U.S. to waive sanctions on firm, CEO behind Russia’s Nord Stream 2 pipeline -source

© Reuters. FILE PHOTO: A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal Hanschke/File Photo MOSCOW (Reuters) – Russian officials on Wednesday said Moscow’s fraught ties with Washington could benefit from the waiving of U.S. sanctions on the company in charge of […]

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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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Aerospace firm Motor Sich’s assets, shares frozen by Ukraine court

© Reuters. KYIV (Reuters) – A Ukrainian court has frozen the assets and shares of aerospace company Motor Sich as part of a criminal investigation, the state security service SBU said on Saturday. Chinese aviation firm Skyrizon has sought to buy a controlling stake in the privately held Motor Sich, which builds engines for helicopters […]

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Asian stocks set to firm after Dow hits record

© Reuters. A man is reflected on a stock quotation board in Tokyo By Matt Scuffham NEW YORK (Reuters) – Asian stocks were set to open slightly higher, following Wall Street’s momentum, after a report on U.S. consumer prices calmed concerns about inflation, helping steer the to a record close. {{178|Japan’s Ni added 0.02%. Hong […]

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Electric firm Griddy loses access to Texas grid, customers shifted to rivals

© Reuters. FILE PHOTO: Winter weather caused electricity blackouts in Houston By Gary McWilliams HOUSTON (Reuters) – Texas’s grid operator on Friday shut Griddy Energy LLC’s access to the state’s power network for unpaid bills and shifted its 10,000 customers to other utilities, as new signs of a financial crisis rose after a state-wide blackout. […]

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Dollar holds firm as Treasury yield jumps, spurring rebound

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul By Tommy Wilkes LONDON (Reuters) – The U.S. dollar held onto its recent gains on Tuesday after a spike in U.S. Treasury yields lifted demand for the currency. The dollar had hit a more than 2-1/2-year low […]

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Foley-backed blank-check acquisition firm nears $9 billion Paysafe deal

2/2 © Reuters. FILE PHOTO: NHL: NHL Awards and Expansion Draft 2/2 By David French NEW YORK (Reuters) – A blank-check acquisition firm backed by veteran investor Bill Foley is nearing a deal to merge with Paysafe, valuing the payments company at around $ 9 billion, including debt, people familiar with the matter said on […]

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Autodesk acquires architect software firm Spacemaker for $240 million

By Stephen Nellis (Reuters) – Autodesk Inc (O:) on Tuesday said it acquired Spacemaker, a Norwegian firm whose software is used by architects to create and evaluate buildings or urban developments, for $ 240 million. San Rafael, California-based Autodesk is a major supplier of the three-dimensional design software that architects use to create structures. Oslo-based […]

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Cable buyers still in search of a firm daily break above 1.3100 to start the week

GBP/USD holds a little above 1.3100 but buyers have failed to keep a break above the figure level into the close three times since last week Will this time be any different? For now, it is hard to see that materialise unless there is significant weakness in the dollar in the sessions ahead. Cable buyers […]

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