Month: March 2024

Reuters exclusively reported that private Indian firms have expressed interest in building at least 10 gigawatts (GW) of coal-fired power capacity over a decade, ending a six-year drought in significant private involvement in the sector. The post Indian firms look to bet big on coal-fired power after long absence  appeared first on Reuters News Agency.

Reuters exclusively reported that a group of lenders to China’s Country Garden has hired Allen & Overy and Deloitte as advisers as creditors to the embattled developer gear up for possible debt restructuring talks.  The post Country Garden lenders’ group hires advisers for debt revamp talks  appeared first on Reuters News Agency.

Reuters exclusively reported that Singapore’s Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of liquefied natural gas (LNG) trading firm Pavilion Energy.  The post Singapore’s Temasek shortlists Saudi Aramco, Shell in sale of Pavilion Energy assets appeared first on Reuters News Agency.

Reuters exclusively reported that Canada will expedite the approval process for new nuclear projects but will not exclude them from the federal environmental review as requested by the province of Ontario.   The post Canada to expedite approval of new nuclear projects appeared first on Reuters News Agency.

Reuters was first to report that the United States would impose sanctions on over 500 targets in action marking the second anniversary of Russia’s invasion of Ukraine.  The post US to target Russia with more sanctions  appeared first on Reuters News Agency.

Reuters exclusively reported that the International Monetary Fund has resolved key issues with Egyptian authorities in a review of its $3 billion loan program and should finalize an augmented financing package within weeks.  The post IMF’s Georgieva sees completion of Egypt loan reviews in ‘weeks’ appeared first on Reuters News Agency.

Reuters exclusively reported that Alphabet’s Google Cloud ramped up its criticism of Microsoft’s cloud computing practices, saying its rival is seeking a monopoly that would harm the development of emerging technologies such as generative artificial intelligence.  The post Google steps up Microsoft criticism, warns of rival’s monopoly in cloud  appeared first on Reuters News Agency.

Reuters exclusively reported that chipmaker Broadcom was nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR.   The post Broadcom nears $3.8 bln sale of remote access unit to KKR  appeared first on Reuters News Agency.

Reuters exclusively reported that a group of offshore creditors of China South City is set to file a lawsuit against the debt-laden developer’s biggest state-owned shareholder for dues, in what would be the first such case in the crisis-hit property sector.  The post In a first, Chinese developer’s creditors plan to sue state-owned shareholder for […]

Reuters exclusively reported that U.S. drugmaker Eli Lilly LLY.N expects to launch Mounjaro, its blockbuster diabetes drug and wildly popular obesity treatment, in India as early as next year after it clears an ongoing regulatory review.  The post Eli Lilly could launch obesity drug in India next year appeared first on Reuters News Agency.