Deals - Shore News Network

US says to open Vanuatu embassy ‘imminently’, warns of China deals

ReutersMarch 14, 20240

By David Brunnstrom WASHINGTON (Reuters) – The United States will open an embassy in Vanuatu “imminently” and is working to get the approval of the parliament in Kiribati for a mission, the top U.S. diplomat for East Asia said on Thursday, while reiterating warnings to Pacific Island countries of the dangers of agreements with China. Washington has been working to boost its diplomatic presence in the Pacific to counter growing competition for influence there from China, its main strategic rival. Daniel Kritenbrink, Assistant Secretary of State for East Asian and Pacific Affairs, told the Senate Foreign Relations Committee the U.S.

IMF says Sri Lanka still needs deals with official and external private creditors

ReutersJanuary 19, 20240

By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – The International Monetary Fund said it remains critical for Sri Lanka to swiftly reach final agreements with its official lenders and reach a deal with external private creditors, after concluding a staff visit to the island nation on Friday. Having received a $2.9 billion bailout loan agreement from the Fund, the South Asian country is on the path to recovery from its worst financial crisis in seven decades, it said. “The economic reform program implemented by the Sri Lankan authorities is yielding the first signs of recovery,” IMF said in a

India’s Tamil Nadu in $4.4 billion deals with investors such as Tata, Pegatron

ReutersJanuary 7, 20240

By Praveen Paramasivam CHENNAI (Reuters) -India’s southern state of Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday. Apple is counting on India as the next big driver of its growth as the tech giant looks to diversify some production away from China, with Pegatron working towards a second factory in the country where Tata Group last year began to assemble iPhones. Tata Electronics, a part of the Indian conglomerate, committed to invest 120.8 billion rupees for

Apple explores AI deals with news publishers – New York Times

ReutersDecember 22, 20230

(Reuters) – Apple has opened negotiations in recent weeks with major news and publishing organizations, seeking permission to use their material in the company’s development of generative artificial intelligence systems, the New York Times reported on Friday. The iPhone maker has floated multiyear deals worth at least $50 million to license the archives of news articles, according to the report, which cited people familiar with the discussions. The news organizations contacted by Apple include Condé Nast, publisher of Vogue and the New Yorker; NBC News; and IAC, which owns People, the Daily Beast and Better Homes and Gardens, the New

United States’ Nvidia set to discuss chip deals in Vietnam next week

ReutersDecember 8, 20230

By Phuong Nguyen HANOI (Reuters) – U.S. chip giant Nvidia will discuss cooperation deals on semiconductors with Vietnamese tech companies and authorities in a meeting on Monday in Hanoi, an invitation letter to participants seen by Reuters showed. The southeast Asian country, which is home to large chip assembling factories including Intel’s biggest globally, is trying to expand into chip designing and possibly chip-making as trade tensions between the United States and China create opportunities for Vietnam in the strategic industry. Jensen Huang, president and chief executive of Nvidia, will on Monday meet representatives from the Vietnamese government and Vietnamese

EU-Mercosur deal’s future up to new Argentina government -sources

ReutersDecember 2, 20230

By Anthony Boadle BRASILIA (Reuters) – The European Union and Mercosur will not be able to close their free trade negotiations next week because Argentina’s incoming government has to approve the outstanding issues, Brazilian officials and diplomats said on Saturday. “Given the transition in Argentina, we are handing the subject to the new government, which has indicated they want a deal,” the Brazilian foreign ministry spokesman said. A European official with knowledge of the talks said Argentina was no longer open to finalizing the deal on Mercosur. Argentina elected right-wing libertarian Javier Milei as its new president on Nov. 19,

Phil Murphy on Wife Running For U.S. Senate: I’m Not Making Any Deals

Phil StiltonNovember 20, 20230

TRENTON, NJ – New Jersey Governor Phil Murphy is under fire from all sides after his wife Tammy announced she was running for U.S. Senate last week. Rumors of political deal-making and backroom agreements abound as the influential governor was accused of clearing the field, and a path for his wife to become the Democrat party’s nominee for U.S. Senate in 2024. Murphy is running against indicted U.S. Senator Robert Menendez and farl-left New Jersey Congressman Andy Kim. “I’m not making any deals, number 1,” Murphy said at a press conference in New Brunswick. “Number 2, I think that’s flat

