News

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Fri, 14 Dec 2018 18:52:49 GMT

Brazil's Azul explores proposal to acquire Avianca Brasil

Brazil's carrier Azul is thinking over making a proposal to acquire the rival airline Avianca Brasil, according to the Valor Econômico newspaper's report published on Friday.

Fri, 14 Dec 2018 18:52:37 GMT

Imperial Metals picks BMO to accelerate reorganisation

Canada's copper maker Imperial Metals has selected Bank of Montreal as an adviser to accelerate its reorganisation process, which could also include the company's sale for up to $1.0B.

Fri, 14 Dec 2018 17:50:39 GMT

Lufthansa in preliminary talks with SATS, Do&Co on LSG deal

Lufthansa, the German flagship carrier, as entered the preliminary talks with Singapore's SATS and Austria's Do&Co over a potential merger of the airline's catering division LSG Group.

Fri, 14 Dec 2018 17:50:27 GMT

Apple to launch software update for iPhones in China amid ban

Apple is planning to launch a software update for its iPhones in China, as the case over the chipmaker Qualcomm's patents threatens with sales ban, the tech giant stated on Friday.

Fri, 14 Dec 2018 17:33:57 GMT

LINET Group likely to sell stake in 2019 first half

The EU nursing and hospital bed manufacturer LINET Group has entered negotiations with potential bidders about a potential stake sale that could take place in the next year's first half.

Fri, 14 Dec 2018 17:15:56 GMT

Spain's Bankia nears deal to sell $3.4B bad loans

The Spanish lender Bankia is getting closer to a sale of bad credits and repossessed property worth $3.4B to the US fund Lone Star, sources reported on Friday.

Fri, 14 Dec 2018 16:28:37 GMT

Norway delays decision on Arctic oil processing terminal

Norway's government has delayed its decision on the construction of the Arctic oil processing terminal until the next year's third quarter, it announced on Friday.

Fri, 14 Dec 2018 15:59:40 GMT

China to suspend extra tariffs on US cars amid trade truce

China is set to halt the additional tariffs set on the US-made cars for three months from the next year's January 1, as the trade dispute between China and the United Stated de-escalated.

Fri, 14 Dec 2018 15:25:19 GMT

Vingroup focuses on global markets by launching first smartphones

Vietnam's Vingroup is targeting the global tech markets by launching its first smartphones on Friday, planning to distribute them around the world.

Fri, 14 Dec 2018 15:18:46 GMT

GM launching US job cut notices amid plant shutdowns

On Friday, General Motors stated it started to send out formal notices to the US government agencies about the carmaker's plan to shut down car plants and trim thousands of job positions.

Fri, 14 Dec 2018 14:39:42 GMT

India rejects investigation petition of Dessault jet deal

On Friday, the Indian top court has rejected a petition seeking for an inquiry into the fighter jet deal valued at $8.7B with Dassault Aviation.

Fri, 14 Dec 2018 14:37:45 GMT

US core retails sales rise in November

The US consumer spending surged 0.9% in November from the upwardly revised 0.7% rise in October and driven by a higher demand for electronics, furniture and other goods.

Fri, 14 Dec 2018 13:38:11 GMT

Merck to acquire Antelliq Group in $2.37B deal

On Friday, Merck and Co announced it would acquire the privately-owned French firm Antelliq Group, the maker of digital identification products, in a cash-deal worth $2.37B.

Fri, 14 Dec 2018 13:30:59 GMT

Balfour Beatty sees annual profit above expectations

On Friday, the UK construction firm Balfour Beatty Plc stated it was forecasting the full-year report to be above its expectations, driven by the proceeds from its infrastructure investment sale that took place that month.

Fri, 14 Dec 2018 12:38:06 GMT

Albemarle, Mineral Resources sign $1.15B lithium deal

On Friday, Australia's Mineral Resources has clinched a deal on a stake sale in the Wodgina Lithium Project and a lithium JV establishment with the US firm Albemarle worth $1.15B.

Fri, 14 Dec 2018 12:34:33 GMT

Germany's Helaba to buy Dexia's unit in $398M deal

Helaba, the German public sector bank, is set to acquire Germany's unit of the Franco-Belgian lender Dexia in a deal valued at $398M.

Fri, 14 Dec 2018 10:54:54 GMT

Scale of theft at Shell refinery is revealed

On Friday, it was revealed in court documents that nearly during the last several years nearly $150 million worth of crude oil was stolen from Shell's Singapore refinery.

Fri, 14 Dec 2018 10:54:19 GMT

China will suspend tariffs on January 1

It was announce by Chinese officials on Friday that China will suspend its additional tariffs on US made cars starting from January 1.

Fri, 14 Dec 2018 10:31:00 GMT

Motherson Sumi enters early-stage talks over merger with Leoni

Motherson Sumi Systems, India's vehicle wiring maker, has entered the early talks with the German peer Leoni over a potential merger deal, two sources familiar with the matter reported.

Fri, 14 Dec 2018 10:28:29 GMT

Diesel founder Rosso raises interest in Roberto Cavalli

Diesel fashion laber's founder, Renzo Rosso, has raised interest into acquiring the Italian fashion house Roberto Cavalli via his OTB holding group, according to Il Sole 24 Ore's report published on Friday.

Fri, 14 Dec 2018 09:13:39 GMT

Shareholders show scepticism over Deutsche Bank-Commerzbank merger

On Thursday, shareholders expressed their scepticism over speculation on a potential merger deal between Deutsche Bank and Commerzbank, saying the tie-up is unlikely to be seriously considered in the near future.

Fri, 14 Dec 2018 09:08:59 GMT

Axel Springer considers incremental takeovers in 2019

Axel Springer is considering to boost its existing businesses with the incremental takeovers next year, the German publisher's CEO Mathias Doepfner stated on Friday, adding there will be no any major deals for now that require outside financing.

Fri, 14 Dec 2018 08:16:03 GMT

Fortis Healthcare shares drop on ceased sale news

Shares in the Indian firm Fortis Healthcare plunged as much as 14.3% to their lowest since October 30, after India's top court had put its sale to the Malaysian company IHH Healthcare on hold.

Fri, 14 Dec 2018 08:07:37 GMT

L Brands plans sale of lingerie brand La Senza

Victoria's Secret owner L Brands announced about La Senza sale, its luxury lingerie brand, to the private equity fund Regent's affiliate., ending month-long attempts to sell off the loss-making business unit.

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