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RUSSIA, CHINA FACE-OFF. With Japan’s export prospects severely curtailed, the global nuclear market is virtually in the hands of Russia’s Rosatom and two Chinese reactor builders. Two other privately owned Western nuclear firms – Westinghouse and France’s Framatome (EDF.PA) – were restructured following losses and have no new foreign orders at the moment. “Without Horizon, Japan is left without a nuclear project abroad boss rusty cufflinks uk online. this is becoming a Russia/China-dominated industry,” said a consultant who advises one of Japan’s nuclear groups..
China has a foot in the door in Britain, where state-owned CGN co-finances EDF’s (EDF.PA) Hinkley Point project and has a deal to build its own reactor, which would be the first Chinese reactor constructed outside Asia. Russia and China are already facing off in Latin America, where a Chinese deal to build a reactor in Argentina seems to be unravelling and Russia is muscling in boss rusty cufflinks uk online. bit.ly/2A8o8cw. An industry source familiar with the situation said China-Argentina talks had stalled. “Something fell apart. It is not an accident that the Russians are there now,” he said..
SINGAPORE (Reuters) – SoftBank Group Corp (9984.T) is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-year old Grab has so far raised over $6.5 billion, led by SoftBank, Chinese ride-hailing firm Didi Chuxing and Toyota Motor Corp (7203.T). After a fund raising in August, Grab was valued at around $11 billion. SoftBank first bought a stake worth $250 million in Grab in 2014 just as Grab began competing with Uber Technologies [UBER.UL] in Southeast Asia boss rusty cufflinks uk online.
Its latest funding in the ride-hailing firm will be made from its Vision Fund, which after raising more than $93 billion last year is the world’s largest private-equity fund. SoftBank is expected to finalize its investment in Grab this month and an announcement is likely next month, said the person, declining to be identified as the information is not public. Grab declined to comment, while a SoftBank spokesman did not have an immediate comment. Reuters reported in October that SoftBank was closing in on a deal to invest about $500 million in Grab, underscoring the tech investment giant’s confidence in the ride-hailing firm’s growth boss rusty cufflinks uk online.
Grab acquired Uber’s Southeast Asian business this year in exchange for a stake in itself and has since expanded its operations rapidly. Grab is looking to use part of the funds to expand further in Indonesia, where it has partnerships with fintech firm OVO and e-commerce platform Tokopedia, the person said boss rusty cufflinks uk online. The firm is looking to transform itself into a leading consumer technology group offering, besides ride-hailing, services such as food delivery, electronic money transfers and mobile payments in one of the world’s fastest-growing markets..