Tag: Factiva Filter

Vodacom will invest approximately US$877 million to establish a joint venture with Community Investment Ventures | Instant News

By Ian Walker Vodacom Group Ltd. said on Wednesday that it is buying a controlling stake in some assets owned by Community Investment Ventures Holdings (Pty) Ltd. to give it a 30% interest in a new joint venture. According to Vodacom, the transaction implies a potential investment of 13.2 billion South African Rand (877.3 million USD). Vodacom will subscribe for new shares in the joint venture company InfraCo for 6 billion South African rand, which […]

Google invests US$1 billion in exchange giant CME to reach a cloud transaction | Instant News

Alphabet Inc. Google, +1.31% Google has invested US$1 billion in futures exchange giant CME CME Group, +0.71% Group Inc. and reached an agreement to migrate the company’s core transaction system to the cloud. According to the agreement, the Google Cloud division of the tech giant will eventually power a market that processes trillions of dollars in transactions every day. The two companies said on Thursday that their 10-year partnership will enable CME to attract new […]

Activision Blizzard stock price has its worst day in 13 years after downgrading | Instant News

Activision Blizzard Inc.’s stock price plummeted on Wednesday after the video game publisher said that as the company seeks to correct its ships after allegations of sexual harassment and discrimination, its two games expected will be postponed. Activision Blizzard ATV, -14.30% According to Dow Jones data, the stock price fell 17% to an intraday low of $64.55, and finally fell 15%, which is expected to be the worst day since November 14, 2008, when the […]

Why Brazil’s Stock Market Struggles because Other Emerging Markets Rebound | Instant News

Brazil’s Chief of General Staff Walter Souza Braga Netto and Minister of Economy Paulo Guedes participated in the New Legal Framework for Basic Sanitation ceremony on July 15, 2020. Pictures of Andressa Anholete / Getty Text size Brazil showed a pulse, economically and politically, after a devastating collision with Covid-19. But the beat looks too weak to trigger a recovery in a depressed stock market. Funds traded on the Brazilian MSCI iShares exchange are inactive […]

Beyond Meat Is Entering Brazil. Stocks usually react well to the news. | Instant News

Text size The idea behind Beyond Meat is to produce protein for human consumption while slaughtering animals. For the approval of Beyond Meat Beyond Meat is developing geographical borders again. The company announced a new partnership on Wednesday to bring alternative protein products to Brazil. Beyond Meat products (ticker: BYND) will begin in 19 locations. Marche in São Paulo. St. Marche is owned by a private equity company L Catterton. “The entry of our market […]