News

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Tue, 26 Feb 2019 15:22:28 GMT

Embraer-Boeing deal gets approval

Brazil's planemaker Embraer has received approval from its shareholders for an 80% sale of its commercial jet unit to Boeing, in a deal that could reorganise the global market for the 150-seat aircraft.

Tue, 26 Feb 2019 14:12:48 GMT

TMB, Thanachart banks tie up in $4.0B merger

On Tuesday, Thailand's TMB Bank and Thanachart Bank have signed a merger deal valued at up to $4.47B with TMB financing it via equity and debt, creating the sixth biggest bank in the Asian country.

Tue, 26 Feb 2019 14:04:58 GMT

Nutrien enters talks with Ruralco over deal

Canada's fertilizer maker Nutrien has entered talks with Australia's rural services Ruralco, which has a market value of $230M, over a potential takeover, according to a media report published on Tuesday.

Tue, 26 Feb 2019 13:39:53 GMT

British regulator puts Provident takeover on hold

The British competition regulator has put the Provident Financial potential takeover by its rival Non-Standard Finance on hold to protect customers and staff.

Tue, 26 Feb 2019 13:36:06 GMT

Insight VC to acquire Genesis Partners IV

The New York-based private equity and venture capital firm, Insight Venture Partners, announced on Tuesday it would acquire the majority stake of Israel's Genesis Partners IV, not disclosing the financial details of the deal.

Tue, 26 Feb 2019 12:10:58 GMT

Thomson Reuters announces earnings

Thomson Reuters reported on Tuesday a nine percent increase in quarterly revenues. Meanwhile, earnings per share were 20 cents, compared to 22 cents last year.

Tue, 26 Feb 2019 12:10:25 GMT

M&S and Ocado discuss joint venture

On Tuesday, it was announced by Marks & Spencer and Ocado that the two retailers are considering a new joint venture that would offer food delivery in the UK. The announcement caused a surge of the share prices of both companies.

Tue, 26 Feb 2019 11:22:55 GMT

British finance sector prepared for any Brexit

On Tuesday, the UK junior minister stated that the country's financial sector was ready for any type of Brexit, including the no-Brexit deal, and would keep functioning properly after Britain's leave from the EU bloc.

Tue, 26 Feb 2019 10:59:32 GMT

Hyundai Mobis drops Elliott's $2.2B dividends offer

Hyundai Mobis has rejected on Tuesday a proposal made by the US hedge fund Elliot Management for the $2.24B dividends due to competitiveness concerns.

Tue, 26 Feb 2019 10:36:28 GMT

AAC Tech stock drop on profit warning

Shares in Apple's supplier AAC Technologies plunged 13% on Tuesday, following the acoustic component developer's warning about the expected fail in its Q1 net profit as much as 75% amid reduced orders.

Tue, 26 Feb 2019 09:37:40 GMT

Credit Suisse appoints new Chief Risk Officer

Credit Suisse has appointed Lara Warner as its new Chief Risk Officer on Tuesday on the back of the Swiss bank's board reshuffle, to replace Jo Oechslin.

Tue, 26 Feb 2019 09:33:43 GMT

Walmart acquires Israel's firm Aspectiva

On Tuesday, Walmart announced it had acquired the Israeli product review insight firm Aspectiva, not disclosing the financial terms of the deal, adding the start-up would join the retail giant's Store No 8.

Tue, 26 Feb 2019 08:29:00 GMT

Boeing plans T-X training jet global sales

Boeing is planning global sales of its T-X training jet, after winning the US Air Force contract worth $9.2B in September, launching talks with its potential customers, including the Australian Air Force.

Tue, 26 Feb 2019 08:12:18 GMT

PSA raises profit target on record 2018

On Tuesday, the French automaker PSA Group lifted its medium-term profit goal, following a report of its record annual earnings and sales, driven by the Peugeout 5008 and 3008 SUV models' success.

Tue, 26 Feb 2019 07:20:08 GMT

Walmart Mexico workers to strike over wages

Walmart Mexico's labour union announced it would launch a strike in March, in case it did not manage to secure higher pay and better conditions for thousands of the company's employees.

Tue, 26 Feb 2019 07:14:51 GMT

Nestle picks Rothschild to sell Herta

Nestle, the packaged food giant, hired Rothschild to help it with a sale of the company's Herta packaged meat unit, seeing to focus on the faster-growing businesses.

Tue, 26 Feb 2019 06:10:06 GMT

Two Deputy CEOs to leave Russia's Gazprom

Russia's Gazprom announced on Monday its deputy CEO Alexander Medvedev was set to leave the company after 16 years in the role, adding that another deputy chief Valery Golubev would also leave his post.

Tue, 26 Feb 2019 06:02:59 GMT

Amazon names ex-PepsiCo CEO to board

On Monday, Amazon.com named the former Chief Executive Officer of PepsiCo, Indra Nooyi, to its board of directors, appointing the second woman to the e-commerce titan's BoD this month.

Tue, 26 Feb 2019 05:38:48 GMT

Amazon to add over 1K apprenticeships in UK

The online retailer Amazon is planning to offer more than 1K apprenticeships in Britain over the next couple of years, the group announced on Tuesday, stressing that the country's withdrawal from the EU bloc will not deter the company from investing.

Tue, 26 Feb 2019 05:32:51 GMT

Persimmon set to appoint new CEO

Persimmon is set to name the former finance head of housebuilding company, Dave Jenkinson, as its new Chief Executive Officer on permanent basis, according to a Sky News report.

Tue, 26 Feb 2019 04:11:42 GMT

AAC Tech's shares slump on profit warning

Shares of Apple's supplier AAC Technologies dropped 13% after the acoustic component producer stated that it expected Q1 net profit to decline as much as 75% amid reduced orders.

Tue, 26 Feb 2019 04:08:23 GMT

Indian growth pace likely weakened in late 2018

India's economy likely expanded at the slowest pace in more than a year in the December quarter, as slower rural incomes and weaker urban demand weighed on consumption.

Tue, 26 Feb 2019 03:31:52 GMT

Amazon to suggest more than 1K apprenticeships in UK

Online retailer Amazon is likely to create more than 1K apprenticeship roles in the UK in the following two years, indicating that the country's departure from the EU is not deterring the company from investing.

Tue, 26 Feb 2019 03:28:49 GMT

US housing outlook to stuck in lull, while economy dulls

The US house prices were expected to increase at the weakest pace in nearly five years, as lack of single-family homes and higher mortgage rates constrain activity.

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