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Reuters exclusively reported that Abu Dhabi National Oil Co (ADNOC) is closing in on a deal with Austria’s OMV (OMVV.VI) to combine two entities in which the companies own stakes to create a chemicals giant, two people with knowledge of the talks said. In July OMV said it had entered into talks to merge petrochemicals […]

Reuters exclusively reported that Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia, said two people familiar with the situation.  The post Austria stalls Russian sanctions over Raiffeisen blacklisting  appeared first on Reuters News […]

Reuters was first to report that the U.S. Treasury Department’s Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street’s accounting for such threats, people familiar with the matter said.  The post […]

Reuters exclusively reported that Argentina is set to receive financing from the Development Bank of Latin America and the Caribbean (CAF) to make a $913 million payment due to the IMF next week, two sources familiar with the matter told Reuters. Argentina, whose $44 billion International Monetary Fund programme makes it the largest debtor to […]

Reuters exclusively reported that Apple (AAPL.O) has offered to let rivals access its tap-and-go mobile payments systems used for mobile wallets, three people familiar with the matter said, a move that could settle EU antitrust charges and stave off a possible hefty fine. The EU competition enforcer last year charged Apple with curbing rivals’ access […]

Reuters exclusively reported that Chinese chip designers including Tencent Holdings (0700.HK) are aggressively pitching their AI chips as alternatives to Nvidia’s (NVDA.O), hoping U.S. export restrictions will prompt clients to switch, said four people familiar with such discussions. California-based Nvidia commands as much as 90% of China’s $7 billion market for chips used to process […]

Reuters exclusively reported that China’s Huawei Technologies has asked Mercedes Benz (MBGn.DE) and Volkswagen’s Audi if they are interested in buying small stakes in its smart car software and components firm, according to three people with knowledge of the discussions.The move is aimed at expanding its partnerships beyond Chinese brands, they said. Huawei (HWT.UL), the […]

Reuters exclusively reported that South Korea’s National Pension Service (NPS) and central bank are in talks to extend their foreign exchange swap programme that was due to expire in December, according to two government sources with direct knowledge of the matter.  The post South Korea’s pension fund, central bank to extend FX swap line appeared […]

Reuters exclusively reported that Miner Liontown Resources (LTR.AX) is speaking with the United States Department of Defense about supplying tantalum from its Australian operations if the U.S. passes a new regulation by year end as expected, its chief executive told Reuters on Thursday. Lining up a tantalum deal with the U.S. defense department would provide […]

Reuters exclusively reported that The British and U.S. governments imposed sanctions on two Russian hackers on Thursday for what Britain’s foreign office said was a sustained but failed attempt to interfere in politics by Russian cyber spies. A hacking group cybersecurity researchers dubbed “Cold River”, working on behalf of Russia’s Federal Security Service (FSB), targeted […]