News

Note: This section contains information in English only.
Thu, 15 Nov 2018 16:37:39 GMT

British Environment Secretary wants to renegotiate Brexit

Michael Gove, the UK Environment Secretary, is set to only accept the position of Brexit Minister, if is possible to renegotiate PM Theresa May's draft deal and scrap the EU summit on November 25th.

Thu, 15 Nov 2018 16:35:02 GMT

US retail sales jump on building materials, autos

The US retail sales grew strongly in October, as building materials and motor vehicles purchases surged, driven by recovery efforts in Hurricane Florence devestated areas.

Thu, 15 Nov 2018 16:09:45 GMT

UK's Brexit Secretary Raab resigns on Thursday

The UK Brexit Secretary Dominic Raab has resigned from his position on Thursday, in protest over the draft Brexit deal.

Thu, 15 Nov 2018 16:07:21 GMT

US stocks decline on Thursday

Wall Street edged lower on Thursday, as the Brexit related concerns and a bunch of weak earnings sparked the sixth consecutive days of selling.

Thu, 15 Nov 2018 15:27:46 GMT

Dell sweetens VMware bid to $120 per shares

Dell Technologies has raised its bid to buy back the shares tied to the firm's interest in the Vmware software maker to $120 for a share, but not exceeding the price of $300 suggested by Carl Icahn.

Thu, 15 Nov 2018 14:52:35 GMT

Ashland Global plans composites business sale for $1.1B

On Thursday, the chemicals producer Ineos Enterprises stated it would acquire the composites unit of Ashland Global Holdings in a deal valued at $1.1B.

Thu, 15 Nov 2018 14:38:40 GMT

Airspace Tech attracts $20M in new funding round

Airspace Technologies raised $20M in its latest funding round, boosting the already record fundraising year for firms in the logistics and shipping sectors.

Thu, 15 Nov 2018 14:18:38 GMT

Detroit's Greektown Casino-Hotel to be sold for $1.0B

An investment unit of the Quicken Loans' billionaire Dan Gilbert stated it would sell its Greektown Casino-Hotel, located in Detroit, for $1.0B in sign of the gaming industry consolidation.

Thu, 15 Nov 2018 13:36:28 GMT

Tata Sons Chairman to unveil plan on buying Jet

The Chairman of Tata Sons, N. Chandrasekaran, is seen to reveal a business viability plan to the company's board this Friday on the proposed takeover of the cash-strapped Jet Airways.

Thu, 15 Nov 2018 11:56:06 GMT

Supermarket group Ahold plans acquisitions in US

The Dutch-Belgian supermarket retailer Ahold Delhaize, which owns Giant Food and Stop & Shop stores, is planning further acquisitions in the United States, the group's CEO stated on Thursday.

Thu, 15 Nov 2018 11:52:00 GMT

Wesfarmers shareholders grant approval for Coles spin-off

On Thursday, shareholders of the Australian conglomerate Wesfarmers have granted their approval for the supermarket division Coles' demerger, which shares are expected to begin trading on November 21.

Thu, 15 Nov 2018 11:05:44 GMT

EU comments on Brexit deal

Representatives of the European Union announced, as the UK's government crumbled, that the current Brexit deal cannot be improved due to the demands set up by both parties.

Thu, 15 Nov 2018 11:05:17 GMT

UK ministers resign due to Brexit

On Thursday, the United Kingdom's government was in turmoil, as various ministers quit over Brexit. The event caused a more than 250 base point drop in GBP/USD.

Thu, 15 Nov 2018 10:34:59 GMT

Nordzucker explores Mackay Sugar takeover

Nordzucker, the German second biggest sugar refiner, has entered talks to acquire the Australian firm Mackay Sugar, the company's spokeswoman stated on Thursday.

Thu, 15 Nov 2018 10:31:44 GMT

Beyoncé acquires clothing brand from Britain's Philip Green

The US poplar singer Beyoncé has acquired the fitness clothing brand, Ivy Park, launched a few years ago with the UK retail tycoon Philip Green, after he had been accused of sexual harassment.

Thu, 15 Nov 2018 09:36:29 GMT

Vale-BHP Brazil JV Samarco picks new CFO

Brazil joint venture Samarco Mineracao, established by Vale SA and BHP Billiton, appointed Cristina Cavalcanti, the former Usiminas mining executive, as the JV's new Chief Financial Officer.

Thu, 15 Nov 2018 09:31:17 GMT

JBS posts robust Q3 results, sends shares up

The world's largest meat exporter JBS reported higher-than-expected Q3 results of its US and Brazilian beef operations, sending the company's shares up almost 7% on Thursday.

Thu, 15 Nov 2018 07:52:37 GMT

Levi Strauss eyes going public in 2019 Q1

Levi Strauss & Co, the 145-year-old jeans maker, is exploring a potential initial public offering in the Q1 of the next year, planning to raise up to $800M, according to a CNBC report published on Wednesday.

Thu, 15 Nov 2018 07:52:25 GMT

China's JD Group puts HK insurance unit up for sale

JD Group, the Chinese financial firm, is planning a sale of FTLife Insurance, its insurance business unit in Hong Kong, seeking to raise up to $2.5B in a potential deal.

Thu, 15 Nov 2018 07:35:19 GMT

Saudi Arabia's PIF considers buying stake in movie studio Legendary

PIF, the Saudi Arabian sovereign wealth fund, is thinking over a purchase of a $700M worth stake in the US movie studio Legendary Entertainment, the producer of "Interstellar" and "Jurassic World" films, according to sources.

Thu, 15 Nov 2018 07:31:04 GMT

South Korea's CJ acquires Schwan's Co for $1.84B

On Thursday, the South Korean food giant CJ CheilJedang stated it had acquired the privately-owned US frozen food company Schwan's Co in a deal worth $1.84B, the biggest-ever takeover by the food-to-entertainment conglomerate.

Thu, 15 Nov 2018 05:49:55 GMT

Instacart raises $271M in new fund rising in November

Grocery delivery startup firm Instacart raised $271M this month from investors, including Tiger Global Management, bringing the latest round of funding to $871M, sources familiar with the matter stated.

Thu, 15 Nov 2018 05:42:57 GMT

Bain Capital Ventures closes $1B fund

Bain Capital Ventures, the venture capital arm of the investment firm based in Boston, stated that it raised a new $1B fund to invest in startup companies, adding to a year of fund-raising by tech investors.

Thu, 15 Nov 2018 05:32:18 GMT

Walmart's delivery app Cornershop eyes US, Canada

Cornershop, a LatAm grocery delivery application acquired by Walmart, is set to expand into Canada in 2019 as a test market for the US, an executive stated.

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