Month: January 2023

Reuters was first to report that hedge fund ValueAct Capital urged Seven & i Holdings shareholders to back a spin-off of the company’s 7-Eleven convenience store chain, arguing the move would improve the conglomerate’s valuation and corporate governance. The U.S.-based investment firm, which owns a 4.4% stake in the Japanese company and has been urging it to […]

Reuters was first to report that sugar mills in India’s top producing state Maharashtra are set to stop cane crushing 45 to 60 days earlier than last year as heavy rain has curtailed sugar cane availability. After Reuters revealed the news, New York raw sugar futures jumped 1.7% to a one-month high on Friday last […]

Citing an unpublished report, Reuters exclusively reported that Chile’s mining regulator Cochilco was forecasting far slower growth in copper production over the next decade than previously estimated, with peak output two years later than anticipated and at a significantly lower level. The news revealed that Chile, the world’s top producer of the metal, was facing hurdles ramping […]

Reuters revealed how Unilever racked up strong sales growth in India last year on the back of sharp price increases attributed to its dominant market position and pent-up demand among middle-class shoppers. But industry experts said the British multinational should take care not to alienate poorer rural consumers — which some analysts estimate account for […]

Reuters exclusively reported Blackstone is in talks to sell around half of its stake in India’s largest real estate investment trust Embassy Office Parks to private equity firm Bain Capital, in a deal worth up to $480 million at current pri The post Blackstone in talks with Bain to sell $480 million stake in top […]

Reuters revealed Qatar’s sovereign wealth fund has increased its stake in Credit Suisse to just under 7%, becoming the Swiss bank’s second-largest shareholder after Saudi National Bank, signaling that its Gulf investor base is growing in importance. The post Reuters reveals Qatar Investment Authority raises stake in Credit Suisse to just under 7% appeared first […]

Reuters reported Airbus has carried out design changes to A350 passenger jets amid a $2 billion dispute with Qatar Airways over surface damage, which spilled over to a debate on security this week. The two companies have been fighting in court for months over the safety impact of flaking paint that exposed corrosion or gaps […]

Reuters exclusively reported that India’s federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does not want to destabilise the bond market with any negative surprises. The post Reuters reveals that India may peg gross borrowing under 16 trillion rupees in 2023/24 appeared first on Reuters […]

Reuters took readers on a deep dive into how German carrier Lufthansa said on Wednesday it had offered to buy a minority stake in ITA Airways, betting on reviving the loss-making successor to Italy’s Alitalia and expanding its footprint in Europe. Lufthansa said Italy is the most important market outside of its existing home markets […]

Reuters was first to report that Renault SA and China’s Geely Automobile Holdings are working to finalise a deal to bring Saudi Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies.  The post Reuters reveals Renault, Geely look to bring Aramco into engine venture appeared first on Reuters […]