Month: August 2023

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 exclusively reported that Poland’s Naftoport oil terminal is set for another year of record volumes and plans to build a new jetty for supertankers as Moscow’s decades-long dominant supplier role in Poland and eastern Germany comes to an end. The post Polish terminal set from 50% volume jump as Russian oil ditched appeared first […]

Reuters exclusively reported that one of the world’s top insurers is considering a private sale or stock market listing of its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes. The post AXA weighs offloading $2 billion reinsurance arm to cut disaster risk appeared first on Reuters News Agency.

Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a crackdown on the country’s internet sector. Ant’s penalty comes at a time when Chinese authorities are keen to boost private sector confidence as […]