(Reuters) – Optical components maker II-VI Inc has offered to buy laser maker Coherent for about $6.4 billion, entering a bidding war for a larger share of a market tipped to benefit from rising adoption of 5G networks and consumer electronics. Coherent agreed to a $5.7 billion deal with optical fiber specialist and Apple Inc supplier Lumentum Holdings last month, […]
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(Reuters) – South Korean e-commerce giant Coupang Inc, backed by Japan’s SoftBank Group Corp, on Friday filed to go public on the New York Stock Exchange, hoping to cash in on strong demand for high-growth tech stocks as it reported a near-doubling of annual revenue and narrowing losses.Slideshow ( 4 images )Coupang is aiming for a valuation of around $50 […]
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(Reuters) – Wall Street’s main indexes were set to open slightly lower on Friday as energy stocks slipped while investors booked profits after a rally on bets of fiscal stimulus and a vaccine-fueled bounce back in the economy.FILE PHOTO: Traders wearing masks work,on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan […]
Read moreCALGARY, Alberta (Reuters) – ARC Resources Ltd’s C$2.7 billion ($2.1 billion) bid to buy Seven Generations Energy Ltd will create the largest oil and gas producer in Canada’s Montney region, and may re-energize development in one of North America’s top shale plays. The combined company will have more financial strength to develop its 1.1 million net acres of land in […]
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LONDON (Reuters) – World shares dipped on Friday as investors awaited progress towards more U.S. fiscal stimulus, while the dollar was set for a weekly loss and cryptocurrency Bitcoin hit a record high.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 11, 2021. REUTERS/StaffEuropean shares fell at the start of […]
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SINGAPORE/NEW YORK/LONDON (Reuters) – Global oil and fuel prices are picking up as demand returns to pre-pandemic levels amid easing coronavirus lockdowns in key countries like China and India and signs of increasing road travel in several countries.FILE PHOTO: FILE PHOTO: A gas pump at an Arco gas station in San Diego, California, U.S. July 11, 2018. REUTERS/Mike Blake/File Photo/File […]
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Slideshow ( 2 images )SAO PAULO (Reuters) – The Latin American unit of Indian hotel startup Oyo Corp has ended its joint venture with the SoftBank Latin America Fund, less than six months after they struck a partnership in the region, both companies said on Thursday. Oyo’s business in Latin America, known as Oyo Latam, on Wednesday said it was […]
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Shares in Australia and Japan struggled for gains. Major indexes in China, Hong Kong, South Korea, and Singapore are closed for the Lunar New Year holiday. Oil prices fell in the overnight session where OPEC and the International Energy Agency warned about demand recovery being hindered by renewed coronavirus-related lockdowns. SINGAPORE — Shares in Australia and Japan struggled for gains […]
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FILE PHOTO: The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London, London, Britain April 27, 2018. REUTERS/Toby Melville(Reuters) – Britain’s annual economic growth rate could be in double digits a year from now, the Bank of England’s chief economist Andy Haldane wrote […]
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