Uncategorized

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, sources familiar with the matter said. The sale of shares in Denso would mark the latest step by the world’s top selling automaker to cash in […]

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 exclusively reported that France, Germany and Italy have reached an agreement on how artificial intelligence should be regulated.   The post Germany, France and Italy reach agreement on future AI regulation   appeared first on Reuters News Agency.

Reuters was first to report that Barclays (BARC.L) has been exploring a potential acquisition of Tesco’s (TSCO.L) banking operations.   The post Barclays explores deal for Tesco banking business  appeared first on Reuters News Agency.

Reuters was first to report that Barclays (BARC.L) is working on plans to save up to 1 billion pounds ($1.25 billion), which could involve cutting as many as 2,000 jobs, mainly in the British bank’s back office.   The post Barclays working on $1.25 bln cost plan, could cut up to 2,000 jobs  appeared first on Reuters […]

Reuters exclusively reported that Amazon (AMZN.O) is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O). Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of troves of data by a few companies and big players leveraging their dominance […]

Reuters was first to report that as EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars.  The post Hybrid vehicle sales surge in China, posing fresh […]

Reuters exclusively reported that India’s Jindal Power Ltd, the only company whose expression of interest to take over Go First was accepted by creditors, has decided to not follow through with a bid, three people familiar with the plans said, pushing the insolvent airline closer to liquidation. The deadline to submit takeover bids ends on […]

Reuters exclusively reported that a German court ruling that forced Berlin to freeze 60 billion euros ($65 billion) in planned green investment spending could have a negative impact on growth in Europe’s biggest economy.  The post German court ruling could hit growth next year  appeared first on Reuters News Agency.