News

Note: This section contains information in English only.
Mon, 04 Mar 2019 14:51:39 GMT

Portugal's EDP makes investment in Sepio Systems

The EU electricity giant Energias de Portugal announced a strategic investment into the US-Israeli cybersecurity firm Sepio Systems, not disclosing the financial terms of the deal.

Mon, 04 Mar 2019 14:33:31 GMT

Kakao, Tencent join bidders for Nexon

South Korea's largest chat operator Kakao and China's tech titan Tencent have joined other three bidders shortlisted to acquire Nexon, the South Korean gaming company.

Mon, 04 Mar 2019 14:25:38 GMT

BRG to close 27 restaurants in survival plan

Boparan Restaurant Group is set to shut down 27 out of 70 of its Ed's Easy Diner and Giraffe eateries on the back of the firm's survival plan, as it struggles from online competition.

Mon, 04 Mar 2019 13:09:33 GMT

Alibaba, Office Depot tie up over website

Alibaba Group Holdings and Office Depot teamed up over the co-branded e-commerce website, as both firms seek for selling opportunities in the small to medium businesses in North America.

Mon, 04 Mar 2019 13:08:42 GMT

Sports Direct proposes Findel's acquisition

On Monday, Sports Direct, owned by the UK retail businessman Mike Ashley, stated it had made an offer to acquire Britain's Findel in a deal that would value the online education and retail business at £139.2M.

Mon, 04 Mar 2019 12:11:54 GMT

Marsh, JLT consider aerospace unit's sale

Jardine Lloyd Thompson and Marsh & McLennan, its buyer, proposed a sale of JLT's global aerospace division to receive an approval from the EU for their takeover deal, the UK insurance broker announced on Monday.

Mon, 04 Mar 2019 11:54:18 GMT

China's Geely has no plans to invest in Iveco

Geely Automobile Holdings stated on Monday it had no intention to invest into the Italian truck manufacturer Iveco, owned by CNH Industrial, lifting the parent company's shares up 5% on speculations about a possible interest from Geely.

Mon, 04 Mar 2019 11:10:30 GMT

Huawei CFO sues Canada

The Chief Financial Officer of Huawei is suing the Canadian government, federal police and border agency for her arrest in December.

Mon, 04 Mar 2019 11:09:53 GMT

Venezuelan Oil Minister will visit Moscow

On Monday, it was announced that the Venezuelan Oil Minister will visit Russia to complete the moving of the Venezuelan state oil company's office to Moscow.

Mon, 04 Mar 2019 10:39:00 GMT

Tesla to roll out Model Y in mid-March

Tesla's Chief Executive Officer Elon Musk announced its carmaker would reveal its new Model Y SUV on March 14 at the LA Design Studio event, adding it was around 10% larger than Model 3 and would cost 10% more.

Mon, 04 Mar 2019 10:33:20 GMT

SpaceX launches rocket with unmanned US capsule

Elon Musk's SpaceX has launched an unmanned US capsule this weekend, called Crew Dragon, with a successful separation from the rocket eleven minutes later to start a journey to its space station.

Mon, 04 Mar 2019 09:36:44 GMT

Biogen to acquire Nightstar Therapeutics for $800M

On Monday, Biogen announced it would acquire Nightstar Therapeutics in the $800M worth cash-deal, amid company's intention to expand its footprint in the gene therapy market.

Mon, 04 Mar 2019 09:34:04 GMT

DataStax gears up for IPO this year

The data management platform, DataStax, is preparing to launch an initial public offering scheduled for the current year that could potentially value the firm at over $1.0B, sources with a knowledge reported.

Mon, 04 Mar 2019 08:06:45 GMT

India to induct Rafale jets in September 2019

The air force of India, B.S. Dhanoa, stated on Monday that 36 French Dassault Aviation-made Rafale combat jets will be inducted in September 2019, amid its plan to phase out the Soviet-era planes it currently owns.

Mon, 04 Mar 2019 07:56:57 GMT

Ted Baker announces CEO's immediate resignation

On Monday, Ted Baker announced its Chief Executive Officer Ray Kelvin would quit with immediate effect due to an inquiry into misconduct allegations, which the fashion retailer's head, however, denied.

Mon, 04 Mar 2019 07:20:37 GMT

Julius Baer takes stake in Mexico's NSC Asesores

Julius Baer acquired the extra 30% majority stake in NSC Asesores, the Mexican wealth manager, the Swiss bank reported on Monday, lifting its overall stake to 70%.

Mon, 04 Mar 2019 07:15:08 GMT

Gymboree Group sells assets to apparel retailers

According to bankruptcy court documents, The Children's Place is srt to acquire $76M in assets from Gymboree Group, while The Gap will acquire $35M worth assets, including Janie & Jackie chain owned by the struggling children's clothing retailer, which filed for bankruptcy in January.

Mon, 04 Mar 2019 04:21:27 GMT

AT&T to revamp digital arm of CNN

John Stankey, the AT&T executive, was planning to revamp digital operation of cable news network CNN, believing that it was not reaching the potential and requires more investment, the WSJ reported.

Mon, 04 Mar 2019 04:18:27 GMT

Australian economy at dry spell

Australia's businesses reported meagre increases in profits and wages for the December quarter of 2019, with incomes hitting a dry spell, which likely saw the whole country's economy struggle to expand.

Mon, 04 Mar 2019 03:35:37 GMT

BoJ to debate exit plan for monetary policy

Haruhiko Kuroda, the Bank of Japan Governor, stated that the Central Bank would communicate and debate at an appropriate timing over the exit plan from the ultra-loose monetary policy.

Mon, 04 Mar 2019 03:31:17 GMT

VOI raises $30M for expansion in Europe

Electric scooter sharing company VOI Technology raised $30M in a fundraising round since its establishment seven months ago for expansion in Europe and investment in research.

Sun, 03 Mar 2019 21:20:16 GMT

US Senate likely to stop Trump's border emergency

The Democrats could secure enough votes in the US Senate to end Donald Trump's border emergency declaration, as some of the Senators agreed to support such voting.

Sun, 03 Mar 2019 21:16:15 GMT

Trump to restrain drills to save money

The US President Donald Trump stated on Sunday that the reason behind the restriction of military drills with South Korea was cost reduction as well as the normalisation of relations with North Korea.

Sun, 03 Mar 2019 20:20:03 GMT

PSA warns of risks of CO2 cuts

The French automaker PSA stated on Sunday that the EU strategy to stimulate development of electric cars via CO2 emission cuts could leave nearly 13M workers without a job.

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