Month: January 2022

Reuters was first to report on Tuesday that Singapore’s central bank would tighten its monetary policy in its first out-of-cycle move in seven years in response to inflation risks. The Monetary Authority of Singapore, which holds its scheduled policy reviews only twice a year, surprised markets with the move. The news strengthened the Singapore dollar, one […]

Reuters reported exclusively that Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to triple their investment to jointly develop electric vehicles (EVs), a mark of deepened cooperation and potentially greater cost savings for the three companies. The three are expected to announce on Thursday a plan to invest more than 20 billion euros […]

Reuters reported exclusively that Schlumberger, the world’s largest oilfield services company, is adjusting operations planning as COVID-19 infections have soared among its U.S. workforce. Schlumberger has had around 14 employees per day test positive for the virus this month, compared to roughly two per day in November, according to an internal document. It has declined to say […]

Reuters broke the news that an infant boy, handed in desperation to a soldier across an airport wall in the chaos of the American evacuation of Afghanistan, has been found and was reunited with his relatives in Kabul on Saturday. The baby, Sohail Ahmadi, was just two months old when he went missing on Aug. 19 as […]

Reuters broke the news that two Belarusian cross-country skiers, including one who hoped to compete at next month’s Beijing Winter Olympics, said authorities barred them from competition after sports officials accused them of supporting the country’s political opposition. The skiers, Sviatlana Andryiuk and Darya Dolidovich, are the latest elite athletes to be targeted since a crackdown on […]

Reuters reported exclusively that Walmart Inc will now provide up to one week of paid time-off if a worker contracts COVID-19, instead of its earlier policy for up to two weeks. Walmart, the largest private employer in the United States with 1.6 million workers, is among the first major retailers to reduce paid leave for COVID-19 and […]

Reuters revealed that India is aiming for a fiscal deficit of 6.3% to 6.5% of gross domestic product for the next financial year, a less ambitious target than previously planned as COVID-19 infections threaten the economic recovery. Finance Minister Nirmala Sitharaman is due to unveil the 2022/2023 federal budget on Feb. 1. Officials said the thinking was […]

Reuters exclusively reported that German utility STEAG has secured at least 100 million euros ($113 million) in extra funding to shield it from skyrocketing prices, as volatile energy markets force some companies to shore up their finances. STEAG, Germany’s fifth-largest utility, said it needed funding in the “low triple digit million euro range” due to price volatility, […]

Reuters exclusively reported that the U.S. Department of Health and Human Services (HHS) appeared unprepared to assume full responsibility for the nation’s COVID-19 vaccine program, including activities currently managed by the Pentagon. The report cites a failure to ensure HHS has enough staff or a clear timeline for taking over those additional responsibilities. Additionally, the report found […]

Chinese property developers’ shares and bonds extended gains after Reuters revealed that China is drafting nationwide rules to make it easier for property developers to access pre-sale funds held in escrow accounts in its latest move to ease a severe cash crunch in the embattled sector. Sources told Reuters that the new rules would help […]