September 2, 2014 6:51 am
NK Rosneft OAO, Russias state-owned and largest crude oil producer, is offering a stake in one of the companys biggest oil projects to China. The move comes as relations with the West sour over the crisis in Ukraine, and Moscow looks to new friends. Russian President Vladimir Putin revealed the proposed acquisition on Monday, as […]
Read moreSeptember 1, 2014 3:04 pm
A person with knowledge of the process reported that the Chinese e-commerce giant Alibaba Group Holding Ltd plans to launch its Initial Public Offering in the U.S. early in the week of September 8th, after concluding talks with US authorities, with tentative pricing on Sept. 18 and trading to start the following day. The Chinese […]
Read moreSeptember 1, 2014 2:26 pm
Microsoft Corp, the worlds largest software maker by revenue, logged the highest price of its stock on its Frankfurt listing today, Wall Street being on Labor Day holiday. Shares rose despite Chinese authorities issuing a deadline for the US-based software giant to reply to a query, souring the tone of an ongoing anti-trust investigation. “(A) […]
Read moreSeptember 1, 2014 1:05 pm
People with knowledge of the situation revealed that France-based Iliad SA is currently negotiating with private-equity firms over a partnership that will allow for an improved bid for Deutsche Telekom AGs T-Mobile U.S. Inc. division. Iliads Chief Financial Officer Mr. Thomas Reynaud said at a news conference on Monday that a few interested companies, which […]
Read moreSeptember 1, 2014 11:40 am
According to a person with knowledge of the matter, Apple Inc. intends to turn its iPhone into a mobile wallet thanks to the collaboration with major payment networks, banks and retailers. The person, who asked not to be named, because the negotiations are still not public, reported that Visa Inc., American Express Co. and MasterCard […]
Read moreSeptember 1, 2014 10:27 am
Novartis AG, the worlds leading drug maker by revenue, saw its stock reach a new all-time high today, after the company announced stunningly successful test results of its new heart failure drug. The announcement at the European Society of Cardiology congress in Barcelona on Saturday revealed the widely anticipated success of the largest heart failure […]
Read moreSeptember 1, 2014 9:28 am
Heineken NV, which is currently the third-biggest brewer in the world, revealed in an official statement today that it reached an agreement to sell its packaging operations in Mexico to Crown Holdings Inc. The price of the deal, which is expected to be finalized by the end of the year and is pending regulatory approval, […]
Read moreSeptember 1, 2014 8:36 am
Spains third-biggest bank by market value – CaixaBank SA reached an agreement with Barclays Plc to acquire its Spanish banking operations. Barclays confirmed in an official statement the sale of its retail banking, wealth and investment management, as well as corporate banking operations located in Spain. The deal, estimated to about €800 million ($1.1 billion) […]
Read moreSeptember 1, 2014 7:35 am
Samsung Heavy Industries Co., the third-biggest shipbuilder in the world, is to merge with Samsung Engineering Co. by the end of the year in a deal estimated at about 2.5 trillion won (~$2.5bn). The move comes as the Samsung conglomerate, or chaebol, is restructuring major businesses in light of new Korean chaebol regulation and a […]
Read moreAugust 30, 2014 6:54 am
Tencent Holdings Ltd, which is currently the biggest listed technology company in Asia, will collaborate with real estate giant Dalian Wanda Group and the biggest Chinese search engine – Baidu Inc to tap Chinas vast e-commerce market. The companies are joining forces in a $814-million e-commerce joint venture to challenge Alibaba Group Holding Ltd, which […]
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