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Reuters exclusively reported that Citigroup is investigating workplace harassment allegations made by at least one employee against a senior U.S. banker who works on initial public offerings.  The post Citigroup probes senior IPO banker over bullying claims appeared first on Reuters News Agency.

Reuters exclusively reported that a United Nations-backed alliance of banks is proposing its members disclose more information on their commitments to tackle climate change without requiring them to coordinate action, in a compromise it hopes will prevent departures.  The post UN-backed bank group seeks to avoid departures with new climate guidelines  appeared first on Reuters […]

Reuters exclusively reported that Mexican state energy company Pemex and billionaire investor Carlos Slim’s team are discussing ways to revive development of the country’s first deepwater natural gas field that was shelved twice before.  The post Mexico’s Pemex, Carlos Slim team met to discuss deepwater gas project  appeared first on Reuters News Agency.

Reuters was first to report on the early trial data for Novo Nordisk’s highly anticipated experimental drug amycretin which showed that participants had a weight loss of 13.1% after 12 weeks, prompting the company’s shares to rise to record highs and placing it above Tesla by market valuation.  The post Novo Nordisk says experimental drug […]

Reuters exclusively reported that major Bayer shareholder Harris Associates came out in strong support of the drugmaker’s decision to suspend work on breaking up the diversified group, giving some breathing room to its embattled CEO.  The post Major Bayer shareholder Harris backs CEO’s focus on internal restructuring  appeared first on Reuters News Agency.

Reuters exclusively reported that Norway’s $1.6 trillion sovereign wealth fund, the world’s largest, will call on emerging market companies in which it invests to appoint more women to their boards, making the policy global for the first time.  The post Norway’s wealth fund pushes for more women on emerging market company boards appeared first on […]

Reuters exclusively reported that fund management giant Fidelity International is planning to cut around 1,000 jobs globally in 2024, equivalent to around 9% of its headcount.  The post Fidelity International to cut 1,000 jobs globally  appeared first on Reuters News Agency.

Reuters exclusively reported that U.S. regulators are expected to significantly reduce the extra capital banks must hold under a proposed rule that has drawn aggressive pushback from Wall Street. The post US regulators expected to significantly reduce Basel capital burden  appeared first on Reuters News Agency.

Reuters exclusively reported that Gulf retail giant Alshaya Group, which owns rights to operate Starbucks in the Middle East, plans to layoff over 2,000 people as the business suffers from consumer boycotts linked to the Gaza war. The post Starbucks Middle East franchisee AlShaya to cut over 2,000 jobs  appeared first on Reuters News Agency.

Reuters was first to report that pipeline operator TC Energy’s Keystone oil pipeline suffered an outage which temporarily restricted the flow of crude through a major conduit of Canadian oil to the United States. Citing sources familiar with the matter, Reuters reported that TC had notified shippers of the outage but did not specify the […]