Investors in VinFast’s SPAC cash out most shares
HANOI (Reuters) -Shareholders of Black Spade Acquisition, a special purpose acquisition company (SPAC) that has plans to merge with Vietnam’s…
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No sign of Russian intent to change tack on Ukraine war, Blinken says
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – Russia shows no sign of changing direction in its war on…
Citigroup profit drops 36% on trading slump, rising expenses
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) -Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments…
Eli Lilly to buy Versanis for up to $1.93 billion in obesity drugs push
By Sriparna Roy (Reuters) -Eli Lilly and Co said on Friday it will buy privately held Versanis for potentially up…
UPS strike could be costliest in US in a century, study says
By Lisa Baertlein (Reuters) -A threatened U.S. strike at United Parcel Service could be “one of the costliest in at…
UK extends Activision deadline after receiving Microsoft’s ‘complex’ proposal
By Paul Sandle LONDON (Reuters) – Britain’s competition regulator on Friday extended its final deadline on Microsoft’s Activision Blizzard deal…
Brazil retail sales fall in May, and miss expectations
SAO PAULO (Reuters) -Brazil’s retail sales fell in May and missed expectations, government statistics agency IBGE showed on Friday, as…
Highly shorted Nikola jumps as retail army scoops up shares after BayoTech deal
(Reuters) – Shares of Nikola Corp jumped 14% on Friday, a day after a short squeeze sent the electric-truck maker’s…
Illumina hit with record $476 million EU antitrust fine over Grail deal
(This July 12 story has been officially corrected by the European Commission to change the amount of deal to $570…
Republican state officials threaten legal action over company diversity policies
(Refiles to replace ‘attorney generals’ with ‘attorneys general’ throughout) By Daniel Wiessner (Reuters) -A group of Republican U.S. state attorneys…