News

Note: This section contains information in English only.
Tue, 11 Sep 2018 08:56:34 GMT

ING head to resign amid $900M money laundering fine

On Tuesday, IMG Groep announced its CEO Koos Timmermans was set to step down from his post after being fined $900M by the Dutch prosecutors for money laundering.

Tue, 11 Sep 2018 08:55:51 GMT

Oil services firm CGG to delist US shares

CGG, the oil services group, is planning to delist its US shares, as the company finds the NYSE listing too expensive, it stated on Tuesday.

Tue, 11 Sep 2018 07:53:46 GMT

Shares of Unliver's single holding firm to start tarding by 2018-end

Unilever, the consumer goods titan, stated that it is planning to complete simplifying its owner's structure from the Dutch and two British legal entities into a single holding company in December this year, when shares start trading.

Tue, 11 Sep 2018 07:53:02 GMT

Grab ties up with Vietnam's MOCA over payment service

On Tuesday, Grab announced it has partnered with the Vietnamese service and technology firm MOCA over a mobile payment service in the country, as the ride-hailing company aims to strengthen its position in Vietnam.

Tue, 11 Sep 2018 07:38:09 GMT

Alcon set to move HQ to Geneva

Novartis' eyecare unit Alcon is set to move its headquarters currently located in Dallas, Texas to Switzerland's city of Geneva, the company's owner announced on Tuesday.

Tue, 11 Sep 2018 06:39:46 GMT

Britain's Elementis to buy Mondo Minerals for price $100M less than agreed

On Tuesday, the British specialty chemicals firm Elementis said it would acquire Mondo Minerals from the US private equity group Advent International for $500M, which was $100M less, than the firm had agreed earlier.

Tue, 11 Sep 2018 06:36:21 GMT

SandRidge Energy drops all takeover bids

SandRidge Energy, the US shale oil producer, stated on Monday it had finalised its strategic review, rejecting all takeover bids, as it saw the offers undervaluing the company.

Tue, 11 Sep 2018 04:40:01 GMT

North Korea requests a meeting with Trump

The leader of North Korea on Monday sent a letter to the US President Donald Trump asking for a second meeting.

Tue, 11 Sep 2018 04:39:26 GMT

Pound continues to surge due to Brexit

As politicians close in on a Brexit deal, the British Pound continues to appreciate in value against other currencies.

Tue, 11 Sep 2018 04:30:23 GMT

Asian markets continue to decline

On Tuesday, Asian stock markets continued to decline for the ninth straight session. Financial media once more blamed trade war fears.

Tue, 11 Sep 2018 04:29:49 GMT

Boeing increases plane purchase forecast

On Tuesday, Boeing increased its forecast for plane purchases in China for the next twenty years to 7,690 planes, which would be worth $1.2 trillion.

Tue, 11 Sep 2018 03:35:39 GMT

Britain rises funding for low emissions cars

The UK announced on Monday an extra $138M in funding aimed to help boost the environmentally-friendly vehicles, low-carbon technology and batteries' research and development.

Tue, 11 Sep 2018 03:31:55 GMT

Australian coal exports at record high in August

Australian Bureau of Statistics' report released on Tuesday showed that the value of thermal coal exports increased 14% in July to $1.74B.

Tue, 11 Sep 2018 02:31:05 GMT

Australian business conditions improve in August

An index of Australia's business conditions rebounded last month, as companies reported improved profits and sales, though confidence softened in reaction to political unclarity, as the country's PM fell to a party vote.

Tue, 11 Sep 2018 02:26:03 GMT

Renesas to buy IDT for $6.7B

Japan's chipmaker Renesas Electronics stated that it agreed to buy Integrated Device Technology for about $6.7B, aiming to boost the company's expertise in self-driving car technologies.

Mon, 10 Sep 2018 20:09:35 GMT

US grants approval for potential $3.1B sale of E-2D Hawkeye jets

The US State Department has granted its approval for a possible sale of the nine E-2D Advanced Hawkeye aircraft for about $3.135B to Japan, the Pentagon announced on Monday.

Mon, 10 Sep 2018 20:02:24 GMT

Ryanair's pilots in Germany to launch strike on Wednesday

On Monday, Vereinigung Cockpit, the German pilots' union, has called a day-long strike that would affect all the Ryanair flights out of Germany this Wednesday, as the pilots protest against wages and work conditions at the Irish carrier.

Mon, 10 Sep 2018 19:39:46 GMT

Chinese transport ministry to launch checks on ride-sharing industry

On Monday, China's transport ministry stated it would launch checks on the industry of ride-hailing through the 2018-end, trying to revive the fast-growing sector.

Mon, 10 Sep 2018 18:37:25 GMT

Riot Blockchain appoints new CEO after previous head faces fraud charges

The biotechnology company Riot Blockchain has appointed new Chief Executive Officer on Monday, as its former boss had been accused of the involvement in a fraud related to security.

Mon, 10 Sep 2018 18:33:06 GMT

Michael Klein, BAML become PIF advisers on SABIC sale

The Saudi Arabian Public Investment Fund has picked Michael Klein and Bank of America Merrill Lynch to advise on its stake sale in the petrochemicals company SABIC to the state oil firm Saudi Aramco.

Mon, 10 Sep 2018 17:30:18 GMT

Network Rail to sell its $2.0B worth commercial property portfolio

Britain's Network Rail is planning to sell its $1.9B worth commercial property portfolio to Telereal Trillium, the property outsourcing company, and an affiliate of Blackstone Group, as it seeks to fund the railway improvements.

Mon, 10 Sep 2018 17:24:43 GMT

Volvo Cars delays IPO amid auto stocks down turn, trade tensions

Volvo Cars together with its owner Geely have delayed their planned initial public offering in Sweden's market due to the automotive stocks downturn and trade tensions.

Mon, 10 Sep 2018 16:59:39 GMT

Britain's GDP grows 0.3% in July

The British GDP monthly report published by the NBS revealed that the economy grew 0.3% month-on-month in July, above expectations for a 0.2% rise.

Mon, 10 Sep 2018 16:59:18 GMT

EDF: France's nuclear power production falls 4.5% in August

The French nuclear electricity output dropped 4.5% year-over-year in August amid a unplanned outages' higher volume, EDF stated on Monday.

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