News

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Wed, 06 Mar 2019 04:07:18 GMT

Logitech sales to grow mid to high single-digit in FY 2020

Logitech International anticipated annual sales to grow at mid to high single-digit rate in constant currencies within the FY ending March 2020, the manufacturer stated.

Wed, 06 Mar 2019 03:35:30 GMT

China to slash taxes, boost lending to prop up slowing economy

China sought to encourage its slowing economy through billions of dollars in planned infrastructure spending and tax cuts, with the weakest in 30 years economic growth amid a trade war with the US and softer domestic demand.

Wed, 06 Mar 2019 03:32:24 GMT

US Fed mulls tighter regulations over foreign bank branches

The US Federal Reserve was considering imposing stricter regulations over foreign bank branches to tighten a loophole allowing overseas lenders to shield assets from the US bank rules.

Tue, 05 Mar 2019 20:51:02 GMT

Macao M1, M2 money supply rises

Macao's M2 money supply increased 8.1% in January, compared to the same month in 2018, and M1 money supply grew 7.2%, the Monetary Authority of Macao reports.

Tue, 05 Mar 2019 20:50:09 GMT

Japan donates $3.2M to support peace in South Sudan

Japan has provided $3.2M to the Intergovernmental Authority on Development to support peace in South Sudan, data released by the Japanese government shows.

Tue, 05 Mar 2019 20:33:02 GMT

Total buys stake in Arctic LNG-2 project

The French energy corporation Total has signed a deal to purchase 10% ownership in the Arctic LNG-2 project from Russian Novatek, the Novatek Management Board Chairman Leonid Mikhelson says.

Tue, 05 Mar 2019 20:32:06 GMT

Brunei CPI declines in January

Brunei's CPI declined 0.1% in January, compared to the same period the prior year, the Department of Economic Planning and Development at the Ministry of Finance and Economy reports.

Tue, 05 Mar 2019 19:26:32 GMT

Tanzania receives $256.2M for road project

Tanzania has loaned $256.2M for a Kasulu-Manyovu road project from the African Development Bank, the Permanent Secretary in the Ministry of Finance and Planning Doto James says.

Tue, 05 Mar 2019 19:26:24 GMT

Hong Kong retail sales increase

Retail sales in Hong Kong rose 7.1% to $6.17B in January, compared to the same month in 2018, the Census and Statistics Department reports.

Tue, 05 Mar 2019 18:07:27 GMT

Euro area retail trade rises

Retail trade volume increased by 1.3% in the euro area in December, compared to the same period the previous year, the statistical office Eurostat reports.

Tue, 05 Mar 2019 18:06:31 GMT

Hong Kong port cargo volume declines

Hong Kong's total port cargo volume declined 8.2% to 258.5M tonnes in 2018, compared to the prior year, the Census and Statistics Department reports.

Tue, 05 Mar 2019 16:59:08 GMT

FCA open to mergers, rules out Maserati sale

Fiat Chrysler's CEO Mike Manley stated on Tuesday the carmaker was open to new mergers and alliances in case of beneficial impact on its future, but dispelled any rumours over its luxury unit Maserati's sale to China's Geely.

Tue, 05 Mar 2019 16:58:59 GMT

Singapore's PUB likely to buy Tuaspring plant

On Tuesday, the Singaporean water agency PUB announced it was likely to take over Hyflux's water treatment plant Tuaspring, after the company failed to fulfil its obligations according to the contract.

Tue, 05 Mar 2019 16:03:34 GMT

AngloGold plans Northern Colombia project sale

The South African group AngloGold Ashanti agreed on a sale of its Northern Colombia Holdings stake to Royal Road Minerals, as it seeks to focus more on its other Colombia's exploration projects.

Tue, 05 Mar 2019 15:57:59 GMT

China's EHang set to launch US IPO

EHang, the Chinese drone maker, is set to launch an initial public offering in the United States this year, which could potentially attract up to $500M in fundraising, sources reported.

Tue, 05 Mar 2019 15:36:21 GMT

Terna seeks co-investors for S. American business

Italy's power grid company Terna is seeking to find co-investors to help with its business development in South America, the firm's CEO Luigi Ferraris announced on Tuesday.

Tue, 05 Mar 2019 15:29:13 GMT

Investor urges L Brands to split businesses

On Tuesday, Barington Capital, the activist investor, called on L Brands to spin off Bath & Body Works and Victoria's Secret businesses, with the intention to reorganise the struggling owner of the consumer brands.

Tue, 05 Mar 2019 14:36:24 GMT

Merck KGaA asks Versum shareholders for approval

On Tuesday, Germany's Merck KGaA urged Versum Materials shareholders to consider approval of its proposed unsolicited $5.9B takeover offer, after it had been rejected on Friday.

Tue, 05 Mar 2019 14:09:22 GMT

Zomato plans UAE food unit's sale

Zomato Media Pvt is planning a sale of its UAE food delivery unit to the German firm Delivery Hero Group in a deal valued at $172M, one of the company's shareholders Info Edge said.

Tue, 05 Mar 2019 13:38:24 GMT

Oslo Bors recommends acceptance for Nasdaq's bid

Oslo Bors, the Norwegian exchange operator, made a recommendation towards its shareholders to accept for the latest Nasdaq's buyout offered made yesterday, and reject Euronext's bid.

Tue, 05 Mar 2019 12:37:02 GMT

OCI gets takeover interest in methanol group assets

The Dutch chemicals firm OCI stated on Tuesday it had received a takeover interest in the methanol assets, not disclosing the interested parties or financial terms of a possible deal, but promised to give more information soon.

Tue, 05 Mar 2019 12:16:27 GMT

Cision considers selling itself

The PR Newswire owner Cision stated it had held talks with the private equity companies over a potential sale, trying to reach out to possible buyers, sources with a knowledge reported.

Tue, 05 Mar 2019 11:11:25 GMT

Mini production faces disruptions

BMW announced on Tuesday that the production of Mini cars that are made in the UK would be disrupted, if Brexit gets delayed further.

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.

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