Month: January 2022

Reuters reported German parent group Siemens Energy has stepped up efforts to explore a full integration. The report revealed that Siemens Energy is working with advisers on options for how to best acquire the remaining third in Siemens Gamesa it does not yet own, hoping to end an arm‘s length relationship following a number of painful […]

Reuters provided insight into how China is doubling down on its “zero-COVID” strategy, saying the spread of the potentially milder Omicron variant is no reason to lower its guard amid warnings of economic disruptions and even public unrest as lockdowns drag into a third year. As other countries talk about a transition from “pandemic” to “endemic,” China […]

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 […]

Kohl’s Corp shares rose as much as 8.8% after Reuters broke the news that the U.S. retailer has been approached by a potential buyer. Acacia Research, which is backed by activist investment firm Starboard Value, has held talks with Kohl’s in the last few days to lay the groundwork for a bid, people familiar with the matter said.  The […]

Reuters reported exclusively that the CEO of EDF broke with the convention that bosses of French state companies don’t criticize the government, after Jean-Bernard Levy expressed “real shock” and indignation after the utility was told to sell more power to rivals at below-market prices. In a memo to managers seen by Reuters, Levy said he had tried […]

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 […]

Reuters broke the news that European private equity firm Ardian has clinched a deal to buy Italian drug firm Biofarma Group for about 1.1 billion euros ($1.26 billion) — its second pharmaceutical deal in less than a year. The transaction will see Ardian expanding in the lucrative dietary supplement market, an industry that has been booming during […]

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 […]

Reuters exclusively reported that Bank of Japan (BOJ) policymakers are debating how soon they can start telegraphing an eventual interest rate hike, which could come even before inflation hits the bank’s 2% target, emboldened by broadening price rises and a more hawkish Federal Reserve. While an actual rate hike is hardly imminent and the BOJ is on […]

Reuters exclusively reported that the Biden administration is considering lowering the 2022 ethanol blending mandate amid backlash from the oil refining lobby and unions arguing the shrinking U.S. ethanol industry can no longer support the target. President Biden is finding it hard to live up to his vow to bring some normalcy back to the sector after […]