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Reuters was first to report that Ghana suspended payments on much of its external debt, effectively defaulting as the west African country struggles to plug its cavernous balance of payments deficit. Prices of Ghana’s sovereign international bonds dropped sharply in the wake of the announcement.  Ghana had already announced a domestic debt restructuring and struck […]

Reuters exclusively revealed that law enforcement officials investigating Elon Musk’s Neuralink Corp over its animal trial program are also scrutinizing the U.S. Department of Agriculture’s oversight of the company’s operations, after the agency failed to act on violations at other research organizations. The post Reuters reveals Probe of Musk’s Neuralink to scrutinize long-criticized U.S animal […]

Capping a year of agenda-setting exclusives, Reuters exclusively revealed yesterday that the European Central Bank (ECB) would use its final rate-setting meeting of 2022 to upgrade its inflation forecasts for the euro area and to acknowledge that inflation would be well above its 2% target into 2025.    Such shifts in inflation forecasts have a direct bearing […]

Reuters exclusively reported that Mexican broadcaster Grupo Televisa is offering to merge its cable and broadband unit Izzi with smaller rival Megacable. Megacable has not yet accepted the deal, but after Reuters revealed the news Megacable shares surged 14.8% , while shares of Televisa – Mexico’s largest broadcaster – also rallied 10.75% in morning trade. The offer […]

Reuters exclusively reported Microsoft is seeking to address European Union (EU) antitrust concerns about its business practices prompted by a complaint from Salesforce.com workspace messaging app Slack. The move, which may head off the opening of a formal EU antitrust investigation, underscores once again Microsoft’s new preference for working out issues with regulators rather than […]

Reuters exclusively revealed how splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world’s largest cryptocurrency exchange Binance. The investigation began in 2018 and is focused on Binance’s compliance with U.S. anti-money laundering laws and sanctions. The post Reuters reveals U.S. Justice Dept is split over […]

Reuters took readers on a deep dive into how for more than a decade, Chinese developers’ debt-fuelled construction boom enriched the country’s shadow banks, who were eager to capitalise on the needs of an industry desperate for credit and too risky for traditional lenders. Now, in the wake of a government clampdown on real estate […]

Reuters was first to report SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. The post Reuters reveals India’s Snapdeal to shelve $152 million IPO amid tech stocks rout appeared first on […]

Reuters exclusively reported that U.S. President Joe Biden’s administration is drafting an executive order intended to streamline approval for private rocket launches amid a broader effort to bring legal and regulatory clarity for American companies on everything from space travel to private space stations. The order would be part of a push to modernize U.S. […]

Reuters exclusively revealed port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is evaluating selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings. The post Reuters reveals Temasek’s PSA considers multi-billion dollar exit from Hutchison Ports appeared first on Reuters News Agency.