Latest news with #BenoitTessier
The Star
17 hours ago
- Business
- The Star
ARK 21Shares Bitcoin ETF to undergo 3-for-1 share split on June 16
FILE PHOTO: Representations of cryptocurrency bitcoin are seen in this illustration picture created in Paris, France, March 9, 2024. REUTERS/Benoit Tessier/Illustration/File Photo (Reuters) -21Shares US said on Monday it will carry out a 3-for-1 share split of its ARK 21Shares Bitcoin ETF to make the fund more accessible to investors, with the move set to take effect at market open on June 16. The approval of such spot bitcoin ETFs in January 2024 by the U.S. Securities and Exchange Commission, marked a watershed moment for the digital assets industry, ending a decade-long wait and signaling growing regulatory acceptance. The funds, which have rapidly grown in popularity, offer direct exposure to bitcoin through traditional markets, allowing institutions and other investors to participate without holding the token, bolstering credibility and inflows into the sector. ARKB has gained almost 12% so far this year and nearly 27% quarter-to-date. It closed trading at $104.25 on Monday. Meanwhile, bitcoin, the world's largest and most widely recognized cryptocurrency, has also climbed above the $100,000 mark, a level seen as key by many market participants. Companies typically split shares to lower the trading price per unit, aiming to attract a broader base of retail investors and improve liquidity. The share split will not affect ARKB's net asset value, ticker symbol, or investment strategy, and its shares will continue trading under the same CUSIP, the company said. (Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta)
The Star
7 days ago
- Sport
- The Star
Soccer-Al-Duhail part ways with French coach Galtier
FILE PHOTO: Soccer Football - Ligue 1 - Paris St Germain v Clermont - Parc de Princes, Paris, France - June 3, 2023 Paris St Germain coach Christophe Galtier before the match REUTERS/Benoit Tessier (Reuters) -Al-Duhail's French manager Christophe Galtier has left the club after they decided not to renew his contract, the Qatar Stars League outfit said on Tuesday. The 58-year-old's Al-Duhail side finished second in the league, two points behind Al-Sadd, who beat them in the Qatar Cup final on penalties. They also exited the Emir Cup early. "The management of Al Duhail Sports Club extends its sincere thanks and appreciation to the technical director of the first team, Mr Christophe Galtier, and his coaching staff following the end of his contract with the club. We wish them all the best in their next endeavors," the club said on X. Al-Duhail appointed former Paris St Germain manager Galtier in October 2023 to replace Argentine Hernan Crespo. (Reporting by Ashraf Hamed Atta; Editing by Ken Ferris)
The Star
27-05-2025
- Business
- The Star
Salesforce nears $8 billion deal for Informatica, WSJ reports
A logo of Salesforce is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier/File Photo (Reuters) -Salesforce is nearing a roughly $8 billion deal for data-management software firm Informatica, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The cloud-software giant is expected to pay $25 per share for Informatica, in a deal set to be announced later in the day, the report said. Salesforce and Informatica did not immediately respond to Reuters' requests for comment. Informatica shares jumped 7% to $24.1 in premarket trading, while Salesforce stock was up 1.6%. Informatica is exploring a sale after attracting renewed takeover interest from suitors, including Salesforce, a person familiar with the matter told Reuters on Friday. Salesforce and Informatica abandoned their advanced talks for a deal in April 2024 after failing to agree on the terms. (Reporting by Aditya Soni in Bengaluru; Editing by Leroy Leo)
The Star
22-05-2025
- Business
- The Star
Exclusive-FTC probes Media Matters over Musk's X boycott claims, document shows
FILE PHOTO: A view of signage at the Federal Trade Commission (FTC) headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier/File Photo/File Photo (Reuters) -The U.S. Federal Trade Commission has demanded documents from Media Matters about possible coordination with other media watchdogs accused by Elon Musk of helping orchestrate advertiser boycotts of X, according to a document seen by Reuters on Thursday. The civil investigative demand seen by Reuters seeks information about Media Matters' communications with other groups that evaluate misinformation and hate speech in news and social media, including a World Federation of Advertisers initiative called Global Alliance for Responsible Media. X has ongoing lawsuits against both organizations. The probe marks an escalation in U.S. government scrutiny of whether groups like Media Matters helped advertisers coordinate to pull ad dollars from X after Musk bought the social media site formerly known as Twitter in 2022. The demand seeks all documents Media Matters, a Washington, D.C.-based liberal advocacy group, has produced or received in the X lawsuit related to advertiser boycotts. FTC Chairman Andrew Ferguson, who was appointed by President Donald Trump to run the agency, highlighted the potential for a probe in December. "We must prosecute any unlawful collusion between online platforms, and confront advertiser boycotts which threaten competition among those platforms," Ferguson said in a statement on an unrelated case. The U.S. House Judiciary Committee, chaired by Republican member Jim Jordan, accused the Global Alliance for Responsible Media last year of coordinating an illegal group boycott. The initiative was shut down in August. A spokesperson for the FTC declined to comment. Media Matters and the World Federation of Advertisers did not immediately respond to a request for comment. An investigative demand is not proof of wrongdoing, and not all investigations result in the FTC taking enforcement action. Advertising spending on X is set to increase in 2025 for the first time since Musk bought it in 2022, research firm Emarketer said in March, but it remains below its pre-Musk level. The Tesla CEO was a major donor to Trump's 2024 presidential campaign and runs his initiative to slash the federal workforce. Last year, X sued the World Federation of Advertisers and a group of major brands in federal court in Texas, accusing them of illegally conspiring to curtail ad spending. The group has asked a judge to dismiss the lawsuit, contending that advertisers chose other platforms based on their concerns about X's commitment to brand safety. Media Matters and X are battling each other in federal courts in Texas and California. X sued Media Matters in 2023, accusing the organization of defaming it in an article that said ads for major brands had appeared next to posts on X that touted far-right extremist content. Media Matters has denied the allegations, and sued X, accusing it of abusive, costly and meritless lawsuits to punish the group for its reporting on advertising on X after Musk purchased the site. The organization has said defending against X's claims has cost it millions of dollars. (Reporting by Mike Scarcella in Washington and Jody Godoy in New York; Editing by Chris Sanders and Matthew Lewis)
The Star
19-05-2025
- Business
- The Star
Thales, Radiall, FoxConn explore semiconductor assembly plant in France
FILE PHOTO: A logo of Thales is seen during the 2024 full-year results presentation presser in Paris, France, March 4, 2025. REUTERS/Benoit Tessier/File Photo (Reuters) - French defence group Thales, connector maker Radiall and Taiwan's FoxConn have begun preliminary talks to establish a semiconductor assembly and test facility in France, they said on Monday. The proposed plant would focus on outsourced semiconductor assembly and test (OSAT) operations, with production capacity expected to exceed 100 million system-in-package (SiP) units annually by 2031. "This initiative is expected to aggregate additional European industrial actors," Thales said in a statement, adding the total investment would exceed 250 million euros ($272 million). The companies did not disclose potential locations within France or a timeline for final investment decisions. The project would represent a significant boost to Europe's semiconductor manufacturing capabilities as the region seeks greater technological sovereignty. (Reporting by Gianluca Lo Nostro in Gdansk, editing by Milla Nissi-Prussak)
