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☆ Chipmaker Intel soars on signs of PC market recovery
▼ + stars: | 2023-10-27 | by ( Samrhitha A | ) www.reuters.com time to read: +3 min

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Bernstein analyst Stacy Rasgon said Intel's "AI story still seems marginal" and the "datacenter performance continues to suffer from significant headwinds". The company is under heavy pressure in the data center chip market from Nvidia, whose graphic processing units are used for training artificial intelligence models. Sales at Intel's data center business, which also houses its AI chip division, dropped 10%.

Persons: Dado Ruvic, Bernstein, Pat Gelsinger, Taiwan's TSMC, Gelsinger, Logan Purk, Edward Jones, Stacy Rasgon, Gaudi, Samrhitha, Shounak Dasgupta Organizations: REUTERS, Intel, AMD, Nvidia, Reuters, Thomson Locations: chipmaking, Bengaluru

☆ Intel forecasts fourth-quarter revenue above expectations
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOct 26 (Reuters) - Intel (INTC.O) forecast fourth-quarter revenue above Wall Street estimates on Thursday, optimistic of a healthy rebound in client orders for its chips after a several-quarters-long inventory buildup in the PC market eased. The company forecast adjusted current-quarter revenue in the range of about $14.6 billion to $15.6 billion, compared with an estimate of $14.35 billion, according to LSEG data. The company expects adjusted profit per share to be about 44 cents, beating an estimate of 32 cents. Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, chipmaker, Canalys, Chavi Mehta, Krishna Chandra Organizations: REUTERS, Intel, Taiwan Semiconductor Manufacturing, Thomson Locations: Santa Clara , California, Bengaluru

Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 26 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has eight to 10 filings of possible exchange-traded products for bitcoin in front of it for consideration, SEC Chair Gary Gensler said Thursday. Bitcoin has rallied this week on speculation that SEC approval is imminent for a spot bitcoin exchange-traded fund (ETF) - seen as a driver of demand because it would allow investors to obtain direct exposure to the cryptocurrency via an exchange-listed product. To date, the SEC has approved only ETFs tied to bitcoin futures contracts. Anticipation around spot ETFs has been rising after the SEC opted not to appeal a court ruling it had been wrong to reject an application from Grayscale Investments to convert its existing bitcoin trust into a spot bitcoin ETF.

Persons: Dado Ruvic, Gary Gensler, Bitcoin, I'm, Gensler, Jan, Douglas Gillison, Megan Davies, David Holmes Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, BlackRock, Fidelity, Thomson Locations: U.S

☆ ECB clears 2.5 billion UniCredit share buyback tranche
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

Unicredit Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Oct 26 (Reuters) - The European Central Bank (ECB) has given the green light for UniCredit (CRDI.MI) to buy back an initial tranche of shares up to a value of 2.5 billion euros ($2.6 billion), the Italian bank said in a statement on Thursday. UniCredit intends to distribute a minimum of 6.5 billion euros to its shareholders this year via dividends and buybacks. UniCredit this week beat third-quarter profit forecasts and kept its full-year income goal unchanged. ($1 = 0.9495 euros)Writing by Keith Weir, editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, UniCredit, Keith Weir, Alvise Organizations: REUTERS, European Central Bank, Thomson

☆ Europe’s oil majors are stuck as M&A party-poopers
▼ + stars: | 2023-10-26 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

Oil pump jack is seen in front of displayed U.S. dollar banknote and decreasing stock graph in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Oct 26 (Reuters Breakingviews) - Back in June the boss of $220 billion UK oil major Shell (SHEL.L), Wael Sawan, told investors mergers and acquisitions were not his priority. The decision of $430 billion Exxon Mobil (XOM.N) and $295 billion Chevron (CVX.N) to acquire $60 billion Pioneer Natural Resources (PXD.N) and $53 billion Hess (HES.N) respectively ought to change the game. But it would remain a stretch for either to ape their U.S. peers and buy a big oil group. Hess investors will receive 1.025 shares of Chevron for each share held, worth $171 per share based on the closing price on Oct. 20.

