News

Note: This section contains information in English only.
Tue, 09 Oct 2018 10:06:25 GMT

Iran continues to export oil

On Tuesday, it was reported that an Iranian tanker has discharged two million crude oil barrels in China prior to the upcoming new US sanctions on Iran on November 4.

Tue, 09 Oct 2018 10:05:51 GMT

Nigerian central bank calls a meeting

The Governor of the Nigeria's central bank has called for a meeting of the country's largest telecommunication company and banks to discuss the dispute that has arisen due to the repatriation of $8.1 billion.

Tue, 09 Oct 2018 09:29:57 GMT

Apple removes Bullet Messenger from App Store

China's chat app and Tencent-owned WeChat's rival Bullet Messenger was removed from Apple's App Store due to the alleged copyright complaints towards the application.

Tue, 09 Oct 2018 09:26:15 GMT

Lactalis acquires Nestle Malaysian dairy subsidiary for $40M

The world's biggest dairy company Lactalis agreed Nestle Malaysia's acquire the chilled dairy unit in a deal valued at about $40M.

Tue, 09 Oct 2018 08:19:28 GMT

D.E. Shaw lifts stake in Bunge

D.E. Shaw and Co lifted its stake in the agribusiness and food company Bunge sending its shares up 2.5% to $70.64, the Wall Street Journal reported.

Tue, 09 Oct 2018 07:48:41 GMT

RPC grants Bain, Apollo with more time on takeover bids

RPC Group, the plastic packaging maker, gave the two private equity groups, Bain Capital and Apollo Global Management, more time to make their rival takeover bids for the British company.

Tue, 09 Oct 2018 07:13:40 GMT

CBS seeks for potential acquirers after ex-CEO probe end

CBS is planning to search for potential buyers after an inquiry into the company's former CEO Leslie Moonves ends.

Tue, 09 Oct 2018 07:07:38 GMT

Italy's Eni to buy BP's Libyan gas and oil assets

Italy's Eni is set to acquire half of BP's 85% Libya gas and oil assets, seeking to resume exploration next year, both companies stated on Monday.

Tue, 09 Oct 2018 06:39:12 GMT

Trian Fund considers offer to acquire Papa John's

On Monday, the Wall Street Journal stated that Trian Fund Management was considering a bid to acquire Papa John's International, sending the company's shares up 12.6%.

Tue, 09 Oct 2018 06:32:47 GMT

VW plans hiring four banks to lead its truck arm's IPO

Volkswagen is set to hire JPMorgan Chase, Goldman Sachs, Citigroup and Deutsche Bank to help with its potential initial public offering of the truck division Traton, according to sources.

Tue, 09 Oct 2018 04:42:42 GMT

Asian stocks fall to new low level

On Tuesday, as the Chinese government allowed its currency to fall, Asian share prices reached a 17-month low level.

Tue, 09 Oct 2018 04:41:44 GMT

Iranian crude oil outputs continues to decline

Data released by Refinitv Eikon on Monday has revealed that Iran exported 1.1 million barrels per day in the first week of October.

Tue, 09 Oct 2018 04:30:01 GMT

IMF chief is sure that China can defend its currency

On Tuesday, Maurice Obstfeld the head of IMF revealed that despite the recent decline of the Chinese Yuan he is assured that China can defends its currency.

Tue, 09 Oct 2018 04:29:29 GMT

Oil prices continue to rise

On Tuesday, oil prices continued to increase, as it was announced by Refinitiv EIikon that Iranian exports have decreased in the first week of October.

Tue, 09 Oct 2018 02:50:40 GMT

Air France passenger traffic up 2.7% in September

Air France KLM reported a 2.7% increase in traffic of passengers in September, aiming to enhance the performance after strikes, which cost it millions of euros, led to a management shake-up.

Tue, 09 Oct 2018 02:46:54 GMT

China bans pig imports from Belgium, Japan over African swine fever

China banned imports of wild boars, pigs and products from Belgium and Japan after African swine fever outbreaks in the two countries, the report showed.

Tue, 09 Oct 2018 02:35:22 GMT

IMF diminishes world economic expansion forecasts

The International Monetary Fund cut global economic growth projections for 2018 and 2019, as trade tensions took a toll on commerce, while emerging markets struggled with capital outflows and tighter financial conditions.

Tue, 09 Oct 2018 02:31:55 GMT

Ceconomy reports fiscal year earnings below estimates

Ceconomy, the largest consumer electronics retailer in Europe, stated that operating profit for the 2017-2018 fiscal year was below targets, citing weak business at Saturn and MediaMarkt store chains.

Mon, 08 Oct 2018 20:28:12 GMT

Knorr-Bremse diminishes IPO period on solid demand

Germany's brake systems producer Knorr-Bremse stated that it accelerated the initial public offering after reporting high demand from investors and is set to close the offering on Wednesday.

Mon, 08 Oct 2018 20:24:01 GMT

ECB to begin discussions over rate hike in January

The European Central Bank is likely to start discussing the timing of the interest rate increase in January, while the risks coming from ultra-loose financial conditions keep rising, the Dutch CB Governor Klaas Knot stated.

Mon, 08 Oct 2018 19:28:35 GMT

Alphabet closes Google+ social network

Google is expected shut down Google+ after announcing that data from nearly 500K users may have been exposed to external developers via a bug, which persisted more than two years.

Mon, 08 Oct 2018 19:24:07 GMT

Tencent to buy stake in Nubank

China's internet company Tencent Holdings reached an agreement to buy a minority stake in Brazilian fintech company Nu Pagamentos SA, without specifying the deal's amount.

Mon, 08 Oct 2018 18:32:52 GMT

Louis Dreyfus profit falls amid soy hedging adds challenges

Louis Dreyfus Company's net profit declined by nearly a third in the H1, as soybean hedging loss increased pressure from continuing weakness in the core agricultural markets.

Mon, 08 Oct 2018 18:27:52 GMT

Walmart cooperates with MGM to boost Vudu services

Walmart stated that it is set to partner with Metro Goldwyn Mayer, the US movie studio, to create content for video-on-demand service Vudu, which was bought in 2010.

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