News

Note: This section contains information in English only.
Fri, 28 Sep 2018 14:21:06 GMT

New funding round values US fintech firm Stripe at $20B

The US fintech strat-up Stripe has attracted $245M in the latest funding round, bringing the San Francisco-based company's value to $20.25B, a solid surge from its $9.2B valuation in 2016.

Fri, 28 Sep 2018 13:19:02 GMT

Equinor seeks to acquire Chevron's stake in Rosebank

Norway's Equinor is seeking to acquire Chevron's 40% stake in the British gas and oil field Rosebank, sources familiar with the matter reported on Friday.

Fri, 28 Sep 2018 13:18:02 GMT

Chanel acquires UK swimwear brand Orlebar Brown

Chanel stated on Friday it had acquired the British swimwear maker Orlebar Brow from the label founder Adam Brown and other investors group, not disclosing the financial terms of the deal.

Fri, 28 Sep 2018 11:52:07 GMT

Bath Iron Works awarded $3.9B US defence contract

General Dynamics' unit Bath Iron Works has won a $3.9B US defence contract, along with Huntington Ingalls Industries, to construct six DDG 51 class vessels, the Pentagon reported.

Fri, 28 Sep 2018 11:51:29 GMT

Sun Life, Prudential bid for CBA's Indonesian insurance venture

Canada's Sun Life and Britain's Prudential are among five bidders for an 80% majority stake in the Commonwealth Bank of Australia's Indonesia insurance business.

Fri, 28 Sep 2018 11:25:13 GMT

United Launch services awarded $867M US defence contract

The joint venture of Boeing and Lockheed Martin, United Launch Services, has won $867M US defence contract for the EELV programme designed for its Atlas and Delta IV rockets.

Fri, 28 Sep 2018 11:09:40 GMT

Saudi Arabia's Salman to discuss Qatar in Kuwait

Mohammed Bin Salman, the Saudi Crown Prince, is planning a visit to Kuwait this Saturday to hold talks over the kingdom's political dispute with Qatar, Kuwaiti News Agency reported.

Fri, 28 Sep 2018 10:13:24 GMT

The head of European Parliament comments on Italy

The head of the European Parliament Antonio Tajani on Friday announced that the Italian budget plan will impact savings and job creation in the country.

Fri, 28 Sep 2018 10:12:43 GMT

Italy defies European Union

On Friday, the Italian new government proposed the budget of 2019 with a deficit, which is three times higher than the previously set target. The event created a selloff of Italian bonds.

Fri, 28 Sep 2018 09:02:00 GMT

Huntington Ingalls awarded $5.1B US defence contract

Huntington Ingalls Industries has won a $5.1B US defence contract to construct six DDG 51 class vessels, according to a Pentagon report.

Fri, 28 Sep 2018 08:59:04 GMT

VW to back modernisation of older diesel vehicles in Germany

Volkswagen is ready to support hardware retrofitting for its older diesel cars, offering the German drivers to exchange some of their vehicles for newer models.

Fri, 28 Sep 2018 08:00:20 GMT

EU advertising firms' shares drop on probe report by WSJ

Shares in the EU advertising firms WPP and Publicis plunged this Friday, after the Wall Street Journal presented a report saying the US had launched a probe into media-buying practices in the sector.

Fri, 28 Sep 2018 07:54:23 GMT

Cognizant seeks buying Softvision

Cognizant Technology Solutions has entered talks to acquire the app developer Softvision in a possible deal worth $550M the IT provider, as the IT provider seeks boosting its digital business.

Fri, 28 Sep 2018 07:38:11 GMT

Knorr-Bremse expects to raise up to $4.89B in IPO

Germany's brake systems maker, Knorr-Bremse, is set to list its shares on Frankfurt's stock exchange, expecting to attract up to $4.89B.

Fri, 28 Sep 2018 07:33:55 GMT

Perella Weinberg picks JPMorgan, Goldman to lead IPO

Perella Weinberg Partners, the boutique advisory company, has asked JPMorgan Chase and Goldman Sachs to lead the group's initial public offering, expected to take place this year-end, according to Bloomberg.

Fri, 28 Sep 2018 05:39:30 GMT

Reuters poll: Singapore to tighten monetary policy in October

According to the recent economists poll of Reuters, Singapore is likely to tighten its monetary policy in October again, although change in policy is expected to be modest.

Fri, 28 Sep 2018 05:36:50 GMT

Number of potential IPOs triples in Hong Kong this year

In 2018, the number of companies which are willing to go public on the Stock Exchange of Hong Kong has tripled in comparison with a previous year due to the rapid development of tech companies in the region.

Fri, 28 Sep 2018 04:39:57 GMT

Japan's industrial rebound fails to impress due to trade risks

On Friday, Japanese Mizuho Research published a new industrial report for Japan which underlines that the manufacturing output in Japan have recovered only moderately.

Fri, 28 Sep 2018 04:36:39 GMT

Japan's Nikkei hits 27-year high

On Friday, Japanese Nikkei hit 27-year high because of the dollar boost after the Chairman of the US Federal Reserve claimed that he is not expecting a near-time recession.

Fri, 28 Sep 2018 03:38:43 GMT

China's diplomat: Rohingya problem should not be internationalised

On Friday, a top diplomat of China said that the Rohingya problem should not be expanded or "internationalised" as the UN prepares to set up a special body to investigate the Rohingya issue.

Fri, 28 Sep 2018 03:33:50 GMT

Samsung board chairman to save his role after union allegations

On Friday, Samsung Electronics Co Ltd's claimed that its chairman Lee Sang-hoon would continue to serve as a chairman after a recent allegations in sabotaging activities of the labour trade union.

Fri, 28 Sep 2018 02:36:24 GMT

Boeing to build next US Air Force training jet

On Thursday, the US Air Force claimed that Boeing Co won $9.2B contract to build a new US Air Force training jet over the life of the whole program.

Fri, 28 Sep 2018 02:27:42 GMT

Iran's Javad Zarif: India to keep buying Iranian oil

On Thursday, the Foreign Minister of Iran Mohammad Javad Zarif claimed that India preserves its plans to buy Iranian oil and to continue the economic partnership between two nations.

Thu, 27 Sep 2018 19:54:05 GMT

Business groups call on US court to keep AT&T-Time Warner merger

On Thursday, business groups, such as the US Chamber of Commerce and others, called on the US Appeal Court to not undo the merger deal between AT&T and the TV show and film maker Time Warner.

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