Persons: Dado Ruvic, Wael Sawan, Hess, Murray Auchincloss, Patrick Pouyanné, ’, Shell, Neste, Warren Buffett’s, Pouyanné, George Hay, Streisand Neto Organizations: REUTERS, Reuters, Exxon Mobil, Chevron, Natural Resources, Exxon, Shell, Occidental Petroleum, Exxon Mobil’s, Thomson Locations: Finnish, Denmark, U.S, Occidental

With a population of more than 270 million, Indonesia generated nearly $52 billion in e-commerce transactions last year, according to data from consultancy Momentum Works. TikTok is holding talks for potential partnerships with local e-commerce players, including GoTo's Tokopedia, while building a standalone TikTok Shop app for Indonesia, the people said. Until TikTok Shop stopped operations in Indonesia this month, it was delivering about 3 million parcels a day in Indonesia, two sources said. Alphabet's (GOOGL.O) YouTube is also planning to apply for an e-commerce license, two sources said, without specifying the type of permit planned. TikTok and YouTube's plans to apply for e-commerce permits in Indonesia have not been previously reported.

Persons: Dado Ruvic, GoTo's Tokopedia, TikTok, Tokopedia, Isy Karim, Isy, Stanley Widianto, Fanny Potkin, William Mallard Organizations: REUTERS, Rights, YouTube, Meta, Momentum Works, TikTok, Reuters, Facebook, Thomson Locations: Rights JAKARTA, Indonesia, Southeast, Southeast Asia, U.S, Indonesian

REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsSTOCKHOLM, Oct 26 (Reuters) - The United Nations Secretary-General António Guterres on Thursday announced the creation of a 39-member advisory body to address issues in the international governance of artificial intelligence. Sony (6758.T) Chief Technology Officer Hiroaki Kitano, OpenAI CTO Mira Murati and Microsoft (MSFT.O) Chief Responsible AI Officer Natasha Crampton are among the executives representing technology companies. Since OpenAI launched ChatGPT last year, interest in the new technology has spread across the world, leading AI researchers to raise concerns about "risks to society." While many governments are working to formulate laws to regulate the spread of AI, researchers and lawmakers have called for global collaboration. The UN body will issue preliminary recommendations by the end of this year and final recommendations by the summer of 2024.

Persons: Dado Ruvic, António Guterres, Hiroaki Kitano, Mira Murati, Natasha Crampton, Vilas Dhar, Yi Zeng fom, Mohamed Farahat, Guterres, OpenAI, ChatGPT, Supantha Mukherjee, Sharon Singleton Organizations: REUTERS, Rights, United Nations, Sony, Microsoft, Representatives, UN, Thomson Locations: Rights STOCKHOLM, Spain, Saudi Arabia, U.S, Russia, Japan, Yi Zeng fom China, Stockholm

☆ Taylor Swift helps fuel Universal Music Group's third-quarter revenue
▼ + stars: | 2023-10-26 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

[1/2] Universal Music Group logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 26 (Reuters) - Cultural phenomenon Taylor Swift helped fuel revenue at Universal Music Group (UMG.AS) in the third quarter, the world's largest record label said on Thursday. Universal Music and a number of its artists also partnered with YouTube on a Music AI Incubator, to explore how to use the technology to enhance artist creativity. EBITDA for the quarter fell 11.3% to 478 million euros, reflecting the impact of non-cash share-based compensation expenses of 103 million euros during the quarter. Revenue from music publishing rose 17.5% to 491 million euros, while merchandise sales increased 20.1% to 227 million euros.

Persons: Dado Ruvic, Taylor Swift, Swift, Lucian Grainge, Grainge, we're, Morgan Wallen, Olivia Rodrigo, King, Prince, Dawn Chmielewski, Chizu Nomiyama, Jonathan Oatis Organizations: Universal, REUTERS, Universal Music, YouTube, Revenue, Thomson Locations: Los Angeles

☆ New-look Unilever retains its old-style opacity
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Unilever logo is displayed on Dove soap boxes in this illustration taken on January 17, 2022. Back in 2017 Unilever fought off a Kraft Heinz (KHC.O) takeover approach by pledging a 20% operating margin; now there just isn’t a target. But it leaves a question mark over Unilever’s long-term direction. And it might leave long-term critics like fund manager Terry Smith still griping about opacity. In January Smith complained that Unilever had revealed the price tag on only three of 27 acquisitions in its Beauty and Wellbeing division over eight years.

