News

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Tue, 13 Nov 2018 14:32:24 GMT

Brookfield acquires power business from Johnson Controls

Johnson Controls is planning a sale of the company's power solutions business to the investment company Brookfield Business Partners in an all-cash deal valued at $13.2B.

Tue, 13 Nov 2018 13:38:53 GMT

GE plans part of Baker Hughes stake sale

General Electric is planning to sell a part of a stake in the oilfield services supplier Baker Hughes, as it sought to lift repay and cash debt.

Tue, 13 Nov 2018 13:35:05 GMT

HollyFrontier to acquire Sonneborn in $655M deal

On Tuesday, the US oil refiner HollyFrontier stated it was set to acquire the privately-owned specialty hydrocarbons producer Sonnerborn in a $655M cash-deal.

Tue, 13 Nov 2018 12:36:05 GMT

Home Depot beats sales forecasts, raises annual estimates

On Tuesday, Home Depot beat Wall Street's expectations for its quarterly sales and boosted its annual forecast, sending the retailer's shares up 2.3% to $180.50.

Tue, 13 Nov 2018 12:05:14 GMT

Tencent's China travel firm cuts HK IPO on weak markets

Tongcheng-Elong, the Chinese travel company backed by Tencent Holdings, has launched a lower-than-expected IPO in Hong Kong of about $233M on Tuesday, due to a sluggish stock market.

Tue, 13 Nov 2018 10:54:45 GMT

European stock markets surge on Tuesday

During the first half of Tuesday's trading session the European stock indices surged. Financial media announced that the surge has been caused by trade talk hopes.

Tue, 13 Nov 2018 10:54:12 GMT

Theresa May's deputy announces possible Brexit deal

The de facto deputy of Theresa May on Tuesday announced that the United Kingdom and the European Union might reach a Brexit deal in the next two days.

Tue, 13 Nov 2018 10:38:20 GMT

Tata considers acquiring controlling stake in Jet Airways

India's Tata Sons has entered active talks to take a majority stake in the local carrier Jet Airways in a deal that could potentially rescue the debt-laden airline.

Tue, 13 Nov 2018 10:34:45 GMT

Sobi acquires AstraZeneca infant drug's rights for $1.5B

Sweden's Orphan Biovitrum is set to acquire the US rights to AstraZeneca's infant lung infection treatment in a deal valued at $1.5B upfront.

Tue, 13 Nov 2018 09:39:32 GMT

Raboank looks at US retail, wealth operations sale

Rabobank, the Dutch cooperative lender, is considering to sell its retail and wealth operations business in the US for about $1.0B, sources reported o Tuesday.

Tue, 13 Nov 2018 09:37:00 GMT

Kellogg considers fruit snacks, cookies business sale

On Monday, Kellogg announced it would reorganise its division in North America, thinking over a possible sale of its fruit snacks and cookies unit that included such brands as Stretch Island and Keebler.

Tue, 13 Nov 2018 05:43:30 GMT

Mike Pence will negotiate bilateral trade with Japan

On Tuesday, it was announced by the US government that the Vice President of the US Mike Pence will negotiate a bilateral trade deal with Japan.

Tue, 13 Nov 2018 05:42:51 GMT

US stocks lose value due to Federal Reserve

US stock market indices lost value on Monday, as it was announced that the Federal Reserve is not only expected to hike interest rates in December, but also two additional hikes are expected by mid-2019.

Tue, 13 Nov 2018 05:31:13 GMT

US Dollar reaches a sixteen month high level

On Tuesday, the US Dollar touched a sixteen month high level against a basket of currencies. Financial media named a global economic slowdown shown by lower than forecast earnings reports as the main reason for the event.

Tue, 13 Nov 2018 05:30:17 GMT

Asian stock prices gain value

On Tuesday morning Asian stock indices surged higher. The surge of stock values was mainly attributed to the fact that a top Chinese trade delegation was preparing to visit the US.

Tue, 13 Nov 2018 04:12:11 GMT

Visa: Britain's consumer spending sinks in October

The UK consumers constrained spending last month, payments company Visa stated, adding to signs that the country's economy was on track for weaker expansions in the final months of 2018.

Tue, 13 Nov 2018 04:10:11 GMT

Gas likely to overtake coal as second largest source of energy by 2030

Natural gas is anticipated to overtake coal as the second biggest energy source in the world after oil by 2030 amid a drive to diminish air pollution and the rise in LNG use, the International Energy Agency stated.

Tue, 13 Nov 2018 03:01:09 GMT

BoJ's total assets exceed Japan GDP

Total assets of the Bank of Japan rose to $4.87 trillion, the Central Bank's data revealed, surpassing the country's GDP for the first time.

Tue, 13 Nov 2018 02:58:35 GMT

Apple's Asian suppliers dropp due to weak iPhone sales fears

Shares in Asia's assemblers ans suppliers for Apple, including Hon Hai Precision and Pegatron, dropped amid profit warnings that indicated weakness in sales of iPhones.

Mon, 12 Nov 2018 21:30:05 GMT

Philippines FDI up 31% in 8 months

Foreign direct investment into the Philippines increased 31% to $7.4B from $5.7B in the first eight months of 2018, a government data shows.

Mon, 12 Nov 2018 21:29:04 GMT

Chinese VP meets MIT president

The Chinese Vice President Wang Qishan meets with the president of the Massachusetts Institute of Technology L. Rafael Reif in Beijing to discuss cooperation in the technology sector.

Mon, 12 Nov 2018 20:28:57 GMT

Kenya to earn $100M in 2018 from tax recovery

Kenya plans to earn $100M in 2018 from tax recovery, Edward Karanja, the senior assistant commissioner of Kenya Revenue Authority, says.

Mon, 12 Nov 2018 20:28:09 GMT

China, Fiji sign BRI memorandum

China and Fiji signed a memorandum of understanding on cooperation within the framework of the Belt and Road Initiative, the Chinese Ambassador to Fiji Qian Bo says.

Mon, 12 Nov 2018 17:45:30 GMT

Ukraine to deepen energy cooperation with US

Ukraine plans to deepen cooperation in nuclear energy and other areas with the US, the Ukrainian Prime Minister Volodymyr Groysman says.

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