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Reuters was two days ahead in reporting the blockbuster news that newly-elected President Tayyip Erdogan would select Mehmet Simsek to run economic policy. The cabinet appointment of Simsek, well respected in global financial markets for his orthodoxy, was a powerful signal that Erdogan was making a u-turn on policy after years of unorthodox interest rate […]

Reuters exclusively revealed that QatarEnergy will sign a long-term liquefied natural gas (LNG) supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, the second Asian sales deal to be sealed for Qatar’s North Field expansion project. The 15-year agreement is for the supply of 2 million tonnes annually. The post QatarEnergy to sign long-term […]

Reuters exclusively reported that private equity firms Francisco Partners and TPG have ended talks to acquire New Relic after they failed to secure enough debt financing and could not meet the business software company’s valuation expectations. Shares of New Relic dropped 5% after Reuters broke the news. The demise of the deal negotiations underscores the […]

Reuters exclusively reported that Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The post Southeast Asian tech giant Sea disbands investment arm appeared first on Reuters News Agency.

Reuters has exclusively seen documents indicating Swiss drugmaker Roche Holding AG (ROG.S) plans to sell its 800-employee drug manufacturing plant in Vacaville, California, or it will shut the factory by 2029.  The post Roche looking to sell or shut down California biologic drug plant appeared first on Reuters News Agency.

Reuters exclusively revealed that Mexico is evaluating whether buying Citigroup Inc’s (C.N) Mexican consumer unit would help boost financial inclusion, potentially in combination with a state-run bank such as the Banco del Bienestar. U.S. lender Citigroup scrapped its sale of the Banamex unit last week and said it will instead list it, a surprise move […]

Reuters exclusively reported that, in the days leading up to Turkey’s runoff presidential election, there is disagreement and uncertainty within Tayyip Erdogan’s government over whether to continue a potentially unsustainable economic program.  The post Erdogan party split on economic plan as Turkey runoff looms appeared first on Reuters News Agency.

Reuters was first to report that activist investor Carl Icahn had won enough Illumina Inc. shareholder support to install one of his nominees to the gene sequencing machine maker’s board of directors. Illumina’s market value of $30 billion made this the biggest board battle of the year, which came as Icahn seeks to reassert his […]

Reuters was ahead of the competition reporting UK inflation figures as consumer prices rose by a more-than-expected 8.7% last month and a closely watched measure of core inflation surged to a 31-yer high. UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen raising […]

Reuters exclusively revealed that online fashion giant Shein is exploring plans to build a manufacturing hub in Mexico as the company faces increased scrutiny from U.S. lawmakers and looks to expand its Latin America footprint.   The post Fast-fashion giant Shein plans Mexico factory appeared first on Reuters News Agency.