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LG Display to invest $2.6 billion in OLED panel plant in South Korea

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FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo SEOUL (Reuters) – LG Display said on Tuesday that it would invest 3 trillion won ($2.6 billion) in its organic light-emitting diode (OLED) panels production line in South Korea. The Apple supplier earlier forecast a Read More

AFC invests $100 million in Aker Energy’s DWTCTP, offshore Ghana

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7/16/2019 ACCRA — Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, announces today it has financed Aker Energy A.S., a subsidiary of Aker ASA. AFC’s support is through investing in $100 million of convertible bond notes with an intention to participate in follow on fund raising activities. The funds will be used by Read More

Gilead invests $5 billion to deepen ties with biotech Galapagos

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(Reuters) – U.S. antiviral drugmaker Gilead Sciences (GILD.O) will invest $5.1 billion in a major expansion of its partnership with Belgo-Dutch biotech Galapagos NV (GLPG.AS), news that lifted Galapagos’s shares 18 percent to an all-time high on Monday. FILE PHOTO: A Gilead Sciences, Inc. logo is seen outside the company headquarters in Foster City, California, Read More

Gilead invests $5 bln to deepen ties with biotech Galapagos

1 week ago DieselGasoil Comments Off on Gilead invests $5 bln to deepen ties with biotech Galapagos
(Reuters) – U.S. antiviral drugmaker Gilead Sciences (GILD.O) will invest $5.1 billion in a major expansion of its partnership with Belgo-Dutch biotech Galapagos NV (GLPG.AS), news that lifted Galapagos’s shares 18 percent to an all-time high on Monday. FILE PHOTO: A Gilead Sciences, Inc. logo is seen outside the company headquarters in Foster City, California, Read More

‘Any lie will do’: Watch head of US intl broadcast agency LIE to Congress about RT’s funding

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The CEO of the American agency that governs international broadcasting has made a powerful, if blatantly false, sales pitch for his fight against ‘Russian disinformation’… right after saying “any lie will do” for the Kremlin. John Lansing, the CEO of the United States Agency for Global Media (USAGM), which supervises Voice of America and Radio Read More

Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise

3 weeks ago DieselGasoil Comments Off on Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise
(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo SoftBank has Read More

Exclusive: U.S. panel clears SoftBank’s $2.25 billion investment in GM’s Cruise

3 weeks ago DieselGasoil Comments Off on Exclusive: U.S. panel clears SoftBank’s $2.25 billion investment in GM’s Cruise
(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo SoftBank has Read More

Indonesia’s parliament delays approval for levy on plastic bags

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JAKARTA (Reuters) – Indonesian members of parliament have decided to delay confirmation of a government plan for a levy on plastic bags, but the finance minister said she was optimistic the legislation was on track to be adopted this year. Rubbish, most of which is plastics, is seen along a shoreline in Jakarta, Indonesia, June Read More

India asks its regions to reject health foundation funded by tobacco giant Philip Morris

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India’s health ministry has sent a letter to all its state governments, asking them not to collaborate with the Foundation for a Smoke-Free World (FSFW) because of its links to tobacco giant Philip Morris. The letter, seen by Reuters, has been sent as a preventive measure. Similar instructions were likely to be sent to other Read More

Saudi Arabia’s hometown ambitions could clip wealth fund’s wings

4 weeks ago DieselGasoil Comments Off on Saudi Arabia’s hometown ambitions could clip wealth fund’s wings
RIYADH (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) risks being pulled deeper into Crown Prince Mohammed bin Salman’s domestic projects, curbing its international ambitions and tying its fortunes closer to its home market, four sources familiar with its strategy said. FILE PHOTO: Participants look at a sign of the Future Investment Initiative during the Read More