News

Note: This section contains information in English only.
Tue, 05 Sep 2017 13:55:44 GMT

Nasdaq closes $705M acquisition deal with eVestment

The US exchange operator Nasdaq is set to buy the investment analytics provider eVestment Alliance in a deal worth $705M, seeking to broaden its reach to the buy-side clients.

Tue, 05 Sep 2017 13:33:11 GMT

Newspaper firm Tronc acquires NY Daily News

The Los Angeles Times and Chicago Tribune owner Tronc stated it had bought Mort Zuckermann's New York Daily News, not disclosing the price of a deal.

Tue, 05 Sep 2017 13:15:23 GMT

BoE closes deal with Unite to bring pay dispute to end

On Tuesday, the Bank of England reached a deal with the Unite trade union to bring a pay dispute with its staff to an end, following the central bank's first employee strike in over 50 years.

Tue, 05 Sep 2017 12:33:45 GMT

Lego to phase out 8% staff as sales fall

Lego will cut 1.4K of its staff to revamp the business, following a record-low 5% sales drop in over a decade, the company announced on Tuesday.

Tue, 05 Sep 2017 12:25:14 GMT

Germany's Lilium raises $90M from Tencent, others

A German start-up Lilium, which is aimed to develop a five-passenger "flying taxy", raised a $90M round of funding from China's Internet giant Tencent and other top tech investors.

Tue, 05 Sep 2017 11:11:06 GMT

Merkel urges for more sanctions on North Korea

On Tuesday, Germany's Chancellor Angela Merkel will urge for more sanctions against North Korea at the EU meeting with the Foreign Ministers over the Asian country's nuclear ICBM programme.

Tue, 05 Sep 2017 11:11:04 GMT

LME trading fees may be scaled down

The London Metal Exchange trading fees will likely be reduced to boost liquidity at the world's largest and oldest industrial metal market.

Tue, 05 Sep 2017 10:14:40 GMT

South Korea supports talks with North Korea

On Tuesday, the South Korean President Moon Jae-in that confirmed that he and his country are open to any form of talks with North Korea. However, then he added that now is not the time.

Tue, 05 Sep 2017 10:14:33 GMT

Hyundai suffers from another supply disruption

On Tuesday, the South Korean Hyundai was forced to halt production on one of its plants in China after another supplier refused to deliver goods due to late payment.

Tue, 05 Sep 2017 09:29:17 GMT

Turkey's official to visit Bangladesh over Myanmar fights

The Foreign Minister of Turkey Mevlut Cavusoglu is eager to travel to Bangladesh amid official meetings over the fighting in Myanmar as Muslim-majority countries urge to stop violence against Rohingya.

Tue, 05 Sep 2017 08:51:47 GMT

Angry Birds' Rovio seeks for IPO to raise growth

The maker of "Angry Birds" mobile game Rovio Entertainment is seeking for an initial public offering as it aims to raise about $36M and make acquisitions, potentially using the company's shares.

Tue, 05 Sep 2017 08:27:42 GMT

Egypt tourism revenues jump 170% by August 2017

According to the Egypt's government officials, the country's tourism revenues soared by 170% in the time period from January 2017 to July 2017, reaching $3.5B.

Tue, 05 Sep 2017 08:17:21 GMT

Russia have right to reduce US diplomats in Moscow

The Russian President Vladimir Putin stated on Tuesday that Russia might order the US to further cut the number of its diplomatic staff in Moscow, but was not eager to do it at that time.

Tue, 05 Sep 2017 07:34:16 GMT

Japan Airlines aircraft makes emergency touchdown in Tokyo

On Tuesday, a Japan Airlines plane had to make an emergency landing at Haneda Airport in Tokyo soon after take-off amid an apparent bird strike.

Tue, 05 Sep 2017 07:27:35 GMT

Taiwan names new Premier to drive reforms

Taiwan appointed its new Premier William Lai on Tuesday, the President Tsai Ing-wen stated during a news conference, as she moved to strengthen declining public support.

Tue, 05 Sep 2017 06:31:07 GMT

United Tech to acquire Rockwell Collins

The aerospace supplier United Tech clinched a $30B deal to acquire avionics and interiors producer Rockwell Collins, the companies stated on Monday.

Tue, 05 Sep 2017 02:53:38 GMT

Austrian FACC receives €500M order from Airbus

Austrian aircraft parts produced FACC received a new order from Airbus with a total value of €500M to produce ceiling panels and overhead luggage compartments.

Tue, 05 Sep 2017 02:53:04 GMT

Japan services sector expands at a slowest pace in six months

Services sector in Japan marked the weakest performance in six months, as the Markit PMI dropped to seasonally adjusted rate of 51.6 in July, when new orders growth pace eased.

Tue, 05 Sep 2017 02:04:01 GMT

Argentina looks for $9.5B private funds for water infrastructure

Argentina suggested private companies to submit proposals for financing and building $9.5B worth water infrastructure projects in attempt to cut the government's wide fiscal deficit.

Tue, 05 Sep 2017 02:03:10 GMT

Taxify to compete with Uber in London

Estonian start-up Taxify is set to take on Uber in London's taxi-hailing market, as 3,000 private taxi drivers signed a contracts after proving they met licensing requirements.

Mon, 04 Sep 2017 19:57:25 GMT

IEA chief says oil stock release not yet needed after Harvey

The Director of the International Energy Agency Fatih Birol noted on Monday that stock release was not yet needed, as no oil shortage due to Hurricane Harvey was recorded.

Mon, 04 Sep 2017 19:56:46 GMT

US House to discuss relief package for Harvey victims

The US House of Representatives is to consider on Wednesday the provision of a relief package for victims of Hurricane Harvey.

Mon, 04 Sep 2017 18:53:28 GMT

Spain advises Catalonia not to empower its tax agency

The Spanish central government advised Catalonia on Monday not to empower its new tax agency that might result in criminal proceedings and sanctions for local companies.

Mon, 04 Sep 2017 18:52:02 GMT

New York Governor considers suing Trump over immigrant program

The Governor of New York Andrew Cuomo said on Monday that he would sue the US President Donald Trump if he removed a program that protects illegal immigrants from deportation.

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