Month: January 2024

Reuters was first to report that Vietnamese electric vehicle maker VinFast aims to increase its free float, or shares available to the public for trading, to 10% to 20% by the end of this year from roughly 2% currently. The post EV maker VinFast aims to raise free float to 10%-20% by end-2024 appeared first […]

Reuters exclusively reported that Billionaire hedge fund manager William Ackman, who joined other Harvard graduates in successfully calling for the university’s president Claudine Gay to resign, is pressing forward with his efforts to reshape the Ivy League school’s governance by backing a bid by four dissident alumni to join its board of overseers.  The post […]

Reuters was first to report that Indian Prime Minister Narendra Modi’s government is considering doubling the annual payout to landowning female farmers to 12,000 rupees ($144), a move likely to appeal to women voters ahead of a general election.  The post India eyes doubling cash handout for women farmers ahead of vote  appeared first on […]

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.

Reuters reported U.S. investment giants Pimco and Vanguard have bought local Turkish assets in recent months, betting that the country will maintain high interest rates after years of erratic policymaking under President Tayyip Erdogan. The post US giants Pimco, Vanguard invest in Turkey after its return to rate hikes  appeared first on Reuters News Agency.

Reuters exclusively reported that Ghana’s official creditors are scheduled to meet on Monday to discuss restructuring some $5.4 billion in loans to the country, a key step needed to secure its next tranche of funding from the International Monetary Fund.  The post Ghana official creditors to meet Monday to discuss debt restructuring terms appeared first […]

Reuters was first to report India’s antitrust body is investigating domestic units of global delivery companies, such as Germany’s DHL, U.S.-based United Parcel Service (UPS.N) and FedEx (FDX.N), for alleged collusion on discounts and tariffs. The post India probes DHL, FedEx, UPS for alleged antitrust practices, price collusion  appeared first on Reuters News Agency.

Reuters exclusively reported that Beijing has informally asked some money managers in China to prioritise the launch of equity funds over other products like bond funds, as authorities scramble to revive its lagging stock market.  The post China pushes equity fund launches to support stock market appeared first on Reuters News Agency.

Reuters exclusively reported that Canadian miner First Quantum has entered into talks with its biggest shareholder China’s Jiangxi Copper about selling a stake in its Zambian mines. Citing a source familiar with the discussion, the story revealed that First Quantum is seeking to bolster the company’s finances after the Panama government ordered it to shutter […]