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July 4, 2022

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U.S. drug distributors prevail in $2.5 bln West Virginia opioid case

Reuters
Tablets of the opioid-based Hydrocodone at a pharmacy in Portsmouth, Ohio, June 21, 2017. REUTERS/Bryan Woolston/File Photo Register now for FREE unlimited access to Reuters.com Register July 4 (Reuters) – Major U.S. drug distributors McKesson Corp (MCK.N), AmerisourceBergen Corp (ABC.N) and Cardinal Health Inc (CAH.N) are not responsible for fueling......

Indonesia sovereign wealth fund, China fund sign $3 bln investment deal

Reuters
JAKARTA, July 4 (Reuters) – Indonesia’s sovereign wealth fund and China’s Silk Road Fund have signed a framework agreement under which the Chinese fund aims to invest up to 20 billion yuan ($2.99 billion) in the Southeast Asian country, they said in a joint statement. The investment scope under the......

EU lending arm aims to raise 100 bln euros to help rebuild Ukraine

Reuters
Seeds are seen in a grain silo destroyed after it was shelled repeatedly, amid Russia’s invasion of Ukraine, in Donetsk region, Ukraine May 31, 2022. REUTERS/Serhii Nuzhnenko/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, July 4 (Reuters) – The European Investment Bank, the lending arm of......

Softbank’s Fortress offers $1.5 bln to buy Japan’s Sogo & Seibu – Nikkei

Reuters
July 3 (Reuters) – Softbank-owned (9984.T) Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & i Holdings (3382.T), Nikkei reported on Sunday, citing sources. Fortress has obtained the first refusal right in the acquisition of......

UK to provide another 1 bln pounds of military support to Ukraine

Reuters
June 29 (Reuters) – Britain will provide another 1 billion pounds ($1.2 billion) of military support to Ukraine, the British government said on Wednesday, as NATO branded Russia the biggest “direct threat” to Western security. The funding will go towards boosting Ukraine’s defence capabilities, including air defence systems, uncrewed aerial......

Clearlake Capital explores sale of Team Technologies for more than $1 bln – sources

Reuters
NEW YORK, June 29 (Reuters) – Private equity firm Clearlake Capital Group is exploring a sale of medical products manufacturer Team Technologies Inc for more than $1 billion, including debt, according to people familiar with the matter. Clearlake Capital is working with an investment bank on a sale process for......

S.Korea’s LGES reviews plan for $1.3 bln Arizona battery plant as U.S. inflation bites

Reuters
SEOUL, June 29 (Reuters) – South Korean battery maker LG Energy Solution Ltd (LGES) (373220.KS) plans to reassess its investment plan for a standalone Arizona battery factory due to the current U.S. economic environment, a company spokesperson said on Wednesday. The spokesperson’s comments on the previously announced $1.3 billion investment......

Siemens to buy U.S. software company Brightly in $1.58 bln deal

Reuters
Chief Executive Officer (CEO) of German industrial conglomerate Siemens, Roland Busch attends the virtual annual shareholder meeting in Munich, Germany, February 10, 2022. Sven Hoppe/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register ZURICH, June 27 (Reuters) – Siemens (SIEGn.DE) is buying U.S. tech company Brightly Software......

Court ratifies Garuda Indonesia’s $9 bln debt restructuring deal

Reuters
A worker walks on a crane as a Garuda Indonesia’s aircraft is parked at the Garuda Maintenance Facility (GMF) AeroAsia, at Soekarno-Hatta International airport near Jakarta, Indonesia, January 21, 2022. REUTERS/Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register JAKARTA, June 27 (Reuters) – A court overseeing airline......

Czech finance minister seeks to keep 2022 budget deficit below $14.1 bln

Reuters
Czech Finance Minister Zbynek Stanjura speaks during an interview with Reuters in Prague, Czech Republic, June 9, 2022. REUTERS/David W Cerny/Files Register now for FREE unlimited access to Reuters.com Register PRAGUE, June 26 (Reuters) – Czech Finance Minister Zbynek Stanjura said on Sunday he wanted to keep the 2022 state......

Canada’s Rogers, Shaw, watchdog agree to start mediation over C$20 bln deal

Reuters
General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, June 24 (Reuters) – Rogers Communications Inc (RCIb.TO), Shaw Communications Inc (SJRb.TO) and Canada’s competition bureau have agreed to start a......

Italy’s Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

Reuters
People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi Register now for FREE unlimited access to Reuters.com Register Targets 3,800 voluntary staff exits in November Secures pre-underwriting accord with group of banks To lower costs, replenish capital with cash call......

Crypto platform FalconX valued at $8 bln in new funding round

Reuters
NEW YORK, June 22 (Reuters) – Digital assets platform FalconX was valued at $8 billion in a new funding round led by Singapore’s sovereign wealth fund GIC and B Capital, more than doubling its valuation in 10 months, its chief executive and founder Raghu Yarlagadda told Reuters, despite a the......

Blockchain payment company Roxe to go public via $3.6 bln SPAC deal

Reuters
June 21 (Reuters) – Blank check company Goldenstone Acquisition Ltd (GDST.O) said late on Tuesday that it has entered into a deal with blockchain-based payments company Roxe Holding Inc to take it public for a combined enterprise value of about $3.6 billion. The deal bucks an unfavorable market environment with......

Euromoney gets $2 bln possible cash offer

Reuters
June 20 (Reuters) – Euromoney Institutional Investor (ERM.L) said on Monday it received a possible cash offer from a consortium, which could value the information services firm at around 1.60 billion pounds ($1.96 billion). The consortium of Astorg Asset Management and Epiris LLP offered 14.61 pounds per Euromoney share, the......

Biden announces new $1 bln in weapons for Ukraine, Kyiv seeks more heavy arms

Reuters
WASHINGTON, June 15 (Reuters) – President Joe Biden on Wednesday announced a fresh U.S. infusion of $1 billion in weapons for Ukraine that includes anti-ship rocket systems, artillery rockets, howitzers and ammunition. In a phone call with Ukraine President Volodymyr Zelenskiy, Biden said he told the embattled leader about the......

Qualcomm wins fight against $1 bln EU antitrust fine

Reuters
LUXEMBOURG, June 15 (Reuters) – U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech. The European Commission in its 2018......

Saudi Telecom shares rise on $8 bln capital increase proposal

Reuters
A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia February 6, 2018. REUTERS/Faisal Al Nasser Register now for FREE unlimited access to Reuters.com Register DUBAI, June 12 (Reuters) – Saudi Telecom (7010.SE) said on Sunday its board had proposed increasing the company’s share capital by 30 billion......

New gas liquefaction, coking plants in Oaxaca imply 120 bln peso investment- Lopez Obrador

Reuters
MEXICO CITY, June 11 (Reuters) – Mexican President Andres Manuel Lopez Obrador pledged on Saturday to see through the completion of a gas liquefaction facility and a coking plant in the southern state of Oaxaca, in an investment of 120 billion pesos ($6 billion). On a visit to the Salina......

Australia’s $3.6 bln Snowy hydro project faces delay to 2028 -report

Reuters
MELBOURNE, June 10 (Reuters) – Australia’s A$5 billion ($3.6 billion) expansion of the country’s biggest hydro scheme faces a delay of up to 19 months, pushing start-up of the massive energy storage project out to 2028, the Australian Financial Review reported on Friday. The delay was due to a string......

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