News

Note: This section contains information in English only.
Thu, 03 Jan 2019 18:44:31 GMT

Cambodian economy expands in 2018

The Cambodian economy is expected to expand 7.3% in 2018 and another 7% in 2019, the National Bank of Cambodia reports. 

Thu, 03 Jan 2019 18:38:35 GMT

WFP secures $7M for food aid in S. Sudan

China plans to contribute $7M to purchase rice and other commodities for people in South Sudan, the United Nations World Food Programme says.

Thu, 03 Jan 2019 18:37:42 GMT

Turkey, Iraq to expand anti-terrorism cooperation

Turkey and Iraq plan to deepen cooperation in the combat against terrorism, the Turkish President Recep Tayyip Erdogan says.

Thu, 03 Jan 2019 17:02:22 GMT

Shares of Apple Inc fall by 10% on Thursday

On Thursday, Apple Inc shares declined more than 10% after the company warned that it would badly miss its quarterly sales forecast because of weak China demand.

Thu, 03 Jan 2019 17:02:14 GMT

Shares of Delta Air Lines decline by 10%

On Thursday, Delta Air Lines Inc shares fell by 10% after the company warned that Q4 revenue would be lower than forecast.

Thu, 03 Jan 2019 16:19:31 GMT

Oil prices bounce back on Thursday

On Thursday, crude oil prices rebounded after an early decline, buoyed by the US Dollar weakness and signs that OPEC is delivering on cuts, that helped ease concerns.

Thu, 03 Jan 2019 16:13:08 GMT

Wall Street slides nearly 600 points on Thursday

On Thursday, US stocks dropped sharply, after Apple warned that it would miss its quarterly sales forecast, and the Dow Jones Industrial fell about 600 points.

Thu, 03 Jan 2019 15:01:56 GMT

UBS chairman dismisses rumours on possible mergers

The Chairman of the Swiss bank UBS, Axel Weber, dismissed speculations over its potential merger deal with Deutsche Bank or any other lender, the Tages-Anzeiger newspaper reported on Thursday.

Thu, 03 Jan 2019 14:51:02 GMT

KKR to buy 50% stake in Altavair AirFinance

On Thursday, the US private equity titan KKR & Co stated it would acquire a 50% stake in the US plane leasing firm Altavair AirFinance to create the leased aircraft commercial portfolio.

Thu, 03 Jan 2019 14:35:58 GMT

Coca-Cola gets EU clearance for Costa acquisition

The European Union has cleared the Costa Coffee sale to the US drinks giant Coca-Cola from Britain's hotel and restaurant owner Whitbread, the EU Commission announced on Thursday.

Thu, 03 Jan 2019 14:25:22 GMT

Bristol-Myers to acquire Celgene for $74B

On Thursday, Bristol-Myers Squibb announced it would expand its portfolio with the acquisition of Celgene Corp worth about $74B, marking one of the largest merger deals in the cancer drug sector.

Thu, 03 Jan 2019 13:35:37 GMT

Brazil's BRF completes sale of Argentinian unit to Marfrig

BRF the Brazilian food processor, finalised the sale of 92% of its Argentinian division Quickfood SA, worth $60M, to the meat distributor Marfrig Global Foods.

Thu, 03 Jan 2019 12:57:54 GMT

Arconic's shares up on potential buyout by Apollo Global

Arconic's shares surged as much as 9.7% after Bloomberg's report that the US aluminium products maker had entered talks with Apollo Global Management over a potential buyout worth around $22 per share.

Thu, 03 Jan 2019 12:37:41 GMT

Qatar Airways buys 5% in China Southern Airlines

Qatar Airways announced on Wednesday it had acquired a 5% of China Southern Airlines, seeking to receive the access to the Chinese fast-growing market.

Thu, 03 Jan 2019 11:39:21 GMT

New Barrick explores several options to halt Tanzanian tax row

The new Barrick Gold is exploring several options for its Acacia Mining stake, including a potential sale, as the company seeks terminating an almost two-year-long Tanzania tax dispute, which shuttered all the firm's operations in the country.

Thu, 03 Jan 2019 11:35:41 GMT

China Tobacco files for IPO in Hong Kong

The overseas unit of the Chinese cigarette monopoly, China Tobacco International, has filed for an initial public offering in Hong Kong, seeking to raise about $100M.

Thu, 03 Jan 2019 10:37:46 GMT

DNO lifts stake in Faroe Petroleum to 43%, extends bid deadline

DNO, the Norwegian oil company, has increased its stake in the British firm Faroe Petroleum to around 43%, falling short of 57.5% needed to grant it the unasailable majority shareholding.

Thu, 03 Jan 2019 10:34:47 GMT

Germany's Helaba, NordLB complete merger talks

Germany's public sector lenders Helaba and NordLB have finalised their talks over a potential merger, not reaching the agreement on a deal, Boersen-Zeitung reported this Thursday.

Thu, 03 Jan 2019 09:38:07 GMT

Jangho Group seeks buying Australia's Heal in $1.2B bid

China's construction firm Jangho Group made a $1.2B worth bid for the Australian medical centre owner Healius Ltd, marking the mainland's potentially biggest healthcare deal in Australia.

Thu, 03 Jan 2019 09:34:22 GMT

Nexon founder plans majority stake sale in NXC Corp

The South Korea Nexon's founder is planning a sale of his majority stake worth about $9.0B in the gaming firm's holding company NXC Corp, according to the Korea Economic Daily.

Thu, 03 Jan 2019 08:01:19 GMT

Sales of Johnson & Johnson's India drop 3% in 2017-2018

The US drugmaker Johnson & Johnson's sales in India plunged 3% in 2017-2018, ending March, as the company was battling with the stringent pricing policies on medical devices in the country.

Thu, 03 Jan 2019 07:50:20 GMT

China's Luckin aims to open 2,5K stores this year

China's coffee start-up Luckin is planning to open 2,500 of new stores in 2019, outracing Starbucks as the biggest coffee chain by outlets number in China, the company stated on Thursday.

Thu, 03 Jan 2019 07:39:47 GMT

Apple lowers sales estimates on weakened China sales

Apple decided to trim its quarterly sales forecasts due to the weakened sales of the iPhone models in China on the back of the US-Sino trade dispute.

Thu, 03 Jan 2019 07:37:17 GMT

Tesla trims US prices on all vehicles, shares plunge

On Wednesday, Tesla slashed US prices for all the carmaker's cars to offset lower its green tax credits, while falling short of its Model 3 sedan's quarterly deliveries, sending the company's shares down almost 7%.

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