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Search resuls for: "Rhea Binoy"


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☆ Samsung gets one-year exemption from new U.S. chip restrictions on China - WSJ
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: 1 min
Oct 13 (Reuters) - Samsung Electronics Co (005930.KS) has been granted a one-year exemption from new U.S. restrictions that block exports of advanced chips and related equipment to China, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The U.S. Department of Commerce granted Samsung authorization to continue receiving chip-making equipment and other items needed to maintain its memory-chip production in China, the newspaper added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rhea Binoy in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
☆ European lottery group Allwyn calls off SPAC deal to list on NYSE
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterSept 23 (Reuters) - European lottery group Allwyn Entertainment said on Friday it has called off its deal with a blank-check company that would have seen its shares list in New York, citing volatile market conditions. Allwyn struck a merger deal with the blank-check firm Cohn Robbins Holdings Corp (CRHC.N)in January, putting the combined firm's enterprise value at about $9.3 billion at that time. Register now for FREE unlimited access to Reuters.com RegisterAllwyn's announcement comes the same day as the SPAC backed by private equity firm TPG Inc (TPG.O)decided to wind down its operations, also citing market volatility. Cohn Robbins, set up by Gary Cohn, a former economic adviser to former U.S. President Donald Trump, and investor Clifton Robbins, raised $828 million from investors in September 2020. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rhea Binoy in Bengaluru; Editing by Shailesh Kuber and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
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