Month: November 2021

Reuters reports exclusively that China’s Ping An seeks to sell stake in auto services portal

Reuters reported exclusively that Chinese financial conglomerate Ping An Insurance Group is seeking to offload its 44% stake in auto services portal Autohome. Ping An, which is currently the biggest shareholder of Beijing-based Autohome via an offshore entity, has held talks with several strategic and private equity investors for the stake in recent months. The […]
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Reuters reveals rating agencies say Biden’s spending plans will not add to inflationary pressure; Washington reacts

The inflationary impact of U.S. President Joe Biden’s $1.75 trillion dollar plan for expanding the nation’s social safety net and fighting climate change has been at the center of the political debate in Washington for weeks. In an exclusive report, analysts from leading rating agencies Fitch Ratings and Moody’s Investors Service told Reuters that Biden’s package […]
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Reuters first with market-moving oil news

Reuters was first with a pair of scoops that affected the oil market within hours of each other. First, Reuters reported exclusively on U.S. efforts to bring China, India, South Korea and Japan into a group that would simultaneously release oil supplies from their strategic reserves – a move widely seen as putting pressure on OPEC […]
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