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Business

Japan’s Chubu Elec to invest in Canadian geothermal venture

By joythumbcom October 31, 2022October 25, 2022

Chubu Electric Power Co Inc (9502.T) said on Friday it would invest up to 5 billion yen ($34 million) in a Canadian geothermal venture, Eavor Technologies Inc, as it moves…

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Business

Carrier Garuda Indonesia’s shareholders approve rights issue plan

By joythumbcom October 30, 2022October 25, 2022

Flag carrier Garuda Indonesia (GIAA.JK) secured on Friday approval from its shareholders to launch a right issue in December to raise up to 14.3 trillion rupiah ($929.48 million), the company…

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Business

Credit Suisse considers Allfunds disposal

By joythumbcom October 29, 2022October 25, 2022

Credit Suisse (CSGN.S) is considering selling its stake in Madrid-based tech company Allfunds (ALLFG.AS) to raise cash, Spanish newspaper Cinco Dias reported on Friday, citing unidentified market sources. The Swiss…

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Business

Turquoise Hill investor SailingStone to vote against Rio’s buyout bid

By joythumbcom October 28, 2022October 25, 2022

SailingStone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources Ltd (TRQ.TO), said on Friday it will vote against Rio Tinto Group's (RIO.AX) bid to buy the company for $3.3…

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Business

Infosys jumps after upbeat forecast, buyback plan

By joythumbcom October 27, 2022October 25, 2022

Shares of India's Infosys Ltd (INFY.NS) jumped to a one-month high on Friday, after it announced a $1.13 billion share buyback plan and raised its revenue growth outlook. Bengaluru-based Infosys…

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Business

Lyft testing new pay algorithm to lure drivers

By joythumbcom October 26, 2022October 25, 2022

Ride-hailing firm Lyft Inc (LYFT.O) said on Tuesday it was testing an earnings algorithm that will allow drivers in 18 U.S. cities to see destination and pay details before accepting…

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Business

Morning Bid: Shaken but not stirred

By joythumbcom October 25, 2022October 25, 2022

A look at the day ahead in European and global markets from Anshuman Daga Red-hot U.S. inflation data briefly rattled global markets before Wall Street made a dramatic recovery on…

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