News

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Sat, 13 Apr 2019 02:51:41 GMT

Mirziyoyeva appointed as deputy head of state agency

Saida Mirziyoyeva, the daughter of Uzbekistan President Shavkat Mirziyoyev, has been named as the deputy head of state media agency.

Sat, 13 Apr 2019 02:51:33 GMT

Wall Street edges higher

US stocks ended Friday's trading with an upside momentum, boosted by gains in Walt Disney and JPMorgan shares.

Sat, 13 Apr 2019 02:31:26 GMT

Bristol-Myers's shareholders vote to approve takeover of Celgene

Bristol-Myers Squibb Co's announced on Friday that its shareholders have voted to approve the takeover of Celgene Corp.

Sat, 13 Apr 2019 02:30:16 GMT

US and Mexico review NAFTA replacement

The US government officials and business leaders met with its Mexican counterparts on Friday to discuss NAFTA replacement and border delays.

Fri, 12 Apr 2019 20:08:43 GMT

ECB model indicates Eurozone's economic could slow further

According to sources with knowledge of the discussion, an internal ECB model suggests that the Eurozone economic growth is likely to slow further in the Q2.

Fri, 12 Apr 2019 20:08:03 GMT

Mexican government will not roll back energy reform

On Friday, a senior US official said that the new Mexican government does not plan to roll-back an energy reform passed by the previous administration.

Fri, 12 Apr 2019 19:00:17 GMT

US and Mexico discuss NAFTA replacement

The US government officials and business leaders met with its Mexican counterparts on Friday to discuss NAFTA replacement and border delays.

Fri, 12 Apr 2019 19:00:08 GMT

Scholz says multilateralism is under threat

Germany's Finance Minister Olaf Scholz said on Friday that world leaders must support international cooperation and the rules-based system of multilateralism is under threat.

Fri, 12 Apr 2019 18:07:46 GMT

JPMorgan raises expectations for rivals

On Friday, JPMorgan Chase & Co's first-quarter better-than-expected earnings report lifted expectations that rival lenders would follow suit next week.

Fri, 12 Apr 2019 18:05:18 GMT

Secretary Pompeo and President Piñera discuss Venezuela's crisis

The President of Chile Sebastián Piñera and the US Secretary of State Mike Pompeo met on Friday to discuss the crisis in Venezuela.

Fri, 12 Apr 2019 16:51:26 GMT

US probes Nissan SUVs of unexpected braking

The US safety agency has launched an inquiry into the reports of potential unexpected braking in 675K Nissan Motor's Rogue vehicles produced during the 2017-2018 time period, the carmaker announced on Friday.

Fri, 12 Apr 2019 16:51:16 GMT

Bristol-Myers shareholders seek Celgene takeover approval

On Friday, Bristol-Myers Squibb's shareholders voted for approval of the drugmaker's $74.0B takeover of the biotech company Celgene Corp, despite Starboard Value's intention to scrap the deal.

Fri, 12 Apr 2019 15:52:39 GMT

Occidental offers $70/share bid for Anadarko

Occidental Petroleum has submitted its cash-and-stock offer worth $70 a share for the oil and gas exploration and production company Anadarko Petroleum, despite an agreement signed by Chevron to acquire Anadarko for $33.0B.

Fri, 12 Apr 2019 15:52:10 GMT

Ferretti hires investment banks for IPO

Ferretti, Italy's luxury yacht builder, has hired UBS, Barclays and BNP Paribas as its advisers for the planned initial public offering on the Milano Stock Exchange, sources familiar with the matter reported on Friday.

Fri, 12 Apr 2019 14:50:31 GMT

Deutsche Bank investor seeks chairman oust

Deutsche Bank's investor Riebeck-Brauerei is planning to file an AGM motion, seeking to oust the chairman Paul Achleitner at the annual meeting scheduled for this year.

Fri, 12 Apr 2019 14:50:20 GMT

China's Foton plans Ford plant takeover

Chinese firm Beiqi Foton Motor is considering to acquire the Ford Motor plant located in Brazil, a deal that should serve as an alternative to Foton's planned construction of its own factory in Guaiba.

Fri, 12 Apr 2019 14:37:24 GMT

Spain's ACS considers renewable unit IPO

On Friday, Spanish building company ACS hired banks to advise on its renewable energy unit's IPO, as it seeks to take advantage of the sector's competitive prices.

Fri, 12 Apr 2019 13:39:21 GMT

Italy's UNI Banca ready for M&A deals

Italy's lender UNI Banca stated it is open for any merger and acquisition opportunity, adding it would be interested to cooperate with Banco BPM or Monte dei Paschi di Siena.

Fri, 12 Apr 2019 13:36:27 GMT

Unilever to acquire P&G's toothpaste brands

On Friday, Unilever announced it would acquire Procter & Gamble's Parogencyl and Fluocaril toothpaste brands, not disclosing the financial terms of the deal.

Fri, 12 Apr 2019 13:16:47 GMT

ArcelorMittal's Essar Steel takeover halted

India's Supreme Court has halted ArcelorMittal's payment for Essar Steel purchase, delaying the entry of billionaire Lakshmi Mittal into the Indian fast-growing steel market.

Fri, 12 Apr 2019 12:36:22 GMT

Chevron to acquire Anadarko in $33B deal

On Friday, Chevron Corp announced it was set to acquire Anadarko Petroleum in a deal valued at $33B, boosting its presence in the LNG and shale oil production.

Fri, 12 Apr 2019 10:42:52 GMT

Oil prices set record

During Friday's trading session crude oil prices set a new record. The prices have had their best surge during the last three years.

Fri, 12 Apr 2019 10:42:23 GMT

HSBC directors take pension cut

On Friday, three board members of HSBC agreed upon their pensions being cut to 10% of their base salary instead of the previous 30%.

Fri, 12 Apr 2019 10:33:21 GMT

EY reported Danske Bank fraud

Ernst & Young auditing company announced on Friday that it had reported the Danske Bank fraud cases to the bank's authorities already in 2014.

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