News

Note: This section contains information in English only.
Fri, 01 Mar 2019 16:07:16 GMT

Tesla's shares drop 5%amid Model 3 launch

On Friday, Wall Street reported that shares in Tesla plunged as much as 5% after it had launched its $35K worth Model 3 sedan version, which was likely to cause a loss in its Q1, according to the carmaker's estimates.

Fri, 01 Mar 2019 15:52:54 GMT

ESR set to launch $1.5B HK IPO

Warburg Pincus-backed ESR Cayman, the logistics real estate company, filed for an initial public offering in Hong Kong, as it seeks to raise no less than $1.0B, with a perspective to attract up to $1.5B.

Fri, 01 Mar 2019 15:38:29 GMT

Wells Fargo gets $240M settlement over fake accounts

Wells Fargo reached a $240M worth settlement over the company's poor oversight accusations, which potentially led to the creation of thousands of millions unauthorised client accounts.

Fri, 01 Mar 2019 15:34:10 GMT

Tata Motors denies reports on JLR unit sale

On Friday, India's Tata Motors has denied reports published by media that the company had been considering a sale of its luxury car division Jaguar Land Rover, which boosted its shares up 3.7% to 184 rupees.

Fri, 01 Mar 2019 14:31:50 GMT

ACCC delays decision on TPG-Vodafone merger

The Australian Competition & Consumer Commission dropped a decision date for the TPG-Vodafone merger deal approval, according to a website, claiming it has not still received enough information from the companies to make a firm decision.

Fri, 01 Mar 2019 14:17:25 GMT

eBay launches review of Classifieds, StubHub

On Friday, eBay announced it would launch a review of eBay Classifieds and StubHub businesses, saying it would name the Elliott Management's director to the board, on the back of their agreement to avert proxy contest.

Fri, 01 Mar 2019 13:37:54 GMT

France, Netherlands to issue joint airline strategy

The Netherlands and France have pledged to issue a joint strategy for Air France-KLM airline group to ease tensions between the countries, both Finance Ministers announced on Friday.

Fri, 01 Mar 2019 13:34:42 GMT

Japan's Daiichi Sankyo considers OTC unit sale

Japan's Daiichi Sankyo is considering a sale of the over-the-counter drugs business, hiring JPMorgan as an adviser to a potential deal.

Fri, 01 Mar 2019 12:13:41 GMT

Saipem executive is sent to trial

The Italian court system has ordered the oil contracting company Saipem and a former executive to stand trial for false accounting and market manipulation.

Fri, 01 Mar 2019 12:12:56 GMT

Subaru announces car recall

On Friday, Subaru announced that the company is recalling nearly 2.3 million cars due to a fault with brake lights.

Fri, 01 Mar 2019 11:28:02 GMT

Global Switch hires banks for HK IPO

The British data centre operator Global Switch hired banks, such as JPMorgan, Goldman Sachs and CLSA, for its $1.0B worth initial public offering, planned to be held in Hong Kong.

Fri, 01 Mar 2019 10:37:32 GMT

Carlyle acquires 9% in BNP Paribas unit

Carlyle Group, the US private equity company, acquired a 9% stake in the Indian insurer SBI Life Insurance from the French bank BNP Paribas for about $653M.

Fri, 01 Mar 2019 10:23:36 GMT

Gap to divide OlD Navy brand, shutter stores

Gap announced it was planning to separate its Old Navy brand and shut down around 230 stores, as the struggling apparel business faces restructuring to energise sales, sending its shares up 25%.

Fri, 01 Mar 2019 09:39:56 GMT

Tesla rolls out $35K Model 3, views Q1 loss

Tesla is prospecting losses in its Q1, as it launched a $35K worth Model 3 sedan version for the first time, adding that global sale would become online-only.

Fri, 01 Mar 2019 08:35:33 GMT

Starboard stands up against Celgene deal

Starboard Value, the activist hedge fund, joined Bristol-Myers Squibb's investor Wellington Management, opposing the drugmaker's $74B acquisition of the biotech firm Celgene.

Fri, 01 Mar 2019 08:31:28 GMT

Japan's MUFG set to acquire DZ Bank's unit

The Japanese group Mitsubishi UFJ Financial agreed to acquire the German DZ Bank's aviation finance unit DVB in a deal valued at about $6.37B, DVB reported on Friday.

Fri, 01 Mar 2019 07:39:39 GMT

Ola's electric mobility arm attracts $56M in IPO

On Friday, Ola Electric Mobility stated it had attracted $56M in its first round of funding led by such investors as Matrix India and Tiger Global.

Fri, 01 Mar 2019 07:37:06 GMT

France's Faurecia set to acquire Clarion

Faurecia, France's auto equipment supplier, is set to acquire 95.28% of Japan's Clarion shares, in a deal that should be finalised by March 7, seeking to employ about 9,2K people and generate over $2.27B sales by 2022.

Fri, 01 Mar 2019 05:57:17 GMT

Altice hires Morgan Stanley to review options for Israel unit

Altice Europe has selected Morgan Stanley too explore options for its Israeli business, as the company's founder Patrick Drahi seeks to streamline the debt-laden group, raising cash for an opportunity to take part in the French 5G auction.

Fri, 01 Mar 2019 05:50:36 GMT

Thales gets approval for Gemalto takeover

Thales received an approval from the US Justice Department for the Gemalto proposed takeover with a condition to divest the company's GP HSM business.

Fri, 01 Mar 2019 05:36:54 GMT

Petrobras expands its divestment programme

Petroleo Brasileiro is set to push ahead with its ambitious divestment programme, having a "bold" plan for the company's future sales, Brazil's state-run oil firm announced after reporting the first annual profit results in five years.

Fri, 01 Mar 2019 05:29:39 GMT

Jet Airways founder to resign as board chairman

Naresh Goyal, the founder of Jet Airways, agreed to resign from his board's chairman post, as the cash-strapped India's airline is struggling to complete a rescue deal.

Fri, 01 Mar 2019 03:32:56 GMT

US crude oil production declines in December

The US crude oil output edged lower in the month of December to 11.85M barrels per day, the first drop since May, the US EIA stated in a monthly report.

Fri, 01 Mar 2019 03:29:29 GMT

Dell revenue up 9%

Dell Technologies reported a nearly 9% increase in quarterly revenue within the company's first earnings report after a return to public markets, supported by demand for servers and network devices.

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