Technology
Reuters exclusively reported[1] that Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train models and keep up with user demand.
DealsEnergy
Reuters exclusively reported[1] that Siemens Energy had secured a provisional deal for around 15 billion euros in project-related guarantees from the German government, Siemens AG and commercial banks, marking a breakthrough for the energy equipment maker after weeks of intense discussions.
Shares in Siemens Energy rose 8% on the Reuters report, while Siemens AG, which still holds a 25.1% stake in the former division, also advanced 2.4%. The issue around guarantees has been a major concern for investors fearing that Siemens Energy could lose business as a result.
Article Tags
Topics of Interest: DealsEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Deals
Reuters exclusively reported[1] that Telecom Italia (TIM) (TLIT.MI) on Sunday approved the 19-billion-euro ($20 billion) sale of its fixed-line network to U.S. private equity firm KKR (KKR.N), becoming the first telecoms group in a major European country to part ways with its landline grid.
To oversee an asset deemed of national strategic importance, Italy’s government has authorised the Treasury to spend up to 2.2 billion euros to take a 20% stake in the network alongside KKR, which is already a minority investor in the grid. The Treasury already controls TIM’s second-largest investor, state lender CDP.
Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Telecommunications
Regions: Europe
Countries: Italy
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Business & FinanceDeals
Reuters exclusively reported[1] that Activist investor Elliott Investment Management has built a stake in BioMarin Pharmaceutical (BMRN.O) and has been in discussions with the biotechnology company for months about its future. The
EconomyGovernment
Reuters exclusively reported[1] China’s attempts to keep the yuan from falling contributed to last week’s chaos in money markets, pointing to the pressure behind the scenes as Beijing tries to guide its economy and markets through a major
Deals
Reuters was first to report[1] China’s largest single-day soybean purchase this year, as logistical troubles in Brazil make U.S. soybeans more attractive to the world’s largest importer of the valuable cash crop. The report, citing traders, that Chinese importers bought around 10 cargoes of soybeans, or about 600,000 metric tons, for shipment from U.S. Gulf Coast and Pacific Northwest export terminals sent soybean future prices higher in overnight trading on Tuesday.
The sales would be a relief to U.S. farmers, who have seen Brazil dominate the global export market for soy as well as corn for longer than normal this year. If confirmed, Tuesday’s sales would be the largest single-day soybean purchases by the world’s top soy importer since late July, according to U.S. Department of Agriculture (USDA) daily sales data. High U.S. prices due to barge shipping disruptions and stiff export market competition from Brazil, which harvested a record soy crop this year, have hampered U.S. sales in the season so far. Confirmed sales to China as of late October were down 35% from a year ago, and sales to all destinations were down 28%. The USDA is currently projecting a 12% year-on-year export decline.
Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Food & Beverage
Regions: AmericasAsia
Countries: ChinaUS
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
DealsGovernmentHealth
Reuters was first to report[1] that U.S. health insurer Cigna Group (CI.N) is exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and older, a move that would mark a