SoftBank to lead nearly $1.2 billion investment in diagnostics firm Invitae

© Reuters. FILE PHOTO: SoftBank Corp’s logo is pictured at a news conference in Tokyo (Reuters) -Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest $ 1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible […]

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EU experts to say nuclear power qualifies for green investment label: document

© Reuters. FILE PHOTO: Night view shows Electricite de France nuclear power plant near Fessenheim By Kate Abnett BRUSSELS (Reuters) – Experts tasked with assessing whether the European Union should label nuclear power as a green investment will say that the fuel qualifies as sustainable, according to a document reviewed by Reuters. The European Commission […]

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Total speeds up renewables push with $2.5 billion investment in Indian solar power

By Sudip Kar-Gupta PARIS (Reuters) – Total is paying $ 2.5 billion for a share in Indian renewable energy firm Adani Green Energy Limited (AGEL) and a portfolio of solar power assets, marking the latest step in the French energy company’s drive to reduce its dependence on oil. For its investment, Total will get a […]

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Turkey announces $18.5 billion public investment programme for 2021

© Reuters. Business and residential buildings are seen in Istanbul’s Sisli district ANKARA (Reuters) – Turkey has announced a 2021 public investment programme worth 138.5 billion lira ($ 18.53 billion), with communication and transportation projects receiving the largest allocation of the investment funds. The programme, published in the Official Gazette late on Friday, set aside […]

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JPMorgan profit jumps on trading, investment banking strength

© Reuters. (Reuters) – JPMorgan Chase & Co (NYSE:) reported a higher fourth-quarter profit on Friday, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest U.S. bank’s lending business. Net income rose to $ 12.1 billion, or $ 3.79 per share, in the quarter […]

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Saudi crown prince says kingdom offers $6 trln investment opportunities over next decade -state news agency

© Reuters. FILE PHOTO: Saudi Arabia’s Crown Prince Mohammed bin Salman speaks during the Gulf Cooperation Council’s (GCC) 41st Summit in Al-Ula LONDON (Reuters) – Saudi Crown Prince Mohammed bin Salman said the kingdom offers investment opportunities worth $ 6 trillion over the next decade, with new projects representing half of this value, the state […]

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China will conduct talks on EU investment pact ‘at its own pace’

© Reuters. FILE PHOTO: An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue in Beijing By Yew Lun Tian BEIJING (Reuters) – China will conduct talks on an investment pact with the European Union “at its own pace”, its foreign ministry said on Friday, raising doubts about whether a […]

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China issues national security rules on foreign investment

SHANGHAI (Reuters) – China published rules on Saturday for reviewing foreign investment on national security grounds, potentially broad measures that it insisted did not amount to protectionism. The review system announced by the National Development and Reform Commission (NDRC) covers foreign investments in military sectors and the acquisition of controlling stakes in such sectors as […]

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Draft guidance on China investment ban spurs tensions in Trump administration -sources

© Reuters. FILE PHOTO: Flags of U.S. and China are displayed at AICC’s booth during China International Fair for Trade in Services in Beijing By Alexandra Alper WASHINGTON (Reuters) – A debate is raging within the Trump administration over guidance the Treasury Department is seeking to publish to clarify a recent directive banning U.S. investors […]

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Tesla to replace Apartment Investment and Management in the S&P 500 Index

© Reuters. FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors’ showroom in Manhattan’s Meatpacking District in New York City By Saqib Iqbal Ahmed NEW YORK (Reuters) -Apartment Investment and Management Co will be removed from the as of Dec. 21 to make room for the inclusion of Tesla (NASDAQ:) Inc, […]

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