News

Note: This section contains information in English only.
Thu, 28 Feb 2019 20:51:20 GMT

Italy's Nexi to launch $9.0B IPO in April

The Italian payment firm Nexi is planning to launch an initial public offering worth $9.0B in the middle of April, seeking to finalise the EU largest share sale of the current year, while the market conditions allow.

Thu, 28 Feb 2019 20:51:08 GMT

Versum reveals plan to prevent hostile takeover

On Thursday, the US-based Versum Materials has revealed its plan to fend off a hostile takeover by Germany's Merck, which made an unsolicited proposal worth $5.9B.

Thu, 28 Feb 2019 20:07:30 GMT

Hyundai Motor likely to cut capacity in China

Lee Won-hee, the Hyundai Motor CEO, announced on Thursday the carmaker could trim its capacity at the Chinese factories due to tumbling sales in the country.

Thu, 28 Feb 2019 20:05:05 GMT

Uber considers acquiring Dubai-based Careem

The ride-hailing giant Uber Technologies has entered advanced talks to acquire the Dubai-based competitor Careem Networks, in a potential cash-and-stock deal that could value Careem at around $3.0B, according to Bloomberg.

Thu, 28 Feb 2019 19:21:35 GMT

Novartis criticised for high drug prices

Novartis has faced shareholder criticism over the higher prices for its high-tech life-saving drugs at the annual general meeting held this Thursday.

Thu, 28 Feb 2019 19:02:47 GMT

Air Canada lifts long-term profit margin targets

On Thursday, Air Canada has raised its long-term goals for free cash flow and profit margins, as the Canadian largest carrier benefits from its cost-cutting efforts and expansion into more destinations.

Thu, 28 Feb 2019 18:25:37 GMT

US initial jobless claims rise 8K last week

The number of applications for US unemployment benefits climbed 8K to 225K in the week ended February 23, beating analysts' anticipations of a 221K surge from the previous upwardly revised 217K reading.

Thu, 28 Feb 2019 18:14:02 GMT

Lyft, Uber to offer shares to their drivers

Lyft and Uber, the ride-hailing companies, are planning to offer their most-active and veteran drivers some cash bonuses with an option to convert them into shares from the stock market listings, the WSJ reported on Thursday.

Thu, 28 Feb 2019 17:12:46 GMT

Penney's Q4 results top estimates

On Thursday, J.C. Penney reported its Q4 results beat analysts' estimates, driven by strong sales of jewellery and apparel during the holiday shopping season in December.

Thu, 28 Feb 2019 17:05:05 GMT

ABB has no plans for big M&As in near future

ABB's CEO Ulrich Spiesshofer stated on Thursday his company would not make large acquisitions during the next year and a half, adding that money attracted from the $8.0B power grids business sale would go to shareholders.

Thu, 28 Feb 2019 16:34:59 GMT

Inmarsat shares soar on new approach report

On Thursday, Inmarsat shares surged as much as 9.8% on a report that the US satellite company EchoStar was set to resume its bud for the firm within the following next months.

Thu, 28 Feb 2019 16:29:34 GMT

JD.com tops estimates with 22% revenue rise

The Chinese second-biggest e-commerce company, JD.com, posted a 22.4% jump in its Q4 revenue on Thursday, boosted by robust online retail sales, topping analysts' expectations and sending the firm's shares up 8%.

Thu, 28 Feb 2019 15:38:04 GMT

Rolls-Royce drops out of Boeing jet project

On Thursday, Roll-Royce decided to quit the race of powering Boeing's mid-market plane, as the company has no more intention to risk disruption for the airline clients by rolling out any product with no extensive testing.

Thu, 28 Feb 2019 15:28:16 GMT

First Facebook inquiry to be finalised by June

The European Union regulator is expecting the first inquiry into Facebook's personal data usage to be completed by that summer, the Irish Data Protection Commissioner stated on Thursday.

Thu, 28 Feb 2019 14:00:16 GMT

Daimler, BMW enhance ties on automated driving tech

BMW and Daimler have strengthened their partnership on Thursday with the intention to share costs on the spiralling development for their automated driving technologies, Daimler stated in a blog post.

Thu, 28 Feb 2019 13:53:14 GMT

Future Retail set to operate 7-Eleven India stores

On Thursday, Future Retail stated its SHME Food Brands arm had inked a master franchise pact with the US group 7-Eleven to operate its Indian stores, on the back of the company's entry into the state.

Thu, 28 Feb 2019 13:33:28 GMT

Advisor calls Deutsche Bank merger deal senseless

The German Finance Ministry's advisor, Joerg Rocholl, stated that he considered the Deutsche Bank-Commerzbank merger deal did not make any economic sense for that moment.

Thu, 28 Feb 2019 12:37:40 GMT

Shareholders plan Singaporean telco M1's delisting

Shareholders, Singapore Press Holdings and conglomerate Keppel Co, announced late on Wednesday they were set to delist the country's smallest telecommunications company M1, after their bid to take control over the firm closed.

Thu, 28 Feb 2019 12:31:05 GMT

Wellington Management opposes Celgene deal

Wellington Management, the top Bristol-Myers Squibb's shareholder, stated it would not support the US drugmaker's $74B worth takeover of the biotech firm Celgene.

Thu, 28 Feb 2019 10:42:16 GMT

Trump deescalates Kashmir conflict

On Thursday, Donald Trump announced that US has begun mediation between Pakistan and India. Moreover, Pakistan already is considering the return of the downed Indian pilot. During the mediation process safe haven assets were plummeting in value.

Thu, 28 Feb 2019 10:42:08 GMT

Kashmir conflict hurts Thai Airways

Thousands of passengers of Thai Airways were being hurt by the cancellation of flights over Pakistan. The company is set to suffer losses due to having to pay out compensations or offering alternatives.

Thu, 28 Feb 2019 10:36:23 GMT

Dutch govt builds 14% stake in Air France KLM

The Dutch government built up a 14% stake in the Air France KLM airline group, in a move to protect the Dutch interests from France's growing dominance in the company.

Thu, 28 Feb 2019 10:27:18 GMT

ZF Friedrichshafen makes bid for rival Wabco

Wabco Holdings, the US car parts maker, stated it had been approached by the German competitor ZF Friedrichshafen for a possible acquisition, sending its shares up 10% on the news.

Thu, 28 Feb 2019 09:21:56 GMT

Bingo receives approval for Dial-a-Dump takeover

On Thursday, the waste management company Bingo Industries has received a regulatory approval to acquire its smaller competitor Dial-a-Dump, saying it would also conducts its share buyback.

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