News

Note: This section contains information in English only.
Wed, 22 Aug 2018 19:36:28 GMT

Shell Brazil considers possible buyout of Eletrobras assets

Royal Dutch Shell Brazil stated on Wednesday that it was evaluating a potential purchase of the Centrais Eletricas Brasileiras' assets, which had been put up for a sale to cut the state-owned utility's debts and privatisation plans.

Wed, 22 Aug 2018 19:32:33 GMT

Apple to win unconditional approval for Shazam buy from EU

Apple is set to gain unconditional antitrust approval from the European Union for its planned takeover of Shazam, the UK music discovery app, sources familiar with the deal stated on Wednesday.

Wed, 22 Aug 2018 17:51:55 GMT

Russia will lower growth forecast

On Wednesday, Russian economists announced that the yearly Russian GDP increase forecast of 1.9% is set to be decreased down to 1.8%.

Wed, 22 Aug 2018 17:51:46 GMT

S&P 500 continues to gain

The S&P 500 market index continued to rise on Wednesday, as the Federal Reserve Minutes were released during the trading session.

Wed, 22 Aug 2018 16:52:59 GMT

European stock markets steady

European stock markets finished Wednesday's trading session almost flat after a volatile trading session, which was created by various political events.

Wed, 22 Aug 2018 16:36:42 GMT

Amazon starts business in Brazil

On Wednesday, Amazon announced that the company has started selling fashion and sportswear in Brazil.

Wed, 22 Aug 2018 15:51:51 GMT

Fiat Chrysler continues with Magneti Marelli

On Wednesday, a Fiat Chrysler representative confirmed that the company is continuing with the spin-off of the company's parts producer Magneti Marelli.

Wed, 22 Aug 2018 15:51:38 GMT

Putin speaks out in Finland

The President of Russia on Wednesday in Finland spoke out against the US sanctions on Russia. Although, the President praised his recent meeting with Donald Trump.

Wed, 22 Aug 2018 15:13:40 GMT

Putin blames NATO for Russian military build up

On Wednesday, the President of Russia announced that Russia has to strengthen its military infrastructure due to NATO moving its infrastructure closer to the Russian border.

Wed, 22 Aug 2018 15:13:02 GMT

Mexico and US are near NAFTA deal

Mexican authorities on Wednesday announced that the US and Mexican counterparts are close to renegotiating the bilateral points of the North America Free Trade Agreement.

Wed, 22 Aug 2018 14:31:56 GMT

Air France-KLM new head holds talks with France's Borne

Air France-KLM's newly appointed CEO Ben Smith held a meeting with Elisabeth Borne, the French Transport Minister, as unions of the airline group are set to make a decision on the further strike over pay.

Wed, 22 Aug 2018 14:26:47 GMT

Nike stores shut down in South Africa due to public outcry over racism

On Wednesday, Nike stores were shut down in South Africa, following a public outcry triggered by a racist web post that allegedly has connection to the sportswear firm.

Wed, 22 Aug 2018 12:50:53 GMT

Target's Q2 sales and profit result tops estimates

On Wednesday, Target posted its higher-than-expected Q2 result for profit and sales, driven by increased customer visits and strong online sales, bringing its shares up 6% in premarket trade.

Wed, 22 Aug 2018 12:50:39 GMT

Xiaomi's Q2 revenue surges 68% on smartphone sales

China's Xiaomi reported its Q2 revenue skyrocketed 68.3%, helped by rapid smartphone and internet devices sales.

Wed, 22 Aug 2018 12:25:36 GMT

Navigators Group to be acquired for $2.1B

On Wednesday, Insurer Hartford Financial Services Group announced it would acquire Navigators Group in a cash-deal valued at $2.1B, as it seeks to expand its geographic reach and product offerings.

Wed, 22 Aug 2018 12:18:25 GMT

Daimler in talks to buy stake in VW's Heycar

The German carmaker Daimler is in talks to acquire a 20% stake in Volkswagen's used-car portal Heycar, and seeking to finalise a deal next week, according to Handelsblatt business daily.

Wed, 22 Aug 2018 11:33:06 GMT

CNLP seeks co-investments to cut expenses, launch expansion

China Logistics Property Holdings, supported by the Chinese e-commerce firm JD.com, is planning co-investments in warehousing projects, as it seeks to cut expenses and double its share in the domestic market.

Wed, 22 Aug 2018 10:54:43 GMT

United Airlines eyes deal on Latin American JVs

United Continental Holdings is seeing some joint venture deals with three Latin America's carriers in the near time, the airline's President Scott Kirby stated on Tuesday.

Wed, 22 Aug 2018 09:38:22 GMT

VW head says ready to merger or alliance with Ducati

The Volkswagen Chief Executive Officer Herbert Diess stated he was open to enter the alliance or a merger deal with the motorbike brand Ducati.

Wed, 22 Aug 2018 09:33:37 GMT

Australia's IOF receives sweetened buyout bid from Blackstone funds

On Wednesday, Australian Investa Office Fund stated it had received a sweetened buyout offer from two Blackstone's funds in a potential deal valued at $2.34B.

Wed, 22 Aug 2018 08:34:38 GMT

Australia's TPG Telecom considers merging with rival Vodafone

On Wednesday, Australia's TPG Telecom stated it was considering a merger with its competitor Vodafone, sending its shares up 20% on the news.

Wed, 22 Aug 2018 08:11:45 GMT

China's Zai Lab seeks HK float after Nasdaq debut last year

The US-listed Chinese biotech firm Zai Lab is planning a float in Hong Kong, following its Nasdaq debut in 2017, becoming the second company to return to the HK city, after implementation of new listing measures.

Wed, 22 Aug 2018 07:27:23 GMT

Santos to buy Quadrant Energy in $2.15B deal

The Australian energy company Santos Ltd. is set to acquire the natural gas and oil producer Quadrant Energy for $2.15B in order to strengthen its offshore operating capability.

Wed, 22 Aug 2018 07:16:11 GMT

AMP names new CEO

The Australia-based wealth manager AMP has appointed Francesco De Ferrari, the head of Credit Suisse Group's Asian Pacific unit, as its new Chief Executive Officer.

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