Company News

BASF to Sell Construction Chemicals Arm to Global Equity Fund Lone Star

By Adrian Todaro December 23, 2019

Multinational chemical firm BASF will sell its subsidiary BASF Construction Chemicals to an affiliate of global private equity fund Lone Star for euro 3.17 billion on a cash and debt-free basis. The deal will be completed by Q3 of 2020, subject to approval from relevant authorities. Member of Board of Executive Directors BASF SE Saori […]Continue Reading

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Huawei Looks For More Investments and Product Purchases in South Korea Due to US Sanctions

By Teresa Taylor December 20, 2019

The sanctions in the United States have made Chinese telecom giant Huawei look at South Korea for its rising demand for telecom and smartphone equipment. The company has also vowed to raise its investments in South Korea, according to the head of global media and communications at the company Karl Song Kai. Huawei is the […]Continue Reading

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Pentagon to Create System in Space for Tracking Hypersonic Missiles

By Sarah Lavallee December 18, 2019

The U.S. Missile Defense Agency, Pentagon, has taken note of the advances made by Russia and China in hypersonic missiles technology. Accordingly, it is developing a space sensor system to intercept hypersonic missiles in the air. The US aims to develop space sensor technology for tracking incoming hypersonic missiles. This technology is called Hypersonic Ballistic […]Continue Reading

Trading News

Mexican Senate Passes USMCA Trade Deal With Overwhelming Majority

By Norma Stanley December 13, 2019

The Senate in Mexico has passed the US-Mexico-Canada Agreement (USMCA) trade deal by an overwhelming majority of 107-1. Mexican President Andres Manuel Lopez Obrador said, In Mexico, we did our part. The executive (branch) signed and the Senate ratified the USMCA. Now it is up to the Congress of the United States and Canada to […]Continue Reading

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Amazon Denies ShipMatrix Claims About Fall in On-time Delivery Rates

By Katherine Miller December 12, 2019

Amazon has termed the claims made by consulting firm ShipMatrix “inaccurate.” ShipMatrix claims that Amazon’s on-time delivery rates had fallen to 93.7% in the week ending December 7 compared to 98.2% during the previous week, which also included Thanksgiving. Amazon spokeswoman Rena Lunak admitted that some deliveries were delayed due to bad weather but asserted […]Continue Reading

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SingSaver Obtains MAS Brokerage License to Provide Insurance Comparisons

By Evan Vaughn December 12, 2019

Leading comparison platform SingSaver has announced that it has secured a brokerage license from Monetary Authority of Singapore (MAS) here on Thursday. Now, after this move it will be able to offer more than 100 insurance policies from 12 providers at its platform. SingSaver will now provide instant digital comparisons of insurance products in various […]Continue Reading

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Optile Acquired by New York’s Payoneer to Boost Payment Technology

By Brian Stanley December 11, 2019

Payoneer, one of the leading cross-border payment services providers headquartered in New York, has acquired Optile, an open platform of payment orchestration based in Germany’s Munich. The move was announced yesterday on December 10, 2019, through a press release. However, the terms of the acquisition have not been revealed. Payoneer also took to the micro-blogging […]Continue Reading

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Cat Rock Capital Releases Just Eat and Takeaway.com Merger Presentation

By Teresa Taylor December 10, 2019

Cat Rock Capital Management LP, which is based on Greenwich, Connecticut, released a presentation on the merger between Just Eat and Takeaway.com. It should be noted that Cat Rock owns 17.7 million shares in Just Eat, which represents 3% of the company’s outstanding shares. The presentation was about the offer made by Takeaway.com for Just […]Continue Reading

Trading News

China Plans Energy Exchange for Oil and Gas Trade Expansion

By Norma Stanley December 10, 2019

As everyone knows, China is the largest importer of oil in the world, and the country is naturally looking at ways to have access to a larger market. To that end, China has decided to establish a new oil and gas trade exchange known as the Greater Bay Area International Energy Transaction Center. The exchange […]Continue Reading

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SpaceChain Has Launched Its Third Cryptocurrency Wallet Node Into Space

By Katherine Miller December 9, 2019

The world’s leading open-source blockchain satellite network, SpaceChain, has released its third cryptocurrency wallet node into space. SpaceChain aims to build a blockchain-based network in space. It is a significant and ambitious project compared to other projects. SpaceChain wants to develop a cryptocurrency wallet in space with the aim of no physical attack or control Continue Reading