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A delay in the new mine's ramp-up would add to the growing stresses on the zinc raw materials supply chain. Low prices have resulted in a lengthening list of mine curtailments in recent months, resulting in falling smelter treatment terms and a rising refined zinc price. London Metal Exchange three-month zinc pricePRICE CASUALTIESThe LME zinc price hit a three-year low of $2,215 per metric ton in May, triggering a string of mine closures. By the end of September analysts at Macquarie Bank had already totted up closures totalling 300,000 metric tons of annual zinc capacity. It is designed to churn out around 345,000 metric tons a year of contained zinc, making it the single largest addition to zinc mine supply in 2024.

Persons: Ilya Naymushin, Boliden, Price, it's, David Evans Organizations: REUTERS, London Metal Exchange, Metals, Aeris Resources, Macquarie Bank, Fastmarkets, Study, Thomson, Reuters Locations: Angara, Novoangars, Russia, Swedish, Ireland, Queensland, Western Australia, Portugal, Mexico, Tennessee

☆ Chaos as Optus outage disconnects half of Australia
▼ + stars: | 2023-11-08 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

"Because of the outage it won't load," Rogers told Reuters while he was waiting at the pharmacist for the internet to return. Optus, which is owned by Singapore Telecommunications, (STEL.SI) gave no explanation for the outage except to say it was investigating it. Until then, even taking a walk became more difficult, at least for people who needed directions. An office worker from Sydney told Reuters he could not get into his building because the door required an internet-connected smartphone application to unlock. ($1 = 1.5538 Australian dollars)Reporting by Byron Kaye with additional reporting by Kirsty Needham and Sam Holmes; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Rogers, Rogers, I've, Michael Clements, Angela Ican, we've, Roderick Geddes, Byron Kaye, Kirsty Needham, Sam Holmes, Stephen Coates Organizations: SYDNEY, Optus, Reuters, Reserve Bank of Australia, Royal Australian College of General, Singapore Telecommunications, Sydney, Thomson Locations: Sydney

☆ Australia to investigate Optus internet and phone outage
▼ + stars: | 2023-11-08 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

SYDNEY, Nov 9 (Reuters) - Australia said on Thursday it would launch an investigation into a 12-hour national outage at telco Optus that cut off internet and phone connections to nearly half of its population, hitting critical services including payments, transport and hospitals. The federal government would undertake a post-incident review into the outage, Communications Minister Michelle Rowland said, describing its impacts as "particularly concerning." Australia's media regulator will conduct a separate review into the outage after emergency triple zero ("000") calls went down on Optus landlines, Rowland added. Optus, owned by Singapore Telecommunications (STEL.SI), has not given the cause for the unprecedented outage, one of the biggest the country has witnessed. The outage happened 14 months after Optus was hit by one of Australia's biggest cyber breaches.

Persons: telco, Michelle Rowland, Rowland, Renju Jose, Jamie Freed Organizations: SYDNEY, Optus, Optus landlines, Singapore Telecommunications, Telstra, Australian Broadcasting Corp, Thomson Locations: Australia, Sydney

☆ Singapore Airlines posts record half-year profit as air travel demand soars
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

A Singapore Airlines plane is seen among the planes in the static display at the Singapore Airshow in Singapore, February 16, 2022. "The robust demand for air travel continued into the Northern Summer travel season, led by the rebound in passenger traffic to North Asia with the full reopening of China, Hong Kong SAR, Japan, and Taiwan," the airline said in a statement. Singapore Airlines and its budget arm, Scoot, carried around 17.4 million passengers during the half-year, an increase of 52.3% year-on-year. The firm also intends to redeem 50% of the zero-coupon mandatory convertible bonds (MCBs) that it issued in June 2021 to support its balance sheet amid an almost total shutdown of air travel during the pandemic. ($1 = 1.3543 Singapore dollars)Reporting by Rishav Chatterjee and Nausheen Thusoo in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Caroline Chia, Rishav Chatterjee, Nausheen, Janane Organizations: Singapore Airlines, Singapore, REUTERS, Companies, India, Air India, India's Tata Group, Thomson Locations: Singapore, Asia, North Asia, China , Hong Kong SAR, Japan, Taiwan, Bengaluru