Persons: Dado Ruvic, Hein Schumacher’s, Kraft Heinz, Alan Jope, Terry Smith, Smith, Schumacher, George Hay, Peter Thal Larsen, Oliver Taslic Organizations: Unilever, REUTERS, Reuters, Kraft, X, Thomson

Worldline's (WLN.PA) stock slide, which saw around $4 billion wiped off its market value, is the latest wake-up call. COMMISSIONS CUTRevenue growth has suffered at payments firms as inflation has force European consumers to spend less, while investors fret about the euro zone slipping into recession. Some analysts say payments firms have also been caught napping, after a period of growth during COVID lockdowns. In a further sign of investor wariness, venture capital investment flows into European payment firms have also dried up. Now, it may leave private equity investors to pick up the pieces for payment service firms, analysts said.

Persons: Dado Ruvic, Paul Charpentier, Bryan Garnier, napping, Jefferies, Hannes Leitner, Leitner, Charpentier, wariness, Italy's Intesa Sanpaolo, Morgan Stanley, Worldline, Bryan Garnier's Charpentier, Elizabeth Howcroft, Alexander Smith Organizations: REUTERS, PayPal, Holdings, Companies, Barclays, Reuters, Spain's Banco Sabadell, Fidelity National Information Services, CVC Capital Partners, CVC, Thomson Locations: London, U.S, Nexi, Europe

☆ Asia helps Moncler sales to meet forecasts in third quarter
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

[1/3] Moncler logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Oct 26 (Reuters) - Sales at Italian luxury group Moncler (MONC.MI) rose 7% at constant exchange rates in the third quarter, meeting analyst expectations, thanks to growth in Asia and despite a decline in the Americas. Total sales reached 670 million euros ($705 million) in the July-September period, matching an analyst consensus provided by the company. The Moncler brand, which generates the largest part of group revenues, saw sales rise 9% at constant exchange rates, to 561 million euros, boosted by 22% growth in Asia. In the EMEA region, Moncler brand revenues grew 6% at constant exchange rates, "due to a normalisation in local consumption and a slower recovery of tourism flows compared to the first part of the year", the company said in a statement.

Persons: Dado Ruvic, Luciano Santel, Elisa Anzolin, Alvise Armellini, Keith Weir Organizations: REUTERS, Corporate, Thomson Locations: Asia, Americas

☆ Royal Caribbean lifts annual profit target again on steady cruise vacation demand
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

File photo: Royal Caribbean logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOct 26 (Reuters) - Royal Caribbean Group (RCL.N) lifted its full-year profit forecast for a third time on Thursday, banking on elevated ticket prices as well as steady demand from affluent customers for leisure travel. This has given Royal Caribbean and its competitors the ability to further hike up itinerary prices, especially in North America and Europe, as occupancy levels now approach pre-pandemic levels. The cruise company said occupancy in the third quarter was 109.7%, up from 105% reported in the second quarter. The company expects annual adjusted profit between $6.58 and $6.63 per share, compared with its earlier forecast of $6.00 to $6.20.

