News

Note: This section contains information in English only.
Thu, 07 Jun 2018 13:09:00 GMT

Ford to shut down Bordeaux factory in no buyer found

On Thursday, Ford is considering to shut down its Blanquefort gearbox factory in France's Bordeaux, if no buyer could be found, the US carmaker stated on Thursday.

Thu, 07 Jun 2018 12:38:06 GMT

Honest Co receives $200M investment from L Catterton

On Wednesday, the consumer goods firm that is co-founded by Jessica Alba, Honest Co, stated it had received n investment worth $200M from the private equity group L Catterton.

Thu, 07 Jun 2018 11:34:44 GMT

Steinhoff receives creditors' support letters for two finance firms

on Wednesday, South Africa's Steinhoff stated it had received support letters from creditors for two of its finance companies, following the firm's embroilment into accounting scandal.

Thu, 07 Jun 2018 11:31:28 GMT

Shanghai Electric to acquire 51% stake in GCL-Poly's unit

GCL-Poly Energy Holdings is planning to sell a 51% stake in its photovoltaic developing division to Shanghai Electric, the industrial equipment producer.

Thu, 07 Jun 2018 10:15:12 GMT

Oil rises on Thursday due to Venezuela

As oil prices increased on Thursday, media outlets put the blame on the surge on the expected decrease of Venezuelan oil exports.

Thu, 07 Jun 2018 10:14:16 GMT

Gucci aims to have 10 billion in revenue

Italian company Gucci on Thursday announced that the company is set to grow and reach ten billion Euros in revenue.

Thu, 07 Jun 2018 09:36:50 GMT

Fujifilm considers giving up on merger with Xerox if no progress

On Thursday, Fujifilm Holdings stated it would have to walk away from the merger deal with Xerox worth $6.1B, if there was no progress in negotiations for about six months.

Thu, 07 Jun 2018 09:33:43 GMT

Tencent, Geely to acquire 49% stake in China Railway unit

Tencent Holdings and Zhejiang Geely have won an offer to buy a 49% stake in the China Railway Corp's subsidiary for $672.52M, Geely announced on Thursday.

Thu, 07 Jun 2018 07:58:51 GMT

Platform Specialty in negotiations over agrochemicals unit sale

Platform Specialty Products is in advanced negotiations over a sale of its agrochemicals business unit to Wilmcote Holdings in a deal that could be valued at $3.0B, according to the Wall Street Journal.

Thu, 07 Jun 2018 07:58:39 GMT

J&J receives $2.7B bid for its sterilisation unit

On Wednesday, Johnson & Johnson said it had received a proposal from Fortive Corp, worth around $2.7B in cash, to acquire its medical sterilisation unit.

Thu, 07 Jun 2018 07:23:30 GMT

VIG acquires Gothaer Finanzholding's Polish unit

On Thursday, Vienna Insurance Group announced it had bought a Polish unit of the German peer Gothaer Finanzholding, seeking to expand its services in the country.

Thu, 07 Jun 2018 06:52:44 GMT

China's Huobi Group plans $100M investment into new blockchain

China's global financial service operator Huobi Group stated on Wednesday it would invest $100M to establish a new public blockchain.

Thu, 07 Jun 2018 06:38:24 GMT

Tesla shares surge on Model 3 hitting Musk's target

The shares of Tesla are heading for their best in over two years, after the carmaker's CEO Elon Musk announced it was heading to hit its 5K vehicles per week target, seemed for the June-end.

Thu, 07 Jun 2018 05:23:01 GMT

Revolut to offer fee-free share trading for customers

The UK digital-only bank Revolut stated that it was creating a fee-free trading platform on the bank's application, the latest bid to use technologies to underbid traditional financial services.

Thu, 07 Jun 2018 05:10:52 GMT

Twitter to offer $1B convertible note

Twitter was preparing a $1B convertible note offering, one day after reports that it is likely to be included in the S&P 500 index fuelled 5% increase in shares to a more than three-year high.

Thu, 07 Jun 2018 04:34:52 GMT

France to Trump: unlikely to sign G7 statement

France joined Germany to warn the US President Donald Trump that the country will not sign the G7 joint statement at the summit in Quebec this week, France's official stated.

Thu, 07 Jun 2018 04:31:29 GMT

Top Russian, US military officers to meet on Friday

Joseph Dunford Jr., the top US military officer, is expected to meet Valery Gerasimov, the Russian counterpart, in Helsinki this Friday, Finland's defence forces stated in a statement.

Thu, 07 Jun 2018 03:34:46 GMT

Ichan purchases stake in Allergan

Billionaire investor Carl Icahn bought a stake in Allergan, while the company was under pressure from other shareholders, sources familiar with the matter stated.

Thu, 07 Jun 2018 03:30:14 GMT

SolidX, Van Eck plan to launch bitcoin-linked ETF

Blockchain firm SolidX Partners and manager of assets Van Eck Securities announced plans to launch an investment product linked to bitcoin that would be traded as a stock.

Thu, 07 Jun 2018 02:37:52 GMT

China accepts domestic fundraising for firms listed overseas

China adopted new regulations governing the securities issuance that is likely to allow the domestic flotation of innovators listed overseas, the country's Securities Regulatory Commission stated.

Thu, 07 Jun 2018 02:34:47 GMT

Australian trade surplus falls more than anticipated in April

The Australian Bureau of Statistics stated that the country's trade surplus shrunk to A$977M in April from the surplus of A$1527M, missing forecasts for a surplus of A$1000M.

Wed, 06 Jun 2018 19:42:11 GMT

Deutsche Bank will cut one billion euros in costs

The investment banking arm of Deutsche Bank is set to cut costs by nearly one billion Euros, the bank's CFO announced on Wednesday.

Wed, 06 Jun 2018 19:41:58 GMT

VW expects delays in production

Volkswagen representatives announced on Wednesday that, due to new testing rules, the company's car production will experience bottlenecks.

Wed, 06 Jun 2018 18:47:46 GMT

Opponents to new US oil pipeline prepare for last push

Opponents to the updated Enbridge Canada-US oil pipeline have been reportedly preparing for a last effort to convince the Public Utilities Commission of Minnesota to stop the project.

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