By Echo Wang and Anirban Sen NEW YORK (Reuters) – Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp, is likely to aim to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year, people familiar with the matter said on Sunday. Arm…
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Italian state lender CDP said on Sunday its board had approved a non-binding offer for the fixed network of former phone monopoly Telecom Italia (TIM), adding it would be valid until March 31. CDP has teamed up with Australian infrastructure fund Macquarie to bid for Italy’s most…
By Divya Rajagopal TORONTO (Reuters) – Junior mining companies hoping to produce lithium, nickel and other green energy metals are worried that Canada’s crackdown on some overseas investors may limit their ability to raise funds for mines and related facilities. Ottawa last fall proposed bolstering its Investment Canada Act (ICA) to give government ministers power…
WASHINGTON (Reuters) – Two U.S. senators plan to introduce legislation this week aimed at letting the government “ban or prohibit” foreign technology products such as Chinese-owned TikTok, Senator Mark Warner said on Sunday. Warner, the chairman of the Senate Intelligence Committee, said TikTok would be “one of the potentials” for review under the bill. The…
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) – The board of Italian state investor CDP is due to meet later on Sunday to approve a multi-billion euro non-binding offer for the fixed network of former phone monopoly Telecom Italia, three people with knowledge of the matter said. CDP has teamed up with Australian infrastructure…
FRANKFURT (Reuters) – Underlying inflation in the euro zone will stay high in the near term so a 50 basis point European Central Bank interest rate increase later this month is increasingly certain, ECB President Christine Lagarde told Spanish media group Vocento. The ECB has already raised rates by 3 percentage points since July and…
BEIJING (Reuters) -Warning that risks remain in the property market, China’s government said in a report released at parliament’s annual opening on Sunday that it would promote the sector’s stable development and prevent disorderly expansion by developers. Premier Li Keqiang made guarding against risks to top property developers one of the government’s priorities this year,…
WASHINGTON (Reuters) – A program to address the risks of outbound U.S. investment in areas with sensitive technology potentially harmful to national security would cost $10 million if set up this fiscal year, according to a U.S. Treasury Department report obtained by Reuters. The report surfaced as President Joe Biden’s administration weighs restrictions on outbound…
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Italian state investor CDP has called a board meeting on Sunday which is expected to approve a long-delayed non-binding offer for the fixed network of former phone monopoly Telecom Italia, three sources close to the matter said. CDP has teamed up with Australian infrastructure fund Macquarie in…
FRANKFURT (Reuters) – Mercedes-Benz laid the foundation stone for a sustainable battery recycling factory in Kuppenheim, southern Germany on Friday. The pilot plant will have an annual capacity of 2500 tonnes and will contribute to the production of more than 50,000 battery modules for new electric Mercedes-Benz vehicles. Recycled batteries will come from test vehicles…
