News

Note: This section contains information in English only.
Mon, 05 Nov 2018 19:29:35 GMT

IMF: tight labour market in Latvia to slow growth

Latvia's tight labour market is likely to slow down the nation's medium and long-term growth, the head of the International Monetary Fund's mission to Latvia says.

Mon, 05 Nov 2018 18:43:23 GMT

China wants to build open world economy

China wants to build an open world economy and East Asia economic community, the Chinese State Councilor and Foreign Minister Wang Yi says.

Mon, 05 Nov 2018 18:42:38 GMT

Rwanda plans to double tourism income by 2024

Rwanda plans to double tourism revenues in the next six years through sustainable wildlife conservation, a top official in the Rwanda Development Board says.

Mon, 05 Nov 2018 17:32:36 GMT

DWS Group to acquire Dubai's Neo Technologies stake

Deutsche Bank's asset manager DWS Group entered into the binding deal to acquire a 15% equity stake in the Dubai-based Neo Technologies, both companies stated on Sunday.

Mon, 05 Nov 2018 17:24:47 GMT

Lowe's plans closure of 51 Canadian and US stores

Lowe's Companies, the home improvement chain, is set to shut down 51 underperforming stores in Canada and the United States, the company announced on Monday, as it seeks to surpass its rival Home Depot.

Mon, 05 Nov 2018 16:31:43 GMT

Thoma Bravo to acquire Veracode in $950M deal

Thoma Bravo is set to acquire the software security company Veracode from the US chipmaker Broadcom in a deal valued at $950M.

Mon, 05 Nov 2018 16:17:34 GMT

American PE firm TPG bids for Australia's Greencross

On Monday, Greencross, Australia's veterinary clinics operator, stated it had received a A$5.55 per share takeover bid from the US private equity group TPG Capital, valuing the pet-care firm at A$668.4M.

Mon, 05 Nov 2018 15:39:19 GMT

Brexit deal unlikely to be agreed this week

According to a political editor of The Sun newspaper, the Brexit deal between the European Union and Britain will not be agreed this week and is likely to take place on November 27 or 28.

Mon, 05 Nov 2018 15:36:30 GMT

Takeda's head assured investors to back Shire deal

Takeda Pharmaceutical's CEO is confident of investor backing for the $62B takeover of Shire, despite shareholders' concerns over resulting debt burden.

Mon, 05 Nov 2018 14:37:14 GMT

Tencent plans expansion of all of its games' underage ID check

Tencent Holdings is set to expand its addiction-prevention system aimed at underage gamers to all the games due to a rising government scrutiny faced by the video gaming industry.

Mon, 05 Nov 2018 14:32:28 GMT

Amazon removes free shipping minimum during holiday sales

On Monday, Amazon.com announced it would offer its customers free shipping without a purchase minimum during the holiday shopping season in the company's efforts to outrun its rival Walmart.

Mon, 05 Nov 2018 12:55:42 GMT

RPC prolongs deadline for Bain, Apollo bids

RPC Group has extended its deadline for the private equity groups Bain Capital and Apollo Global Management once again to make firm proposals to acquire the plastic packaging producer.

Mon, 05 Nov 2018 12:50:25 GMT

Tata Group seeks acquiring Jet Airways' controlling stake

India's Tata Group has entered talks to acquire the majority stake of 51% in the beleaguered airline Jet Airways and the carrier's loyalty programme, according to the TV news channel CNBC-TV18.

Mon, 05 Nov 2018 12:39:51 GMT

Canada's Solar rejects CEO proposal to take firm private

Canada's Solar rejected its CEO Shawn Qu's offer to take the company private and would not consider any future deals on the topic.

Mon, 05 Nov 2018 10:38:43 GMT

Goldman Sachs to acquire another stake in Turkey's Jolly Tur

Goldman Sachs, the investment bank, stated it had signed an agreement with the Turkish travel agency Jolly Tur to acquire the second stake of the company, not disclosing any financial terms of a deal.

Mon, 05 Nov 2018 10:32:22 GMT

Apple halts iPhone XR's output boost

Apple ordered its smartphone assemblers Pegatron and Foxconn to cancel the plans for an output of the extra iPhone XR's production lines, the device that had been launched month ago, according to the Nikkei report on Monday.

Mon, 05 Nov 2018 09:05:15 GMT

Sempra Energy, Total sign MoU on North America LNG

Sempra Energy and France's energy group Total have inked a Memorandum of Understanding over the liquified natural gas in North American market.

Mon, 05 Nov 2018 09:02:14 GMT

Bank Millennium to buy SocGen's Polish arm in $484M deal

France's Societe Generale has signed an deal to sell 99.8% of its Polish arm Euro Bank for $484M to Bank Millennium, the Polish bank announced on Monday.

Mon, 05 Nov 2018 07:55:55 GMT

BOJ to stop easy policy after meeting inflation target: Kuroda

On Monday, the Governor of the Bank of Japan Haruhiko Kuroda stated that the central bank would exit the ultra-easy policy after the inflation in Japan could reach 2% target.

Mon, 05 Nov 2018 06:24:54 GMT

Asian stocks sink due to uncertainty regarding China-US trade war

On Monday, Asian stock markets sank because of the uncertainty regarding a trade tensions between the US and China which freezes risky investments and potential hikes of rate in the US.

Mon, 05 Nov 2018 06:16:10 GMT

Sales of new cars in UK fall 3% in October

On Monday, the British car industry body reported that sales of the new cars in the UK has dropped by 3% in October, mostly hit by uncertainty regarding Brexit and stricter diesel emission rules.

Mon, 05 Nov 2018 06:09:25 GMT

Services sector of China shows slowest growth in 13 months

According to the survey published by Caixin/Markit PMI, the services industry in China has shown the slowest growth in the last 13 months despite the attempt of Beijing to focus on services sector to support country's economy during the trade tensions.

Mon, 05 Nov 2018 05:38:24 GMT

BOJ Governor says regional banks need to merge to survive

On Monday, the Governor of the Bank of Japan Haruhiko Kuroda claimed that small regional Japanese banks need to consider consolidation and mergers option as a part of their strategy to survive in the current business environment.

Mon, 05 Nov 2018 05:34:36 GMT

US imposes sanctions on Iran

On Monday, the US imposed financial and oil sanctions on Iran in order to force Tehran to end the development of nuclear and missile programs.

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