News

Note: This section contains information in English only.
Mon, 23 Apr 2018 09:33:15 GMT

Subsea 7 seeks acquiring peer McDermott for $2B

The offshore oil services company Subsea 7 offered to acquire the US peer McDermott for around $2B, it stated on Monday.

Mon, 23 Apr 2018 08:51:14 GMT

Fresenius rejects Akorn takeover amid data integrity

Germany's health group Fresenius made a decision to pull out the planned takeover of Akorn, following data integrity breaches findings at the US generic drug maker.

Mon, 23 Apr 2018 08:36:32 GMT

Germany urges for new trade deal between EU and US

The German engineering trade body called on Monday to renew attempts of establishing free trade agreement between the European Union and the United States amid aluminium and steel tariffs.

Mon, 23 Apr 2018 08:34:11 GMT

Air France KLM's shares drop amid wage strikes

On Monday, shares of Air France KLM tumbled 1.4% in early trading due to flights disruption caused by airlines' workers protesting over pay.

Mon, 23 Apr 2018 07:37:22 GMT

Philips posts better-than-expected Q1 results

The first-quarter results of the Dutch health technology firm Philips topped estimates on Monday, as the core profit surged 15% to $422.1M, driven by a high demand for the high-end hospital equipment in the US and China.

Mon, 23 Apr 2018 07:33:29 GMT

Toshiba still seeks to complete memory chip unit sale

On Monday, Toshiba stated it was still seeking to complete its memory chip business sale, despite media reported the company would cancel its $18.6B deal, if China did not grant the approval by May.

Mon, 23 Apr 2018 05:54:39 GMT

GE considers merging its transport unit with Wabtec

General Electric considers merging its train engines manufacturer with Wabtec, the US equipment producer for the rail industry, a source familiar with the issue reported.

Mon, 23 Apr 2018 05:54:23 GMT

Apple to replace some MacBook batteries amid flaws

Apple announced it was ready to offer free battery replacements for a limited edition of MacBook Pros worldwide amid component failure that caused the built-in battery to expand.

Mon, 23 Apr 2018 05:01:41 GMT

CenterPoint Energy closer to buy peer Vectren

CenterPoint Energy, the US regional electric and gas utility, is getting closer to acquire Vectren Corp peer amid company's intention to expand beyond the six US states.

Mon, 23 Apr 2018 04:51:39 GMT

Uber CEO meets transport head over London licence

According to information revealed lately, the Uber CEO Dara Khosrowshahi and the London Transport Commissioner Mike Brown held the second meeting in January over the ride-hailing firm's right to operate in the City.

Mon, 23 Apr 2018 04:34:32 GMT

KPMG, UK Finance urge British finance firms to tie-up on cyber fight

An industry body UK Finance and KPMG's report said on Monday that British financial companies must work together with the law enforcement and government to fight cyber crimes.

Mon, 23 Apr 2018 04:29:47 GMT

SmugMug agrees to buy Flickr for undisclosed amount

On Friday, the photo storage service SumgMug announced it would acquire the image-hosting platform Flickr for an amount that was not disclosed, leaving the image website a right to continue operating as the separate entity.

Mon, 23 Apr 2018 03:22:59 GMT

G7 FM to maintain tough line over Russia

The G7 industrialised nations' Foreign Ministers are anticipated to keep a tough line over Russia on the country's involvement in Syrian and Ukrainian conflicts, but would be open for cooperation.

Mon, 23 Apr 2018 03:22:21 GMT

Japan's export orders fall in April

Japanese export orders dropped for the first time in the 18-month period, as the Yen's gradual appreciation started to erode the country's export competitiveness.

Mon, 23 Apr 2018 02:32:28 GMT

Japanese manufacturing picks up this month

Japan's manufacturing activity grew at the fastest pace in April that the prior month, as domestic demand and output picked up, indicating the economy's recovery.

Mon, 23 Apr 2018 02:31:42 GMT

China opposes all protectionism forms

China's Commerce Minister stated that the country is set to oppose all protectionism forms and would safeguard strongly the multilateral trading system.

Sun, 22 Apr 2018 20:04:30 GMT

Rally in Pakistan attracts 8k people

Around 8 000 people joined a rally in the Pakistani city of Lahore on Sunday to protest against the military presence in the ethnic Pashtun Federally Administered Tribal Areas.

Sun, 22 Apr 2018 19:57:15 GMT

Sonatrach's CEO sees global oil price at fair value

Abdelmoumen Ould Kaddour, the CEO of Algeria's state-owned energy company Sonatrach, told media on Sunday that the price of global crude oil at $75 per barrel was fair.

Sun, 22 Apr 2018 19:03:44 GMT

HNA cuts stake in Deutsche Bank

The Chinese company HNA has decreased its stake in Deutsche Bank from 8.8% to 7.9%, as shown by a US regulatory filing.

Sun, 22 Apr 2018 18:59:09 GMT

Agarwal: groceries, household products to lead Amazon India in five years

According to the Head of Amazon India Amit Agarwal, household products and groceries could account for more than a half of the business in the region within the next five years.

Sun, 22 Apr 2018 18:11:34 GMT

Mexican President upbeat about successful NAFTA deal

The Mexican President Enrique Pena Nieto explained on Sunday that he was optimistic about the ability to conclude the process of renegotiating and modernising the NAFTA deal.

Sun, 22 Apr 2018 18:00:22 GMT

Report: Germany to increase spending on armaments this year

According to a report by the newspaper Handelsblatt, the German Defence Ministry plans to increase military spending on armaments in 2018 to reduce deficiencies in equipment.

Sun, 22 Apr 2018 16:53:29 GMT

Labour Party likely to broaden BOE's mandate if in power

The UK's Labour Party plans to broaden the mandate of the Bank of England if in power to include such factors as employment, John McDonnell said this Sunday.

Sun, 22 Apr 2018 16:53:16 GMT

Bloomberg vows to write $4.5M check for Paris Climate Agreement

The former Mayor of New York Michael Bloomberg has vowed to write a check for $4.5M as the US contribution to the Paris Climate Agreement.

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