News

Note: This section contains information in English only.
Tue, 14 Aug 2018 14:09:15 GMT

KKR plans Indian business listing on local exchange

The investment company KKR & Co is seeking to list its Indian business operations on the country's stock exchange, according to a Financial Times report revealed on Monday.

Tue, 14 Aug 2018 13:38:35 GMT

Unilever signs deal with JD.com to move products across China

China's e-commerce company JD.com agreed to a tie-up with Unilever over moving the products such as Lux soap and Lipton's tea across china between the warehouses, amid Unilever's expansion in the country.

Tue, 14 Aug 2018 13:34:38 GMT

Perry Ellis finishes talks with Randa Accessories over takeover deal

On Tuesday, Perry Ellis International stated it had terminated the talks to be acquired by the privately-owned Randa Accessories Leather, 14 days after the firm raised its bid.

Tue, 14 Aug 2018 12:39:31 GMT

Coca-Cola buys minority stake in Kobe Bryant

Coca-Cola is acquiring a minority stake of the Kobe Bryant's sports drink company, as it seeks to mount the stronger challenge to the top energy drink called Gatorade.

Tue, 14 Aug 2018 12:36:52 GMT

VTG wants Morgan Stanley Infrastructure to sweeten takeover bid

On Tuesday, the rail logistics firm VTG stated on Tuesday it wanted Morgan Stanley Infrastructure to hike its takeover proposal, adding that its suitor had no willingness to do it.

Tue, 14 Aug 2018 10:58:46 GMT

AirAsia sells rest of stake in its JV with Expedia

AirAsia Group, the Malaysian low-cost airline, has sold the remaining 25% stake in the joint venture, it had formed with the travel service Expedia Group, for the price of $60M.

Tue, 14 Aug 2018 10:58:32 GMT

China Literature shares drop on sliding user number

Shares of China Literature plunged 14.6% this Tuesday on a report that its monthly paying user numbers dropped 7% from the previous year and after the firm announced a $2.3B acquisition.

Tue, 14 Aug 2018 09:59:04 GMT

South African authorities investigate state attorneys

The South African authorities on Tuesday revealed that state attorneys are under investigations on allegations of defrauding billions of dollars.

Tue, 14 Aug 2018 09:58:18 GMT

China is angered at Trump's defence act

On Tuesday, Chinese authorities condemned the latest defence act signed by US President Donald Trump.

Tue, 14 Aug 2018 09:39:32 GMT

Sinochem seeks transferring WEPEC stake to PetroChina

China's chemicals and oil company Sinochem is in negotiations to transfer its WEPEC refinery stake of 33.6% to the state titan PetroChina.

Tue, 14 Aug 2018 09:36:34 GMT

Carlyle getting ready for $5.0B listing of Atotech

The buyout group Carlyle started preparations for the listing of the German chemicals group Atotech that could be valued at about $5.0B.

Tue, 14 Aug 2018 08:07:59 GMT

Stoxx Europe 600 edges higher on Tuesday

The benchmark index Stoxx Europe 600 gained 0.6% early on Tuesday, driven higher by companies from the chemicals and food-and-beverage sectors.

Tue, 14 Aug 2018 08:03:13 GMT

Lehman Brothers pays off $124.6B debt

Lehman Brothers Holding, the US investment bank that collapsed during the financial crisis, has paid off $124.6B in debt instead of the planned $65B due to stronger US economy.

Tue, 14 Aug 2018 07:26:02 GMT

California Water lifts takeover bid for SJW Group

On Monday, California Water Service Group stated it had raised its all-cash bid to acquire SJW Group by almost 3%, seeking to woo the company out of the proposed team-up with Connecticut Water Service.

Tue, 14 Aug 2018 07:11:01 GMT

Major Tesla shareholder Fidelity cuts stake during Q2

Fidelity Investments, the major Tesla shareholder, trimmed its stake in the luxury electric carmaker by 21% during the last quarter, ahead of the CEO Elon Musk's announcement about taking the company private.

Tue, 14 Aug 2018 06:35:26 GMT

Diebold Nixdorf hires Credit Suisse, Evercore for possible sale

Diebold Nixdorf, the ATM machine maker, hired the financial advisers Evercore and Credit Suisse, as it is looking for potential buyers to sell itself, according to a CNBC report.

Tue, 14 Aug 2018 06:31:09 GMT

NIO plans to attract $1.8B in first US IPO

NIO, China's electric car start-up, filed for a $1.8B initial public offering on Monday of its US depository shares, the first American listing by the Chinese carmaker.

Tue, 14 Aug 2018 05:08:03 GMT

Indonesia's FDI falls to $7.1B in Q2Y2018

The foreign direct investment in Indonesia fell from $8.1B to $7.1B during the second quarter of 2018 due to exchange rate volatility and concerns over US-China relations.

Tue, 14 Aug 2018 05:06:22 GMT

Trump signs $716B defence bill

The US President Donald Trump signed a defence bill worth $716B that would increase military spending and provide control over contracts with Huawei Technologies and ZTE Corp.

Tue, 14 Aug 2018 04:14:20 GMT

EUR/USD stands near one-year low on Tuesday

The Euro was trading near a one-year low against the US Dollar early on Tuesday, as investors remained worried about European banks being exposed to the weak Turkish Lira.

Tue, 14 Aug 2018 04:13:22 GMT

China's unemployment rate reaches 5.1% in July

The National Bureau of Statistics reported on Tuesday that the unemployment rate in China increased to 5.1% in July, compared to 4.8% during the preceding month.

Tue, 14 Aug 2018 02:58:37 GMT

Chinese investment growth below expectations

The Chinese fixed-asset investment growth weakened more than anticipated to 5.5% in the first seven months of 2018, in a sign of softening demand in the economy, data revealed.

Tue, 14 Aug 2018 02:58:18 GMT

Australian business conditions ease modestly in July

An index of Australia's business conditions eased slightly in July, though remained at levels compatible with strong activity. In the meantime, hiring intentions revealed a welcome bounce.

Tue, 14 Aug 2018 02:38:58 GMT

Foxconn results miss forecasts in Q2 before product launches

Taiwan's Foxconn, the top contract electronics producer and an Apple supplier, posted unexpectedly low quarterly net profit, expanding a downmove to the consecutive second quarter.

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