Month: November 2023

Reuters exclusively reported a key development ahead of OpenAI CEO Sam Altman’s abrupt firing involving a key AI breakthrough. The news of researchers writing a letter the board of directors warning of the development that could be a step closer to Artificial General Intelligence that mimics the human brain amid fears of commercializing products before […]

Reuters was first to report that Venezuela is close to approving a license for Shell (SHEL.L) and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country.  The post Venezuela close to approving offshore gas license with Trinidad, Shell appeared first […]

Reuters exclusively reported that Canada’s First Quantum Minerals was considering putting its key Panama copper miner on care and maintenance from Nov. 23, effectively shutting production at a mine that accounts for about 1% of global output. Citing sources familiar with the matter, Reuters reported that the move follows protests that blocked coal from reaching […]

Reuters exclusively reported that Photoshop maker Adobe (ADBE.O) expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns.   The post Adobe open to remedy discussions with EU on Figma deal  appeared first on Reuters News Agency.

Reuters was first to report that Qatari mediators on Wednesday sought to negotiate a deal between Hamas and Israel that included the release of around 50 civilian hostages from Gaza in exchange for a three-day ceasefire.  The post Qatar seeking Israel-Hamas deal to free 50 hostages and 3-day truce  appeared first on Reuters News Agency.

Reuters exclusively reported that Negotiators for EU governments and lawmakers reached a deal on Monday on targets for domestic supply of critical minerals such as lithium and nickel to reduce its reliance on third countries, principally China. The European Commission proposed the Critical Raw Materials Act in March, a centrepiece of EU strategy to allow […]

Reuters exclusively reported that China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by Beijing as it tries to curb municipal debt risks. The post China orders local governments to cut exposure to public-private projects as […]

Reuters exclusively reported a sudden explosive growth in stock options trading in India this year has got the country’s retail traders excited and regulators worried about the risks such speculative fervour could spawn. The boom in derivatives trading in the country’s historically conservative markets, where some products such as stock futures are still too expensive, […]

Reuters was first to report China’s embattled Country Garden (2007.HK) is aiming to pull together a tentative plan to restructure its offshore debt by the end of this year. The post Country Garden aims to have offshore debt restructuring plan by year end  appeared first on Reuters News Agency.

Reuters exclusively reported that Goldman Sachs (GS.N) bosses are considering fatter bonuses to retain star traders and dealmakers this year as the bank looks to win over some who were disappointed by smaller payments in 2022.  The post Goldman Sachs discusses bigger bonuses for top traders  appeared first on Reuters News Agency.