News

Note: This section contains information in English only.
Mon, 17 Sep 2018 10:11:08 GMT

ECB board member speaks out about rate hikes

Benoit Coeure, who is a board member of the European Central Bank, on Monday stated that the ECB has to clarify its rate hike plans.

Mon, 17 Sep 2018 10:10:39 GMT

IMF releases statement on Brexit

On Monday, representatives of the International Monetary Fund stated that the British economy will most likely shrink, if there is no Brexit deal.

Mon, 17 Sep 2018 09:22:26 GMT

Bertelsmann buys US OnCourse Learning

Bertelsmann, the German publishing group, stated it had acquired the US online education firm OnCourse Learning from the private equity group CIP Capital at the price of several hundreds million euros.

Mon, 17 Sep 2018 09:21:33 GMT

Thomas Miller to acquire Zeller Associates

Thomas Miller, the insurance services provider, has agreed to acquire the insurance operations managing general agency Zeller Associates, not disclosing the financial terms of the deal.

Mon, 17 Sep 2018 08:08:21 GMT

SIG Combibloc unveils price range for latest Swiss IPO

SIG Combibloc, the Swiss packaging maker, has unveiled its initial public offering's price range, setting it at 10.50-13.50 Swiss francs a share, seeking to attract about $1.22B to cut its debt.

Mon, 17 Sep 2018 08:05:02 GMT

Switzerland's Stadler picks Alantra to advise on potential IPO

The Swiss trainmaker Stadler hired Alantra, the corporate finance firm, to advise it on a potential initial public offering that has been planned by the rail company's owner Peter Spuhler for a long time.

Mon, 17 Sep 2018 07:38:48 GMT

Brooge Petroleum plans listing on London SE in October

The UAE's Brooge Petroleum & Gas Investment is planning to list 40% of the company's capital in the London initial public offering in October, its CEO Nicolaas Paardenkooper stated on Sunday.

Mon, 17 Sep 2018 07:34:49 GMT

Qatar's Nebras Power acquiries majority stake in Zon Exploitatie

Qatar's Nebras Power made a purchase of a 75% majority stake in the solar power firm Zon Exploitatie Nederland, according to the Qatar News Agency's report published on Sunday.

Mon, 17 Sep 2018 06:12:38 GMT

US union calls on 50 states to oppose Sprint acquisition by T-Mobile

The Communication Workers of the US labour union urged 50 state attorneys to look into the proposed T-Mobile's purchase of its rival Sprint due to antitrust concerns and potential job losses.

Mon, 17 Sep 2018 06:08:24 GMT

ADFG proposes revised offer for Abraaj's ME funds

Abu Dhabi Financial Group has offered a revised bid to buy Abraaj's Middle East funds; however, ADFG sees the deal unlikely to materialise, according to its letter to investors.

Mon, 17 Sep 2018 05:37:32 GMT

India's Flipkart coniders buying Hotstar's stake

India's Flipkart is in negotiations to acquire a stake in Hotstar, Star India's video streaming platform, according to a Mint report published on Monday.

Mon, 17 Sep 2018 05:32:19 GMT

Kinder Morgan picks TD for Canadian business sale

Kinder Morgan hired TD Securities, the investment bank, to sell its Canada's business that could be valued at as much as $1.8B, sources familiar with the matter reported.

Mon, 17 Sep 2018 03:32:50 GMT

Britain's consumer spending growth fastest since January

The UK consumer spending grew over the three-month period to August at the strongest pace since January, adding to signs that the economy picked up steam this year, a survey from Visa revealed

Mon, 17 Sep 2018 03:27:26 GMT

Meredith to sell Time to Lynne and Marc Benioff

Meredith Corp stated that the company entered into a definitive deal to sell the Time media brand to Lynne and Marc Benioff for $190M in cash.

Mon, 17 Sep 2018 02:33:45 GMT

Britain's consumers most optimistic since 2015

The UK households' confidence over their financial situation remained at the highest level since 2015 this month, as concerns about inflation eased, a survey revealed.

Mon, 17 Sep 2018 02:30:16 GMT

China CB injects $38.58B via one-year MLF

The People's Bank of China stated that the Bank lent $38.58B to financial institutions via the one-year medium-term lending facility with rates unchanged.

Sun, 16 Sep 2018 20:01:54 GMT

Erdogan and Putin plan to discuss Syrian issues

On Sunday, the Kremlin said that Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin plan to discuss Syrian issues in Sochi Russia.

Sun, 16 Sep 2018 19:08:12 GMT

Eritrean and Ethiopian leaders sign peace deal in Jeddah

On Sunday, Eritrea's President Isaias Afwerki and Ethiopian Prime Minister Abiy Ahmed have signed a peace deal in Saudi Arabia.

Sun, 16 Sep 2018 19:07:04 GMT

Le Pen urges populist parties to unite against establishment

On Sunday, Marine Le Pen, the French far-right leader, urged populist parties in Europe to unite against the left-wing establishment in next year's European Parliament elections.

Sun, 16 Sep 2018 19:06:28 GMT

Kurz: Germany and Austria agree to avoid No Brexit deal

On Sunday, German Chancellor Angela Merkel and Austrian Chancellor Sebastian Kurz said that Austria and Germany have agreed on a need to avoid Britain leaving the European Union without a trade deal.

Sun, 16 Sep 2018 18:02:48 GMT

EFCC wants HSBC to repatriate loot

On Sunday, the Economic and Finance Crimes Commission of Nigeria said that it wouldn't rest until HSBC repatriate all stolen money by former Nigerian leaders.

Sun, 16 Sep 2018 18:02:38 GMT

Kavanaugh denies sexual misconduct allegation

Brett Kavanaugh, the US Supreme Court nominee, has denied a sexual abuse allegation made against him.

Sun, 16 Sep 2018 17:05:13 GMT

Retired property investors to get UAE residency

On Sunday, the government of the United Arab Emirates has approved a law that allows retired property investors to stay in the country.

Sun, 16 Sep 2018 17:03:28 GMT

Syrian votes in first local elections since 2011

On Sunday, Syrians in the government-controlled regions cast their votes in their first local elections since 2011.

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