Uncategorized

Reuters exclusively reported that Valero Energy Corp (VLO.N), the second-largest U.S. oil refiner, is seeking Washington’s permission to import Venezuelan crude, hoping for a repeat of the approval granted to Chevron Corp (CVX.N) in November after a four-year ban. The post <strong>Refiner Valero seeks US approval to import Venezuelan oil</strong> appeared first on Reuters News […]

Reuters was first to report that markets were closely watching the Central Bank decision on Thursday as Egypt struggles to contain the impact of a long-running foreign currency shortage, inflation at five-year highs and a rising debt burden. Recent Reuters analyses laid out how the Egyptian pound had come under renewed pressure and a program […]

Reuters exclusively uncovered that India is resisting pressure from foreign airlines to increase traffic rights, while encouraging domestic carriers to venture into long-haul flights. Additionally, Reuters reported on tensions brewing among foreign airlines prompted by Air India’s dramatic expansion. The post Reuters exclusively reports that India resists calls for more air access in the drive […]

Reuters exclusively reported that India has requested banks and traders avoid using Chinese yuan to pay for Russian imports, due to long-running political differences with its neighbor. India, a top buyer of Russian oil and discounted coal, would prefer the use of United Arab Emirates dirhams to settle trade. Last year India’s biggest cement producer […]

Reuters exclusively revealed that Nissan Motor Co’s (7201.T) new Ariya electric vehicle has been hampered by problems at its high-tech production line, slowing delivery of a car designed to put the automaker on the road to a comeback.   The post <strong>Nissan’s electric comeback stalled by Ariya production woes </strong> appeared first on Reuters News Agency.

Reuters reported exclusively that a recent explosion in trading in a type of equity derivative security has prompted Wall Street players and a major clearing house to examine potential risks. The so-called zero day to expiry options (0DTE), which refers to contracts that expire in less than 24 hours, offer retail and institutional traders a […]

Reuters exclusively reported that Britain approved a sharp increase in exports of submarine parts and technology last year to Taiwan as it upgrades its naval forces, a move that could impact British ties with China. The value of licences granted by the British government to companies for the export of submarine-related components and technology to […]

Reuters exclusively reported that India intends to extend restrictions on the export of diesel and gasoline at the end of the month to ensure availability of refined fuels for the domestic market. The extension of rules may discourage some Indian refiners from buying Russian fuels for re-exports. The restrictions were introduced after private refiners, including […]

Reuters was first to report that PacWest Corp (PACW.O) is in talks about a liquidity boost with Atlas SP Partners and other investment firms in the latest case of a U.S. regional bank exploring such an option in the wake of Silicon Valley Bank’s failure. PacWest is considering a range of options to boost its […]

Documents reviewed by Reuters reveal Credit Suisse Group AG (CSGN.S) told staff on Thursday that the emergency backstop from the Swiss central bank does not trigger a “viability event.” Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland’s central bank, becoming the […]