News

Note: This section contains information in English only.
Mon, 11 Mar 2019 12:38:19 GMT

Levi Strauss plans raising $587M in IPO

On Monday, Levis Strauss & Co said it was hoping to attract about $587M via the initial public offering that marks the jeans maker return to global markets.

Mon, 11 Mar 2019 10:48:27 GMT

Japan blocks ex-Nissan boss from attending meeting

On Monday, a Tokyo court denied the request of the ex-chairman of Nissan to attend the company's this week's board meeting.

Mon, 11 Mar 2019 10:47:44 GMT

Global stocks surge on Monday

After suffering the biggest loss of value during the last week, on Monday, global stock prices surged due to news of economic stimulus being prepared in China.

Mon, 11 Mar 2019 10:35:17 GMT

Glencore strikes deal with Canadian unit Noranda

Glencore, the global miner and trader, signed a deal with Noranda Income Fund, its Canadian subsidiary, on the terms of the annual zinc treatment charges, not disclosing the fees.

Mon, 11 Mar 2019 10:32:02 GMT

Tesla to lift its high-end vehicle prices

Tesla announced it would raise worldwide prices of the electric carmaker's high-end vehicles, such as Model S, Model X and Model 3, by around 3% amid its plan to keep more open retail stores than it was initially planned.

Mon, 11 Mar 2019 09:24:00 GMT

CGI makes $459M cash-bid for Amanda

On Monday, Canada's IT consultancy CGI has made a recommended $459M cash proposal for the Swedish peer Acando with intention to boost its growth strategy and strengthen the company's capabilities in the Northern Europe.

Mon, 11 Mar 2019 09:19:27 GMT

Advent scraps takeover offer for Cerved

The buyout fund Advent scrapped its takeover proposal for Cerved, Italy's credit data provider, following the news leakage to the market, the company stated on Monday.

Mon, 11 Mar 2019 07:57:46 GMT

OneSavings, Charter Court in merger talks

The British challenger banks OneSavings and Charter Court Financial Services have entered the advanced talks over a potential all-share merger deal, both companies announced in a statement on Monday.

Mon, 11 Mar 2019 07:47:29 GMT

Switzerland's Medacta plans IPO this year

On Monday, Medacta Group SA, the Swiss medical device producer, stated it was planning an initial public offering during this year's second quarter, as it sought to expand the company's footprint internationally.

Mon, 11 Mar 2019 07:39:15 GMT

GCP close to board deal with Starboard

GCP Applied Technologies, the US construction materials supplier, is moving closer to signing a deal with Starboard Value, the activist hedge fund, over its board composition, sources reported.

Mon, 11 Mar 2019 07:35:26 GMT

Brazil's Caixa seeks raising $3.9B in IPO

Brazil's Caixa Economica Federal seeks to attract $3.88B through its credit card, lottery, asset management and insurance subsidiaries listing, the bank's CEO Pedro Guimaraes said in an interview to the O Globo newspaper.

Mon, 11 Mar 2019 06:26:56 GMT

Newcrest acquires Canada's mine in $807M deal

Newcrest Mining, the Australian gold miner, is set to acquire the Canadian gold and copper mine for $806.5M, opening the door to more acquisitions, the company's CEO Sandeep Biswas stated on Monday.

Mon, 11 Mar 2019 06:21:48 GMT

UBS, StanChart near settlement to to HK IPO case

Standard Chartered and UBS Group agreed to settle the alleged misconduct connected to the Hong Kong initial public offering, which took place in 2009, the market regulator counsel stated on Monday.

Mon, 11 Mar 2019 05:28:54 GMT

Nvidia close to take over Mellanox Technologies

Nvidia Corp is close to acquire the peer Mellanox Technologies in a cash-deal worth over $7.0B that should boost the chipmaker's business and allow the company to cut its reliance on the industry of video games.

Mon, 11 Mar 2019 05:22:59 GMT

Alibaba takes 14% stake in China's STO Express

China's e-commerce giant Alibaba Group Holding is set to acquire a 14% stake in the local courier firm STO Express for $693M, marking its fourth significant investment in the company and sending STO Express's shares up over 10%.

Mon, 11 Mar 2019 04:21:35 GMT

Trump budget to propose 5% cut in non-defence spending

The US President Donald Trump is set to propose in his budget for 2020 that the US Congress cut non-defence spending 5%, while rising spending on the military, border security and veterans' healthcare, the White House budget office stated.

Mon, 11 Mar 2019 04:19:15 GMT

Vodafone's NZ unit suggests redundancy to 2K staff

Vodafone's unit offered voluntary redundancy to nearly 2K of staff in New Zealand, the company stated, within plans to review the business before a possible stock market listing in 2020.

Mon, 11 Mar 2019 03:30:11 GMT

Israeli GDP grows 3.3% in 2018

Israel's gross domestic product rose 3.3% in the year of 2018, while the budget deficit took up 3.1% of GDP, according to the report the state's Statistics Central Bureau.

Mon, 11 Mar 2019 03:26:42 GMT

BoE tells British lenders to triple liquid assets' amount before Brexit

The Bank of England told some British lenders to triple the easy-to-sell assets' amount held to help them with any no-deal Brexit crisis, the FT reported, citing sources familiar with the situation.

Sun, 10 Mar 2019 20:59:28 GMT

Venezuela enters fourth day of blackout

As Venezuelans continued to protest and the country's capital was in a blackout on Sunday, Nicolas Maduro made an announcement. In the announcement the President blamed the US for the blackout.

Sun, 10 Mar 2019 20:59:18 GMT

President of Mexico sets new record

On Sunday, it was announced that the President of Mexico has set a new public relations record. The President has spent more time on press relations during his first three months of presidency than the preceding President did during his six year term.

Sun, 10 Mar 2019 19:47:21 GMT

Trump's advisor comments on North Korea

On Sunday, an advisor of the US President Donald Trump announced that the third summit with North Korea most likely will take a longer time to be arranged.

Sun, 10 Mar 2019 19:47:14 GMT

Iranian Oil Minister denies mismanagement

On Sunday, the Oil Minister of Iran denied the allegations of mismanagement that have been expressed by the former President of Iran. The ex-President Mahmoud Ahmadinejad recently announced that the country has not received $30 billion in oil revenues.

Sun, 10 Mar 2019 18:46:25 GMT

France will tie pensions to inflation

As the yellow vests continued to protest during the weekend, the head of the French ruling party announced that pension rises for the poor are set to be linked with inflation.

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