Month: August 2022

Reuters was first to report Indian companies are using Asian currencies more often to pay for Russian coal imports, avoiding the U.S. dollar and cutting the risk of breaching Western sanctions against Moscow. India has aggressively stepped up purchases of Russian oil and coal since the war in Ukraine began, helping to cushion Moscow from […]

Reuters exclusively reported that Google Fiber plans to bring its high-speed internet service to multiple cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next several years in its first big expansion since it spun out as an independent Alphabet unit in 2015. In his first media interview since becoming Google Fiber CEO in […]

Reuters was first to report higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise from 2021, according to an economy ministry document seen by Reuters. The jump in revenues, if it materialises, will help shore up Russia’s economy in the […]

Reuters revealed that the standing paddy crop across most of northern Sri Lanka’s Kilinochchi district is stunted for the second successive season because of the lack of fertilizer. Across rice farms in this Indian Ocean island, the bleak picture is emerging that the summer harvest could be as low as half that of previous years, […]

Reuters was first to report that Russian airlines, including state-controlled Aeroflot, are stripping jetliners to secure spare parts they can no longer buy abroad because of Western sanctions. The steps are in line with advice Russia’s government provided in June for airlines to use some aircraft for parts to ensure the remainder of foreign-built planes […]

Reuters was first to report that Spanish infrastructure firm Ferrovial is looking at options for its 25% stake in London’s Heathrow and has held preliminary talks with advisers on the future of its holding in Britain’s biggest airport. Ferrovial’s Heathrow stake has drawn interest from private equity firm Ardian, which has studied a joint offer […]

Reuters exclusively reported that supplies of a vaccine to prevent the deadly rotavirus infection in children have either run out in Kenya, Tanzania, Senegal and Cameroon or are close to doing so, after disruptions at drugmaker GSK. The World Health Organization estimates that up to 200,000 children die each year from the highly contagious infection, […]

Reuters exclusively revealed the Bank of England (BoE) would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates. The BoE is primed to become the first major central bank to sell some of the bonds it purchased during […]

Reuters exclusively revealed Malaysia’s second-richest man Quek Leng Chan is weighing options for his stake in Hong Leong Bank Bhd, including a merger, in a move that could trigger wider consolidation in the sector. Quek is also exploring the possibility of reducing his stake in the Malaysian lender.  The post Reuters reveals Malaysia’s Hong Leong […]

Reuters exclusively reported that the Biden administration’s next security assistance package for Ukraine is expected to be $1 billion, one of the largest so far, and includes munitions for long-range weapons and armored medical transport vehicles. Sources said the package would add to about $8.8 billion in aid the United States has given Ukraine since […]