News

Note: This section contains information in English only.
Thu, 18 Oct 2018 17:58:15 GMT

US probes 54K Ford trucks amid tailgate complaints

The US NHTSA stated that it opened an investigation into more than 54K Ford Motor pickup trucks after five complaints about tailgates issue were received.

Thu, 18 Oct 2018 17:39:16 GMT

EU's Moscovici: no decision so far on Italy's budget

On Thursday, the Economic Affairs Commissioner of the EU Pierre Moscovici claimed that no decision has been taken so far regarding the budget deficit of Italy and that a dialogue between Italy and the EU needs to be calm and constructive.

Thu, 18 Oct 2018 17:36:21 GMT

Trump threatens to close border with Mexico because of migrants

On Thursday, the US President Donald Trump claimed that he is considering to send military and close the southern border of the US because of the increasing amount of immigrants from Honduras and El Salvador.

Thu, 18 Oct 2018 16:35:29 GMT

Spain agrees with UK on Gibraltar status after Brexit

On Thursday, the Prime Minister of Spain Pedro Sanchez claimed that the UK and Spain have agreed on the Brexit status of Gibraltar which will leave the EU with the UK on March 29 2019.

Thu, 18 Oct 2018 16:27:24 GMT

Dorsey's Square introduces payment terminal for small business

Square, a company headed by the Chief Executive of Twitter Inc Jack Dorsey, has launched its own payment terminals for small-sized businesses.

Thu, 18 Oct 2018 15:36:15 GMT

US Senator urges Fed to change Wells Fargo CEO

On Thursday, the US Senator Elizabeth Warren claimed that the Fed needs to limit the growth of Wells Fargo until it replaces its Chief Executive Tim Sloan.

Thu, 18 Oct 2018 15:20:06 GMT

Germany's Merkel: Brexit agreement is achievable

On Thursday, German's Chancellor Angela Merkel claimed during the summit of the EU leaders that not much time is left for a Brexit agreement but the deal is still achievable. 

Thu, 18 Oct 2018 14:09:45 GMT

Deutsche Bank appoints Hoops as new transaction banking chief

Deutsche Bank has appointed Stefan Hoops as a new head of the Global Transaction Banking business unit to replace his predecessor John Gibbons, the bank announced on Thursday.

Thu, 18 Oct 2018 14:08:37 GMT

Acadia Healthcare raises PE interest in acquisition

Acadia Healthcare, the American operator of the behavioural health centres, has entered talks with the private equity companies over selling itself after raising a buyout interest.

Thu, 18 Oct 2018 12:55:42 GMT

SDX, BP Egypt end talks on assets purchase

On Thursday, the gas and oil firm SDX Energy announced that its talks to acquire the BP Egypt's assets had been halted by a mutual agreement, not disclosing any further details on the issue.

Thu, 18 Oct 2018 12:52:39 GMT

Alibaba to invest about $290M in wine retailer 1919.cn

Alibaba Group Holding, China's e-commerce giant, is planning to invest nearly $290M into the local spirits and wine retailer 1919.cn, seeking to top into rising demand for the imported wine in Asia's country.

Thu, 18 Oct 2018 12:36:09 GMT

Husky Energy gets rejection for its MEG buyout bid

Canada's MEG Energy has rejected the buyout offer made by Husky Energy on Wednesday, saying that the proposal undervalued the has and oil producer.

Thu, 18 Oct 2018 10:52:31 GMT

Greece sees final bids for Hellenic Petroleum majority stake next month

Greece is expecting to receive final bids for the Hellenic Petroleum majority stake next month, after getting the main regulatory decision over the process, sources reported on Thursday.

Thu, 18 Oct 2018 10:52:01 GMT

San Miguel Corp trims food arm's share sale to $920M

Philippines' San Miguel Corp has halved the size of the food arm's share sale to $920M, after a weak stock market ruined its plans for the potentially largest ever secondary offering.

Thu, 18 Oct 2018 10:10:29 GMT

Chinese regulators stop margin calls

The securities regulator of China announced on Thursday that the creditors of an environmental firm in Beijing is not to receive a margin call on stock pledges.

Thu, 18 Oct 2018 10:10:03 GMT

Uber will lease trailers

On Wednesday, Uber announced that the company is starting a trailer leasing unit. The unit will be called Powerloop and it will be a part of Uber Freight.

Thu, 18 Oct 2018 09:02:11 GMT

Finaccess Capital makes bid for Restaurant Brands NZ's stake

The operator of Pizza Hut and KFC franchises, Restaurant Brands New Zealand, has received a takeover offer worth $578M from the Mexican group Finaccess Capital that brought its shares up 14% to its record-high of NZ$8.72.

Thu, 18 Oct 2018 08:54:51 GMT

Fashion company Nine West files amended bankruptcy plan

The US apparel and footwear firm Nine West Holdings has filed an amended Chapter 11 plan that should cut the company's pre-bankruptcy debt obligations by over $1.0B.

Thu, 18 Oct 2018 08:25:17 GMT

Novartis to take over Endocyte in $2.1B cash deal

Novartis is set to buy the US cancer pharma company Endocyte in an all-cash deal valued at $2.1B, amid Swiss drugmaker's expansion plan of its radiopharmaceuticals business.

Thu, 18 Oct 2018 08:21:37 GMT

Tata Group seeks to acquire Jet Airways stake

Tata Group, India's business conglomerate, is in preliminary talks to acquire a majority stake in the Indian debt-laden Jet Airways according to the Times of India report seen on Wednesday.

Thu, 18 Oct 2018 07:31:21 GMT

US EPA discusses emissions issue with Volvo

On Wednesday, the US Environmental Protection Agency stated it was in discussion with Volvo over the carmaker's catalytic converters issue that caused its vehicles to exceed the limits of nitrogen oxide emissions.

Thu, 18 Oct 2018 07:28:16 GMT

Japan approves Takeda's acquisiton of Shire

On Thursday, the Japanese Fair Trade Commission approved Takeda Pharmaceutical's $62B worth takeover of Shire Plc, paving the way for the Asian firm to become one of the world's top 10 drugmaker.

Thu, 18 Oct 2018 04:58:07 GMT

Investa: Blackstone quits takeover race

Australia's Investa Office Fund stated that it was advised by Blackstone Group that the private equity firm would not match Canadian Oxford Properties Group's takeover bid of A$5.60 per share.

Thu, 18 Oct 2018 04:51:00 GMT

BoJ's Kuroda suggests slightly brighter view over prices

Haruhiko Kuroda, the Governor of the Bank of Japan, stated that consumer inflation was moving around 1%, offering a slightly brighter view over prices than he provided three months ago.

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