News

Note: This section contains information in English only.
Mon, 30 Apr 2018 04:33:31 GMT

WSJ reports US Marathon Petroleum to acquire Andeavor

According to the Wall Street Journal, Marathon Petroleum, the US refiner, is set to clinch an acquisition deal with Andeavor worth over $20B.

Mon, 30 Apr 2018 04:29:58 GMT

China's Baidu plans selling majority of its financial services unit

China's Baidu is planning to sell a majority stake in the company's financial services business to the TPG Capital Management-led consortium in a deal valued at about $1.9B.

Mon, 30 Apr 2018 02:51:00 GMT

Profit of Saudi Basic Industries grows 5.4% in Q1

Saudi Basic Industries, the largest petrochemicals producer in the Mideast, reported a 5.4% higher profit in the Q1 amid growing sale volumes and prices, in spite of $290M restructuring charge.

Mon, 30 Apr 2018 02:50:47 GMT

Prologis to buy DTC Industrial Trust for $8.4B

Logistics major Prologis is expected to acquire the company's smaller US rival DTC Industrial Trust in an $8.4B all-stock transaction, including the debt assumption, the companies stated.

Mon, 30 Apr 2018 02:25:58 GMT

Chinese factory PMI falls to 51.4 in April

China's factory PMI eased from 51.5 to 51.4 in April, adding to concerns on an anticipated loss of economic growth momentum amid debt risks and trade dispute with the US.

Mon, 30 Apr 2018 02:25:25 GMT

China's services PMI at 54.8 in April

The Chinese services PMI rose from 54.6 to 54.8 in March, as the sector expanded a strong run of solid activity, an official survey revealed.

Sun, 29 Apr 2018 20:08:14 GMT

T-Mobile, Sprint Corp optimistic about acquisition deal

The wireless carriers T-Mobile US Inc and Sprint Corp were optimistic about their ability to receive a permission for their deal from US regulators, both companies said on Sunday.

Sun, 29 Apr 2018 20:00:11 GMT

Walmart to purchase majority stake in India's Flipkart

The US-based retailer Walmart is planning to acquire majority stake in the Indian online company Flipkart in order to increase its market share.

Sun, 29 Apr 2018 18:03:23 GMT

Armenia not to prevent 'people's candidate' becoming PM

The ruling Republican party in Armenia stated on Sunday it would not prevent opposition leader Nikol Pashinyanhim from becoming the temporary Prime Minister if Parliament supported his candidacy.

Sun, 29 Apr 2018 17:59:49 GMT

Britain's Rudd faces criticism over deportation targets

The UK Interior Minister Amber Rudd faced wide criticism and multiple calls to resign amid her conflictive statements about whether the ministry has deportation targets.

Sun, 29 Apr 2018 17:10:03 GMT

Deutsche Telekom plan to return to comfort zone in three years

In result of acquisition of Sprint Corp by Deutsche Telekom's American unit T-Mobile, company's adjusted net debt will outdo its projected limit 2-2.5 times but will back to normal by 2021.

Sun, 29 Apr 2018 17:04:56 GMT

T-Mobile decides to acquire Sprint for $26B

The US T-Mobile announced on Sunday it will acquire Sprint Corp for proposed $26B, thus combining the market power of third and fourth biggest American wireless carriers.

Sun, 29 Apr 2018 16:07:56 GMT

Pompeo backs US-North Korean summit

In an interview to ABC News, the US Secretary of State Mike Pompeo said that there would be no deal if North Korea refused to agree to make "irreversible" steps towards denuclearization.

Sun, 29 Apr 2018 16:03:59 GMT

Pompeo expresses concern over Iran

After meeting with the Israeli Prime Minister Benjamin Netanyahu the US Secretary of State Mike Pompeo expressed concern about Iran plans to dominate the region.

Sun, 29 Apr 2018 15:05:44 GMT

QIA supports Asda takeover

According to source familiar with the matter, the largest shareholder in Sainsbury, Qatar Investment Authority (QIA), threatens positively merger negotiations with Walmart's Asda.

Sun, 29 Apr 2018 15:05:38 GMT

CFDT calls Air France workers to accept company's offer

French CFDT union called on Sunday protesting Air France workers to accept management salary offer and stop jeopardizing the company's reputation and wellbeing.

Sun, 29 Apr 2018 14:00:58 GMT

Venice to restrict tourist flow

Authorities of the city of Venice presented on Saturday a number of turnstiles whose goal is to limit tourist flow in certain areas of the city, such as Piazzale Roma and Strada Nuova, on weekends.

Sun, 29 Apr 2018 14:00:52 GMT

US wants to impose new sanctions against Iran

The US Secretary of State Mike Pompeo made on Saturday his first official visit to Saudi Arabia and during the meeting with his Saudi colleague Adel Al-Jubeir called Gulf nations to impose new sanctions against Iran.

Sun, 29 Apr 2018 13:02:24 GMT

Duterte praises Kim Jong Un

The President of Philippines Rodridgo Duterte welcomed on Sunday North Korea's leader Kim Jong Un decision to work jointly with South Korea to denuclearize the Korean Peninsula and called him the "hero of everybody".

Sun, 29 Apr 2018 13:02:18 GMT

US Pompeo calls Gulf countries to unite against Iran

During the talks with Saudi officials in Riyadh the US Secretary of State Mike Pompeo stressed the need of Gulf countries' unity against Iranian expansion in the region.

Sun, 29 Apr 2018 12:08:05 GMT

French Tycoon fights Africa graft allegations

Vincent Bollore, the French billionaire, on Sunday battled allegations that his holding group corrupted foreign politicians in West Africa.

Sun, 29 Apr 2018 12:07:52 GMT

Whole Foods and Yellow Fever partnership creates outrage

Media outlets on Sunday announced that Whole Foods partnership with Asian restaurant Yellow Fever has caused racial outrage.

Sun, 29 Apr 2018 10:59:03 GMT

Theresa May is pressured to change immigrant status

The Prime Minister of the United Kingdom Theresa May is being pressured to create legislature that would un-label Caribbean long term residents as immigrants.

Sun, 29 Apr 2018 10:56:32 GMT

Swiss banks back new treaty with EU

Most of Swiss banks have expressed support to the government's plan to create an updated treaty with the European Union.

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