Blog Standard

QatarEnergy to sign long-term LNG supply deal with Bangladesh

Reuters exclusively revealed that QatarEnergy will sign a long-term liquefied natural gas (LNG) supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, the second Asian sales deal to be sealed for Qatar’s North Field expansion project. The 15-year agreement is for the supply of 2 million tonnes annually. The post QatarEnergy to sign long-term […]
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Francisco Partners, TPG end talks to buy New Relic

Reuters exclusively reported that private equity firms Francisco Partners and TPG have ended talks to acquire New Relic after they failed to secure enough debt financing and could not meet the business software company’s valuation expectations. Shares of New Relic dropped 5% after Reuters broke the news. The demise of the deal negotiations underscores the […]
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Southeast Asian tech giant Sea disbands investment arm

Reuters exclusively reported that Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The post Southeast Asian tech giant Sea disbands investment arm appeared first on Reuters News Agency.
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Erdogan party split on economic plan as Turkey runoff looms

Reuters exclusively reported that, in the days leading up to Turkey’s runoff presidential election, there is disagreement and uncertainty within Tayyip Erdogan’s government over whether to continue a potentially unsustainable economic program.  The post Erdogan party split on economic plan as Turkey runoff looms appeared first on Reuters News Agency.
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Congo to hike stake in copper, cobalt venture with China 

Reuters exclusively revealed that The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. The post Congo to hike stake in copper, cobalt venture […]
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JPMorgan to close 21 First Republic Bank branches

Reuters exclusively reported that JPMorgan Chase & Co (JPM.N) will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed lender into its operations.  The post JPMorgan to close 21 First Republic Bank branches appeared first on Reuters News Agency.
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UniCredit cuts Amundi funds’ share in assets under management

Reuters exclusively reported that UniCredit has been trimming the share of Amundi funds among its assets under management as the Italian bank and its French partner spar over their 3.7 billion euro deal that runs out in 2027. Amundi shares lost 6% on Wednesday, underperforming a 1.5% drop in France’s all-share index.       The post UniCredit […]
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