New Jersey Shoppers Warned That Not All Black Friday Deals Are What They Seem

Jessica WoodsNovember 20, 20230

TRENTON, NJ – As we are now on the brink of Black Friday this week, one consumer watchdog group says shoppers should be on the alert for deals that aren’t really deals on the big day. Amid the fervor of Black Friday shopping, a recent study by WalletHub reveals that not all discounts are as advantageous as they seem. The study, focusing on the price variations of items before and during Black Friday, indicates that 35% of products do not offer any real savings compared to their prices before the event. WalletHub suggests that Black Friday shoppers should also check

Emirates, Ethiopian edge towards Airbus deals after Dubai talks

ReutersNovember 15, 20230

DUBAI (Reuters) – Emirates moved closer on Wednesday towards a potential agreement to buy dozens of Airbus A350-1000 jets after narrowing differences over performance and guarantees in talks with engine maker Rolls-Royce, industry sources said. Ethiopian Airlines was set to announce an order for around 10 of the smaller A350-900 after talks with Rolls-Royce at the Dubai Airshow that focused on service pricing, they said. None of the companies had any immediate comment. (Reporting by Alexander Cornwell, Pesha Magid, Editing by Tim Hepher)

Analysis-As Aussie magnates gatecrash lithium deals, bankers get creative

ReutersNovember 15, 20230

By Melanie Burton MELBOURNE (Reuters) – Australian mining moguls who have gatecrashed the country’s recent international lithium deals have pushed bankers into trying fresh measures to fend off interlopers unwilling to pay the full price for their target. Australia’s vast lithium deposits needed for batteries for electric vehicles and the energy transition are drawing interest from global chemicals makers but local mining moguls Gina Rinehart, the country’s richest person, and Chris Ellison have already thwarted two deals and threaten another. While Rinehart’s Hancock Prospecting and Ellison’s Mineral Resources have refrained from full takeovers of the companies in the local lithium

We are on the ‘right path’ for trade deals at next major meeting -WTO chief

ReutersOctober 24, 20230

GENEVA (Reuters) – The head of the World Trade Organization on Tuesday voiced optimism that trade deals could be reached at the next major ministerial meeting in February 2024. More than 1,000 trade officials are meeting in Geneva this week to try to advance negotiations ahead of a meeting in the United Arab Emirates next year where deals are being sought on fisheries and WTO reforms, among other topics. “All in all it was a positive meeting. Dare I say it lifted my spirits that we are on the right path to achieving the deliverables,” WTO Director-General Ngozi Okonjo-Iweala told

Oil traders race to negotiate deals after US eases Venezuela sanctions

ReutersOctober 24, 20230

By Marianna Parraga, Laura Sanicola and Arathy Somasekhar HOUSTON (Reuters) – Global energy traders are emerging as early buyers of Venezuela’s stocks of crude and fuel oil following last week’s easing of U.S. energy sanctions, according to people familiar with the matter. U.S. sanctions that were in place on Venezuela since 2019 largely blocked state-run oil company PDVSA from exporting to its chosen markets. That changed last week, but Washington’s six-month relaxation of the measures is too limited to spur new crude production. It has offered a tantalizing opening for spot sales by PDVSA and the reactivation of some supply

Analysis-Mega transatlantic oil mergers less likely after Exxon, Chevron deals

ReutersOctober 23, 20230

By Ron Bousso LONDON (Reuters) – The prospect of Exxon Mobil or Chevron buying European majors has receded after the two leading U.S. oil companies announced major acquisitions focused on the Americas this month, investors said. Speculation that Chevron and Exxon might try to buy rivals BP and Shell intensified over the last two years as the European majors underperformed their U.S. rivals. Investors punished the European companies for their pivot towards renewables and low carbon energy while rewarding the U.S. companies’ focus on oil and gas production that drove record profits last year. The oil industry last went through