Persons: Dado Ruvic, Granth, Maju Samuel Organizations: REUTERS, Royal Caribbean Group, Cruise, Norwegian Cruise, Royal, Thomson Locations: Miami , Florida, Caribbean, North America, Europe, Bengaluru

☆ Mastercard third-quarter profit rises
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

Credit card is seen in front of displayed Master Card logo in this illustration taken, July 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 26 (Reuters) - Mastercard (MA.N) on Thursday reported a rise in third-quarter profit, as consumer spent on travel and entertainment. The company reported a profit of $3.2 billion, or $3.39 per share, for the three months ended Sept. 30, compared with $2.5 billion, or $2.58 per share, a year earlier. Wage growth has helped customers persist with their spending habits on travel, shopping and entertainment despite still high inflation. Reporting by Niket Nishant in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Niket, Shinjini Organizations: REUTERS, Mastercard, U.S . Federal, Thomson Locations: Bengaluru

☆ Malaysia to warn TikTok, Meta over alleged blocking of pro-Palestinian content
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

[1/2] A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowTikTok FollowKUALA LUMPUR, Oct 26 (Reuters) - Malaysia's communications regulator will issue a warning to social media firms Tiktok and Meta (META.O) for allegedly blocking pro-Palestinian content on their platforms, its communications minister said on Thursday. Without elaborating, Fahmi said many parties had urged the government to take firm action against social media platforms for allegedly restricting pro-Palestinian content. Representatives of Tiktok and Meta did not immediately respond to requests for comment. The concerns come two weeks after Fahmi said TikTok had not complied fully with Malaysia's laws and had not done enough to curb defamatory or misleading content.

Persons: Dado Ruvic, Fahmi Fadzil, Fahmi, Meta, TikTok, Danial Azhar, Martin Petty Organizations: REUTERS, Tiktok, Thomson Locations: KUALA LUMPUR

Small toy figures with laptops and smartphones are seen in front of displayed Comcast logo, in this illustration taken December 5, 2021. Revenue for the media giant’s third quarter rose 0.9% to $30.12 billion, beating analysts’ estimates of $29.68 billion, according to LSEG data. Comcast lost 18,000 broadband customers in the quarter, as it faces more competition from wireless carriers such as Verizon (VZ.N) and T-Mobile (TMUS.O), which offer broadband. Paid subscribers increased by 4 million in the third quarter, to 28 million, from the 24 million reported in the previous quarter. That growth was driven partly by the addition of Comcast subscribers who had been getting Peacock for free, and converted to paid subscribers.

Persons: Dado Ruvic, FactSet, Peacock, Oppenheimer, Helen Coster, David Gregorio Our Organizations: Comcast, REUTERS, Revenue, Verizon, Dominion, Thomson Locations: New York, Bengaluru

☆ UniCredit to have more than 10 bln euros in excess capital by end-2023 - CEO to paper
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: 1 min

Unicredit logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsROME, Oct 25 (Reuters) - UniCredit (CRDI.MI) will have more than 10 billion euros ($10.60 billion) in excess capital by end-2023 and will consider whether to use it for M&A deals or to reward its shareholders, the lender's Chief Executive said in an interview published on Wednesday . "If M&A at our conditions is complicated, what is left is distribution (of capital). Therefore what we will give back from 2024 will have an ordinary component and probably and extraordianry one," Andrea Orcel told Italian financial daily Il Sole 24 Ore.($1 = 0.9432 euros)Reporting by Gianluca Semeraro, writing by Giulia Segreti, editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Andrea Orcel, Gianluca Semeraro, Giulia Segreti, Alvise Organizations: REUTERS, Rights, Thomson

☆ NatWest ex-CEO infringed data rights of former Brexit party leader Farage, ICO says
▼ + stars: | 2023-10-25 | by ( Iain Withers | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 25 (Reuters) - Britain's data watchdog said on Wednesday that former NatWest CEO Alison Rose infringed Nigel Farage's data rights when she discussed the former Brexit party leader's relationship with the bank with a BBC journalist. "We fully co-operate with the ICO (Information Commissioner's Office) in its assessment of any customer complaint but it would not be appropriate for us to comment on this individual case," a NatWest spokesperson said. The ICO said in its response to Farage's complaint about the incident, seen by Reuters, that in its view Rose shared "misleading information" and that Farage's rights were infringed as a result. Farage welcomed the response and said NatWest should cut Rose's notice pay and bonuses. "It would be an outrage if she walked away with a huge sum of money," Farage said on television channel GB News.

