Month: July 2023

Reuters was first to report that Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year to set up semiconductor and display production plants […]

Reuters was first to report on Monday that private equity firm GTCR LLC was in advanced talks to acquire a majority stake in the merchant business of payment processing company Fidelity National Information Services in a deal that values the division at between $15 billion and $20 billion. The deal would be the largest in […]

Pakistan’s finance minister told Reuters exclusively that the cash-starved country was close to a bailout deal with the International Monetary Fund. Within hours, the IMF announced a $3 billion standby arrangement to help it tide over a balance of payments crisis and Reuters was again the first to report it. The deal is a life-saver for the nuclear-armed […]

Reuters exclusively reported that one of the world’s most common artificial sweeteners is set to be declared a possible carcinogen next month by a leading global health body, according to two sources with knowledge of the process, pitting it against the food industry and regulators. Aspartame, used in products from Coca-Cola diet sodas to Mars’ […]

Reuters exclusively reported that Morgan Stanley’s (MS.N) board will focus on the selection of CEO James Gorman’s successor at its summer and fall meetings, while the outgoing boss looks to clear the decks by resolving major regulatory matters. Sources say Morgan Stanley co-presidents Ted Pick and Andy Saperstein are widely viewed as the front-runners for […]