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November 27, 2021

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Blue Prism shareholder Coast opposes Vista’s new takeover offer

Reuters
Nov 26 (Reuters) – Blue Prism (PRSMB.L) shareholder Coast Capital said on Friday it will not support private equity firm Vista Equity’s final takeover offer of 1.22 billion pounds ($1.62 billion) for the British software firm on grounds it undervalues the company. U.S.-based Coast, which owns around 2.8% of Blue......

China asks Didi to delist from U.S. on data security fears – Bloomberg News

Reuters
SHANGHAI, Nov 26 (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI.N) to devise a plan to delist from the New York Stock Exchange due to concerns about data security, Bloomberg News reported. China’s tech watchdog wants the management to take the company......

Most Latam currencies slip; rate hike prospects lift Brazil’s real

Reuters
Mexican economy shrinks more than expected Brazil’s inflation hits highest in almost 20 years Turkish lira up 0.6%; central bank, banks discuss rates Hungary’s forint pulls away from all-time lows Nov 25 (Reuters) – Latin American currencies lagged emerging market peers on Thursday, with Mexico’s peso hit by shrinking economic......

Forint rebounds, long-term yields fall after 1-week depo rate rise

Reuters
PRAGUE/BUDAPEST, Nov 25 (Reuters) – The forint bounced further from an all-time low on Thursday while long-term government bond yields fell after Hungary’s central bank raised its one-week deposit rate by 40 basis points to 2.9% as it fights rising inflation risks. The increase in the depo rate was the......

China regulator seeks to avoid U.S. delistings of Chinese firms

Reuters
A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to reuters.com Register HONG KONG, Nov 25 (Reuters) – Chinese authorities are working with U.S. counterparts to prevent Chinese......

Shares in Fincantieri fall on capital increase worries

Reuters
A view of Fincantieri shipyard is seen in Monfalcone near Trieste, in northest Italy, April 21, 2016. REUTERS/Alessandro Bianchi Register now for FREE unlimited access to reuters.com Register MILAN, Nov 24 (Reuters) – Shares in Fincantieri (FCT.MI) fell 4.6% on Wednesday, hit by the prospect of a possible capital increase,......

France orders websites to remove online marketplace Wish

Reuters
PARIS, Nov 24 (Reuters) – France ordered search engines and online platforms on Wednesday to strip Wish from their listings over concerns about product safety and the U.S. e-commerce marketplace said it was taking legal action to challenge the move. The French government, which has been investigating a number of......

India’s Paytm falls for second day after debut debacle

Reuters
BENGALURU, Nov 22 (Reuters) – Digital payments firm Paytm (PAYT.NS) fell for a second session on Monday, shaving off $7.75 billion from its market value since its dismal debut in India’s biggest initial public offering last week. Shares fell 17.78% as of 0733 GMT to 1,271 rupees compared with the......

Thyssenkrupp plans more listings as turnaround benefits seen

Reuters
Adj EBIT seen at 1.5 bln-1.8 bln euros in 2021/22 Sees IPO of hydrogen division as preferred option Studies conditions needed for steel unit spin-off Shares rise as much as 7.4% ESSEN, Germany, Nov 18 (Reuters) – Thyssenkrupp (TKAG.DE) mapped out plans to break off further parts of its sprawling......

India’s Paytm crashes in market debut, business model questioned

Reuters
MUMBAI, Nov 18 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) tumbled 26% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO. While there had been some expectations that Paytm’s market debut could underwhelm, the......

JPMorgan sues Tesla for $162 mln over warrants, Musk tweets

Reuters
NEW YORK, Nov 15 (Reuters) – JPMorgan Chase & Co (JPM.N) on Monday sued Tesla Inc (TSLA.O) for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract related to stock warrants after its share price soared. According to the complaint filed in Manhattan federal court, Tesla......

Shell proposes single-share structure, tax residence in UK

Reuters
The logo of Royal Dutch Shell is pictured during a launch event for a hydrogen electrolysis plant at Shell’s Rhineland refinery in Wesseling near Cologne, Germany, July 2, 2021. REUTERS/Thilo Schmuelgen Nov 15 (Reuters) – Oil major Shell (RDSa.L) will do away with its dual-share system and keep a single......

Coal stocks lose ground after Glasgow climate deal

Reuters
Smoke billows from a chimney at a coking factory in Hefei, Anhui province October 2, 2010. REUTERS/Stringer/File Photo Coal miners down in Asia Selling crimps long rally amid energy squeeze Oil, gas steady; China coal futures sink amid output surge SYDNEY, Nov 15 (Reuters) – An international agreement to reduce......

Tesla’s Musk says stock sale impact ‘closer to tax maximization’

Reuters
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi/File Photo Nov 13 (Reuters) – Tesla (TSLA.O) CEO Elon Musk said Saturday the result of his sale of nearly $7 billion worth......

Tesla dips after Musk sheds $5 billion in shares

Reuters
Nov 11 (Reuters) – Tesla’s stock (TSLA.O) declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion worth of his shares this week following his much-hyped Twitter poll. The electric-car maker’s stock ended the session down 0.4% at $1,063.51 after tumbling earlier in the week.......

Evergrande dodges default again; property sector debt concerns linger

Reuters
Bondholders receive overdue coupon payments – source Chinese property shares, bonds stage relief rally Broader liquidity concerns remain, more debts coming due SINGAPORE/HONG KONG, Nov 11 (Reuters) – Cash-strapped developer China Evergrande Group once again averted a destabilising default with a last minute bond payment but the reprieve did little......

EV maker Rivian prices IPO above range to raise over $11.9 bln

Reuters
NEW YORK, Nov 9 (Reuters) – Amazon-backed electric vehicle (EV) maker Rivian sold shares in its initial public offering (IPO) at $78 per share, above its target range, to raise more than $11.93 billion, the company said on Tuesday. The flotation ranks among the top 10 IPOs of all time......

Investors await Evergrande’s overdue $148 million payment amid contagion fears

Reuters
A man rides an electric bicycle past the construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for Guangzhou FC developed by China Evergrande Group, in Guangzhou, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Nov 10 (Reuters) – The uncertainty ahead of Wednesday’s deadline for cash-strapped China......

China state council think-tank met developers, banks, says source, as debt woes mount

Reuters
The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo SHANGHAI/BEIJING, Nov 9 (Reuters) – A think-tank of China’s powerful state council met real estate developers and banks in Shenzhen city, a source with direct knowledge of the meeting told Reuters, amid intensifying worries over......

Twitter users say ‘yes’ to Musk’s proposal to sell 10% of his Tesla stock

Reuters
Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Nov 7 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk should sell about......

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