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Payments giant FIS prepares to break up Reuters broke the news that banking and payments conglomerate Fidelity National Information Services, Inc. is preparing to break up, undoing a $43 billion acquisition it completed four years ago. Sources said FIS plans to pursue a tax-free spin-off of its merchant business, which processes payments for companies. FIS […]

Reuters reported that Britain placed another hurdle in the way of Microsoft’s $69-billion mega purchase of “Call of Duty” maker, Activision Blizzard, saying it could harm gamers by weakening the rivalry between Xbox and Sony’s PlayStation. The post Britain takes aim at Microsoft’s $69 billion ‘Call of Duty’ deal appeared first on Reuters News Agency.

Reuters shed light on how, armed with the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle industry, which uses the metal extensively. In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for […]

Reuters was first to report that state firms from Iran and Venezuela are soon to start a 100-day revamp of the South American nation’s largest refining complex to restore its crude distillation capacity. Sources said the effort by state oil company PDVSA and the National Iranian Oil Refining and Distribution Company to boost fuel output […]

Reuters shed light on how Syria has, for the first time, asked for assistance from the European Union, after a devastating earthquake killed more than 20,000 people in the country and in neighbouring Turkey. The EU said it would provide additional emergency support to both countries and emergency humanitarian assistance worth 6.5 million euros in […]

Reuters exclusively revealed that North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies. A confidential United Nations report seen by Reuters said North Korean-linked hackers were estimated to have stolen virtual assets worth $630 million in 2022, while North Korean cybercrime […]

Reuters exclusively reveals that EU industry chief Thierry Breton is poised to launch a consultation on whether Big Tech should bear a portion of telecoms network costs. Breton confirms the consultation will be announced at Barcelona. EU telecoms providers have long sought to have Big Tech cover some infrastructure cost for 5G and broadband, as […]

Reuters exclusively reported that Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a “super boutique” and sees revenue surging to as much as $3.5 billion, as the embattled lender seeks to raise funds for the revamped business.  The post Reuters exclusively reports Credit Suisse markets CSFB as ‘super […]

Reuters was first to report that Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars. While Western sanctions against Moscow are not recognised by India, and purchases of Russian oil may in any case not violate them, banks and financial […]

Reuters exclusively reported that, as shared by senior government sources directly involved in decision-making, India is considering extending a ban on wheat exports to replenish depleted state reserves and bring down record-high domestic prices. India’s plan to maintain the export curb until mid-2024 was confirmed by trade and industry officials. Earlier, India, the world’s second largest wheat […]