News

Note: This section contains information in English only.
Thu, 14 Mar 2019 14:15:08 GMT

US initial jobless claims rise 6K last week

The number of applications for US unemployment benefits climbed 6K to 229K in the week ending March 9, beating analysts' anticipations of a 225K surge from the previous 223K reading.

Thu, 14 Mar 2019 13:38:49 GMT

Equitrans Midstream's unit to acquire gas pipeline assets

On Thursday, a unit of Equitrans Midstream, the US pipeline operator, signed a $1.03B agreement to gain control over two pipelines, which connect the Utica and Marcellus shale basins.

Thu, 14 Mar 2019 13:30:08 GMT

UK's Debenhams to explore Sports Direct offer

Debenhams is set to explore a $199M loan offer made by Sports Direct's shareholder Mike Ashley, but is unsure the deal would take place, the company stated on Thursday.

Thu, 14 Mar 2019 12:39:43 GMT

Facebook faces second day of global outage

On Thursday, Facebook struggled restoring its services fully after a global outage that hit on Wednesday, including the company's other services, such as Messenger, WhatsApp and Instagram.

Thu, 14 Mar 2019 12:31:24 GMT

Audi reviews stake increase in China JV

On Thursday, Audi's chief in China Alexander Seitz stated the premium car brand was exploring whether to increase its stake in the company's China joint venture, estimating to make a decision till this year-end.

Thu, 14 Mar 2019 11:12:58 GMT

Lufthansa announces quarterly results

Lufthansa announced on Thursday the company's quarterly results. The airline has experienced an eleven percent decline in operating profits during the fourth quarter of last year.

Thu, 14 Mar 2019 11:12:32 GMT

British Finance Minister comments on Brexit

On Thursday, the Finance Minister of the United Kingdom announced that the EU might demand a long delay in Brexit, if the UK asks for an extension. An extension of that kind could reverse the Brexit process.

Thu, 14 Mar 2019 10:10:23 GMT

UBS's HK IPO sponsor licence suspended for year

The securities regulator of Hong Kong has imposed a ban on UBS on Thursday on sponsoring IPOs in the country for at least one year, as the group failed as a sponsor for three listings.

Thu, 14 Mar 2019 10:01:46 GMT

China, Russia to take 10% in Intergeo

On Thursday, Russia's sovereign wealth fund RDIF said it had cooperated with Middle East's sovereign wealth fund and the Russia-China Investment fund to buy a 9.53% in the Russian mining firm Intergeo.

Thu, 14 Mar 2019 09:38:35 GMT

Network International prepares for London IPO

The biggest payments processor in Africa and the Middle East, Network International, is getting ready for its initial public offering on the LSE, seeking for a $3.0B value, it announced on Thursday.

Thu, 14 Mar 2019 09:34:42 GMT

PSA's Opel to revive Russia production in Q4

On Thursday, French automaker PSA Group's Opel stated it would renew its production at the Russian factory in Kaluga in the Q4, following its withdrawal from Russia's market in 2015.

Thu, 14 Mar 2019 08:38:14 GMT

AVID Property makes offer for Villa World

On Thursday, Villa World, the Australian property developer, stated it received a A$279.1M conditional takeover proposal from the US group AVID Property Australia, which offered a A$2.23 per company's share.

Thu, 14 Mar 2019 08:34:18 GMT

Petrobras relaunches bidding for TAG

The Brazilian state-controlled oil group Petroleo Brasileiro revive the process that allow new takeover bids for the pipeline network TAG, according to sources with a knowledge of the situation.

Thu, 14 Mar 2019 07:25:42 GMT

Abramovich cuts his $551M stake in Nornickel

Russia;s billionaire Roman Abramovich cut a stake in the mining titan Norilsk Nickel by selling his shares worth $551M during an ABB deal, VTB Capital reported.

Thu, 14 Mar 2019 07:17:22 GMT

Intesa has no plans for M&A deals

Intesa Sanpaolo's CREO Carlo Messina stated on Wednesday that the Italian largest retail bank would not seek for any merger and acquisition deals in the country or abroad.

Thu, 14 Mar 2019 06:38:25 GMT

Purdue Pharma explores bankruptcy filing

Purdue Pharma's CEO Craig Landau stated the group was exploring bankruptcy filing due to facing a couple of lawsuits alleging the OxyContin maker had contributed to the US opioid epidemic sweeping.

Thu, 14 Mar 2019 06:35:09 GMT

Toyota, SoftBank seek investing $1.0 in Uber's unit

Toyota Motor and SoftBank Group are in talks to make a $1.0B investment into Uber Technologies' self-driving car unit that could value the firm at $5.0B to $10.0B, according to sources.

Thu, 14 Mar 2019 04:35:50 GMT

China industrial production growth weakest in 17 years

Growth in the Chinese industrial output fell to a 17-year low in the first two-month period of the year, suggesting further weakness in the world's second-biggest economy.

Thu, 14 Mar 2019 04:33:04 GMT

Brookfield to buy Oaktree in $48B deal

Brookfield Asset Management stated that it will buy biggest part of Oaktree in a $4.8B deal, creating an asset manager, which would challenge the likes of industry major Blackstone Group.

Wed, 13 Mar 2019 21:18:41 GMT

German Minister: excluding Huawei likely to hurt economy

Excluding China's Huawei from participation in the Germany's 5G next-generation mobile network's construction is likely to hurt Europe's largest economy, Interior Minister Horst Seehofer stated.

Wed, 13 Mar 2019 21:16:50 GMT

Singapore's economy to grow 2.5% this year

The Monetary Authority of Singapore announced in the report that forecasters downgraded growth forecast of Singapore for 2019 from previously predicted 2.6% to 2.5%.

Wed, 13 Mar 2019 19:49:04 GMT

Austrian wine exports at record high in 2018

Austrian wine exports rose 6.9% in the year of 2018 to reach the record of $192.2M in value, the Austrian Wine Marketing Board reported on Wednesday.

Wed, 13 Mar 2019 19:48:56 GMT

Germany's E.ON reaches 2018 profit target

German energy firm E.ON achieved the company's profit targets for the 2018 fiscal year and should be on the path for the planned acquisition of Innogy, the green energy company.

Wed, 13 Mar 2019 19:13:53 GMT

RTL to invest in paid streaming services

EU broadcaster RTL is set to invest $396M in the paid streaming services in the next three years, as the company met the challenge of global streaming majors like Netflix.

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