News

Note: This section contains information in English only.
Fri, 09 Nov 2018 17:50:21 GMT

SWIFT to disconnect some Iranian banks

On Friday, the Chief Executive Officer of financial messaging service SWIFT Gottfried Leibbrandt claimed that on the next week some Iranian banks will be disconnected from the system.

Fri, 09 Nov 2018 17:27:26 GMT

EU regulators to approve $62B Takeda-Shire deal

The antitrust regulators of the EU are ready to approve a $62B acquisition deal between the Japanese pharma giant Takeda Pharmaceutical's and biopharmaceutical company Shire Pharmaceuticals Group Plc.

Fri, 09 Nov 2018 17:18:04 GMT

SoftBank's VisionFund raises $4B

Vision Fund, the investment fund of Japanese SoftBank, backed by Saudi Arabia, has attracted $4B of funds to help to finance upcoming acquisitions.

Fri, 09 Nov 2018 16:37:56 GMT

British transport minister Jo Johnson quits government over Brexit deal

On Friday, British Minister of Transport Jo Johnson claimed that he is quitting the UK government because of the proposed Brexit deal and urged the government to organise the second Brexit referendum. 

Fri, 09 Nov 2018 16:33:40 GMT

China plans to reduce taxes to support private sector

On Friday, Chinese state news agency Xinhua reported that China's State Administration of Taxation is working in partnership with other federal agencies to cut taxes to support country's private sector.

Fri, 09 Nov 2018 15:36:24 GMT

Japan's Mitsui seeks acquiring Brazilian rail firm

The Japanese group Mitsui entered talks over a takeover of the suburban Brazilian railway firm SuperVia, after its key creditor, BNDES development bank, had blocked other bids for the company.

Fri, 09 Nov 2018 15:33:25 GMT

AmEx gets China approval over card payments

On Friday, American express has received China's approval to clear its card payments, becoming the first US card network to have direct access to the potentially largest bank card market within two years.

Fri, 09 Nov 2018 14:36:36 GMT

Commissioners to finalise Alitalia's proposal examination next week

The government-led commissioners are expected to complete the examination of proposals made for Alitalia's sale as soon as next week, sources familiar with the matter reported.

Fri, 09 Nov 2018 14:32:17 GMT

France's Edenred acquires American firm CSI for $600M

France's Edenred, the card and meal vouchers provider, is acquiring the US company Corporate Spending Innovations in a deal valued at around $600M that is expected to boost Edenred's earnings.

Fri, 09 Nov 2018 13:39:24 GMT

Australia's Woolworths seeks petrol business sale worth $1.25B

Australia's Woolworths Group is eager to sell the petrol business unit to the UK petrol firm EG Group in a deal valued at $1.25B.

Fri, 09 Nov 2018 13:37:33 GMT

US pot group Harvest plans IPO worth $1.5

Harvest Enterprises, the US cannabis retailer, is planning to attract $230M in a deal, which would value the pot firm at around $1.5B, at its initial public offering in Toronto scheduled for the next week.

Fri, 09 Nov 2018 11:58:44 GMT

Optical components maker II-VI to acquire Finisar in $3.2B deal

On Friday, the optical and laser products maker II-VI is set to acquire Apple's supplier Finisar in a deal worth around $3.2B, as it seeks growth in consumer electronics, as well as in the self-driving car sector.

Fri, 09 Nov 2018 11:58:35 GMT

Kaufhof-Karstadt merger gets German regulator's approval

On Friday, the German antitrust regulator has granted its approval for the planned merger deal between two department chains, Karstadt and Kaufhof, owned by Austria's Signa Holding and Canada's Hudson's Bay.

Fri, 09 Nov 2018 10:54:24 GMT

Orban comments on Hungary's adoption of the Euro

On Friday, the Prime Minister of Hungary announced that his country will be very cautious about adopting the common European currency. The comments clearly signal that Hungary will not be adopting the Euro in the foreseeable future.

Fri, 09 Nov 2018 10:53:57 GMT

Italian lawmakers ignore EU advice

As the European Union advised Italian legislators and the Ministry of Economy to revise the country's budget, the Minister of Economy of Italy on Friday announced that they will stand by the already approved budget.

Fri, 09 Nov 2018 10:19:07 GMT

Ryanair plane grounded in Bordeaux over cash dispute

On Friday, the French civil aviation authority stated it had grounded Ryanair's passenger jet at Bordeaux airport on November 8 due to a money dispute with France that the Irish carrier owed.

Fri, 09 Nov 2018 10:18:31 GMT

AO World acquires Mobile Phones Direct in £32.5M deal

AO World, the UK online electricals retailer, would raise the company's mobile phones business scale after agreeing to acquire Mobile Phones Direct in a deal valued at £32.5M, the British firm stated on Friday.

Fri, 09 Nov 2018 08:59:46 GMT

ADM makes buyout offer for Molinos Agro

Archer Daniels Midland, the US grain merchant, has made the buyout approach for Argentine's soy crusher Molinos Agro, seeking to acquire the company's soyoil manufacturing plant and livestock feed.

Fri, 09 Nov 2018 08:59:34 GMT

Plantronics considers possible sale after receiving takeover interest

The US Bluetooth gaming headsets and earpieces producer Plantronics is thinking over a potential sale after raising takeover interest for the company, sources familiar with the situation stated.

Fri, 09 Nov 2018 08:36:15 GMT

P&G to create six business units for six markets

On Thursday, Procter & Gamble announced it was launching the largest reorganisation in 20 years by creating six business divisions for its biggest geographic markets.

Fri, 09 Nov 2018 06:24:27 GMT

Interpol warns against of risks of virtual currencies

On Friday, the Saudi Interpol reminded about the risks of dealings in various unregulated virtual currencies, such as Bitcoin, on the unsecured platfoms in the Internet.

Fri, 09 Nov 2018 06:17:11 GMT

Oil prices plunge amid rising supply

Crude oil prices decreased by 0.1% or 4 cents on Friday morning, reaching $65.60 per barrel, being mainly influenced by rising supply and concerns over a slower economic growth.

Fri, 09 Nov 2018 05:26:12 GMT

President Moon makes changes in economic bloc of his government

On Friday, the President of South Korea Moon Jae-in sacked his two senior economic policymakers, the Finance Minister Kim Dong-yeon and Chief Presidential Policy Aide Jang Ha-sung, and replaced them by Hong Nam-ki and Kim Soo-hyun.

Fri, 09 Nov 2018 05:21:21 GMT

AirAsia X likely to alter its Airbus order

The AirAsia X Malaysia CEO Benyamin Ismail stated on Friday that the company was considering to replace part of the ordered 34 Airbus A330neo jets by A321neo model.

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