News

Note: This section contains information in English only.
Thu, 11 Apr 2019 09:38:35 GMT

PG&E enters talks with BlueMountain over expansion

PG&E, California's utility owner, is considering over its board expansion, as it seeks to settle the on-going fight with its shareholder BlueMountain Capital.

Thu, 11 Apr 2019 08:35:17 GMT

Qatar-Air Italy deal faces US scrutiny

Qatar Airways' takeover of a 49% stake in the Italian carrier Air Italy is facing scrutiny from the United States, as lawmakers see no new fights added to its domestic market.

Thu, 11 Apr 2019 08:18:46 GMT

G4S surges on GWS possible bid

The Canadian firm Garda World Security stated it was exploring a cash bid for G4S, sending the security company's shares up around 20% to 215.35 pence.

Thu, 11 Apr 2019 07:29:08 GMT

Mediobanca to reveal French Messier Maris takeover

On Thursday, Mediobanca, the Italian investment bank, is set to unveil its purchase of 66% stake in Messier Maris & Associes, the French merchant bank, on the back of the company's intention to expand into the private banking.

Thu, 11 Apr 2019 07:24:53 GMT

Pamplona plans stake sale in Cofense

The US cybersecurity company Cofense stated the buyout group Pamplona Capital Management would sell its minority stake in the firm after a months-long probe launched by the US national security regulators.

Thu, 11 Apr 2019 06:39:37 GMT

VW plans taking stake in China's JAC

Volkswagen is considering to take a large stake in the Chinese EV partner JAC Motors by hiring Goldman Sachs to advise on its deal, sources reported on Thursday.

Thu, 11 Apr 2019 03:32:04 GMT

Cambodian rice exports to China increase 59% in Q1

Cambodia exported more than 75K metric tons of rice to China in the Q1 of 2019, a 59% rise over the same period in the prior year, according to an official report.

Thu, 11 Apr 2019 03:28:09 GMT

China's CPI rises 2.3% in March

The Chinese Consumer Price Index, the main gauge of inflation, grew 2.3% year-over-year in March, the NBS stated, following a 1.5% rate in the prior month.

Thu, 11 Apr 2019 02:34:48 GMT

Amazon buys Canvas Technology

Amazon.com stated that it acquired Canvas Technology, the robotics startup in Colorado, that has built autonomous carts, which can move good in warehouses.

Thu, 11 Apr 2019 02:32:24 GMT

Deutsche Boerse to buy some unit of Refinitiv FX

Germany's stock exchange operator Deutsche Boerse stated that it was in concrete negotiations with Refinitiv over the potential acquisition of some FX business units.

Wed, 10 Apr 2019 20:07:40 GMT

Venezuela announces oil supply collapse

Oil prices surged on Wednesday due to Venezuelan authorities revealing that its oil production has decreased to a new low level. The output has fallen due to US sanctions and blackouts.

Wed, 10 Apr 2019 20:07:15 GMT

US legislators increase electric car tax credit

On Wednesday, a group of US lawmakers announced legislation that would expand the current electric vehicle credit to include 400,000 cars per producer. The news boosted General Motors and Tesla stock prices.

Wed, 10 Apr 2019 18:56:06 GMT

Norwegian Crown reaches high level

During Wednesday's trading session the Norwegian Crown reached a five month high level against the Euro. The surge of the currency was caused by higher than expected Norwegian inflation data.

Wed, 10 Apr 2019 18:55:21 GMT

Crown Resorts shares fall

On Wednesday, as Crown Resorts announced that they will not take over Wynn Resorts, the stock price of Crown Resorts plummeted.

Wed, 10 Apr 2019 17:41:07 GMT

ECB keeps policy unchanged

On Wednesday, the European Central Bank announced that it is set to keep its monetary easing policy unchanged. It indicates that the value of the EUR will decline, as there will be more of the currency in circulation.

Wed, 10 Apr 2019 16:49:04 GMT

EU grants UK Brexit delay

The talks between the EU leaders and the United Kingdom delegation on Wednesday resulted in the EU leaders deciding to grant the United Kingdom a second Brexit delay. The announcement increased uncertainty about the future of the UK and with it decreased the value of the GBP.

Wed, 10 Apr 2019 15:45:09 GMT

EU comments on no-deal Brexit

The spokesman of the European Commission Margaritis Schinas announced that the EU has fully prepared for a no-deal Brexit scenario.

Wed, 10 Apr 2019 14:59:44 GMT

US banking CEOs testify before Congress

CEOs of largest US banks were set to testify before the Congress on Wednesday. This is the first time that the CEOs are set to testify since the 2007-2009 financial recession.

Wed, 10 Apr 2019 14:59:36 GMT

French officials raid wine and spirit makers

On Wednesday, French anti-trust officials raided wine and spirit production companies. The raids were conducted on the base of suspected possible illegal anti-competitive practices.

Wed, 10 Apr 2019 13:44:57 GMT

Saudi Kingdom Holding CEO comments on Aramco bonds

The head of the Saudi Kingdom Holding Prince Alwaleed announced on Wednesday that the firm did not buy any Saudi Aramco issued bonds. The CEO of the company announced that the yield of the bonds is lower than the fund expects.

Wed, 10 Apr 2019 13:44:47 GMT

Saudi Aramco bonds surge

On Tuesday, Saudi Aramco released its first bond, which set a $100 billion demand record. The company issued $12 billion worth of bonds. On Wednesday, the price of the bond increased during the Asian trading session.

Wed, 10 Apr 2019 13:38:44 GMT

Merkel comments on Brexit

After the EU granted the UK another Brexit extension the Chancellor of Germany Angela Merkel announced that the United Kingdom has to be given reasonable time to work out a Brexit deal. The increase of the future uncertainty hurt the value of the GBP.

Wed, 10 Apr 2019 13:32:19 GMT

Delta increases profit forecasts

On Wednesday, Delta Air Lines increased its second quarterly profit forecast. The event caused a three percent surge in the company's stock price.

Wed, 10 Apr 2019 13:26:47 GMT

North Korea calls party meeting

On Wednesday, the North Korean state media announced that the ruling party of the country will hold a meeting to discuss how to make progress during current "tense situation." The announcement signals that progress will be made in the US-NK talks.

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