Month: May 2023

Reuters broke the news on May 8 that Ireland’s Ryanair was close to announcing a major aircraft deal with Boeing, ending months of deadlock. Boeing shares initially rose about 1% and gained another 2% when the news was confirmed on May 9. In Europe, shares in Europe’s largest budget carrier also rose. The long-awaited deal […]

Reuters was first to report on Sunday that a private equity consortium comprising Warburg Pincus and Advent International was in advanced talks to acquire medical device maker Baxter International Inc’s BAX.N biopharma solutions business in a deal that could exceed $4 billion. Warburg Pincus and Advent submitted the most attractive offer to Baxter in an […]

Reuters was first to report that the Italian Treasury is ready to back a joint purchase proposal for Telecom Italia’s (TIM) grid by KKR and state lender CDP in a bid to end a stalemate over the sale process of the phone group’s prized asset. Buoyed since early trade, Telecom Italia shares rose further after […]

Reuters swiftly reported on the European Central Bank’s rate hike strategy, as detailed by ECB President Christine Lagarde at a press conference. Reuters analyzes the likelihood of further tightening in the fight against inflation.    The post ECB slows rate hike pace but signals more to come appeared first on Reuters News Agency.

The day after India’s Go Airlines filed for bankruptcy, Reuters exclusively reported that its owner does not intend to exit the cash-strapped airline. In its bankruptcy filing, India’s third-largest airline, which recently re-branded as Go First, claimed its failure followed a refusal by Pratt & Whitney to abide by an arbitration order to release spare […]

In an exclusive conversation with Reuters, Heather Boushey, a member of the White House Council of Economic Advisers, said Federal Reserve interest rate hikes aimed at curbing inflation were having a negative impact on the banking sector and warned Republicans against worsening the situation with their debt ceiling threats.  The post White House: Fed interest […]

Government officials exclusively revealed to Reuters that India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels.  The post India, China propose ‘multiple pathways’ on cutting use of fossil […]

Sources exclusively revealed to Reuters that the U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan.  The post US government may delay decision on electric vehicles biofuel program appeared first on Reuters News Agency.

Reuters exclusively reported that Microsoft is offering to charge more for its Office product when bundled with its messaging app Teams (versus Office without Teams) in an attempt to stave off an EU antitrust investigation. Microsoft was hit with more than 2.2 billion euros in EU antitrust fines in the previous decade for various antitrust […]

Shares of Spanish industrial testing company Applus jumped 14% after Reuters exclusively reported on May 4 that the company had attracted interest from private equity firms Apax, Apollo, I Squared, and TDR. Applus confirmed in a statement through Spanish market regulator on May 5 that it has received unsolicited approaches from investors, granting them access […]