News

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Wed, 06 Mar 2019 14:32:29 GMT

Delta considers replacing 200 jets within decade

Delta Air Lines' CEO Ed Bastian stated the company was considering a replacement of about 200 Boeing 767 and 757 aircraft within the next ten years, fuelling the planemakers' appetite.

Wed, 06 Mar 2019 14:18:25 GMT

Ford to review Russia's business plans this year

The industry ministry of Russia is expecting for decisions made by Ford Motors by this year-end, stemming from the revised Russia business plan, related to two plants shutdowns on the back of the carmaker's global restructuring.

Wed, 06 Mar 2019 13:39:27 GMT

Aon considers bidding for rival WTW

Aon Plc is considering a possible offer to acquire its competitor Willis Towers Watson, the insurance brokerage in a potential all-stock transaction.

Wed, 06 Mar 2019 12:33:32 GMT

SOCO has no plans for Ophir Energy

SOCO International, the gas and oil producer, stated on Wednesday it had no plans to bid for Ophir Energy, following the initial all-share offer had been rejected by Ophir.

Wed, 06 Mar 2019 11:39:03 GMT

Ascom investor urges group to explore sale

Veraison, Ascom's largest shareholder, called on the Swiss communications equipment group to explore a sale as one of the options, as the company is failing to fulfil its potential in the sector of a health care.

Wed, 06 Mar 2019 11:36:04 GMT

Melrose plans WPG sale for £200M

On Wednesday, Melrose Industries announced it would sell Walterscheid Powertrain Group, the off-highway powertrain applications unit, to the private equity company One Equity Partners in a deal worth £200M.

Wed, 06 Mar 2019 10:13:48 GMT

Provident Financial maps out its units growth plan

On Wednesday, Britain's Provident Financial announced it had outlined an enhance and growth performance plan across its divisions after the lender rejected its rival Non-Standard Finance's takeover bid.

Wed, 06 Mar 2019 10:07:00 GMT

Assa Abloy to acquire 54% stake in agta record

Sweden's Assa Abloy announced on Wednesday it would acquire an extra 54% stake in the Swiss entrance system company agta record in a deal valued at $567.26M.

Wed, 06 Mar 2019 08:54:28 GMT

AirAsia has no plans to buy rival Nok Air shares

On Wednesday, the Thai carrier AirAsia stated it was not planning to acquire shares of its rival Nok Airlines, tumbling Nok's shares as much as 12% in the morning trading session.

Wed, 06 Mar 2019 08:50:06 GMT

Japan's Mizuho cuts annual profit outlook by 86%

Japanese Mizuho Financial Group trimmed its annual profit outlook by 86% due to the company's one-time restructuring costs worth $6.0B at its brokerage and bank units, as well as securities portfolio overhaul.

Wed, 06 Mar 2019 08:39:37 GMT

DS Smith plans plastics business sale worth $585M

On Wednesday, the packaging firm DS Smith Plc announced it would sell its plastics business to the PE company Olympus Partners in a deal valued at $585M.

Wed, 06 Mar 2019 08:37:14 GMT

Carlyle close to $3.4B deal with Cepsa

Carlyle Group, the private equity firm, is in the final talks to acquire a 30% stake in the Spanish company Cepsa in a possible deal worth $3.4B, with the agreement expected to be reached within the following weeks.

Wed, 06 Mar 2019 06:12:42 GMT

Ex-Nissan Chairman Ghosn set to leave jail

The Tokyo District Court said on Wednesday that the Former Nissan Motor boss Carlos Ghosn has paid $9 million in bail.

Wed, 06 Mar 2019 06:12:03 GMT

Australian Dollar slips, as economic growth slows

On Wednesday, the Australian Dollar declined about 0.7% and reached a two-month low after data shows that Australia's economic growth slowed last quarter.

Wed, 06 Mar 2019 05:24:02 GMT

US Dollar reaches two-week high on Wednesday

On Wednesday, the US Dollar hovered near a two-week high, buoyed by the better-than-expected data reports.

Wed, 06 Mar 2019 05:22:29 GMT

Bolton warns North Korea of more sanctions

John Bolton, the National Security Adviser to the US President Donald Trump said that the United States would impose new sanctions on North Korea if Pyongyang does not denuclearise.

Wed, 06 Mar 2019 04:32:47 GMT

Grab considers more funding, after raising $4.5B in financing round

Grab was considering getting more financing from strategic investors, the Southeast Asia's top ride-hailing firm's President stated, after raking in above $4.5B in the region's biggest private financing round.

Wed, 06 Mar 2019 04:07:18 GMT

Logitech sales to grow mid to high single-digit in FY 2020

Logitech International anticipated annual sales to grow at mid to high single-digit rate in constant currencies within the FY ending March 2020, the manufacturer stated.

Wed, 06 Mar 2019 03:35:30 GMT

China to slash taxes, boost lending to prop up slowing economy

China sought to encourage its slowing economy through billions of dollars in planned infrastructure spending and tax cuts, with the weakest in 30 years economic growth amid a trade war with the US and softer domestic demand.

Wed, 06 Mar 2019 03:32:24 GMT

US Fed mulls tighter regulations over foreign bank branches

The US Federal Reserve was considering imposing stricter regulations over foreign bank branches to tighten a loophole allowing overseas lenders to shield assets from the US bank rules.

Tue, 05 Mar 2019 20:51:02 GMT

Macao M1, M2 money supply rises

Macao's M2 money supply increased 8.1% in January, compared to the same month in 2018, and M1 money supply grew 7.2%, the Monetary Authority of Macao reports.

Tue, 05 Mar 2019 20:50:09 GMT

Japan donates $3.2M to support peace in South Sudan

Japan has provided $3.2M to the Intergovernmental Authority on Development to support peace in South Sudan, data released by the Japanese government shows.

Tue, 05 Mar 2019 20:33:02 GMT

Total buys stake in Arctic LNG-2 project

The French energy corporation Total has signed a deal to purchase 10% ownership in the Arctic LNG-2 project from Russian Novatek, the Novatek Management Board Chairman Leonid Mikhelson says.

Tue, 05 Mar 2019 20:32:06 GMT

Brunei CPI declines in January

Brunei's CPI declined 0.1% in January, compared to the same period the prior year, the Department of Economic Planning and Development at the Ministry of Finance and Economy reports.

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