Month: February 2024

Reuters exclusively reported that Japan’s NEC received multiple buyout offers from global private equity funds for iPhone supplier Japan Aviation Electronics Industry before agreeing to sell back much of its 51% stake to the Japanese company at a discount, according to five people. The post NEC spurned private equity offers before selling discounted stake in […]

Reuters exclusively reported that U.S. regulators asked Citigroup for urgent changes to the way it measures default risk of its trading partners. Reuters also reported exclusively that the bank’s own auditors found a plan to improve internal oversight to be lacking.   The post Citi hit by new Fed rebuke, setbacks on consent orders  appeared first […]

Reuters was first to report using confidential government documents that India fears losing out to China and Vietnam as it seeks to become a major smartphone export hub and wants to “act fast” to lure global companies with lower tariffs which it considers amongst the highest in the world.  Smartphone manufacturing is a key plank […]

Reuters exclusively reported that State energy company Pemex released large volumes of methane from an oil platform in the Gulf of Mexico last year, with leaks recurring even after a United Nations agency flagged problems there to the Mexican government. The post Pemex platform in Mexico leaked clouds of methane even after UN alert  appeared […]

Reuters exclusively reported that Digital World Acquisition Corp (DWAC.O), opens new tab, the blank-check acquisition company that has agreed to take former U.S. President Donald Trump’s social media platform public, is nearing a $50 million financing deal. The post Trump’s media deal partner nears $50 million financing appeared first on Reuters News Agency.

Reuters exclusively reported that one of Germany’s largest landlords TAG Immobilien is bracing for a crash in home prices of up to 30%, a far steeper fall than expected by peers, news that was followed widely in the German media and grabbed the attention of analysts and investors, sending the company’s stock, and that of […]

Reuters exclusively reported that Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors.  The post Nvidia pursues $30 billion custom chip opportunity with new unit appeared first on Reuters News Agency.

Reuters exclusively reported that U.S private equity firm Apollo Global Management Inc (APO.N) is in talks to buy a minority stake in the Middle East, North Africa and central Asia Starbucks (SBUX.O) franchise operated by Kuwait’s AlShaya Group.  The post Apollo in talks for AlShaya Starbucks franchise, sources say  appeared first on Reuters News Agency.

Reuters exclusively reported that Boeing Co (BA.N), said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying some near-term deliveries, after its supplier Spirit AeroSystems (SPR.N), discovered two mis-drilled holes on some fuselages.  The post New quality glitch to delay some Boeing 737 MAX deliveries  appeared first on Reuters […]

Reuters was first to report that Chinese internet giant Alibaba Group (9988.HK),  is looking to sell a number of consumer sector assets, including grocery business Freshippo and retailer RT-Mart.  The post Alibaba considers sale of consumer assets including Freshippo, RT-Mart appeared first on Reuters News Agency.