Reuters exclusively reported that Japan’s national and Tokyo governments are seeking a 700 billion yen ($4.7 billion) valuation for Tokyo Metro as they prepare to list the subway operator as early as October-end, in what would be the nation’s biggest IPO in roughly six years. The two governments, which own 100% of Tokyo Metro, plan to arrange a meeting of brokerages within a week for a briefing on the IPO and expect to receive approval for the listing from the Tokyo Stock Exchange as soon as mid-September, the sources said.
Business
Japan, Tokyo governments target $4.7 bln valuation for Tokyo Metro in IPO
Business & FinanceEconomy
19 August 2024, 8:25 pm 1 minute
Market Impact
With half the company to be sold, the initial public offering could raise 350 billion yen at that valuation, which would exceed the size of Kokusai Electric’s IPO last year and become the largest since SoftBank Group listed its wireless unit in 2018.
Article Tags
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Business & FinanceEconomy & Policy
Regions: Asia
Countries: Japan
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Continue Reading
Business & Finance
09 August 2024, 10:57 pm 1 minute
Reuters exclusively reported that China’s securities regulator has ordered some brokerages to inspect their bond trading activities as authorities seek to rein in frenzied buying of Chinese government bonds. The brokerages, all of which are domestic, have been told to conduct compliance checks on all parts of their bond trading operations.
Market Impact
A wobbly Chinese economy, long hobbled by a protracted property crisis, has sent investors scurrying away from the volatile stock market while banks have also continued to cut deposit rates. That’s sent investors – from large banks and insurers to mutual funds to rural financial institutions – pouring into the bond market.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Technology
03 June 2024, 8:32 pm 1 minute
Reuters exclusively reported that Arm Holdings aims to gain more than 50% of the Windows PC market in five years as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British chip designer’s technology.
Market Impact
Demand for use of Arm’s technology in personal computers got a boost after Microsoft unveiled ambitious plans last month to launch a new breed of PCs with artificial intelligence features to compete with Alphabet and Apple.
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
The calls and texts came seemingly at random, on landlines and mobile phones across southern Lebanon and parts of Beirut. They left their recipients, ground down by almost a year of conflict, with little doubt about what to expect.
“Hizbollah is forcing the Israeli army to act against its terrorist infrastructure in your villages,” a voice in slightly accented Arabic said to the thousands of people contacted on Monday. “Residents of this area must leave your homes now . . . because we do not wish to harm you.”
The warnings from Israel had echoes of those it gave to Palestinians in Gaza ahead of new offensives, and within hours Lebanon too felt the brunt of Israel’s heaviest bombardment of the country in decades.
Israel’s military struck hundreds of targets stretching across southern and eastern Lebanon, killing 356 people and injuring more than 1,200, according to the Lebanese health ministry.
No day had been as bloody in Lebanon since Israeli tanks rolled over its border in 2006, triggering a 34-day war with Hizbollah.
As the air strikes rolled through Monday, panic spread through swaths of Lebanon.
The country had been gripped by angst since Iran-backed Hizbollah launched rockets at Israel the day after Hamas’s deadly assault on southern Israel last October. For many, a land war felt all but inevitable.
“It’s massacre upon massacre upon massacre,” said Abboudi, an emergency responder in Nabatiyeh, southern Lebanon, who spent the day dodging air strikes and transporting victims to nearby hospitals.
Monday’s violence hit a country still haunted by its civil war, which saw various sectarian militias brutalise one another and their respective communities from 1975 to 1990.
When it ended, Beirut was in ruins, as was its social fabric, the ravages of war visible in every neighbourhood.
The country has been shaken by bouts of violence and instability since, not least the devastating 2006 war with Israel, and the 2020 Beirut port blast, which killed more than 200 people, injured thousands more and levelled parts of the city.
Praised for their resilience, Lebanese citizens often wonder how much more they and their small country can take.
Lebanon’s health ministry on Monday said women, children and medics were among the dead. Footage on social media showed them bloodied and broken, being pulled from rubble.
Tens of thousands of people fled north in a chaotic exodus, packed tightly into cars that jammed the main highway all the way to Beirut, as plumes of smoke rose behind them.
WhatsApp groups sprang up with offers of housing for the displaced, while schools were converted into emergency shelters.
“We have no idea where to go and my children are hungry,” Abu Ali Ahmad desperately asked a police man in Beirut, after arriving in a pick-up truck with his wife and four children.
Others were frantically heading to supermarkets to stock up on canned goods and fuel, running errands they thought they wouldn’t be able to once the war “really” began.
