News

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Thu, 10 May 2018 11:53:27 GMT

Iraq to shut down airports, border crossings amid election

Iraq is planning to shut down its border crossings and airports for 24 hours on May 12 during the election, the first held in the country after it defeated the Islamic State militants.

Thu, 10 May 2018 11:35:01 GMT

Canada's Tire to acquire sportswear firm Helly Hansen

On Thursday, Canada's retailer Tire said it would acquire the Norway-based work-wear and sportswear brand Helly Hansen in a C$985M deal, including debt, seeking to add earnings.

Thu, 10 May 2018 11:31:28 GMT

France's Total to acquire 25% stake in Clean Energy Corp

France's oil giant Total agreed to acquire up to 50.8M shares in Clean Energy Corp in a deal worth $83.4M, becoming the biggest stockholder with a 25% stake.

Thu, 10 May 2018 10:14:24 GMT

Panasonic sees higher operating profit due to increase in EV battery sales

The Japanese electronics company Panasonic Corp projects an increase in operating profit by 11.7% during this fiscal year due to higher automotive batteries sales.

Thu, 10 May 2018 10:01:20 GMT

Crude gains on Thursday due to possible Iran sanctions

The price of US WTI crude and Brent futures rose to new highs on Thursday, as the market projected tighter supply in response to possible US sanctions against Iran.

Thu, 10 May 2018 09:37:50 GMT

I Squared to acquire trailer leasing company TIP in $1.2B deal

On Wednesday, Britain's investor I Squared Capital agreed to acquire the trailer leasing firm TIP Trailer Service from the Chinese company HNA Group.

Thu, 10 May 2018 09:29:24 GMT

Alstom clinches $3B deal with GE to exit energy JV

On Thursday, France's manufacturing group Alstom announced it had clinched a deal with General Electric to exit three energy joint ventures in payment return of $3.08B.

Thu, 10 May 2018 08:29:41 GMT

Spanish Azora halts IPO amid Blackstone's Hispania deal

Azora Altus, the Spanish property manager, has dropped its debut and decided to postpone the initial public offering on Spain's stock exchange due to an uncertainty arisen from the Blackstone's bid for Hispana real-estate unit.

Thu, 10 May 2018 08:09:22 GMT

SABIC views 50% stake in ONGC's India petchem factory

Saudi's SABIC is seeking to acquire a 50% stake in the $4.6B Indian petchem plant supported by Oil and Natural Gas Corp, sources familiar with the issue reported on Wednesday.

Thu, 10 May 2018 06:21:47 GMT

Sonatrach to acquire ExxonMobil's oil refinery in Italy

Sonatrach, Algeria's state energy company, is planning to acquire ExxonMobil's 175K barrel-per-day Augusta oil refinery in Italy's island of Sicily amid North African producer's intention to lower its hefty fuel bills.

Thu, 10 May 2018 06:17:48 GMT

Xerox board to resume talks with Fujifilm over better deal terms

On Wednesday, Xerox stated it was eager to resume the merger talks with Fujifilm, seeking for better deal to the terms revealed in January that had spurred a fight over the firm.

Thu, 10 May 2018 05:19:01 GMT

Bank of Japan's meeting lays groundwork for stimulus exit

The Bank of Japan is set to prepare markets for the bank's future withdrawal of the monetary stimulus program, a summary of an April meeting showed.

Thu, 10 May 2018 04:33:05 GMT

Britain's house-price gauge falls to lowest since 2012

The UK house prices gauge dropped to the lowest level in more than 5 years of a negative 8 in April amid a slump in London and the country's southeast region.

Thu, 10 May 2018 04:24:17 GMT

Axa Equitable rises $2.75B in biggest US IPO

Axa Equitable, encompassing the US operations for France's insurance giant Axa, raised $2.75B in the largest US IPO this year despite falling $1B short of a targeted share sale.

Thu, 10 May 2018 04:23:21 GMT

RBS gets $4.9B deal to settle US probe on mortgage bond sale

Royal Bank of Scotland stated that it agreed to pay $4.9B to resolve the US Justice Department probe into the bank's structuring and mortgage bond sale ahead of the crisis in 2008.

Thu, 10 May 2018 03:34:25 GMT

Ford: lost truck production to hit earning is Q2

Quarterly earnings of Ford Motor are likely to be affected by shutdowns of the company's three US truck plants due to the fire at a supplier of key parts.

Thu, 10 May 2018 03:33:16 GMT

Philippine GDP growth seen above 6% last quarter

The Philippine economy expanded 6.8% in the last quarter from a year before, driven by rising government spending and private consumption.

Thu, 10 May 2018 02:31:15 GMT

Chinese PPI grows 3.4% in April

China's Producer Price Index increased 3.4% year-on-year in April, the first rise in the last seven months, official data revealed.

Thu, 10 May 2018 02:29:36 GMT

China's consumer inflation cools to 1.8% in April

China's yearly consumer inflation growth weakened to 1.8% in April, slightly below expectations, an official report showed. 

Wed, 09 May 2018 19:55:20 GMT

US Transportation Department prepares new drone regulations

On Wednesday, the US Transportation Department sent two proposed rules to be reviewed by the White House regarding the regulation of the increased amount of unmanned aerial vehicles.

Wed, 09 May 2018 19:54:44 GMT

Rolls-Royce COO to leave because of streamlining

Chief Operating Officer of Rolls-Royce Holdings Plc Simon Kirby will resign from his post in June as the new strategy of the Brtish manufacturer aims to streamline company's business.

Wed, 09 May 2018 19:17:54 GMT

Ford plans to restore trucks productions in nearest time

Ford Motor Co is working with its key supplier Meridian Magnesium Products to shift part of the production to Ontario, Canada, after a fire on supplier's plant in Michigan, hoping to restore the production in the nearest time.

Wed, 09 May 2018 19:07:48 GMT

Rouhani: Europe has limited opportunity to save nuclear deal

On Wednesday, the President of Iran Hassan Rouhani told the President of France Emmanuel Macron that in current situation Europe has very limited opportunities to save the nuclear deal.

Wed, 09 May 2018 18:28:46 GMT

Boeing CEO: end of Iran nuclear deal not hurts 737 production

On Wednesday, chief executive of Boeing Co Dennis Muilenburg claimed that the end of Iran nuclear deal and revoking of license to sell 737 aircraft to Iran will not hurt company's production plans. 

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