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Brazil’s Ambipar taps BR Partners as financial adviser as leverage concerns grow

By Luciana Magalhaes SAO PAULO (Reuters) – Brazilian waste management firm Ambipar has hired financial institution BR Partners as an adviser, it said on Tuesday, amid growing concerns about the company’s leverage ratio.  Ambipar did not give additional information about its motive in hiring BR Partners, which declined to comment. A source with knowledge of the …

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ECB says EU going too far in easing bank securitisation rules

FRANKFURT (Reuters) -The European Commission is going too far in easing securitisation rules for banks, particularly for more complex and potentially riskier transactions, European Central Bank supervisor Pedro Machado said on Tuesday. Securitisations, whereby a bank packages loans to companies or households and sells them to investors as securities, were at the heart of the …

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Mexican board member of Sabadell accepts BBVA’s bid; board tells investors to reject bid

By Jesús Aguado MADRID (Reuters) -Sabadell board member and third-largest shareholder David Martinez will accept BBVA’s improved hostile takeover offer, he said on Tuesday, boosting the prospect of the bigger Spanish bank taking over its smaller rival. A combined entity would become one of the largest lenders in Europe, with about 1 trillion euros by …

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Meta to buy chip startup Rivos for AI effort, source says

By Jeffrey Dastin and Krystal Hu (Reuters) -Meta is acquiring the chip startup Rivos, a source familiar with the matter told Reuters on Tuesday, as the social media company looks to bolster its in-house semiconductor efforts. The Santa Clara, California-based startup, which is backed by Intel CEO Lip-Bu Tan, is focused on designing chips based …

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ASML’s Mistral investment could augur more European tech collaborations, Le Maire says

By Michel Rose and Florence Loeve PARIS (Reuters) -Dutch chip-equipment maker ASML’s 1.3 billion euro ($1.5 billion) investment in French startup Mistral AI could be the start of more consolidation in the fragmented European tech ecosystem, former French Finance Minister Bruno Le Maire said. Le Maire, who left French politics in July last year after …

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Thames Water creditors to pledge no sale before 2030, Sky News reports

(Reuters) -Some creditors of Thames Water will pledge to retain their ownership in the struggling British utility until 2030 as part of a rescue plan, Sky News reported on Tuesday. Earlier this month, the creditor group — named London & Valley Water and comprising 15 institutions including Aberdeen Investments, Elliott, PIMCO and Silverpoint Capital — …

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UK’s Reeves to scrap two-child cap on benefits payments, the Guardian reports

LIVERPOOL (Reuters) -Britain’s finance minister Rachel Reeves plans to scrap a two-child limit on welfare payments to parents in her November 26 budget, the Guardian newspaper reported on Tuesday. The budget is set to be a crucial moment in what has been a difficult start to Labour’s time in government following the party’s landslide election …

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UK watchdog recommends new post-Brexit framework for tech licensing rules

LONDON (Reuters) -Britain’s competition regulator has recommended replacing a legacy EU-era exemption for technology licensing agreements with a UK-specific framework, in a move aimed at modernising post-Brexit competition rules. The Competition and Markets Authority said on Tuesday it had advised the government to scrap the Assimilated Technology Transfer Block Exemption Regulation (TTBER), which is due …

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France’s Orano says 1,500 tons uranium stockpiled at seized Niger site

By Maxwell Akalaare Adombila DAKAR (Reuters) -French nuclear group Orano has said 1,500 metric tons of uranium are stockpiled at its expropriated SOMAIR mine in northern Niger, and that it will seek compensation and pursue criminal charges if the material is seized or sold without authorisation. A source at the mine said Niger had not …

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