University student Abir Hammoud said she had been “paralysed with fear” waiting for her mother to pick her up after classes were cancelled.
With traffic across the city at a standstill, she found comfort by donating blood. “I don’t know what else to do,” Hammoud said.
Monday was the culmination of a devastating week for both Lebanon and Hizbollah, its most powerful political and military force.
Mass detonations ripped through the militant group’s communications devices, killing 37 people, followed by an air strike that wiped out two senior commanders, more than a dozen elite officers and scores more civilians on Friday.
It was a stinging blow to Hizbollah that undermined its credibility in the eyes of its members and support base. Some in Beirut speculated that Monday’s warnings to residents were designed to further weaken their spirits.
With around 110,000 people already displaced along Lebanon’s southern border, it was not clear how many people would be affected by Israel’s warnings. But there were still several thousand people living within 5km of the border, according to government data.
Israel has accused Hizbollah of transforming entire communities in the south into military zones, hiding rocket launchers and other infrastructure in residential communities from which it draws support.
The Israeli warnings left open the possibility that some residents could be living in or near targeted structures, without knowing that they are at risk.
That uncertainty was the final straw for many fleeing north on Monday.
“I stayed as long as I could, I really did,” said Nelly Abboud, who packed her car with her three kids and left Nabatiyeh to stay with relatives in Beirut. “But I couldn’t take it any more — I don’t want to die, I don’t want my kids to die.”
As she drove north, Israeli Prime Minister Benjamin Netanyahu urged the Lebanese people to “get out of harm’s way now”. “Once our operation is finished, you can come back safely to your homes,” he said.
“How can we believe anything they say?” asked Abboud. “My parents stayed behind . . . because they know Israel wants to make them leave and seize their land. We know this has been the Israeli strategy since day one.”
Data visualisation by Steven Bernard
DealsEnergy
02 October 2023, 12:41 pm 1 minute
Reuters was first to report that the Mexican state energy company Pemex has received a settlement worth more than $30 million from Vitol, including a $23 million cash payment, over a graft scandal that halted deals with the Swiss-based trader, documents showed.
Market Impact
In return, Pemex has lifted its three-year ban on business with the world’s largest independent commodities trader, according to the settlement, the terms of which have not previously been reported.
Article Tags
Topics of Interest: DealsEnergy
Type: Reuters Best
Sectors: Business & FinanceCommodities & Energy
Regions: AmericasNorth America
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Business & Finance
14 August 2024, 8:15 pm 1 minute
Reuters was first to report that billionaire investor William Ackman built new stakes in sportswear company Nike during the second quarter. A regulatory filing reviewed by Reuters showed that Ackman’s hedge fund Pershing Square Capital Management owned roughly 3 million shares of Nike, amounting to a roughly 0.19% ownership. Nike’s stock, which has tumbled 26% since January, rose 4% in after-market trading.
Market Impact
Nike’s stock, which has tumbled 26% since January, rose 4% in after-market trading.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
CommoditiesEnergy
07 June 2024, 7:28 pm 1 minute
Reuters was first to report that Norwegian pipeline operator Gassco suffered an outage of gas exports to Britain that pushed Europe’s benchmark gas price to its highest level this year. Reuters revealed that the outage was caused by problems onboard an offshore platform, and later also broke the news when the flow of gas resumed after five days.
Market Impact
Norway in 2022 overtook Russia as Europe’s biggest gas supplier after Moscow’s invasion of Ukraine, meeting roughly a quarter of the continent’s demand and making any outages at Norwegian fields a possible trigger for higher prices.
Article Tags
Topics of Interest: CommoditiesEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: Norway
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
-
Womens Workouts2 hours ago3 Day Full Body Women’s Dumbbell Only Workout
-
News5 days agoYou’re a Hypocrite, And So Am I
-
Sport4 days agoJoshua vs Dubois: Chris Eubank Jr says ‘AJ’ could beat Tyson Fury and any other heavyweight in the world
-
Science & Environment5 days agoHow to unsnarl a tangle of threads, according to physics
-
Science & Environment4 days ago‘Running of the bulls’ festival crowds move like charged particles
-
Technology6 days agoWould-be reality TV contestants ‘not looking real’
-
News1 day agoOur millionaire neighbour blocks us from using public footpath & screams at us in street.. it’s like living in a WARZONE – WordupNews
-
CryptoCurrency4 days agoEthereum is a 'contrarian bet' into 2025, says Bitwise exec
-
CryptoCurrency4 days agoDZ Bank partners with Boerse Stuttgart for crypto trading
-
Science & Environment5 days agoWhy this is a golden age for life to thrive across the universe
-
Science & Environment4 days agoQuantum ‘supersolid’ matter stirred using magnets
-
Science & Environment5 days agoSunlight-trapping device can generate temperatures over 1000°C
-
Health & fitness5 days agoThe secret to a six pack – and how to keep your washboard abs in 2022
-
Science & Environment5 days agoLiquid crystals could improve quantum communication devices
-
CryptoCurrency4 days agoBitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam: Asia Express
-
CryptoCurrency4 days agoCardano founder to meet Argentina president Javier Milei
-
CryptoCurrency4 days agoDorsey’s ‘marketplace of algorithms’ could fix social media… so why hasn’t it?
