DEAL1

Philippines grants U.S. better entry to bases amid China considerations

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Philippines, U.S. agree so as to add 4 areas beneath EDCA Settlement comes amid tensions in South China Sea, over Taiwan EDCA permits U.S. entry to Philippine army bases MANILA, Feb 2 (Reuters) – The Philippines has granted the US expanded entry to its army bases, their defence chiefs stated on Thursday, amid mounting concern … Read more

Adani loses Asia’s richest crown as inventory rout deepens to $84 billion

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BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged once more on Wednesday as a rout in his firms deepened to $84 billion within the wake of a U.S. short-seller report, with the billionaire additionally dropping his title as Asia’s richest individual. Wednesday’s inventory losses noticed Adani slip to fifteenth on … Read more

Unilever names former Heinz exec Schumacher as CEO

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To turn into CEO July 1 Activist shareholder says met Schumacher when at Heinz First outsider CEO since Paul Polman appointed in 2008 Unilever shares outpace FTSE 100 LONDON, Jan 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to interchange Alan Jope as chief government from July in a transfer that was welcomed by … Read more

Adani hits again at Hindenburg, says it made all disclosures

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Adani points 413-page rebuttal to Hindenburg report U.S. short-seller’s report sparked falls in Adani shares Adani says complies with legal guidelines, essential disclosures Adani CFO assured $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued an in depth riposte on Sunday to a Hindenburg Analysis report that sparked … Read more

Hindenburg shorts India’s Adani Group, flags debt and accounting considerations

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BENGALURU, Jan 25 (Reuters) – Hindenburg Analysis mentioned on Wednesday it held quick positions in India’s Adani Group, accusing the conglomerate of improper intensive use of entities arrange in offshore tax havens and expressing concern about excessive debt ranges. The report, which comes days forward of a $2.5 billion share providing by flagship agency Adani … Read more

‘Offended Birds’ maker Rovio will get sweetened $738 mln provide from Playtika

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Jan 19 (Reuters) – Playtika Holding Corp (8II.F), on Thursday sweetened its provide for Finnish sport maker Rovio (ROVIO.HE), greatest recognized for its “Offended Birds” franchise, to 683 million euros ($737.50 million), as a consolidation within the business gathers tempo. The provide values every share of Rovio at 9.05 euros, about 60% increased than the … Read more

Microsoft faces EU antitrust warning over Activision deal – sources

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BRUSSELS, Jan 16 (Reuters) – Microsoft (MSFT.O) is more likely to obtain an EU antitrust warning about its $69 billion bid for “Name of Obligation” maker Activision Blizzard (ATVI.O), folks acquainted with the matter stated, that might pose one other problem to finishing the deal. The European Fee is readying a cost sheet referred to … Read more

Prime U.S. lawmaker objects to potential F-16 sale to Turkey

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WASHINGTON, Jan 13 (Reuters) – The Biden administration has instructed Congress it’s making ready the potential $20 billion sale of F-16 fighter jets to Turkey, sources acquainted with the matter stated on Friday, sparking an instantaneous objection from a senior U.S. lawmaker who has lengthy opposed the deal. The State Division despatched the casual discover … Read more

Goldman job cuts hit funding banking, world markets onerous -source

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Mass redundancies, spending evaluate beckons for Wall Avenue large Cuts to all main divisions anticipated, globally Restructuring in Asian wealth unit kicks off Wednesday’s layoffs NEW YORK/LONDON/HONG KONG, Jan 12 (Reuters) – Goldman Sachs (GS.N) started shedding workers on Wednesday in a sweeping cost-cutting drive, with round a 3rd of these affected coming from the … Read more

Microsoft in talks to take a position $10 bln in ChatGPT proprietor -Semafor

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Jan 9 (Reuters) – Microsoft Corp (MSFT.O) is in talks to take a position $10 billion into OpenAI, the proprietor of ChatGPT, which is able to worth the San Francisco-based agency at $29 billion, Semafor reported on Monday, citing folks acquainted with the matter. The funding contains different enterprise companies and deal paperwork had been … Read more