News

Note: This section contains information in English only.
Mon, 02 Jul 2018 08:28:47 GMT

Japan's Uzabase to acquire Quartz from US peer Atlantic Media

Uzabase, the Japanese media company, announced on Monday it had agreed to acquire the Quartz business news website from the US firm Atlantic Media in a deal worth between $75M-$110M.

Mon, 02 Jul 2018 07:08:50 GMT

China's HNA drops $207M purchase of Australia's logistics unit

On Monday, the Chinese debt-laden HNA Group has cancelled its $207M takeover of Australia's logistics business, amid the alleged cashflow problems at the company.

Mon, 02 Jul 2018 06:57:38 GMT

Tesco, Carrefour plan to form global strategic alliance

British peer Tesco and France's supermarket retailer Carrefour announced their plans on Monday to establish a strategic long-term purchasing alliance, amid intention to cut their costs.

Mon, 02 Jul 2018 06:36:37 GMT

Micro Focus agrees to its SUSE software unit sale

On Monday, Micro Focus International, the British software firm, stated it had agreed to a sale of its Linux operating system SUSE division to the private equity group led by Swedish firm EQT Partners in a $2.535B deal.

Mon, 02 Jul 2018 06:31:47 GMT

Dell closer to buy out VMWare's tracking stock

According to sources familiar with the issue, Dell is moving towards a buyout of the VMWare tracking stocks using cash and equity.

Mon, 02 Jul 2018 05:19:29 GMT

CEO: Panasonic would consider investing more in Tesla's Gigafactory

The CEO of Panasonic Corp Yoshio Ito said the company would consider providing additional investment for Tesla's automotive battery plant Gigafactory if necessary.

Mon, 02 Jul 2018 05:18:54 GMT

Nordea buys Gjensidige Bank

Nordea is set to acquire 100% stake in Gjensidige Bank ASA with the deal closing during the first quarter of 2019.

Mon, 02 Jul 2018 04:13:49 GMT

KKR transforms to corporation

The global investment firm KKR & Co has changed its legal form from a publicly traded partnership to a corporation, as it seeks to attract new investors.

Mon, 02 Jul 2018 04:06:48 GMT

Mexican Peso strengthens on election results

The Mexican Peso surged early on Monday in response to polls showing that Andres Manuel Lopez Obrador had won the Mexican presidential election.

Mon, 02 Jul 2018 03:33:53 GMT

China manufacturing sector's growth slows in June

Growth in the Chinese manufacturing sector weakened slightly in June, as companies faced higher input costs and a decrease in export orders due to the trade dispute with the US, a private survey revealed.

Mon, 02 Jul 2018 03:30:03 GMT

Brexit clouds mood of UK financial sector

Banks' Brexit worries were the main theme in a survey of the UK financial sector, even though business sentiment stabilised in the Q2, ending a two-year decline, and recruitment increased.

Mon, 02 Jul 2018 02:37:21 GMT

Nissan cancels potential $1B battery unit sale to GSR

Nissan Motor announced that it cancelled a potential $1B sale of electric battery business to GSR Capital, as China's investment company had not enough funds to make the purchase.

Mon, 02 Jul 2018 02:31:39 GMT

Japan manufacturing PMI grows, export orders fall in June

Japan's manufacturing activity rose at a faster pace in June, though export orders contracted more than previously reported, indicating the possible impact of a trade dispute between the US and major economies.

Sun, 01 Jul 2018 20:30:17 GMT

Finland prepares for Trump-Putin meeting

According to the Director of the Russian Foreign Ministry's European Cooperation Department Andrey Kelin, Russian, Finnish and American diplomats are working closely to prepare for the US President Donald Trump meeting with his Russian colleague Vladimir Putin.

Sun, 01 Jul 2018 20:27:58 GMT

Haftar stands against any foreign presence in Lybia

One of the Libyan de facto leaders Khalifa Haftar rejected on Saturday a possibility of any foreign armed forces presence even if its only task would be countering illegal migration.

Sun, 01 Jul 2018 19:10:46 GMT

ICRC says Myanmar not prepared for Rohingya returns

The President of International Committee of the Red Cross Peter Maurer stated on Sunday that situation in Myanmar was not safe enough to allow Rohingya refugees to begin returning back home.

Sun, 01 Jul 2018 19:05:08 GMT

Demand for Dollar diminishes

According to the International Monetary Fund's data, share of the US Dollar as global reserve currency decreased in Q1 2018 compared to Euro, British Pound and Chinese Yuan.

Sun, 01 Jul 2018 18:08:21 GMT

Low turnouts in Hong Kong's annual pro-democracy protest

On Sunday, Hong Kong's pro-democracy protesters weakness one of the lowest turnouts in recent history as thousands of people protest against Chinese rule.

Sun, 01 Jul 2018 18:08:02 GMT

Mexican voters set to pick new president

Mexican voters went to the polls on Sunday to elect their new president in a historic election that could reshape the country.

Sun, 01 Jul 2018 17:12:42 GMT

France pays homage to Veil

On Sunday, the French people paid tribute to Simone Veil, a survivor of Holocaust, well known for legalizing abortion.

Sun, 01 Jul 2018 17:12:26 GMT

Tenaris cut off Canadian workers

Steel pipe producer Tenaris SA announced that it would temporarily cut off workers and modify production at a Canadian plant as President Donald Trump steel tariffs bite.

Sun, 01 Jul 2018 16:08:37 GMT

Trump warns European companies on Iran

On Sunday, the US President Donald Trump said that the United States would impose sanctions on companies that do business with Iran, including Europe.

Sun, 01 Jul 2018 16:08:23 GMT

President Trump accuse OPEC of manipulating oil price

The United States President Donald Trump blamed OPEC for manipulating oil market and asked it to stop.

Sun, 01 Jul 2018 15:02:40 GMT

North Korea can close nuclear program in year

The White House National Security Adviser John Bolton said on Sunday that North Korean nuclear, biological and chemical programs could be liquidated within a year.

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