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Reuters exclusively reported that German conglomerate Thyssenkrupp may need to hand over cash or keep hold of some pension liabilities to win Czech billionaire Daniel Kretinsky as a co-owner of its iconic steel business it is trying to divest.   The post Thyssenkrupp may have to pay up to forge steel business deal appeared first […]

Reuters was first to report Meta Platforms’ (META.O) paid no-ads subscription service launched in Europe this month faced one of its biggest tests as advocacy group NOYB on Tuesday filed a complaint with an Austrian regulator, saying that it amounted to paying a fee to ensure privacy.  The post Meta Platforms’ paid ad-free service targeted […]

Reuters exclusively reported that Panama’s president said on Tuesday that Canadian miner First Quantum’s lucrative copper mine Cobre Panama would be shut down, hours after the country’s Supreme Court declared its contract unconstitutional.  The post Panama president directs First Quantum to shut copper mine after court ruling appeared first on Reuters News Agency.

Reuters was first to report that Rescuers on Tuesday pulled out all 41 workers trapped for 17 days inside a collapsed tunnel in the Himalayas after drilling through the debris of rock, concrete and earth to reach them, triggering jubilation across India.  The post India jubilant as all trapped workers rescued from Himalayan tunnel appeared […]

Reuters exclusively reported that Toyota Motor (7203.T) and two affiliates plan to sell about 10% of components maker Denso (6902.T) by year-end, a stake likely worth about $4.7 billion. The post Toyota group companies plan $4.7 billion sale of Denso stake appeared first on Reuters News Agency.

Reuters exclusively reported that The $11 billion multilateral lender Climate Investment Funds, which works with the World Bank and others to accelerate investment in the developing world, has appointed Tariye Gbadegesin as its new chief executive, the first African to take the helm.   The post Climate Investment Funds appoints Tariye Gbadegesin as CEO  appeared first […]

Reuters exclusively reported that The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally.   The post Beijing bourse tells ‘major shareholders’ to refrain from selling appeared first on Reuters News Agency.

Reuters was ahead of the competition by nearly 40 minutes on the closely watched news that Panama’s Supreme Court had dealt a potential death blow to First Quantum’s hopes to keep open the country’s largest copper mine, which has become the target of intense popular protest and political upheaval in recent weeks.  Reuters also reported […]

Reuters was first to report that Choice Hotels International (CHH.N) is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts (WH.N), seeking to break a stalemate in an $8 billion takeover battle. The post Choice Hotels prepares to challenge Wyndham’s board appeared first on Reuters News Agency.

Reuters was first to report that The ongoing blockade of Ukrainian border crossings by Polish drivers has led to a sharp drop in deliveries of motor vehicle gas (LPG) to Ukrainian petrol stations, many of which are experiencing fuel shortages.   The post Ukraine fuel stations face LPG shortages as Polish supplies blocked  appeared first on […]