DIRS.INFO The most relevant business & tech news

☆ Israel's Econergy secures 250 mln eur financing for renewable projects
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 18 (Reuters) - Israel's Econergy Renewable Energy (ECNR.TA) has secured 250 million euros ($258 million) of financing from French asset manager RGREEN INVEST to strengthen its investments in renewable energy projects across Europe, the firm said on Friday. RGREEN INVEST will provide 87.5 million euros in corporate financing to Econergy International Limited, the British subsidiary of the Israeli-listed company, to strengthen the company's pipeline development and growth plans in Britain. Another 163 million euros of investment will be provided to support the construction of solar and wind projects across Europe. Econergy develops solar, wind and storage projects and has more than 7.5 gigawatts (GW) of projects under development in countries such as Italy, Spain, Britain, Romania, Poland and Greece. ($1 = 0.9686 euros)Reporting by Nina Chestney; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ How private-equity firms, rich with investors' cash, plan to capitalize on a souring economy
▼ + stars: | 2022-11-16 | by ( Casey Sullivan | Rebecca Ungarino | ) www.businessinsider.com time to read: +9 min

The ultimate winners from the economic downturn may turn out to be private-equity firms. At the same time, private-equity firms are seeing fewer exits and fundraising is slowing. That's the private-equity industry, according to interviews with corporate advisors and a review of earnings transcripts. Regardless of the challenges, however, one positive note for the largest private-equity firms is that they are more diversified today. These relationships are better insulating private-equity firms from economic cycles, she added.

SHARM EL-SHEIKH, Egypt, Nov 14 (Reuters) - The heads of two big natural gas companies told Reuters on Monday they were seeking to use the setting of the COP27 international climate summit to bill their industry as a leader in the fight against global warming. loading"The world has changed, people have better understanding that upstream (gas) companies are not the enemy. "We’re seeing globally people taking a much more realistic approach, developing renewables but also developing a lot of natural gas." However, the research collaboration Climate Action Tracker said last week that countries scrambling to source more natural gas to replace supplies from Russia are risking years of emissions that could thwart climate goals. Coal power plants produced a fifth of global greenhouse gas emissions in 2021, more than any other single source, according to the International Energy Agency.

☆ U.S. says six airlines issue $622 million in refunds
▼ + stars: | 2022-11-14 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 14 (Reuters) - The U.S. Transportation Department said Monday that six airlines were slapped with $7.25 million in penalties and agreed to issue $622 million in passenger refunds as the agency vows to aggressively enforce consumer protections. "It shouldn't take enforcement action from (USDOT) to get airlines to pay the funds that they're required to pay." Buttigieg said under the settlements ultra-low-cost carrier Frontier Airlines (ULCC.O) was required to pay $222 million in refunds and will pay a $2.2 million penalty, while Tata Group-owned Air India will pay $121.5 million in required refunds and a $1.4 million fine. State-owned TAP Portugal will issue $126.5 million in required refunds and pay a $1.1 million penalty, and Colombia's Avianca (AVT_p.CN) will pay $76.8 million in required refunds and pay a $750,000 penalty. El Al Israel Airlines (ELAL.TA) will issue $61.9 million in required refunds and pay a $900,000 penalty, and Mexico's Aeromexico (AEROMEX.MX) will pay $13.6 million in required refunds and a $900,000 fine.

At the same time, the pan-European STOXX 600 (.STOXX) was down 0.4% and an index of European oil and gas stocks was down 0.9%. (.SXEP)The IPO, which priced at the bottom of the expected price range, gave an initial valuation of 2.45 billion pounds ($2.83 billion) for the company. The London stock exchange has suffered the worst year on record for UK IPOs as market volatility persists amid the energy crisis and worsening economic forecasts. So far in 2022, global utility and energy IPOs valued at more than $100 million saw an average 19.9% return after one day, compared with negative returns for European utility and energy IPOs and UK IPOs across all sectors, according to Dealogic data. The last oil and gas producer to float on the main London stock exchange was eastern Mediterranean-focused Energean (ENOG.L) in 2018.

☆ Advertising technology firm Perion Q3 profit jumps, adjusts 2022 estimates
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Nov 9 (Reuters) - Advertising technology firm Perion Network (PERI.TA), reported on Wednesday a 53% rise in quarterly profit as advertisers continue to shift to new ways of targeting customers. The Israel-based company earned 61 cents per diluted share excluding one-time items in the third quarter, up from 40 cents a share a year earlier. The company was forecast to earn 44 cents a share excluding items on revenue of $158 million, according to I/B/E/S data from Refinitiv. Perion narrowed its 2022 outlook to $630 million-$635 million from $620 million-$640 million for annual growth of 32%. It also lifted its estimate for 2022 adjusted earnings before interest, taxes, depreciation and amortisation to more than $120 million from at least $102 million.

