News

Note: This section contains information in English only.
Tue, 08 May 2018 16:25:13 GMT

Trump likely to withdraw from Iran nuclear deal

The US President Donald Trump is anticipated to declare on Tuesday that the United States are withdrawing from the Iran deal, after European officials struggled to persuade him the opposite.

Tue, 08 May 2018 15:20:46 GMT

Amazon's veteran Stone to become new Snap's CFO

Snap, the Snapchat owner, stated it had hired Amazon's veteran Tim Stone as the company's new Chief Financial Officer to replace Andrew Vollero after his resignation.

Tue, 08 May 2018 14:18:13 GMT

Russia's Megafon to set up digital JV with Gazprombank, Rostec

On Tuesday, Megafon, one of the largest Russia's mobile phone operators, announced it would form a digital joint venture with Rostec and Gazprombank by cutting its stake in the Internet firm Mail.ru.

Tue, 08 May 2018 13:28:37 GMT

Trump expected to rule on Iran nuclear deal on Tuesday

The US President Donald Trump is set to announce his decision on the Iran nuclear deal on Tuesday, ruling whether to pull out from it or stay in, working with the EU allies.

Tue, 08 May 2018 13:26:03 GMT

North Korea's Kim arrives in China to meet President Xi

The leader of North Korea Kim Jong Un made a visit to China this week to meet the country's President Xi Jinping in the leaders' second encounter in the last two months amid their intention to mend ties.

Tue, 08 May 2018 11:58:53 GMT

EU antitrust regulators to pass verdict on Uniper bid by Fortum

The EU antitrust regulators are set to rule on whether to clear Fortum's bid to buy 47% of the Germna peer Uniper from the energy firm E.ON by June 15, the same date as set for the Comcast-Sky deal.

Tue, 08 May 2018 11:53:40 GMT

Cohu plans to acquire Xcerra in almost $800M deal

The semiconductor testing firm Cohu is planning to acquire its rival Xcerra in a deal valued at $796M, after the US security panel had blocked Xcerra's takeover by China's state-baked fund two months ago.

Tue, 08 May 2018 11:39:15 GMT

Equifax provides US Congress with extra details on cyber-security case

The credit-monitoring company Equifax announced on Monday it had provided the US Congressional committees with additional details over the data breached in a cyber-security incident last September.

Tue, 08 May 2018 11:36:01 GMT

EU regulator to rule on Comcast-Sky bid by June 15

The European antitrust regulator is set to rule on Comcast-Sky $30B deal by June 15, after the US cable operator had filed for the EU approval on May 7.

Tue, 08 May 2018 10:15:19 GMT

Kremlin says US withdrawal from Iran nuclear deal could be harmful

The United States' withdrawal from the Iran nuclear deal could have ‘inevitable harmful consequences', a Kremlin spokesperson Dmitry Peskov said on Tuesday.

Tue, 08 May 2018 10:11:41 GMT

Armenia elects new PM

The Armenian opposition leader Nikol Pashinyan has been elected as the country's Prime Minister with 59 lawmakers in the Parliament backing his candidacy.

Tue, 08 May 2018 09:08:08 GMT

Nevsun Resources drops C$1.5B bid from Canadian miners

On Monday, the base metals firm Nevsun Resources has rejected a C$1.5B takeover bid made by Canada's miners, Euro Sun Mining and Lundin Mining, disappointing the bidders.

Tue, 08 May 2018 09:01:06 GMT

Iraq's Kurdistan picks September 30 to hold regional elections

Iraq's Kurdistan is planning to hold its regional elections on September 30, the region's Prime Minister Nechirvan Barzani announced on Tuesday.

Tue, 08 May 2018 08:36:05 GMT

Alibaba buys South Asian e-commerce platform Daraz

Alibaba Group has acquired the Pakistani e-commerce platform Daraz Group from Rocket Internet, saying the unit would continue operating under the same brand after the acquisition.

Tue, 08 May 2018 08:32:04 GMT

Takeda agrees to acquire Shire in $62B takeover

On Tuesday, Takeda Pharmaceutical agreed the $62B takeover of the London-listed Shire, after Japan's firm raised the cash amount in its bid to $30.33, seeking to secure a recommendation.

Tue, 08 May 2018 07:07:20 GMT

Reuters: ValueAct Capital invests $1.2B in Citigroup

According to Reuters news agency, the activist investing company ValueAct Capital Partners has taken $1.2B stake in Citigroup, sending the US bank's shares up 1.5% on the news.

Tue, 08 May 2018 07:03:18 GMT

NortWest Healthcare Properties acquires rights to 10% stake in Healthscope

Canada's NorthWest Healthcare Properties has bought rights to 10% stake in Healthscope, about two weeks after Australia's hospital operator received a $3.1B takeover bid from the Australian private equity firm's consortium.

Tue, 08 May 2018 06:32:16 GMT

Walmart seen to announce Flipkart deal before this week-end

Walmart is expected to announce its deal to acquire a majority stake in Flipkart, the Indian e-commerce firm, before this week's end, making the US retail giant's deal the largest acquisition of a business.

Tue, 08 May 2018 06:26:42 GMT

Swedish fintech firm iZettle plans listing on Nasdaq Stockholm

On Tuesday, Sweden's fast-growing financial technology firm iZettle stated it is planning a listing on the Nasdaq Stockholm stock exchange as soon as this year, becoming one of the largest EU fintech firms to list so far.

Tue, 08 May 2018 05:04:57 GMT

China's trade surplus with US widens in April

The Customs General Administration of China reported on Tuesday that China's trade surplus with the US had increased to $22.19B in April, compared to $15.43B in March.

Tue, 08 May 2018 05:04:29 GMT

Oil remains near highs prior to Trump's announcement

Oil prices remained at their highest level since 2014 early today prior to the US President Donald Trump's announcement about a possible withdrawal from the Iran nuclear deal.

Tue, 08 May 2018 04:06:52 GMT

Chinese exports, imports grow in April

Chinese imports and exports grew at a faster-than-expected pace in April with a rise of 21.5% and 12.9%, respectively, thus leaving the country's trade surplus at $28.78B.

Tue, 08 May 2018 04:00:53 GMT

RBNZ reports inflation expectation for Q2Y2018

The Reserve Bank of New Zealand reported on Tuesday that its inflation expectation for the second quarter of 2018 is 2.01%, while the average one-year expectation is 1.80%.

Tue, 08 May 2018 03:31:51 GMT

G20 finance chiefs to meet in Japan next year

Japan's Finance Minister Taro Aso stated that the country is set to host a meeting of G20 financial leaders in western Japan over June 8-9 in 2019.

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