Month: November 2021

Reuters was ahead of the competition reporting Turkey’s rate cut. The central bank pushed forward with an interest rate cut that analysts say ignores a dangerous market meltdown and inflation running near 20%. Policymakers – who are under pressure from President Tayyip Erdogan for stimulus – cut the key rate by 100 basis points to […]

Reuters exclusively reported that the United Arab Emirates (UAE) will require all gold refineries to undergo annual audits to ensure their suppliers are responsible, in an effort to combat illicit trading. Industry figures said this should raise standards in the UAE, one of the world’s biggest bullion trade hubs, but may also shift flows of gold linked […]

Reuters reported exclusively that HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, as part of its plan to make Asia and wealth key pillars of growth. Under a strategy spearheaded by Group CEO Noel Quinn, HSBC is ploughing $3.5 billion into […]

Reuters reported exclusively that Saudi Arabia is in talks with banks to amend the terms of a $16 billion loan due in 2023 and possibly reduce the size of the facility, as the world’s top oil exporter looks to cut outstanding government debt and improve its balance sheet. According to a Reuters source, the potential refinancing could […]

Reuters revealed that India’s financial crime fighting agency has ordered Future Group to submit documents related to its 2019 deal with Amazon.com Inc, as part of an investigation into possible breach of foreign investment laws. The demand indicates heightened scrutiny of a deal which is at the heart of legal battles between Amazon and Future after the […]

Reuters was first to report on Friday that the United States and Qatar had struck an agreement for Qatar to become the U.S. diplomatic representative in Afghanistan, which is being ruled by the Taliban government that Washington does not recognize. Reuters revealed that Qatar would dedicate some of its staff at its Kabul embassy to […]

Reuters exclusively reported that the standard-setter for global trade finance flows, the International Chamber of Commerce (ICC), has proposed a new set of rules to define sustainability in the trade finance arena, worth some $5 trillion a year. While governments and business sectors move quickly to set guidelines for some types of sustainable finance, there are no […]

Reuters broke the news that BNP Paribas is working with advisers to assess a sale of its U.S. arm Bank of the West, as it seeks to retreat from the American retail banking market after struggling to compete with larger rivals. The 147-year old Bank of the West has $99.2 billion of assets and is […]

Shares of CoreSite Realty Corp rose as much 8.6% after Reuters revealed that the U.S. data center operator, which has a market value of more than $8 billion, was working with an investment bank to explore its options after attracting acquisition interest. Reuters sources said that CoreSite has been approached by companies that include American Tower Corp and Digital Realty […]

Reuters was first to report that OneStream Software, which is backed by private equity firm KKR & Co, has hired advisers to help it prepare for an initial public offering (IPO) in New York that could value the software maker at over $10 billion. Rochester, Michigan-based OneStream, which builds software tools and solutions designed for chief financial […]