Month: August 2023

Reuters exclusively reported that Spain’s Santander (SAN.MC) is planning to hire around 150 bankers primarily in the United States as part of its plans to accelerate growth in its investment banking business.  The post Santander plans to hire about 150 bankers to grow investment banking appeared first on Reuters News Agency.

Reuters exclusively revealed that Draslovka, the world’s largest producer of sodium cyanide, has been sounding out banks to manage a possible stock market listing as early as next year. The post Cyanide maker Draslovka screens banks for IPO appeared first on Reuters News Agency.

The executive is tasked with reviving the bank’s stock, even as skepticism from some investors and employees grows.  The post Focus: Goldman Sachs CEO’s growth strategy gets traction with board appeared first on Reuters News Agency.

Reuters exclusively reports key bidders for the auction of Ascential’s consumer data unit drop out. Reuters was first to reveal that the main bidders for the consumer data arm of UK media group Ascential (ASCL.L) walked away from the auction, casting doubt over attempts to break up the 1-billion-pound ($1.29 billion) group. The news knocked […]

Reuters exclusively reported that the European Commission would approve 2 billion euros in state aid for Thyssenkrupp’s plan to build a green steel plant at its headquarters in Duesseldorf. Sources told Reuters two days in advance that a decision in favor of the grant could come as soon as July 20, the day the Commission […]

Reuters analyzes the new wave of AI helpers with greater autonomy, powered by the latest version of the technology behind ChatGPT and its rivals. The post Insight: Race towards ‘autonomous’ AI agents grips Silicon Valley appeared first on Reuters News Agency.

Reuters was first to report that Russia was withdrawing from the UN-brokered agreement for a wartime safe shipping channel for Ukraine’s grain exports. The Monday announcement pushed global wheat prices sharply higher. U.S. wheat futures also jumped 8.5% on Wednesday and European grains soared after Reuters reported, ahead of competition, that Moscow would deem all […]

Reuters exclusively reported that Meta Platforms (META.O) offered to curb the use of competitors’ advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder.  The post EU regulators rebuff Meta’s offer to curb use of ad data appeared first on […]

Reuters exclusively reported that India’s pharmaceutical exports this fiscal year are set to grow nearly twice as fast as last year to hit sales of $27 billion, driven by strong U.S. buying, a government-backed trade body told Reuters, despite deaths linked to Indian-made cough syrups.  The post India pharma exports soaring despite cough syrup deaths, […]

Reuters exclusively reported that Beijing has asked law firms to tone down the language used to describe China-related business risks in Chinese companies’ offshore listing documents, warning failure to do so could cost them regulatory green light for the IPOs.  The post Beijing pushes for toning down of China risks in IPO prospectuses appeared first […]