News

Note: This section contains information in English only.
Mon, 01 Oct 2018 06:00:23 GMT

Bojangles restaurant chain likely to sell itself

Th US fast food restaurant chain Bojangles is thinking over a potential sale or other strategic alternatives due to costs fuel consolidation and rising competition in the sector.

Mon, 01 Oct 2018 05:20:28 GMT

EU regulators to decide on Takeda's takeover bid for Shire

The European antitrust regulators are set to pass their verdict on the Japan drugmaker Takeda Pharmaceutical's $62B worth takeover bid for the British firm Shire by November 6, the EU Commission reported.

Mon, 01 Oct 2018 05:14:54 GMT

Rio Tinto and Japanese JV partners to invest $1.55B on Australia's iron ore

Rio Tinto and its Japanese joint venture partners, Nippon Steel & Sumitomo Metal and Mitsui & Co, are set to invest around $1.55B to keep the production capacity at Australia's two iron ore projects.

Mon, 01 Oct 2018 02:35:01 GMT

South Korea factory activity strengthens in September

South Korea's factory activity grew for the first time in the seven-month period in September, as output recovered and new orders jumped even with weakening export sales, a survey revealed.

Mon, 01 Oct 2018 02:30:20 GMT

Husky Energy to buy MEG Energy in $5B deal

Canada's gas and oil producer Husky Energy stated that an unsolicited bid was made to MEG Energy in a deal with a total value of $5B including debt.

Sun, 30 Sep 2018 19:00:40 GMT

Hunt: Punishing UK will damage EU

On Sunday, the UK's Foreign Minister Jeremy Hunt said to Brussels that punishing the United Kingdom in Brexit discussions will damage the European Union.

Sun, 30 Sep 2018 19:00:22 GMT

Patel says PM's Brexit plans cannot be accepted

On Sunday, Eurosceptic UK lawmaker Priti Patel said that the United Kingdom should not accept Prime Minister Theresa May's Brexit plan if she is ready to leave the EU without a deal.

Sun, 30 Sep 2018 18:08:29 GMT

Germany's financial regulator is worried about aggressive lending

On Sunday, Handelsblatt reported that the German financial regulator is concerned about aggressive lending standards by Germany's banks.

Sun, 30 Sep 2018 18:06:35 GMT

ThyssenKrupp approve plans to split German conglomerate

On Sunday, Germany's ThyssenKrupp acted to end its leadership vacuum, as its supervisory body filled top two management posts and paved way to split the German conglomerate.

Sun, 30 Sep 2018 17:15:24 GMT

Brith FM Hunt warns Russia

The UK Foreign Minister Jeremy Hunt stated on Sunday that Russia would bear serious consequences if it denied observing international rules.

Sun, 30 Sep 2018 17:12:30 GMT

ECB's Coeure projects rates stability next year

According to the Taggespiegel newspaper, the European Central Bank's board member Benoit Coeure said that interest rates most probably would remain unchanged next year, at least through the summer.

Sun, 30 Sep 2018 16:19:41 GMT

China to lower import tariffs

The Finance Ministry of China announced on Sunday its plans to decrease import tariffs on metals and textile from 11.5% to 8.4% starting from November.

Sun, 30 Sep 2018 16:16:48 GMT

UK Fox criticizes EU leaders

The British Trade Minister Liam Fox stated on Sunday that Theresa May's mocking by leaders of the European Union leaders at summit in Salzburg was "beyond the pale".

Sun, 30 Sep 2018 15:21:19 GMT

Thyssenkrupp board appoints Kerkhoff as CEO

On Sunday, the board of Thyssenkrupp confirmed plans to divide the company into two parts and appointed Guido Kerkhoff as CEO for the upcoming five years.

Sun, 30 Sep 2018 15:15:07 GMT

UK declares ban on combustible cladding

In response to the deadly fire in the Grenfell Tower, the British government decided on Sunday to prohibit the use of flammable materials on the outside of skyscrapers.

Sun, 30 Sep 2018 14:12:51 GMT

Saudi Arabi fails to join FATF

On Sunday, Saudi Arabia failed to acquire a full membership in the Financial Action Task Force (FATF), which is an international body created to combat money laundering and other illegal transfer of funds.

Sun, 30 Sep 2018 14:09:28 GMT

Tria says investments will drive Italy's economy

The Economy Minister of Italy Giovanni Tria stated on Sunday that investments are expected to drive the country's economy for the following two years and added that despite the budget deficit increase debt will put on backtrack.

Sun, 30 Sep 2018 13:14:50 GMT

UK Clark says deal on Brexit is almost reached

The UK Secretary of State for Business Greg Clark stated on Sunday that deal on Brexit between Britain and the European Union has been practically reached.

Sun, 30 Sep 2018 13:10:53 GMT

US accuses China of propaganda

The US Ambassador to China Terry Branstad accused Chinese media of propaganda for an article published in Iowa's local newspaper describing the benefits of bilateral trade.

Sun, 30 Sep 2018 12:39:29 GMT

Saudi Arabia plans to increase state spendings by 7%

On Sunday, Saudi Arabia claimed that it is planning to increase its state spendings by 7% in 2019 in comparison with a previous year to boost the economic growth.

Sun, 30 Sep 2018 12:37:37 GMT

UK's Clark: Canada-style Brexit would be difficult for business

On Sunday, the Business Minister of the UK Greg Clark claimed that a Canada-style deal with the European Union after the departure of the UK from the EU will make things more problematic for British business.

Sun, 30 Sep 2018 11:37:48 GMT

China widens tax exemption for foreign firms

On Sunday, the Finance Ministry of China claimed that China has widened the exemption from income tax for foreign companies to boost foreign investments despite the trade tensions with the US.

Sun, 30 Sep 2018 11:34:38 GMT

Chinese regulator approves Linde-Praxair deal

On Sunday, Linde AG claimed that it has received the approval of the $83B merger with the US-based Praxair from the antitrust authorities of China and keeps waiting for approval from regulators in the EU, South Korea and the US.

Sun, 30 Sep 2018 10:36:05 GMT

Tencent Holdings announces restructurisation

On Sunday, Chinese internet giant Tencent Holdings announced the first company's restructuring for the last six years due to the challenges which the company faces because of the stricter government regulations. 

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