Month: December 2023

Reuters was first to report that India’s sugar output this crop year, hit by weak rains, is set to lag consumption for the first time in seven years, and lower plantings may even force the world’s No.2 producer to import in the following year. The post Not so sweet: India may need to import sugar […]

Reuters was first to report that a little-known private equity firm is set to take on the toughest job in corporate Japan: turning around Toshiba. Japan Industrial Partners (JIP) is spearheading a $14 billion takeover that will see the troubled conglomerate delisted on Wednesday after 74 years on the Tokyo exchange.  The post In buying […]

Reuters exclusively reports that Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3% of gross domestic product in 2024, while other fiscal support may be covered by off-budget debt. The post China to run budget gap of 3% of GDP in 2024, issue special debt  […]

Reuters exclusively reported that BP’s (BP.L) board has short-listed interim CEO Murray Auchincloss and two senior female executives as internal candidates to replace Bernard Looney as chief executive. BP was thrown into turmoil after Looney resigned on Sept. 12 for failing to disclose relationships with employees and leaving no clear succession plan in place.  The […]

Reuters reported that QatarEnergy expects to agree new long-term liquefied natural gas supply deals in Asia and Europe, with several “imminent”. The post QatarEnergy CEO says new LNG supply deals ‘imminent’ appeared first on Reuters News Agency.

Reuters was first to report that Six U.S. oil and gas bankers who missed out on a wave of mega deals in the oil patch after leaving mergers and acquisitions powerhouse Citigroup (C.N) last year to join smaller firm Guggenheim Securities are now decamping to Moelis & Co (MC.N).  The post Guggenheim oil and gas […]

Reuters exclusively reported that Abu Dhabi National Oil Co (ADNOC) is closing in on a deal with Austria’s OMV (OMVV.VI) to combine two entities in which the companies own stakes to create a chemicals giant, two people with knowledge of the talks said. In July OMV said it had entered into talks to merge petrochemicals […]

Reuters exclusively reported that Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia, said two people familiar with the situation.  The post Austria stalls Russian sanctions over Raiffeisen blacklisting  appeared first on Reuters News […]

Reuters was first to report that the U.S. Treasury Department’s Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street’s accounting for such threats, people familiar with the matter said.  The post […]

Reuters exclusively reported that Argentina is set to receive financing from the Development Bank of Latin America and the Caribbean (CAF) to make a $913 million payment due to the IMF next week, two sources familiar with the matter told Reuters. Argentina, whose $44 billion International Monetary Fund programme makes it the largest debtor to […]