News

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Mon, 20 May 2019 12:27:08 GMT

Infineon halts shipments to Huawei

Germany's Infineon suspended its chip shipments to China's Huawei Technologies, as the US President Donald Trump's crackdown on the tech group has already hampered the chipmaker's supplies beyond the US, Nikkei reported on Monday.

Mon, 20 May 2019 11:38:30 GMT

Australia's Lynas to set up new US processing facility

On Monday, Australia's Lynas Corp, the rare earths producer, signed a MoU with Blue Line Corp seeking to build up a facility of rare earths separation in the United States.

Mon, 20 May 2019 11:34:29 GMT

Abertis likely to sell stakes in motorway units

Spain's Abertis is considering its minority stake sale in some motorway units, including the 35% in France's unit Sanef in A65, according to Reuters sources.

Mon, 20 May 2019 10:20:53 GMT

Carrefour explores stake sale in China business

The EU biggest retailer Carrefour is considering a minority stake sale in the loss-making Chinese business, which is valued at $1.0B in total, already looking for potential buyers and hiring BNP Paribas to advise the company on the deal, according to Reuters.

Mon, 20 May 2019 10:16:14 GMT

Australia's Scentre sells majority stake in Sydney's mall

Australia's Scentre Group stated that Perron Group, its privately owned property investor, would acquire a 50% majority stake in the Sydney shopping centre for $396M.

Mon, 20 May 2019 09:35:47 GMT

Aspen sells Australia's prescription portfolio

South Africa's Aspen Pharmacare sold its Australian prescription portfolio to Mylan NV in a deal valued at $130M, the drugmaker announced on Monday.

Mon, 20 May 2019 08:21:06 GMT

Purplebricks appoints new interim boss

On Monday, Purplebricks Group has appointed Phil Felice as the company's new interim CEO of the US operations to oversee its online business review, expressing optimism about its future.

Mon, 20 May 2019 08:17:40 GMT

Google halts business with Huawei

Google suspended some business with China's Huawei that requires software, hardware an technical services transfer, except publicly available ones, as it had been included in the US President Donald Trump's blacklist, Reuters reported on Sunday.

Mon, 20 May 2019 07:00:27 GMT

Cray confirms acquisition by Hewlett Packard

The supercomputer manufacturer Cray confirmed it would be acquired by Hewlett Packard Enterprise in a net or cash deal valued at $1.30B, with HPE seeking to expand its presence in federal business and academia.

Mon, 20 May 2019 06:55:51 GMT

Wynn Resorts plans Massachusetts casino sale

Wynn Resorts has entered talks over a sale of its almost finished Massachusetts casino to its competitor MGM Resorts International, in a potential deal worth $2.6B, both groups announced on the weekend.

Mon, 20 May 2019 06:39:55 GMT

Lions Gate offers Starz to CBS for $5.5M

Lions Gates Entertainment has offered its cable channel Starz to be sold to CBS Corp in a potential deal worth $5.5M, after rebuffing its earlier bid about six months ago, according to Reuters.

Mon, 20 May 2019 06:35:38 GMT

Carlyle considers 25% stake sale in US oil export project

Carlyle Group is in talks with three pipelines and terminals firms, as the company considers a 25% stake sale in its Texas's Corpus Christi crude oil export project for $625M, sources reported on Monday.

Mon, 20 May 2019 05:02:44 GMT

Asian shares remain stable

Asian shares remained stable on Monday, as traders and investors tried to digest another week of trade tensions between China and the United States.

Mon, 20 May 2019 05:02:31 GMT

Australian Dollar edges higher on Monday

The AUD/USD pair rose by 0.80% on Monday. The currency pair upward swing came after Australia's Centre-right Liberal National Party booked a surprise victory in the country's general elections.

Mon, 20 May 2019 04:07:24 GMT

Japan's economy accelerates in January

The Japanese economy grew at an annualised 2.1% in the Q1, driven by contributions from exports. However, the growth was overshadowed by weak domestic spending.

Mon, 20 May 2019 04:03:45 GMT

Crude oil prices surge on Monday

Crude oil prices got off to a steady start on Monday after the Organization of the Petroleum Exporting Countries indicated that it would maintain supply cuts.

Sun, 19 May 2019 19:57:22 GMT

Lockheed Martin secures $1.1B US defence contract

Lockheed Martin's Sikorsky has secured a $1.1B agreement for 12 CH-53K King Stallion helicopters from the Pentagon, the company reports.

Sun, 19 May 2019 19:57:15 GMT

US State Department approves $314M missile sale to South Korea

The US State Department has approved a $314M air defence missile sale to South Korea, the Pentagon reports.

Sun, 19 May 2019 19:10:25 GMT

Saudi crown prince and Pompeo discuss regional developments

Saudi Arabia's crown prince and the US Secretary of State Mike Pompeo on Sunday discussed security and stability in the region.

Sun, 19 May 2019 19:09:50 GMT

ECB wants higher inflation

Inflation in the euro area is not at the level of 2% the ECB wants it to be, the ECB policy maker Klaas Knot says.

Sun, 19 May 2019 18:02:15 GMT

Poll: Bank of Israel to hold rate at 0.25%

Israel's central bank is widely expected to keep the key rate unchanged at 0.25%  for a fourth consecutive month amid a strengthening shekel.

Sun, 19 May 2019 18:01:54 GMT

Zimbabwe central bank secures $500M

Zimbabwe's central bank has received a $500M loan from international banks to assist interbank currency trading and ease dollar shortages, the Governor John Mangudya says.

Sun, 19 May 2019 17:03:25 GMT

Cuba, Turkey to strengthen ties

The Cuban Foreign Minister Bruno Rodriguez met with his Turkish counterpart Mevlut Cavusoglu on Saturday to discuss improvement of bilateral relations.

Sun, 19 May 2019 17:03:17 GMT

Merkel: Croatia euro ambitions realistic

Croatia is on track to join the European common currency area of 19 countries by 2024, the German chancellor Angela Merkel says.

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