News

Note: This section contains information in English only.
Fri, 10 May 2019 14:39:27 GMT

Danish firm Abacus resume plans on IPO

Abacus Medicine, the Danish drug merchant, which purchases medicines in the EU's cheaper parts to re-sell them in Germany and other more expensive markets, announced on Friday it would revive plans for an IPO in Germany.

Fri, 10 May 2019 14:35:32 GMT

Thai Siam Cement buys Indonesia's Fajar

Siam Cement Group, Thai biggest industrial conglomerate, has taken a 55 percent stake in PT Fajar Surya, the Indonesian paper packaging firm, in a deal valued at $665M, the company stated on Friday.

Fri, 10 May 2019 12:51:23 GMT

SBI receives two offers for Jet Airways

On Friday, State Bank of India stated it had received two unsolicited offers for the debt-laden Jet Airways, nearly 30 days after the struggling airline grounded all its operations amid funding troubles.

Fri, 10 May 2019 12:51:14 GMT

Thyssenkrupp ready for tie-ups in plant, car parts units

Thyssenkrupp is open to partnerships in its plant engineering and car parts divisions, seeking for the best development option, the company's CEO stated, adopting an approach taken by Siemens.

Fri, 10 May 2019 12:37:59 GMT

Ferrovie CEO refuses to comment on Alitalia rescue deal

Gianfranco Battisti, the Ferrovie dello Stato CEO has declined to comment on Friday on the infrastructure group Atlantia's possible involvement in Alitalia rescue deal, citing the ongoing talks are highly confidential.

Fri, 10 May 2019 11:00:26 GMT

Trump's tariffs go ahead

On Friday, it was announced by the US officials that, despite the US-China trade talks taking place in Washington, new tariffs are expected to be set on Chinese goods.

Fri, 10 May 2019 10:59:54 GMT

UK and EU are expected to make a deal

On Friday, it was announced by Reuters that in accordance with an expert poll the EU and UK will agree upon a free trade deal.

Fri, 10 May 2019 09:47:09 GMT

Stocks are set for worst week this year

By the middle of Friday's global trading, global stock indices slightly recovered. Despite that global stocks were expected to book its worst performing week since December 2018.

Fri, 10 May 2019 09:46:33 GMT

Chinese bad loans reach record level

On Friday, Chinese officials announced that non-performing loans at Chinese commercial banks has reached to $317.66 billion. This is a sixteen year high level.

Fri, 10 May 2019 09:35:02 GMT

Norway's Okea seeks to attract $100M in IPO

Okea ASA, the Norwegian oil company, is set to apply for the Oslo Stock Exchange initial public offering, seeing its shares to begin trading by the end of June, the firm stated on Friday.

Fri, 10 May 2019 09:28:27 GMT

SoftBank shares drop on Uber IPO price

Shares in Japan's SoftBank Group plunged as much as 5.5% on Friday, after its tech bet Uber Technologies had priced its IPO at the targeted range's low end.

Fri, 10 May 2019 08:37:20 GMT

Brewin Dolphin to acquire Investec's wealth unit

Britain's Brewin Dolphin agreed to acquire the Irish wealth business owned by Investec in a cash-deal valued at $49M that is likely to make the firm one of the top-three wealth managers in the country.

Fri, 10 May 2019 08:33:09 GMT

Thyssenkrupp to explore elevators business' partial listing

Thyssenkrupp is exploring a listing or carve-out of the elevators business, as the German company abandoned plans on splitting itself up with the cross-shareholding structure.

Fri, 10 May 2019 07:36:20 GMT

Subaru sees recovering sales to bolster profit

Japan's Subaru stated on Friday it expected vehicle sales to recover this year, seeking to boost its 2019 profit, and bouncing back from the previous year when the carmaker's earnings halved amid production delays.

Fri, 10 May 2019 07:32:03 GMT

Danske Bank names ex-ABN Amro banker as CEO

On Friday, Danske Bank announced it had appointed the former ABN Amro executive Chris Vogelzang as the lender's new CEO to replace the interim CEO Jesper Nielsen appointed last October, following Thomas Borgen's resignation.

Fri, 10 May 2019 06:35:25 GMT

Kinder Morgan Canada to preserve independence

Kinder Morgan Canada stated it would preserve its independence after the pipeline company's strategic view that explored possible options, including sale of the firm.

Fri, 10 May 2019 06:28:34 GMT

AB InBev's Asia unit files for HK IPO

On Friday, Anheuser-Busch InBev's Asian business filed for an initial public offering in Hong Kong, potentially valued at no less than $5.0B, according to sources familiar with the situation.

Fri, 10 May 2019 04:56:16 GMT

Infratil considers to acquire Vodafone's NZ unit

On Friday, the utilities investor Infratil stated it had entered talks to acquire Vodafone Group's New Zealand operations along with an unnamed party, as Vodafone was seeking to consolidate its Australian and NZ businesses.

Fri, 10 May 2019 04:50:10 GMT

Rappi to add more cities to operate in Brazil

Latin America's Rappi is planning to triple the cities number in Brazil where its delivery service operates, after clinching a deal with Japan's SoftBank worth $1.0B.

Fri, 10 May 2019 04:38:00 GMT

Natixis buys stake in Australia's resources M&A adviser

France's broker Natixis took a stake in the Australian resources M&A adviser, Azure Capital, seeking to expand its footprint into the global deal-making services, the group announced on Friday.

Fri, 10 May 2019 04:33:39 GMT

TiVo Corp to split into two businesses

On Thursday, TiVo Corp announced its board had approved a decision to separate its product units from the intellectual property licensing division, amid the set-top box developer's intention to lure more buyers.

Thu, 09 May 2019 20:01:26 GMT

Mitsubishi not in talks on integration with Renault, Nissan

Mitsubishi Motors Chief Executive Officer, Osamu Masuko, stated on Thursday that the carmaker had not entered talks with Renault and Nissan Motor over potential management integration, adding he was not aware of such discussions between the companies.

Thu, 09 May 2019 19:57:05 GMT

Copa Airlines confident about Boeing's 737 MAX jets

On Thursday, Panama's Copa Airlines stated it was fully confident about its Boeing's 737 MAX aircraft, which had been grounded across the world since March due to two fatal crashes, adding the carrier expected the planes to resume operations starting from August.

Thu, 09 May 2019 19:35:26 GMT

LafargeHolcim's Philippines operations to be sold for $2.15B

The world's biggest cement maker LafargeHolcim is planning a sale of its Philippines business to San Miguel Corporation, the infrastructure group, in a deal valued at $2.15B, as the group keeps selling off its divisions in fringe markets.

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