RIYADH - Alat, a Public Investment Fund (PIF) company, and Carrier Global Corporation (NYSE: NYSE:CARR), have announced a partnership to establish a state-of-the-art manufacturing and R&D center in Saudi Arabia. This facility is set to produce advanced heating, ventilation, and air conditioning (HVAC) solutions to meet the demands of the Kingdom\'s Giga projects like NEOM,...
By Nell Mackenzie LONDON (Reuters) -World shares struggled to climb on Monday after the chances of early interest rate cuts globally receded and Chinese markets recorded modest gains on their return from the lunar new year break. A holiday for U.S. markets made for thin trading, and results from AI star Nvidia (NASDAQ:NVDA) on Wednesday...
By Sarah Young LONDON (Reuters) - Currys shares soared on Monday after Chinese online retailer JD (NASDAQ:JD).com joined U.S. activist investor Elliott Advisors in a battle to buy the British electricals group, which has already rejected Elliott\'s opening bid of $880 million. Currys stock jumped as much as 38% to 65 pence after JD.com confirmed...
On Monday, UBS raised its rating on shares of China International Marine Containers (SHE:000039), shifting from Neutral to Buy. The firm also increased the price target to RMB11.00, up from the previous RMB7.20. The upgrade comes with a positive outlook on the company\'s financial performance, anticipating a net profit increase of 2% for 2024 and...
By Alexander Hübner and Emma-Victoria Farr MUNICH (Reuters) - Munich is starting to steal some of German financial hub Frankfurt\'s limelight as foreign banks flock to the southern city, which on a clear day has views of the Bavarian Alps. The appeal lies in Munich\'s high proportion of DAX companies and tech start-ups, large insurers...
MOSCOW (Reuters) -Russian President Vladimir Putin gave approval on Monday for HSBC to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself from the Russian market after months of negotiations. HSBC said in June 2022 that it had agreed to sell a 100% stake in the unit,...
Capital One Financial (NYSE:COF) said on late-Monday that it will acquire credit card company Discover Financial Services (NYSE:DFS) in an all-stock, $35 billion deal, marking one of this year\'s largest deals and Capital One\'s largest deal in its history. Capital One will give Discovery shareholders 1.0192 shares for each share in Discover, representing a per-share...
(Reuters) -U.S. asset manager Davidson Kempner, owner of Britain\'s Oak Furnitureland, is in discussions with British fashion retailer Superdry co-founder Julian Dunkerton about backing an offer for the clothing company, Sky News reported on Monday, without citing a source. The talks are at a preliminary stage and there is no guarantee that Davidson Kempner will...
On Monday, Stifel maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) and increased its price target to $865 from the previous $665. The adjustment comes as the company prepares to report its fourth-quarter earnings for fiscal year 2024 after the market closes on Wednesday, February 21. The firm\'s analyst points to various factors supporting robust...
WALTHAM, Mass. - Evolv Technology (NASDAQ: EVLV), a company specializing in AI-based weapons detection systems, disclosed today that it is the subject of a Securities and Exchange Commission (SEC) investigation. The SEC\'s inquiry, which began on Friday, February 16, 2024, is described as a confidential and non-public fact-finding mission. The SEC has clarified that this...