Month: December 2021

Reuters exclusively reported that the Russia’s central bank would like to ban investments in cryptocurrencies in Russia because it sees risks to financial stability in the rising number of crypto transactions. Leading cryptocurrency bitcoin fell after the Reuters report. Commenting on the Reuters report, Elvira Nabiullina, governor of the central bank, said the regulator could […]

Big Tech has enjoyed years of unfettered growth, but now the U.S., EU, China and India have launched unprecedented crackdowns on some of the biggest names in the business. Lawmakers and regulators are going after anti-competitive practices and looking at privacy and security at companies such as Facebook and Apple, Google and Amazon. Reuters is keeping […]

Reuters took readers on a deep dive into how Wall Street analysts are scratching their heads over the extent to which an arcane new derivatives rule will affect the performance of big banks as they wrap up the fourth quarter. The rule is one of a slew of measures introduced by regulators to discourage banks from […]

Reuters broke the news that a sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexican state oil company Pemex has been delayed until next year. Sources said a review of the deal by U.S. Committee on Foreign Investment in the United States had been expected to wrap up this month, but there […]

Reuters reported exclusively that a group of U.S. lawmakers is asking the Treasury Department and State Department to sanction Israeli spyware firm NSO Group and three other foreign surveillance companies they say helped authoritarian governments commit human rights abuses. Their letter, seen by Reuters, also called for sanctions on top executives at NSO, the United Arab […]

Reuters exclusively reported that China has told multinationals to sever ties with Lithuania or face being shut out of the Chinese market, dragging companies into a dispute between the Baltic state and Beijing. China downgraded its diplomatic ties with Lithuania last month, after the opening of a representative office by Taiwan in Vilnius. Lithuania’s ruling coalition had […]

Reuters was first to report that Meta Platforms Inc, the owner of social media network Facebook, is behind a $60 million deal to acquire the trademark assets of U.S. regional bank Meta Financial Group. The deal underscores how valuable the Meta name has become for the technology giant, which is betting that its focus on […]

Reuters exclusively reported that Malaysia’s major wireless carriers have recommended the government allow a second 5G service to be set up, ahead of a cabinet decision on whether to go ahead with a plan for a single wholesale network. The cabinet will decide by January whether to allow multiple 5G providers, following concern from industry […]

Reuters was first to report that Amazon has warned India’s antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to “further restrict competition.” The Competition Commission of India is reviewing its prior approval of the $200 million investment the U.S. […]

Reuters reported exclusively that Coller Capital Ltd, one of the world’s biggest investors in private equity fund interests, is exploring options that include a sale of the business. Reuters sources said that Coller has been working with an investment bank as it mulls divesting a stake or the entirety of the company. They added that […]