Month: September 2022

Reuters revealed that the yen may be near 24-year lows, but Japan’s central bank is not even close to trying to support it with higher interest rates. The government — especially the Ministry of Finance — has repeatedly and strongly expressed dissatisfaction with this year’s falls in the yen, which on Sept. 7 dropped as […]

Reuters was first to report that an international standards body approved the creation of a merchant code for gun retailers following pressure from activists who say it will help track suspicious weapons purchases. It will allow financial institutions to use new tools to detect and report suspicious activity associated with gun trafficking and mass shootings. […]

Reuters exclusively revealed that products made with forced labour or those imported into the 27-country European Union (EU) will be banned under draft rules, according to an EU document seen by Reuters. In a move driven by EU lawmakers concerned about human rights in the Chinese province of Xinjiang, the EU executive will announce its […]

Reuters exclusively reported that the blank-check acquisition firm Digital World Acquisition Corp failed to muster enough shareholder support for a proposal to extend its life by one year so it can complete a merger with former U.S. President Donald Trump’s social media company. At stake is a $1.3 billion cash infusion that Trump Media & […]

Reuters exclusively reported that U.S. life sciences company Illumina is in talks with European Union (EU) antitrust regulators to divest Grail ahead of an expected EU veto of its $7.1 billion acquisition of the biotechnology company. The European Commission confirmed the Reuters story the next day and blocked the deal because remedies offered by Illumina did […]

Reuters exclusively reported Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower. The measures could include reducing or even scrapping investment and export guarantees for China and no longer promoting trade fairs and manager training there. Loans […]

Reuters provided insight into how a consortium led by China’s Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private in a deal that would value the firm at $1.8 billion. The management team, led by Founder and Chief Executive Officer Wang Changli, has won endorsement for the deal from […]

Reuters exclusively revealed Mexico’s state-owned power utility has been buying coal from new mines that have not yet been visited by labor inspectors, according to a Reuters analysis of coal contracts and inspection records, including the mine where 10 people died last month after flooding trapped them below ground. The post Reuters reveals Mexico state […]

Reuters was first to report India will try out a strategy of parallel testing to speed up safety approvals for new electronic devices, a move that could boost device launch plans by the likes of Samsung and Apple. The move comes as India scrambles to remove bottlenecks faced by businesses, with Prime Minister Narendra Modi […]

Reuters was first to report Mexican economic growth should accelerate in 2023 to around 3.0% from some 2.4% this year as inflation cools markedly and oil output picks up, according to finance ministry draft budget forecasts seen by Reuters. Mexico’s economy has performed better than some analysts had previously expected in 2022, powered by strong […]