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Reuters was first to report the news that a tribunal granted bankruptcy protection to India’s fourth largest airline Go First, bolstering chances of its revival but dealing a blow to lessors. The decision was keenly awaited by global leasing companies in Europe and elsewhere as the ruling now bars them from repossessing dozens of their […]

Reuters exclusively reported that China has told its “big four” state-owned banks to reduce the ceiling on interest rates they pay on some deposits. The interest rate self-disciplinary mechanism, a top regulatory body overseen by the People’s Bank of China, urged lenders to lower ceilings on some personal and corporate deposits by 30 basis points […]

Papua New Guinea’s foreign minister exclusively shared with Reuters that U.S. President Joe Biden will sign defense and surveillance agreements with the island nation, cementing the strategic importance of the nation where Biden’s uncle died in World War II. The post Biden to sign defense pact in Papua New Guinea, with eyes on China appeared […]

Reuters exclusively reported that CICC Capital, a unit of leading Chinese investment bank CICC (3908.HK), has stopped using Capvision Partners’ services following an investigation into the “expert network” as part of Beijing’s crackdown on national security. The post CICC Capital bans consulting firm Capvision after China crackdown appeared first on Reuters News Agency.

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 […]

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.

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 […]