World news

  • 31.08.2020
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Saudi Fund in Talks to Invest in Tesla Buyout Deal

1. Kingdom fund said to be in talks on ways to invest in buyout 2. As board prepares to meet advisers, investor lawsuits begin

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  • 31.08.2020
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Volkswagen to invest $577 million in Brazil auto plant

Volkswagen will invest 2.4 billion reais ($577 million) in one of its Brazil factories, Sao Paulo state governor Joao Doria said on Thursday during a visit to the automaker’s headquarters in...

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  • 31.08.2020
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Exclusive: Exxon agrees $4 billion sale of Norway oil and gas assets - sources

Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources fa...

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  • 31.08.2020
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Corona owner invests another $4 billion in cannabis producer Canopy

Corona beer maker Constellation Brands will infuse another $4 billion into Canada’s top cannabis producer Canopy Growth, the biggest investment in the industry, to capitalize on booming dema...

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  • 31.08.2020
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Amazon in Running to Acquire Landmark Movie Chain

1. Move would mark latest incursion into brick-and-mortar world 2. The indie-focused chain operates more than 50 theaters

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  • 31.08.2020
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Brazil's Marfrig to sell U.S. unit to Tyson for $2.5 billion, sources say

Brazilian meatpacker Marfrig Global Foods SA has agreed to sell its U.S. subsidiary, a key McDonald’s supplier, to Tyson Foods Inc for $2.5 billion, two people with knowledge of the matter t...

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  • 31.08.2020
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Dodgers Co-Owner Takes Stake in Beverly Hilton Hotel

1. Complex is said to be valued at $1.2 billion with transaction 2. Beverly Hilton is known for Golden Globes, Milken conference

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  • 31.08.2020
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PepsiCo to buy Israel's SodaStream in $3.2 billion deal

PepsiCo is buying household drink-machine maker SodaStream in a $3.2 billion deal, it said on Monday, seeking an edge in health-conscious beverages as it battles chief rival Coca-Cola.

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  • 31.08.2020
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Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources

Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for Chinese education firm VIPKid, two people with knowledge of the matter said, as Beijing tightens...

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  • 31.08.2020
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Alibaba's Tsai to Buy Brooklyn Nets and Barclays Arena for $3.5 Billion

Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai is paying about $3.5 billion for the Brooklyn Nets and their arena, the Barclays Center, according to a person familiar with the d...

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  • 31.08.2020
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Exclusive: Standard Chartered sells principal finance business to Actis and ICG

Standard Chartered is in talks to sell its private equity business to Intermediate Capital Group, a source with direct knowledge of the deal said on Monday, as part of a broader disposal of...

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  • 31.08.2020
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Nissan to invest $900 million on new assembly plant in China: Nikkei

Japan’s Nissan Motor Co will spend around $900 million to build a new auto assembly plant in China that will increase production capacity in the company by 30 percent, the Nikkei newspaper r...

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  • 31.08.2020
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Goldman Sachs secures $1.5 billion sale, leaseback of London HQ

Goldman Sachs said on Wednesday it had sold its new, unfinished European headquarters in London to South Korea’s National Pension Service for 1.17 billion pounds ($1.49 billion) before movin...

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Oil and gas company Santos buys competitor Quadrant Energy for $ 2.15 billion

Macquarie Group and Brookfield Asset Management sold their assets to an Australian company

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  • 31.08.2020
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Volkswagen to invest $4 billion to build digital businesses, software

Volkswagen will invest 3.5 billion euros ($4 billion) by 2025 to build digital businesses and products including a cloud computing-based platform to connect vehicles and customers to offer s...

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  • 31.08.2020
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Enbridge to buy Spectra Energy for $3.3 billion

Enbridge Inc, Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.

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  • 31.08.2020
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Alibaba to buy minority stake in Focus Media to tap digital marketing

Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd to tap into the digital ma...

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SoftBank Fund Is Said to Seek Investment in Chinese AI Giant

A deal would be SenseTime’s third major funding in past year SenseTime uses artificial intelligence for facial recognition

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  • 31.08.2020
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BRICS Bank to Boost South African Loans by as Much as $600 Million

NDB to balance loans equally among emerging BRICS economies South Africa’s leadership changes have spurred confidence

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  • 31.08.2020
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Farfetch Buys China Agency to Bring Luxury Brands to WeChat

London-based online fashion retailer acquires CuriosityChina Luxury goods makers adapt to digitally savvy Chinese clients

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