Month: December 2023

Reuters exclusively reported that Toyota Motor (7203.T) and two affiliates plan to sell about 10% of components maker Denso (6902.T) by year-end, a stake likely worth about $4.7 billion. The post Toyota group companies plan $4.7 billion sale of Denso stake appeared first on Reuters News Agency.

Reuters exclusively reported that The $11 billion multilateral lender Climate Investment Funds, which works with the World Bank and others to accelerate investment in the developing world, has appointed Tariye Gbadegesin as its new chief executive, the first African to take the helm.   The post Climate Investment Funds appoints Tariye Gbadegesin as CEO  appeared first […]

Reuters was first to report that French telecoms firm Orange (ORAN.PA) told Reuters on Monday that it had decided to withdraw from the process to purchase an up to 45% stake in Ethiopian operator Ethio Telecom. Orange submitted an expression of interest in 2021 to participate in the partial privatisation of Ethio Telecom, a former […]

Reuters reported that Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can’t keep up, though. Aggarwal’s Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from […]

Reuters exclusively reported that Toyota Motor (7203.T) and two affiliates plan to sell about 10% of components maker Denso (6902.T) by year-end, a stake likely worth about $4.7 billion, sources familiar with the matter said. The sale of shares in Denso would mark the latest step by the world’s top selling automaker to cash in […]

Reuters exclusively reported that The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally.   The post Beijing bourse tells ‘major shareholders’ to refrain from selling appeared first on Reuters News Agency.

Reuters was ahead of the competition by nearly 40 minutes on the closely watched news that Panama’s Supreme Court had dealt a potential death blow to First Quantum’s hopes to keep open the country’s largest copper mine, which has become the target of intense popular protest and political upheaval in recent weeks.  Reuters also reported […]

Reuters was first to report that Choice Hotels International (CHH.N) is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts (WH.N), seeking to break a stalemate in an $8 billion takeover battle. The post Choice Hotels prepares to challenge Wyndham’s board appeared first on Reuters News Agency.

Reuters was first to report that The ongoing blockade of Ukrainian border crossings by Polish drivers has led to a sharp drop in deliveries of motor vehicle gas (LPG) to Ukrainian petrol stations, many of which are experiencing fuel shortages.   The post Ukraine fuel stations face LPG shortages as Polish supplies blocked  appeared first on […]