-
CryptoCurrency4 days agoLow users, sex predators kill Korean metaverses, 3AC sues Terra: Asia Express
-
CryptoCurrency4 days agoBitcoin bulls target $64K BTC price hurdle as US stocks eye new record
-
Travel1 day ago
Where Retro Glamour Meets Modern Chic in Athens, Greece
-
News4 days ago
Israel strikes Lebanese targets as Hizbollah chief warns of ‘red lines’ crossed
-
Science & Environment4 days agoHyperelastic gel is one of the stretchiest materials known to science
-
Science & Environment5 days agoMaxwell’s demon charges quantum batteries inside of a quantum computer
-
Science & Environment5 days agoQuantum forces used to automatically assemble tiny device
-
News4 days agoBrian Tyree Henry on voicing young Megatron, his love for villain roles
-
Science & Environment5 days agoITER: Is the world’s biggest fusion experiment dead after new delay to 2035?
-
Science & Environment5 days agoHow to wrap your mind around the real multiverse
-
Science & Environment5 days agoPhysicists are grappling with their own reproducibility crisis
-
Science & Environment4 days agoNuclear fusion experiment overcomes two key operating hurdles
-
CryptoCurrency4 days agoRedStone integrates first oracle price feeds on TON blockchain
-
CryptoCurrency4 days agoSEC asks court for four months to produce documents for Coinbase
-
CryptoCurrency4 days agoVitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut?
-
CryptoCurrency4 days agoBlockdaemon mulls 2026 IPO: Report
-
Science & Environment1 day agoMeet the world's first female male model | 7.30
-
Sport4 days agoUFC Edmonton fight card revealed, including Brandon Moreno vs. Amir Albazi headliner
-
Technology4 days agoiPhone 15 Pro Max Camera Review: Depth and Reach
-
Science & Environment4 days agoHow one theory ties together everything we know about the universe
-
Science & Environment5 days agoLaser helps turn an electron into a coil of mass and charge
-
Science & Environment5 days agoQuantum time travel: The experiment to ‘send a particle into the past’
-
CryptoCurrency4 days ago2 auditors miss $27M Penpie flaw, Pythia’s ‘claim rewards’ bug: Crypto-Sec
-
CryptoCurrency4 days agoJourneys: Robby Yung on Animoca’s Web3 investments, TON and the Mocaverse
-
CryptoCurrency4 days ago
$12.1M fraud suspect with ‘new face’ arrested, crypto scam boiler rooms busted: Asia Express
-
CryptoCurrency4 days agoCertiK Ventures discloses $45M investment plan to boost Web3
-
CryptoCurrency4 days agoVonMises bought 60 CryptoPunks in a month before the price spiked: NFT Collector
-
CryptoCurrency4 days ago‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec
-
CryptoCurrency4 days ago‘No matter how bad it gets, there’s a lot going on with NFTs’: 24 Hours of Art, NFT Creator
-
Business4 days ago
How Labour donor’s largesse tarnished government’s squeaky clean image
-
CryptoCurrency4 days agoCoinbase’s cbBTC surges to third-largest wrapped BTC token in just one week
-
News3 days agoBangladesh Holds the World Accountable to Secure Climate Justice
-
News4 days agoChurch same-sex split affecting bishop appointments
-
Politics6 days agoTrump says he will meet with Indian Prime Minister Narendra Modi next week
-
Politics4 days agoLabour MP urges UK government to nationalise Grangemouth refinery
-
Science & Environment5 days agoTime travel sci-fi novel is a rip-roaringly good thought experiment
-
CryptoCurrency4 days agoHelp! My parents are addicted to Pi Network crypto tapper
-
CryptoCurrency4 days agoCrypto scammers orchestrate massive hack on X but barely made $8K
-
Science & Environment4 days agoWhy we need to invoke philosophy to judge bizarre concepts in science
-
CryptoCurrency4 days agoSEC sues ‘fake’ crypto exchanges in first action on pig butchering scams
-
CryptoCurrency4 days agoElon Musk is worth 100K followers: Yat Siu, X Hall of Flame
-
CryptoCurrency4 days agoBitcoin price hits $62.6K as Fed 'crisis' move sparks US stocks warning
-
CryptoCurrency4 days agoCZ and Binance face new lawsuit, RFK Jr suspends campaign, and more: Hodler’s Digest Aug. 18 – 24
-
CryptoCurrency4 days agoTelegram bot Banana Gun’s users drained of over $1.9M
-
CryptoCurrency4 days agoEthereum falls to new 42-month low vs. Bitcoin — Bottom or more pain ahead?
