News

Note: This section contains information in English only.
Fri, 16 Nov 2018 15:32:29 GMT

Japan's MUFG becomes leader in bid for DVB's aviation finance

Japan's group Mitsubishi UFJ Financial has become the leading bidder for DZ Bank's aviation financing business, a deal that might be valued at around $1.1B, sources reported.

Fri, 16 Nov 2018 14:38:03 GMT

Kazakh state pension fund buys one-third of Kazatomprom shares

The state-run pension fund of Kazakhstan has acquired one-third of the uranium miner Kazatomprom's shares in its $450M worth Astana and London IPO held this week.

Fri, 16 Nov 2018 14:33:11 GMT

US investigators urge investment banks for info on Danske transactions

The US criminal investigators called on the investment banks, such as JPMorgan, Bank of America and Deutsche Bank, to provide all the information about transactions handled for the Estonian branch of Danske Bank in money laundering probe.

Fri, 16 Nov 2018 13:38:56 GMT

France's ADP privatisation plan raises interest from several consortiums

Several consortiums have raised a strong interest in France's plans to take Aeroports de Paris private, Martin Vial, the state holding chief, reported on Friday.

Fri, 16 Nov 2018 13:35:28 GMT

Energizer to acquire Spectrum's GAC for $1.25B

Spectrum Brands Holdings, the consumer products company, is planning a sale of the global auto care business to the battery producer Energizer Holdings in a stock-and-cash deal worth around $1.25B.

Fri, 16 Nov 2018 12:08:28 GMT

Czech PM has no doubts he will never resign over inquiry

On Friday, the Prime Minister of the Czech Republic, Andrej Babis, claimed he would never step down from his post, dismissing the suggestions he might resign due to accusations concerning a fraud probe.

Fri, 16 Nov 2018 12:03:26 GMT

PG&E shares rise 40% on bankruptcy avoidance report

Shares in PG&E surged 40% on Thursday on a regulatory report that the agency seeks to avoid the bankruptcy from the November's deadly wildfires in the northern California.

Fri, 16 Nov 2018 11:00:44 GMT

Stocks and GBP try to recover on Friday

After the drop that occurred previously due to the Brexit deal being made, UK stock indices and the Pound were recovering on Friday.

Fri, 16 Nov 2018 11:00:09 GMT

UK companies prepare for hard Brexit

On Friday, it was announced by a number of UK companies that they are still preparing for a hard Brexit scenario.

Fri, 16 Nov 2018 10:30:48 GMT

Sears gets bankruptcy court approval to sell stores

On Thursday, Sears Holdings has received he US bankruptcy court's approval to move ahead with its plans to sell the company and stores in the firm's efforts to stay in the business.

Fri, 16 Nov 2018 10:25:49 GMT

T-Mobile sees Sprint deal to be completed in 2019 Q1

T-Mobile US stated it was expecting to finalise its takeover of Sprint Corp as soon as the Q1 of the next year amid indications it was receiving from regulators, the CFO J. Braxton Carter announced.

Fri, 16 Nov 2018 09:09:57 GMT

Rovio Entertainment needs new games to revive sales

The "Angry Birds" maker Rovio Entertainment stated on Friday it needed to launch new games to boost growth and revitalise sales that were expected to drop that year after a report of the higher Q3 profits.

Fri, 16 Nov 2018 09:04:50 GMT

Britain's Kier confident of meeting annual expectations

On Friday, the UK builder Kier Group stated it was set to meet its full-year expectations amid a robust second half, saying it was confident of shrugging off the hit to construction sector caused by Brexit.

Fri, 16 Nov 2018 07:51:45 GMT

Bahrain closes $912M deal with Bell Helicopter

Bahrain has clinched a $912M agreement to acquire twelve AH-1Z Viper helicopters from the US aerospace manufacturer Bell Helicopter Textron, according to a Bahrain News outlet's report.

Fri, 16 Nov 2018 07:51:15 GMT

ABB in talks over Power Grids sale

ABB is in negotiations with at least three Asian suitors, Mitsubishi Electric, Hitachi and China's State Grid, over a potential sale of the Swiss engineering firm's power grids business.

Fri, 16 Nov 2018 07:38:00 GMT

Jet Airways shares jump on Tata rescue deal

On Thursday, shares of the Indian carrier Jet Airways surged 25% on reports that the struggling airline will be rescued by India's Tata Sons.

Fri, 16 Nov 2018 06:09:25 GMT

Oil prices continue recovering

Crude oil prices surged by 38 cents or 0.7% on Friday morning, reaching $56.84 per barrel, amid widely expected beginning of supply limitation by members of the OPEC.

Fri, 16 Nov 2018 06:05:20 GMT

China investigates actions of Japanese manufacturers

Several Japanese manufacturers, such as Fanuc Corp and Brother Industries Ltd, came under investigation of the China's Ministry of Commerce for supposed dumping of machine tools.

Fri, 16 Nov 2018 04:12:00 GMT

Indian house prices to grow at half rate of inflation next year

House prices in India are expected to rise at half the rate of consumer inflation in 2019, hit by dwindling credit supply, a Reuters poll said, adding that the national capital Delhi is likely to be hit hardest.

Fri, 16 Nov 2018 04:08:19 GMT

Fed to review how it pursues employment, inflation targets

The Federal Reserve, under pressure from the White House, while it hit inflation and employment goals, is set to conduct a review in 2019, how it guides the US economy, seeking to become more open and accountable.

Thu, 15 Nov 2018 21:25:05 GMT

Wells Fargo plans 1K job cuts in US

Wells Fargo & Co stated that it notified nearly 1K employees in its Virtual Solutions and Innovations, Consumer Lending and Payments groups of plans to eliminate positions.

Thu, 15 Nov 2018 21:23:25 GMT

Tesla cuts prices of home solar systems to encourage sales

Tesla cut prices on residential solar systems by 25% in a bid to spur lagging sales after the firm streamlined marketing and sales organisation, company's official stated.

Thu, 15 Nov 2018 19:55:39 GMT

USDA pays $840M in aid to farmers

On Thursday, the US Department of Agriculture said that it has paid out approximately $840 million in aid to farmers.

Thu, 15 Nov 2018 19:55:08 GMT

UK's PM May promises to push for her draft Brexit deal

On Thursday, the UK Prime Minister Theresa May promised to fight for the draft Brexit deal with the European Union.

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