Month: January 2022

Reuters exclusively reveals Chesapeake Energy nears $2.4 bln deal to buy Chief Oil & Gas

Chesapeake Energy Corp shares dropped as much 3.4% after Reuters exclusively reported that the company is in talks to acquire privately owned natural gas producer Chief Oil & Gas for around $2.4 billion, including debt. The acquisition by Chesapeake, a U.S. shale gas and oil producer that only emerged from bankruptcy just last year, underscores the recovery of parts […]
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Reuters reveals Indian rice traders stop new export deals as freight train shortage blocks shipments

Reuters broke the news that nearly a third of India’s rice exports for this month are stuck due to a shortage of freight trains, and most traders have stopped signing February export contracts to avoid demurrage charges. The slowdown in exports from India, the world’s biggest rice exporter, has allowed rival suppliers such as Thailand, Myanmar and […]
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Reuters exclusively reveals Turkish bank employees compelled to boost lira-defense scheme

Reuters exclusively reported that Turkey’s big state banks have set employee performance targets as they urge clients to convert foreign currencies into lira under a deposit-protection plan introduced last month to stem a currency crisis. Under the scheme, the Treasury and central bank guarantee deposits with a three-to-12 month duration against foreign exchange-related losses in an effort […]
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