Author: Press Room
© Reuters. FILE PHOTO: A man walks past a Reliance Industries Limited sign board installed on a road divider in the western Indian city of Gandhinagar, January 17, 2014. REUTERS/Amit Dave/File Photo BENGALURU (Reuters) -Reliance Industries, India’s most valuable company, and Walt Disney (NYSE:) Co are finalising details of a non-binding term sheet to merge their Indian media operations, the Economic Times reported on Tuesday citing executives involved in the deal. Under the current terms of agreement, possibly to be announced in January, a newly-formed unit of Reliance’s Viacom18 is to absorb Disney’s Star India through a share swap deal,…
© Reuters. An oil tank and an oil pumpjack are pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo (Reuters) – The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday. Those include the blockbuster deals such as Exxon Mobil (NYSE:)’s $60-billion proposed deal for Pioneer Natural Resources (NYSE:) PXD.N and Chevron (NYSE:)’s $53-billion agreement for Hess (NYSE:). Other deals include Permian…
EMCORE (NASDAQ:EMKR) is scheduled to announce Q4 earnings results on Tuesday, December 12th, after market close. The consensus EPS Estimate is -$0.08 (+72.4% Y/Y) and the consensus Revenue Estimate is $26.27M (+2.6% Y/Y). Over the last 2 years, EMKR has beaten EPS estimates 25% of the time and has beaten revenue estimates 50% of the time.
Douglas Emhoff, the husband of Vice President Kamala Harris, got his Hanukkah story wrong in a Monday social media post and was prompted and scolded for the confusion before he deleted it. In a post on X, formally known as Twitter, Emhoff posted an image of himself and Harris lighting a menorah. The post was accompanied by his version of the origins of the eight-day Jewish holiday.”The story of Hanukkah and the story of the Jewish people has always been one of hope and resilience. In the Hanukkah story, the Jewish people were forced into hiding,” he wrote. “No one thought…
A jury on Monday found Google violated antitrust policies in its Play Store for Android systems.Fortnite developer Epic Games proved Google held a monopoly in the store and limited competitors.The ruling may force changes to Google Play, which brings in billions for the company. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Google just lost a landmark antitrust case.A jury on Monday sided with Fortnite developer Epic Games, finding that the tech giant held a monopoly in its Google Play Store for Android operating…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indian authorities have stepped up efforts to control domestic supplies and prices of agricultural commodities such as sugar, onions and wheat ahead of next year’s general election, the latest in a series of interventions that have sent shockwaves through global markets.Authorities have in recent days banned onion exports, restricted the use of sugar for ethanol production and cut the size of the wheat stocks that traders and retailers are allowed to hold.India is one of the world’s largest agricultural commodity producers and…
© Reuters. FILE PHOTO: A security guard stands beside a logo of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) posted at the main gate in Manila, Philippines April 28, 2016. REUTERS/Romeo Ranoco/File Photo/File Photo By Anant Chandak BENGALURU (Reuters) – The Philippine central bank will leave its key interest rate unchanged at 6.50% for a second time on Thursday thanks to cooling inflation and an improving currency, according to a Reuters poll that showed it would remain steady through Q2 2024. While inflation eased to a 20-month low in November near the Bangko Sentral ng Pilipinas’ (BSP)…
© Reuters. The Hong Kong Stock Exchange is closed at the financial Central district as Typhoon Haima approaches in Hong Kong, China, October 21, 2016 . REUTERS/Bobby Yip/file photo By Scott Murdoch (Reuters) – Chinese companies iMotion Automotive Technology and Henan Jinyuan Hydrogenated Chemicals are making a last-minute dash to list in Hong Kong before the end of the year, seeking a combined $130 million, according to regulatory filings lodged on Tuesday. Self-driving firm iMotion is looking to raise HK$655.7 million ($84.00 million) by selling 22.11 million shares at HK$29.65 per share in a deal launched on Wednesday, the filings…
© Reuters. By Phil Stewart WASHINGTON (Reuters) -A land-based cruise missile launched from Houthi-controlled Yemen has struck a commercial tanker vessel, causing a fire and damage but no casualties, two U.S. defence officials told Reuters on Monday. The attack on the tanker STRINDA took place about 60 nautical miles (111km) north of the Bab al-Mandab Strait about 2100 GMT, one of the officials said. The U.S. Navy destroyer USS Mason was there and rendered aid, the officials said. The Iran-aligned Houthis have waded into the conflict – which has spread around the Middle East since the Israel-Hamas war erupted on…
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