Month: May 2024

Reuters exclusively reported that Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest financial fraud. The post Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud appeared first on Reuters News Agency.

Reuters exclusively reported that Lockheed Martin has been awarded a $17 billion contract to develop the next generation of interceptors that would guard the United States against an intercontinental ballistic missile attack. The post Lockheed wins US missile defense contract worth $17 bln appeared first on Reuters News Agency.

Reuters exclusively reported that Russian copper producer RCC and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap. The post Russia and China trade new copper disguised as scrap to skirt taxes, sanctions appeared first on Reuters News Agency.

Reuters exclusively reported that the OPEC+ oil producers group, having lost Angola and other players in recent years, is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade.  The post OPEC woos Namibia as African nation prepares to produce from 2030 appeared first on Reuters […]

Reuters exclusively reported that Russia and Ukraine negotiated for two months with Turkey on a deal to ensure the safety of shipping in the Black Sea and reached an agreement on a text that was to be announced by Ankara but Kyiv suddenly pulled out.  The post Russia-Ukraine Black Sea shipping deal was almost reached […]

Reuters was first to report that UAE state-owned energy giant ADNOC had weighed a bid for BP but decided against proceeding amid concerns about the strategic fit and political considerations.  Shares of the 88 billion-pound British oil major rose by more than 3% on Friday, outperforming peers and the broader FTSE100 Index.  The post UAE’s […]

Reuters exclusively reported that Independent browser companies in the European Union are seeing a spike in users in the first month after EU legislation forced Alphabet’s Google, Microsoft and Apple to make it easier for users to switch to rivals.  The post EU’s new tech laws are working – small browsers gain market share appeared […]

Reuters exclusively reported that President Joe Biden is seeking to revive interest in a plan to build the first high-speed rail in the U.S. using Japanese bullet trains. The governments of both countries signalled support for the plan after their leaders met in Washington this week.  The post Biden, Kishida likely to discuss Texas bullet […]

Reuters exclusively reported that Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, with an aim to tap into a fast-growing market for such services in Southeast Asia. The post Abu Dhabi’s largest Islamic bank in talks to […]

Reuters exclusively reported that Zuora, which makes subscription management software for businesses, is exploring options that include a sale after receiving acquisition interest from potential suitors. The post Billing software firm Zuora explores sale after takeover interest appeared first on Reuters News Agency.