Month: February 2024

Reuters exclusively reported that Anglo American (AAL.L) may consider deeper cost-cutting measures unless market conditions improve after a fall in prices and a downturn in the platinum group metals (PGMs) sector that is the worst in 35 years, CEO Duncan Wanblad said.  The post Anglo American considers deeper cost cuts in face of worst downturn in years  […]

Reuters exclusively reported that drug maker Novartis AG (NOVN.S) is in advanced talks to acquire MorphoSys AG (MORG.DE), a developer of cancer treatments that has a market value of 1.6 billion euros ($1.7 billion).  The post Novartis in the lead to acquire cancer drug developer MorphoSys  appeared first on Reuters News Agency.

Reuters exclusively reported that Chinese brokerages, including state-owned behemoth China International Capital Corp (CICC), have restricted the amount of cross-border swap transactions domestic investors can undertake, as authorities seek to defend the weak stock market.  The post Chinese brokers restrict cross-border swaps as stocks plunge appeared first on Reuters News Agency.

Reuters exclusively reported that the U.S. Justice Department is probing accounting practices at Archer Daniels Midland Co (ADM.N), ramping up pressure on the global commodities giant.  The post US Justice Department probing ADM accounting practices -sources  appeared first on Reuters News Agency.

Reuters exclusively reported that U.S. data security software firm Cohesity told Reuters on Wednesday it has agreed to acquire Veritas’ data protection business in a deal that values the combined entity at $7 billion.  The post Softbank-backed Cohesity to buy Veritas data security unit, create $7 billion firm  appeared first on Reuters News Agency.

Reuters exclusively reported that German home prices could fall as much as 30% below their 2022 peak, according to one of the country’s largest landlords, in a more pessimistic assessment than rivals highlighting the continued threat posed to Europe’s biggest economy.  The post German landlord TAG warns home prices could fall 30% from peak appeared […]

Reuters exclusively reported that The United States on Wednesday added more than a dozen Chinese companies to a list created by the Defense Department to highlight firms it says are allegedly working with Beijing’s military, as part of a broader effort to keep American technology from aiding China.  The post Pentagon calls out Chinese companies […]

Reuters exclusively reported that A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla (TSLA.O), pay package on Tuesday, calling the compensation granted by the EV maker’s board “an unfathomable sum” that was unfair to shareholders.   The post Judge voids Elon Musk’s ‘unfathomable’ $56 billion Tesla pay package appeared first on Reuters News Agency.

Reuters was first to report that the U.S. Justice Department had disrupted a sweeping Chinese cyber-spying operation called Volt Typhoon that targeted critical American infrastructure. Reuters reported several key details on the US operations to thwart the hackers, all of which were confirmed in the official announcement.   The post US disabled Chinese hacking network targeting […]

Reuters exclusively reported that Two days after a man called in a fake emergency at the South Carolina home of Republican presidential candidate Nikki Haley, she was targeted by a second “swatting” attempt on New Year’s Day, this time by someone who said Haley had shot her daughter.  The post Republican candidate Nikki Haley was […]