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Reuters exclusively reported that Chinese regulators have closed a regulatory loophole that last year allowed heavily indebted local government financing vehicles (LGFVs) to further increase their borrowing.  The post China closes local government offshore financing loophole  appeared first on Reuters News Agency.

Reuters reported U.S. investment giants Pimco and Vanguard have bought local Turkish assets in recent months, betting that the country will maintain high interest rates after years of erratic policymaking under President Tayyip Erdogan. The post US giants Pimco, Vanguard invest in Turkey after its return to rate hikes  appeared first on Reuters News Agency.

Reuters exclusively reported that Ghana’s official creditors are scheduled to meet on Monday to discuss restructuring some $5.4 billion in loans to the country, a key step needed to secure its next tranche of funding from the International Monetary Fund.  The post Ghana official creditors to meet Monday to discuss debt restructuring terms appeared first […]

Reuters was first to report India’s antitrust body is investigating domestic units of global delivery companies, such as Germany’s DHL, U.S.-based United Parcel Service (UPS.N) and FedEx (FDX.N), for alleged collusion on discounts and tariffs. The post India probes DHL, FedEx, UPS for alleged antitrust practices, price collusion  appeared first on Reuters News Agency.

Reuters was first to report that India’s sugar output this crop year, hit by weak rains, is set to lag consumption for the first time in seven years, and lower plantings may even force the world’s No.2 producer to import in the following year. The post Not so sweet: India may need to import sugar […]

Reuters was first to report that a little-known private equity firm is set to take on the toughest job in corporate Japan: turning around Toshiba. Japan Industrial Partners (JIP) is spearheading a $14 billion takeover that will see the troubled conglomerate delisted on Wednesday after 74 years on the Tokyo exchange.  The post In buying […]

Reuters exclusively reports that Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3% of gross domestic product in 2024, while other fiscal support may be covered by off-budget debt. The post China to run budget gap of 3% of GDP in 2024, issue special debt  […]

Reuters exclusively reported that BP’s (BP.L) board has short-listed interim CEO Murray Auchincloss and two senior female executives as internal candidates to replace Bernard Looney as chief executive. BP was thrown into turmoil after Looney resigned on Sept. 12 for failing to disclose relationships with employees and leaving no clear succession plan in place.  The […]

Reuters reported that QatarEnergy expects to agree new long-term liquefied natural gas supply deals in Asia and Europe, with several “imminent”. The post QatarEnergy CEO says new LNG supply deals ‘imminent’ appeared first on Reuters News Agency.

Reuters was first to report that Six U.S. oil and gas bankers who missed out on a wave of mega deals in the oil patch after leaving mergers and acquisitions powerhouse Citigroup (C.N) last year to join smaller firm Guggenheim Securities are now decamping to Moelis & Co (MC.N).  The post Guggenheim oil and gas […]