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☆ TIM plunges to hit record lows after latest delay to network deal
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +3 min

Under a preliminary agreement sealed in May and sponsored by Italy's outgoing government, state lender CDP and TIM had aimed for a binding deal by the end of October but that deadline will now slip. read moreCDP's approach is part of a long-held plan to combine TIM's fixed network assets with those of state-backed rival Open Fiber to create a single national network operator under CDP control. TIM shares fell as much as 3.5% to hit a record low at 0.1743 euros. Divergences on valuations have complicated negotiations, with TIM's top investor Vivendi (VIV.PA) seeking 31 billion euros, some 10-15 billion above CDP's valuation, sources have said. The approach valued the venture at 6 billion euros, a price tag deemed inadequate by TIM, sources had previously said.

☆ Wall Street titans to join Nov 2 summit in Hong Kong as COVID rules relaxed
▼ + stars: | 2022-09-29 | by ( Scott Murdoch | Donny Kwok | ) www.reuters.com time to read: +2 min

HONG KONG (Reuters) -The heads of some of the world’s top banks and asset managers will attend an investment summit in Hong Kong on Nov. 2, the city’s financial regulator said on Thursday, signalling a re-opening of the financial hub after strict pandemic-linked curbs. Goldman Sachs Group Inc CEO David Solomon, Citigroup Inc head Jane Fraser, Morgan Stanley boss James Gorman and BlackRock Inc President Rob Kapito will be among the speakers at the Global Financial Leaders’ Investment Summit, the Hong Kong Monetary Authority (HKMA) said. Hong Kong’s unrelenting COVID curbs have battered its economy and standing as a financial centre. Some banks had warned top bosses would not attend if any restrictions remained in place. HKMA Chief Executive Eddie Yue said on Thursday the final guidelines for those attending the summit were still being finalised.

"As a key long-term partner, the ADB stands ready to provide further support," the bank's president, Masatsugu Asakawa, told reporters at its annual gathering. read more"So we are working closely with the government in supporting the country in this challenging time," he added. However, Asia has become more resilient against financial turmoil, with an improved current account balance and sufficient accumulation of foreign reserves, than it was during the Asian financial crisis of the late 1990s, he added. "It's always a good thing to be very vigilant on this broader capital movement," he added. "I'm also trying to enhance our regional financial co-operation efforts, including that of ASEAN+3," he said, referring to a grouping of China, Japan and South Korea with southeast Asian nations.

☆ Factbox: Companies potentially affected by Italy's election
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +5 min

A woman walks at a polling station during the snap election in Rome, Italy September 25, 2022. read moreHere is a list of companies that could be affected by the outcome of the election. The change of government and calls by Meloni to revisit Italy's national recovery plan could threaten Italy's ability to meet the commitments to which European Union post-pandemic funds are tied. Brothers of Italy welcomed CDP's decision to wait for the election before filing its non-binding bid for TIM's network. read moreBrothers of Italy has called for the new government to be allowed to make a final decision on ITA.

☆ UK watchdog clarifies post-Brexit conditions for share trading licences
▼ + stars: | 2022-09-22 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterSignage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby MelvilleLONDON, Sept 22 (Reuters) - Britain's financial watchdog set out plans on Thursday to clarify which operators must be licensed to trade stocks and bonds in its latest post-Brexit move to keep London's capital market competitive. Register now for FREE unlimited access to Reuters.com RegisterThe watchdog said it won't change the legal perimeter which determines mandatory licensing for trading venues, but is clarifying where that border lies. In its paper, the watchdog said a multilateral trading platform which requires a licence comprises multiple third-party buying and selling trading interests in financial instruments, such as stocks and bonds. Register now for FREE unlimited access to Reuters.com RegisterReporting by Huw Jones; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ World leaders pledge more support for nature ahead of UN summit
▼ + stars: | 2022-09-21 | by ( Gloria Dickie | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo Munoz/File PhotoLONDON, Sept 21 (Reuters) - World leaders on Tuesday stepped up financial support and conservation commitments to combat the global biodiversity crisis that threatens more than one million plant and animal species with extinction. Nations will soon gather in Montreal, Canada, for a critical U.N. biodiversity summit (COP15) to finalise and adopt a framework to protect and conserve nature. "We will continue to mobilize global support to reach this target and protect biodiversity around the planet." Currently, about 17% of the world's land area is under protection, according to a 2021 report by the World Economic Forum. But just 7% of the global ocean is under some sort of conservation scheme, with less than 3% highly protected.

