News

Note: This section contains information in English only.
Fri, 06 Jul 2018 12:49:22 GMT

Belgium's Ontex rebuffs takeover bid from PAI Partners

Ontex, the Belgian diaper maker, rejected a takeover offer from the private equity group PAI Partners, claiming the proposal was too low.

Fri, 06 Jul 2018 12:25:00 GMT

Altice sells out its Point de Vue magazine

Altice has agreed on a sale of its French high-society and royalty magazine "Point de Vue" amid the company's asset-disposal programme to lower debts.

Fri, 06 Jul 2018 12:15:13 GMT

Italy's Cerved works on potential M&A deals

Marco Nespolo, the CEO of Italy's debt collector and data provider Cerved Group, stated his company is working on important mergers and acquisitions among the sectors where the firm already operates.

Fri, 06 Jul 2018 11:35:14 GMT

ObsEva views Swiss IPO, trading debut this month

ObsEva, the Swiss drug development firm, is planning a listing on the Zurich SIX Swiss Exchange and a trading debut scheduled for July 13, as it seeks expansion among EU investors.

Fri, 06 Jul 2018 11:31:22 GMT

Praxair, Linde hope to seal their merger this year

Germany's industrial gases firm Linde and peer Praxair are seeking to sign a merger deal this year, after they had agreed to sell Praxair's EU gases business to Japan's competitor Taiyo Nippon Sanso.

Fri, 06 Jul 2018 10:23:50 GMT

Chinese Premier speaks out about trade wars

The Chinese Premier Li Keqiang on Friday announced that the US trade tariffs slammed on China will create a bad outcome for both countries.

Fri, 06 Jul 2018 10:23:22 GMT

Nestle's new CEO is seen as secret weapon

It has been recently noticed and revealed by some analysts that Nestle is progressing due to it having a CEO, which has a mixed cultural background.

Fri, 06 Jul 2018 09:32:30 GMT

Japanese firm Mitsui likely to lift stake in Vale

Mitsui & Co, Japan's trading house, is likely to raise its stake in the Brazilian firm Vale SA, in case of other shareholders selling part of their shares, the company's Chief Executive stated.

Fri, 06 Jul 2018 09:28:20 GMT

Rolls-Royce plans sale of its commercial marine business

Rolls-Royce is planning to sell its unprofitable commercial marine business unit to the Norwegian group Kongsberg Gruppen for $661M amid the company's restructuring launched by its CEO Warren East.

Fri, 06 Jul 2018 08:36:47 GMT

Echostar hopes for talks with Inmarsat after $3.2B bid rejection

Echostar, the US satellite group, stated it was hoping for talks with the Inmarsat board after the British company rebuffed its takeover bid worth $3.2B to equity holders.

Fri, 06 Jul 2018 08:34:26 GMT

LG Electronics sees 16.1% surge in Q2 profit, disappointing analysts

On Friday, LG Electronics stated its Q2 operating profit likely surged 16.1%, missing analysts' expectations for a higher reading for the company's new products in the appliance, TV and smartphone divisions.

Fri, 06 Jul 2018 07:05:44 GMT

EU venture fund Atomico hires ex-Google and Uber managers

The EU biggest independent venture fund Atomico hired the former managers from Uber and Google to join its international expansion boost of the company's portfolio of over 50 growth stage firms and start-ups.

Fri, 06 Jul 2018 07:05:04 GMT

China plans further reduction in EV subsidies in 2019

China is thinking over further reduction in the electric car subsidies next year, according to the a Bloomberg report on Friday, calling the carmakers to focus on tech improvements rather relying on the fiscal policy.

Fri, 06 Jul 2018 05:08:40 GMT

China to resist US trade bullying

The Commerce Ministry of China said on Friday it has no options other than proportionally resist the US President Donald Trump trade bullying, adding that such behaviour negatively affects global value chains.

Fri, 06 Jul 2018 05:08:29 GMT

China criticizes Iran's statement on Strait of Hormuz

The Chinese Assistant Foreign Minister Chen Xiaodong said on Friday that Iran is one of the responsible for stability in the Middle East and should do more to get along with Saudi Arabia and other neighbours.

Fri, 06 Jul 2018 04:08:24 GMT

Chen Feng to remain HNA's sole chair

Chinese conglomerate HNA Group stated on Friday that Chen Feng will remain the only chairman after the company's co-founder Wang Jian died suddenly during trip to Europe this week.

Fri, 06 Jul 2018 04:01:44 GMT

US ready to ensure navigation in Strait of Hormuz

The US military's Central Command stated on Thursday that its Navy would be ready to ensure free navigation in the Strait of Hormuz if Iranian Revolutionary Guards tried to take it under its control.

Fri, 06 Jul 2018 02:37:41 GMT

Samsung Electronics: second quarter profit grows 5.2%

South Korea's tech giant Samsung Electronics estimated that earnings grew at the weakest pace in more than a year of 5.2% in the Q2, as slow sales of smartphones were likely to offset record high chip earnings.

Fri, 06 Jul 2018 02:33:48 GMT

Japan government to expect inflation of 1.5% in 2019 fiscal year

The government of Japan is expected to forecast consumer prices to increase 1.5% in the fiscal year starting in April 2019, a document revealed on Friday.

Thu, 05 Jul 2018 20:34:19 GMT

US EPA chief resigns

On Thursday, the President of the US Donald Trump claimed that a chief of US Environmental Protection Agency Scott Pruitt resigned because of the ethics accusations.

Thu, 05 Jul 2018 20:31:25 GMT

Airbus left waiting for AirAsia jet agreement

On Thursday, Airbus failed to sign an agreement with Chief Executive of Air Asia Tony Fernandes after his visit to Airbus office in Toulouse to negotiate about Airbus A330neo multi-billion deal.

Thu, 05 Jul 2018 19:35:24 GMT

Trump names new communications deputy chief

On Thursday, the President of the US Donald Trump named Bill Shine, the former executive of Fox News, to the deputy chief of staff for communications after resignation of Hope Hicks' in February.

Thu, 05 Jul 2018 19:31:17 GMT

UN urges to open border after Syrian army comes closer to Jordan

Syrian army came closer to the border of Jordan as Russian military and Syrian opposition agreed on resuming previously suspended talks on ending fighting in the region, resulting in UN's request to Jordan to open its borders for refugees.

Thu, 05 Jul 2018 18:36:09 GMT

Thyssenkrupp Chief Executive asks to resign

On Thursday, Chief Executive Officer of Thyssenkrupp Heinrich Hiesinger asked to step down after signing a joint venture agreement between Thyssenkrupp and Indian manufacturing giant Tata Steel. 

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