News

Note: This section contains information in English only.
Wed, 31 Oct 2018 13:37:16 GMT

GM expects robust full year earnings results amid high demand

On Wednesday, General Motors reported a better-than-expected profit results, saying it would expect robust full year earnings results that should be driven by a high demand in North America.

Wed, 31 Oct 2018 12:38:43 GMT

Quad/Graphics to purchase peer LSC for $1.4B

Quad/Graphics, the printing services company, stated on Wednesday it was planning to acquire the peer LSC Communications in the all-stock deal worth around $1.4B, seeking for expansion in the industry.

Wed, 31 Oct 2018 12:35:39 GMT

Italy's state railway to make offer to acquire Alitalia

Ferrovie dello Stato, the Italian local railways, is set to make a proposal to acquire the national carrier Alitalia's assets, the company at the board meeting.

Wed, 31 Oct 2018 11:39:05 GMT

Whittaker-led consortium has time to bid until mid-November

Intu Properties has given to the John Whittaker-led consortium time until November 15 to present a firm proposal for the shopping centre owner.

Wed, 31 Oct 2018 11:36:19 GMT

India's Tata Steel to keep discussing Thyssenkrupp JV

On Wednesday, Tata Steel stated it would continue negotiating with the EU Commission over the planned joint venture with the German firm Thyssenkrupp.

Wed, 31 Oct 2018 10:16:10 GMT

CME Group gets UK approval to buy NEX Group

The British competition watchdog granted its approval to CME Group's $4.96B deal to acquire NEX Group owned by Michael Spencer.

Wed, 31 Oct 2018 10:11:18 GMT

William Hill makes proposal to acquire Sweden's Green & Co

On Wednesday, the UK betting and gaming company William Hill stated it had made a proposal to acquire the Swedish gaming firm Mr Green & Co for $307.40M, as it seeks to diversify and expand into more EU markets.

Wed, 31 Oct 2018 09:30:28 GMT

L'Oreal shares rise on its Q3 sales results

On Wednesday, shares in L'Oreal surged as much as 5.9% in early trading, after the fashion and cosmetics firm reported higher Q3 sales, with a turnover boosted by the rising demand in Asia.

Wed, 31 Oct 2018 09:29:02 GMT

Siemens plans up to €600M investment in Berlin

On Wednesday, Siemens announced it would invest up to €600M in Berlin, seeking to turn the German capital's part into the technology and industrial hub.

Wed, 31 Oct 2018 08:06:51 GMT

Australia's AMP defends its life insurance unit sale

On Wednesday, AMP, the Australian biggest wealth manager, defended the valuation of the firm's life insurance unit, following the fund manager threats to campaign for board spill over a business sale last week for $2.3B.

Wed, 31 Oct 2018 07:51:12 GMT

Petrobras mights sale extra $20B in assets within next year

Brazil's Petroleo Brasileiro might sale an extra $20B in assets within 2019, indicating that the oil company is planning to keep the robust pace of its divestments, in spite of the recent setbacks.

Wed, 31 Oct 2018 07:39:21 GMT

Newell Brands getting closer to sell Jostens to PE

Newell Brands is getting closer to sell its US producer of memorabilia to the private equity group Platinum Equity for about $1.3B, sources reported.

Wed, 31 Oct 2018 07:34:15 GMT

Apollo enters advanced talks to buy Arconic

Apollo Global Management, the private equity firm, has entered the advanced talks to acquire the US aluminium products manufacturer Arconic in a potential deal worth over $11B.

Wed, 31 Oct 2018 06:30:49 GMT

UK to expand its diplomatic network after withdrawal from EU

On Wednesday, the Foreign Secretary of the UK Jeremy Hunt claimed that after the departure from the EU the UK is planning to hire 1000 diplomatic staff to expand its diplomatic network.

Wed, 31 Oct 2018 06:29:24 GMT

T-mobile exceeds Wall Street's quarterly estimates

On Wednesday, T-Mobile US Inc claimed that it managed to beat the Wall Street's estimated profit for the third quarter of 2018 and estimated amount of new subscribers.

Wed, 31 Oct 2018 04:50:22 GMT

China's search engine Baidu beats third quarter estimates

On Wednesday, Chinese search engine company Baidu claimed that it has topped the estimated profit because of the traffic growth on company's mobile app.

Wed, 31 Oct 2018 04:50:11 GMT

Ebay beats quarterly profit estimates

On Wednesday, ecommerce giant Ebay claimed that it has beaten the analysts' estimates with $22B of profit after implementing cost cutting efforts.

Wed, 31 Oct 2018 04:36:36 GMT

Digital bank Monzo hits unicorn status after latest fund raising

On Wednesday, British digital banking startup Monzo, backed by Orange Digital Ventures and Passion Capital, claimed that after the latest funding round it managed to attract $1.3B in total and got a unicorn status.

Wed, 31 Oct 2018 03:00:08 GMT

China's manufacturing sector growth slowest in 2 years

According to the Purchasing Manager's Index, China's manufacturing sector showed the slowest growth for the last two year in October due to the trade war with the US.

Wed, 31 Oct 2018 02:59:11 GMT

Trump: Great trade deal between China and US is possible

On Wednesday, the US President Donald Trump claimed he believes that a "great trade deal" between China and the US could be achieved but warned that in case of no deal the US is ready to implement additional tariffs.

Tue, 30 Oct 2018 21:07:55 GMT

Sports Direct to shut down stores in rescue of Evans Cycles

The UK sportswear group Sports Direct acquired Evans Cycles, the specialist cycling retailer, to rescue the firm from liquidation, saying the chain is planning to keep only half of its 62 stores open.

Tue, 30 Oct 2018 21:06:42 GMT

CVC, Bain buyout companies fight for Papa John's

The private equity firms CVC Capital Partners and Bain Capital are competing to take over the third-biggest pizza delivery group in the world, Papa John's, sources with a knowledge said on Tuesday.

Tue, 30 Oct 2018 19:53:04 GMT

Allergan disappointed with buyer interest in its business units

On Tuesday, Allergan's CEO Brent Saunders stated that the early offers proposed by possible buyers for its business units, which had been put up for a sale, undervalued the firms, sending the company's shares down over 6%.

Tue, 30 Oct 2018 19:52:29 GMT

Traub Capital acquires Hero's Signature Brands unit

The Hero Group, Swiss consumer goods firm, announced on Tuesday it had sold its US decoration business unit Signature Brands to Traub Capital, not disclosing the financial terms of the deal.

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