News

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Mon, 02 Jul 2018 12:39:02 GMT

Bollore Group forms partnership with China's Alibaba

On Monday, Bollore Group, France's company led by the billionaire tycoon Vincent Bollore, stated it had struck a global partnership with the Chinese e-commerce firm Alibaba.

Mon, 02 Jul 2018 12:33:19 GMT

HTC plans to cut 1,500 job positions in Taiwan

The smartphone maker HTC is planning to phase out about 1,500 jobs at the Taiwanese manufacturing unit, in its efforts to manage resources as the firm is still struggling from dwindling sales.

Mon, 02 Jul 2018 11:37:24 GMT

Tata Steel, Thyssenkrupp sign final accord on joint venture deal

India's Tata Steel and Germany's Thyssenkrupp has clinched a final agreement this weekend to form a long-term steel joint venture, in the biggest shake-up in the EU steel industry.

Mon, 02 Jul 2018 11:32:50 GMT

Argentina grants approval for Telecom Argentina-Cablevision merger

Argentine antitrust watchdog granted its approval for a merger between Cablevision and Telecom Argentina, allowing them to form the biggest telecommunications firm in the country.

Mon, 02 Jul 2018 10:14:45 GMT

Bank of Greece praises Greek debt relief

The Bank of Greece on Monday praised the relief measures negotiated with creditors for the indebted country.

Mon, 02 Jul 2018 10:13:55 GMT

Oil prices decline on Monday

On Monday, global financial media reported that crude oil prices declined due to due to a supply increase in Saudi Arabia and the Russian Federation.

Mon, 02 Jul 2018 09:36:25 GMT

China's Pinduoduo files for IPO in United States

China's online group Pinduoduo filed for an initial public offering with the US authorities and could raise about $1.0B, according to the IFR.

Mon, 02 Jul 2018 09:31:45 GMT

Vedanta chairman's family trust to buy rest of conglomerate

On Monday, Vedanta Resources stated its chairman's family trust had agreed to acquire the remaining stake in the conglomerate in a deal valued at $3.03B.

Mon, 02 Jul 2018 08:33:13 GMT

Acxiom likely to sell its marketing solutions unit to Interpublic

Interpublic Group of Companies nears a deal to acquire a marketing solutions subsidiary from Acxiom Corp in a deal that could be valued at $2.2B, sources reported on Sunday.

Mon, 02 Jul 2018 08:28:47 GMT

Japan's Uzabase to acquire Quartz from US peer Atlantic Media

Uzabase, the Japanese media company, announced on Monday it had agreed to acquire the Quartz business news website from the US firm Atlantic Media in a deal worth between $75M-$110M.

Mon, 02 Jul 2018 07:08:50 GMT

China's HNA drops $207M purchase of Australia's logistics unit

On Monday, the Chinese debt-laden HNA Group has cancelled its $207M takeover of Australia's logistics business, amid the alleged cashflow problems at the company.

Mon, 02 Jul 2018 06:57:38 GMT

Tesco, Carrefour plan to form global strategic alliance

British peer Tesco and France's supermarket retailer Carrefour announced their plans on Monday to establish a strategic long-term purchasing alliance, amid intention to cut their costs.

Mon, 02 Jul 2018 06:36:37 GMT

Micro Focus agrees to its SUSE software unit sale

On Monday, Micro Focus International, the British software firm, stated it had agreed to a sale of its Linux operating system SUSE division to the private equity group led by Swedish firm EQT Partners in a $2.535B deal.

Mon, 02 Jul 2018 06:31:47 GMT

Dell closer to buy out VMWare's tracking stock

According to sources familiar with the issue, Dell is moving towards a buyout of the VMWare tracking stocks using cash and equity.

Mon, 02 Jul 2018 05:19:29 GMT

CEO: Panasonic would consider investing more in Tesla's Gigafactory

The CEO of Panasonic Corp Yoshio Ito said the company would consider providing additional investment for Tesla's automotive battery plant Gigafactory if necessary.

Mon, 02 Jul 2018 05:18:54 GMT

Nordea buys Gjensidige Bank

Nordea is set to acquire 100% stake in Gjensidige Bank ASA with the deal closing during the first quarter of 2019.

Mon, 02 Jul 2018 04:13:49 GMT

KKR transforms to corporation

The global investment firm KKR & Co has changed its legal form from a publicly traded partnership to a corporation, as it seeks to attract new investors.

Mon, 02 Jul 2018 04:06:48 GMT

Mexican Peso strengthens on election results

The Mexican Peso surged early on Monday in response to polls showing that Andres Manuel Lopez Obrador had won the Mexican presidential election.

Mon, 02 Jul 2018 03:33:53 GMT

China manufacturing sector's growth slows in June

Growth in the Chinese manufacturing sector weakened slightly in June, as companies faced higher input costs and a decrease in export orders due to the trade dispute with the US, a private survey revealed.

Mon, 02 Jul 2018 03:30:03 GMT

Brexit clouds mood of UK financial sector

Banks' Brexit worries were the main theme in a survey of the UK financial sector, even though business sentiment stabilised in the Q2, ending a two-year decline, and recruitment increased.

Mon, 02 Jul 2018 02:37:21 GMT

Nissan cancels potential $1B battery unit sale to GSR

Nissan Motor announced that it cancelled a potential $1B sale of electric battery business to GSR Capital, as China's investment company had not enough funds to make the purchase.

Mon, 02 Jul 2018 02:31:39 GMT

Japan manufacturing PMI grows, export orders fall in June

Japan's manufacturing activity rose at a faster pace in June, though export orders contracted more than previously reported, indicating the possible impact of a trade dispute between the US and major economies.

Sun, 01 Jul 2018 20:30:17 GMT

Finland prepares for Trump-Putin meeting

According to the Director of the Russian Foreign Ministry's European Cooperation Department Andrey Kelin, Russian, Finnish and American diplomats are working closely to prepare for the US President Donald Trump meeting with his Russian colleague Vladimir Putin.

Sun, 01 Jul 2018 20:27:58 GMT

Haftar stands against any foreign presence in Lybia

One of the Libyan de facto leaders Khalifa Haftar rejected on Saturday a possibility of any foreign armed forces presence even if its only task would be countering illegal migration.

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