News

Note: This section contains information in English only.
Wed, 14 Nov 2018 12:04:39 GMT

E.ON has no interest in SSE-Innogy JV's minority stake

E.ON said it would not have any strategic interest in the Innogy-SSE joint venture's minority stake, after it would be transferred to E.ON amid acquisition of Innogy's customer assets, as the UK retailer planned JV deal with SSE.

Wed, 14 Nov 2018 11:09:53 GMT

Germany welcomes Brexit progress

On Wednesday, the representatives of the German government announced that it welcomes the recent progress made in agreeing upon an orderly Brexit.

Wed, 14 Nov 2018 11:09:27 GMT

Theresa May tries to push forward Brexit deal

On Wednesday, the Prime Minister of the UK Theresa May attempted another try to convince her cabinet to accept a draft of the Brexit deal.

Wed, 14 Nov 2018 10:34:33 GMT

ADCB selects Barclays as adviser on merger plan

Abu Dhabi's Commercial Bank has hired Barclays as an adviser for its possible merger plan that involves Al Hilal Bank and Union National Bank.

Wed, 14 Nov 2018 10:31:35 GMT

Alstom to complete rail deal with Siemens next year

France's Alstom confirmed it would finalise its merger deal with Siemens' railway unit as soon as in the middle of the following year, despite an inquiry launched by the EU authorities over the company's bigger profit.

Wed, 14 Nov 2018 09:29:03 GMT

Maersk says container shipping hit by US-Sino trade war

A.P. Moller-Maersk, the Danish shipping group, reported a better-than-expected Q3 profit on Wednesday, but stated the demand for container shipping had been hit by the US-China trade war.

Wed, 14 Nov 2018 09:21:19 GMT

Grainger to acquire Grip REIT in £396M deal

Britain's Grainger stated on Wednesday it would buy the real estate investment trust Grip in a £396M deal, as the company sought expansion in private-rented sector.

Wed, 14 Nov 2018 07:54:39 GMT

Nike names ex-Coca-Cola exec Williams as new head of Jordan Brand

Nike hired Craig Williams, the former Coca-Cola executive, as a new president of the company's sports shoes arm Jordan Brand, who is set to take charge on January 14.

Wed, 14 Nov 2018 07:53:13 GMT

Britain's Flybe considers selling itself

On Wednesday, Flybe Group, the British regional airline, stated it had entered talks with the strategic operators over over a potential sale, as the carrier struggles with the higher fuel costs.

Wed, 14 Nov 2018 06:05:04 GMT

Covea's CEO Derez quits rival Scor's board

The Chef Executive Officer of France's Covea, Thierry Derez, resigned from the board of firm's rival Scor, after the company had rejected a takeover offer from the cooperative insurer.

Wed, 14 Nov 2018 06:03:14 GMT

Spotify officially enters North Africa and Middle East markets

On Tuesday, the most popular music streaming service in the world, Spotify, officially launched its services in North Africa and the Middle East, including Morocco, Egypt, the UAE and Saudi Arabia.

Wed, 14 Nov 2018 05:04:40 GMT

Northwestern ties up with REIT in two JVs

Northwestern Mutual and a real-estate investment trust Phillips Edison have teamed up in two ventures that involve 20 grocery-anchored shopping malls with a value of $415M in total.

Wed, 14 Nov 2018 05:03:10 GMT

SoftBank provides $3.0B in funding to WeWork

WeWork, the US provider of shared office space, has received an extra $3.0B in funding from the Japanese firm SoftBank Group, an investor presentation showed.

Wed, 14 Nov 2018 04:24:51 GMT

Demand for new London offices to grow even with Brexit weighs

Demand for office space in the City of London is expected to progress even with the imminent Brexit, an industry survey revealed, withmedia, technology and telecom firms taking up spaces.

Wed, 14 Nov 2018 04:19:37 GMT

Chinese property investment growth at ten-month low in October

Growth in the Chinese real estate investment slowed to the weakest level in ten years and home sales droped again, as developers postponed expansion plans, facing softening economic conditions.

Wed, 14 Nov 2018 02:59:24 GMT

Japan GDP contracts in Q3 amid natural disasters, trade war hurt

The Japanese economy contracted in the Q3, affected by natural disasters and a decrease in exports, suggesting that trade protectionism measures could start to take toll on demand from overseas.

Wed, 14 Nov 2018 02:55:37 GMT

China's industrial output beats forecasts in October

China reported that industrial production and investment rose faster than anticipated in October, suggesting that support measures started to take hold, while retail sales growth weakened more than expected.

Tue, 13 Nov 2018 20:42:48 GMT

EU opens mission in Mongolia

The European Union opened its diplomatic mission in Mongolia, the EU Commissioner for International Cooperation and Development Neven Mimica reports.

Tue, 13 Nov 2018 20:42:08 GMT

Cotton production in Tanzania rises by 67%

Cotton production in Tanzania rose by 67% this season compared to the previous season as an investment in the agricultural sector increased, a senior official says.

Tue, 13 Nov 2018 20:30:13 GMT

UnionPay to enter Ukrainian market

UnionPay International, a subsidiary of China UnionPay, plans to enter the Ukrainian market, the Ukrainian central bank says.

Tue, 13 Nov 2018 20:29:36 GMT

Germany to invest €3B in AI

The German government wants to invest €3B in artificial intelligence development, the German newspaper Handelsblatt reports.

Tue, 13 Nov 2018 19:18:09 GMT

OPEC ready to support oil market

The Organization of the Petroleum Exporting Countries is ready to support the oil market, the United Arab Emirates Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei says.

Tue, 13 Nov 2018 19:17:32 GMT

Singaporean PM asks ASEAN members to pursue economic integration

The Singaporean Prime Minister Lee Hsien Loong asked members of the Association of Southeast Asian Nations to continue to pursue economic integration.

Tue, 13 Nov 2018 17:27:16 GMT

Qorvo added to other Apple suppliers in cutting forecast

Apple supplier Qorvo cut its forecast for profit, revenue in the Q3, joining suppliers to Apple, which were warned of earnings hit amid lower demand from the main customer.

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