Dec 15 (Reuters) – Canopy Growth led U.S. weed stocks higher in early European trading on Monday, adding to Friday’s rally following reports last week that the United States could soon ease restriction on marijuana. The Washington Post reported on Thursday that Donald Trump was expected to push the government to dramatically loosen federal restrictions, …
Weed stocks higher in Europe as Trump seen pushing looser rules Read More »
Dec 15 (Reuters) – Acciona Energia has reached an agreement with Mexico Infrastructure Partners (MIP) to sell wind and solar assets in the U.S. and Mexico for $1 billion, the Spanish power company said on Monday in a regulatory filing. The agreement includes the sale of a 49% stake in its 1.3GW photovoltaic portfolio in …
Acciona Energia to sell assets to MIP in US and Mexico for $1 billion Read More »
By Yukiko Toyoda and Kentaro Okasaka TOKYO, Dec 15 (Reuters) – Japan needs to take a niche approach to chip manufacturing – rather than trying to compete on scale and price – as it aims to revive its once-mighty chip industry, the chairman of telecom heavyweight NTT told Reuters in an interview. NTT is one …
Japan needs a niche approach to get back in the chip game, NTT chairman says Read More »
Dec 13 (Reuters) – U.S. soft drinks company Coca-Cola’s proposed sale of Costa Coffee is at risk of collapsing, with the company holding last-ditch talks this weekend with private equity firm TDR Capital in an effort to salvage the deal, the Financial Times reported on Saturday, citing people familiar with the matter. TDR was selected …
Coca-Cola holds last-ditch talks in bid to salvage Costa Coffee sale, FT reports Read More »
Dec 15 (Reuters) – Grocery giant Woolworths said on Monday that class action proceedings had been filed against it in Federal Court, alleging potential underpayments to team members in South Australia. The company said that the allegations brought by law firm Shine Lawyers, involving a Woolworths subsidiary, were based on a South Australian state law …
Australia’s Woolworths hit with class action for alleged staff underpayments Read More »
Dec 15 (Reuters) – Australia’s bourse operator ASX said on Monday that it will cut its dividend payout ratio to 75–85% of underlying net profit after tax after the country’s corporate regulator imposed an additional A$150 million ($99.59 million) capital charge. The country’s main stock exchange operator said the payout ratio is also expected to …
ASX cuts dividend payouts after regulator imposes about $100 million additional charge Read More »
Dec 15 (Reuters) – Australia’s Fortescue said on Monday it would buy the remaining 64% of Alta Copper, in a deal implying a total equity value of C$139 million ($101 million) for the Toronto-listed copper miner. Fortescue, through its unit Nascent Exploration, is offering C$1.40 per share in cash for the shares in Alta that …
Australia’s Fortescue to buy remaining stake in Alta Copper, valuing it at $101 million Read More »
By Lewis Krauskopf NEW YORK, Dec 12 (Reuters) – A host of delayed employment, inflation and other data in the coming week will give a long-anticipated view of the U.S. economy that could help guide markets into year-end. U.S. stocks pulled back to end the week, after the benchmark S&P 500 had ended on Thursday …
Investors eager for delayed data to shed light on US economy Read More »
By Julia Harte Dec 13 – When Ron Dailey goes out to eat, he is shocked by prices on the menu. “Breakfast is $20 no matter how you slice it,” said Dailey, 63, who voted for President Donald Trump in November 2024. Dailey, a Denver-area resident who works for a human resources outsourcing solutions firm, …
Pinched by higher prices, many Trump voters say: Don’t blame the president Read More »
By Joey Roulette and Gursimran Mehar Dec 13 (Reuters) – SpaceX is preparing to go public next year and has opened a secondary share sale that would value the company at $800 billion, according to a letter to shareholders sent by the company’s CFO Bret Johnsen and reviewed by Reuters. The Elon Musk-led company’s move …
SpaceX insider share sale sets $800 billion valuation amid possible IPO, letter shows Read More »