SYDNEY, Nov 8 (Reuters) - Millions of Australians were left without a phone or internet connection on Wednesday after the country's second-largest telecommunications provider experienced an unexplained nationwide outage. "Our teams are working urgently to restore services. The government had sought further information from Optus including when they expected to restore services. Melbourne's train networks were forced to shut down for about 30 minutes due to the outage, resulting in delays during the morning rush, media reported. A cyber breach last year hit Optus, exposing personal details of millions of its customers, including their home addresses, driver licence and passport numbers.

Persons: telco, Michelle Rowland, Rowland, Renju Jose, Praveen Menon, Stephen Coates Organizations: SYDNEY, Optus, Singapore Telecommunications, Commonwealth Bank, CBA, Reuters, Federal Communications, ABC Radio, Thomson Locations: Sydney

REUTERS/Sergio Perez Acquire Licensing RightsLONDON, Nov 7 (Reuters) - European Union (EU) energy ministers last month struck a deal to reform the bloc's power market. German power market forwards for 2024 and 2025LIGHT-TOUCH REFORMEuropean power prices have fallen a long way from their 2022 peaks, when the region was still reeling from the reduction in Russian gas supplies. EU member states were deeply split on proposals for more fundamental reform of Europe's power market to allow for a complete break of the gas-power price linkage. The hard-won compromise keeps the existing market mechanism, which its supporters claim is more efficient than other models in a liberalised electricity market. The bloc's power prices have historically been twice those of the U.S., but are now three or four times higher.

Persons: Sergio Perez, Teresa Ribera, Bernard Respaut, Mats Gustavsson, Boliden, Gustavsson, Respaut, Jan Harvey Organizations: REUTERS, Union, Spain's Energy, Producers, European Copper Institute, EU, Alcoa, PPA, European Commission, Metals, Reuters, Thomson Locations: Alcobendas, Madrid, Spain, Ukraine, San, EU, U.S, Ireland, Europe

☆ Ady Barkan, Health Care Activist, Dies at 39
▼ + stars: | 2023-11-02 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

Like so many of you, I have experienced the ways our health care system is fundamentally broken: enormous costs, denied claims, dehumanizing treatment when we are most in need. Today we are witnessing the tragic consequences of our failing health care system. Everyone living in America should get the health care they need, regardless of their employment status or ability to pay. Even during this terrible crisis, Donald Trump and Republican politicians are trying to take away millions of people’s health insurance. And then, with a compassionate and intelligent president, we must act together and put on his desk a bill that guarantees us all the health care we deserve.

Persons: Ady Barkan, Donald Trump, —, Joe Biden Organizations: Republican Locations: America

☆ Opinion | I Grew Up in Mike Johnson’s District, Where Kindness Can Mask Cruelty
▼ + stars: | 2023-11-01 | by ( Charles M. Blow | ) www.nytimes.com time to read: +1 min

I don’t know Mike Johnson, the brand-new speaker of the House of Representatives, but I feel as if I do because we’re from the same neck of the woods. He’s from Shreveport, in Caddo Parish, La., where I was born and where one of my brothers died. He graduated from Louisiana State University. to accept one at Grambling State University, a historically Black college about a half-hour east of Gibsland. He also wrote opinion essays for the newspaper where I cut my teeth as a working journalist, The Shreveport Times.

