Category: sources
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Exclusive-UBS urges Swiss government to clarify capital demands, sources say By Reuters
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Written by Stefania Spezati and Oliver Hurt ZURICH (Reuters) – UBS is pressing the Swiss government to clarify how much capital the bank will need to retain capital after buying Credit Suisse, sources familiar with the matter said, amid fears that talks could drag on for several months, worrying investors.…
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India digital currency transactions slump after reaching initial central bank target, sources say By Reuters
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Written by Jaspreet Kalra MUMBAI (Reuters) – Use of India’s digital currency, the e-rupee, has fallen to a tenth of its December peak, four sources said, reflecting the difficulties many countries have faced trying to rally public support for digital currencies. The Reserve Bank of India began a pilot of…
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OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say By Reuters
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Written by Crystal Ho and Akash Sriram (Reuters) – Microsoft-backed OpenAI said on Friday it has acquired database search and analysis startup Rockset to provide better infrastructure for its enterprise products. The companies did not disclose the size of the deal. OpenAI used its shares to buy the company in…
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Exclusive-Boeing nearing deal with supplier Spirit Aero after months of talks, sources say By Reuters
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Written by Mike Stone, Alison Lambert, and Tim Heffer (Reuters) – Boeing Co (NYSE:) is close to reaching an agreement to buy back Spirit AeroSystems (NYSE:) after its former subsidiary made a breakthrough in separate talks with Airbus over the breakup of the troubled transatlantic supplier, people familiar with the…
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Exclusive-MediaTek designs Arm-based chip for Microsoft’s AI laptops, say sources By Reuters
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Written by Max A. Cherny TAIPEI/SAN FRANCISCO (Reuters) – Taiwanese chip design giant MediaTek is developing an Arm-based personal computer chip that will power Microsoft Corp’s (NASDAQ:) Windows operating system, according to three people familiar with the matter. Last month, Microsoft unveiled a new generation of laptops featuring chips designed…
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Exclusive-Japan spot work startup Timee targets July listing, sources say By Reuters
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Written by Sam Nosi and Miho Oranaka TOKYO (Reuters) – Japanese startup Timee, which operates a platform that connects workers looking for side gigs with labor-strapped companies, is targeting a July listing in Tokyo, two people familiar with the matter said. The startup, founded in 2017, aims for a valuation…
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Exclusive-Apollo, Kyndryl in bid for DXC Technology, sources say By Reuters
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Written by Greg Roumeliotis and Milana Finn (Reuters) – Acquisition company Apollo Global and Kendrell Holdings, an information technology services provider that has been spun off… IBM (NYSE:) is in talks about a joint bid for DXC Technology (NYSE:), people familiar with the matter said Monday. Apollo and Kendrell discussed…
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Exclusive-TikTok preparing a US copy of the app’s core algorithm, sources say By Reuters
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Written by Crystal Ho and Sheila Dang (Reuters) – TikTok is working to clone its recommendation algorithm for its 170 million American users, which could lead to a version that operates independently of its Chinese parent company and is more palatable to U.S. lawmakers who want to ban it, according…
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Stellantis to announce Italy-produced hybrid version of 500 EV, sources say By Reuters
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MILAN (Reuters) – Fiat owner Stellantis (NYSE:) is expected to announce on Monday a hybrid version of its 500e small electric car that will be produced at its Mirafiori plant in Italy, two sources familiar with the matter said, confirming a report from Automotive. europe news. The announcement is expected…
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Exclusive-KKR set for unconditional EU antitrust okay for Telecom Italia deal, sources say By Reuters
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Written by Fu Yunqi and Elvira Pollina BRUSSELS/MILAN (Reuters) – U.S. investment firm KKR is expected to receive unconditional European Union antitrust approval for the purchase. Telecom Italia (BIT:) Fixed Line Network (TIM) after agreeing to maintain commercial agreements with TIM’s rivals, people with direct knowledge of the matter said.…
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KKR to buy India’s Healthium Medtech at $839 million valuation, sources say By Reuters
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MUMBAI/BENGALURU (Reuters) – Global investment firm KKR will buy Indian medical device maker Healthium Medtech from UK-based Apax Partners in a deal that three sources familiar with the matter say is worth 70 billion rupees ($838.60 million). Helthium and Apax did not immediately respond to Reuters’ requests for comment, while…