December 19, 2018
Latest News

Knorr-Bremse sets final IPO price at 80 euros per share

Madrid, Oct 11 (efe-epa).- Knorr-Bremse AG said that it has set the final price for its initial public offering at 80 euros ($92.10) a share, valuing the company at up to 12.9 billion euros, according a report from the Dow Jones Newswires made available to EFE Thursday.

The automotive supplier, which plans to start trading in Frankfurt on Oct. 12, said late Wednesday it will place a maximum of around 48.4 million shares – equivalent to a free float of 30 percent – for a total offer volume of 3.9 billion euros.

Munich-based Knorr-Bremse manufactures braking systems for rail and commercial vehicles and reported sales of 6.15 billion euros in 2017.

By Nathan Allen

News history
SoftBank Group's mobile unit listed in Tokyo Stock Exchange

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Japan records a trade deficit of $6.55 billion in November

Tokyo, Dec 19 (efe-epa).- Japan recorded a trade deficit of $6.55 billion in November, the government announced Wednesday.

Nestle to build $154 mn plant in Mexico

Mexico City, Dec 18 (efe-epa).- Mexican President Andres Manuel Lopez Obrador announced Tuesday that global food giant Nestle plans to invest $154 million...

Trump urges US Federal Reserve to forgo rate hike

Washington, Dec 18 (efe-epa).- President Donald Trump sought Tuesday to further ratchet up pressure on the US Federal Reserve, calling on the central bank...

Natural gas crucial to Mexico's quest for clean energy

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New York City (USA), Dec 18 (efe-epa).- Imagine you're a restaurant manager and you check your phone to discover that your dishwasher, line cook and head...

EU tackles Chinese competition with multi-billion microelectronics investment

Brussels, Dec 18 (efe-epa).- The European Union's antitrust watchdog on Tuesday approved plans by France, Germany, Italy, and the UK to fund a multi-billion...

Petition on Okinawa base transfer gets over 100,000 signatures

Tokyo, Dec 18 (efe-epa).- An online petition got over 100,000 signatures Tuesday urging the president of the United States to stop the controversial...

UK government faces High Court review over fracking rules

London, Dec 18 (efe-epa).- The United Kingdom's secretary of state for business, energy and industrial strategy on Tuesday faced a judicial review brought...

Indian states announce farm debt wavier in billions of dollars

New Delhi, Dec 18 (efe-epa).- Agricultural activists on Tuesday welcomed moves by new governments in two central Indian states to waive billion-dollar farm...

Austrian chancellor urges increased investment in Africa

Vienna, Dec 18 (efe-epa).- The Austrian chancellor on Tuesday called for an increase in European investment in Africa to avoid China monopolizing its...

OPEC crude basket drops to $58.24

Vienna, Dec 18 (efe-epa).- The basket of crude oil used as a benchmark indicator by the Organization of Petroleum Exporting Countries fell to $58.24, the...

Hong Kong stock exchange closes with 1.05 percent loss

Beijing, Dec 18 (efe-epa).- The Hong Kong stock exchange Tuesday closed with a 1.05 percent loss, while its benchmark Hang Seng index fell 273.73 points to...

Shanghai stocks close with 0.82 percent drop

Shanghai, China, Dec 18 (efe-epa).- The Shanghai Stock Exchange on Tuesday dropped 0.82 percent, or 21.32 points, to close at 2,576.65 points.

Seoul stocks close 0.43 percent down

Seoul, Dec 18 (efe-epa).- Seoul Stock Exchange's benchmark Kospi index on Tuesday fell 8.98 points or 0.43 percent to close at 2,062.11 points.

Tokyo Stock Exchange closes with 1.82 percent drop

Tokyo, Dec 18 (efe-epa).- Tokyo Stock Exchange's benchmark Nikkei index closed Tuesday with a drop of 391.43 points, or 1.82 percent, to stand at 21,115.45.

IEA expects global coal demand to remain stable until 2023

Paris, Dec 18 (efe-epa).- The global demand for coal will remain stable until 2023 due to strong growth in India and Southeast Asia despite its declining...

New York Stock Exchange

New York, USA, Dec 17 (efe-epa).- Wall Street closed on Monday with heavy losses as the Dow Jones Industrial Average, its main indicator, was down 2.11...

Mexico boosts minimum wage to $5 a day

Mexico City, Dec 17 (efe-epa).- The Mexican government has reached agreement with representatives of business and labor to increase the minimum wage by...

Google to invest $1 bn in new offices in New York

San Francisco, Dec 17 (efe-epa).- Google revealed Monday that it will invest $1 billion in the construction of new offices in New York, an announcement that...

No injuries reported as fire damages private oil refinery in Brazil

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Trump advises Fed against another interest rate hike

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Gov't starts work on rail project in poor southeastern Mexico

By Marti Quintana.

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