Month: October 2023

Reuters exclusively reported that Bayer’s (BAYGn.DE) new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up.  The post Bayer’s new CEO plans to cut management jobs in prelude to overhaul appeared first on Reuters News […]

Reuters was first to report that SoftBank Group (9984.T) CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company’s most valuable asset: chip designer Arm Holdings (ARM.O). Arm’s blockbuster initial public offering (IPO) was oversubscribed by 12 […]

Reuters exclusively reported that India’s Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion.  The post India’s Reliance Retail in $1.5 billion Gulf, Singapore funds talks  appeared first on Reuters News Agency.

Reuters scored two major victories in its reporting this week of the European Central Bank’s cliff-hanger interest rate meeting. First, on the eve of the meeting, it exclusively reported that the ECB would revise upwards its inflation forecasts, acknowledging that inflation would remain above 3% next year – well above target. That was seized on […]

Shares in Country Garden jumped as much as 10% on Tuesday after Reuters first reported that the cash-strapped Chinese property developer secured approval from its creditors to extend the maturities of six onshore bonds. The stock was the third-biggest percent gainer in Hang Seng Composite Index, which tracks properties and construction stocks. Reuters reported, citing […]