Airbus lands $1.27 billion French air tanker upgrade, service deals

ReutersOctober 23, 20230

(Reuters) -Airbus said on Monday it had signed two contracts valued at 1.2 billion euros ($1.27 billion) to provide capability enhancement and in-service support of France’s fleet of A330 MRTTs (Multi Role Tanker Transports). The world’s biggest planemaker said in a statement it had struck the deals with France’s Directorate General of Armaments (DGA) and Directorate of Aeronautic Maintenance (DMAe). “We are honoured to contribute to one of France’s most strategic capabilities,” said Jean-Brice Dumont, Head of Military Air Systems at Airbus Defence and Space. The programme will convert the French A330 MRTT into a high bandwidth communication relay node,

Georgia Prosecutor Is Offering Plea Deals To Trump Co-Defendants To Bag The ‘Real Target,’ Experts Say

The Daily CallerOctober 22, 20230

Georgia Prosecutor Is Offering Plea Deals To Trump Co-Defendants To Bag The ‘Real Target,’ Experts Say Katelynn Richardson on October 21, 2023 Fulton County District Attorney Fani Willis avoided the strategic disadvantage of having to preview her case against former President Donald Trump when two co-defendants accepted last-minute plea deals ahead of their scheduled trial this week, legal experts told the Daily Caller News Foundation. Attorneys Sidney Powell and Kenneth Chesebro, the two co-defendants in Trump’s Georgia 2020 election case who requested speedy trials that were scheduled to start Monday, accepted plea deals on Thursday and Friday, respectively, halting a

Amazon, Walmart court early holiday shoppers in US with limited-time deals

ReutersOctober 10, 20230

By Arriana McLymore NEW YORK (Reuters) – Amazon, Walmart, Target and other large retailers launched U.S. sales on Monday and Tuesday, dangling discounts on narrow selections of merchandise more than six weeks before Black Friday, one of the biggest shopping days of the year. Total sales of merchandise between November and January is expected to rise by 3.5% to 4.6%, reaching $1.54 trillion to $1.56 trillion, according to Deloitte. In recent years, retailers like Amazon and Walmart have sought to boost their bottom lines and spread out demand by hosting holiday shopping events online in early October. With its Prime

Ackman’s SPARC is seeking new deals with private companies

ReutersOctober 1, 20230

(Reuters) – Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from U.S regulators for distributing special purpose acquisition rights. The SPARC, an affiliate of billionaire investor Bill Ackman’s Pershing Square Tontine Holdings Ltd, is targeting companies that seek to raise a minimum of $1.5 billion of capital, it said in a regulatory filing on Friday. Ackman’s SPARC is a variation of a special purpose acquisition company (SPAC), the market for which has cooled since its peak in 2021 as investors nursed losses on many deals. Ackman, in an interview

Qualcomm enters new Wi-Fi router market in deals with Charter, EE

ReutersSeptember 20, 20230

By Stephen Nellis (Reuters) – Qualcomm on Wednesday said it was getting into a new market for Wi-Fi routers and that Charter Communications and the UK’s EE will be among its first customers. San Diego, California-based Qualcomm is the world’s biggest supplier of the chips that help mobile phones connect to cellular data networks, but it has also long had a business selling Wi-Fi chips for consumer Wi-Fi routers. The company said Wednesday it is getting into a new segment of that market by selling what are known as gateways, a device often supplied by broadband carriers where a physical

Goldman Sachs raises over $15 billion for secondary private equity deals

ReutersSeptember 20, 20230

By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs’ asset management arm said two funds have closed, raising more than $15 billion for funds that enable investors to make secondary investments in existing private equity (PE) deals. Goldman Sachs Asset Management’s “Vintage IX” fund raised $14.2 billion, exceeding its target of $12 billion, from institutional investors, wealthy clients and bank employees, it said in a statement on Wednesday. The inaugural Vintage Infrastructure Partners separately raised about $1 billion, it said. “What we do in our secondaries business is really go in and provide liquidity to investors in these funds, who

