News

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Thu, 28 Feb 2019 10:27:18 GMT

ZF Friedrichshafen makes bid for rival Wabco

Wabco Holdings, the US car parts maker, stated it had been approached by the German competitor ZF Friedrichshafen for a possible acquisition, sending its shares up 10% on the news.

Thu, 28 Feb 2019 09:21:56 GMT

Bingo receives approval for Dial-a-Dump takeover

On Thursday, the waste management company Bingo Industries has received a regulatory approval to acquire its smaller competitor Dial-a-Dump, saying it would also conducts its share buyback.

Thu, 28 Feb 2019 09:17:36 GMT

Disney accepts CADE's demand to sell Fox Sports

Walt Disney has agreed on the Brazilian antitrust regulator CADE's conditions to sell its Fox Sports channel's local rights to gain the approval of its Twenty-First Century Fox takeover.

Thu, 28 Feb 2019 07:59:47 GMT

KKR, Tencent explore bids for Universal Music

The Chinese group Tencent Music Entertainment and the US buyout fund KKR are considering to make rival bids for a half of Vivendi's Universal Music unit, in a potential deal worth up to $22.73B.

Thu, 28 Feb 2019 07:54:11 GMT

Disney seeks stake in WarnerMedia's Hulu

Walt Disney has entered talks with AT&T to acquire a 10% stake in WarnerMedia's Hulu, the Variety business news portal reported late on Wednesday.

Thu, 28 Feb 2019 07:39:15 GMT

Retailer Casino plans two hypermarkets sale

On Thursday, Casino, the French supermarket retailer, announced it would sell two ‘Geant' hypermarkets in a deal valued at $26M, as part of its debt-cut programme.

Thu, 28 Feb 2019 07:36:50 GMT

Luckin Coffee picks three banks for US IPO

Starbucks' China rival Luckin Coffee has hired three investment banks, including Credit Suisse, for its planned US initial public offering this year.

Thu, 28 Feb 2019 03:32:55 GMT

BOJ's Suzuki sees increased trouble for banks amid weaker economy

The board member of the Bank of Japan Hitoshi Suzuki warned that the local financial institutions' profits could be hurt significantly by higher credit costs if the country's economy slides into recession.

Thu, 28 Feb 2019 03:28:43 GMT

Chinese factory activity falls to three-year low this month

China's factory activity contracted to the lowest level in three years in February, as export orders declined at the fastest pace since the crisis, highlighting cracks in an economy amid weak demand abroad and at home.

Wed, 27 Feb 2019 20:42:55 GMT

ECB's Villeroy talks about risks

On Wednesday, one of the ECB policymakers Francois Villeroy announced in an interview that ECB needs to look at the possible risk from longer term negative interest rates. It is a clear signal that the rates could remain negative during the longer term future.

Wed, 27 Feb 2019 20:42:46 GMT

Fed will stop quantitative tightening

The head of the Federal Reserve announced on Wednesday that this year the Fed will stop the shrinking of its four trillion US Dollar balance sheet. It is a clear announcement that the USD and subsequently all cash will decline in value, compared to other assets.

Wed, 27 Feb 2019 20:14:36 GMT

US arrests My Big Coin founder

US authorities revealed on Wednesday that the founder of My Big Coin has been arrested and will be charged with fraud.

Wed, 27 Feb 2019 20:13:02 GMT

Airbus goes around German arms ban

On Wednesday, Airbus announced that it will overcome German freeze of arms sales to Saudi Arabia by redesigning a military aircraft model, which is built in Spain.

Wed, 27 Feb 2019 18:43:08 GMT

US and China are far from trade deal

On Wednesday, the Robert Lighthizer, who is the US Trade Representative, announced to US Congress that the US and China are far from reaching a trade deal.

Wed, 27 Feb 2019 18:24:10 GMT

Oil prices continue to surge

During the second half of Wednesday's London trading session crude oil prices had risen more than two percent. The reason for the surge was the fact that Saudi Arabia ignored US pressure to stop production cuts.

Wed, 27 Feb 2019 18:19:24 GMT

Musk reveals announcement time

During a series of twitter posts about the SEC the Chief Executive Officer of Tesla announced that the company will have significant news to announced at 14:00 PM on Thursday California time.

Wed, 27 Feb 2019 18:18:54 GMT

Macron comments on Brexit

Late on Wednesday the President of the French Republic announced that the United Kingdom would need to justify any delays in Brexit. The UK would have to state clear objectives.

Wed, 27 Feb 2019 17:00:33 GMT

Merkel seeks deal with China

A German magazine on Tuesday published a story, which announced that the German Chancellor is seeking a no spying deal with China. The deal would allow Huawei to build a 5G network.

Wed, 27 Feb 2019 17:00:22 GMT

Best Buy shares jump higher

On Wednesday, Best Buy share price surged by 16 percent due to an increase of the company's yearly profit forecast.

Wed, 27 Feb 2019 16:21:35 GMT

US Dollar continues to surge

As the US trading session started on Wednesday, the US Dollar was gaining value against other currencies. Although, the currency was confined to certain ranges due to Jerome Powell's comments.

Wed, 27 Feb 2019 16:21:00 GMT

Kashmir conflict boosts safe haven assets

On Wednesday, as both India and Pakistan claimed that they have downed each other's airplanes, safe haven currencies and assets like gold, Japanese Yen and the Swiss Franc were gaining value.

Wed, 27 Feb 2019 15:39:24 GMT

Cogeco plans cloud services arm's sale

On Wednesday, Canada's Cogeco Communications stated it was planning to sell the company's cloud services arm, Cogeco Peer 1, in a $548.74M deal with Digital Colony.

Wed, 27 Feb 2019 15:37:26 GMT

Merck offers $5.9B to acquire Versum

Germany's lab and drugs supplies maker Merck has made an all-cash offer to acquire Versum Materials, valuing the US electronic materials developer at $5.9B, including debt.

Wed, 27 Feb 2019 14:10:07 GMT

Nisshin Seifun to take over Allied Mills

Nisshin Seifun, Japan's flour maker, agreed to acquire the Australian firm allied Mills from the private equity group Pacific Equity Partners in a deal valued at A$574M, in the company's overseas expansion drive.

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