☆ UK energy IPOs get a vote of minimal confidence
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 9 (Reuters Breakingviews) - In one sense, Ithaca Energy’s initial public offering on Wednesday was a success. But a 6% drop below its 250 pence listing price on its first day of trading suggests it’s not all good news read more . Ithaca, owned by Israel’s Delek Group (DLEKG.TA), has a newly minted equity value of roughly $2.9 billion, and $1.4 billion of net debt. And Ithaca might have to rethink key growth projects, like oilfield Cambo, if the UK elects a potentially more anti-fossil fuel Labour government in the coming years. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ TSX rises to 2-month high as materials sector jumps
▼ + stars: | 2022-11-08 | by ( Fergal Smith | Juliette Portala | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 114.40 points, or 0.6%, at 19,660.31, its highest closing level since Sept. 14. The materials group, which includes precious and base metals miners and fertilizer companies, added 4.7%. Copper rose 1.7%, while gold was up 2.2% at about $1,712 per ounce as the U.S. dollar and bond yields fell. Its shares rose 12.4% after the company reported quarterly results. Reporting by Fergal Smith in Toronto Additional reporting by Shashwat Chauhan in Bengaluru Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Pang Chin Hin, founder of Malaysian snack Mamee, dies at 92
▼ + stars: | 2022-11-08 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN Business —The founder of Mamee Monster, the iconic Southeast Asian noodle snack brand, has died, the company confirmed Tuesday. Mamee-Double Decker Group, a Malaysian food manufacturer, told CNN Business that Pang Chin Hin died on Saturday at the age of 92. “Without [him] many of our childhoods would be very different,” CEO Pierre Pang Hee Ta, Pang’s grandson, told CNN Business in a statement. Mamee is best known for its colorful packets of crunchy, dry instant noodles, which are typically sold with savory powdered flavoring. The company started off making traditional instant noodles, with packs of vermicelli sold under a brand called Lucky.

Nov 8 (Reuters) - North Sea oil and gas producer Ithaca Energy's (IPO-IHEG.L) planned initial public offering (IPO) in London is set to be priced at the bottom of the range at 250 pence per share, a bookrunner on the deal said on Tuesday. The planned IPO of Ithaca - owned by Tel Aviv-listed Delek Group (DLEKG.TA) - on the London Stock Exchange on Wednesday has been closely watched in an IPO market starved of activity since Russia's invasion of Ukraine. Delek bought Ithaca in April from private equity-backed Siccar Point Energy, already flagging its intention to float. The last oil and gas producer to float on the main London stock exchange was eastern Mediterranean-focused Energean ENOG.L in 2018. Reuters Graphics($1 = 0.8716 pounds)Reporting by Sinchita Mitra in Bengaluru; Editing by Rashmi Aich and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ This 22-year-old survives Lebanon with a bitcoin mining business that's been earning $20,000 a month
▼ + stars: | 2022-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +18 min

Against this backdrop, Abu Daher jumped into the crypto mining business a little over two years ago. Zoom In Icon Arrows pointing outwards Ahmad Abu Daher repairing mining equipment in the basement of a home in Zaarouriyeh. Ahmad Abu DaherIt has been 26 months since Abu Daher first set up shop, and he says that business is thriving. watch nowBuilding a bitcoin mining businessAbu Daher had a few black swan events on his side soon after he broke into crypto mining. In January, police raided a small crypto mining farm in the hydro-powered town of Jezzine, seizing and dismantling mining rigs in the process.

☆ Ithaca Energy IPO set to price at lower end of range - bookrunner
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: 1 min

LONDON, Nov 7 (Reuters) - A planned initial public offering of North Sea oil and gas producer Ithaca Energy (IPO-IHEG.L) is set to price at the lower end of the previously guided range, bookrunners on the deal said on Monday. The revised price guidance is for between 250 and 270 pence per share, compared with the previous price range of 250 to 310 pence, which had implied a market value of 2.5 billion to 3.1 billion pounds. Books were oversubscribed at the revised price range, the bookrunners said, adding they would close on Nov 8. The planned float of Ithaca - owned by Tel Aviv-listed Delek Group (DLEKG.TA) - on the London Stock Exchange has been closely watched in an IPO market starved of activity since Russia's invasion of Ukraine. Reporting by Iain Withers, Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ In California's conservative Little Saigon, a progressive unravelling among Vietnamese Americans switches up Orange County politics and raises the stakes for Republicans
▼ + stars: | 2022-11-07 | by ( Hanna Kang | ) www.businessinsider.com time to read: +15 min

The race in California's 45th House district has put a spotlight on its conservative Vietnamese American voter bloc in Little Saigon. Vietnamese American voters have long leaned conservative while the Asian American vote nationwide for decades trended Democratic. Westminster is the first city in the nation to have a Vietnamese American majority on the council, she added. "But what we've seen pretty clearly is that the Vietnamese community is home to diverse political perspectives." From a larger perspective, Joe said, Steel's strategy is short-sighted because it only reaches the immigrant Vietnamese conservative subgroup.

