News

Note: This section contains information in English only.
Fri, 14 Dec 2018 15:18:46 GMT

GM launching US job cut notices amid plant shutdowns

On Friday, General Motors stated it started to send out formal notices to the US government agencies about the carmaker's plan to shut down car plants and trim thousands of job positions.

Fri, 14 Dec 2018 14:39:42 GMT

India rejects investigation petition of Dessault jet deal

On Friday, the Indian top court has rejected a petition seeking for an inquiry into the fighter jet deal valued at $8.7B with Dassault Aviation.

Fri, 14 Dec 2018 14:37:45 GMT

US core retails sales rise in November

The US consumer spending surged 0.9% in November from the upwardly revised 0.7% rise in October and driven by a higher demand for electronics, furniture and other goods.

Fri, 14 Dec 2018 13:38:11 GMT

Merck to acquire Antelliq Group in $2.37B deal

On Friday, Merck and Co announced it would acquire the privately-owned French firm Antelliq Group, the maker of digital identification products, in a cash-deal worth $2.37B.

Fri, 14 Dec 2018 13:30:59 GMT

Balfour Beatty sees annual profit above expectations

On Friday, the UK construction firm Balfour Beatty Plc stated it was forecasting the full-year report to be above its expectations, driven by the proceeds from its infrastructure investment sale that took place that month.

Fri, 14 Dec 2018 12:38:06 GMT

Albemarle, Mineral Resources sign $1.15B lithium deal

On Friday, Australia's Mineral Resources has clinched a deal on a stake sale in the Wodgina Lithium Project and a lithium JV establishment with the US firm Albemarle worth $1.15B.

Fri, 14 Dec 2018 12:34:33 GMT

Germany's Helaba to buy Dexia's unit in $398M deal

Helaba, the German public sector bank, is set to acquire Germany's unit of the Franco-Belgian lender Dexia in a deal valued at $398M.

Fri, 14 Dec 2018 10:54:54 GMT

Scale of theft at Shell refinery is revealed

On Friday, it was revealed in court documents that nearly during the last several years nearly $150 million worth of crude oil was stolen from Shell's Singapore refinery.

Fri, 14 Dec 2018 10:54:19 GMT

China will suspend tariffs on January 1

It was announce by Chinese officials on Friday that China will suspend its additional tariffs on US made cars starting from January 1.

Fri, 14 Dec 2018 10:31:00 GMT

Motherson Sumi enters early-stage talks over merger with Leoni

Motherson Sumi Systems, India's vehicle wiring maker, has entered the early talks with the German peer Leoni over a potential merger deal, two sources familiar with the matter reported.

Fri, 14 Dec 2018 10:28:29 GMT

Diesel founder Rosso raises interest in Roberto Cavalli

Diesel fashion laber's founder, Renzo Rosso, has raised interest into acquiring the Italian fashion house Roberto Cavalli via his OTB holding group, according to Il Sole 24 Ore's report published on Friday.

Fri, 14 Dec 2018 09:13:39 GMT

Shareholders show scepticism over Deutsche Bank-Commerzbank merger

On Thursday, shareholders expressed their scepticism over speculation on a potential merger deal between Deutsche Bank and Commerzbank, saying the tie-up is unlikely to be seriously considered in the near future.

Fri, 14 Dec 2018 09:08:59 GMT

Axel Springer considers incremental takeovers in 2019

Axel Springer is considering to boost its existing businesses with the incremental takeovers next year, the German publisher's CEO Mathias Doepfner stated on Friday, adding there will be no any major deals for now that require outside financing.

Fri, 14 Dec 2018 08:16:03 GMT

Fortis Healthcare shares drop on ceased sale news

Shares in the Indian firm Fortis Healthcare plunged as much as 14.3% to their lowest since October 30, after India's top court had put its sale to the Malaysian company IHH Healthcare on hold.

Fri, 14 Dec 2018 08:07:37 GMT

L Brands plans sale of lingerie brand La Senza

Victoria's Secret owner L Brands announced about La Senza sale, its luxury lingerie brand, to the private equity fund Regent's affiliate., ending month-long attempts to sell off the loss-making business unit.

Fri, 14 Dec 2018 07:39:09 GMT

France's LVMH close to acquire hotel operator Belmond

France's luxury group LVMH is nearing a deal to acquire Britain's Belmond, the high-end hotels operator, in a cash-deal worth around $25 for a share, the Wall Street Journal reported.

Fri, 14 Dec 2018 07:36:29 GMT

Germany's Scout24 considers selling itself

German's online classified-ads firm Scout24 is thinking over a potential deal in which it could be taken private, the company stated late on Thursday, sending its shares up by 12% on Friday.

Fri, 14 Dec 2018 06:32:29 GMT

Blackstone wants to bet on India

In an interview to the Economic Times, Blackstone's CEO Stephen Schwarzman that the company is likely to focus on Indian market next year amid weak currency, reform-oriented authorities and a number of other factors.

Fri, 14 Dec 2018 06:26:24 GMT

Blair projects another referendum on Brexit

In a speech that will be delivered today in London, the former Prime Minister of Britain Tony Blair is expected to say that the EU and UK should start preparing for another referendum on Brexit, as the Parliament is likely to reject Theresa May's deal.

Fri, 14 Dec 2018 04:02:56 GMT

Japan's capex, business mood steady, though outlook sours

Japan's capital expenditure plans and business confidence were unchanged from the prior quarter, sign that companies were not worried about global growth concerns and escalating trade frictions.

Fri, 14 Dec 2018 03:56:47 GMT

China's factory output, retail sales weaken last month

China's retail sales increased at their weakest pace in 15 years, while industrial output grew the least in three years in November, as domestic demand kept softening, underlining higher risks to the economy.

Fri, 14 Dec 2018 03:34:55 GMT

Japan output, manufacturing expand, export orders fall in December

Japan's manufacturing activity grew in December, though export orders contracted at the strongest pace since 2016, in a sign of falling overseas demand, a preliminary survey revealed.

Fri, 14 Dec 2018 03:31:06 GMT

China to hit GDP growth target in 2018

China was on track to hit the GDP growth goal of around 6.5% in 2018, though the economy is likely to face more external unclarities next year.

Thu, 13 Dec 2018 21:39:26 GMT

Starbucks ties up with UberEats over US delivery

Starbucks announced on Thursday it had teamed up with UberEats over coffee and food delivery in the United States, seeking to also double its China outlets within the following four years.

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