Persons: Dado Ruvic, Alison Rose, Nigel, Coutts, Rose, Farage, Travers, Iain Withers, David Gregorio, Jonathan Oatis Organizations: NatWest, REUTERS, BBC, ICO, Reuters, Financial Times, Natwest, Thomson

☆ Dollar bounces, euro heavy on US/euro zone growth outlook divergence
▼ + stars: | 2023-10-25 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Against the dollar, the euro was last 0.05% higher at $1.0595, having declined 0.75% on Tuesday. The euro is the most heavily weighted currency in the dollar index, which measures the greenback against a basket of six peers. "By contrast, the U.S. Federal Reserve could continue to raise interest rates just because the economic data looks strong." Pressure is mounting on the Bank of Japan to change its bond yield control as global interest rates rise.

Persons: Dado Ruvic, Tina Teng, Matt Simpson, Bitcoin, John Glover, Rae Wee, Lincoln Organizations: REUTERS, Rights, Wednesday, European Central Bank, CMC Markets, U.S . Federal Reserve, Bank of Japan, New Zealand, Reserve Bank of Australia's, Thomson Locations: Rights SINGAPORE, Australia, Wednesday .

☆ Deutsche Bank sets aside $273 mln provision for Gazprom subsidiary's Russian lawsuits
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Oct 25 (Reuters) - Deutsche Bank (DBKGn.DE) said on Wednesday that it had set aside a 258 million euro ($272.84 million) provision in the third quarter related to lawsuits by a subsidiary of Russian gas giant Gazprom (GAZP.MM). RusKhimAlyans, which is 50% owned by Gazprom, has filed lawsuits seeking a total of 31 billion roubles ($348 million) from Deutsche Bank (DBKGn.DE) and Commerzbank (CBKG.DE), Russian court documents show. Deutsche Bank said in its quarterly report that the bank has been unable to make the payment due to EU sanctions against Russia. Deutsche Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights"The Russian court is expected to not recognize the EU sanctions as a basis for not making payment," Deutsche Bank said in explaining the provision.

Persons: Dado Ruvic, Deutsche, Tom Sims, Friederike Heine Our Organizations: Deutsche Bank, Gazprom, Russia, REUTERS, Thomson Locations: FRANKFURT

☆ Chevron target Hess beats quarterly profit estimates on production boost
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

New York-based Hess's net production was 395,000 barrels of oil equivalent per day (boepd) in the quarter, compared to 351,000 boepd a year earlier. The company forecast production to be around 410,000 boepd in the fourth quarter. Hess said its worldwide average realized crude oil selling price, excluding hedges, was $81.53 per barrel in the quarter, compared to $71.13 in the preceding quarter and $85.32 a year earlier. Production from Guyana totaled 108,000 boepd, 10% higher compared with the prior-year quarter. Production at the Stabroek oil block is expected to triple to more than 1.2 million barrels per day (bpd) by 2027.

Persons: Dado Ruvic, Hess, China's CNOOC, Seher, Sriraj Organizations: REUTERS, Companies Chevron Corp, Hess Corp, Wednesday, Wall, Chevron Corp, Chevron, Exxon Mobil, HK, Thomson Locations: New York, Guyana, North Dakota, U.S, Bengaluru

☆ Microsoft, OpenAI-backed AI safety forum names first director, plans advisory board
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

The Frontier Model Forum also said it created a fund to back research into the technology, with initial funding commitments of more than $10 million from its backers and partners. It said its first-ever director would be Chris Meserole, who most recently served as director of AI and emerging technology initiative at the Brookings Institution, a Washington-based think tank. He joins a forum launched in July with a focus on "frontier AI models" that exceed the capabilities present in the most advanced existing models. Industry leaders have warned that such models could have dangerous capabilities sufficient to pose severe risks to public safety. The Frontier Model Forum is backed by ChatGPT-owner OpenAI, Microsoft (MSFT.O), Google's parent Alphabet (GOOGL.O) and AI startup Anthropic.

