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January 19, 2022

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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......

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......

Genesys picks investment banks for U.S. IPO – source

Reuters
Jan 14 (Reuters) – The private equity owners of enterprise-software maker Genesys have chosen underwriters for a U.S. initial public offering (IPO), a person familiar with the matter told Reuters on Friday. Owners Permira Holdings and Hellman & Friedman have tapped JPMorgan Chase & Co, Morgan Stanley and Goldman Sachs......

Goldman Sachs’ Petershill nears deal for Arsenal Capital stake -sources

Reuters
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 14 (Reuters) – Petershill Partners Plc (PHLL.L), the London-listed......

Citigroup profit exceeds expectations on robust investment banking

Reuters
The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha Register now for FREE unlimited access to Reuters.com Register Jan 14 (Reuters) – Citigroup Inc (C.N) on Friday posted a 26% drop in fourth-quarter profit but exceeded market expectations as strong......

JPMorgan profit beats estimates on M&A boost

Reuters
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register Jan 14 (Reuters) – JPMorgan Chase & Co (JPM.N) reported a 14% fall in fourth-quarter earnings on Friday......

Huntsman says Starboard is forcing company into ‘unnecessary’ proxy fight

Reuters
BOSTON, Jan 12 (Reuters) – Huntsman Corp (HUN.N) reacted to Starboard Value’s decision to nominate four directors to its board on Wednesday, saying the two sides had consulted on key matters but that the activist investor is forcing it into an “unnecessary” board room fight. Chemicals maker Huntsman said investment......

Exclusive: Morgan Stanley to award 20% bonuses to top performers

Reuters
The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton Register now for FREE unlimited access to Reuters.com Register SYDNEY/HONG KONG/NEW YORK, Jan 12 (Reuters) – Morgan Stanley (MS.N) will raise its annual bonus for top-performing......

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,......

CNOOC raises 2022 production target, sees oil peak by 2030

Reuters
Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a news conference on the company’s interim results in Hong Kong, China March 23, 2017. REUTERS/Bobby Yip Register now for FREE unlimited access to Reuters.com Register Set 2022 output target at 600-610 mln boe Expects domestic oil output to......

Rivian shares tumble as legacy automakers rev up EV targets

Reuters
A Rivian R1T pickup, the Amazon-backed electric vehicle (EV) maker, is driven outside the Nasdaq Market site during the company’s IPO in Times Square in New York City, U.S., November 10, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Jan 6 (Reuters) – Shares of Rivian......

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......

China to order cybersecurity reviews for some firms seeking overseas listings

Reuters
A sign above an office of the Cyberspace Administration of China (CAC) is seen in Beijing, China July 8, 2021. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Jan 4 (Reuters) – China’s cyberspace regulator said on Tuesday it will implement new rules from Feb. 15......

LG Energy Solution targets $10.8 billion in IPO – term sheet

Reuters
LG Energy Solution’s logo is pictured on a smartphone in front of the stock graph displayed in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, Jan 3 (Reuters) – Korean battery maker LG Energy Solution has opened the books......

Hong Kong court denies bail to former Stand News editors charged with sedition

Reuters
HONG KONG, Dec 30 (Reuters) – A Hong Kong court denied bail to two former senior editors charged with conspiring to publish seditious materials a day after police raided the Stand News pro-democracy media organisation, prompting its closure. About 200 officers raided the office of the online publication on Wednesday,......

Samsung, Micron warn China’s Xian lockdown could disrupt memory chip manufacturing

Reuters
Workers in protective suits stand at an entrance to a university’s residential area under lockdown following the coronavirus disease (COVID-19) outbreak in Xian, Shaanxi province, China December 20, 2021. China Daily via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Xian lockdown adds to global supply chain......

SenseTime shares jump 23% on debut after $740 mln Hong Kong IPO

Reuters
The logo of SenseTime is seen at SenseTime office, in Shanghai, China December 13, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Gains add up to $3.8 bln to SenseTime’s market capitalisation Shares second-most actively traded by turnover in value terms Market had already digested U.S.......

EXCLUSIVE Activist Jana Partners pushes Encompass Health on potential merger

Reuters
FILE PHOTO: A photo illustration shows a general practitioner holding a stethoscope in a doctor’s office. REUTERS/Regis Duvignau Register now for FREE unlimited access to Reuters.com Register BOSTON, Dec 28 (Reuters) – Activist investment firm Jana Partners wants Encompass Health (EHC.N) to re-engage with interested third parties on a potential......

China proposes new approval framework for overseas listings

Reuters
BEIJING, Dec 24 (Reuters) – China’s securities regulator proposed tightening rules governing Chinese companies listing abroad on Friday, which it said would improve oversight while allowing firms to continue to do so. The China Securities Regulatory Commission (CSRC) said on its website that it proposed establishing a new framework for......

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