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Reuters exclusively reported that Hitachi (6501.T) has offered to sell assets in France and Germany as well as its core train control technology to gain EU antitrust approval for its 1.7 billion euro ($1.8 billion) buy of Thales’ (TCFP.PA). GTS railway signalling business. The Japanese conglomerate put in its offer to the European Commission on […]

Reuters exclusively reported that Bayer’s (BAYGn.DE) new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up.  The post Bayer’s new CEO plans to cut management jobs in prelude to overhaul appeared first on Reuters News […]

Reuters was first to report that SoftBank Group (9984.T) CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company’s most valuable asset: chip designer Arm Holdings (ARM.O). Arm’s blockbuster initial public offering (IPO) was oversubscribed by 12 […]

Reuters exclusively reported that India’s Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion.  The post India’s Reliance Retail in $1.5 billion Gulf, Singapore funds talks  appeared first on Reuters News Agency.

Reuters scored two major victories in its reporting this week of the European Central Bank’s cliff-hanger interest rate meeting. First, on the eve of the meeting, it exclusively reported that the ECB would revise upwards its inflation forecasts, acknowledging that inflation would remain above 3% next year – well above target. That was seized on […]

Shares in Country Garden jumped as much as 10% on Tuesday after Reuters first reported that the cash-strapped Chinese property developer secured approval from its creditors to extend the maturities of six onshore bonds. The stock was the third-biggest percent gainer in Hang Seng Composite Index, which tracks properties and construction stocks. Reuters reported, citing […]

Reuters exclusively reported that the world’s second-biggest fashion retailer H&M (HMb.ST) has decided to gradually stop sourcing from Myanmar, as reports of labor abuses in garment factories in the country increase. The post H&M says it will “phase out” sourcing from Myanmar appeared first on Reuters News Agency.

Reuters exclusively reported that Bridgewater Associates’ flagship fund had a bearish view on U.S. stocks in late July just as a rally that saw the benchmark S&P 500 soar this year was about to lose steam, according to a presentation to investors seen by Reuters.  The post Bridgewater’s flagship fund was bearish on US stocks […]

Reuters exclusively reported that ArcelorMittal SA (MT.LU), the world’s second-largest steelmaker, is considering a potential offer for U.S. Steel Corp (X.N). The combination would reverse ArcelorMittal’s retreat from the United States as a production base after it sold most of its operations to Cleveland-Cliffs Inc (CLF.N) in 2020 for $1.4 billion to focus on growing […]

China’s foreign ministry has confirmed Reuters exclusive report that Premier Li Qiang will lead the country’s delegation at this week’s G20 summit in India, in the place of President Xi Jinping. Xi has participated in all previous G20 meetings of world leaders during his decade in power and his absence scuppers the prospects for meeting […]