Month: October 2021

Reuters exclusively reported that Canadian utility Hydro One was seeking deals worth up to C$500 million to boost its customer base. The story also revealed that the Ontario regulator was encouraging more mergers in the sector in order to help reduce power bills for customers. Hydro One was hiring more M&A bankers to execute its […]

Reuters was first to report that Southwest Gas Holdings was in advanced talks to acquire Questar Pipeline Company, a gas transportation and storage business of Dominion Energy Inc that Warren Buffett tried to buy. Southwest Gas confirmed the $2 billion deal two days later, defying calls from activist investor Carl Icahn not to go ahead […]

Reuters reported exclusively that India’s palm oil imports in September more than doubled from a year ago to a record 1.4 million tonnes as buyers increased purchases of refined palm oil ahead of key festivals and to take advantage of newly lowered duties. Higher purchases by India, the world’s biggest buyer of vegetable oils, could […]

Reuters broke the news that the White House and top Democratic lawmakers have agreed to boost a tax credit for industrial carbon capture projects in a deal that could help solidify support for the budget reconciliation bill at the heart of U.S. President Joe Biden’s economic agenda. Reuters sources said the agreement would raise the […]

Reuters examined how China’s electric carmakers are darting into Europe, hoping to catch traditional auto giants cold and seize a slice of a market supercharged by the continent’s drive towards zero emissions. Nio Inc, among a small group of challengers, has launched its ES8 electric SUV in Oslo – the first foray outside China for a […]

Reuters reported exclusively that mining giant De Beers has commissioned a survey of the ocean floor off Greenland’s coast in a first step to determine whether it could hold deposits of highly-prized marine diamonds. Deposits of diamonds, created under high pressure in volcanoes, are known to be present onshore in west Greenland. Offshore diamonds are […]

Reuters exclusively reported that trading firm Vitol has started taking delivery of oil from Russia’s top producer Rosneft under a new long-term supply deal as the two companies deepen their cooperation. Vitol signed a deal in September to buy nine million tonnes per year of Urals and ESPO blends, plus the Sokol grade, from Rosneft. The […]

Reuters exclusively reported that Apple is set to be hit with a European Union antitrust charge next year over its tap-and-go NFC chip technology, a move that puts it at risk of a possible hefty fine and an order to open its payment system to rivals. The iPhone maker has been in EU antitrust chief Margrethe Vestager’s crosshairs since […]

Reuters was first to report that the Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, had decided to stick with its existing pact to gradually increase oil output. OPEC+ have faced calls from big consumers, including the U.S. and India, for extra supplies due to oil surging more than 50% […]

Reuters reported exclusively that Didi Global Inc co-founder and President Jean Liu has told some close associates that she intends to step down, as the Chinese ride-hailing giant faces intense regulatory scrutiny following its New York listing earlier this year. Liu has in recent weeks told some associates that she expected the government to eventually take control […]