Persons: Mike Johnson Organizations: Louisiana State University, Grambling State University, Shreveport Times Locations: He’s, Shreveport, Caddo Parish, La, Johnson’s, Gibsland, Bienville

☆ KKR to invest $400 mln in Malaysia subsea telco cable services firm
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Oct 30 (Reuters) - U.S. private equity firm KKR (KKR.N) has signed an agreement to invest $400 million in Malaysian subsea telecommunications cable services provider OMS Group, the companies said in a joint statement on Monday. Additional details of the transaction were not disclosed in the statement. The deal marks KKR's latest investment in Southeast Asia digital infrastructure, adding to its existing investments that includes the regional data center of Singapore Telecommunications (STEL.SI) and Philippines-based digital infrastructure company Pinnacle Towers. KKR's investment will be used to accelerate OMS' growth, including expanding fleet size and capabilities and investing in cable landing stations and subsea cable routes, the statement said. Reporting by Yantoultra Ngui; Editing by Kim Coghill and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Yantoultra Ngui, Kim Coghill, Muralikumar Organizations: KKR, Singapore Telecommunications, Pinnacle Towers, Thomson Locations: SINGAPORE, Southeast Asia, Philippines

☆ Canada annual inflation rate edges down to 3.8% in September
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

People pay for their items at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Oct 17 (Reuters) - Canada's annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said on Tuesday. This beat analysts' expectations for annual inflation to remain at 4.0%. Percent changesMonth-on-month Year-on-yearSep Aug Sep AugCPI - all items -0.1 +0.4 +3.8 +4.0CPI - common n/a n/a +4.4 +4.8CPI - median n/a n/a +3.8 +4.1CPI - trim n/a n/a +3.7 +3.9Bank of Canada core -0.1 +0.1 +2.8 +3.3All items ex food/energy -0.1 +0.2 +3.2 +3.6Goods -0.3 +0.6 +3.6 +3.7Services 0.0 +0.1 +3.9 +4.3Energy -1.0 +3.7 +5.4 +1.8Seasonally adjusted +0.2 +0.6 n/a n/aCore CPI, SA -0.1 +0.3 n/a n/aNOTE: Analysts in a Reuters survey had forecast September CPI to be 4.0% annualized, and to be up 0.1% on the month. (Reporting by Dale Smith; Editing by Ismail Shakil)((ismail.shakil@tr.com))Keywords: CANADA ECONOMY/INFLATIONOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Osorio, Dale Smith, Ismail Shakil Organizations: REUTERS, Rights OTTAWA, Statistics, of Canada, CPI, SA, Thomson Locations: Toronto , Ontario, Canada, Statistics Canada

☆ India's Bharti Group to buy out French partner AXA's stake in JV
▼ + stars: | 2023-10-11 | by ( Hritam Mukherjee | ) www.reuters.com time to read: +2 min

Logos of France's biggest insurer Axa are seen on a building in Nanterre, near Paris, March 8, 2016. REUTERS/Christian Hartmann/File Photo Acquire Licensing RightsBENGALURU, Oct 11 (Reuters) - Bharti Group will acquire French insurer AXA's (AXAF.PA) 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. "There is ample scope for life insurance to grow in India. Bharti's JV deal, made through its Bharti Life Ventures arm, is expected to close by December this year, subject to regulatory approvals. The company competes with HDFC Life Insurance (HDFL.NS), ICICI Prudential Life Insurance (ICIR.NS), SBI Life Insurance (SBIL.NS) and LIC in a market ranked ninth in the world, according to the insurance regulatory body's latest annual report.

Persons: Christian Hartmann, Bharti, Burman, Avinash Singh, Hritam Mukherjee, Nivedita Bhattacharjee, Anil D'Silva Organizations: Axa, REUTERS, Rights, Bharti Group, Bharti AXA Life Insurance, Bharti, AXA, Life Insurance Corporation of India, United Provident Association, Insurance, JV, Religare Enterprises, Emkay Global Financial Services, Bharti's JV, Ventures, Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance, Bharti Airtel, Bharti Realty, Del Monte Foods, Del, Del Monte Pacific, Thomson Locations: Nanterre, Paris, India, Del Monte, Bengaluru