☆ 'Black Panther' director Ryan Coogler emotionally recalls his last conversation with Chadwick Boseman
▼ + stars: | 2022-11-04 | by ( Randi Richardson | ) www.nbcnews.com time to read: +3 min

“Black Panther” director Ryan Coogler recently described his last conversation with Chadwick Boseman “a couple weeks” before the actor’s death in 2020. “I could tell he was tired.”Director Ryan Coogler and Chadwick Boseman on the set of "Black Panther" in 2018. Coogler and Boseman on the set of "Black Panther" in 2018. ©Walt Disney Co. / Courtesy Everett CollectionTwo days after Boseman died, Coogler wrote a heartfelt note about Boseman and sent it to media outlets. Angela Bassett played Boseman’s mother, Ramonda (affectionally called Queen Mother), in “Black Panther” and is reprising her role in the sequel.

☆ Chadwick Boseman didn’t read the ‘Wakanda Forever’ script before he died
▼ + stars: | 2022-11-04 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Chadwick Boseman did not read the script for “Black Panther: Wakanda Forever” before his death in 2020, according to the film’s director. Ryan Coogler told “Wakanda Forever: The Official Black Panther Podcast” that he offered Boseman a chance to read the script, but, at the time, the actor declined. And she didn’t wanna leave him. But they were joking and laughing.”On the script, Coogler said Boseman “didn’t wanna read it because he didn’t wanna get in the way of whatever notes the studio might have. So he was like, ‘It’s better if I can read it later.’ But I found later that he was too tired to read anything.”

☆ Teva to pay $523 mln to New York as it looks to move past opioid lawsuits
▼ + stars: | 2022-11-03 | by ( Steven Scheer | ) www.reuters.com time to read: +4 min

JERUSALEM, Nov 3 (Reuters) - Teva Pharmaceutical Industries Ltd (TEVA.TA) will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging the company helped fuel the U.S. opioid epidemic. The settlement with New York adds an additional $300 million to Teva's total opioid payouts. James said the Teva settlement concludes the state's litigation against opioid manufacturers and distributors. Citing "continued foreign exchange headwinds", Teva lowered its 2022 revenue estimate to between $14.8 billion and $15.4 billion from a previously forecast $15 billion to $15.6 billion. Teva expects its two branded drugs, Ajovy to treat migraines and Huntington's disease drug Austedo, to reach a combined $1.4 billion in revenue this year.

Companies Teva Pharmaceutical Industries Ltd FollowNov 3 (Reuters) - Teva Pharmaceuticals (TEVA.TA) will pay up to $4.2 billion in the United States to settle claims related to its role in fueling the country's opioid crisis, New York Attorney General Letitia James said on Thursday. The company will pay $523 million to New York state to settle claims in the state, James said. Reporting by Leroy Leo in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Ithaca Energy breathes life into UK stock market as bookrunners eye $3.6 bln listing
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 2 (Reuters) - Ithaca Energy's (IPO-IHEG.L) London listing will be priced at 250 to 310 pence, giving the North Sea oil and gas producer an implied market value of 2.5 billion to 3.1 billion pounds ($2.87 billion to $3.56 billion), bookrunners said on Wednesday. Ithaca, owned by Tel Aviv-listed Delek Group (DLEKG.TA), expects to be eligible for inclusion in the FTSE UK indices. The bookrunners said the listing is expected to have a free float of at least 10%, with the first day of trading on November 9. Goldman Sachs (GS.N) and Morgan Stanley are joint global co-ordinators on the deal while HSBC (HSBA.L), Jefferies (JEF.N) and Bank of America (BAC.N) are joint bookrunners, with ING (INGA.AS) acting as co-lead manager. ($1 = 0.8702 pounds)Reporting by Huw Jones and Sinead Cruise; editing by Jason Neely and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Israel election polls predict Netanyahu just shy of victory
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +2 min

"Netanyahu arrives at election day in good shape, but the battle has not been decided," wrote Haaretz newspaper's political analyst Yossi Verter. A deadlocked election could mean Israel would go to the polls again within months, with Prime Minister Yair Lapid remaining in office as caretaker. read moreThe campaign has largely centred around Netanyahu with security and diplomacy issues, including conflicts with the Palestinians and Iran, taking a back seat. The polls predicted the anti-Netanyahu bloc winning 56 seats and the Arab-led Hadash-Ta'al list, which has said it will not join a coalition, getting four seats. Reporting by Henriette Chacar; Writing by Maayan Lubell; Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.

