News

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Fri, 21 Sep 2018 14:28:47 GMT

AIG plans to buy Glatfelter Insurance Group

On Friday, American International Group announced it would buy Glatfelter Insurance Group, the Pennsylvanian insurance broker, seeing to close the deal in this year's Q4.

Fri, 21 Sep 2018 13:22:59 GMT

US Justice Dept. likely to postpone stated AG meeting

The US Justice Department is likely to delay the meting with the state attorneys general scheduled for the next week to negotiate concerns over conservatives voices being restrained on social media.

Fri, 21 Sep 2018 13:14:04 GMT

Canada's retail sales rise 0.3% to $50.9B in July

Statistics Canada reported on Thursday that Canadian retail sales surged 0.3% to $50.9B in July amid increase in sales at beverage and food stores and gasoline stations.

Fri, 21 Sep 2018 12:38:19 GMT

Russia's RDIF seeks more investments in tie-up with Alibaba

The Russian Direct Investment Fund is planning to proceed with more investments with the Chinese e-commerce giant Alibaba after the joint venture they had established last week.

Fri, 21 Sep 2018 12:33:38 GMT

Farfetch raises its listing price range to $20 per share

On Friday, Farfetch has increased its price range in its New York initial public offering to $20 per share from the previously set $17-$19 per share, valuing the luxury retailer at more than $5.8B.

Fri, 21 Sep 2018 10:51:40 GMT

North Sea storm disrupts traffic at Amsterdam's Schiphol Airport

On Friday, a severe North Sea storm has caused cancellation of tens of flights at the EU third-largest airport Schiphol in Amsterdam.

Fri, 21 Sep 2018 10:50:46 GMT

Lone Star seeks to launch IPO of Germany's Xella

The buyout firm Lone Star is thinking over an initial public offering for Xella, its German building materials manufacturer, which it acquired in 2016 for $2.6B

Fri, 21 Sep 2018 09:56:36 GMT

US sanctions China for buying military tech

The administration of the President of the United States has sanctioned Chinese military due to buying missile systems and fighter jets from Russia.

Fri, 21 Sep 2018 09:56:03 GMT

Russia threatens US due to sanctions

On Friday, Russian authorities announced that the United States are playing with fire, as they set economic sanctions on the Russian Federation.

Fri, 21 Sep 2018 09:38:47 GMT

Amazon launches Echo devices for car and home

On Thursday, Amazon.com has launched new Echo devices, such as speakers and other gadgets, in its bid to compete with the rivals Apple and Google.

Fri, 21 Sep 2018 09:35:49 GMT

Peugeot calls on France to resume incentives for hybrids

PSA Group is urging France to resume the sales incentives on the company's rechargeable hybrid cars, as it launches plug-in versions of the larger models to adhere to the EU tough emissions rules.

Fri, 21 Sep 2018 08:35:24 GMT

De Loecker to become new CEO of Beiersdorf

Nivea lotion maker Beiersdorf has named its current Deputy CEO Stefan De Loecker as the company's CEO in December according to the German manager magazine.

Fri, 21 Sep 2018 08:30:55 GMT

Shares of Moss Bros drop to seven-year low

On Friday, shares of Moss Bros Group plunged 29% to their lowest level in seven years, after a warning report that its annual operating profit is unlikely to meet the expectations.

Fri, 21 Sep 2018 07:39:01 GMT

Etihad, Emirates deny report on possible merger deal

Etihad and Emirates airlines have denied a report made by Bloomberg that the companies could sign a potential merger deal with Emirates taking over Etihad.

Fri, 21 Sep 2018 07:36:45 GMT

Czech investor Kretinsky buys more shares in Germany's Metro

Daniel Kretinsky, the Czech investor, is acquiring up to 10% of extra stake in Germany's retailer Metro from Ceconomy, both companies announced on Thursday.

Fri, 21 Sep 2018 06:02:27 GMT

United Tech gets contract to supply US Air Force with jet parts

United Technologies has won the US defence contract worth about $2.46B to supply aircraft parts to the US Air Force, according to Pentagon's statement.

Fri, 21 Sep 2018 05:50:53 GMT

ESR Group makes A$693 takeover bid for Australia's Propertylink

On Friday, ESR Group's unit made a A$693.2, or A$1.15 per share, takeover bid for Propertylink Group, the Australian real estate investment trust, Propertylink announced on Friday.

Fri, 21 Sep 2018 05:33:26 GMT

Spain's Caixabank to sell its stake in Repsol

Spain's Caixabank announced on Thursday that it would sell a 9.4% stake in the country's oil giant Repsol and book a 450M loss in the Q3.

Fri, 21 Sep 2018 04:38:11 GMT

Medtronic to buy Mazor for $1.64B

Medtronic, the medical equipment firm, is set to acquire Israel's Mazor Robotics in the all-cash deal worth about $1.64B, both companies announced on Thursday.

Fri, 21 Sep 2018 03:39:52 GMT

Japan's inflation ticks up, but BoJ target still elusive

Japan's core consumer inflation ticked up slightly in August, though remained distant from the Bank of Japan's 2% target, suggesting that monetary policy would stay ultra-loose.

Fri, 21 Sep 2018 03:37:23 GMT

Japan's Abe, Trump to meet on September 26

Shinzo Abe, the Japanese Prime Minister, and the US President Donald Trump are expected to hold a summit meeting on September 26, Japan's top government spokesman stated.

Fri, 21 Sep 2018 02:33:35 GMT

Adobe to buy Marketo for $4.75B

Adobe Systems agreed to buy Marketo for $4.75B from private equity company Vista Equity Partners, adding weight to the cloud-based digital marketing business.

Fri, 21 Sep 2018 02:30:41 GMT

Uber considers buying Deliveroo

Ride-hailing firm Uber Technologies was in early negotiations to buy food delivery business Deliveroo, Bloomberg reported, citing sources familiar with the matter.

Thu, 20 Sep 2018 20:00:52 GMT

Vodafone to unveil 1,000 5G networks in UK by 2020

On Thursday, Vodafone said it would unveil about 1,000 5G enabled networks in the UK by 2020.

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