Month: January 2024

Reuters exclusively reported that Spirit Airlines was pressing JetBlue Airways to appeal a decision by a federal judge to block the tie-up between the sixth and seventh largest U.S. airlines. Spirit told JetBlue that their deal contract required them to exhaust legal options to complete their deal, and that they should appeal the judge’s ruling, […]

Reuters was first to report that Worldline (WLN.PA), opens new tab has lined up bankers to advise on a defence strategy in a bid to reassure shareholders and avoid a hostile takeover in the wake of a share price slump.  The post Worldline taps advisers for defence strategy amid share slump  appeared first on Reuters […]

Reuters exclusively reported that Indian snacks maker Haldiram’s, which values itself at around $10 billion, is in talks to acquire a majority stake in listed rival Prataap Snacks to expand its presence in the thriving potato chip market. Prataap competes with Pepsi’s Lay’s brand and other snack-makers in the booming Indian market where local, unorganised […]

Reuters was first to report that Australian nickel producers, hit by a sharp jump in supply from rival Indonesia, are starting to buckle under low prices that analysts expect will force a rethink by top global miner BHP Group (BHP.AX), opens new tab on its nickel strategy this year. The post BHP faces nickel choice […]

Reuters reported for global investors who came into 2024 with doubts about how long stock markets can rally and when central banks will cut rates, a sudden widening of the war in Gaza is swaying the narrative and could prompt them to cut exposure to risk.  The post Middle East escalation tilts balance of risks […]

Reuters exclusively reported that the European Central Bank was asking banks to detail their exposure to Spanish drugmaker Grifols and a network of companies linked to the founding family, days after the Barcelona-based business was accused of manipulating its financial accounts by a short-seller. The story also revealed how supervisors were concerned that the huge […]

Reuters exclusively reported that the U.S. military on Tuesday carried out a new strike in Yemen against four Houthi anti-ship ballistic missiles, the latest move against the Iran-aligned group over its targeting of Red Sea shipping.  The post US targets Houthi anti-ship missiles in new strike on Yemen appeared first on Reuters News Agency.

Reuters was first to report that Communications intercepts collected by the United States confirmed that Islamic State’s (ISIS) Afghanistan-based branch carried out twin bombings in Iran that killed nearly 100 people.  The post US intelligence confirms Islamic State’s Afghanistan branch behind Iran blasts  appeared first on Reuters News Agency.

Reuters exclusively reported that Tesla (TSLA.O) will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11, the company said late on Thursday, citing a lack of components owing to shifts in transport routes because of attacks on vessels in the Red Sea. It is the first company to disclose […]

Reuters exclusively reported that Chinese regulators have closed a regulatory loophole that last year allowed heavily indebted local government financing vehicles (LGFVs) to further increase their borrowing.  The post China closes local government offshore financing loophole  appeared first on Reuters News Agency.