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EP Global makes takeover bid for Germany's Metro
Sat, 22 Jun 2019 11:45:42 GMT
 
The acquisition vehicle EP Global Commerce, led by Slovak and Czech investors, has made a takeover bid for Germany's retailer Metro, valuing the company at $6.60B, EP Global announced >>
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UK minister to arrive in Iran for talks
Sat, 22 Jun 2019 11:36:45 GMT
 
Andrew Murrison, UK's Middle East minister, is set to visit Iran this Sunday to hold "frank and constructive" negotiations amid severing tensions between Washington and Tehran after downing the US >>
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Money-laundering regulator triggers crackdown on crypto
Sat, 22 Jun 2019 10:37:51 GMT
 
Cryptocurrency companies are set to obey rules to prevent the digital coin abuse for money laundering on the back of a global watchdog's launched crackdown in the first international regulatory >>
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China needs $440B for rural sanitation
Sat, 22 Jun 2019 09:31:22 GMT
 
According to a report published in the People's Daily, the Chinese government needs to allocate $440B to improve sanitation and get rid of pollution in the country's rural area. >>
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Exxon might get rid of offshore Norwegian fields
Sat, 22 Jun 2019 08:28:19 GMT
 
According to the Dagens Naeringsliv newspaper, Exxon Mobil Corp is considering dropping its $3-4B stake in offshore gas and oil Norwegian fields. >>
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Citi expects rates downgrade by 50 bps
Sat, 22 Jun 2019 07:22:00 GMT
 
A team of economists in the Citibank stated on Friday that if the Fed decided to downgrade interest rates in July, it would do so by 50 bps. >>
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Amazon gets patent for drone use
Sat, 22 Jun 2019 06:22:56 GMT
 
The US Patent and Trademark Office on Friday has issued a patent to Amazon.com Inc that enabled the company to use drones not only as a mean of delivery but >>
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US-Iran conflict lifts Japanese Yen
Sat, 22 Jun 2019 05:06:32 GMT
 
On Friday, the US Dollar versus the Japanese Yen rose to five months high amid growing tensions between the United States and Iran. >>
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Oil futures surge by 10% in week
Sat, 22 Jun 2019 04:15:28 GMT
 
Crude oil futures edged higher on Friday, with the US WTI crude was up by 10% this week, while the Brent crude was on course for its first weekly gain >>
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Swiss to activate protective measures
Sat, 22 Jun 2019 03:12:27 GMT
 
The spokesperson for Swiss government said on Friday that Switzerland would ban the trading of Swiss stocks on the EU market if the European Union does not extend Swiss exchanges >>
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EU to end Swiss stock exchanges access to EU investors
Sat, 22 Jun 2019 02:01:38 GMT
 
According to an EU diplomat on Friday, Swiss stock exchanges are set to lose their access to EU investors from July 1, after the European Commission lost patience in negotiations. >>
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SunPower files claim against former executive
Fri, 21 Jun 2019 20:27:58 GMT
 
The US solar firm SunPower Corp has filed a claim against its former Vice President of global channels Martin DeBono, saying that he illegally got possession of proprietary information for >>
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US Senators seek info on antitrust probes
Fri, 21 Jun 2019 19:24:37 GMT
 
A group of the US Senators from the Democratic Party have requested the White House to provide information regarding the Justice Department's and the Federal Trade Commission's joint investigation over >>
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Puma Energy picks BAML to run asset sale
Fri, 21 Jun 2019 18:08:54 GMT
 
Trafigura's Puma Energy has selected Bank of America Merrill Lynch for its planned asset sale in the company's effort to cut its debt, declining to comment on specific assets, Reuters >>
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Delta takes stake in Korean Air Lines' parent
Fri, 21 Jun 2019 16:42:25 GMT
 
Delta Air Lines took over a stake in the parent of Korean Air Lines, seeking to boost it to 10%, giving impetus to the South Korean top carrier's management that >>
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