News

Note: This section contains information in English only.
Sun, 06 Jan 2019 06:32:26 GMT

Celltrion will set up JV in China

The South Korean Celltrion drug maker announced that the company intends to create a joint venture with a company in China during the first half of this year.

Sun, 06 Jan 2019 04:42:45 GMT

Japanese prosecutors want Ghosn to confess

On Sunday, the son of the detained chairman of Nissan announced that the Japanese prosecutors want the chairman to confess to his financial misconduct.

Sun, 06 Jan 2019 04:42:04 GMT

PG&E considers filing for bankruptcy

It was announced late on Friday that the Californian utility company PG&E is evaluating the options to ask for bankruptcy protection for some of its businesses.

Sun, 06 Jan 2019 03:50:21 GMT

Taiwan calls for support against China

The President of Taiwan Tsai Ing-Wen on Saturday called upon international support in the country's fence against threats from China.

Sun, 06 Jan 2019 03:49:48 GMT

Sunday Telegraph reveals information on Brexit

On Sunday, the Sunday Telegraph in the UK revealed that There May's aides are believed to be in the process of making concessions to British lawmakers in an effort to push through the Theresa May's Brexit deal.

Sun, 06 Jan 2019 03:28:37 GMT

Germany expects a decrease in tax revenues

The Finance Minister of Germany Olaf Scholz has revealed in an interview published in the Saturday edition of Bild that the German officials are expecting a decline in tax revenues in Germany in the upcoming years.

Sun, 06 Jan 2019 03:28:09 GMT

Shinzo Abe comments on global economy

On Sunday, the Prime Minister of Japan Shinzo Abe revealed that his government is closely watching all the current risks to the global economic growth.

Sat, 05 Jan 2019 21:20:14 GMT

Pence holds meeting with Democratic aids over shutdown deadlock

On Saturday, the US Vice President Mike Pence held a meeting with the Democratic congressional aides over the deadlock regarding the proposed border wall, seeking to terminate the partial government shutdown.

Sat, 05 Jan 2019 21:13:38 GMT

Germany's Baden-Wuerttemberg seeks damages from VW

Germany's state of Baden-Wuerttemberg is suing Volkswagen for damages after the local authorities acquired the carmaker's vehicles that now are facing bans in such German cities as Frankfurter Allgemeine Zeitung and Stuttgart.

Sat, 05 Jan 2019 20:24:25 GMT

California's PG&E considers filing for bankruptcy protection

The Californian utility firm PG&E Corp is considering to file for a bankruptcy protection for some or all of the company's business, as it faces liabilities worth billions of dollars concerning the 2017 and 2018 fatal wildfires.

Sat, 05 Jan 2019 20:19:51 GMT

Supreme Court to hear Broadcom's appeal to halt shareholder suit

The US Supreme Court is set to weigh Broadcom unit's bid to end the shareholder lawsuit regarding its 2015 takeover of the chip and router maker Emulex Corp.

Sat, 05 Jan 2019 19:37:26 GMT

Jet Airways close to reach loan agreement with SBI

The Indian debt-laden carrier Jet Airways is nearing an agreement with the State Bank of India for a $215M fresh loan to meet all its labour capital needs.

Sat, 05 Jan 2019 19:34:01 GMT

Oslo Bord seeks alternative bids to beat offer from Euronext

Oslo Bord, Norway's stock exchange operator, is calling for more potential buyers to bid for the company, as it seeks to find alternatives to the $713M worth offer made by Euronext.

Sat, 05 Jan 2019 18:37:08 GMT

Ottobock has no plans to launch IPO before 2020

According to Germany's Handelsblatt newspaper, the potential initial public offering of the artificial limb producer Ottobock will not take place earlier than 2020, the company's CEO Philipp Schulte-Noelle confirmed on Friday.

Sat, 05 Jan 2019 18:32:48 GMT

Rothesay Life seeks bid for Swiss Re's British arm

Rothesay Life is preparing a £3.5B worth bid for the reinsurance firm Swiss Re's British unit, putting its plans to launch a 2019 IPO for the UK arm into the question.

Sat, 05 Jan 2019 17:31:44 GMT

Apollo Global explores acquisition of GE's aircraft leasing division

Apollo Global Management, the private equity firm, is considering an offer to buy General Electric's aircraft leasing unit worth $40B, sources with a knowledge of a potential deal reported.

Sat, 05 Jan 2019 17:28:23 GMT

Canada's M&A expected to strenghten in 2019

Canada's merger-and-acquisition activity is seen to rise in 2019 after hitting the 12-year high in the previous year, as a slide in prices for oil could boost consolidation among energy firms, while cannabis deals could gain momentum.

Sat, 05 Jan 2019 15:50:31 GMT

Eurogroup to decide on successor to ECB Praet

Euro zone's finance ministers are likely to choose the successor to ECB Chief Economist Peter Praet at the meeting on February 11, the spokesman stated.

Sat, 05 Jan 2019 15:48:43 GMT

Bristol-Myers, Celgene set $2.2B termination fee for big deal

Bristol-Myers and Celgene are expected to pay $2.2B, if either of the companies walks away from their $74B merger, according to a regulatory filing.

Sat, 05 Jan 2019 15:37:28 GMT

Forex, gold reserves of Belarus total $7.16B

Gold and foreign currency reserves of Belarus amounted to $7.16B as of January 1, falling over the past year 2.2%, the country's Central Bank stated.

Sat, 05 Jan 2019 15:34:22 GMT

Hungary to raise pensions 2.7% this year

Hungary is set to increase pensions 2.7%, with higher sums starting to arrive on pensioners' bank accounts on January 11, the parliamentary state secretary stated.

Sat, 05 Jan 2019 14:13:21 GMT

British shops' sales fall for sixth year in succession

The UK shops suffered a decline in sales for the sixth straight year in December, a survey revealed, affected by the shift to online-buying and brittle consumer confidence.

Sat, 05 Jan 2019 14:05:58 GMT

China's CSRC imposes record fines last year

China's securities watchdog, the CSRC, imposed a record amount of fines totalling $1.55B in 2018 to prevent financial risks and punish market irregularities.

Sat, 05 Jan 2019 13:06:04 GMT

Chinese population to peak at 1.44B in 2029

China's population is expected to reach its peak of 1.44B in ten years and start a prolonged period of decline in 2030, the report showed.

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