Some, like fossil fuel-burning Saskatchewan and Alberta, say the federal government's plan for a 2035 net-zero grid is unrealistic. The challenges Canada faces underline how difficult meeting net-zero electrification goals will be globally. Reuters GraphicsUnlike Canada, the United States has a federal electricity regulator and mostly delivers power through regionally integrated systems, which may make it more nimble to transform the grid. Provinces regulate Canada's electricity utilities, but the federal government has some jurisdiction over the environment. The Alberta Electric System Operator in June estimated it would cost an additional C$44 billion to C$52 billion ($38.18 billion) to meet Ottawa's 2035 net-zero mandate.

☆ Top Israeli bank chairman to speak at Saudi investment event
▼ + stars: | 2022-10-25 | by ( Yousef Saba | ) www.reuters.com time to read: +1 min

DUBAI, Oct 25 (Reuters) - The chairman of Israel's Bank Leumi (LUMI.TA) is due to speak at Saudi Arabia's flagship investment conference in Riyadh on Thursday, in the latest sign of a potential thawing in relations between the two countries. In 2020, Riyadh's Gulf allies the United Arab Emirates and Bahrain signed historic U.S.-brokered deals to normalise relations with Israel. Organisers of the FII conference confirmed Bank Leumi chairman Samer Haj Yehia's planned attendance in response to a Reuters query. Bank Leumi, one of Israel's two largest banks, declined to comment. Haj Yehia is the first Arab Israeli to serve as the bank's chairman.

☆ DC's movie and TV division has finally found its own version of Marvel's Kevin Feige
▼ + stars: | 2022-10-25 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

The pair inherit a baggage-heavy DC film universe. Discovery has finally found an executive to lead its DC movie and TV franchise — well, executives, plural, that is. Warner Bros. Since Discovery and WarnerMedia merged earlier this year, Zaslav has been looking for someone to lead DC's movie and TV efforts. Gunn jumped to Warner Bros. and DC after getting temporarily fired from the third "Guardians of the Galaxy" movie in 2018.

☆ Tel Aviv Stock Exchange to restructure and create crypto platform
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Oct 24 (Reuters) - The Tel Aviv Stock Exchange (TASE) (TASE.TA) said on Monday it would reshape its ownership structure and also create a blockchain platform to allow more trading of crypto currencies in an effort to match international standards. TASE, which went public in 2019, said it would create a new publicly traded holding company that will own 100% of the bourse, which will become a private firm. The exchange said it would create a platform for digital assets using blockchain, or distributed ledger technology. This would allow the trading of digital assets while exporting proprietary technological services to smaller foreign exchanges. Over the first half of 2022, the bourse earned operating profit of 47 million shekels ($13 million) versus 55 million in all of 2021.

☆ DC wants to better compete with Marvel movies, but its plan is already facing severe roadblocks
▼ + stars: | 2022-10-20 | by ( Travis Clark | ) www.businessinsider.com time to read: +5 min

Warner Bros. Discovery wants to rebuild the DC universe in the mold of Marvel movies. Warner Bros. confirmed a sequel to "Joker," which exists outside the universes of any of those other projects. The search for such an executive put DC movies president Walter Hamada on the outskirts, and Deadline reported on Wednesday that he had exited. Warner Bros.

☆ Israel eyes government bond issuance via blockchain technology
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Oct 19 (Reuters) - Israel's government is preparing to issue government bonds using a blockchain technology platform, the Tel Aviv Stock Exchange (TASE) said on Wednesday. Implementation of advanced technologies such as blockchain, the TASE said, would reduce costs, shorten the duration issuance and clearing of government bonds, improve transparency and mitigate risks. The issuance is still in the planning stage and the Finance Ministry and TASE (TASE.TA) are examining an application for the sale of digital government bonds on a blockchain platform. Israel's Accountant General and the TASE said they were motivated by developments in financial markets in recent years, including using the Blockchain Distributed Ledger Technology (DLT) as well possible issuance of central bank digital currencies. Register now for FREE unlimited access to Reuters.com RegisterReporting by Steven Scheer; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "TA"

25 mentions found