News

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Thu, 28 Jun 2018 06:52:21 GMT

GT Capital plans $202M investment in Toyota Motor

Philippines' GT Capital Holdings is set to acquire Toyota Motor's shares worth up to $201.6M, the Asian conglomerate stated on Thursday.

Thu, 28 Jun 2018 06:37:30 GMT

Marfrig Global Foods nears decision over Keystone sale

The Brazilian company Marfrig Global Foods is nearing to a decision on its US unit Keystone Foods sale, which provides chicken to the popular restaurants chains.

Thu, 28 Jun 2018 05:39:19 GMT

RBNZ changes time, day of rate announcements

The Reserve Bank of New Zealand stated it would change the time and date of interest rate announcements starting from 2019, as the Bank switches to decisions made at its board meetings.

Thu, 28 Jun 2018 05:35:13 GMT

China factory expansion seen cooling in June

Growth in the Chinese manufacturing sector is anticipated to weaken slightly in June after a surprise rise in May, but along with high industrial profits it would allay concern of a sharp slowdown in the economy.

Thu, 28 Jun 2018 04:19:36 GMT

US brokerage of Deutsche Bank fined $1.4M for reporting problems

Deutsche Banks US securities division agreed to pay a $1.4M fine to the FINRA to settle expenses that it violated supervisory and reporting rules related to municipal bond and equity trades.

Thu, 28 Jun 2018 04:06:34 GMT

BoC Polz keeps markets guessing on rate move in July

The effects of US tariffs and tighter mortgage regulations are likely to figure in the BoC rate move in July, but Stephen Poloz, the Bank's Governor, kept markets guessing on what to expect, a raise or a hold.

Thu, 28 Jun 2018 02:35:27 GMT

Disney gets approval to buy Fox

Walt Disney won the US approval to buy 21st Century Fox entertainment assets for $71.3B on condition that it sell 22 regional sports networks of Fox, taking an edge over Comcast's competing bid.

Thu, 28 Jun 2018 02:31:30 GMT

Profits of UK motor insurers reach 23-year high in 2017

British motor insurers reported that their underwriting profits reached a 23-year high in 2017 and this year is also expected to be profitable, EY stated on Thursday.

Wed, 27 Jun 2018 20:21:49 GMT

Kremlin: Putin, Trump to meet in third country

The Russian President Vladimir Putin and the US President Donald Trump will meet in a third country, the Kremlin aide Yuri Ushakov says.

Wed, 27 Jun 2018 20:20:50 GMT

World Bank approves $350M credit to Tanzania

The World Bank approved $350M credit to Tanzania to build infrastructure for delivering water to 3 million people in rural areas.

Wed, 27 Jun 2018 19:30:30 GMT

Xi meets with US Secretary of Defence

The Chinese President Xi Jinping on Wednesday met with the visiting US Secretary of Defence James Mattis in Beijing.

Wed, 27 Jun 2018 19:29:38 GMT

US pending home sales decline in May

US pending home sales declined modestly in the month of May due to limited supply, the National Association of Realtors reports.

Wed, 27 Jun 2018 18:32:45 GMT

Long4Life to acquire rage fashion retailer for $287M

South Africa's investment company Long4Life agreed to pay $287.5M for the fashion retailer Rage, seeking to boost the firm's lifestyle brands business.

Wed, 27 Jun 2018 18:29:00 GMT

Bain Capital wins auction to buy Italy's Italmatch

Bain Capital, the private equity group, won an auction on Wednesday to acquire the Italian chemicals firm Italmatch, in a deal valued at around $811M, sources reported.

Wed, 27 Jun 2018 17:32:39 GMT

NZ supplier Z Energy notes alleged data breach last year

New Zealand's fuel supplier Z Energy stated on Wednesday it had been informed about the alleged data breach in November regarding its Z Card Online's customer database that could be possibly accessed by the third party.

Wed, 27 Jun 2018 17:24:37 GMT

Lyft attracts $600M in new funding round led by Fidelity

On Wednesday, Lyft stated it had raised $600M in a funding round that was led by Fidelity Management, its largest investor from now, valuing the ride-sharing company at $15.1B.

Wed, 27 Jun 2018 16:26:53 GMT

Bosch ties up with Mojio start-up over car wireless connection

Robert Bosch, the German car supplier, is cooperating with the Canada start-up Mojio to connect more vehicles wirelessly to such digital services as emergency responders or insurance companies.

Wed, 27 Jun 2018 16:22:02 GMT

China's Baidu plans to buy back about $1.0B shares

On Wednesday, China's Baidu board has approved the company's plan to buy back $1.0B of its shares within the following 12 months.

Wed, 27 Jun 2018 14:58:51 GMT

US pending home sales fall in May

The US National Association of Realtors reported on Wednesday that the number of pending home sales fell by 0.5% in May, compared to the market estimate of a 0.4% increase.

Wed, 27 Jun 2018 14:58:37 GMT

Ford, Baidu to introduce AI systems in Chinese cars

Ford Motor Co has formed a partnership with the Chinese technology company Baidu Inc to incorporate artificial intelligence systems in its cars intended for the Chinese market.

Wed, 27 Jun 2018 14:33:03 GMT

Idemitsu's founding famility set to approve Showa Shell merger

Idemitsu's founding family is expected to accept the merger plans of Showa Shell Sekiyu and Idemitsu Kosan, according to the Nikkei.

Wed, 27 Jun 2018 14:30:03 GMT

Petrobras signs deal to sell Paraguay fuel distribution assets

Brazil's state-run oil firm Petroleo Brasileiro stated on Wednesday it had signed a deal to sell its Paraguay fuel distribution assets, as apart of a plan to cut debt by selling billions in assets.

Wed, 27 Jun 2018 13:38:42 GMT

Differential Brands Group to acquire Global Brands' unit for $1.38B

On Wednesday, Differential Brands Group stated it would acquire the majority of the Global Brands Group's North American licensing unit in a deal worth $1.38B.

Wed, 27 Jun 2018 13:35:35 GMT

Thyssenkrupp close to JV compromise accord with Tata Steel

Tata Steel and Thyssenkrupp are getting closer to a $17.4B deal to combine their EU assets into an international steel titan, sources reported on Wednesday.

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