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…
Category: Business

Carrier Garuda Indonesia’s shareholders approve rights issue plan
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…

Credit Suisse considers Allfunds disposal
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…

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

Infosys jumps after upbeat forecast, buyback plan
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…

Lyft testing new pay algorithm to lure drivers
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…

Morning Bid: Shaken but not stirred
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…