News

Note: This section contains information in English only.
Thu, 26 Jul 2018 18:02:28 GMT

Portugal's wants UK to welcome all European Union migrants after Brexit

On Thursday, Portugal's Foreign Affairs Minister Augusto Santos Silva told Britain it should consider keeping its doors open to "waiters and construction workers" after it leaves the EU.

Thu, 26 Jul 2018 17:18:00 GMT

European shares hit six-week high

On Thursday, European shares climbed to a six-week high as expectations of a breakthrough between EU-US talks boosted automakers.

Thu, 26 Jul 2018 17:12:47 GMT

Conservative Ohio Republican Jordan to run for House Speaker

On Thursday, Republican Rep. Jim Jordan announced his run for the Speaker of the United States House of Representatives if the Republican party keeps the majority after November mid-term elections.

Thu, 26 Jul 2018 16:05:27 GMT

Terra Firma plans sale of Italy's F2i for €1.3B

Terra Firma, the private equity investor, agreed on a sale of its Italy's solar portfolio RTR in a deal with the infrastructure fund F2i valued at $1.5B, the company stated on Thursday.

Thu, 26 Jul 2018 16:04:32 GMT

France has no objection over Linxens sale to China group

France's government stated it had no objection over acquisition of the country's smart chip component manufacturer Linxens by the Chinese top chip maker Tsinghua Unigroup.

Thu, 26 Jul 2018 14:56:01 GMT

Huawei Technologies to lift annual R&D spending up to $20B

On Thursday, China's Huawei Technologies stated it would raise its annual budget on the research and development to $15B-$20B amid its intention to become the world's leader in 5G network technology.

Thu, 26 Jul 2018 14:54:34 GMT

Google opens free Wi-Fi hotspots in Nigeria on Thursday

On Thursday, Google has launched free Wi-Fi hotspot network in Nigeria, as it seeks to boost the company's presence in the most populous nation in Africa.

Thu, 26 Jul 2018 14:14:45 GMT

Nigeria's 9mobile sale requires more time than expected

The takeover of Nigeria's 9mobile by the investment company Teleology Holdings is set to take more time to finalise than expected, the Nigerian fourth-biggest telecoms firm stated on Thursday.

Thu, 26 Jul 2018 14:09:28 GMT

Nokia's Q2 sales of IP routers held back by component shortages

Nokia's Chief Executive stated on Thursday the network equipment maker's Q2 sales of the IP routers were hit by the component supply shortages, falling as much as 9% to €592M.

Thu, 26 Jul 2018 13:02:57 GMT

Sika seeks speeding up M&A activity with larger deals

The Swiss chemicals firm Sika is ready to accelerate the activity of mergers and acquisitions, after a settlement of its bitter takeover fight with Sain-Goban, the CEO Paul Schuler stated on Thursday.

Thu, 26 Jul 2018 13:02:48 GMT

UNFI to acquire supermarket operator Supervalu for $2.9B

On Thursday, United Natural Foods Inc said it would acquire Supervalu, the US supermarket operator, in a deal worth around $2.9B, including debt.

Thu, 26 Jul 2018 11:56:43 GMT

NXP to buy back $5B stake as Qualcomm's deal fails

NXP Semiconductros announced on Thursday it was eager to repurchase $5.0B worth of shares, after its takeover deal with Qualcomm had fallen through amid lack of approval from China's commerce ministry.

Thu, 26 Jul 2018 11:56:32 GMT

Hindalco Industries' US arm to acquire Aleris in $2.6B deal

On Thursday, India's Hindalco Industries its US subsidiary Novelis is set to acquire the aluminium manufacturer Aleris Corp in a deal valued at $2.6B.

Thu, 26 Jul 2018 11:38:58 GMT

Chinese commerce ministry refuses to comment on Qualcomm deal

The Chinese commerce ministry has declined to provide ant comment regarding the Qualcomm-NXP Semiconductors takeover deal to clarify whether it had gained the approval.

Thu, 26 Jul 2018 11:34:45 GMT

Lundin Mining launches all-cash proposal to buy Nevsun

On Thursday, the Canadian Lundin Mining stated that it had officially begun a proposal to purchase Nevsun Resources for C$4.75 a share in cash, bringing the miner's value to about C$1.44B.

Thu, 26 Jul 2018 09:13:05 GMT

Gazit-Globe sells rest of Regency Centers shares for $61.95 each

Gazit-Globe, the Israeli real estate firm stated on Thursday it had sold the remaining 5.6M shares in Regency Centers in a deal valued at total $347M or $61.95 per share.

Thu, 26 Jul 2018 09:04:17 GMT

China watchdog approves Luxottica-Essilor merger deal

On Thursday, the Chinese markets regulator has granted its approval to the merger between the Italian eyewear Luxottica and French lens maker Essilor.

Thu, 26 Jul 2018 08:09:36 GMT

Acronic considers buyout approaches from two private equity groups

Acronic, the aluminium products maker, is weighing takeover approaches form two or more private equity firms, according to the Wall Street Journal's report on Wednesday.

Thu, 26 Jul 2018 07:54:06 GMT

ANZ plans controlling stake sale in pensions business for $596M

On Thursday, Australia & New Zealand Banking Group stated it had agreed to sell 82% in the pensions business P&I and ADG to the wealth manager IOOF in a deal worth $596M.

Thu, 26 Jul 2018 07:35:20 GMT

China's biotech firm Ascletis attracts $400M in HK IPO

China's biotech Ascletis Pharma has raised $400M after it had priced its Hong Kong initial public offering of the indicative range.

Thu, 26 Jul 2018 06:39:30 GMT

Nine acquires Fairfax in deal worth $1.6B

On Thursday, Fairfax Media agreed to a $1.6B buyout from the TV network Nine Entertainment in one of the largest shake-ups of the Australian media recently.

Thu, 26 Jul 2018 04:51:05 GMT

Mattel disappoints with Q2 results

Mattel's sales in the Q2 missed analysts' forecasts, weighed down by the lack of a large movie tie-in, while the liquidation of main customer Toys ‘R' Us kept hurting the US toy maker.

Thu, 26 Jul 2018 04:50:52 GMT

AMD profit, revenue boosted by Ryzen, EPIC sales in Q2

Advanced Micro Devices beat forecasts for quarterly revenue and profit, as a surge in demand for PCs boosted sales of graphic chips, processors, sending the company's shares up 5% in extended trading.

Thu, 26 Jul 2018 04:19:31 GMT

SK Hynix reports record Q2 profit amid strong DRAM sales

South Korea's chipmaker SK Hynix reported a record operating profit in the second quarter, beating market forecasts thanks to DRAM chips' strong sales.

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