Month: February 2024

Reuters exclusively reported that Star Macquarie banker Nicholas O’Kane, whose resignation from the firm was announced this week less than a year after he received one of the largest pay cheques in banking, has been in talks to join Swiss commodities trading house Mercuria.  The post Australia’s highest paid banker in talks to join trader […]

Reuters exclusively reported that President Joe Biden’s administration is poised to announce an adjustment to its scientific modeling for ethanol that will show the corn-based fuel to be less effective at reducing greenhouse gas emissions than previously estimated.  The post White House set to back tougher climate model for ethanol, sources say appeared first on […]

Reuters exclusively reported that India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don’t produce carbon dioxide emissions.  The post India seeks $26 bln of private nuclear power investments, sources say  appeared first on Reuters News Agency.

Reuters exclusively reported that Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of more than $18 billion, including debt.  The post Occidental explores $18 bln-plus sale of Western Midstream, sources say appeared first on Reuters News Agency.

Reuters exclusively reported that the European Commission has opened formal proceedings against ByteDance’s TikTok under the Digital Services Act (DSA) to see if the social media platform is doing enough to protect children.  The post EU opens formal proceedings against TikTok under Digital Services Act appeared first on Reuters News Agency.

Reuters exclusively reported that China’s Xiaomi has told the Indian government that its heavy scrutiny of Chinese companies has made smartphone component suppliers wary about setting up operations in India.  The post Xiaomi says India’s scrutiny of Chinese firms unnerves suppliers   appeared first on Reuters News Agency.

Reuters was first to report on chipmaker Nvidia’s first-quarter revenue forecast that beat expectations and sent the AI chip bellwether’s shares soaring to a record high.  The post Nvidia stock surges as revenue forecast tops estimates, AI demand continues appeared first on Reuters News Agency.

Reuters exclusively reported that Japan’s Kyushu Electric Power will wait until after the United States resumes issuing export licenses for new liquefied natural gas (LNG) projects before deciding on whether to invest in the Lake Charles project.  The post Japan’s Kyushu Electric to wait for US LNG policy clarity on Lake Charles appeared first on Reuters […]

Reuters exclusively reported that a U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports.  The post Turkish-Russian trade hit by fresh US sanctions threat  appeared first on Reuters News Agency.

Reuters exclusively reported that Nest, a 36 billion pound ($45 billion) UK workplace pension fund, expects to ramp up private assets holdings to as much as 30% of its portfolio, in one of the most significant moves into alternative investments by a large UK retirement scheme. The post Top UK pension fund Nest expects to lift […]