Persons: Dado Ruvic, Chris Meserole, OpenAI, Juby Babu, Savio D'Souza Organizations: REUTERS, Microsoft, Google, Brookings Institution, Industry, Britain, ChatGPT, Thomson Locations: Washington, Bengaluru

☆ UniCredit revamps Buddy online banking service to ease cloud shift
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Unicredit Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Oct 25 (Reuters) - Italy's UniCredit (CRDI.MI) on Wednesday announced improvements to its mobile banking service Buddybank, in a move that Chief Executive Andrea Orcel said would ease the eventual transition to a cloud-based core banking infrastructure. UniCredit had managed to unify the backend structure supporting traditional commercial banking operations and Buddybank, Orcel told a press conference. To shift to Buddy R-Evolution, UniCredit customers have only to download the application in order to access their current account without any changes to their bank details. A change of bank details caused disruptions this month for customers of rival Intesa Sanpaolo (ISP.MI) which is gradually shifting younger, digitally-savvy clients to its cloud-based mobile bank Isybank.

Persons: Dado Ruvic, Andrea Orcel, UniCredit, Buddy R, Orcel, Intesa Sanpaolo, Valentina Za, Keith Weir Organizations: REUTERS, Wednesday, Thomson

☆ UK extends deadline on in-depth probe into Adobe's $20 bln deal for Figma
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Figurines are seen in front of displayed Adobe logo in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 25 (Reuters) - Britain's competition regulator, on Wednesday, extended by eight weeks the deadline to complete its in-depth probe into Photoshop owner Adobe Inc's (ADBE.O) $20 billion buyout of cloud-based designer platform Figma, to February 2024. The CMA now has until Feb. 25 to conclude its investigation, compared to the earlier deadline of Dec. 27. In September 2022, Adobe announced a cash-and-stock deal for Figma, the biggest buyout of a privately owned software startup. Reporting by Eva Mathews in Bengaluru; Editing by Sherry Jacob-Phillips and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Eva Mathews, Sherry Jacob, Phillips, Savio D'Souza Organizations: REUTERS, Adobe, Markets Authority, CMA, Figma, Zoom Video Communications, Airbnb Inc, Thomson Locations: Bengaluru

☆ Telenor tops Q3 profit expectations, narrows 2023 outlook
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOSLO, Oct 25 (Reuters) - Norwegian telecoms operator Telenor (TEL.OL) on Wednesday reported third-quarter earnings above expectations, supported by growing mobile service revenue and lower energy prices in the Nordics, and narrowed its full-year projections. Telenor's Nordics service revenue grew 4% and EBITDA by 8% in the quarter. Similarly, it expects EBITDA to grow by 3-4% this year, which earlier was also seen at "low-to-mid single-digit growth". Telenor reiterated it expects capital expenditure in the Nordics to be around 17% of revenues for the period. ($1 = 11.1481 Norwegian crowns)Reporting by Victoria Klesty; Editing by Terje Solsvik and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Sigve Brekke, Telenor's, Victoria Klesty, Terje Solsvik Organizations: Telenor, REUTERS, Rights, Thomson Locations: Rights OSLO, Norwegian, Asia, Nordic, Malaysia, Thailand

☆ Taiwan reports Chinese fighters, bombers nearby as election campaign heats up
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] Airplane is seen in front of Chinese and Taiwanese flags in this illustration, August 6, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Nov 22 (Reuters) - Taiwan again reported Chinese military activity around the island on Wednesday, with 11 aircraft crossing the sensitive median line of the Taiwan Strait as the island's election campaign kicked into high gear. Taiwan holds presidential and parliamentary polls on Jan. 13 and candidates have to register with the election commission this week in order to take part. The strait's median line had previously served as an unofficial barrier between the two sides and which Chinese planes now regularly fly over. China says its activities near Taiwan are aimed at preventing "collusion" between Taiwan separatists and the United States and to protect China's territorial integrity.

Persons: Dado Ruvic, Ben Blanchard, Toby Chopra, Raju Gopalakrishnan Organizations: REUTERS, Rights, Taiwan, Democratic Progressive Party, Kuomintang, Thomson Locations: Rights TAIPEI, Taiwan, China, Beijing, Taipei, United States

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