News

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Thu, 13 Sep 2018 09:38:43 GMT

Daimler acquires 20% stake in VW's Heycar used-vehicle service

Germany's Daimler has acquired a 20% stake in Volkswagen's used-vehicle platform Heycar, its rival carmaker announced on Thursday.

Thu, 13 Sep 2018 09:36:39 GMT

L&G signs $5.7B worth pension deal with British Airways

UK's Legal & General has closed a deal on Thursday to insure $5.73B of the historic pension liabilities of British Airways.

Thu, 13 Sep 2018 08:22:54 GMT

Canada's miner New Gold looks at selling itself

Canada's New Gold is considering a sale as the miner is facing operating challenges and rising development costs at its newly-built mine, sources familiar with the matter reported.

Thu, 13 Sep 2018 07:54:10 GMT

Natixis to sell finance businesses to parent bank

On Wednesday, France's Natixis stated it would sell a couple of specialised finance business lines to BPCE, the French cooperative lender and its owner, in a deal worth $3.1B.

Thu, 13 Sep 2018 06:58:03 GMT

Sky shareholders to decide on Comcast bid until October 6

Comcast Corp stated on Wednesday that the Sky shareholders would consider the bid from the US cable giant worth £14.75 per share until October 6.

Thu, 13 Sep 2018 06:53:14 GMT

HG Vora raises stake in Caesars, seeks sale or divestiture

HG Vora Capital Management has built a 4.9% stake in Caesars Entertainment, as the hedge fund seeks to push the US casino operator for divestitures or a sale of the company.

Thu, 13 Sep 2018 06:35:03 GMT

China's Meituan attracts $4.2B in IPO priced nearly at top of range

Meituan Dianping, China's online food delivery company, has raised $4.2B in the world's largest internet-focused initial public offering in four years, pricing the float nearly at the top of indicative range.

Thu, 13 Sep 2018 06:28:25 GMT

Nordea, DNB agree to sell Luminor's stake to Blackstone

DNB and Nordea announced on Thursday they had agreed on a sale of 60% stake in the Baltic bank Luminor to Blackstone's private equity consortium in a deal valued at $1.16B.

Thu, 13 Sep 2018 04:55:52 GMT

Mexico CB Governor sees inflation at 3% in H1 of 2020

Alejandro Diaz de Leon, the Governor of the Mexico Central Bank, stated that he anticipates inflation to be close to the bank's target of 3% in the 2020 first half.

Thu, 13 Sep 2018 04:55:39 GMT

Adobe considers buying Marketo

Adobe Systems, the image-editing software maker, was in talks to buy Marketo, a cloud-based marketing software firm, according to sources familiar with the matter.

Thu, 13 Sep 2018 04:01:07 GMT

UK government, Barclays launch £1B house-building fund

The British government and Barclays launched a fund to secure up to £1B in finance to small house-builders, aiming to tackle England's housing shortage.

Thu, 13 Sep 2018 03:54:23 GMT

Japanese manufacturers' mood slides due to trade tensions

Confidence among Japan's manufacturers slipped in the month of September from seven-month high seen in August, a Reuters poll revealed, a sign that the trade war between Beijing and Washington kept exporters on edge.

Thu, 13 Sep 2018 03:04:25 GMT

British house prices steady in August

The RICS stated that house prices in London dropped last month at the fastest pace five months, though with relatively strong rise away from the South of England, indicating a broadly flat prospect overall.

Thu, 13 Sep 2018 02:55:16 GMT

Japan booming machinery orders indicate accelerating growth, capex

Japanese core machinery orders firmly exceeded forecasts in July, bouncing back from the prior month's drop and firming up the view that capex would continue to expand and boost economic growth.

Thu, 13 Sep 2018 02:36:34 GMT

Oil prices drop, as economic concerns confront tightening supplies

Oil prices decreased on Thursday, reversing strong gains from the prior session, with economic concerns raising doubts over the ongoing growth in fuel demand.

Thu, 13 Sep 2018 02:31:26 GMT

Hershey to buy Pirate Brands for $420M

Hershey stated that the company would buy Pirate Brands from B&G Foods for $420M, providing the chocolate producer rights to snack brands such as Pirate's Smart Puffs, Booty and Original Tings.

Wed, 12 Sep 2018 20:04:47 GMT

China: fiscal revenue growth slows

China's fiscal revenue growth slowed to 4% year on year in August, a decline from the 6.1% growth in July, amid measures to cut fees and taxes, official data shows.

Wed, 12 Sep 2018 20:04:08 GMT

UN chief appoints new envoy for Somalia

The UN Secretary-General Antonio Guterres appointed Nicholas Haysom as the head of the UN peacekeeping mission in Somalia and as the special representative in the country.

Wed, 12 Sep 2018 19:04:17 GMT

Juncker: Europe needs meaningful migration policy

The European Council should decide on meaningful migration policy and avoid improvised solutions, the European Commission President Jean-Claude Juncker says.

Wed, 12 Sep 2018 19:03:35 GMT

Greece raises $944M of debt

Greece on Wednesday sold $944.66M of debt at the cost of 1.09%, the same rate as the previous issue, the Greek finance ministry reports.

Wed, 12 Sep 2018 18:15:50 GMT

United Tech to pay $14M fine for illegal payments

On Wednesday,  the US security regulator claimed that United Technologies Corp would pay $13.9M to settle charges regarding illegal payments to Indonesia, Azerbaijan, China, South Korea, Kuwait, Pakistan and Thailand.

Wed, 12 Sep 2018 18:15:10 GMT

US and Japan report about successful ballistic missile test

On Wednesday, the US military officials claimed that Japan and the US have successfully tested Aegis, a new missile defence system developed by Lockheed Martin Corp.

Wed, 12 Sep 2018 16:50:47 GMT

Macy's plans hiring 80K workers for holiday season

On Wednesday, Macy's stated it was planning to hire 80K temporary workers for the upcoming holiday season, with nearly 24K seasonal workers to be employed at its US fulfilment centres.

Wed, 12 Sep 2018 16:50:39 GMT

Centerbridge, Blackstone look at joint bid for Spanish Santander HQ

The American investors Centerbridge and Blackstone are thinking over a $3.5B worth bid for the headquarters of Banco Santander in the Spanish capital of Madrid, sources reported on Wednesday.

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