Tag: “Corporate”

Oil major Shell vows to boost shareholder returns, doubles down on LNG push

British oil major Shell on Tuesday announced plans to increase shareholder returns and cut spend, as it doubles down on its liquified natural gas (LNG) push.

Schneider Electric to invest over $700 million in US to power AI boom

Schneider Electric (SCHN.PA), opens new tab said on Tuesday it plans to invest over $700 million in its U.S. operations over the next two years amid tariff threats that could affect the French electrical equipment maker.

Volkswagen Group cooperates with Valeo and Mobileye to enhance driver assistance in future MQB vehicles

Volkswagen Group is working with Valeo and Mobileye to upgrade the advanced driver assistance systems up to Level 2+ (“enhanced partially automated driving”) in its upcoming vehicle portfolio based on the MQB platform.

EU regulators to end Apple’s browser probe after policy changes

EU antitrust authorities are anticipated to conclude their year-long investigation into the browser options provided by Apple (NASDAQ:AAPL) on its iPhones, according to a Reuters report on Tuesday.

Merck Will Pay Up to $2 Billion for Chinese Heart Drug Rights

Merck & Co. will pay as much as $2 billion for the rights to Jiangsu Hengrui Pharmaceuticals Co.’s experimental heart drug, the US drugmaker’s second recent foray into China for a novel medicine.

Jack Ma’s Ant Group flags AI breakthrough on China-built chips- Bloomberg

Jack Ma-backed Ant Group used Chinese-made semiconductors to develop less costly techniques to train artificial intelligence models, Bloomberg reported on Monday.

Malaysia to crack down on Nvidia chip flows under US pressure

Malaysia is planning to tighten regulations on semiconductors as it comes under US pressure to stem the illicit flow to China of chips crucial to the development of artificial intelligence.

Novo Nordisk strikes $2 billion deal with a Chinese company making a GLP-1 drug

Novo Nordisk announced Monday a $2 billion deal with a Chinese company making a drug in the same GLP-1 space where the Danish company is currently the leading player.

Bayer Shares Plunge After U.S. Court Defeat in Roundup Case

Bayer shares fell sharply after the company was ordered to pay $2.1 billion by a jury in a Georgia state court, the latest legal defeat for the company in a case about its Roundup weedkiller.

China’s Xiaomi to raise up to $5.27 billion from share sale

Chinese smartphone and EV maker Xiaomi Corp is raising up to $5.27 billion in a top-up placement on Monday, according to a term sheet seen by Reuters.

South Korea’s Hyundai to announce $20 billion U.S. investment

South Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring that includes a $5 billion steel plant in Louisiana, according to people familiar with the plans.

James Hardie Agrees to Buy AZEK for $8.75 Billion

Building materials company James Hardie Industries has agreed to buy AZEK, a maker of home decking, railing and pergolas, in a cash-and-stock deal worth $8.75 billion.

Chinese EV giant BYD’s fourth-quarter profit leaps 73%

Chinese electric vehicle maker BYD’s net profit leapt 73.1% in the fourth quarter of 2024 to a record 15 billion yuan ($2.1 billion), it said on Monday, reaping the rewards of lower prices and higher sales than rivals.

Big deal Fairfax με Μetlen – Ο Πρεμ Γουάτσα αυξάνει το ποσοστό του στο 8,35%

Μεγάλη συμφωνία ανακοινώνεται εντός των επόμενων λεπτών μεταξύ του καναδικού fund Fairfax και της Metlen.

ΟΛΘ: «Ξεκλειδώνει» το εμβληματικό έργο επέκτασης του Προβλήτα 6

Η ΟΛΘ Α.Ε. έχει τη δυνατότητα να προχωρήσει στην πλήρη υλοποίηση του αναπτυξιακού και επενδυτικού σχεδιασμού της

Όμιλος Fais: Υπερκαλύφθηκε κατά 1,42 φορές η δημόσια προσφορά, στα €4,7 η τιμή διάθεσης

Η Άλφα Τράπεζα και η Euroxx Χρηματιστηριακή ανακοίνωσαν σήμερα ότι διατέθηκαν συνολικά μέσω της δημόσιας προσφοράς 11.375.625 κοινές, ονομαστικές, με δικαίωμα ψήφου μετοχές της Fais Group.

Μένει στην Κύπρο η Εθνική Τράπεζα

Σε hub διεθνών εταιρικών χορηγήσεων μετατρέπεται η ΕΤΕ Κύπρου. Η ΑΜΚ των 140 εκατ. ευρώ και οι προσλήψεις. Επαναλανσάρεται ως «μπουτίκ» τράπεζα στην τοπική αγορά. Οι επιδόσεις της περσινής χρονιάς.

London Heathrow Shut After Fire in Worst Disruption in Years

London’s Heathrow airport suffered its worst disruption in at least two decades after a nearby fire cut power to the hub and brought travel to a standstill for hundreds of thousands of passengers.

BP sells Apollo $1 bln stake in firm invested in TANAP gas pipeline

BP has agreed to sell a stake in a firm invested in the TANAP gas pipeline linking Azerbaijan and Turkey for $1 billion to Apollo Global Management, the two firms said on Friday.

Micron gets boost with surging AI memory-chip sales; shares rise on earnings beat

Shares of memory-chip maker Micron Technology Inc. rose in extended trading Thursday after the company’s fiscal second quarter showed that it is still seeing a boost from AI, with its highest-capacity memory products surging in growth.