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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 exclusively reported that Beijing has informally asked some money managers in China to prioritise the launch of equity funds over other products like bond funds, as authorities scramble to revive its lagging stock market.  The post China pushes equity fund launches to support stock market appeared first on Reuters News Agency.

Reuters exclusively reported that Canadian miner First Quantum has entered into talks with its biggest shareholder China’s Jiangxi Copper about selling a stake in its Zambian mines. Citing a source familiar with the discussion, the story revealed that First Quantum is seeking to bolster the company’s finances after the Panama government ordered it to shutter […]

Reuters exclusively reported that Iraq wants a quick and orderly negotiated exit of U.S-led military forces from its soil but has not set a deadline, Prime Minister Mohammed Shia al-Sudani said, describing their presence as destabilising amid regional spillover from the Gaza war.  The post Iraq seeks quick exit of US forces but no deadline […]

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 […]