(Reuters) – Saudi Arabian Oil Company (Aramco) and TotalEnergies have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia, the two companies said in a joint statement on Saturday. “Aramco and TotalEnergies today awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion “Amiral” complex, a future world-scale…
By Satoshi Sugiyama and Makiko Yamazaki TOKYO (Reuters) -Japanese online financial conglomerate SBI Holdings Inc said on Saturday it has raised its stake in SBI Shinsei Bank to 53.74% by just 3.7 points through a tender offer as a step toward taking the midsize lender private. The completion of the tender offer on Friday helps…
DUBLIN (Reuters) – European Central Bank governing council member Gabriel Makhlouf said on Saturday that while some colleagues already feel further interest rate rises will be needed beyond July, he is prepared to wait and look at the evidence. “On the evidence that we have at the moment, it does look like, in July, there…
(Reuters) -IBM is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. A deal between the companies could be completed over the weekend, the Journal reported, adding that it was unclear whether the purchase price includes debt. IBM declined…
(Reuters) – Meta and the European Union (EU) have agreed on a stress test in July on the EU’s online content rules, following EU industry chief Thierry Breton’s demand that the social media platform act immediately over Meta’s content targeting children. “Productive discussion with Meta CEO Mark Zuckerberg in Menlo Park on EU digital rules:…
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal will postpone depth restrictions that were set to affect the largest ships crossing the key waterway, the canal authority said, after much-needed rain provided relief to the strained maritime passage. A series of measures were scheduled to go into effect on June 25 and July…
(Reuters) -The number of victims of the MOVEit hack grew by several million on Thursday after the biggest U.S. pension fund, Calpers, and insurer Genworth Financial said personal information of their members and customers had been compromised. Both said a third-party vendor, PBI Research Services, was affected in a data theft hack, providing a path…
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said. The reductions come after months of sluggish markets that have depressed dealmaking across Wall Street and prompted banks to lay off thousands of employees. JPMorgan’s investment banking…
By Blake Brittain (Reuters) – A Manhattan federal judge on Friday granted Hermes’ request to permanently block artist Mason Rothschild’s sales of “MetaBirkin” non-fungible tokens following a jury’s verdict that they violated the French luxury house’s trademark rights in its famed Birkin handbags. U.S. District Judge Jed Rakoff said the permanent injunction was justified because…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Friday, capping a week dominated by Federal Reserve Chairman Jerome Powell’s testimony in which he signaled more interest rate hikes ahead but vowed the central bank would proceed with caution. All three major U.S. stock indexes lost ground in a broad sell-off. Interest-sensitive…
