News

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Tue, 21 Aug 2018 16:20:44 GMT

Uber hires new Chief Financial Officer

On Tuesday, Uber Technologies claimed that it has hired a veteran of financial services Nelson Chai as a new Chief Financial Officer after a resignation of Brent Callinicos in 2015.

Tue, 21 Aug 2018 14:50:45 GMT

Lyft exceeds 5K automotive rides via ride-hailing app

On Tuesday, Lyft announced it had surpassed 5K self-driving rides via its ride-hailing application with the high-tech car-parts supplier Aptiv's fleet of the autonomous cars.

Tue, 21 Aug 2018 14:50:08 GMT

Getaround attracts $300M in SoftBank-led funding round

Getaround, the car-sharing start-up, raised around $300M in its latest round of funding led by the Japanese group SoftBank, the San Francisco-based company reported on Tuesday.

Tue, 21 Aug 2018 14:12:55 GMT

Britain hopes to keep door open for European banks after Brexit

Britain is likely to keep its door open for the European Union investors and banks after withdrawing from the bloc to preserve the London global financial clout, the industry officials said.

Tue, 21 Aug 2018 14:04:25 GMT

Norway's wealth fund to remain as investor in case Tesla goes private

On Tuesday, Tesla's deputy CEO stated that the Norwegian $1.0 trillion wealth fund would be allowed to remain as the electric carmaker's investor, if the company goes private.

Tue, 21 Aug 2018 13:39:26 GMT

Trump's Administration offers to roll back Obama's CPP

On Tuesday, Trump's Administration proposed to replace the former President Barack Obama's Clean Power Plan.

Tue, 21 Aug 2018 13:28:15 GMT

Morgan Stanley ceases equity coverage on Tesla

The brokerage Morgan Stanley halted the research equity coverage of Tesla, which could be a sign that the US bank might cooperate directly with the electric automaker, which seeks going private.

Tue, 21 Aug 2018 12:38:19 GMT

Aimia accepts Air Canada's sweetened offer for loyalty programme

On Tuesday, Air Canada announced the data analytics company Aimia had accepted its sweetened bid of $344.70M in cash for a sale of the firm's Aeroplan loyalty programme.

Tue, 21 Aug 2018 12:33:10 GMT

WhatsApp to halt fake messages problem in India

Facebook's WhatsApp promised India's government on Tuesday to solve the issue of "fake" messages by developing a special tool, the country's IT Minister said.

Tue, 21 Aug 2018 11:37:30 GMT

Petronas Chemicals looks at acquisitions to bolster specialty business

The Malaysian Petronas Chemicals' unit is planning to acquire firms, as it seeks to expand the specialty chemical business, the company's CEO stated on Tuesday.

Tue, 21 Aug 2018 09:53:28 GMT

Casino operators prepare to battle for Osaka license

Reuters announced on Tuesday that various casino operating companies are battling for the license to operate the first casino in Japan.

Tue, 21 Aug 2018 09:52:39 GMT

Greek Prime Minister expects better days

On Tuesday, Alexis Tsipras the Greek Prime Minister announced that the country can expect better days after exiting its financial bailout.

Tue, 21 Aug 2018 09:21:47 GMT

Three firms place bids for Serbia's copper mine

Three companies from China, Russia and Canada have places their bids for the Serbian copper smelter and mine RTB Bor to form a strategic partnership, according to the Economy Minister.

Tue, 21 Aug 2018 09:15:20 GMT

Cambodia's Samai Distillery seeks expanding internationally

Cambodia's first rum producer Samai Distillery is planning to expand overseas market, considering to export about 2K bottles per country.

Tue, 21 Aug 2018 08:37:36 GMT

Iran renews supplies of electricity to Iraq

On Tuesday, Iran resumed electricity supplies to Iraq and its other neighbours ten days earlier, following the shortages in Iraq's cities triggered unrest last month.

Tue, 21 Aug 2018 08:34:03 GMT

Sweden's Capio plans French unit sale to Vivalto Sante

Capio, the Swedish healthcare firm, is planning a sale of its French business unit to Vivalto Sante in $520M deal, as it seeks to focus on the company's Nordic operations.

Tue, 21 Aug 2018 07:37:02 GMT

Bosch acquires 4% stake in Britain's Ceres Power

On Tuesday, Germany's automotive supplier Bosch announced it would acquire a 4% stake in the British fuel-cell group Ceres Power Holdings to jointly develop a new generation of the solid oxide fuel cells.

Tue, 21 Aug 2018 07:32:58 GMT

Britain seeks to bolster exports to 35% of GDP

On Tuesday, Britain's government is set to reveal a new strategy aimed at bolstering exports to 35% of GDP, hoping to improve its trade ties with other countries after leaving the EU bloc.

Tue, 21 Aug 2018 06:31:05 GMT

Sky plans to pay up to $123.7M in fees over Fox deal

Sky is expecting to pay the advisers up to $123.7M, in case 21st Century Fox succeeds with the company's acquisition of Britain's broadcaster.

Tue, 21 Aug 2018 06:25:32 GMT

Indian government asks ONGC to list its overseas division

India's government called on the state oil company Oil and Natural Gas to list the overseas division ONGC Videsh, Reuters reported on Tuesday.

Tue, 21 Aug 2018 05:19:37 GMT

Alimentation Couche set to sell its Minnesota fuel stations

The US regulators granted their approval to Canada's Alimentation Couche Tard's bid to sell its two Minnesota retail fuel stations, the US FTC reported on Monday.

Tue, 21 Aug 2018 05:15:02 GMT

Gao-led consortium makes takeover bid for China Biologic

On Monday, China Biologic Products received a $3.9B worth all-cash proposal from a consortium, which includes Bank of China Group, CDH Investments and GL Capital Group, led by the firm's former CEO Davd Gao.

Tue, 21 Aug 2018 04:38:50 GMT

Tianqi Lithium files for $1.0 HK IPO

China's Tianqi Lithium is planning to attract up to $1.0B, as it had filed for listing on the Hong Kong Stock Exchange, despite a drop in lithium prices this year.

Tue, 21 Aug 2018 04:35:35 GMT

StanChart likely to sell its PE business to Actis, ICG

Standard Chartered is in negotiations over a sale of its private equity firm to Actis and Intermediate Capital Group, sources reported on Monday.

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