2022 investment f39;cast raised by 4.8 to NOK 167 bln Pandemicera tax breaks to boost plans for coming years High oil investments underpin Norway rate hikes OSLO, May 27 Reuters Norway39;s oil and gas companies have raised their investment forecasts for 2022 as they take advantage of high petroleum prices and tax incentives to boost […]

Reuters Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a 61 billion cashand stock deal, the chipmaker39;s biggest and boldest bid to diversify its business into enterprise software. The acquisition is the second biggest announced globally so far this year, trailing only Microsoft Corp39;s 68.7 billion deal to buy video game maker […]

May 26 Reuters Alibaba Group, on Thursday said it would not give a forecast for the current fiscal year due to COVID19 risks as it reported its slowest quarterly revenue growth since going public in 2014. The ecommerce giant said coronavirus resurgence in China, and lockdowns imposed to curb its spread in Shanghai and other […]

SINGAPORE, May 25 Reuters KKR has raised 1.1 billion in its inaugural Asia credit fund that provides debt financing to companies, marking what the U.S. private equity firm said was one of the largest such firsttime fundraisings in Asia Pacific. Private credit funds have gained traction in Asia in the last few years as companies tap […]

May 25 Reuters Venture capital giant Andreessen Horowitz said on Wednesday it has raised 4.5 billion for its fourth cryptocurrency fund, bringing its total funds raised for digital currency investments so far to more than 7.6 billion. About 1.3 billion from the fund will be used to invest in seed rounds of startups and 3 […]

May 25 Reuters U.S.based Sempra Energy said on Wednesday it would sell about 2.25 million tonnes per annum Mtpa of liquefied natural gas LNG to Germany39;s largest power producer, RWE AG, which is trying to wean itself off Russian gas. U.S. LNG companies have been exporting record volumes to the European Union following sanctions on Russia […]

To team up with GIP as part of Clearway deal Clearway is fifthbiggest U.S. renewables player PARIS, May 25 Reuters TotalEnergies said on Wednesday it has agreed to buy 50 of Clearway Energy Group, the fifthlargest renewables company in the United States, marking the French group39;s largest U.S renewables energy acquisition. TotalEnergies has been branching out […]

BENGALURU, May 24 Reuters Shares of Delhivery, an Indian logistics startup backed by SoftBank Group, rose as much as 7.6 in their market debut on Tuesday, giving the company a valuation of 379.60 billion rupees 4.89 billion. The Gurugrambased company39;s services include parcel transportation, warehousing, crossborder and supply chain services to more than 23,000 customers, […]

FRANKFURT, May 24 Reuters Siemens Energy on Tuesday said it would reduce management posts by about a third and provide investors with more detail of its business in a bid to become more transparent and nimble. The company, which on Saturday announced a 4.05 billioneuro 4.32 billion bid for the remaining stake in wind turbine unit […]

NEW YORK, May 23 Reuters Bank of America Corp said it was raising its U.S. minimum hourly wage to 22 on Monday, a step closer to its promise of paying workers 25 an hour by 2025. The secondlargest U.S. bank by assets has been steadily raising its minimum hourly wage since 2017, when it was 15, […]