News

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Thu, 20 Sep 2018 07:00:28 GMT

IPO of Lilly's Elanco priced at $24 per shares

On Wednesday, Lilly's Elanco animal health unit's initial public offering was priced over the anticipated range at $24 a share, bringing the company's total value to $8.55B.

Thu, 20 Sep 2018 06:40:21 GMT

Miner Rio Tinto to return shareholders $3.2B of shares

Rio Tinto, the global miner, has announced on Thursday a $3.2B share buyback programme, after the recent sale of its Australia's assets.

Thu, 20 Sep 2018 06:38:06 GMT

Aston Martin plans £5.0B worth IPO in October

On Thursday, Britain's luxury carmaker Aston Martin stated it expected the valuation of about £5.07B in its October initial public offering, after setting its price range of £17.50-£22.50 per share.

Thu, 20 Sep 2018 05:29:53 GMT

Meituan jumps 5% on debut in positive sign for HK IPOs

Meituan Dianping jumped on debut in Hong Kong, valuing China's online food delivery-to-ticketing services company at about $55B, with a positive sign to firms lining up to list in the financial hub.

Thu, 20 Sep 2018 05:26:46 GMT

Britain's regulator fines Equifax for 2017 security breach

The UK regulator on Thursday fined Britain's arm of credit reference firm Equifax £500K pounds for failing to protect personal data of up to 15M people in Britain during a cyber attack in 2017.

Thu, 20 Sep 2018 04:03:11 GMT

Delta joins JetBlue, United in rising US baggage fees

Delta Airlines, the second-biggest US airline, joined other major companies, including JetBlue and United, in rising the US flight baggage fees to $30.

Thu, 20 Sep 2018 03:57:32 GMT

Amazon thinks to open up to 3K cashierless shops by 2021

Amazon.com was considering the company's plan to open 3K of Amazon Go cashierless stores in the following years, Bloomberg reported, citing sources familiar with the matter.

Thu, 20 Sep 2018 02:35:08 GMT

Merkel calls for respectful Brexit

Angela Merkel, the German Chancellor, called for respect and friendliness in the negotiations between the UK and the EU, seeking closer ties after Brexit.

Thu, 20 Sep 2018 02:32:31 GMT

Canada urges more flexibility by US in NAFTA

Justin Trudeau, the Canadian Prime Minister, stated that he wanted to see some flexibility from the US, if the two sides are set to reach an agreement on renewing NAFTA.

Wed, 19 Sep 2018 19:58:54 GMT

China and Japan representatives meet to discuss political relations

The vice chairman of the Standing Committee of the National People's Congress of China, Ji Bingxuan, meets with Kaieda Banri, a member of Japan's House of Representatives in Beijing to discuss political relations between two countries.

Wed, 19 Sep 2018 19:57:29 GMT

German economic momentum to weaken

The German economic momentum is likely to weaken significantly in 2018 as a consequence of a global trade war initiated by the US, a study by the German Economic Institute shows.

Wed, 19 Sep 2018 19:12:15 GMT

Cyprus and Egypt plan to build gas pipe

Cyprus and Egypt signed an agreement to construct an underwater pipeline to deliver natural gas to Egypt, a statement released by the Noble Energy consortium shows.

Wed, 19 Sep 2018 19:09:33 GMT

Yemen's central bank increases interest rates

Yemen's central bank increased interest rates on deposits to 27% to combat riyal depreciation, the state-run Saba news agency reports.

Wed, 19 Sep 2018 17:48:22 GMT

Nepal Bank CEO: huge opportunities for banks in Nepal and China

Nepali banks have a lot opportunities to facilitate trade and investment between Nepal and China as economic growth improves, a top official of Nepal Bank says.

Wed, 19 Sep 2018 17:47:01 GMT

Ukraine: friendship treaty with Russia terminates

The Treaty on Friendship, Cooperation and Partnership between Ukraine and Russia terminates on Wednesday, the Ukrainian President Petro Poroshenko says.

Wed, 19 Sep 2018 17:30:09 GMT

Greece discusses refugees ahead of informal EU Summit

The Greek government discussed the migration policy with the visiting European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos ahead of an informal EU Summit in Salzburg, Austria.

Wed, 19 Sep 2018 17:29:06 GMT

G7 ministers gather in Canada to discuss climate

Environmental and energy ministers gathered in Canada for a three-day meeting focused on climate change, clean energy and ocean conservation.

Wed, 19 Sep 2018 16:20:42 GMT

CVC picks banks to lead IPO of Domestic & General

The private equity group CVC has selected Bank of America Merrill Lynch, Credit Suisse to lead its IPO of the London-based warranty provider Domestic & General.

Wed, 19 Sep 2018 16:14:03 GMT

Amazon, India's Samara acquire retail chain More for $580M

Amazon.com and India's private equity group Samara Capital have acquired Aditya Birla Group's retail chain More in a deal valuing the company at $580.35M.

Wed, 19 Sep 2018 15:32:37 GMT

China adds $60B of US goods to its import tariff in retaliation move

China has penalised $60B of the United States imports in a tit-for-tat move, after the President Donald Trump claimed he would impose such tariffs on $200B of China's goods.

Wed, 19 Sep 2018 15:24:00 GMT

HNA Tech scraps plan to acquire China's Dangdang

On Wednesday, HNA Technology stated it had dropped its plan to buy China's e-commerce group Dangdang as deal parties failed to reach the agreement.

Wed, 19 Sep 2018 13:58:37 GMT

Belgium's union rejects Ryanair's proposal before strike

On Wednesday, Ryanair's Belgian cabin crew union stated it had rejected an offer proposed by the Irish airline right ahead of the planned strike on September 28.

Wed, 19 Sep 2018 13:53:44 GMT

Toshiba brushes off concerns on memory chips prices

Toshiba Memory's Chief Executive has shrugged off the price concerns about the plunging memory chips prices on Wednesday and reiterated that the firm was planning an IPO in a couple of years.

Wed, 19 Sep 2018 13:34:33 GMT

Mars aims to fight "broken" cocoa supply chain

Mars Wrigley Confectionery is aiming to tackle the so-called "broken" cocoa supply chain, which includes child labour, poverty and deforestation, by launching a new sustainability scheme on Wednesday.

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