News

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Fri, 22 Jun 2018 14:36:50 GMT

Insurer Allianz agrees JV to develop UK student housing

The insurer Allianz has agreed on Friday to join a venture with Canada's PSPIB and Greystar Real Estate Partners to develop the UK student housing.

Fri, 22 Jun 2018 14:33:10 GMT

Brazil antitrust watchdog grants approval for Walmart-Advent deal

On Friday, the buyout company Advent International has received an approval from the Brazilian antitrust regulator to acquire Walmart's Brazil operations.

Fri, 22 Jun 2018 13:39:43 GMT

Taiwan's TSMC to make investment into five nanometer node tech

Apple's supplier Taiwan Semiconductor Manufacturing Co announced on Thursday it was planning to make a $25B investment into the five nanometer node technology.

Fri, 22 Jun 2018 13:36:52 GMT

Amazon, JPMorgan, Berkshire appoint new healthcare venture CEO

Atul Gawande, the well-regarded author and surgeon, has been appointed as the Chief Executive of the healthcare venture formed by JPMorgan Chase, Berkshire Hathaway and Amazon.com to cut the US employee healthcare costs.

Fri, 22 Jun 2018 12:36:07 GMT

US Echostar builds nearly 3% stake in Inmarsat

Echostar, the US satellite operator, has built nearly 3% stake in Britain's Inmarsat, which it is intending to acquire, according to the stock exchange filing showed on Friday.

Fri, 22 Jun 2018 12:32:20 GMT

Steinhoff to sell Austria property assets to Signa for $570M

Steinhoff is set to sell its Austrian property assets to Signa Holdings in a deal valued at $570M, as the crisis-hit South African retailer is trying to recover after an accounting scandal.

Fri, 22 Jun 2018 11:36:45 GMT

Shares in online retailers drop after US rules on sales tax

Shares in the US online retailers plunged after the Supreme Court ruled the stated can force such firms as Amazon, Wayfair, eBay.

Fri, 22 Jun 2018 11:33:09 GMT

Norway's competition watchdog fines Telenor $96M over market position

On Thursday, Norway's Telenor has been fined $96.3M by the country's competition watchdog, as the telecoms provider deemed to abuse its dominant market position.

Fri, 22 Jun 2018 10:21:43 GMT

Venezuela says reaching oil production target will be ‘challenge'

The Venezuelan Oil Minister Manuel Quevedo told media on Friday that reaching the oil production target of 1M barrels a day by the end of 2018 would be "a challenge".

Fri, 22 Jun 2018 10:13:37 GMT

Airbus says no Brexit-deal threatens its future operations in UK

Airbus said on Friday that the United Kingdom's withdrawal from the European Union without an agreement would threaten its future operations in the country.

Fri, 22 Jun 2018 09:03:57 GMT

Siris Capital subsidiary to acquire Web.com for $2.0B

The private equity group Siris Capital's unit stated on Thursday it would acquire Web.com Group in a takeover deal worth $2.0B, sending its shares up 8% in the pre-market trading.

Fri, 22 Jun 2018 09:03:38 GMT

Paris halts Autolib EV sharing accord with Bollore

Paris authorities have terminated the Bollore group's agreement to operate the Autolib fleet of electric vehicles amid financial difficulties at the car-sharing scheme.

Fri, 22 Jun 2018 08:01:45 GMT

Piraeus Bank will sell bad loans

Largest Greek lender by assets Piraeus Bank is set to sell a 400M Euro pool of bad loans. The pool consists of nearly 220,000 non-performing loans.

Fri, 22 Jun 2018 08:00:29 GMT

European shares are set to book losing week

Although on Friday European stocks slightly surged, the European markets were set to book the worst week in three months.

Fri, 22 Jun 2018 07:28:54 GMT

Italian far right denies EU exit plans

A top lawmaker for the Italian far-right League party on Friday revealed that the political movement does not have an Italian EU exit on its agenda.

Fri, 22 Jun 2018 07:28:29 GMT

OPEC can't make supply deal

OPEC countries on Friday struggled to agree upon their common oil production policy, as Iran opposed an increase in production.

Fri, 22 Jun 2018 05:03:07 GMT

Japan orders to report suspicions transfers related to North Korea

According to source familiar with the matter, the Financial Services Agency of Japan told country's banks on Friday to report all suspicions transactions involving or made by 10 Japan-North Korea joint ventures.

Fri, 22 Jun 2018 05:02:59 GMT

Oil prices surges amid OPEC meeting

Crude oil prices soared on Friday by 1.5% or 95 cents, reaching $66.49 a barrel, amid ambiguity over whether members of the OPEC would agree to increase oil production.

Fri, 22 Jun 2018 04:19:48 GMT

Malaysia selects new head of central bank

According to a government source, Nor Shamsiah Mohd Yunus was elected on Friday as the new head of Malaysia's central bank, thus replacing a 92-year-old Muhammad Ibrahim.

Fri, 22 Jun 2018 04:18:56 GMT

China to impose anti-dumping tariffs on imported styrene

The Chinese Commerce Ministry stated on Friday it will introduce anti-dumping tariffs, ranging from 3.8% to 55.7%, on styrene supplied from Taiwan, South Korea and the United States.

Fri, 22 Jun 2018 03:08:12 GMT

GM to produce Chevrolet Blazer in Mexico

General Motors is expected to produce Chevrolet Blazer in Mexico, a company spokesman stated, when the US President Donald Trump was pressing automakers to build more cars in the US.

Fri, 22 Jun 2018 03:04:37 GMT

Japan's steady inflation in May shows BoJ stimulus not moving prices

Japan's core consumer inflation remained steady in May from the prior month, highlighting the challenge facing the Central Bank as more than five years of stimulus failed to push prices to its 2% goal.

Fri, 22 Jun 2018 02:35:05 GMT

Tesla to shut solar facilities in nine US states

Electric car producer Tesla's move last week to cut 9% of its workforce is likely to sharply downsize the solar business it purchased two years earlier in a controversial $2.6B deal.

Fri, 22 Jun 2018 02:30:29 GMT

Japan flash manufacturing PMI increases in June

Japan's manufacturing activity expanded in June at a stronger pace than the prior month, but export orders fell for the first time in nearly two years in a sign about overseas demand, a preliminary survey revealed.

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