Month: March 2022

Reuters exclusively reveals EU to sanction more Russian oligarchs, Belarus banks over Ukraine invasion

Reuters exclusively reported that the European Commission has prepared a new package of sanctions against Russia and Belarus over the invasion of Ukraine that will hit additional Russian oligarchs and politicians and three Belarusian banks. The draft package will ban three Belarusian banks from the SWIFT banking system and add several more oligarchs and Russian lawmakers to […]
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Reuters Reveals Encompass Health’s home health unit attracts acquisition interest

A Reuters exclusive noted that private equity firms including Advent International and companies including Aveanna Healthcare Holdings Inc have expressed interest in acquiring the home health and hospice business of Encompass Health Corp. Encompass, which provides post-acute healthcare services, said in October that it planned to spin off the business, called Enhabit, in the first half of […]
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Reuters reveals How Reliance stunned Amazon in battle for India’s Future Retail

Reuters exclusively reported that Reliance Industries, India’s biggest conglomerate—run by Mukesh Ambani, the country’s richest man—presses ahead with a shock de facto takeover of prized retail real estate that Amazon.com Inc has been keen to take part-ownership of. The high-profile, bitter dispute between the corporate titans, in which Amazon has sought to block Reliance’s planned $3.4 billion purchase […]
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Reuters reveals EU considering curbing Russia’s rights in IMF over invasion

A Reuters exclusive revealed that European Union officials are examining curbing Russia’s influence and access to finance at the International Monetary Fund following its invasion of Ukraine. This scenario — now under discussion — would add to the pressure on Russia’s economy and financial system and also marks an important symbolic step, deepening Moscow’s international isolation. The […]
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Reuters reveals Ukraine seeks action against Russia from gaming, cloud and other tech firms

Reuters exclusively reported that Ukraine plans to urge about 50 additional tech companies, including in gaming, esports and internet infrastructure, to take action against Russia following a slew of earlier requests. Oracle swiftly suspended operations in Russia. Other tech giants, including Google and Apple, were asked to shutter their mobile app stores in Russia but appear more […]
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Reuters exclusively reports India makes record U.S. soyoil purchases as drought parches South America; market reacts

Reuters exclusively reported that Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at a time when prices of rival palm oil are scaling record highs. The higher purchases from the United States are expected to support U.S. soy oil prices, […]
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