Month: November 2022

Reuters reveals Apple supplier Foxconn plans to quadruple workforce at India plant

Reuters exclusively revealed Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, pointing to a production adjustment as it faces disruptions in China. Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant, the world’s largest iPhone factory, disturbing production and fuelling […]
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Reuters reveals Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000

Reuters exclusively reported that Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000 tonnes of the sweetener to overseas buyers as prices jumped after the government cut this year’s export quota. After Reuters revealed the news, New York raw sugar futures jumped 2.3% to hit a seven-month peak yesterday. Shares of Indian sugar […]
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Reuters reveals Singapore’s Temasek considers sale of Advanced MedTech, likely valued at about $1 bln

Reuters was first to report Temasek Holdings is exploring selling Advanced MedTech, after the medical devices firm, fully owned by the Singaporean state investor, received interest from suitors, including buyout funds. Two investment banks have been tapped to launch a sale process for Singapore-headquartered MedTech, which could be valued at roughly $1 billion. The post […]
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Reuters reveals Chad strikes a debt deal under the G20 Common Framework

Reuters exclusively reported that Chad became the first country to agree to a deal with its creditors, including Swiss commodity house Glencore, under the G20 Common Framework — designed to provide debt relief to developing nations. Reuters was also first to report confirmation of the agreement and exclusively sketched out rare criticism from World Bank […]
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Reuters reveals Evergrande eyes onshore assets as sweetener for offshore debt restructuring

Reuters exclusively revealed property developer China Evergrande Group plans to use domestic assets as sweeteners to win offshore creditor approval for a long-awaited debt-restructuring proposal. Evergrande, engulfed by $300 billion in liabilities, aims to start negotiating restructuring terms next month and is combing through onshore assets to offer as additional credit enhancement to holders of […]
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