By Giulio Piovaccari and Giuseppe Fonte ROME (Reuters) – Mario Draghi’s outgoing government and Intel have picked the town of Vigasio in the northeastern Veneto region as their preferred site for a new multibillion-euro chip factory in Italy, two people familiar with the matter said. Intel’s investment in Italy is part of a wider plan…
By Scott Murdoch HONG KONG (Reuters) – Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48 ($6.12) each in its Hong Kong initial public offering (IPO), said two sources with direct knowledge of the matter. While that is less than the $1.03 billion the…
(Reuters) – Grocery delivery app Instacart Inc has been letting go staff, slowing hiring and curbing other expenses as it heads toward a public listing, the Information reported on Saturday, citing people familiar with the matter. Instacart in May said it had confidentially filed with the U.S. securities regulator to go public, not long after…
By Davide Barbuscia and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation. Signs of extraordinary times were everywhere. The Federal Reserve delivered its third straight seventy-five basis…
By Anshuman Daga and Xinghui Kok SINGAPORE (Reuters) – Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. Chief Operating Officer Alex Hungate said that earlier in the year, Grab had…
(Reuters) – Grocery delivery app Instacart Inc has been letting go staff, slowing hiring and curbing other expenses as it heads toward a public listing, the Information reported on Saturday, citing people familiar with the matter. Instacart in May said it had confidentially filed with the U.S. securities regulator to go public, not long after…
(Reuters) -Pfizer Inc Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. “I’m feeling well and symptom free,” Bourla said in a statement. Bourla, 60, back in August had contacted COVID and had started a course of the company’s oral COVID-19 antiviral treatment, Paxlovid. Paxlovid is an antiviral medication that…
(Reuters) – Pfizer Inc Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. The chief executive said in a statement that he was feeling well and is symptom free. (Reporting by Mrinmay Dey in Bengaluru; Editing by Daniel Wallis)
(Reuters) – British drugmaker GSK plc, has poached Burberry Group’s finance chief to create a rare all-female executive leadership team, Sky News reported on Saturday. GSK could announce as soon as Monday morning that it has recruited Julie Brown to replace Iain Mackay, who has served as its chief financial officer since 2019, the report…
(This Sept 23 story corrects to remove paragraph 7 to take out quote, no other changes to text) By Nell Mackenzie LONDON (Reuters) – Hedge funds around the world fled positions in energy stocks, bonds and futures last week just in time to miss this week’s whipsaw moves in oil, according to data from two…
