Search
Search FinNotes
10 matches across 1 sections
Market news & articles
Intel Launches €5 Billion Leixlip Expansion, Says AI and Server Demand Is Raising Intel 3 Needs
Intel said on July 13 it has begun a €5 billion investment at its Leixlip campus to upgrade existing fabrication facilities, add manufacturing equipment and site infrastructure, and expand European Intel 3 wafer output for Xeon 6 and next-generation Xeon products. The company expects most of the spending by end-2027 and said the project will add several hundred jobs.
Deals & Capital Markets · 12 days agoAditya Birla Renewables to Acquire Shell's Sprng Energy in $1.8 Billion India Deal
Shell said its wholly owned unit agreed to sell Solenergi Power, which includes Sprng Energy, to Aditya Birla Renewables for $1.8 billion. The business has about 5 GWp of contracted capacity, with roughly 3.3 GWp operating and 1.7 GWp under construction. Closing is targeted by end-2026, subject to approvals.
Companies & Earnings · 12 days agoReport says DP World is weighing Fujairah port options to route UAE cargo outside Hormuz
Financial Times reporting, cited by Reuters on July 13, said DP World is considering either a new multipurpose port on Fujairah’s Gulf of Oman coast or a container terminal at the existing Fujairah port. The reported concept would allow UAE cargo movements without transiting the Strait of Hormuz, while project structure and financing remain undecided.
Finance & Banking · 18 days agoHSBC declines to renew some private credit facilities, shifts capital toward lower-risk funds
Reports on July 7 said HSBC has informed some private credit clients it will not extend certain lending lines and will stop providing subordinated leverage financing. The bank said some relationships no longer offered returns commensurate with risk and that it will focus on lower-risk funds.
Economy · 20 days agoJune 8: German April Factory Orders Fall 3.8% After March Increase, Led by Euro-Area Weakness
Destatis said German manufacturing orders fell 3.8% in April from March after a 5.0% rise in March. Foreign orders dropped 4.2%, led by an 11.1% decline from the euro area, while domestic orders fell 2.9%. Orders excluding large contracts also slipped 3.8%, and real manufacturing turnover edged up 0.1%.
Energy & Commodities · 20 days agoCanada and Alberta Move Ahead With 1 Million bpd West Coast Oil Pipeline to Expand Non-U.S. Exports
Ottawa said it will refer Alberta’s proposed heavy-crude pipeline to the Major Projects Office for possible national-interest fast-tracking. The project would transport 1 million barrels per day from Alberta to British Columbia’s coast, with Trans Mountain leading development, Pembina investing, and consultations on Indigenous equity participation starting immediately.
Deals & Capital Markets · 20 days agoLime closes above offer price in Nasdaq debut after $167 million IPO
Lime, the scooter and e-bike operator backed by Uber, traded as high as $27 and closed around $26 in its July 1 Nasdaq debut after pricing its IPO at $25 a share. The offering valued the company at about $1.7 billion, and Lime said proceeds would help repay its $115 million term loan.
Deals & Capital Markets · 20 days agoChina Resources New Energy Nearly Triples in Shenzhen Debut After Asia’s Largest IPO of 2026
China Resources New Energy, a China Resources Power unit that develops and operates wind and solar projects, started trading in Shenzhen on July 2 after selling 2.11 billion shares at RMB10.11. The IPO could raise RMB24.5 billion with the greenshoe, and the stock reached RMB30.16 intraday after retail demand remained 683.4 times subscribed following a clawback.
Deals & Capital Markets · 20 days agoKNDS pauses listing plans after investor pricing falls short of shareholders’ €12.5 billion threshold
KNDS said on July 1 it is suspending its planned IPO, citing volatility in European defense stocks and saying preparations were substantially complete. Reuters-based reporting said some investors valued the company below €12 billion, while a key shareholder was unwilling to proceed at less than about €12.5 billion.
Deals & Capital Markets · 24 days agoGetty to terminate $3.7 billion Shutterstock deal after CMA requires editorial-business sale
Getty said its board unanimously decided not to pursue a CMA-supervised divestment of Shutterstock’s editorial business and plans to terminate the merger agreement after the extended July 6, 2026 deadline. The termination would trigger redemption of Getty Images, Inc.’s 10.500% senior secured notes due 2030, and Getty plans to seek advice on financing alternatives.