News

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Mon, 14 May 2018 09:25:03 GMT

Japan's marketplace app Mercari raises up to $1.1B in IPO

On Monday, Mercari, the flea marketplace app, has received an approval for the IPO on the Tokyo Stock Exchange's Mother market on June 19, planning to raise up to $1.1B.

Mon, 14 May 2018 08:11:34 GMT

Euro surges on Monday

On Monday, the common European currency surged against the US Dollar, as it marked the third consecutive session of gains.

Mon, 14 May 2018 08:09:51 GMT

ZTE employees cheer Trump

The various employees of ZTE corporation cheered on Monday Donald Trump's tweet that suggested a solution to the bank on sales set on ZTE.

Mon, 14 May 2018 07:35:30 GMT

France's AccorHotels signs takeover deal with Chile's Atton

France's group AccorHotels are set to acquire Atton Hotels, the Chile management company, in a deal valued at $105M that should boost AccorHotels' earnings and position in Latin America.

Mon, 14 May 2018 07:31:08 GMT

China revives NXP-Qualcomm deal review

China has renewed its review of the US chipmaker Qualcomm's proposed acquisition of NXP Semiconductors worth $44B, Bloomberg stated on Monday, citing sources.

Mon, 14 May 2018 06:03:40 GMT

India's senior bank official may face charges in PNB probe

India's top bank officials are likely to face charges on Monday amid a probe into the $2B fraud at the state-run Punjab National Bank, a source familiar with the issue reported.

Mon, 14 May 2018 06:00:49 GMT

Russia's Novak to discuss US exit from Iran accord with Saudi Falih

On Monday, Alexander Novak, the Russian Acting Energy Minister, stated he planned to hold a discussion over the US withdrawal from Iran's nuclear accord with Khalid al-Falih, the Saudi Energy Minister.

Mon, 14 May 2018 05:32:49 GMT

GM South Korea cancels news conference amid workers protest

On Monday, General Motors' South Korean unit cancelled a news briefing, as a dozen of temporary workers have stormed the event venue, calling on the carmaker to hire them for a full-time.

Mon, 14 May 2018 05:22:35 GMT

Alphabet's Waymo hires Tesla's executive Schwall

The former Tesla executive Matthew Schwall has joined Alphabet's autonomous unit Waymo to work in its safety team that is led by the ex-NHTSA head Ron Medford, the firm told the Wall Street Journal on Sunday.

Mon, 14 May 2018 04:36:43 GMT

VMMEA attracts $30M in pre-listing financing

Virgin Mobile Middle East and Africa, part-owned by the British entrepreneur Richard Branson's Vigrin Group, raised $30B through the Islamic bonds right ahead of the proposed IPO.

Mon, 14 May 2018 02:59:48 GMT

Japan Airlines to create low-cost carrier

Japan Airlines stated on Monday that the company would create a low-cost carrier, which is likely to offer medium to long-distance flights.

Mon, 14 May 2018 02:59:03 GMT

UK may lose influence on EU defence and security policy

Britain could lose the country's influence on the European Unions defence and security policy, as it leaves the bloc, the preliminary report showed.

Mon, 14 May 2018 02:40:49 GMT

Xerox ends Fujifilm deal, settles with Deason, Icahn

Xerox Corp stated that the company wa ending a planned $6.1B deal with Fujifilm, while reaching a settlement with Darwin Deason and Carl Icahn.

Mon, 14 May 2018 02:37:36 GMT

HSBC performs first trade transaction via blockchain

HSBC Holdings stated that it performed the first ever trade finance transaction with the use of blockchain technology, the main step in reducing errors and boosting efficiency in the international trade funding.

Sun, 13 May 2018 19:53:15 GMT

Cadence Bancorp to buy State Bank Financial for $1.4B

Cadence Bancorp has agreed to purchase and merge with State Bank Financial Corporation in an all-stock deal worth around $1.4B.

Sun, 13 May 2018 19:52:49 GMT

ConocoPhillips seizes oil products of Venezuela's PDVSA

Curacao's Minister of Economic Development said the US-based ConocoPhillips had confiscated products of the Venezuelan state-owned oil company PDVSA's refinery on the island.

Sun, 13 May 2018 18:55:11 GMT

May: EU, UK remain committed to Iran nuclear deal

The British Prime Minister Theresa May said on Sunday that the UK and the EU remained committed to the Iran nuclear deal, thus requesting further fulfilment of its obligations.

Sun, 13 May 2018 18:54:45 GMT

HSBC sees 20.5% growth in March remittances MoM

The UK-based HSBC expect to see a 20.5% increase month-on-month in March remittances, thus following two consecutive months of contraction.

Sun, 13 May 2018 18:01:37 GMT

Mass says difficulties may arise to protect European companies in Iran

The German Foreign Minister Heiko Maas explained on Sunday that it would not be an easy task to protect European companies that do business with Iran from US sanctions.

Sun, 13 May 2018 17:59:19 GMT

ADNOC plans $45B investment to increase market share

The Abu Dhabi National Oil Company is set to invest $45B during the next five years with the aim to strengthen its presence in the market.

Sun, 13 May 2018 17:03:52 GMT

Canada's PM sees soon agreement on NAFTA

The Canadian Prime Minister Justin Trudeau told media on Sunday that he remained optimistic about a soon agreement on the new NAFTA deal.

Sun, 13 May 2018 17:02:55 GMT

Al Mazaya's net profit plunges 29% in Q1Y2018

The Kuwait-based property developer Al Mazaya Holding reported on Sunday a 29% plunge in its net profit to $4.47M during the first quarter of 2018.

Sun, 13 May 2018 16:16:47 GMT

Trump, Jinping work together to restart ZTE

The US President Donald Trump and his Chinese counterpart Xi Jinping are collaborating in order to help the technology company ZTE to restart its operations.

Sun, 13 May 2018 16:10:16 GMT

Nigeria's Abubakar to privatise state-owned oil company if elected

The Nigerian former Vice President Atiku Abubakar plans to privatise a part of the state-owned oil company Nigerian National Petroleum Corporation if elected the President.

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