News

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Tue, 24 Jul 2018 12:18:06 GMT

Synovus to acquire Florida bank for $2.9B deal

On Tuesday, Synovus Financial stated it would acquire Florida's bank in a $2.9B deal to bolster the deposits and become a leader in the US Southeast region among lenders.

Tue, 24 Jul 2018 10:08:28 GMT

SFO seeks to resurrect prosecution against Barclays

The UK's Serious Fraud Office seeks to re-open its prosecution against Barclays which was accused of providing undisclosed payments to Qatari investors during the financial crisis.

Tue, 24 Jul 2018 10:03:23 GMT

Euro zone's services PMI below forecasts in July

Markit's Flash Purchasing Managers' Index for the Euro zone fell to 54.3 in July, which is below analysts' forecasts, showing that the economy was slowing down more than expected.

Tue, 24 Jul 2018 08:35:19 GMT

German regulator grants approval to ProSieben-Discovery venture

On Monday, the German antitrust regulator has granted its approval to the streaming venture between the US company Discovery and Germany's broadcaster ProSiebenSat.1 Media.

Tue, 24 Jul 2018 08:26:15 GMT

British government sees new way to ban foreign takeovers

Britain's government is viewing new powers to ban or unwind the foreign takeovers that potentially threaten to the country's national security, according to Sky News.

Tue, 24 Jul 2018 07:16:59 GMT

Russia's Usmanov considers 30% stake sale in Arsenal

The Russian billionaire Alisher Usmanov is considering a sale of a 30% stake in the English football club Arsenal, according to the Financial Times report posted on Tuesday.

Tue, 24 Jul 2018 07:13:29 GMT

China's SDIC to acquire Nutrien's controlling stake in Arab Potash

China's SDIC is set to acquire the Canadian fertilizer provider Nutrien's 28% controlling stake in Arab Potash for $502M, the Chinese domestic firm stated on Monday.

Tue, 24 Jul 2018 06:39:46 GMT

Morgan Stanley, JPMorgan set to advise on Saudi Aramco SABIC deal

Morgan Stanley and JPMorgan have been set to advise on the Saudi Aramco's SABIC deal to acquire its majority stake, a couple of sources reported.

Tue, 24 Jul 2018 06:34:05 GMT

Italy's Amplifon to acquire Gaes Group in $617M cash-deal

Amplifon SpA, Italy's hearing aid maker, stated on Tuesday it had agreed to acquire the privately-held peer GAES Group in a $616.6M cash-deal, seeking to become a leader in Spain, entering new markets.

Tue, 24 Jul 2018 04:55:09 GMT

Ele.me to spend $442M on subsidies, marketing

The Chinese food delivery company Ele.me, which is owned by Alibaba Group Holding Ltd, plans to spend around $442M on subsidies and marketing to fight against the fierce competition.

Tue, 24 Jul 2018 04:52:57 GMT

Malaysia Airlines seeks loan for jet purchase

Malaysia Airlines Bhd was communicating with banks to obtain financing for the purchase of nine Boeing 737 MAX planes, as reported by Reuters on Tuesday. 

Tue, 24 Jul 2018 04:09:05 GMT

Bank of Marin reports $14.3M in earnings for six-month period

Bank of Marin Bancorp reported stronger earnings during Q2Y2018 due to expense management and growing deposits and loans, thus totalling earnings for the first six months to $14.3M.

Tue, 24 Jul 2018 04:07:50 GMT

Asian market gains on Tuesday

Asian stocks appreciated on Tuesday in response to the weaker Yen, with financial and insurance companies leading the gains.

Tue, 24 Jul 2018 02:53:31 GMT

Nike to raise wages for 7.5K employees

Nike Inc stated that it is set to raise wages for nearly 7.5K employees, following a global review of pay, two months after the company concluded a probe into workplace behaviour resulting in the top executives' departure.

Tue, 24 Jul 2018 02:53:24 GMT

Alphabet hits profit estimates, as Google holds back costs

Alphabet revealed that expenses from the company's Google search business expanded more slowly in the Q2, while revenue grew more steeply than anticipated, pushing shares up 3.6% after hours.

Tue, 24 Jul 2018 02:34:47 GMT

Mexico, US anticipate progress in NAFTA talks

The US President Donald Trump spoke warmly of Mexican incoming president, saying he anticipated to get something worked out on NAFTA, while a top Mexico's official stated that there was scope to revive the trade negotiations this week.

Tue, 24 Jul 2018 02:30:55 GMT

Japanese manufacturing activity weakest in years

Japan's manufacturing activity grew at the weakest pace in 1-1/2 years this month, a preliminary survey revealed, in a sign that an intensifying trade war started to put the brakes on major economies.

Mon, 23 Jul 2018 19:55:24 GMT

BoE says renewed payments system adapted to blockchain

According to the Bank of England, the renewed RTGS payments system would be able to engage with fintech firms which are using blockchain, thus boosting innovation.

Mon, 23 Jul 2018 19:54:05 GMT

US stocks gain on higher bond yields

US stocks strengthened on Monday, as higher 10-year bond yields had positive effect on company financials.

Mon, 23 Jul 2018 19:01:36 GMT

Wren House to buy oil, gas company NSMP

Wren House, a UK-based infrastructure arm of the sovereign wealth fund Kuwait Investment Authority, agreed to buy North Sea Midstream Partners without disclosing financial terms.

Mon, 23 Jul 2018 19:00:00 GMT

Papa John's shares plunge following stock dilution announcement

Shares of the US restaurant franchise company Papa John's International fell 8% on Monday after it announced an implementation of the ‘poison pill' stock dilution.

Mon, 23 Jul 2018 18:10:29 GMT

Veolia names new CFO

The French water and waste company Veolia has appointed Claude Laruelle as its new Chief Financial Officer.

Mon, 23 Jul 2018 18:05:54 GMT

Broadbent: interest rate changes will be main policy tool for BoE

The Deputy Governor of the Bank of England Ben Broadbent said changes in interest rates would be the bank's main policy tool when it started selling its QE assets worth £435M.

Mon, 23 Jul 2018 17:11:59 GMT

CADA: Chinese used-car market to expand in 2018

According to the China Automobile Dealers Association, the Chinese market for used cars will continue to expand in 2018 with estimated 15M vehicles being sold throughout the year.

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