☆ Palestinian-Americans stuck in Gaza say they feel trapped, abandoned by US Embassy
▼ + stars: | 2023-10-10 | by ( Yahya Abou-Ghazala | ) edition.cnn.com time to read: +12 min

“This is not secure because along the way there is a chance that you will be targeted,” given the constant barrage of Israeli airstrikes. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9. Ramez Mahmoud/AP A plume of smoke rises in the sky over Gaza City during an Israeli airstrike on October 9. Tamir Kalifa/The New York Times/Redux Fire and smoke rise from Gaza City following an Israeli airstrike on October 8. Ibraheem Abu Mustafa/Reuters Palestinian citizens inspect damage to their homes caused by Israeli airstrikes in Gaza City on October 8.

Persons: Said Shaath, ‘, “, Shaath, Lena Beseiso, Beseiso –, –, ”, Beseiso, ” Beseiso, Eden Guez, Violeta Santos Moura, Mohammed Salem, Mohammed Soboh, Said, Fatima Shbair, Belal Khaled, Amir Cohen, Ilai Bar Sade, Erik Marmor, Ali Jadallah, Mohammed Abed, Oren Ziv, Mohammed Saber, Ronen Zvulun, Majdi, Ilia Yefimovich, Ramez Mahmoud, Mahmud Hams, Roi Levy, Alleruzzo, Tali Touito, Tamir Kalifa, Khan, Ibraheem Abu Mustafa, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Samar Abu, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Baz Ratner, Mustafa Hassona, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, Abdulla Okal, Haneen, ” Okal, Okal, Joe Biden, ” Biden Organizations: CNN, US Embassy, Nova Festival, Reuters, Anadolu Agency, Getty, West Bank, New York Times, Rockets, Israel's, United Nations, Palestinian, Reuters Police, AP, Reuters Rockets, State Department, Embassy, National Security Council Locations: Gaza, Palestinian, “ U.S, Rafah, Egypt, Jerusalem, Fresno , California, Rimal, Salt Lake City, Israel, Ashkelon, Gaza City, Israeli, Tel Aviv, AFP, Beitar Ilit, Mount Herzl, Sderot, Ramat Gan, Khan Younis, Kiryat Shmona, Samar, Samar Abu Elouf, Itai, Beit Hanun, Rishon Lezion, ”, New Jersey

☆ Indian inflation seen easing to 5.50% in Sept on softening food price rises: Reuters poll
▼ + stars: | 2023-10-10 | by ( Milounee Purohit | ) www.reuters.com time to read: +2 min

Rises in food prices, which make up about half the consumer price index (CPI), continue to cool from recent peaks after the Indian government enacted a series of measures to boost supply. "Having said that, the persistent part of the food inflation problem remains there, which is cereals, pulses and spices, and I think the RBI can't do much about it anyway." Rising crude oil prices are also likely to keep inflation elevated in the world's third-largest oil importer. Oil prices rose around 3% on Monday to trade around $90 a barrel. "Oil prices ... are likely to remain high over the remainder of the year on global supply concerns," said Alexandra Hermann at Oxford Economics.

Persons: Amit Dave, Dhiraj Nim, Alexandra Hermann, Milounee Purohit, Anant Chandak, Veronica Khongwir, Hari Kishan, Mark Potter Organizations: REUTERS, Reserve Bank of India's, CPI, ANZ Research, Oxford, Inflation, Thomson Locations: Ahmedabad, India, BENGALURU

☆ SingTel to sell stake in Trustwave for $205 million
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

A view of Singtel's head office in Singapore May 12, 2016. REUTERS/Edgar Su/File Photo Acquire Licensing RightsOct 2 (Reuters) - Singapore Telecommunications (STEL.SI) on Monday said it entered into an agreement with MC2 Titanium, LLC to sell its stake in cyber security business Trustwave for $205 million. Southeast Asia's largest telecom firm began a strategic review of its 98% interest in Trustwave in 2021 after buying it for $770 million in 2015. The divestment comes after SingTel incurred an impairment charge of S$336 million ($245.92 million) on Trustwave in the second half of 2021. ($1 = 1.3663 Singapore dollars)Reporting by Nausheen Thusoo in Bengaluru; Editing by Lisa Shumaker and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, SingTel, Nausheen, Lisa Shumaker, Cynthia Osterman Organizations: REUTERS, Singapore Telecommunications, MC2, Thomson Locations: Singapore, Trustwave, Bengaluru

