Intel scraps $5.4 billion Tower deal after China review delay
By Anirban Sen NEW YORK (Reuters) -Intel Corp scrapped its $5.4 billion deal to buy Israeli contract chipmaker Tower Semiconductor…
2023
Italy’s bad loan proposal alarms investors
By Valentina Za and Angelo Amante MILAN (Reuters) -A law proposed by the Italian prime minister’s party to help those…
Russia could reintroduce compulsory sale of FX revenues ‘at any moment’ -source
By Elena Fabrichnaya, Gleb Stolyarov and Anastasia Lyrchikova MOSCOW (Reuters) -Russian authorities are discussing bringing back the compulsory sale of…
ONE boosts range of Aries EV battery, aims for 600 miles with Gemini
(This Aug. 15 story has been corrected to say that the cost target is $50 at cell level and less…
Lahaina wildfire insured property loss to be about $3.2 billion – KCC
(Reuters) – Insured property losses from the wildfire that ravaged the resort town of Lahaina in Hawaii last week are…
What happens when a $2 million gene therapy is not enough
(This Aug. 12 story has been corrected to state that ICER’s final analysis was that Zolgensma was cost effective at…
Visa’s pricing of token technology under DOJ probe – Bloomberg News
(Reuters) -Visa is under fresh investigation by the U.S. Department of Justice over allegations it is charging retailers more for…
Jefferies hires Credit Suisse banker Gegenheimer for tech dealmaking -sources
By Milana Vinn (Reuters) – Jefferies has hired Credit Suisse investment banker Jon Gegenheimer in its latest efforts to boost…
Hedge funds dumped Chinese stocks in August, says Goldman
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds “aggressively” sold Chinese stocks amid heightened concerns over the country’s…
Zhongrong Trust’s missed payments trigger fears among Chinese investors
SHANGHAI (Reuters) -Anxious Chinese retail investors are bombarding listed companies with questions about their exposure to Zhongrong International Trust Co…