Month: May 2023

Reuters exclusively reported that U.S. private equity firm Apollo Global Management Inc is seeking to take a majority stake in SAS and aims to apply for approval from Swedish and Danish regulators for the deal as part of the Scandinavian airline’s rescue plan. The post Apollo seeks to take majority stake in SAS’s Chapter 11 […]

Reuters was first to report that Barrick Gold Corp is not interested in buying Canadian miner Teck Resources’ copper business. Barrick CEO Mark Bristow told Reuters in an exclusive interview that the world’s second-biggest gold miner would instead expand its copper business through organic growth. Bristow sighted lack of synergies and Teck’s debt load for […]

Reuters exclusively reported that Suriname reached an agreement in principle with its Eurobond creditor committee for the restructuring of its debt. The post Suriname reaches debt restructuring deal with bondholders 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 […]

Reuters was first to report on Sunday that the bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging environment for leveraged buyouts and fetch the company’s asking price of more than $10 billion. So far, […]

Reuters was the first to report that a U.S. banking regulator was preparing to put regional lender First Republic Bank in receivership, marking the second largest U.S. bank failure of all time and the biggest since the 2008 financial crisis. First Republic shares dropped as much as 58% in after-market trading on Friday after the […]

Reuters was first to report that SoftBank Group Corp’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, setting the stage for this year’s largest initial public offering. While SoftBank had said in March it planned to list Arm in the U.S. stock market, the company’s IPO registration shows […]

In his first interview with international media since the government announced plans for state control of the metal key for electric vehicle batteries, Economy Minister Nicolas Grau exclusively revealed to Reuters that the country will commence discussions with SQM over its operations in the Atacama. Chile aims to convince the world’s No. 2 lithium mining […]

Reuters exclusively reported that Tesla has begun producing the Model Y in Shanghai with the intention to sell it in Canada this year, marking the first time it will ship cars to North America from China. Because of the cheaper pricing on the new version of the Model Y, both the entry-level version of the […]

Reuters exclusively revealed that the European Commission has updated draft patent rules to make it easier for patent holders to sue companies over royalty disputes in hopes that the move will end costly legal spats over patents essential to key technologies for telecoms equipment, mobile phones, computers, connected cars and smart devices. The post EU […]