☆ KKR to acquire stake in SingTel's regional data centre unit for $807 million
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015. REUTERS/Edgar Su/File Photo Acquire Licensing RightsSept 18 (Reuters) - Singapore Telecommunications (STEL.SI) said on Monday private equity firm KKR (KKR.N) will acquire a 20% stake in the firm's regional data centre business with an investment commitment of up to S$1.1 billion ($806.87 million). The deal puts the enterprise value of SingTel’s overall regional data centre business at S$5.5 billion ($4.03 billion) and the funds will be used to expand the data centre's business across Southeast Asian markets, including Singapore, Indonesia and Thailand. The transaction is expected to be completed by the fourth quarter of 2023. ($1 = 1.3633 Singapore dollars)Reporting by Navya Mittal in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, David Luboff, Navya Mittal, Muralikumar Organizations: REUTERS, Singapore Telecommunications, KKR, Thomson Locations: Singapore, Indonesia, Thailand, Asia, Pacific, Bengaluru

☆ Investors glimpse opportunity in Europe's unloved mining shares
▼ + stars: | 2023-09-15 | by ( Samuel Indyk | ) www.reuters.com time to read: +6 min

The metals and mining sector is typically used as a proxy for equity investors in Europe to gain exposure to China, given it is the world's largest commodities consumer, and it has sunk along with China's growth expectations. But Beijing in recent weeks has taken targeted steps towards supporting key pockets of its economy, lifting the mining sector off its 31-month lows. In the last month, the mining index has risen nearly 10% compared with a gain of just 2.5% for the wider STOXX 600. Sweeney says this wide range of measures could be a catalyst for an upturn in the metals and mining sector. "Obviously, the 800-pound gorilla from a primary metal demand perspective is China," Peter Mallin-Jones, mining analyst at UK investment bank Peel Hunt, said.

Persons: Ints, Nathan Sweeney, multiasset, Sweeney, LSEG, Peter Mallin, Peel Hunt, Jones, Daniel Major, Marlborough Investment Management's Sweeney, Samuel Indyk, Amanda Cooper, Elaine Hardcastle Organizations: REUTERS, Equity, Marlborough Investment Management, Miners, London Metal, Morningstar, UBS, Rio Tinto, BHP Group, Major, Marlborough Investment, Thomson Locations: Garpenberg, Sweden, China, LONDON, Europe, Beijing, Singapore, India, Indonesia, Malaysia, Nigeria, United States, Rio, Antofagasta, Rio Tinto, Marlborough

RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).

Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru

☆ SingTel Q1 profit slumps 23% on unfavourable currency move, high costs
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Edgar Su/File Photo Acquire Licensing RightsAug 21 (Reuters) - Singapore Telecommunications (STEL.SI) reported on Monday a 23% decline in first-quarter net profit, citing the one-off impact at Bharti Airtel (BRTI.NS) in Nigeria as the naira depreciated sharply against the U.S. dollar, as well as high costs. Singapore Telecommunications (SingTel), Southeast Asia's largest telecoms company, owns an effective 29.5% stake in India's Bharti Airtel. SingTel said in a statement net profit for the quarter ended June 30 was S$483 million ($355.91 million), compared with S$628 million a year earlier. On an underlying basis, net profit for the quarter gained 14.5% to S$571 million. SingTel also recorded a 2.7% decline in its first-quarter operating revenue to S$3.49 billion, hurt by currency exchange headwinds and competition.

