News

Note: This section contains information in English only.
Thu, 02 Aug 2018 15:21:50 GMT

Infineon signs MoA with Alibaba to promote IoT

On Thursday, the German firm Infineon Technologies stated it had inked a memorandum of understanding with Alibaba's cloud computing unit to promote the Internet of Things uses.

Thu, 02 Aug 2018 15:10:46 GMT

TransCanada profit falls in second quarter

TransCanada reported on Thursday its profit plunged 11% to C$785M in the second quarter, compared to C$881M a year earlier.

Thu, 02 Aug 2018 14:38:04 GMT

Defence supplier L3 Tech to merge sensor, aerospace businesses

On Thursday, L3 technologies, the defence equipment maker, stated it was set to combine its sensor systems and aerospace businesses to focus on surveillance, reconnaissance and intelligence products.

Thu, 02 Aug 2018 13:38:34 GMT

TransCanada to sell controlling stake in Quebec's Cartier wind power

TransCanada stated on Thursday it was planning a sale of its controlling stake in Quebec's Cartier wind power facilities for around $484M.

Thu, 02 Aug 2018 13:35:08 GMT

CVC ends talks over potential buy-out with Ingenico

CVC, the private equity group, has abandoned negotiations with Ingenico over a possible buy-out of a French payments firm due to a deal frenzy in the sector.

Thu, 02 Aug 2018 11:57:32 GMT

Cisco in discussion to acquire Duo Security

Cisco Systems is in advanced negotiations to buy the cyber security firm Duo Security, amid company's intention to expand its cloud computing offerings, sources close to the matter reported.

Thu, 02 Aug 2018 11:57:22 GMT

HNA Group seeks selling minority stake in Avolon

China's HNA Group is considering a sale of its minority stake in the aircraft leasing unit Avolon Holdings, seeking to get a full price for selling the shares.

Thu, 02 Aug 2018 11:38:21 GMT

Cipla Quality Chemical Industries seeks equity IPO, East African SE listing

On Thursday, Uganda's pharmaceuticals maker Cipla Quality Chemical Industries it sought a listing on the Uganda Stock Exchange and the initial public offering of its equity's part.

Thu, 02 Aug 2018 11:08:14 GMT

Billionaire Philip Day considers offer for UK House of Fraser

According to the Sky News report published on Thursday, the billionaire Philip Day is exploring a potential takeover deal of House of Fraser, the British retailer, seeking to save the firm from collapse.

Thu, 02 Aug 2018 09:59:32 GMT

Energy lifts European prices

Due to an increase of energy prices in the Euro zone the producer price index rose more than anticipated by various analysts surveyed by Bloomberg. Namely, there was an increase of 0.4% instead of the expected 0.3%

Thu, 02 Aug 2018 09:58:58 GMT

Observers condemn post-election violence in Zimbabwe

Commonwealth and British observers publicly condemned the use of force applied by the army after the Zimbabwean Presidential election.

Thu, 02 Aug 2018 09:37:00 GMT

Kaz Minerals to buy Russia's Baimskaya copper project amid expansion

The low-cost copper producer Kaz Minerals has agreed to acquire Russia's Baimskaya copper project located in the Chukotka region in a $900M cash and shares deal.

Thu, 02 Aug 2018 09:33:21 GMT

Impala Platinum considers selling South Africa's shafts set for closure

The miner Impala Platinum is likely to sell its South Africa's shafts that are set for closure, after the firm announced 13K job cuts within the following two years.

Thu, 02 Aug 2018 08:37:52 GMT

Britain's Countrywide to attract $183M from discounted share deal

On Thursday, the UK estate agent Countrywide announced it was planning to raise $183M from from its share discounted placement, amid the firm's intention to halve the debt after a sharp fall in core earnings.

Thu, 02 Aug 2018 08:32:01 GMT

Japan's Dentsu plans kakaku.com stake sale for $734M

Dentsu, the Japanese advertising agency, stated on Thursday it had agreed to sell its 16.6% stake in the price comparison website kakaku.com to KDDI Corp in a $734.57M deal.

Thu, 02 Aug 2018 07:28:06 GMT

Sonos prices its IPO below range

The US wireless speaker company Sonos has priced its IPO ON Wednesday below the targeted range amid muted investor reception.

Thu, 02 Aug 2018 07:26:54 GMT

Canada's DIRTT drops deal to sell itself

On Wednesday, Canada's DIRTT Environmental Solutions confirmed it had ended sale talks, after the company gave up trying to sell itself.

Thu, 02 Aug 2018 06:37:33 GMT

China's HNA considers selling its Radisson Hotel Group

China's HNA Group is considering to sell its Radisson Hotel Group based in Minneapolis to the Chinese hospitality firm Jin Jiang International Holdings, according to Bloomberg.

Thu, 02 Aug 2018 06:29:42 GMT

SocGen agrees to sell banks in Albania, Bulgaria to OTP

France's Societe Generale has agreed on a sale of its Albanian and Bulgarian banks to Hungary's OTP Bank, as the French bank seeks to reorganise its assets.

Thu, 02 Aug 2018 04:56:25 GMT

BeiGene gets $903M in HK's secondary listing under new regulations

China's Nasdaq-listed biotech BeiGene raised $903M after pricing the firm's secondary listing in Hong Kong, the first under new regulations of exchange, three sources close to the deal stated.

Thu, 02 Aug 2018 04:51:50 GMT

Southeast Asia seeks deal on cybersecurity with Russia after hacks

Southeast Asia's nations hope to get a common agreement on cybersecurity with Russia, accused by the US of meddling in the country's elections, following a series of hacks in the area..

Thu, 02 Aug 2018 04:42:37 GMT

Grab raises extra $1B funds from financial companies

Southeast Asia's ride-hailing firm Grab stated that it secured new $1B investment from financial firms, including China's Ping An Capital and OppenheimerFunds.

Thu, 02 Aug 2018 04:41:29 GMT

Starbucks partners with Alibaba for China's coffee delivery

Starbucks was partnering with Alibaba to deliver the company's coffee in China's cities, betting that the move would revive sales rise in its the second-biggest market.

Thu, 02 Aug 2018 02:58:02 GMT

Tesla marks promise of profit, as production of Model 3 steadies

Tesla stated that it would produce new Model at a profit, following several recent weeks, when output stabilised, buoying hopes that the company is likely to stanch financial losses in the H2 of this year.

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