News

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Tue, 22 May 2018 09:34:29 GMT

Yageo's unit to buy US Pulse Electronics for $740M cash

On Tuesday, the Taiwanese firm Yageo stated its subsidiary is set to acquire the US electronic component manufacturing and design company Pulse Electronics in a $740M cash deal.

Tue, 22 May 2018 08:33:25 GMT

ATON lifts stake in South Africa's Murray & Roberts to 40%

On Tuesday, Germany's investment house ATON stated it had raised its stake in Murray & Roberts, the South African builder, to nearly 40%.

Tue, 22 May 2018 08:27:58 GMT

Emirates NBD signs takeover deal with Turkey's Denizbank

Emirates NBD has clinched a deal worth $3.19B to acquire Turkey's lender Denizbank from Russia's Sberbank, which would be its largest ever acquisition.

Tue, 22 May 2018 06:54:08 GMT

Sony is set to become largest music publisher

As the Sony and EMI deal announced this morning goes through, Sony was set to become the world's largest music publisher.

Tue, 22 May 2018 06:53:26 GMT

Oil prices continue to surge on Tuesday

The prices for crude oil increased on Tuesday morning, as the price per barrel for Brent oil was nearing the $80 mark.

Tue, 22 May 2018 06:35:35 GMT

Sony set to acquire EMI Music in $2.3B deal

Sony is set to acquire control of EMI Music Publishing in a deal valued at $2.3B, as the tech firm seeks to bolster entertainment content assets, shifting away from the low-margin consumer electronics.

Tue, 22 May 2018 06:29:50 GMT

Amazon hires ex-NBC exec Sanders to help run TV productions

On Monday, Amazon.com stated it had hired the former NBC executive Vernon Sanders to help the company run its TV productions, appointing him as the co-head of television.

Tue, 22 May 2018 04:50:42 GMT

Bank of Japan lays out rules for stopping monetary easing

The Governor of Bank of Japan on Tuesday announced that the bank will announce the end of ultra-easy policy when rules for reaching the bank's price goal are made more robust.

Tue, 22 May 2018 04:50:32 GMT

Trump overturns auto lending rule

The President of the US recently signed a congressional resolution, which overhauls a Consumer Financial Protection Bureau's rule that was aimed at baring discrimination in auto lending.

Tue, 22 May 2018 04:24:54 GMT

NYSE appoints new president

The New York Stock Exchange has appointed Stacey Cunningham as the president of the Chief Operating Officer.

Tue, 22 May 2018 04:23:56 GMT

US and China are near ZTE deal

Representatives of the US and China are near to closing a deal, which would lift the sales ban set on Chinese telecommunications giant ZTE Corp.

Tue, 22 May 2018 03:02:42 GMT

BoJ Kuroda to consider side effects of stimulus program

The Governor of the Bank of Japan Haruhiko Kuroda stated that the Bank is set to take into consideration the side effects of easy monetary policy.

Tue, 22 May 2018 03:01:55 GMT

Adobe to purchase Magento Commerce for $1.68B

Adobe Systems stated that it is likely to purchase Magento Commerce, the provider of e-commerce services, form private equity company Permira for $1.68B in cash.

Tue, 22 May 2018 02:33:11 GMT

Kabbage to launch services of payment processing by 2018 end

The US online lender for small businesses Kabbage announced plans to launch payment services by the end of this year, in a bid to diversify and compete directly with Square and PayPal.

Tue, 22 May 2018 02:32:59 GMT

Micron to repurchase up to $10B of shares

Micron Technology stated that it is set to buy back up to $10B of the company's shares or nearly 16% of its market value, making the biggest ever buyback of memory chip maker.

Mon, 21 May 2018 19:54:03 GMT

Fed's Harker sees two or three more rate hikes this year

The President of the Federal Reserve Bank of Philadelphia Patrick Harker said raising inflation in the US should result in two or three more hikes by the Fed this year.

Mon, 21 May 2018 19:53:07 GMT

Media: French government to absorb €35B of SNCF's debt

The French government is set to absorb around €35B in debt of the state railway operator SNCF amid reforms in the company, the newspaper Les Echos reported on Monday.

Mon, 21 May 2018 19:07:28 GMT

Oil strengthens on Monday amid concerns on tighter supply

Oil prices reached new multi-year highs on Monday in response to raising concerns about tighter oil supply from Venezuela and Iran.

Mon, 21 May 2018 18:21:25 GMT

HMD Global raises $100M to boost growth

On Monday, CEO of HMD Global Florian Seiche stated that a company which owns exclusive rights to use Nokia brand on cell phones has attracted $100M of investments to boost its growth in the nearest few years.

Mon, 21 May 2018 18:07:21 GMT

Michelle and Barack Obama to produce films and series for Netflix

Netflix stated that the former President of the US Barack Obama and the former First Lady of the US Michelle Obama have signed an agreement with the streaming company to produce films, series and documentaries.

Mon, 21 May 2018 17:14:46 GMT

China plans to scrap birth limits by 2019

China is planning to end the limit imposed on the number of children in each family after decades of one-child policy due to the rapidly aging population and falling birth rates. 

Mon, 21 May 2018 17:08:32 GMT

Amazon Web Services plans to expand in Latin America

On Monday, Amazon executive claimed that a company is planning to expand its cloud operations service in Latin America after opening Amazon Web Services unit in Buenos Aires.

Mon, 21 May 2018 15:51:33 GMT

GE transportation unit to be merged with Wabtec in $11.1B deal

General Electric confirmed that the company was unloading the largest share of the transportation business, which makes engines for trains, to Wabtec Corp in a $11.1B worth deal.

Mon, 21 May 2018 15:50:59 GMT

Aston Martin prepares for more growth before possible flotation

Luxury Britain's car producer Aston Martin was still in the black in the March quarter of this year, though the company's pretax profit dropped amid weaker investments and US dollar.

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