Persons: Edgar Su, SingTel, Yuen Kuan, Sameer Manekar, Upasana Singh, Muralikumar Organizations: REUTERS, Singapore Telecommunications, Bharti Airtel, U.S ., Optus, Thomson Locations: Singapore, Nigeria, Nigerian, Australia, Bengaluru

LME three-month zinc hit a near three-year low of $2,215 per metric ton in May. LME zinc price stocks and spreadsSQUEEZE DRAWS OUT HIDDEN METALThe trigger for the current spate of arrivals in the LME warehouse system appears to have been a sharp contraction in short-dated time-spreads earlier this month. If so, the game is on in Singapore, which has accounted for all the recent arrivals bar 1,000 metric tons at Malaysia's Port Klang. A total 31,500 metric tons of zinc were warranted in the city in July along with 5,125 metric tons of lead and 625 metric tons of tin. In the interim, there is plenty of potential for more metal to head towards LME storage sheds.

Persons: Ilya Naymushin, Kirsten Donovan Organizations: REUTERS, London Metal Exchange, Citibank, Low, Study, Reuters, Thomson Locations: Angara, Novoangars, Russia, Singapore, Malaysia's Port Klang ., East Asia, China, Europe, Ireland

☆ At Inter Miami, Lionel Messi’s Only Complaint Is the Humidity
▼ + stars: | 2023-08-17 | by ( Patricia Mazzei | More About Patricia Mazzei | ) www.nytimes.com time to read: +1 min

The version of Lionel Messi who has become South Florida’s reigning sport king is not the playmaker in his prime that he was for Barcelona or the tortured captain-under-pressure that he was for Argentina. The Messi of Miami is, in his own words, happy. Happy to show his young new team, Inter Miami of M.L.S., how to win. Less happy, perhaps, to deal with South Florida’s crushing summer humidity. Inter Miami, which had the fewest points in M.L.S.

Persons: Lionel Messi, The Messi, Messi, David Beckham Organizations: Miami, Inter Miami, Leagues, Nashville S.C Locations: Barcelona, Argentina, M.L.S, United States

☆ Aussie telecom firms Telstra, TPG will not appeal block of asset transfer deal
▼ + stars: | 2023-08-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David Gray/Aug 14 (Reuters) - Australian telecom firms Telstra Group (TLS.AX) and TPG Telecom (TPG.AX) on Monday said separately they would not appeal the country's competition tribunal's decision to block an asset transfer deal between the two telecom giants. In June, the Australian Competition Tribunal upheld the competition regulator's decision to block the deal between the telecom firms, under which Telstra would have bought spectrum and transmission towers from TPG, while TPG would have kept selling 4G and 5G coverage using Telstra infrastructure. The country's competition regulator had ruled against the asset transfer deal in December citing competition concerns and potentially impacting the no. Telstra did not provide any details about its decision to not appeal the tribunal's decision in the exchange filing, and did not immediately respond to a Reuters request for further details. TPG Telecom, which also did not provide any reason, said it would "continue to explore commercial options to expand its mobile network".

Persons: David Gray, Sameer Manekar, Diane Craft Organizations: Telstra, REUTERS, Australian, Telstra Group, TPG Telecom, TPG, Optus, Singapore Telecommunications, Thomson Locations: Sydney, Australia, Bengaluru

☆ Singapore Exchange revises IPO rules for life science firms
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

A man wearing a protective face mask walks past the Singapore Exchange (SGX) which stays open during "circuit breaker" measures to curb coronavirus COVID-19) in central business district area in Singapore, April 7, 2020. REUTERS/Edgar Su/File PhotoSINGAPORE, Aug 10 (Reuters) - Singapore Exchange Ltd (SGX) (SGXL.SI) is amending its initial public offering (IPO) rules to clarify that life science companies seeking to list on its mainboard exchange do not need to be revenue-generating. The revision was based on a publication of a Listings Advisory Committee's decision on SGX's life sciences listing framework on Thursday. SGX introduced the life science listing framework in 2009, where it waived certain IPO requirements including profitability and revenue for life science companies. The rules under the life science listing framework were not adjusted to reflect 2012 amendments made to the mainboard listing criteria.

