News

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Wed, 24 Apr 2019 07:40:01 GMT

Sberbank makes investment in Russia's Rambler

Russia's Sberbank signed an agreement to acquire a 46.5% stake in the media firm Rambler Group, the lender announced on Tuesday not disclosing the financial terms of the deal.

Wed, 24 Apr 2019 06:37:58 GMT

UBS, Deutsche Bank enter merger talks

Switzerland's bank UBS Group and the asset management divisions of Deutsche Bank have entered merger talks, according to the Financial Times, considering to combine their asset management potentially worth over $1.57 trillion.

Wed, 24 Apr 2019 06:35:00 GMT

Japan's SoftBank to take 5.6% of Wirecard

Japan's Softbank Group is set to acquire a 5.6% stake in the German payments firm Wirecard by taking convertible bonds valued at about $1.01B, Wirecard stated on Wednesday.

Wed, 24 Apr 2019 05:10:39 GMT

China to make changes on Belt and Road initiative

Beijing is expected to promote the new version of the Belt and Road initiative project at this week's summit of world leaders in China.

Wed, 24 Apr 2019 05:10:25 GMT

Australian Dollar declines on Wednesday

On Wednesday, the Australian Dollar declined to six weeks low against its peers after data showed that the Australian Consumer Price Index in the first quarter was below forecasts.

Wed, 24 Apr 2019 04:06:32 GMT

US Dollar reaches near two years high

On Wednesday, the US Dollar reached near a two-year higher against its peers after data showed that the US economy was doing fine.

Wed, 24 Apr 2019 04:04:34 GMT

Tesla to upgrade Model X and S cars

Tesla Inc announced on Tuesday that it would bring back cheaper options for Model S and X cars and roll out upgrades to enhance the re-charging speed and driving range.

Wed, 24 Apr 2019 03:36:53 GMT

New Zealand, France to tackle social media extremism

After the Christchurch attack, New Zealand stated that it is set to cooperate with France in an attempt to stop social media usage to promote violent extremism and terrorism.

Wed, 24 Apr 2019 03:13:35 GMT

South Korea proposes extra budget of $5.9B

South Korea unveiled a proposed $5.87B supplementary budget needed to tackle unprecedented air pollution levels and boost exports affected by weak demand.

Tue, 23 Apr 2019 20:26:39 GMT

Egyptians support constitutional changes

The Election Commission of Egypt stated on Tuesday that almost 90% of citizens have supported amendments to the constitution that presuppose extension of a president's term to six years from four.

Tue, 23 Apr 2019 20:22:20 GMT

Sonatrach's CEO to quit

On Tuesday, the Algerian acting President Abdelkader Bensalah has replaced Sonatrach's CEO Abdelmoumene Ould Kaddour with the chief of production and exploration Rachid Hachichi.

Tue, 23 Apr 2019 19:18:48 GMT

Alphabet to start drone deliveries in Virginia

On Tuesday, Alphabet's Wing Aviation division has received an approval from the Federal Aviation Administration to start deliveries of goods using drones in the state of Virginia.

Tue, 23 Apr 2019 19:15:56 GMT

US capital investments falls in March

According to a report published by the Equipment Leasing and Finance Association, the volume of capital investments by the US companies has decreased by 10% in March, amounting to $8.2B.

Tue, 23 Apr 2019 18:38:52 GMT

Tencent supports Agrentinian Uala

The Argentinian start-up Uala founder Pierpaolo Barbieri stated on Tuesday that Chinese giant Tencent has become one of the company's largest investors.

Tue, 23 Apr 2019 18:36:08 GMT

Wells Fargo elects directors

On Tuesday, shareholders of the US bank Wells Fargo & Co have gathered together and elected new directors, each of which received at least 95% approval rate.

Tue, 23 Apr 2019 15:50:41 GMT

Olam International to acquire Dangote Flour Mills

On Tuesday, Singapore's Olam International stated it would take over Dangote Flour Mills, the Nigerian indigenous industrial conglomerate, in a deal valued at $424.9M.

Tue, 23 Apr 2019 15:50:33 GMT

Majestic Wine plans all UK stores sale

Majestic Wine is planning a sale of its 200 or more British stores on the back of focus shifting to the company's online business called Naked Wines, Britain's retailer announced on Tuesday.

Tue, 23 Apr 2019 15:11:40 GMT

BNP Paribas looks for buyers for its banks' stakes

On Tuesday, BNP Paribas stated it was seeking for buyers for the stakes in its Gabon and Tunisia retail banks amid the French lender's intention to exit several non-core assets.

Tue, 23 Apr 2019 14:53:26 GMT

Murphy Oil to acquire Gulf of Mexico assets

On Tuesday, gas and oil producer Murphy Oil announced it would acquire assets of Gulf of Mexico from LLOG Bluewater Holdings and LLOG Exploration Offshore in a cash-deal worth at least $1.38B, seeking to boost its presence in the region.

Tue, 23 Apr 2019 14:38:55 GMT

Thomas Cook shares soar on suitors interest

On Tuesday, bonds and shares of Thomas Cook Group surged 16.2% on a report a couple of suitors had approached the UK travel company with potential takeover bids.

Tue, 23 Apr 2019 14:26:38 GMT

Energias de Portugal to pass verdict on CTG

Energias de Portugal's shareholders are set to pass a verdict on the $10B proposed takeover by China Three Gorges during their meeting scheduled for Wednesday.

Tue, 23 Apr 2019 13:37:00 GMT

Amazon boosts ties with France's Casino

The US e-commerce titan Amazon is strengthening its ties with the French retailer Casino by making the majority of the firm's products available on the US platform and installing Amazon's pick-up lockers in the Casio stores.

Tue, 23 Apr 2019 10:50:53 GMT

Beyond Meat set to launch IPO worth $183.8M

Beyond Meat, the vegan burger maker, is seeking to attract up to $183.8M from its initial public offering, pricing the company's shares between $19-$21 according to the US Securities and Exchange Commission filing.

Tue, 23 Apr 2019 10:50:47 GMT

Nissan to reject Renault's integration proposal

Nissan Motor is planning to reject a proposal made by its French partner Renault over management integration, seeking to ask for the equal capital relationship, Nikkei reported on Monday.

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