News

Note: This section contains information in English only.
Thu, 12 Jul 2018 09:18:10 GMT

AT&T ties up with Magic Leap to sell wireless gadgets in US

AT&T has teamed up with Magic Leap, an augmented reality start-up supported by Alibaba and Google, as it is planning exclusive wireless gadgets sale in the United States.

Thu, 12 Jul 2018 08:38:32 GMT

HSH Nordbank bondholders ask US for help in privatisation lawsuit

HSH Nordbank's bondholders in Germany seek to file a lawsuit against the lender for the presumable unfair treatment during privatisation, calling on the United States for help to issue subpoenas for its new owners.

Thu, 12 Jul 2018 08:35:49 GMT

Steinhoff calls on creditors for deal to shelve debt claims

Steinhoff is in negotiations with creditors over a deal to delay debt claims for the next three years to restructure $10.55B of debt, South Africa's retailer stated on Wednesday.

Thu, 12 Jul 2018 07:02:51 GMT

Apollo expresses interest in Nexstar acquisition

Apollo Global Management, the US buyout company, approached Nexstar Media Group, expressing interest in a takeover of the TV stations operator, sources reported.

Thu, 12 Jul 2018 06:54:49 GMT

Indonesia signs deal to acquire controlling stake in Freeport mine

Indonesia has signed an initial accord with Freeport-McMoRan for the state-led mining firm PT Inalum to acquire a majority stake in the Freeport's local unit, the authorities announced on Thursday.

Thu, 12 Jul 2018 06:37:58 GMT

US defence contractor Engility considers sale

Engility Holdings, the US defence contractor, is considering a sale, due to a consolidation wave in the US government services sector, sources close to the issue announced on Wednesday.

Thu, 12 Jul 2018 06:34:49 GMT

Pfizer to reorganise into three units, separates consumer health arm

On Wednesday, Pfizer stated it would launch its reorganisation into three arms, planning to separate its consumer health unit that has been on a sale since the last year.

Thu, 12 Jul 2018 05:00:04 GMT

Bank of Korea keeps rates unchanged

The Central Bank of South Korea held its monetary policy steady for a fifth meeting in successions, as the weak state of the labour market and the US-China trade war clouded the outlook.

Thu, 12 Jul 2018 04:55:07 GMT

Finance affiliate of JD.com raises $2B

JD.com's finance affiliate stated that it signed agreements with investors to raise $1.96B and reach the total valuation of almost 20B by the end of fundraising.

Thu, 12 Jul 2018 04:42:49 GMT

Tiger Global gets $1B stake in SoftBank

The US hedge fund Tiger Global took a stake worth more than $1B in SoftBank Group, as it considers Japan's firm to be undervalued, causing a 6.8% increase in SoftBank shares.

Thu, 12 Jul 2018 04:39:15 GMT

US crude exports to India grow ahead of Iran sanctions

The US exports of crude oil to India reached a record last month and this year would double last year's total as Asia's nation's refiners are set to replace supplies from Venezuela and Iran.

Thu, 12 Jul 2018 03:09:36 GMT

Comcast tops Fox's offer for Sky

Comcast raised the all-cash offer for the UK's Sky to $34B, topping an increased bid of $32.5B for the pay-TV group from Twenty-First Century Fox.

Thu, 12 Jul 2018 03:09:06 GMT

Walmex's e-commerce VP: groceries to fuel online business

Wal Mart de Mexico's new e-commerce Head planned to play to the company's strengths in deliveries of groceries to help the retailer stand apart from its rivals, such as Amazon.com Inc and MercadoLibre.

Thu, 12 Jul 2018 02:33:53 GMT

Broadcom plans to buy software firm CA for $19B

Broadcom planned to acquire the US business software firm CA in a $19B deal in a bid to diversify the company beyond semiconductors, but analysts of Wall Street were immediately sceptical.

Thu, 12 Jul 2018 02:29:19 GMT

Walmart to quit Japan with Seiyu sale

The US retailer Walmart announced the decision to sell Japan's supermarket chain Seiyu and approached private equity funds and major retailers, the Nikkei reported on Thursday.

Wed, 11 Jul 2018 20:16:28 GMT

Uber's CPO resigns amid racial claims

Liane Hornsey has resigned from her position as the Chief People Officer of Uber Technologies Inc in relation to improper handling of racial discrimination within the company.

Wed, 11 Jul 2018 20:09:10 GMT

Withdrawals from Janus Henderson Fund reach $615M

According to Morningstar, US investors continued to withdraw funds from the Janus Henderson Global Unconstrained Bond Fund in June, with the total amount reaching $615M in 2018.

Wed, 11 Jul 2018 19:18:11 GMT

FDI in Chile reaches record high in Jan-Apr

InvestChile reported on Wednesday that foreign direct investment in Chile reached a record-high of $8.48B during the first four months of 2018.

Wed, 11 Jul 2018 19:17:05 GMT

EU criticises Malta for AML application

The European Banking Authority has criticised Malta for its application of EU anti-money-laundering rules, saying that it has discovered ‘general and systematic shortcomings'.

Wed, 11 Jul 2018 18:12:08 GMT

Taxi drivers in Kenya reach agreement on better working conditions

The Transport Ministry of Kenya agreed on Wednesday to increase pay and provide better working conditions for drivers of taxi hailing firms.

Wed, 11 Jul 2018 18:08:38 GMT

BoE: banks lack auditors for rotation

According to the Bank of England, banks have limited choice of auditors that must be changed periodically under the EU law, as this sector is dominated by the Big Four companies.

Wed, 11 Jul 2018 17:07:15 GMT

Oil falls amid increased supply, trade tensions

The price of oil futures declined considerably on Wednesday, driven by increased supply from Libya and trade tensions between China and the United States.

Wed, 11 Jul 2018 17:05:54 GMT

ECB gives more time to secure against NPLs

The European Central Bank said it would give Euro zone banks more time to secure against non-performing loans if their soared debt is at a considerably high level.

Wed, 11 Jul 2018 15:51:04 GMT

Trump remains optimistic after meeting Macron

After the leaders of the United States and the French Republic met both sides announced that issues regarding defence and trade will be solved.

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