News

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Tue, 10 Jul 2018 07:07:43 GMT

Ping An Asset Management to buy 19.7% stake in China Fortune Land

China Fortune Land Development announced on Tuesday that Ping An Asset Management was ready to acquire its 19.7% stake worth $2.09B from the company's controlling shareholder.

Tue, 10 Jul 2018 07:03:44 GMT

Japan's Idemitsu to merge with Showa Shell in April

On Tuesday, Idemitsu Kosan, Japan's oil refiner has won founding family's approval for a merger with Showa Shell Sekiyu the next year, on April 1.

Tue, 10 Jul 2018 06:39:34 GMT

Sorrell outraces WPP to buy Dutch agency MediaMonks

Martin Sorrell has topped the WPP offer to acquire the Dutch highly coveted agency MediaMonks, in a deal that could probably sour relations with the firm he founded.

Tue, 10 Jul 2018 06:35:19 GMT

US regulator grants key approval to Takeda's takeover of Shire

On Tuesday, the Japanese group Takeda Pharmaceutical stated it had received a key US regulatory approval to acquire the British firm Shire in a deal valued at $62B.

Tue, 10 Jul 2018 05:08:04 GMT

Jtekt holds off on expansion plan in Mexico awaiting NAFTA

Jtekt, the Japanese auto parts supplier, stated that it was delaying plan of expanding production in Mexico, pending the outcome of negotiations over the NAFTA.

Tue, 10 Jul 2018 05:07:09 GMT

China producer prices grow markedly in June

China's producer inflation marked the strongest growth pace in six months in June, supported by high commodity prices and the threat of putting more pressure on exporters amid trade war between Beijing and Washington.

Tue, 10 Jul 2018 04:03:10 GMT

China, Panama begin free trade talks

China and Panama started free trade talks, aiming to craft an agreement, which could turn the country in Central America into a hub for China's goods across Latin America.

Tue, 10 Jul 2018 03:57:27 GMT

Alphabet, Uber invest in bike sharing firm Lime

Bike sharing firm Lime stated on Monday it raised $335M from an investors' group, which included Allphabet and ride-sharing company Uber Technologies.

Tue, 10 Jul 2018 02:54:35 GMT

Brent crude prices grow as oil workers in Norway set to strike

Oil prices grew on Tuesday on rising concerns about likely supply shortages, with Brent crude oil leading the way, as Norway's oil workers were expected to strike later today after failed wage negotiations.

Tue, 10 Jul 2018 02:54:24 GMT

Japan to tap reserve funds for flood disasters

Japan's Finance Minister Taro Aso stated that the government would use funds reserved in the fiscal budget for 2018 to help restore infrastructure and lifelines in the flood stricken regions in the West of Japan.

Tue, 10 Jul 2018 02:33:48 GMT

SoftBank to buy $2B of Yahoo Japan shares from Altaba

SoftBank Group Corp statedthat its unit SoftBank Corp is set to buy $2B worth shares in Yahoo Japan, a 10.78% stake, currently held by the US investment firm Altaba.

Tue, 10 Jul 2018 02:28:45 GMT

Passenger traffic of LATAM Airlines grows 2.8% in first half

LATAM Airlines, the biggest air carrier in Latin America, stated that its passenger traffic rose 2.8% in the first half of this year on demand in Spanish-speaking countries.

Mon, 09 Jul 2018 20:27:19 GMT

Embraer's shareholder files lawsuit against deal with Boeing

Embraer's shareholder has filed an official complaint with Brazilian securities regulator against an acquisition deal of its commercial plane unit by Boeing, the Valor Economico newspaper said.

Mon, 09 Jul 2018 20:22:15 GMT

Fox seeks to beat Comcast's offer for Sky

21st Century Fox is planning a new offer for Sky worth around $33.14B to top the bid proposed by Comcast, according to the Financial Times report.

Mon, 09 Jul 2018 18:21:05 GMT

Bank surge helps Wall Street as traders await strong earnings

US stocks rallied on Monday, with Industrial and banks stocks driving a third consecutive session of gains on Wall Street as investors await quarterly earnings session.

Mon, 09 Jul 2018 18:17:32 GMT

Trump prepares to unveil Supreme Court Pick

US President Donald J Trump is set to unveil his Supreme Court nominee on Monday night to succeed retiring Justice Anthony Kennedy.

Mon, 09 Jul 2018 17:28:44 GMT

UK Foreign Secretary Johnson resigns

Boris Johnson has resigned as British Foreign Minister on Monday in protest of Prime Minister Theresa May's Brexit plan.

Mon, 09 Jul 2018 17:24:37 GMT

UK Prime Minister May will fight any attempt to remove her from office

British Prime Minister Theresa May is expected to fight any attempt made by leading Eurosceptic ministers to oust her from office. Her spokesman stated on Monday.

Mon, 09 Jul 2018 16:20:32 GMT

ECB's Nowotny: Brexit to hurt EZ economies

Britain's ramshackle quit from the European Union, as two Ministers quit the government on Monday, is likely to damage economic expansion in the Euro Zone, the ECB policymaker Ewald Nowotny stated.

Mon, 09 Jul 2018 16:16:21 GMT

VW to return SEAT brand to China in 2020/21

Volkswagen stated that its Spanish brand SEAT is set to return to China's market in 2020/21 within an agreement with the Chinese Anhui Jianghuai Automobile Group to develop EV.

Mon, 09 Jul 2018 16:12:31 GMT

China's new loans to increase in June

China's new bank loans are likely to rebound in June, a Reuters poll revealed, as the Central Bank attempted to support lending to businesses and boost liquidity, facing worsening global trade prospects.

Mon, 09 Jul 2018 15:02:30 GMT

Norway declines holding up Tesla's move to enhance service

Norway rejected a suggestion that it was holding up Tesla's attempts to improve its service in the third-biggest market, adding that the company did not apply to use vans needed to solve its problems.

Mon, 09 Jul 2018 13:55:38 GMT

Wall Street is expected to gain

US stocks markets were expected to start the week's trading higher. The reason was the weaker US Dollar, which dropped on Friday due to weak US employment data.

Mon, 09 Jul 2018 13:55:27 GMT

Macedonia expects approval from NATO

Macedonian authorities on Monday revealed that they are expecting to get the approval to start negotiations about joining NATO.

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