible violance and end the crisis as fast as possible.

Sun, 27 Jan 2019 18:43:39 GMT

Tesco might cut jobs

On Sunday, a report by Reuters revealed that Tesco might cut thousands of fresh food counter jobs.

Sun, 27 Jan 2019 18:43:10 GMT

British officials scold Iraqi economy

On Sunday, the British foreign office minister to the Middle East announced that Iraq has to stop its reliance in economic matters on Iran.

Sun, 27 Jan 2019 18:29:53 GMT

US government agencies resume work

On Sunday, US government workers that were affected by the government shutdown were preparing to return back to work, as the agencies have resumed their work.

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