News

Note: This section contains information in English only.
Tue, 05 Mar 2019 11:10:58 GMT

German officials comment on Macron's ideas

On Tuesday, German government officials announced that the government is supporting the French President's Emmanuel Macron's ideas about the future of the EU.

Tue, 05 Mar 2019 10:37:59 GMT

Total takes 10% stake in Arctic LNG 2

Total agreed to acquire a 10% stake of the Russian Novatek's Arctic LNG 2 project, as France's energy firm seeks expansion into the Asian market.

Tue, 05 Mar 2019 09:30:05 GMT

UK Findel drops Sports Direct's takeover offer

On Monday, Findel rejected a takeover approach made by the sports good retailer giant Sports Direct, claiming its offer had significantly undervalued the British educational and online business.

Tue, 05 Mar 2019 09:21:44 GMT

Evonik to sell acrylic sheet unit for €3.0B

Germany's chemicals group Evonik Industries agreed on a sale of its acrylic sheet unit to the buyout firm Advent in a deal worth €3.0B, after a year it had made a decision to sell the business.

Tue, 05 Mar 2019 08:06:56 GMT

Barrick ready to discuss Nevada JV with Newmont

Barrick Gold's CEO Mark Bristow stated he was open to discuss a possible Nevada joint venture proposed by Newmont, despite his company was seeking an $18B takeover deal with Newmont's shareholders.

Tue, 05 Mar 2019 07:58:27 GMT

Purdue Pharma may file for bankruptcy

Purdue Pharma, the maker of OxyContin, is considering to file for bankruptcy, seeking to address significant liabilities from about 2K lawsuits alleging it contributed to thew US deadly opioid crisis.

Tue, 05 Mar 2019 07:39:16 GMT

Belle International hires BAML for its unit HK IPO

Belle International, China's footwear retailer, selected BAML as an adviser for its Hong Kong IPO of the company's sportswear business unit, planned for this year.

Tue, 05 Mar 2019 07:35:35 GMT

Cathay Pacific seeks buying HK Express Airways stake

Cathay Pacific Airways, Hong Kong's flagship airline, announced on Tuesday it had entered talks to acquire a stake in HNA's budget carrier Hong Kong Express Airways, expecting the agreement to be reached soon.

Tue, 05 Mar 2019 05:40:47 GMT

Ex-chairman of Nissan gets released

Japanese authorities announced on Tuesday that the ex-chairman of Nissan Motor Company Carlos Ghosn has been granted bail. Ghosn had been detained for more than three months.

Tue, 05 Mar 2019 05:40:41 GMT

Chinese Caixin PMI reaches low level

On Tuesday, the Caixin Purchasing Manager Index, which surveys the situation in the services sector, revealed that the services industry has fallen down to 51.1. The number reveals that growth has slowed down.

Tue, 05 Mar 2019 05:31:03 GMT

Donald Trump scraps preferential treatment of India

The President of the United States on Tuesday announced that he will end the preferential trade agreement with India. Due to this decision $5.6 billion worth of goods should be taxed.

Tue, 05 Mar 2019 05:30:35 GMT

USD stays near two-week high

On Tuesday, the US Dollar fluctuated near a two week high level. The USD has been surging since the Federal Reserve revealed that Quantitative Tightening will continue throughout this year.

Tue, 05 Mar 2019 04:23:13 GMT

Google to ban political ads ahead of election in Canada

Alphabet's Google is set to ban political ads on the platform before Canada's federal election, after the country introduced stringent rules of transparency.

Tue, 05 Mar 2019 04:19:53 GMT

China to cut taxes, rise lending to shore up economy

China is set to cut billions of dollars in fees and taxes, step up infrastructure investment and increase lending to small firms, as the government rises stimulus to shore up the economy growing at the weak pace.

Mon, 04 Mar 2019 20:49:56 GMT

Indonesia, Australia sign trade agreement

Indonesia and Australia signed a free trade deal on Monday after several years of negotiations, the Australian Minister of Trade, Tourism and Investment Simon Birmingham says.

Mon, 04 Mar 2019 20:49:22 GMT

Greece to issue 10-year bonds

Greece's Public Debt Management Agency reached international banks to issue 10-year sovereign bonds, the first such issue in nine years.

Mon, 04 Mar 2019 20:37:37 GMT

Philippines debt reaches record high

The outstanding debt of the Philippines reached a record high of $144.74B at the end of January, the Philippine Bureau of Treasury reports.

Mon, 04 Mar 2019 20:36:50 GMT

Kenya forex reserves increase

Kenya's forex reserves increased by $87M the previous week to $8.196B from $8.109B, the Central Bank of Kenya reports.

Mon, 04 Mar 2019 19:04:43 GMT

Qatar, Russia discuss Syria, Libya

Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and the Russian Foreign Minister Sergey Lavrov discussed the latest developments in Libya and Syria on Monday.

Mon, 04 Mar 2019 19:03:59 GMT

China rail freight expands

The Chinese rail freight volume, an indicator of economic activity, increased in January to 368M tonnes, the National Railway Administration reports.

Mon, 04 Mar 2019 18:27:34 GMT

Spain unemployment rises

The Spanish unemployment increased slightly by 0.1% in January to 3,289,040 people, the Spanish government reports.

Mon, 04 Mar 2019 18:26:50 GMT

Zimbabwe secures $1B funding to boost economy

Zimbabwe has attracted $985M of foreign investment the previous year to boost the economy, the Reserve Bank of Zimbabwe Governor John Mangudya says.

Mon, 04 Mar 2019 17:26:16 GMT

China to cut highest rate of VAT

China announced plans to cut the VAT rate, which covers the manufacturing sector by 3% points, Bloomberg stated on Monday, citing sources familiar with the matter.

Mon, 04 Mar 2019 17:24:19 GMT

Philippine debt at new high in January

The outstanding debt of the Philippines hit $144.74B at the end of January, as the government borrowed more abroad and locally, the BTr stated on Monday.

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