News

Note: This section contains information in English only.
Tue, 09 Apr 2019 19:20:28 GMT

France views US, Chinese partnerships for St Gobain factory

Bruno Le Maire, France's Finance Minister, stated he was exploring all potential options for the St Gobain Pont-A-Mousson factory, including deals with a US fund or a Chinese partner.

Tue, 09 Apr 2019 19:16:54 GMT

Qatar plan for Deutsche Bank stake gets stalled

The Qatari sovereign wealth fund's plan to invest in the German lender Deutsche Bank stalled, as Qatar's officials have not yet provided necessary documentation that could derail the potential investment.

Tue, 09 Apr 2019 18:32:19 GMT

Newlat shows interest in food brand Plasmon

Italy's Newlat expressed its interest in purchasing Plasmon, the infant food brand held by the US giant Kraft Heinz, Newlat's adviser stated on Tuesday, adding the company seeks to expand its food brands portfolio.

Tue, 09 Apr 2019 18:28:31 GMT

Sports Direct waives plan to acquire Debenhams

Sports Direct, owned by the billionaire Mike Ashley, stated it had dropped its plan to acquire Debenhams, as lenders took full control of the British retailer on Tuesday.

Tue, 09 Apr 2019 16:52:01 GMT

Bitstamp receives license in New York

The biggest European digital asset exchange Bitstamp has received a license from the Department of Financial Services in New York.

Tue, 09 Apr 2019 16:51:52 GMT

Qualcomm loses case against EU regulators

On Tuesday, the US chipmaker Qualcomm lost in court against the EU regulators. The company will have to provide EU authorities with data.

Tue, 09 Apr 2019 15:42:27 GMT

Aramco will raise $12 with bond

On Tuesday, Saudi Aramco announced that it will raise $12 billion with a thirty year bond. Saudi Aramco offers 55 basis points above US Treasuries.

Tue, 09 Apr 2019 15:42:19 GMT

Aramco sets bond demand record

The Saudi Arabian state oil company Saudi Aramco announced on Tuesday that its bond issue had received offers totalling $100 billion. This is the largest demand for a bond in history.

Tue, 09 Apr 2019 15:19:09 GMT

China promises equal treatment for EU companies

The Premier of China Li Keqiang announced that he promises the EU that its companies will no longer have to share sensitive know-how to operate in China.

Tue, 09 Apr 2019 15:18:04 GMT

Ford will close independent business in India

On Tuesday, Reuters announced that Ford will form a joint venture in India with Mahindra and Mahindra. The deal will end Ford's independent business in India.

Tue, 09 Apr 2019 14:35:58 GMT

Court grants creditor protection to Cavalli

Italy's troubled fashion house Roberto Cavalli has received creditor protection from a Milan court, gaining 120 extra days to release its turnaround plan, Reuters reported.

Tue, 09 Apr 2019 14:32:14 GMT

Caixin Media seeks to attract $200M

China's Caixin Media Company is planning to raise about $200M in its latest round of funding, seeking to finance the firm's growth, people close to the matter stated on Tuesday.

Tue, 09 Apr 2019 13:24:23 GMT

Telenor head meets DNA's management

On Tuesday, Telenor's CEO Sigve Brekke has held a meeting with DNA's Chief Executive, Chief Financial Officer and Chairman in Helsinki, after its bidding for the company's 54% stake.

Tue, 09 Apr 2019 13:18:34 GMT

Lenders take control of UK's Debenhams

Creditors in Debenhams has taken control over the British department store chain on Tuesday, wiping out its shareholders, including the billionaire Mike Ashley after he failed to acquire the company.

Tue, 09 Apr 2019 12:37:31 GMT

Principal Financial to acquire Wells Fargo's unit

Principal Financial Group, the financial services provider, is set to take over Wells Fargo's institutional retirement business in a deal valued at $1.2B, Principal stated on Tuesday.

Tue, 09 Apr 2019 12:32:44 GMT

Grab plans another $2.0B funding round

The ride-hailing service Grab is seeking to attract another $2.0B within this year to accelerate its expansion, a few weeks after announcing over $4.5B of funding, the firm's CEO Anthony Tan stated on Tuesday.

Tue, 09 Apr 2019 11:38:45 GMT

Wynn Resorts makes takeover bid for Crown

Wynn Resorts, the second casino operator in the world, has made an A$10B takeover approach for the Australian company Crown Resorts, as it seeks to expand outside Asia.

Tue, 09 Apr 2019 11:35:35 GMT

Apollo seeks Verallia to launch IPO

The buyout group Apollo is seeking the French bottle maker Verallia to launch an initial public offering during this year, in a listing that could value Verallia at over $4.5B.

Tue, 09 Apr 2019 10:16:04 GMT

US proposes tariffs on EU goods

In an effort to retaliate for Airbus subsidies, the US government has proposed to tariff a list of EU goods.

Tue, 09 Apr 2019 10:14:57 GMT

China reviews anti-dumping tariffs

On Tuesday, the China's Ministry of Commerce announced that it will review the country's anti-dumping tariff policy on US imports. The approval of new rules could cause a surge in global stock prices.

Tue, 09 Apr 2019 09:21:15 GMT

UAE's Finablr seeks for London IPO worth $200M

UAE's payments and forex firm Finablr is exploring a potential London flotation that could attract no less than $200M, as the company seeks to cut its debt and finance its expansion.

Tue, 09 Apr 2019 09:21:03 GMT

Airbus sees no legal basis for US sanctions

On Tuesday, the EU jet maker Airbus stated the United States has no legal basis to impose trade sanctions on the company's aircraft, after Washington included them in the list of the Euroepan products on which it would impose tariffs.

Tue, 09 Apr 2019 07:55:41 GMT

Versum backs Merck's sweetened $6.5B bid

Merck KGaA won Versum's board support for the sweetened $6.5B takeover offer, overturning the planned merger deal with its competitor Entegris, as it to recover in the electronic materials markets.

Tue, 09 Apr 2019 07:55:31 GMT

Telenor to take controlling stake in Finland's DNA

Telenor, the Norwegian mobile operator, is set to acquire a 54% controlling stake in the Finnish telecoms company DNA in a deal valued at $1.69B, it announced on Tuesday.

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