Author Archives: Syndicated Content
UK software firm Aveva to raise $3.73 billion to fund OSIsoft deal
(Reuters) - British industrial software provider Aveva Group said on Friday it intends to raise 2.84 billion pounds ($3.73 billion) through a rights issue to partly fund the acquisition of SoftBank-ba...
Nov 06, 2020
Futures slip after strong Wall Street rally as Biden edges closer to White House
By Sagarika Jaisinghani (Reuters) - U.S. stock index futures slipped on Friday after a sharp rally pushed the S&P 500 up more than 7% this week, with investors betting on a divided Congress that would...
Nov 06, 2020
German September industry output rises less than forecast on virus woes
BERLIN (Reuters) - German industrial output rose by less than expected in September as the coronavirus crisis held back activity, data showed on Friday, in fresh evidence that a recovery from the pand...
Nov 06, 2020
Toyota-backed startup Pony.ai raises $267 million in new funding round
SHANGHAI (Reuters) - Pony.ai, backed by Toyota Motor Corp, said on Friday it raised $267 million in the initial phase of its latest funding round at $5.3 billion valuation, as the self-driving startup...
Nov 06, 2020
EU Industry Commissioner Breton: 50/50 chance of a Brexit deal
PARIS (Reuters) - There is a "50/50" chance that Britain and the European Union will be able to reach a deal over the terms of Britain's exit from the EU, EU Internal Market Commissioner Thierry Breto...
Nov 06, 2020
Russian weapons maker Kalashnikov acquired by former government official
MOSCOW (Reuters) - A former Russian deputy transport minister has acquired a controlling stake in weapons maker Kalashnikov, the company said on Friday. Alan Lushnikov, who served as deputy transport ...
Nov 06, 2020
Novartis arthritis drug fails to help COVID-19 patients
ZURICH (Reuters) - Novartis's canakinumab failed to help COVID-19 patients survive without invasive ventilation compared with standard therapy, the Swiss drugmaker said on Friday, dashing hopes the ar...
Nov 06, 2020
China's central bank says Ant's IPO suspension is to safeguard consumer, investor interests
BEIJING (Reuters) - The decision to suspend Ant Group's planned initial public offering in China was based on a comprehensive consideration about safeguarding the interests of financial consumers and ...
Nov 06, 2020
Hong Kong leader Lam discussed coronavirus, economic relief with Beijing
HONG KONG (Reuters) - Hong Kong leader Carrie Lam said on Friday she had discussed coronavirus controls and economic relief measures with mainland Chinese officials during her three-day trip to Beijin...
Nov 06, 2020
Hungary to reschedule some operations to help hospitals as pandemic spreads, PM Orban says
BUDAPEST (Reuters) - Hungary will try to avoid closing schools as long as possible but some medical operations will have to be rescheduled as hospital beds are filling up with coronavirus patients, Pr...
Nov 06, 2020
