News

Note: This section contains information in English only.
Wed, 27 Feb 2019 20:14:36 GMT

US arrests My Big Coin founder

US authorities revealed on Wednesday that the founder of My Big Coin has been arrested and will be charged with fraud.

Wed, 27 Feb 2019 20:13:02 GMT

Airbus goes around German arms ban

On Wednesday, Airbus announced that it will overcome German freeze of arms sales to Saudi Arabia by redesigning a military aircraft model, which is built in Spain.

Wed, 27 Feb 2019 18:43:08 GMT

US and China are far from trade deal

On Wednesday, the Robert Lighthizer, who is the US Trade Representative, announced to US Congress that the US and China are far from reaching a trade deal.

Wed, 27 Feb 2019 18:24:10 GMT

Oil prices continue to surge

During the second half of Wednesday's London trading session crude oil prices had risen more than two percent. The reason for the surge was the fact that Saudi Arabia ignored US pressure to stop production cuts.

Wed, 27 Feb 2019 18:19:24 GMT

Musk reveals announcement time

During a series of twitter posts about the SEC the Chief Executive Officer of Tesla announced that the company will have significant news to announced at 14:00 PM on Thursday California time.

Wed, 27 Feb 2019 18:18:54 GMT

Macron comments on Brexit

Late on Wednesday the President of the French Republic announced that the United Kingdom would need to justify any delays in Brexit. The UK would have to state clear objectives.

Wed, 27 Feb 2019 17:00:33 GMT

Merkel seeks deal with China

A German magazine on Tuesday published a story, which announced that the German Chancellor is seeking a no spying deal with China. The deal would allow Huawei to build a 5G network.

Wed, 27 Feb 2019 17:00:22 GMT

Best Buy shares jump higher

On Wednesday, Best Buy share price surged by 16 percent due to an increase of the company's yearly profit forecast.

Wed, 27 Feb 2019 16:21:35 GMT

US Dollar continues to surge

As the US trading session started on Wednesday, the US Dollar was gaining value against other currencies. Although, the currency was confined to certain ranges due to Jerome Powell's comments.

Wed, 27 Feb 2019 16:21:00 GMT

Kashmir conflict boosts safe haven assets

On Wednesday, as both India and Pakistan claimed that they have downed each other's airplanes, safe haven currencies and assets like gold, Japanese Yen and the Swiss Franc were gaining value.

Wed, 27 Feb 2019 15:39:24 GMT

Cogeco plans cloud services arm's sale

On Wednesday, Canada's Cogeco Communications stated it was planning to sell the company's cloud services arm, Cogeco Peer 1, in a $548.74M deal with Digital Colony.

Wed, 27 Feb 2019 15:37:26 GMT

Merck offers $5.9B to acquire Versum

Germany's lab and drugs supplies maker Merck has made an all-cash offer to acquire Versum Materials, valuing the US electronic materials developer at $5.9B, including debt.

Wed, 27 Feb 2019 14:10:07 GMT

Nisshin Seifun to take over Allied Mills

Nisshin Seifun, Japan's flour maker, agreed to acquire the Australian firm allied Mills from the private equity group Pacific Equity Partners in a deal valued at A$574M, in the company's overseas expansion drive.

Wed, 27 Feb 2019 14:06:27 GMT

ClearScore, Experian drop planned merger deal

The world's largest credit data company Experian announced on Wednesday it had come to an agreement with its competitor ClearScore to abandon the proposed merger, following British competition regulator's warning it could block the deal.

Wed, 27 Feb 2019 13:38:48 GMT

Saudi Aramco hires Goldman as bookrunner

Saudi Aramco added the US investment bank Goldman Sachs as its bookrunner for the planned bond that should help it finance the stake acquisition in SABIC.

Wed, 27 Feb 2019 13:35:43 GMT

Sarepta to acquire Myonexus in $165M deal

On Wednesday, Sarepta Therapeutics announced it would acquire the privately owned gene therapy firm Myonexus Therapeutics in a deal worth $165M, expanding its footprint in the biotech sector.

Wed, 27 Feb 2019 11:51:10 GMT

China will resolve shadow banking issues

The Peoples Bank of China announced on Wednesday that the Chinese authorities will soon deal with all risks created by the shadow banking sector.

Wed, 27 Feb 2019 11:50:40 GMT

Safe haven currencies surge

On Wednesday, the Japanese Yen and the Swiss Franc gained value on the news that Pakistani military shot down Indian jets over Kashmir.

Wed, 27 Feb 2019 10:16:34 GMT

China's CDH seeks to attract $1.0B in VC arm

China's CDH Investments plans to attract about $1.0B in yuan and dollar funds via its venture capital arm, as it seeks to invest in such sectors as logistics and healthcare.

Wed, 27 Feb 2019 10:13:38 GMT

Companies submit their bids for Nexon

Electronic Arts, Amazon and Comcast submitted their initial bids for the South Korean holding firm Nexon, according to a Maeil Business Newspaper's report published on Wednesday.

Wed, 27 Feb 2019 09:00:28 GMT

Cerberus ready for Deutsche Bank-Commerzbank merger

The US investor Cerberus is ready for a potential merger deal between Commerzbank and Deutsche Bank, Germany's two biggest private lenders, sources with a knowledge announced on Wednesday.

Wed, 27 Feb 2019 08:50:14 GMT

LafargeHolcim plans assets sale in Southeast Asia

LafargeHolcim is planning its assets sale in Southeast Asia within the following five years amid the firm's weak performance, according to an Industrial Info Resource's report published on Wednesday.

Wed, 27 Feb 2019 08:38:28 GMT

Sunrise in talks to buy Liberty Global's Swiss unit

Sunrise Communications is in advanced talks to acquire Liberty Global's Swiss internet and digital TV provider in a deal worth $6.30B.

Wed, 27 Feb 2019 04:37:03 GMT

Brazil's CAOA considers buying Ford factory

Brazil's automaker CAOA, which produces cars with Korea's Hyundai and China's Chery Automobile, was in talks to purchase Ford Motor's plant in the country, which was slated to close this year, according to sources familiar with the matter.

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