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Reuters revealed that EU countries and lawmakers are likely to agree on a 43-bln-euro plan to boost the European Union’s chip industry on April 18 at a European Parliament session. The EU sees this as its answer to the $52 bln U.S. CHIPS Act and also in response to global supply chain problems in recent […]

Reuters exclusively reported that India’s Bank of Baroda (BOB.NS) has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, a move that could expedite transition to a rupee trade mechanism. Some Indian refiners were paying in the United Arab Emirates dirham currency for Russian low-sulphur crude […]

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 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 […]

Reuters exclusively reported that Britain is trying to limit the burden on bond dealers as it prepares to sell the highest volume of government debt since the COVID-19 pandemic against a backdrop of turbulent markets. The post <strong>UK debt agency treads careful path to sell near-record volume of bonds</strong> appeared first on Reuters News Agency.