UK pay deals lose more steam as Bank of England meets on rates

ReutersSeptember 19, 20230

LONDON (Reuters) – Pay deals awarded by British employers lost more of their inflationary heat, according to data published on Wednesday, a day before the Bank of England announces whether it is raising borrowing costs again to rein in price growth. Increases in basic pay deals fell to a median 5% in the three months to the end of August compared with the same period in 2022, human resources data provider XpertHR said. That represented a slowdown from a rise of 5.4% in the three months to July which was the first fall in 2023. “This month’s data reinforces the

Australian pension fund chief bullish on private equity, debt deals

ReutersSeptember 19, 20230

By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – The next 18 months is an ideal time for unlisted asset deals, said the head of one of Australia’s largest pension funds, as meaty returns for once-low yielding investments like bonds or cash force private dealmakers to offer buyers better terms. Dealmakers had bargaining power during years of low interest rates when investors would bid aggressively for any chance at yield, according to John Pearce, chief investment officer of UniSuper, which manages more than A$120 billion ($77 billion). But when UniSuper can get a return of almost 7% from relatively safe

US junk debt deals carry higher guardrails for investors

ReutersSeptember 15, 20230

By Matt Tracy (Reuters) – U.S. junk-bond offerings have spiked in recent weeks on the back of strong demand from investors looking to boost their returns buying the risky yet high-yielding debt. But that demand is coming with a touch of caution: Unlike recent years, investors are asking for more protection through financial covenants and collateral in new bond offerings, analysts and investors said. Twelve high-yield issuers have raised $9.6 billion this week, making it the busiest week since November 2021, according to JPMorgan. Of this, some 55% comprised bonds secured by a company’s assets. Of a total $121 billion

Factbox-US, Vietnam reach deals on planes, tech and human rights as Biden visits

ReutersSeptember 10, 20230

HANOI (Reuters) – The United States and Vietnam announced new deals and partnerships as U.S. President Joe Biden visited Hanoi on Sunday including billions of dollars in plane orders, heightened human rights discussions, digital economy education and semiconductor design centers. Here are the highlights: BOEING AND VIETNAM AIR Vietnam Airlines has agreed to buy about 50 Boeing 737 Max jets in a deal valued at about $7.5 billion. The deal will support “over 33,000 direct and indirect jobs” in the U.S., the White House said in a statement. AMKOR, MARVELL, SYNOPSIS INVEST IN VIETNAM Arizona’s Amkor Technology will start operations

Most Americans, Even in New Jersey Think Joe Biden Involved in Hunter’s Business Deals

Conservative TimesSeptember 7, 20230

TRENTON, NJ – A poll conducted by CNN found that most Americans believe President Joe Biden was involved in the illegal and controversial business dealings of his son Hunter. The poll results come after the network has denied for years that the Biden’s family business was anything but a far-right-wing conspiracy theory. It turns out, that even Democrats believe it. Even those in blue-leaning states like New Jersey. A new CNN poll conducted by SSRS shows that a majority of Americans believe President Joe Biden had some level of involvement in his son Hunter Biden’s business activities in Ukraine and

Israeli ban on Gaza exports deals blow to long-suffering economy

ReutersSeptember 5, 20230

By Nidal al-Mughrabi GAZA (Reuters) – Palestinians demanded on Tuesday that Israel lift a ban on exports from the Gaza Strip imposed over what Israel called an attempt to smuggle explosives, saying it would hit thousands of families and ruin precarious livelihoods in the blockaded enclave. Israel said on Monday it was temporarily stopping commercial goods from leaving Gaza after inspectors found several kilograms of “high-quality explosives” in a shipment, hidden in the lining of clothes. At the beachfront Al-Bahar (The Sailor) restaurant and fish farm, owner Mohammad Al-Hajj said he used to export 20 tons of fish per week