News

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Mon, 17 Apr 2017 17:01:58 GMT

Cloudera sets price range for its IPO below $4.1B private valuation

The US-based software firm Cloudera set an IPO price range that would ensure the company a market capitalisation of $1.79B, well below the $4.1B valuation received in March.

Mon, 17 Apr 2017 16:02:08 GMT

Blackstone to acquire EagleClaw Midstream for $2B

The New York-based private equity business Blackstone Group agreed to acquire EagleClaw Midstream, a privately-held midstream operator, for around $2B in cash.

Mon, 17 Apr 2017 16:00:53 GMT

FAS and Google reach out-of-court settlement over Android complaint

The deputy chair of FAS Alexei Dotsenko said the anti-monopoly watchdog had struck an out-of-court deal with Google over a complaint about the Android OS.

Mon, 17 Apr 2017 14:56:10 GMT

NY and Atlanta Fed slash their US Q1 GDP outlook

The Federal Reserve banks of Atlanta and New York have slashed their forecasts for the US Q1 GDP on the back of downbeat retail sales and CPI data for March.

Mon, 17 Apr 2017 14:55:34 GMT

Empire State Manufacturing Index slips to 5.2 in April

A report released by the New York Federal Reserve revealed the Empire State Manufacturing Index came in at 5.2 for the month of April, well below the forecast for a 15.2 print.

Mon, 17 Apr 2017 13:17:20 GMT

Saudi Arabia anticipates tax on drinks, tobacco to rise up to $2.7B

The government of Saudi Arabia expects new taxes on sugary drinks and tobacco to rise between $2.1B and $2.7B annually and cover a part of budget deficit.

Mon, 17 Apr 2017 13:12:02 GMT

Jared Kusher to sell his stake in real estate technology firm

Jared Kusher, a son-in-law of Donald Trump, is in negotiations to sell stake in Wired Score, the real estate tech company, as he tries to pare his many business ties.

Mon, 17 Apr 2017 12:33:55 GMT

Russia's Putin says good opportunity for investment in technology

On Monday, the Russian President Vladimir Putin stated that Russia is required to boost investment activity in modern technology, as the strong Rouble creates favourable conditions for that.

Mon, 17 Apr 2017 12:21:46 GMT

Turkish opposition discontent with referendum results

On Monday, the main opposition party in Turkey made a call to nullify the referendum results, which granted President Erdogan more power.

Mon, 17 Apr 2017 10:51:58 GMT

Ant Financial ups bid for MoneyGram

Despite facing regulatory obstacles, the Chinese firm Ant Financial upped its bid for MoneyGram by a third, becoming the number one candidate to gain approval from the electronic payment company's board.

Mon, 17 Apr 2017 10:51:38 GMT

Lavrov hopes US does not take unilateral actions against North Korea

Sergei Lavrov, the Foreign Minister of Russia, claimed that although the country condemned North Korea's nuclear operations, he wished the US would not take independent actions on the matter.

Mon, 17 Apr 2017 10:02:57 GMT

Daewoo bailout is allowed

The National Pension Service of South Korea has agreed to the restructuration of $1.4 billion worth of bonds, which have been issued by Daewoo Shipbuilding and Marine Engineering. The NPS is the largest debt holder of the company's bonds.

Mon, 17 Apr 2017 10:01:02 GMT

Violence sparks in Indian Kashmir

In the aftermath of a video surfacing, where the Indian army tied a local to the front of a vehicle, local militants have noticeably increased attacks in the Indian part of Kashmir.

Mon, 17 Apr 2017 09:05:10 GMT

Sudden strike on North Korea to be considered

In the wake of North Korea's failed medium-range missile test this weekend, the US President Donald Trump wants to consider ordering military action, including a sudden strike.

Mon, 17 Apr 2017 09:04:58 GMT

Pence says "era of strategic patience" over

Mike Pence warned that the "era of strategic patience is over" with North Korea and urged China to use its "extraordinary levers" to pressure the regime into abandoning its nuclear missile programmes.

Mon, 17 Apr 2017 08:01:07 GMT

Erdogan declares victory in historic referendum

The Turkish President declared victory in the country's referendum, with 51.3% of the vote, while the opponents said the vote was marred by irregularities and they would challenge its result.

Mon, 17 Apr 2017 08:00:55 GMT

Kuroda wants continue with easy policy for price target

The BoJ Governor Haruhiko Kuroda, in his latest speech today, said that there was a need to continue with policy easing till the Central Bank's 2% inflation goal is reached.

Mon, 17 Apr 2017 07:05:42 GMT

Yum China CEO says infrastructure spending boosts businesses

The CEO of Yum China Micky Pant said infrastructure spending was the main driver for the country's businesses, adding Yum China seeks to open 600 stores in 2017.

Mon, 17 Apr 2017 07:05:11 GMT

Singapore's NODX rise 16.5% y/y in March

Data released by the International Enterprise Singapore trade agency revealed non-oil domestic exports were up 16.5% year-on-year in March.

Mon, 17 Apr 2017 06:04:47 GMT

Mexico's ex-governor detained in Guatemala awaits extradition

The former Veracruz state governor Javier Duarte detained in Guatemala on Saturday is now waiting for extradition to Mexico.

Mon, 17 Apr 2017 06:04:04 GMT

Police on high alert in Ohio after man broadcasts murder on Facebook

Police was on high alert in Cleveland after a man posted a video to his Facebook timeline showing him murdering a 74-year-old man.

Mon, 17 Apr 2017 05:01:30 GMT

Randal Quarles to become Trump's pick for top Fed post

A senior US official said Randal Quarles, a former George W. Bush administration's official, was widely expected to be tapped as the Federal Reserve's Vice Chair.

Mon, 17 Apr 2017 05:01:02 GMT

Japan's Suga says country committed to G20 FX policy

On Monday, Yoshihide Suga, the Japanese Chief Cabinet Secretary, said the country was adherent to the G20 FX policy agreement and was not manipulating the Yen.

Mon, 17 Apr 2017 04:16:44 GMT

Chinese retail sales surge 10.9% in March

According to the official data, Chinese retail sales were up 10.9% year-over-year in March, beating analysts' expectations for a 9.7% gain.

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