79.39 F
New York
July 4, 2022

TRAD08

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......

Japan runs biggest trade deficit in more than 8 years in May

Reuters
May trade deficit 2.385 trln yen, largest since Jan 2014 Imports gain more than expected y/y May exports rise less than expected y/y TOKYO, June 16 (Reuters) – Japan ran its biggest single-month trade deficit in more than eight years in May as high commodity prices and declines in the......

The Saudi investment king who no longer rules alone

Reuters
Saudi wealth fund bought nearly 17% of Prince Alwaleed’s firm Sovereign fund likely to an active investor – sources PIF may benefit from Alwaleed’s investing style – analysts DUBAI, June 15 (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all......

Energy executives at transition conference still lean on fossil fuels

Reuters
NEW YORK, June 14 (Reuters) – Energy company executives at a conference on the global transition insisted on Tuesday that fossil fuels, especially natural gas, are still needed at a time when global markets grapple with tight energy supplies and skyrocketing prices. Oil and gas supplies have becomeconstricted in many......

Peru communities to allow Las Bambas mine restart after 51-day shutdown

Reuters
Police officers stand guard during a protest of the workers of the Las Bambas mine against the suspension of the mine, in Lima, Peru, June 2, 2022. REUTERS/Sebastian Castaneda Register now for FREE unlimited access to Reuters.com Register LIMA, June 9 (Reuters) – A group of indigenous Peruvian communities on......

Adani Group to acquire Holcim’s India business for $6.39 billion

Reuters
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/File Photo Register now for FREE unlimited access to Reuters.com Register May 15 (Reuters) – Holcim AG (HOLN.S) on Sunday said it signed a......

European stocks mark positive end to volatile week

Reuters
STOXX 600 rises for first week in five Casino jumps as TotalEnergies, Engie eye renewables arm Vestas slides after Berenberg downgrade May 13 (Reuters) – European shares rose on Friday, closing higher for the first time in five weeks, as a bout of bargain hunting took over after worries about......

AutoStore shares fall 12% on worries over growth

Reuters
“Bots” are seen on the grid of the “smart platform” at the Ocado CFC (Customer Fulfilment Centre) in Andover, Britain May 1, 2018. Picture taken May 1, 2018. REUTERS/Peter Nicholls//File Photo Register now for FREE unlimited access to Reuters.com Register Company builds automated warehouses for e-commerce firms Q1 orders grew......

Peruvian protesters agree to attend talks over MMG’s shut copper mine

Reuters
Members of indigenous communities camp on the property of Chinese-owned Las Bambas copper mine, in Las Bambas, Peru April 26, 2022. REUTERS/Angela Ponce Register now for FREE unlimited access to Reuters.com Register LIMA, May 6 (Reuters) – Indigenous communities protesting the Las Bambas copper mine in Peru agreed on Friday......

EXCLUSIVE India tells its states to step up coal imports for three years -sources

Reuters
A worker shovels coal in a supply truck at a yard on the outskirts of Ahmedabad, India, October 25, 2018. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register NEW DELHI, April 27 (Reuters) – India has urged its states to step up coal imports for the next......

S.Korea Posco Holdings sees record Q1 profit as Ukraine crisis drives up steel prices

Reuters
The logo of POSCO is seen at the company’s headquarters in Seoul, South Korea, July 20, 2016. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, April 25 (Reuters) – South Korea’s POSCO Holdings (005490.KS) reported on Monday a better-than-expected 44% surge in first-quarter operating profit as......

Softbank-backed Ola Electric to recall 1,441 e-scooters

Reuters
A man checks his mobile phone as he waits while recharging his Ola electric scooter at an electric vehicle charging station in New Delhi, India, February 12, 2022. REUTERS/Aditi Shah//File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, April 24 (Reuters) – Softbank-backed (9984.T) Ola Electric......

CEO steers electric truck startup Rivian through supply chain twilight zone

Reuters
NORMAL, Ill., April 18 (Reuters) – Rivian Automotive Inc (RIVN.O) CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them.......

Tsitsipas back from the brink to set up semi-final clash with Zverev in Monte Carlo

Reuters
MONTE CARLO, April 15 (Reuters) – Defending champion Stefanos Tsitsipas came out on top from a thrilling quarter-final clash with Diego Schwartzman, prevailing 6-2 6-7(3) 6-4 on Friday to set up a meeting with Alexander Zverev at the Monte Carlo Masters. The Greek third seed was 5-2 up in the......

Japan’s SMFG, Tepco, Mitsubishi face activist climate votes at AGMs

Reuters
TOKYO, April 13 (Reuters) – Big Japanese firms including Sumitomo Mitsui Financial Group (8316.T), Tokyo Electric Power (Tepco) (9501.T) and Mitsubishi Corp (8058.T) will face resolutions from activist shareholders urging greater commitment to tackling climate change at their annual meetings this year. Five climate activist groups, including Japan’s Kiko Network......

Indonesia’s GoTo surges on debut, sets tone for sector

Reuters
JAKARTA, April 11 (Reuters) – Shares of GoTo (GOTO.JK) soared as much as 23% in their market debut on Monday after Indonesia’s largest tech company raised $1.1 billion in a widely anticipated IPO, setting the mood for other tech offerings. GoTo shares climbed to as much as 416 rupiah ($0.0290)......

Analysis: With capital markets jittery, private equity pounces to finance tech buyouts

Reuters
April 4 (Reuters) – When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc (PLAN.N) last month, it skipped banks and went directly to private equity lenders including Blackstone Inc (BX.N) and Apollo Global Management Inc (APO.N). Within eight days, Thoma......

EXCLUSIVE Indonesia’s GoTo IPO books covered, to raise at least $1.1 bln – sources

Reuters
SINGAPORE, March 24 (Reuters) – GoTo Group, Indonesia’s biggest tech firm, has received sufficient investor orders for its initial public offering that could raise at least $1.1 billion within its targeted price band, two sources familiar with the situation said on Thursday. The sources, who declined to be identified as......

GM bets $3.5 bln more on self-driving tech unit as SoftBank exits

Reuters
WASHINGTON, March 18 (Reuters) – SoftBank Group Corp’s (9984.T) Vision Fund exited its bet on General Motors (GM) (GM.N) self-driving car subsidiary Cruise as the auto giant upped the ante, investing another $3.45 billion in the loss-making unit. SoftBank’s departure, which comes as the Japanese conglomerate struggles with debts, prompted......

India’s food super-app hits new gluttonous heights

Reuters
MUMBAI, March 14 (Reuters Breakingviews) – If on-demand grocery delivery is “democratising the right to laziness”, as one Turkish startup executive describes it, then India as the world’s largest democracy might prove to have the laziest consumers. And food super-app, the Prosus and SoftBank-backed (9984.T) Swiggy, is feeding that possibility.......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More