11 December

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Calisen to go private in £1.43 billion deal less than a year after IPO

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(Reuters) - Calisen Plc said on Friday it has agreed to be bought out by a consortium of investors in a deal that values the smart meter company at about 1.43 billion pounds ($1.90 billion). The offer values Calisen at 261 pence per share, representing a premium of 26% to its stock's last closing price of 206.6 pence. It is also higher than...

11 December

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China Vows to Strengthen Fiscal Support in Key Areas Like Tech

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(Bloomberg) -- China will strengthen fiscal support in key areas including food, energy, and technology in order to ensure the country’s economic security, the finance minister said. The government should pre-emptively and pro-actively prevent all kinds of risks in the economy, including around the hidden debts of local governments and those associated with high-risk...

11 December

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Asia’s Unequal Recovery Sounds Alarm for Global Economic Rebound

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(Bloomberg) -- Asia’s head start in the economic recovery from Covid-19 is sending a warning to the rest of the world: inequalities exacerbated by the virus are unlikely to be reversed any time soon. Even as the region’s rebound gathers pace, many workers who lost their jobs early in the crisis find themselves stuck in new positions with less pay. Economists caution that...

11 December

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Costco Earnings, Revenue beat in Q1

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Costco (NASDAQ:COST) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Costco announced earnings per share of $2.29 on revenue of $43.21B. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $41.7B. Costco shares are up 26% from the beginning of the year and are trading at $370.00 , down-from-52-week-high.They are...

11 December

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Exclusive: ‘Avoid getting caught’: report details how Carlsberg, SABMiller and UB fixed beer prices in India

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By Aditya Kalra NEW DELHI (Reuters) - Top executives of Carlsberg (CSE:CARLa), SABMiller (LON:SAB) and India's United Breweries (UB) exchanged commercially sensitive information and colluded to fix beer prices in India over 11 years, according to a government antitrust investigation report seen by Reuters. The Competition Commission of India (CCI) in 2018 raided the offices of the three brewers and started an...

11 December

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Asset manager group aims for carbon neutral investments by 2050

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By Simon Jessop LONDON (Reuters) - A group of 30 asset managers with more than $9 trillion under management launched the Net Zero Asset Managers Initiative on Friday to help clients ensure their portfolios are carbon neutral by 2050. The group, which includes Schroders (LON:SDR) and UBS Asset Management, said it would prioritise securing real reductions in emissions at the...

11 December

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Broadcom Results Beat in Q4 on Strong Networking Demand, Ramp-Up in Wireless

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By Yasin Ebrahim Broadcom (NASDAQ:AVGO) reported on Thursday fourth-quarter earnings that beat analysts' estimates as strong demand for networking and a ramp-up in its wireless business offset weaker enterprise spending. Broadcom shares fell 2.3% in after-hours trade following the report. Broadcom announced earnings per share of $6.35 on revenue of $6.47B. Analysts polled by Investing.com anticipated EPS of $6.24 on revenue of $6.43B....

11 December

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Hyundai Motor Group chairman, units to buy Boston Dynamics from SoftBank for up to $828m – source

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SEOUL (Reuters) - Hyundai Motor Group units and its chairman have agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank Group Corp for around 800 billion won to 900 billion won ($736 million-$828 million), a person familiar with the matter told Reuters on Friday. Chairman Euisun Chung will own...

11 December

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Analysis: World watches as first-mover Britain probes adverse reactions to Pfizer vaccine

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By Alistair Smout LONDON (Reuters) - Britain hailed "V-Day" when it became the first country to roll out the Pfizer-BioNTech COVID-19 vaccine. Yet, as first mover, it has also become the first to report cases of adverse reactions, allowing other nations to watch and learn. Officials from around the world are keen...

11 December

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FDA Advisory Panel Recommends Approval of Pfizer-BioNTech Vaccine

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Investing.com -- Pfizer Inc (NYSE:PFE)r shares jumped 2% in after-hours trading after an advisory panel to the U.S. Food and Drug Administration recommended approval of the pharma's Covid-19 vaccine for emergency use. The recommendation isn't binding, but it clears the way for the FDA to approve the drug and get vaccinations underway for millions of Americans, after the U.K....

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Calisen to go private in £1.43 billion deal less than a year after IPO

China Vows to Strengthen Fiscal Support in Key Areas Like Tech

Asia’s Unequal Recovery Sounds Alarm for Global Economic Rebound

Costco Earnings, Revenue beat in Q1

Exclusive: ‘Avoid getting caught’: report details how Carlsberg, SABMiller and UB fixed beer prices in India

Asset manager group aims for carbon neutral investments by 2050

Broadcom Results Beat in Q4 on Strong Networking Demand, Ramp-Up in Wireless

Hyundai Motor Group chairman, units to buy Boston Dynamics from SoftBank for up to $828m – source

Analysis: World watches as first-mover Britain probes adverse reactions to Pfizer vaccine

FDA Advisory Panel Recommends Approval of Pfizer-BioNTech Vaccine

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