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Shares of Spanish industrial testing company Applus jumped 14% after Reuters exclusively reported on May 4 that the company had attracted interest from private equity firms Apax, Apollo, I Squared, and TDR. Applus confirmed in a statement through Spanish market regulator on May 5 that it has received unsolicited approaches from investors, granting them access […]

Reuters exclusively reported that India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers. This would be a major setback for Indian importers of cheap oil and coal from Russia who were awaiting a permanent rupee payment mechanism to […]

Reuters exclusively reported that U.S. private equity firm Apollo Global Management Inc is seeking to take a majority stake in SAS and aims to apply for approval from Swedish and Danish regulators for the deal as part of the Scandinavian airline’s rescue plan. The post Apollo seeks to take majority stake in SAS’s Chapter 11 […]

Reuters was first to report that Barrick Gold Corp is not interested in buying Canadian miner Teck Resources’ copper business. Barrick CEO Mark Bristow told Reuters in an exclusive interview that the world’s second-biggest gold miner would instead expand its copper business through organic growth. Bristow sighted lack of synergies and Teck’s debt load for […]

Reuters exclusively reported that Suriname reached an agreement in principle with its Eurobond creditor committee for the restructuring of its debt. The post Suriname reaches debt restructuring deal with bondholders appeared first on Reuters News Agency.

The day after India’s Go Airlines filed for bankruptcy, Reuters exclusively reported that its owner does not intend to exit the cash-strapped airline. In its bankruptcy filing, India’s third-largest airline, which recently re-branded as Go First, claimed its failure followed a refusal by Pratt & Whitney to abide by an arbitration order to release spare […]

In an exclusive conversation with Reuters, Heather Boushey, a member of the White House Council of Economic Advisers, said Federal Reserve interest rate hikes aimed at curbing inflation were having a negative impact on the banking sector and warned Republicans against worsening the situation with their debt ceiling threats.  The post White House: Fed interest […]

Government officials exclusively revealed to Reuters that India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels.  The post India, China propose ‘multiple pathways’ on cutting use of fossil […]

Sources exclusively revealed to Reuters that the U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan.  The post US government may delay decision on electric vehicles biofuel program appeared first on Reuters News Agency.

Reuters exclusively reported that Microsoft is offering to charge more for its Office product when bundled with its messaging app Teams (versus Office without Teams) in an attempt to stave off an EU antitrust investigation. Microsoft was hit with more than 2.2 billion euros in EU antitrust fines in the previous decade for various antitrust […]