(Reuters) -WE Soda, a producer of natural soda ash, has abandoned plans to go public in London after investor feedback fell short of its valuation expectations. WE Soda’s parent Ciner Group had planned to raise at least $800 million in an initial public offering, with press reports citing a potential valuation of more than $7 …
WE Soda scraps London listing after valuation tussle Read More »
MEXICO CITY (Reuters) – The former chief executive of SoftBank Group International, Marcelo Claure, on Wednesday launched a fund focused on Latin America with initial commitments of around $440 million. The fund, named Bicycle I from growth equity firm Bicycle Capital, targets a total size of $500 million and aims to partner with startups across …
Former SoftBank chief launches fund focused on LatAm startups Read More »
(Reuters) – Kunlun Tech is planning a $400 million capital boost for a subsidiary expected to buy a stake in an artificial intelligence firm via a share issue, as Chinese tech firms ramp up efforts to develop rivals to Microsoft-backed OpenAI’s ChatGPT. A global AI buzz kicked off by ChatGPT has spread to China, prompting …
China Kunlun Tech subsidiary set for AI firm stake buy, $400 million capital boost Read More »
By Mathieu Rosemain, Chiara Elisei and Laura Lenkiewicz PARIS (Reuters) -Jean-Charles Naouri is set to lose his 30-year grip on debt-laden Casino unless he can come up with cash to see off rival bids for the French retailer, investment bankers and analysts said. French tycoon Xavier Niel and Czech billionaire Daniel Kretinsky are involved in …
France’s indebted Casino set for battle of billionaires Read More »
VARSOVIA, 14 jun (Reuters) – Quienes deseen viajar a la península de Hel, en el mar Báltico, ya no podrán hacerlo en el autobús 666, después de que el operador local de transporte público cambiara el número de un servicio que viajaba a la popular localidad costera polaca tras las críticas de grupos religiosos. Hel …
Por Sarah Marsh y Matthias Williams BERLÍN, 14 jun (Reuters) – En su primera estrategia de seguridad nacional presentada el miércoles, Alemania afirmó que China representa una “creciente amenaza” para la seguridad mundial, subrayando el cambio de énfasis de Berlín de los intereses económicos a la geopolítica tras la invasión rusa de Ucrania. Utilizando un …
Alemania califica a China de “creciente amenaza” en su renovado enfoque en la seguridad Read More »
(Reuters) – The Consumer Financial Protection Bureau, the top U.S. agency supervising the retail financial services sector, is due to propose in October a long-awaited rule on consumers’ control of their banking data, its director said Wednesday. The rule, called for under 2010’s sweeping Wall Street reform law, is likely to prove crucial to governing …
CFPB ‘open banking’ proposal due in October: official Read More »
By Paul Sandle and Muvija M LONDON (Reuters) – Vodafone boss Margherita Della Valle has bagged her first win with a merger deal in Britain, but the time it took to get there and the tortuous road ahead shows the scale of the challenge she faces to turn around the telecoms group. Della Valle was …
Vodafone CEO secures early win, but long road ahead on the deal front Read More »
By Duncan Miriri NAIROBI (Reuters) -Companies from Saudi Arabia bought more than 2.2 million tonnes of carbon credits on Wednesday as the Kenyan capital hosted what organisers have billed as the world’s largest sale of its kind. Demand for carbon offsets, generated through projects such as tree planting or using cleaner cooking fuel, is expected …
Saudi companies buy 2.2 million tonnes of carbon credits in Kenya auction Read More »
PARIS (Reuters) – French nuclear operator EDF will have to assess several technical challenges during the review period for a lifespan extension to 60 years for its nuclear fleet, watchdog ASN said in a press release on Wednesday. ASN is asking the French power giant to address the mechanical resistance of certain portions of the …
French nuclear watchdog specifies questions for EDF reactor life extensions Read More »
