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January 24, 2022

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Siemens Energy, wind division lose $5 bln in value after profit warning

Reuters
The Siemens Gamesa logo is displayed outside the company headquarters in Zumudio, near Bilbao, Spain, November 28, 2017. REUTERS/Vincent West Register now for FREE unlimited access to Reuters.com Register Siemens Gamesa warns of prolonged supply chain issues Siemens Gamesa shares slump as much as 16.2% Siemens Energy shares post biggest......

Rio Tinto shares slump as Serbia pulls plug on its $2.4 bln lithium project

Reuters
Serbia revokes Rio’s lithium exploration licences Share prices drop as cancellation seen as major setback Cancellation will mean greater shortage of lithium – analyst MELBOURNE, Jan 21 (Reuters) – Shares in Rio Tinto tumbled on Friday after Serbia revoked its lithium exploration licences over environmental concerns, hurting the Anglo-Australian miner’s......

Intel plans $20 bln chip manufacturing site in Ohio – sources

Reuters
The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, November 24, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON/SAN FRANCISCO, Jan 20 (Reuters) – Intel Corp on Friday is set to announce it will invest $20 billion......

Ford records $8.2 bln fourth-quarter gain from Rivian investment

Reuters
The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 18 (Reuters) – Ford Motor Co (F.N) said on Tuesday its fourth-quarter results would include an $8.2 billion gain on its investment......

Tesla investors urge judge to order Musk repay $13 bln for SolarCity deal

Reuters
SpaceX owner and Tesla CEO Elon Musk listens during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register WILMINGTON, Del, Jan 18 (Reuters) –......

BBVA to pay more than 7 bln euros to shareholders in 2021, 2022, chairman says

Reuters
BBVA bank logo is pictured in Seville, southern Spain March 14, 2016. REUTERS/Marcelo del Pozo/File Photo MADRID, Jan 17 (Reuters) – Spain’s BBVA (BBVA.MC) expects to distribute more than 7 billion euros ($8 billion) to shareholders in 2021 and 2022, around a fifth of its current market capitalization, chairman Carlos......

Singapore’s UOB to buy Citi retail arms in 4 Southeast Asia markets for $3.65 bln

Reuters
A man passes by a UOB bank branch in Singapore November 4, 2020. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register UOB buying Indonesia, Malaysia, Thailand and Vietnam operations To fund retail business acquisition with internal capital Purchase will double UOB’s retail business in 4 markets Citi’s......

Facebook faces $3.2 bln UK class action over market dominance

Reuters
LONDON, Jan 14 (Reuters) – Social media giant Facebook (FB.O), now known as Meta Platforms, faces a 2.3 billion pound plus ($3.2 billion plus) class action in Britain over allegations it abused its market dominance by exploiting the personal data of 44 million users. Liza Lovdahl Gormsen, a senior adviser......

Crown Resorts says likely to back improved $6.5 bln Blackstone buyout offer

Reuters
Proposal raised by about 5% after initial due diligence Crown shares jump as much as 9% Star Entertainment still open to a deal with Crown Jan 13 (Reuters) – Australia’s biggest casino operator, Crown Resorts Ltd (CWN.AX), said on Thursday its board was likely to back an improved A$8.87 billion......

Fintech firm Checkout.com’s valuation touches $40 bln after latest funding

Reuters
Jan 12 (Reuters) – Checkout.com said its valuation more than doubled to $40 billion in a year, following a $1 billion investment in the financial technology company that will be used to launch products and further its involvement in the so-called Web3 space. Several new and existing investors including Altimeter,......

Citadel Securities valued at $22 bln after Sequoia, Paradigm take stake

Reuters
Jan 11 (Reuters) – Citadel Securities said on Tuesday venture capital firm Sequoia Capital and crypto-focused investment company Paradigm had made a $1.15 billion minority investment in it, giving the market maker founded by billionaire Ken Griffin a valuation of nearly $22 billion. The funding round was led by Sequoia.......

Take-Two to buy ‘FarmVille’ maker Zynga for $11 bln in largest gaming deal

Reuters
Jan 10 (Reuters) – “Grand Theft Auto” video game maker Take-Two Interactive (TTWO.O) said on Monday it would buy Zynga for $11.04 billion in a cash-and-stock deal that will add popular mobile titles such as “FarmVille” under its umbrella as demand surges for on-the-go gaming. The deal, the largest ever......

Private equity firm TPG seeks $9.5 bln valuation in U.S. IPO

Reuters
Jan 4 (Reuters) – Private equity firm TPG disclosed on Tuesday it is aiming for a $9.5 billion valuation in its U.S. initial public offering (IPO), as it presses on with a stock market flotation later this month. The underperformance of its peers’ shares over much of the last decade......

Tencent raises $3 bln in Sea share trade -term sheet

Reuters
A logo of Tencent is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Jan 5 (Reuters) – Chinese gaming and social media company Tencent Holdings......

UK’s Terra Firma plans to sell Annington Homes at $12 bln valuation- Sky News

Reuters
Jan 1 (Reuters) – Private equity firm Terra Firma is in talks to sell residential property company Annington Homes, with any deal expected to value the British defence ministry’s landlord at over 9 billion pounds ($12.18 billion) including debt, Sky News reported on Saturday. Annington is one of the largest......

FactSet to buy CUSIP Global for nearly $2 bln

Reuters
Dec 27 (Reuters) – Financial data services firm FactSet (FDS.N) said on Monday it would buy CUSIP Global from S&P Global for $1.93 billion in cash. Register now for FREE unlimited access to Reuters.com Register Reporting by Akash Sriram in Bengaluru; Editing by Ramakrishnan M. Our Standards: The Thomson Reuters......

Japan’s record $940 bln budget to help recovery as fiscal reform in back seat

Reuters
A view of the skyline and buildings at Shinjuku district during sunset in Tokyo, Japan June 20, 2021. REUTERS/Pawel Kopczynski Register now for FREE unlimited access to Reuters.com Register FY2022 budget hits spending record for 10th year PM prioritises COVID-19 recovery over fiscal reform New bond issuance down as record......

Tencent to transfer $16.4 bln JD.com stake to shareholders

Reuters
A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Dec 23 (Reuters) – Gaming and social media giant Tencent (0700.HK) will distribute most of its JD.com (9618.HK) stake worth HK$127.69 billion ($16.37 billion) to its shareholders, losing......

Embraer flying taxi unit Eve, valued at $2.9 bln, to list on NYSE

Reuters
The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Dec 21 (Reuters) – Brazilian planemaker Embraer SA (EMBR3.SA) has agreed to combine its electric......

Packaging maker Sonoco to acquire Ball Metalpack for $1.35 bln

Reuters
Dec 20 (Reuters) – Packaging products provider Sonoco Products Co (SON.N) said on Monday it will buy sustainable metal packaging manufacturer Ball Metalpack for $1.35 billion in cash to expand its sustainable packing portfolio. Sonoco expects to realize tax benefits of about $180 million with the deal. Colorado-based Ball Metalpack,......

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