Stocks

By Anshuman Daga and Scott Murdoch SINGAPORE (Reuters) – Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country’s largest issue, after pricing it at the top of an indicated price range, three sources familiar with the matter said on Wednesday. The IPO by Indonesia’s fourth-biggest e-commerce company, which is… More

KUALA LUMPUR (Reuters) – An equity deal for a planned mega project near Malaysia’s capital involving the government, developer Iskandar Waterfront Holdings (IWH) and its Chinese partner will not proceed by mutual agreement, the parties said in a joint statement. The agreement on a 7.41 billion ringgit ($1.77 billion)acquisition for 60% equity in the Bandar… More

By Humeyra Pamuk and David Shepardson WASHINGTON (Reuters) – The Biden administration is set as early as Friday to add more than 10 Chinese companies to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang, two sources told Reuters. The U.S. Commerce Department action will follow its announcement last month adding… More

By Meg Shen and John Revill HONG KONG/ZURICH (Reuters) -Syngenta Group will use the proceeds from its expected $10 billion initial public offering (IPO) to fund internal growth and an acquisition spree to snare more of the $100 billion market for seeds and sprays, the agrichemical giant said on Friday. The company’s prospectus to list… More

BERLIN (Reuters) – German carmaker Volkswagen (DE:VOWG_p) will stop selling combustion engines cars in Europe by 2035 as it shifts to electric vehicles, but later in the United States and China, a board member was quoted as saying on Saturday. “In Europe, we will exit the business with internal combustion vehicles between 2033 and 2035,… More

PARIS/BANGALORE (Reuters) -Billionaire investor William Ackman’s Pershing Square Tontine Holdings signed a deal to buy 10% of Universal Music Group (UMG), Taylor Swift’s label, for about $4 billion, the companies said on Sunday. “As announced, the transaction is based on an enterprise value of 35 billion euros ($41.55 billion) for 100% of UMG’s share capital,”… More

TOKYO (Reuters) – Mizuho Financial Group Inc’s corporate culture has been responsible for repeated system failures as it is not able to respond well to crises, lacks technological expertise and is not able to show improvement, a third-party investigation found. Japan’s third-largest lender commissioned the report after having had four system breakdowns despite spending more… More

By Foo Yun Chee BRUSSELS (Reuters) -Google has bowed to pressure from rivals and will let them compete for free to be the default search engines on Android devices in Europe, widening a pledge to EU antitrust regulators two years ago. The move by the world’s most popular internet search engine comes as the 27-country… More

NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:JPM) head of asset and wealth management Mary Callahan Erdoes said on Wednesday her division of the bank is looking into possible opportunities for add-on acquisitions. “I wouldn’t assume we haven’t done anything,” Erdoes said when asked why her unit has not announced an acquisition deal. “You’ve… More

By Gilles Guillaume and Heekyong Yang PARIS/SEOUL (Reuters) -Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters. The move will result in a 50% reduction in models powered by fossil… More

PARIS/WASHINGTON (Reuters) – Airbus will go ahead with plans to increase the range of its smallest jet, the A220, its newest operator said, allowing airlines to open more niche routes internationally. Airline entrepreneur David Neeleman said last month he was discussing adding extra endurance to the jetliner with Airbus, which took over the Canadian-designed programme… More

(Reuters) -Disney World and other U.S. amusement parks updated their mask policy following the latest guidance from the Centers for Disease Control and Prevention (CDC) this week. Masks have been made optional in outdoor areas and pool decks at Walt Disney (NYSE:DIS) Inc’s Disney World in Orlando, Florida, effective May 15, but are still needed… More

By Bart H. Meijer AMSTERDAM (Reuters) -The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell (LON:RDSa) and ExxonMobil (NYSE:XOM) around 2 billion euros ($2.4 billion) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world, the Port of Rotterdam… More

After the Reddit-fueled rally last month, MicroVision (MVIS) has given back much of its gains. So is now the time to buy this lidar stock or is Velodyne (VLDR) a better investment?.Last month MicroVision (MVIS) became a much talked about company on the Reddit WallStreetBets Investing forum. MVIS is a company that develops Lidar technology.… More

The infrastructure space is expected to benefit from increasing infrastructure spending as the global economy gradually reopens. Furthermore, President Biden’s proposal to spend $2 trillion-plus to rebuild infrastructure and reshape the U.S. economy could turbo-drive drive the industry’s growth. Given this backdrop, we believe lesser-known companies in the infrastructure sector, such as Federal Signal (NYSE:FSS)… More