News

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Thu, 06 Sep 2018 12:39:49 GMT

Brazil's AES unit likely to bid for wind farm owned by Renova

Brazil's unit of AES is thinking over a bidding for Renova Energia's wind farm, AES CEO stated on Wednesday.

Thu, 06 Sep 2018 12:34:11 GMT

U.S. court blocks Tronox's acquisition of Cristal's business

On Wednesday, the US court has blocked the pending acquisition of the Saudi Arabian Cristal's titanium dioxide business arm by the chemical maker Tronox.

Thu, 06 Sep 2018 11:39:46 GMT

UK bank OakNorth valued at $2.3B after closing funding round

The start-up special bank providing property and business loans OakNorth has been valued at $2.3B following a $100M funding round.

Thu, 06 Sep 2018 11:36:15 GMT

CatchMark Timber seeks buying Phaunos Timber

CatchMark Timber Trust is considering an all-stock bid to acquire Phaunos Timber Fund in a deal that could be potentially valued at $850M, the real-estate firm stated on Thursday.

Thu, 06 Sep 2018 10:11:01 GMT

JD.com investors dump stocks

A police investigation in the US against the CEO of JD.com Richard Liu has impacted the company's stock price, as investors have sold their holdings.

Thu, 06 Sep 2018 10:10:29 GMT

New messenger app gains popularity in China

A new messenger app Bullet Messenger has been recently gaining millions of downloads in Chinese mainland, as it takes on WeChat in China.

Thu, 06 Sep 2018 09:00:35 GMT

Delta Air Lines offering stake in Monroe Energy unit

Delta Air Lines is seeking for buyers for a stake in the refining subsidiary Monroe Energy, hiring two investment banks to manage the sale.

Thu, 06 Sep 2018 09:00:18 GMT

Great-West Lifeco explores sale of $2.0B worth contracts

Canada's second-largest insurance firm Great-West Lifeco is considering to sell its insurance contracts portfolio worth as much as $2.0B, sources reported on Wednesday.

Thu, 06 Sep 2018 08:39:35 GMT

China's Yunji Weidian hires banks for US IPO next year

Yunji Weidian, China's e-commerce portal, has tapped investment banks for its planned initial public offering in the United States next year.

Thu, 06 Sep 2018 07:38:25 GMT

Dalian Wanda considers reducing stake in AMC

China's Dalian Wanda Group is thinking over cutting its stake in the world's biggest cinema operator AMC Entertainment Holdings, sources reported.

Thu, 06 Sep 2018 07:23:47 GMT

China's Anbang Insurance hires JPMorgan to run Vivat sale

The Chinese group Anbang Insurance has hire JPMorgan to manage its sale of the Dutch insurance unit Vivavt worth up to $2.0B.

Thu, 06 Sep 2018 06:36:24 GMT

Tribune Media launches new round of talks to sell itself

Tribune Media, the American TV station owner, has launched new sale talks, following a collapse of the $3.9B deal with Sinclair Broadcast Group, as it failed to receive the regulatory clearance.

Thu, 06 Sep 2018 06:32:43 GMT

Novartis to sell Sandoz US parts for $900M

On Thursday, Novartis announced it would sell its dermatology and generic oral solids parts of Sandoz US to the Indian firm Aurobindo Pharma in a deal wort $900M.

Thu, 06 Sep 2018 05:01:50 GMT

Irish earnings from overseas visitors grow 8.5% in H1

Ireland's overseas visitors spent a total of €2.27B in the first half of this year, up 8.5% compared with the 2017 same period, the report by the CSO showed.

Thu, 06 Sep 2018 04:58:35 GMT

Toyota recalls 1M CH-R hybrids, Prius

Toyota Motor was recalling more than 1M Prius and C-HR compact crossover hybrid vehicles, from which 554K were to be recalled in Japan and 192K in the US, due to fire risk.

Thu, 06 Sep 2018 04:04:06 GMT

FBI to probe AmEx forex unit

Pricing practices within the foreign-exchange unit of American Express was being probed by the FBI on pricing practices, sources familiar with the matter stated.

Thu, 06 Sep 2018 03:58:34 GMT

GSK to cut 650 positions in US

The UK drugmaker GlaxoSmithKline stated that it would cut nearly 650 jobs in the United States within a global restructuring program, which was announced in July.

Thu, 06 Sep 2018 02:35:40 GMT

Uber plans IPO next year

Uber Technologies was on track for initial public offering next year and revealed no plans to sell the company's self-driving car research unit, Dara Khosrowshahi, the Chief Executive, stated.

Thu, 06 Sep 2018 02:31:23 GMT

Facebook to build data centre in Singapore

Facebook stated on Thursday that it is set to build the first data centre in Asia in the country of Singapore, making more than $1B of investments.

Wed, 05 Sep 2018 20:17:21 GMT

Finland's economic growth to slow down

The Finnish economy is likely to slow down in the next few years due to the weak performance of the global economy, shows data published by the Nordea Bank.

Wed, 05 Sep 2018 20:16:39 GMT

AfDB president: no debt crisis in Africa

There are no signs of debt crisis in African countries, the president of the African Development Bank Akinwumi Adesina says.

Wed, 05 Sep 2018 19:05:21 GMT

Russian Nord Stream 2 pipeline construction begins in Finland

The construction of the Nord Stream 2 pipeline kicked off in the Gulf of Finland on Wednesday, the project operator Nord Stream 2 AG says.

Wed, 05 Sep 2018 19:04:26 GMT

Russian, US top officials to discuss Syria

The Russian Foreign Minister Sergei Lavrov and the US Secretary of State Mike Pompeo plan to discuss the situation in Syria on the sidelines of the United Nations General Assembly in New York.

Wed, 05 Sep 2018 18:13:30 GMT

UN chief asks Mauritanians for peaceful elections

The UN Secretary-General Antonio Guterres asks the people of Mauritania for the peaceful conduct of elections in their country.

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