Persons: Edgar Su, SGX, Yantoultra, Jason Neely Organizations: Singapore Exchange, REUTERS, Singapore Exchange Ltd, Thomson Locations: Singapore, SINGAPORE

☆ Adani Enterprises weighs exiting $6 bln Wilmar venture - Bloomberg News
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

Workers transport tins of edible oil inside a storeroom of Adani Wilmar Ltd at Mundra, 375 km (233 miles) from the western Indian city of Ahmedabad, June 10, 2009. REUTERS/Amit Dave/File PhotoAug 8 (Reuters) - India's Adani Enterprises (ADEL.NS) is exploring selling its stake in its consumer-staple joint venture with Wilmar International (WLIL.SI), Bloomberg News reported on Tuesday, citing people familiar with the matter. Deliberations are at an early stage and Adani Enterprises may decide to keep its stake, the report said. Adani Enterprises and Wilmar did not respond to Reuters requests for comment, while Adani Wilmar said it would not like to comment on the report. Last week, Adani Wilmar reported loss in the first quarter, hurt by a steep decline in edible oil prices.

Persons: Wilmar, Amit Dave, Adani, Gautam Adani, Adani Wilmar, Shubhendu Deshmukh, Shounak Dasgupta, Shilpi Majumdar Organizations: REUTERS, Adani Enterprises, Wilmar, Bloomberg, Adani, Hindenburg, Thomson Locations: Mundra, Indian, Ahmedabad, India, Bengaluru

☆ Cathay Pacific posts best H1 profit since 2010, to repay govt aid package
▼ + stars: | 2023-08-09 | by ( Clare Jim | ) www.reuters.com time to read: +2 min

HONG KONG, Aug 9 (Reuters) - Cathay Pacific Airways (0293.HK) reported on Wednesday its best first-half profit in more than a decade and announced plans to order more planes and repay a Hong Kong government rescue package after a major turnaround in travel demand. Cathay has recovered capacity more slowly than its closest rival, Singapore Airlines, (SIAL.SI) because it faced tighter quarantine rules for longer, and needed to train more staff and bring back grounded planes. The Hong Kong carrier expects to reach 70% of its pre-pandemic capacity by the end of the year and 100% by the end of 2024. Cathay said it intended to exercise purchase rights to buy 32 Airbus (AIR.PA) A320neo family aircraft, looking to add to its fleet as demand rebounds. ($1 = 7.8151 Hong Kong dollars)Reporting by Clare Jim and Donny Kwok; Editing by Jamie Freed and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Hong, Patrick Healy, Clare Jim, Donny Kwok, Jamie Freed, Gerry Doyle Organizations: Cathay Pacific Airways, HK, Hong, Cathay, Singapore Airlines, Hong Kong, Airbus, Swire Pacific, Thomson Locations: HONG KONG, Hong Kong, Hong, Air China

☆ Given Plenty of Space, Lionel Messi Is Putting on a Show
▼ + stars: | 2023-08-03 | by ( Victor Mather | More About Victor Mather | ) www.nytimes.com time to read: +1 min

When it was announced that Lionel Messi was coming to Major League Soccer, there was excitement, of course. Would he treat his stay in the league as a retirement tour or even a vacation? Messi had two more goals on Wednesday night, bringing his total to five in his three games for his new team, Inter Miami. Still saddled with the worst record in the league, Inter is playing with panache, and Messi, at times, looks unstoppable. Messi’s arrival after two years at Paris St.-Germain coincided with the start of the Leagues Cup, a newly expanded tournament for teams from M.L.S.

Persons: Lionel Messi, Messi, Germain Organizations: Major League Soccer, Inter Miami, Inter, Paris St, Leagues, M.L.S, Mexico’s Liga MX Locations: Paris

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