News

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Tue, 11 Jun 2019 14:36:23 GMT

Trump sees competition threat in Raytheon-United Tech deal

The US President Donald Trump expressed his concern over the merger between the defence contractor Raytheon and United Technologies worth $121M, as he would seek the deal not to hurt competition.

Tue, 11 Jun 2019 12:46:24 GMT

EU regulators scrap Tata Steel, Thyssenkrupp JV

European antitrust regulators have blocked Thyssenkrupp and Tata Steel bid to form a joint venture on Tuesday due to competition and surging prices concerns, calling the concessions offered "inadequate".

Tue, 11 Jun 2019 11:35:30 GMT

Japan's Motegi set to meet US Lighthizer this week

On Tuesday, Toshimitsu Motegi, the Japanese Economic Minister, announced he would meet Robert Lighthizer, the US Trade Representative, on June 13 in Washington amid US-Japan trade talks' second round.

Tue, 11 Jun 2019 10:33:50 GMT

SoftBank-Toyota self-driving car JV to roll out next year

The autonomous car joint venture formed by Toyota Motor and SoftBank is planning to launch its operations in Southeast Asia starting next year, the firm's CEO Junichi Miyakawa stated on Tuesday.

Tue, 11 Jun 2019 09:38:04 GMT

France's Borne sees Renault-Fiat deal resumption

On Tuesday, Elisabeth Borne, the French Transport Minister, stated there was a room for the Fiat Chrysler-Renault deal to resume, despite negotiations breakdown last week.

Tue, 11 Jun 2019 08:09:11 GMT

British PM candidate Harper seeks new Brexit deal

The British Prime Minister candidate, Mark Harper, stated on Tuesday he would propose new Brexit deal, but added that in this case the country's withdrawal from the EU bloc might be delayed and happen later the set date of October 31.

Tue, 11 Jun 2019 07:13:18 GMT

UK Saga ties up with Goldman on product saving

The British insurance and tourism company Saga has cooperated with Goldman Sachs to tap over-50s product savings, seeking to revive the firm's bottom line after its profit warning in April.

Tue, 11 Jun 2019 06:39:33 GMT

Roche appoints new boos on its diagnostics business

On Tuesday, Swiss drugmaker Roche has appointed new head of the $13B diagnostics unit, Thomas Schinecker, following Peter Voser resignation as a board member.

Tue, 11 Jun 2019 05:00:47 GMT

Readerlink prepares higher bid for Barnes & Noble

Readerlink, the book distribution company, is preparing to make an offer for Barnes & Nobles that can beat Elliott Management Corp's already set price to acquire the US bookseller, according to the Wall Street Journal.

Tue, 11 Jun 2019 04:30:03 GMT

Facebook to roll out new Portal video chat devices

Facebook is set to launch new versions of the video chatting devices called "Portal" this fall, the company's AR/VR Vice President Andrew Bosworth announced on Tuesday.

Tue, 11 Jun 2019 03:36:48 GMT

New Zealand's manufacturing sales up in Q1

Manufacturing sales volumes in New Zealand increased 2.0% in the March quarter, with volumes for meat and dairy products, the country's biggest export earners, up 11.4%, the report from Statistics New Zealand revealed.

Tue, 11 Jun 2019 02:25:37 GMT

Apollo Global to acquire Shutterfly

Private equity company Apollo Global Management stated that it agreed to acquire the US digital imaging firm Shutterfly Inc for $2.7B, including $900M debt of the company.

Mon, 10 Jun 2019 20:08:13 GMT

Ant Financial forms JV with US Vanguard

Ant Financial Services, the Chinese fintech firm, has established a Shanghai-based joint venture with The Vanguard Group, marking Ant Financial's high-profile partnership with the US asset management company.

Mon, 10 Jun 2019 18:58:05 GMT

Apollo Global seems to lead in Shutterfly takeover

Apollo Global Management seems to be in the lead to take over Shutterfly, as the private equity group made the highest proposal for the American digital imaging firm, potentially valuing it at about $2.0B.

Mon, 10 Jun 2019 18:22:38 GMT

ING walks away from Commerzbank merger

The Dutch bank ING Groep decided not to pursue the merger deal with Germany's Commerzbank, following two meetings between the lenders' CEOs Ralph Hamers and Martin Zielke, which could not bring desirable results.

Mon, 10 Jun 2019 16:51:47 GMT

Petrobras expects CEF to sell $1.86B stake

The Brazilian state-run oil group Petroleo Brasileiro is expecting Caixa Econômica Federal to sell its $1.86B worth stake in the firm based on shares' closing price on June 7, a securities filing revealed on Monday.

Mon, 10 Jun 2019 16:19:37 GMT

Raytheon, United Tech shares rise on merger approval

Shares of United Technology and Raytheon surged by 4% and 8.3% respectively on Monday, following stock market investors granted approval for its merger deal worth $121B.

Mon, 10 Jun 2019 15:02:03 GMT

Salesforce to acquire Tableau Software in $15.3B deal

On Monday, Salesforce.com announced it was set to acquire Tableau Software, the big data company, in an all-stock deal worth $15.3B, marking the largest takeover in the group's history.

Mon, 10 Jun 2019 14:38:55 GMT

Salvini assured about budget deal with EU

Matteo Salvini, Italy's Deputy Prime Minister, expressed his confidence over Rome reaching an agreement with the EU bloc on public finances before the main coalition meeting scheduled later on Monday.

Mon, 10 Jun 2019 13:38:42 GMT

China keeps silence over G20 Xi-Trump meeting

China is staying silent about a potential meeting between the China and US leaders at the G20 summit held in Japan this month; however, the country is still open for trade negotiations with Washington, its Foreign Ministry announced.

Mon, 10 Jun 2019 12:27:02 GMT

Trump vows to impose more tariffs on Mexico

On Monday, the US President Donald Trump has threatened to impose new tariffs on Mexico, if its lawmakers did not grant their approval to the immigration and security pact with the United States.

Mon, 10 Jun 2019 10:35:46 GMT

Roche's $4.3B Spark bid postponed again

The Swiss drugmaker Roche's takeover bid for Spark Therapeutics, the US gene therapy specialist, worth $4.3B has been delayed again, as the British and American regulators keep scrutinising the deal due to competition concerns.

Mon, 10 Jun 2019 09:36:55 GMT

Le Maire says "vital" to boost Nissan-Renault tie-up

Bruno Le Maire, the French Finance Minister, stated it was essential that Nissan Motor and Renault bolster their alliance as the car industry are facing rapid changes in the connected and electric vehicle areas.

Mon, 10 Jun 2019 08:26:06 GMT

China's Fosun approaches Thomas Cook over sale

Thomas Cook received a takeover offer for the carrier's tour operations from China's Fosun Tourism, its largest shareholder, sending shares of the struggling UK airline up 20% on Monday.

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