☆ Teva expects to start paying U.S. opioid settlement in 2023
▼ + stars: | 2022-09-19 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

The CEO of Teva Pharmaceutical Industries Kare Schultz speaks during a news conference to discuss the company's 2019 outlooks in Tel Aviv, Israel February 19, 2019. REUTERS/Amir Cohen/File PhotoTEL AVIV, Sept 18 (Reuters) - Teva Pharmaceutical Industries (TEVA.TA) expects to finalise an opioid settlement in the United States by year-end and start paying in 2023, its chief executive said on Sunday, while confirming he was unlikely to renew his contract next year. "So, by the end of the year, you should have this clarification that it all comes together and we will start paying next year." Questioning the low share price, Schultz noted that Teva has a price-earnings ratio of about 3.5, whereas a normal rate should be 10. He suggested that the low share price largely stemmed from high debt, which has come down to $20 billion from $34 billion, and the opioid litigation.

The logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo SchmuelgenLONDON/FRANKFURT, Sept 19 (Reuters) - German utilities RWE (RWEG.DE) and Uniper (UN01.DE) are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar's North Field Expansion project to help replace Russian gas, three sources familiar with the matter said. Qatar Energy did not immediately respond to a request for comment. Uniper told Reuters on Monday that it remained in talks with Qatar but had not reached a deal. read moreGULF TRIPAt the moment, the two utilities buy LNG from Qatar on the spot market.

☆ UNICEF Specific Call for Expression of Interest, Development of Early Detection and Early Intervention Services
▼ + stars: | 2020-11-20 | by ( Alte Articole | ) www.civic.md time to read: +6 min

The purpose of this Open Call for Expression of Interest is to identify eligible Civil Society Organisations (CSOs) for prospective partnerships supporting the delivery of the UNICEF implemented component of “Development of Early Detection and Early Intervention Services” of the EU4Moldova: Focal Regions programme. The maximum budget allocated for activities under this call for expression of interest is 60,000 EUR. UNICEF responses to any queries or clarification requests will be made available to all online www.unicef.md before the deadline for submission of applications. It should be noted that participation in this Open Call for Expression of Interest does not guarantee the CSO will be ultimately selected for partnership with UNICEF. Applicant CSOs will be informed of the outcome of their submissions by communication sent out to the email/postal address that is indicated in the CSO submission.

Persons: August, Perdivar, Ana Perdivar Organizations: UNICEF, Country, UNICEF Moldova Locations: partnership, expertise, Cahul, Ungheni, chisinau, Chisinau, Republic, Moldova, English, Chișinău, Republica Moldova

☆ UNICEF Specific Call for Expression of Interest, Strengthening capacities, development and empowerment of Adolescents and Youth in Cahul and Ungheni regions
▼ + stars: | 2020-11-20 | by ( Alte Articole | ) www.civic.md time to read: +6 min

The purpose of this Open Call for Expression of Interest is to identify eligible Civil Society Organisations (CSOs) for prospective partnerships supporting the delivery of the UNICEF implemented component of the EU4Moldova: Focal Regions programme on “Strengthening capacities, development and empowerment of Adolescents and Youth in Cahul and Ungheni regions". The maximum budget allocated for activities in both regions (Cahul and Ungheni), under this call for expression of interest is 154,000 EUR. It should be noted that participation in this Open Call for Expression of Interest does not guarantee the CSO will be ultimately selected for a partnership with UNICEF. Applicant CSOs will be informed of the outcome of their submissions by communication sent out to the email/postal address that is indicated in the CSO submission. Bugetul maxim alocat pentru activitățile din ambele regiuni (Cahul și Ungheni) din cadrul prezentei cereri de exprimare a interesului este de 154.000 EUR.

Persons: August, Perdivar Organizations: UNICEF Moldova, UNICEF Locations: Cahul, Ungheni, partnership, expertise, chisinau, Chisinau, Republic, Moldova, English, Chișinău, Republica Moldova

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