Month: February 2024

Reuters was first to report that Morgan Stanley’s asset management division (MS.N),  aims to double its private credit portfolio to $50 billion in the medium term as it gathers funds from large investors to loan out to companies.  The post Morgan Stanley plans to double private credit portfolio to $50 bln   appeared first on Reuters […]

Reuters exclusively reported that India’s federal government may keep its gross market borrowing for 2024/25 close to this fiscal year’s level, as it looks to rein in its borrowings that have more than doubled, mainly due to pandemic spending.  The post India may keep 2024/25 gross borrowings close to current year’s level appeared first on […]

Reuters exclusively reported that Archer-Daniels-Midland Co (ADM.N), will delay paying performance bonuses to some executives until its financial statements are completed and audited.  The post ADM postpones some executive bonuses amid accounting probe appeared first on Reuters News Agency.

Reuters was first to report that Turkey’s parliament would debate Sweden’s NATO bid on Jan. 23, and then followed that up with a series of exclusive news driving the rapid steps toward completion: U.S. President Joe Biden’s letter informing Congress that he intended to send members Turkey’s request to purchase F-16 fighter jets; an interview […]

Reuters exclusively reported that Saudi Arabia’s surprise reversal of its oil expansion ambitions was at least six months in the making, after Riyadh concluded its vast spare capacity was enough to supply markets during crises and further investments in new fields would make no economic sense.  The post Saudi Arabia’s capacity U-turn was months in […]

Reuters exclusively reported that UBS is forging ahead with its integration of Credit Suisse but two key investors fear the Swiss bank could be on a collision course with regulators because of its size.  The post Two key UBS investors worry about bank’s size, regulatory friction  appeared first on Reuters News Agency.

Reuters exclusively reported that more than a dozen tankers loaded with 10 million barrels of Russia’s Sokol grade crude oil have been stranded off the coast of South Korea for weeks, so far unsold due to U.S. sanctions and payment issues, according to two traders and shipping data.  The post Russia struggles to sell Pacific […]

Reuters exclusively reported that Inpex Corp (1605.T), Japan’s top oil and gas explorer, is selling its minority stake in a Russian oil project in Siberia to Japanese trading house Itochu Corp (8001.T).  The post Japan’s Inpex selling stake in Russian oil project to Itochu, sources say  appeared first on Reuters News Agency.

Reuters exclusively reported that Sony scrapped the $10 billion merger of its Indian arm with Zee Entertainment (ZEE.NS), in part because Zee failed to meet some financial terms of the deal and come up with a plan to address them. The post Sony scrapped $10 bln India merger as Zee failed to meet financial terms […]

Reuters exclusively reported that Britain’s biggest domestic bank Lloyds was cutting around 1,600 roles across its branch network, part of a renewed push by lenders to axe costs as tough economic conditions and pressure on margins prompt them to tighten their belts. It is the latest in a string of deep cuts made by British […]