Month: September 2022

Reuters exclusively revealed the European Union and the United States have ramped up buying key industrial metals from Russia, despite logistical problems spurred by the war in Ukraine and tough talk about starving Moscow of foreign exchange revenue. The metal shipments highlight the West’s difficulty in pressuring Russia’s economy, which has performed better than expected […]

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 […]

Reuters exclusively reported Qatar’s central bank has told banks in the Gulf state not to exchange its currency with entities outside the country without prior permission, in a move bankers say aims at ending the riyal’s divergence against the dollar. The Qatari riyal, officially fixed at 3.64 to the dollar since 2001, has in the […]

Reuters exclusively reported China’s Geely Automobile Holdings and an oil group are in talks about taking stakes in the fossil-fuel engine unit Renault plans to separate from its electric vehicle business. But Renault’s alliance partner, Japanese carmaker Nissan, does not plan to take a stake in the combustion engine unit.  The post Reuters reveals Geely, […]

Reuters was first to report the head of state-run Ukranian energy company Naftogaz is ready to step down if it would help the business to restructure its debt in the wake of Russia’s invasion. CEO Yuriy Vitrenko’s position came under scrutiny last month after the Ukraine government openly criticised the company’s handling of the debt […]

Reuters provided insight into how Cuba, mired in an energy crisis that has brought frequent blackouts, is negotiating with a Turkish company to have it double the megawatts it currently produces for the country from shipboard generators just offshore. The company already has five ships operating off Cuba with a capacity of around 250 megawatts. […]

Reuters was first to report two of Malaysia’s largest mobile carriers do not plan to take stakes in a state-owned 5G agency, a setback that threatens to throw the country’s 5G rollout into further disarray. The decision by Maxis Bhd and U Mobile has also disrupted the government’s plan to sign agreements with other carriers.  […]

Reuters was first to report the Bank of Korea must keep raising interest rates until the rate of inflation is in decline, but the central bank likely could not halt its tightening before the U.S. Federal Reserve, Governor Rhee Chang-yong said on Saturday. In an interview with Reuters, Rhee also said South Korea’s central bank […]

Reuters exclusively revealed U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters. The post Reuters reveals U.S. sought records on Binance CEO for crypto […]

Reuters was first to report that a merger between the Indian unit of Japan’s Sony and Zee Entertainment to create a $10 billion TV enterprise will potentially hurt competition by having “unparalleled bargaining power”. A confidential notice detailing the Indian antitrust watchdog’s initial review, seen by Reuters, stated the watchdog is of the view that […]