In a development that marks China capitalizing on the coronavirus-driven COVID-19 pandemic, the Chinese government has made an investment in BGI Genomics Co, a Chinese listed company that supplies millions of COVID-19 tests globally. BGI is seeking to fund exponential… Read More ›
In a significant development, Australia has blocked a Chinese construction company from buying out a domestic builder involved in several high-profile projects, citing national security concerns, reported local media reports. In a regulatory filing to the Johannesburg stock market filing… Read More ›
On Friday, U.S. hedge fund Farallon Capital Management stated it has asked Toshiba Corp to convene an Extraordinary General Meeting (EGM) over its investment strategy. This is the second such call for an EGM in a week by major Toshiba… Read More ›
On Wednesday, the U.S. unit of Iberdrola, a Spanish renewable energy group said, it has agreed to acquire U.S. utility PNM Resources for nearly $4.3 billion, In a regulatory filing Avangrid said, PNM’s board has unanimously approved the cash offer to its… Read More ›
On Monday, Big Hit Entertainment, the management label of South Korean hugely popular K-Pop group BTS, priced its initial public offering (IPO) at the top of its range, with buyers hoping to gain from South Korea’s biggest IPO in the… Read More ›
In a statement, General Electric Co said, it has extended the employment agreement of its Chief Executive Officer Lawrence Culp up to August 31, 2024. In a regulatory filing dated August 18, GE said, its board had also approved a… Read More ›
In a statement, Wave Life Sciences said, it will return a $7.2 million loan granted under the Payroll Protection Program (PPP), following new guidance from the U.S Treasury Department. “We made this decision after the SBA (Small Business Administration) issued… Read More ›
In a statement, Warren Buffett’s Berkshire Hathaway Inc stated, it has sold around 18% of its stake in Delta Air Lines Inc as well as a 4% stake in Southwest Airlines Co earlier this week. The Wuhan Coronavirus pandemic is… Read More ›
According to a statement from Visa Inc, the Federal Trade Commission (FTC) has initiated a probe into whether its actions prohibited merchants from using other debit payment networks. Earlier this week, Bloomberg Law had reported that the FTC was investigating… Read More ›
Israel will start exporting gas to Egypt from January 2020. In a regulatory filing in Tel Aviv, Israel’s Delek Drilling stated, shares have been transferred to buyers in a joint venture called EMED between Texas-based Noble Energy and Delek wherein… Read More ›
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