News

Note: This section contains information in English only.
Fri, 17 May 2019 06:57:50 GMT

Amazon close to investment in British Deliveroo

Amazon.com has entered talks to acquire a stake in the British food delivery service Deliveroo, as part of the $575M fundraising, with Deliveroo expected to unveil the deal during the coming days, according to Sky News' report seen on Friday.

Fri, 17 May 2019 06:39:33 GMT

French Naval Group seeks buying Thyssen's marine unit

French Naval Group is considering to purchase Thyssenkrupp's marine unit if the German conglomerate offered the division up for a sale.

Fri, 17 May 2019 06:36:20 GMT

Hewlett Packard Enterprise likely to acquire Cray

Hewlett Packard Enterprise is in there advanced negotiations tot acquire the supercomputer maker Cray, in a deal that might be announced as early as this week, according to Bloomberg.

Fri, 17 May 2019 05:19:45 GMT

China considers cutting fuel prices

According to sources from the industry, the Chinese government is considering cutting wholesale prices of aviation fuel, a measure that could save local airlines up to $145M per year.

Fri, 17 May 2019 05:14:50 GMT

Microsoft, Sony announce strategic partnership

On Thursday, Microsoft Corp and Sony Corp announced that they would form a strategic partnership over joint development of image sensors and cooperation with streaming of video games.

Fri, 17 May 2019 04:18:03 GMT

Singapore Airlines to buy Boeing 737 MAX despite crash

Goh Choon Phong, the Singapore Airlines CEO, stated on Friday that the company did not have intention to cancel its order for acquiring 31 Boeing 737 MAX jets.

Fri, 17 May 2019 04:12:53 GMT

Private equity firms to compete for Hitachi Chemical

According to sources familiar with the matter, the most probable buyers of a stake in Hitachi Chemical are KKR & Co, Carlyle Group, Bain Capital and other large private equity companies.

Fri, 17 May 2019 02:35:27 GMT

Walmart: higher China tariffs to increase prices

Walmart announced expectations for prices for shoppers to increase amid higher tariffs on China's goods, as the world's biggest retailer reported the best comparable sales rise for the Q1 in nine years, with shares closing up 1.4% higher.

Fri, 17 May 2019 02:30:33 GMT

Huawei restricted from having US suppliers

The Trump administration officially added the Chinese Huawei Technologies to the trade blacklist, enacting restrictions, which are expected to make it very difficult for the telecom giant to do business with the US companies.

Thu, 16 May 2019 19:51:04 GMT

EDF vows to safeguard minority shareholders

EDF's CEO Jean-Bernard Levy vowed on Thursday the French state-owned utility would protect minority shareholders in its potential capital restructuring, adding it would also seek the nuclear energy regulation reform to make it more independent from the company's business.

Thu, 16 May 2019 19:50:51 GMT

Italy's Leonardo launches talks on torpedo business alliance

Italy's Leonardo has entered talks with a possible partner regarding the torpedo business alliance, Alessandro Profumo, the Italian defence group's Chief Executive Officer, stated on Thursday.

Thu, 16 May 2019 19:28:03 GMT

BNP Paribas Bank Polska has no plans for acquisitions

BNP Paribas Bank Polska's Chief Executive Przemyslaw Gdanski stated on Thursday the lender had no plans for any acquisition deal, but stressed he was expecting to view the further consolidation on the Polish market.

Thu, 16 May 2019 19:24:16 GMT

WPP shortlists bidders for Kantar

WPP shortlisted the US buyout funds to make binding bids for the controlling stake in the Kantar data analytics unit, seeking to finalise its sale until the end of June, Reuters reported on Thursday, citing four sources familiar with the situation.

Thu, 16 May 2019 18:36:23 GMT

Takeda sees binding bids for Latam business by May-end

Japan's Takeda Pharmaceutical is expecting to receive binding proposals for the company's Latin American business by May's end, according to Reuters sources.

Thu, 16 May 2019 18:31:37 GMT

Osram still in discussion with Bain & Carlyle

On Thursday, Osram, the German lighting group, stated that negotiations with Bain & Carlyle kept going on, following a report saying the private equity firms could make a bid of €35 for the company's share, sending Osram's shares up 4.6% to €28.59.

Thu, 16 May 2019 17:37:06 GMT

SK Group makes $1.0B investment in Vingroup

South Korea's SK Group agreed to acquire 6.1% stake of Vingroup, the Vietnamese largest company, in a deal worth $1.0B seeking for expansion in Southeast Asia's country.

Thu, 16 May 2019 17:36:20 GMT

KCB Group likely to complete NBK takeover by October

KCB Group, Kenya's largest lender by assets, is planning to finalise its takeover of the Kenya National Bank by October, the company announced on Thursday.

Thu, 16 May 2019 16:01:07 GMT

Germany's Helaba and Deka explore tie-up

Helaba and Deka, Germany's public-sector banks, are exploring a possible merger deal amid sign that the German fragmented banking market could be moving towards consolidation.

Thu, 16 May 2019 15:21:01 GMT

Indonesia's CB revises its GDP growth target

The Central Bank of Indonesia revised its forecast over the economic growth and this year's target of 5.2% for 2019, as exports were likely to fall due to an uncertain global economy.

Thu, 16 May 2019 15:20:30 GMT

Malaysian FDI up in Q1

The foreign direct investment in Malaysia grew to nearly $159.21B in the March quarter this year, with the top three sources of Singapore, China's Hong Kong and Japan.

Thu, 16 May 2019 14:58:56 GMT

Pret A Manger plans smaller rival Eat takeover

Pret A Manger, the British coffee and sandwich chain, is getting closer to a deal to acquire its smaller competitor Eat, seeking to boost its offerings for the began and vegetarian consumers, according to Evening Standard.

Thu, 16 May 2019 14:38:14 GMT

MTN Nigeria launches IPO in Lagos

South Africa's MTN Nigeria has debuted in Lagos in the $6.5B listing on Thursday, sending its shares up 10% from the initial IPO price of 90 naira.

Thu, 16 May 2019 14:35:08 GMT

Air Canada considers buying Transat for C$520M

Air Canada announced on Thursday it would acquire Canada's tour operator Transat A.T. in a deal worth C$520M cash as the carrier seeks to establish Montreal's global travel services firm.

Thu, 16 May 2019 13:37:47 GMT

Goldman to acquire United Capital in $750M deal

On Thursday, Goldman Sachs Group stated it was set to acquire United Capital Financial Partners, the wealth management firm, in an all-cash deal valued at $750M, its largest acquisition since the 2008 financial crisis.

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