FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

Nov 23 (Reuters) – The U.S. Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s … Read more

Canada commits C$970 million to new nuclear power technology

Canada commits C0 million to new nuclear power technology

OTTAWA, Oct 25 (Reuters) – Canada will provide C$970 million ($708 million) in financing to develop a grid-scale small modular reactor (SMR), a new nuclear technology touted as a key part of the country’s plans to reduce emissions, Natural Resources Minister Jonathan Wilkinson said on Tuesday. The project, which is being developed by utility Ontario … Read more

Exclusive: Toyota scrambles for EV reboot with eye on Tesla

Exclusive: Toyota scrambles for EV reboot with eye on Tesla

Oct 24 (Reuters) – Toyota (7203.T) is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said. The proposals under review, if adopted, would amount to a … Read more

Exclusive: Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’

Exclusive: Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’

HOUSTON, Oct 17 (Reuters) – Exxon Mobil Corp (XOM.N) said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project . Exxon did not say if it received any compensation for the assets, … Read more

Toshiba shares jump on report of possible $19 bln buyout

Toshiba shares jump on report of possible  bln buyout

TOKYO, Oct 13 (Reuters) – Shares in Toshiba Corp (6502.T) on Thursday surged on a report that a domestic investor-led group was looking at a $19 billion bid – a potential deal that would likely lead to foreign activist shareholders being bought out after years of tension. A consortium led by private equity firm Japan … Read more

Microsoft says UK influenced by Sony in probing Activision Blizzard deal

Microsoft says UK influenced by Sony in probing Activision Blizzard deal

LONDON, Oct 12 (Reuters) – Microsoft (MSFT.O) said Britain’s competition regulator had relied on objections from its rival Sony (6758.T) in referring its $69 billion Activision Blizzard deal to an in-depth inquiry, in particular “misplaced ‚Äúconcerns about ‘Call of Duty’. The Competition and Markets Authority (CMA) said last month that the acquisition could harm competition … Read more

Morning Bid: China back for dollar thwack

Morning Bid: China back for dollar thwack

Oct 10 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The dollar wrecking ball is swinging its way through world markets again, after a solid US jobs report strengthened the view that the Fed will deliver a fourth consecutive 75 basis-point rate hike at its next meeting. Wall Street … Read more

GM outsells Toyota in US as industry worries about inflation

GM outsells Toyota in US as industry worries about inflation

Oct 3 (Reuters) – General Motors Co (GM.N) outsold Japanese automaker Toyota Motor Corp (7203.T) in the United States in the third quarter, data on Monday showed, but analysts and investors are fretting that a darkening economic picture will lead to a drop in car sales. Thus far, a shortage of cars due to supply … Read more

US VP Harris condemns ‘disturbing’ Chinese actions

US VP Harris condemns ‘disturbing’ Chinese actions

YOKOSUKA, Japan, Sept 28 (Reuters) – US Vice President Kamala Harris condemned on Wednesday “disturbing” actions by China in the Pacific while pledging to deepen “unofficial ties” with Taiwan, days after the US administration pledged its forces would defend the island . Harris made her remarks on the deck on the USS Howard destroyer during … Read more

Sterling crumbles to record low, dollar soars on UK fiscal angst

Sterling crumbles to record low, dollar soars on UK fiscal angst

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new government’s economic plan will stretch Britain’s finances to the … Read more