-
CryptoCurrency4 days agoETH falls 6% amid Trump assassination attempt, looming rate cuts, ‘FUD’ wave
-
Politics4 days ago
‘Appalling’ rows over Sue Gray must stop, senior ministers say | Sue Gray
-
News4 days ago
Brian Tyree Henry on voicing young Megatron, his love for villain roles
-
CryptoCurrency4 days agoBitcoin options markets reduce risk hedges — Are new range highs in sight?
-
Womens Workouts3 days agoBest Exercises if You Want to Build a Great Physique
-
News4 days agoPolice chief says Daniel Greenwood 'used rank to pursue junior officer'
-
Technology4 days agoFivetran targets data security by adding Hybrid Deployment
-
Money5 days agoWhat estate agents get up to in your home – and how they’re being caught
-
Technology7 days ago‘The dark web in your pocket’
-
Business6 days agoGuardian in talks to sell world’s oldest Sunday paper
-
Science & Environment4 days agoHow to wrap your head around the most mind-bending theories of reality
-
Technology6 days agoCan technology fix the ‘broken’ concert ticketing system?
-
News7 days agoDid the Pandemic Break Our Brains?
-
Fashion Models4 days agoAchtung Magazine
-
Politics6 days agoTrump Media breached ARC Global share agreement, judge rules
-
Science & Environment4 days agoA new kind of experiment at the Large Hadron Collider could unravel quantum reality
-
Fashion Models4 days agoMixte
-
Science & Environment4 days agoHow Peter Higgs revealed the forces that hold the universe together
-
News5 days ago▶️ Media Bias: How They Spin Attack on Hezbollah and Ignore the Reality
-
Science & Environment5 days agoTake a look behind the scenes at the world’s largest fusion experiment
-
Science & Environment5 days agoNerve fibres in the brain could generate quantum entanglement
-
Business6 days ago
Glasgow to host scaled-back Commonwealth Games in 2026
-
Politics6 days agoLib Dems aim to turn election success into influence
-
CryptoCurrency4 days agoReal-world asset tokenization is the crypto killer app — Polygon exec
-
CryptoCurrency4 days agoDecentraland X account hacked, phishing scam targets MANA airdrop
-
CryptoCurrency4 days agoBeat crypto airdrop bots, Illuvium’s new features coming, PGA Tour Rise: Web3 Gamer
-
CryptoCurrency4 days agoMemecoins not the ‘right move’ for celebs, but DApps might be — Skale Labs CMO
-
Business4 days ago
Thames Water seeks extension on debt terms to avoid renationalisation
-
Politics4 days ago
The Guardian view on 10 Downing Street: Labour risks losing the plot | Editorial
-
Politics4 days agoI’m in control, says Keir Starmer after Sue Gray pay leaks
-
Business4 days ago
UK hospitals with potentially dangerous concrete to be redeveloped
-
Politics4 days ago
‘Hundreds’ of prisoners freed early in England and Wales not fitted with tags | Prisons and probation
-
News4 days ago“Beast Games” contestants sue MrBeast’s production company over “chronic mistreatment”
-
News4 days agoSean “Diddy” Combs denied bail again in federal sex trafficking case
-
News4 days agoSean “Diddy” Combs denied bail again in federal sex trafficking case in New York
-
Money4 days agoBritain’s ultra-wealthy exit ahead of proposed non-dom tax changes
-
Money3 days agoNext warns it could close stores and halt openings over equal pay claim appeal
-
Money3 days agoCan the UK’s bold gamble on capital market regulation steer it to success?
You must be logged in to post a comment Login