Uncategorized

Reuters exclusively reported that Digital World Acquisition Corp (DWAC.O), opens new tab, the blank-check acquisition company that has agreed to take former U.S. President Donald Trump’s social media platform public, is nearing a $50 million financing deal. The post Trump’s media deal partner nears $50 million financing appeared first on Reuters News Agency.

Reuters exclusively reported that Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors.  The post Nvidia pursues $30 billion custom chip opportunity with new unit appeared first on Reuters News Agency.

Reuters exclusively reported that U.S private equity firm Apollo Global Management Inc (APO.N) is in talks to buy a minority stake in the Middle East, North Africa and central Asia Starbucks (SBUX.O) franchise operated by Kuwait’s AlShaya Group.  The post Apollo in talks for AlShaya Starbucks franchise, sources say  appeared first on Reuters News Agency.

Reuters exclusively reported that Boeing Co (BA.N), said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying some near-term deliveries, after its supplier Spirit AeroSystems (SPR.N), discovered two mis-drilled holes on some fuselages.  The post New quality glitch to delay some Boeing 737 MAX deliveries  appeared first on Reuters […]

Reuters was first to report that Chinese internet giant Alibaba Group (9988.HK),  is looking to sell a number of consumer sector assets, including grocery business Freshippo and retailer RT-Mart.  The post Alibaba considers sale of consumer assets including Freshippo, RT-Mart appeared first on Reuters News Agency.

Reuters exclusively reported that U.S. data security software firm Cohesity told Reuters on Wednesday it has agreed to acquire Veritas’ data protection business in a deal that values the combined entity at $7 billion.  The post Softbank-backed Cohesity to buy Veritas data security unit, create $7 billion firm  appeared first on Reuters News Agency.

Reuters exclusively reported that German home prices could fall as much as 30% below their 2022 peak, according to one of the country’s largest landlords, in a more pessimistic assessment than rivals highlighting the continued threat posed to Europe’s biggest economy.  The post German landlord TAG warns home prices could fall 30% from peak appeared […]

Reuters exclusively reported that Anglo American (AAL.L) may consider deeper cost-cutting measures unless market conditions improve after a fall in prices and a downturn in the platinum group metals (PGMs) sector that is the worst in 35 years, CEO Duncan Wanblad said.  The post Anglo American considers deeper cost cuts in face of worst downturn in years  […]

Reuters exclusively reported that drug maker Novartis AG (NOVN.S) is in advanced talks to acquire MorphoSys AG (MORG.DE), a developer of cancer treatments that has a market value of 1.6 billion euros ($1.7 billion).  The post Novartis in the lead to acquire cancer drug developer MorphoSys  appeared first on Reuters News Agency.

Reuters exclusively reported that Chinese brokerages, including state-owned behemoth China International Capital Corp (CICC), have restricted the amount of cross-border swap transactions domestic investors can undertake, as authorities seek to defend the weak stock market.  The post Chinese brokers restrict cross-border swaps as stocks plunge appeared first on Reuters News Agency.