News

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Fri, 04 Jan 2019 07:36:47 GMT

Indonesia's Pertamina signs deals with contractors for domestic crude oil

Indonesia's state energy firm PT Pertamina is set to buy domestic crude oil from contractors, such as PetroChina, Chevron, Petrogas and others, starting from this year's Januaary.

Fri, 04 Jan 2019 07:32:09 GMT

Alphabet's Verily attracts $1.0B from investors

On Thursday, Alphabet's life science tech unit Verily announced a $1.0B worth investment round led by the private equity group Silver Lake, with its Managing Director, Egon Durban, to be nominated to the division's operating board.

Thu, 03 Jan 2019 20:47:07 GMT

2.3M tourists visit Sri Lanka in 2018

2.3M tourists visited Sri Lanka in 2018, compared to 2.1M tourists in 2017, the Sri Lanka Tourism Development Authority reports.

Thu, 03 Jan 2019 20:46:26 GMT

Iran's FM to visit Iraq, India for talks

The Iranian Foreign Minister Mohammad Javad Zarif plans to visit India and Iraq to improve bilateral cooperation, the Tasnim News Agency reports.

Thu, 03 Jan 2019 20:38:15 GMT

Macau International Airport reports strong performance

The Macau International Airport welcomed 8.26M passengers in 2018, an increase of 15% compared to 2017, the airport reports.

Thu, 03 Jan 2019 20:37:35 GMT

Singapore PMI declines to 51.1 in December

The country's purchasing managers' index declined to 51.1 in December from 51.5 in November, the Singapore Institute of Purchasing and Materials Management reports.

Thu, 03 Jan 2019 18:45:28 GMT

China's consumption to maintain growth in 2019

Consumption is expected to be the largest contributor to China's economic expansion in 2019, the Ministry of Commerce reports.

Thu, 03 Jan 2019 18:44:31 GMT

Cambodian economy expands in 2018

The Cambodian economy is expected to expand 7.3% in 2018 and another 7% in 2019, the National Bank of Cambodia reports. 

Thu, 03 Jan 2019 18:38:35 GMT

WFP secures $7M for food aid in S. Sudan

China plans to contribute $7M to purchase rice and other commodities for people in South Sudan, the United Nations World Food Programme says.

Thu, 03 Jan 2019 18:37:42 GMT

Turkey, Iraq to expand anti-terrorism cooperation

Turkey and Iraq plan to deepen cooperation in the combat against terrorism, the Turkish President Recep Tayyip Erdogan says.

Thu, 03 Jan 2019 17:02:22 GMT

Shares of Apple Inc fall by 10% on Thursday

On Thursday, Apple Inc shares declined more than 10% after the company warned that it would badly miss its quarterly sales forecast because of weak China demand.

Thu, 03 Jan 2019 17:02:14 GMT

Shares of Delta Air Lines decline by 10%

On Thursday, Delta Air Lines Inc shares fell by 10% after the company warned that Q4 revenue would be lower than forecast.

Thu, 03 Jan 2019 16:19:31 GMT

Oil prices bounce back on Thursday

On Thursday, crude oil prices rebounded after an early decline, buoyed by the US Dollar weakness and signs that OPEC is delivering on cuts, that helped ease concerns.

Thu, 03 Jan 2019 16:13:08 GMT

Wall Street slides nearly 600 points on Thursday

On Thursday, US stocks dropped sharply, after Apple warned that it would miss its quarterly sales forecast, and the Dow Jones Industrial fell about 600 points.

Thu, 03 Jan 2019 15:01:56 GMT

UBS chairman dismisses rumours on possible mergers

The Chairman of the Swiss bank UBS, Axel Weber, dismissed speculations over its potential merger deal with Deutsche Bank or any other lender, the Tages-Anzeiger newspaper reported on Thursday.

Thu, 03 Jan 2019 14:51:02 GMT

KKR to buy 50% stake in Altavair AirFinance

On Thursday, the US private equity titan KKR & Co stated it would acquire a 50% stake in the US plane leasing firm Altavair AirFinance to create the leased aircraft commercial portfolio.

Thu, 03 Jan 2019 14:35:58 GMT

Coca-Cola gets EU clearance for Costa acquisition

The European Union has cleared the Costa Coffee sale to the US drinks giant Coca-Cola from Britain's hotel and restaurant owner Whitbread, the EU Commission announced on Thursday.

Thu, 03 Jan 2019 14:25:22 GMT

Bristol-Myers to acquire Celgene for $74B

On Thursday, Bristol-Myers Squibb announced it would expand its portfolio with the acquisition of Celgene Corp worth about $74B, marking one of the largest merger deals in the cancer drug sector.

Thu, 03 Jan 2019 13:35:37 GMT

Brazil's BRF completes sale of Argentinian unit to Marfrig

BRF the Brazilian food processor, finalised the sale of 92% of its Argentinian division Quickfood SA, worth $60M, to the meat distributor Marfrig Global Foods.

Thu, 03 Jan 2019 12:57:54 GMT

Arconic's shares up on potential buyout by Apollo Global

Arconic's shares surged as much as 9.7% after Bloomberg's report that the US aluminium products maker had entered talks with Apollo Global Management over a potential buyout worth around $22 per share.

Thu, 03 Jan 2019 12:37:41 GMT

Qatar Airways buys 5% in China Southern Airlines

Qatar Airways announced on Wednesday it had acquired a 5% of China Southern Airlines, seeking to receive the access to the Chinese fast-growing market.

Thu, 03 Jan 2019 11:39:21 GMT

New Barrick explores several options to halt Tanzanian tax row

The new Barrick Gold is exploring several options for its Acacia Mining stake, including a potential sale, as the company seeks terminating an almost two-year-long Tanzania tax dispute, which shuttered all the firm's operations in the country.

Thu, 03 Jan 2019 11:35:41 GMT

China Tobacco files for IPO in Hong Kong

The overseas unit of the Chinese cigarette monopoly, China Tobacco International, has filed for an initial public offering in Hong Kong, seeking to raise about $100M.

Thu, 03 Jan 2019 10:37:46 GMT

DNO lifts stake in Faroe Petroleum to 43%, extends bid deadline

DNO, the Norwegian oil company, has increased its stake in the British firm Faroe Petroleum to around 43%, falling short of 57.5% needed to grant it the unasailable majority shareholding.

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