News

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Thu, 28 Jun 2018 13:51:19 GMT

Sempra Energy considers sale of its US renewable energy assets

On Thursday, the US utility Sempra Energy stated it is planning a sale of some of its renewable energy assets and gas storage in the United States, seeking to raise between $1.47B and $1.55B within the second quarter.

Thu, 28 Jun 2018 13:26:48 GMT

China's Hisense lifts stake in Slovenian firm Gorenje

On Thursday, the Ilirika brokerage reported that China's Hisense Electric has raised its stake in Slovenia's Gorenje, the household appliances producer, to 95.4%.

Thu, 28 Jun 2018 13:21:03 GMT

Generali to launch exclusive talks over German life book sale

Italy's Generali is launching exclusive negotiations over a potential sale of the company's German life insurance portfolio worth $48B to the private equity firm Viridium.

Thu, 28 Jun 2018 12:33:46 GMT

Athene in discussion over GE's insurance unit acquisition

According to the Financial Times, Apollo Global Management's life insurance division Athene Holding is at an early stage of talks to acquire General Electric's care insurance business.

Thu, 28 Jun 2018 12:30:18 GMT

Poland's Pekao seen to pursue merger with Alior

The Polish Bank Pekao is expected to propose a merger with its rival Alior Bank, but saying it is planning to postpone a recommendation on their collaboration until June.

Thu, 28 Jun 2018 11:23:44 GMT

Samsung, Apple reaches settlement on US patent dispute

On Wednesday, Samsung and Apple have settled their seven-year long patent dispute on the allegations from Apple that Samsung had violated its patents by copying iPhone's design.

Thu, 28 Jun 2018 11:20:08 GMT

Strada acquires rights to Nizoral shampoo from J&J

Strada, Germany's generic drug producer, is acquiring the rights to Nizoral anti-dandruff shampoo from its owner Johnson & Johnson's Janssen Pharmaceutica, its interim CEO stated on Thursday.

Thu, 28 Jun 2018 10:11:02 GMT

Media blames trade wars for US Dollar surge

Global financial media on Thursday continued to blame trade wars for the appreciation of the US Dollar. Meanwhile, almost none noted the recent increase of US central banks interest rate that should be causing an increase of the demand for the US Dollar.

Thu, 28 Jun 2018 10:10:27 GMT

Chinese decline US proposal in airline dispute

The dispute that was created between the US and Chinese authorities due to how American airlines refer to Taiwan is not likely going to get solved, as the Chinese counterpart has rejected US request for talks.

Thu, 28 Jun 2018 09:37:27 GMT

BrightView Holdings' listing priced at $22 per share

BrightView Holdings, the commercial landscaper, stated on Wednesday its initial public offering had been priced at $22 a share, less than the company was planning.

Thu, 28 Jun 2018 08:33:02 GMT

Waymo seeks to extend its car number for EU robo-taxis

Waymo, Alphabet's self-driving division, is seeking to extend the number of its vehicles needed for expansion of the company's robo-taxi service in Europe, its CEO stated on Thursday.

Thu, 28 Jun 2018 08:30:19 GMT

Walmart launches 3D virtual shopping tour

Walmart announced late on Wednesday it was launching a 3D virtual shopping online to help its customers choose the items from the national brands for their homes.

Thu, 28 Jun 2018 06:52:34 GMT

T-Mobile, Sprint defending their merger before US Senate panel

On Wednesday, ,T-Mobile and its rival mobile phone operator Sprint were defending their proposed $26B merger before the US Senate panel, claiming it would add new jobs and not lift prices.

Thu, 28 Jun 2018 06:52:21 GMT

GT Capital plans $202M investment in Toyota Motor

Philippines' GT Capital Holdings is set to acquire Toyota Motor's shares worth up to $201.6M, the Asian conglomerate stated on Thursday.

Thu, 28 Jun 2018 06:37:30 GMT

Marfrig Global Foods nears decision over Keystone sale

The Brazilian company Marfrig Global Foods is nearing to a decision on its US unit Keystone Foods sale, which provides chicken to the popular restaurants chains.

Thu, 28 Jun 2018 05:39:19 GMT

RBNZ changes time, day of rate announcements

The Reserve Bank of New Zealand stated it would change the time and date of interest rate announcements starting from 2019, as the Bank switches to decisions made at its board meetings.

Thu, 28 Jun 2018 05:35:13 GMT

China factory expansion seen cooling in June

Growth in the Chinese manufacturing sector is anticipated to weaken slightly in June after a surprise rise in May, but along with high industrial profits it would allay concern of a sharp slowdown in the economy.

Thu, 28 Jun 2018 04:19:36 GMT

US brokerage of Deutsche Bank fined $1.4M for reporting problems

Deutsche Banks US securities division agreed to pay a $1.4M fine to the FINRA to settle expenses that it violated supervisory and reporting rules related to municipal bond and equity trades.

Thu, 28 Jun 2018 04:06:34 GMT

BoC Polz keeps markets guessing on rate move in July

The effects of US tariffs and tighter mortgage regulations are likely to figure in the BoC rate move in July, but Stephen Poloz, the Bank's Governor, kept markets guessing on what to expect, a raise or a hold.

Thu, 28 Jun 2018 02:35:27 GMT

Disney gets approval to buy Fox

Walt Disney won the US approval to buy 21st Century Fox entertainment assets for $71.3B on condition that it sell 22 regional sports networks of Fox, taking an edge over Comcast's competing bid.

Thu, 28 Jun 2018 02:31:30 GMT

Profits of UK motor insurers reach 23-year high in 2017

British motor insurers reported that their underwriting profits reached a 23-year high in 2017 and this year is also expected to be profitable, EY stated on Thursday.

Wed, 27 Jun 2018 20:21:49 GMT

Kremlin: Putin, Trump to meet in third country

The Russian President Vladimir Putin and the US President Donald Trump will meet in a third country, the Kremlin aide Yuri Ushakov says.

Wed, 27 Jun 2018 20:20:50 GMT

World Bank approves $350M credit to Tanzania

The World Bank approved $350M credit to Tanzania to build infrastructure for delivering water to 3 million people in rural areas.

Wed, 27 Jun 2018 19:30:30 GMT

Xi meets with US Secretary of Defence

The Chinese President Xi Jinping on Wednesday met with the visiting US Secretary of Defence James Mattis in Beijing.

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