Month: March 2023

Reuters was 39 minutes ahead in breaking the news that China had set an economic growth target of around 5% for 2023 – an eagerly awaited number that ranks as one of the most important data points in global economics. The target for the world’s second-largest economy was at the low end of expectations, below […]

Reuters exclusively reported that Indian budget carrier IndiGo is in talks with both Boeing (BA.N) and its current supplier Airbus (AIR.PA) to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India a few weeks ago. India’s largest airline has, until now, been an exclusive buyer of narrow-body […]

Reuters exclusively discovered that gas flaring from the vast Ixachi field in Veracruz state not only continued, it increased after Pemex promised to stop burning natural gas from the Southeast Mexican field amid mounting pressure to improve its poor environmental record. The post <strong>Mexico’s Pemex increased gas flaring at top field, despite pledge to stop</strong> […]

Sources exclusively tell Reuters that JPMorgan (JPM.N) is proposing a new Asia credit index with slashed China weighting – in parallel to its existing $85 billion Asia credit index – amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weighting of China be cut to […]

Reuters was first to report that Canadian oil and gas producer Baytex Energy Corp was nearing a deal to acquire U.S. peer Ranger Oil Corp for around $2.5 billion including debt. The deal, which was announced the following day, significantly boosts Baytex’s presence in South Texas’ Eagle Ford shale basin, which currently represents around 30% […]

Shares of Syneos Health Inc rose 13% after Reuters exclusively reported that the company is making a new effort to sell itself. The effort comes in the wake of a reduced backlog of contracts for providing clinical research to drug developers that led to a plunge in the value of its shares over the past […]

Reuters was first to report that Cvent Holding Corp, a U.S. software provider that facilitates in-person and virtual meetings, rejected a $3.9 billion acquisition offer from buyout firm Blackstone Inc. Blackstone is taking a break from the negotiations after Cvent rejected its $8-per-share offer as too low.  The post <strong>Events software vendor Cvent rebuffs $3.9B […]

Reuters exclusively reported that U.S streaming giant Netflix Inc (NFLX.O) is preparing to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment. A local office would make Netflix the first major U.S tech firm with a direct presence in the fast-growing Southeast Asian country of 100 million, increasingly […]

Reuters exclusively reported that supplies of Russian flagship Urals crude oil to Turkey reached a four-month high in February after STAR refinery, owned by Azerbaijan’s oil firm SOCAR, resumed purchases of the blend. Sea-borne Russian oil supplies are subject to an embargo by the European Union and the price is capped by the West to […]