News

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Wed, 27 Feb 2019 13:35:43 GMT

Sarepta to acquire Myonexus in $165M deal

On Wednesday, Sarepta Therapeutics announced it would acquire the privately owned gene therapy firm Myonexus Therapeutics in a deal worth $165M, expanding its footprint in the biotech sector.

Wed, 27 Feb 2019 11:51:10 GMT

China will resolve shadow banking issues

The Peoples Bank of China announced on Wednesday that the Chinese authorities will soon deal with all risks created by the shadow banking sector.

Wed, 27 Feb 2019 11:50:40 GMT

Safe haven currencies surge

On Wednesday, the Japanese Yen and the Swiss Franc gained value on the news that Pakistani military shot down Indian jets over Kashmir.

Wed, 27 Feb 2019 10:16:34 GMT

China's CDH seeks to attract $1.0B in VC arm

China's CDH Investments plans to attract about $1.0B in yuan and dollar funds via its venture capital arm, as it seeks to invest in such sectors as logistics and healthcare.

Wed, 27 Feb 2019 10:13:38 GMT

Companies submit their bids for Nexon

Electronic Arts, Amazon and Comcast submitted their initial bids for the South Korean holding firm Nexon, according to a Maeil Business Newspaper's report published on Wednesday.

Wed, 27 Feb 2019 09:00:28 GMT

Cerberus ready for Deutsche Bank-Commerzbank merger

The US investor Cerberus is ready for a potential merger deal between Commerzbank and Deutsche Bank, Germany's two biggest private lenders, sources with a knowledge announced on Wednesday.

Wed, 27 Feb 2019 08:50:14 GMT

LafargeHolcim plans assets sale in Southeast Asia

LafargeHolcim is planning its assets sale in Southeast Asia within the following five years amid the firm's weak performance, according to an Industrial Info Resource's report published on Wednesday.

Wed, 27 Feb 2019 08:38:28 GMT

Sunrise in talks to buy Liberty Global's Swiss unit

Sunrise Communications is in advanced talks to acquire Liberty Global's Swiss internet and digital TV provider in a deal worth $6.30B.

Wed, 27 Feb 2019 04:37:03 GMT

Brazil's CAOA considers buying Ford factory

Brazil's automaker CAOA, which produces cars with Korea's Hyundai and China's Chery Automobile, was in talks to purchase Ford Motor's plant in the country, which was slated to close this year, according to sources familiar with the matter.

Wed, 27 Feb 2019 04:24:37 GMT

Papa John's upbeat over full-year forecast

Papa John's International announced expectations for better-than-feared North American sales, as investments by the US pizza chain on rebranding paid off.

Wed, 27 Feb 2019 02:50:54 GMT

China's BYD says preliminary profit falls 31% in 2018

China's EV maker BYD reported that 2018 preliminary net profit was 31.4% lower than in the prior year, blaming intensifying competition in the auto market.

Tue, 26 Feb 2019 20:47:16 GMT

Fiat Chrysler will invest in Michigan

Fiat Chrysler Automobiles announced on Tuesday that the company will invest $4.5 billion in the state of Michigan by building five new plants. The company will build new Jeep models to compete with GM and Ford.

Tue, 26 Feb 2019 20:47:07 GMT

G2 Esports raises investor capital

On Tuesday, G2 Esports announced that the company has raised $17.3 million from various sources or a new global expansion campaign.

Tue, 26 Feb 2019 19:43:38 GMT

UAW sues General Motors

The US United Auto Workers union is suing General Motors for deciding to close three US auto plants. The union states that GM has violated a 2015 agreement.

Tue, 26 Feb 2019 19:43:32 GMT

Caixa could sell stake in Petrobras

Reuters sources on Tuesday revealed that the Brazilian state bank Caixa Economical Federal is close to selling its stake in Petroleo Brasiliero. The bank owns a $2.4 billion stake in the oil company.

Tue, 26 Feb 2019 19:03:50 GMT

US homebuilding declines

US official data released on Tuesday revealed that US homebuilding has declined to a two year low level during December. It is one of the indicators that the economy had previously slowed down.

Tue, 26 Feb 2019 19:03:15 GMT

US stocks trade flat

On Tuesday, during the US trading session stock indices traded sideways. Gains in tech stocks were offset by consumer goods companies suffering losses during the last quarter.

Tue, 26 Feb 2019 17:45:57 GMT

Elon Musk receives court order

On Tuesday, it was revealed that the head of Tesla Elon Musk has received an order from a Federal Judge to respond to a contempt motion.

Tue, 26 Feb 2019 17:45:50 GMT

Elon Musk tweets about SEC

After the Securities and Exchange Commission of the United States announced that Elon Musk is violating settlement terms of last year's fraud charges, the CEO of Tesla in a tweet announced that the SEC is broken.

Tue, 26 Feb 2019 16:41:24 GMT

AT&T wins court case against US government

On Tuesday, an appeals court ruled that AT&T can acquire Time Warner for $85.4 billion. The US officials had ruled initially that this deal is against antitrust laws.

Tue, 26 Feb 2019 16:41:17 GMT

Home Depot misses forecasts

Home Depot on Tuesday announced their quarterly earnings, which missed the Wall Street estimates. The snowy winter was blamed for preventing home owners from remodelling houses and subsequently low sales.

Tue, 26 Feb 2019 16:14:29 GMT

Peugeot will return to United States

The Peugeot maker PSA Group announced on Tuesday that the company will offer its cars in the United States after a pause of almost thirty years.

Tue, 26 Feb 2019 16:13:54 GMT

Theresa May offers Brexit vote

On Tuesday, the Prime Minister of the United Kingdom announced to the Parliament that the lawmakers could vote on delaying Brexit in an effort to avoid a no-deal Brexit.

Tue, 26 Feb 2019 15:35:22 GMT

US car sales likely to fall in February

The US car sales are seen to plunge around 1% in February from the previous year amid inclement weather, the industry consultants LMC Automotive and J.D. Power reported on Tuesday.

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