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Reuters exclusively reported that Chevron Corp’s (CVX.N) renewed oil operations in Venezuela will enter a new phase next month, boosting production with the goal of accelerating recovery of the $3 billion debt owed by the end of 2025.   The post Chevron aims to boost Venezuela oil output to accelerate debt recovery appeared first on Reuters […]

In the latest news on Rakuten’s moves to fortify its balance sheet, Reuters exclusively reported that Japanese e-commerce firm Rakuten was looking to raise around 300 billion yen ($2.2 billion) by issuing new shares to shore up its finances after years of losses from its mobile business. Shares of Rakuten, which were up around 5% […]

Reuters exclusively reported that Western Digital and Japan’s Kioxia Holdings are speeding up their merger talks and now nailing down a deal structure as a slumping flash memory market has put fresh consolidation pressure on the world’s no.2 and no.4 chipmakers. Under the plan now being worked out, the merged entity would be 43% owned […]

Reuters led reporting of the Turkish presidential elections, from initial reports showing President Erdogan’s comfortable lead to the subsequent local news of his lead dropping below 50%, making a runoff likely. With Erdogan facing the most credible challenge to his power in two decades, markets were watching the results closely. The lira and stock markets […]

Reuters was first to report that Argentina’s central bank would hike the benchmark interest rate 600 basis points to 97% after inflation overshot expectations in April to hit 109% on an annual basis. The latest huge hike, part of a package of emergency measures to rein in prices and bolster a weak local peso currency, […]

Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow.   The post Turkey defers $600 million Russian energy payment under deal appeared first on Reuters News […]

Reuters broke the news on May 8 that Ireland’s Ryanair was close to announcing a major aircraft deal with Boeing, ending months of deadlock. Boeing shares initially rose about 1% and gained another 2% when the news was confirmed on May 9. In Europe, shares in Europe’s largest budget carrier also rose. The long-awaited deal […]

Reuters was first to report on Sunday that a private equity consortium comprising Warburg Pincus and Advent International was in advanced talks to acquire medical device maker Baxter International Inc’s BAX.N biopharma solutions business in a deal that could exceed $4 billion. Warburg Pincus and Advent submitted the most attractive offer to Baxter in an […]

Reuters was first to report that the Italian Treasury is ready to back a joint purchase proposal for Telecom Italia’s (TIM) grid by KKR and state lender CDP in a bid to end a stalemate over the sale process of the phone group’s prized asset. Buoyed since early trade, Telecom Italia shares rose further after […]

Reuters swiftly reported on the European Central Bank’s rate hike strategy, as detailed by ECB President Christine Lagarde at a press conference. Reuters analyzes the likelihood of further tightening in the fight against inflation.    The post ECB slows rate hike pace but signals more to come appeared first on Reuters News Agency.