Uncategorized

Reuters was first to report the Bank of England would not hesitate to change interest rates and was monitoring markets “very closely” after the pound plunged to a record low in response to the new government’s financial plans. The sterling fell about 1.5% against the U.S. dollar to $1.0671 from $1.082 before the Bank of […]

Reuters exclusively reported major developments in a process that saw the largest Latin American development bank, IDB, oust its president, Mauricio Claver-Carone, after an independent ethics probe found “direct evidence” that he had an intimate relationship with a subordinate and violated other bank rules. Reuters first broke news of the investigation in April this year and […]

Reuters was first to report Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. The post Reuters reveals Southeast Asia’s Grab sees no big layoffs despite weak market appeared first on […]

Reuters was first to report German utilities RWE and Uniper are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar’s North Field Expansion project to help replace Russian gas. Talks between Germany and Qatar have been fraught with differences over key conditions such as the length of contracts and pricing, but […]

Reuters was first to report some contractors helping French power giant EDF to inspect and repair its corrosion-hit nuclear reactors are planning to relax their rules on radiation exposure limits so that their workers can spend more time on the job. EDF, which is rushing to get its fleet of nuclear power stations ready for […]

Reuters exclusively revealed that Citigroup has submitted a comprehensive multiyear plan to the Federal Reserve and the Office of the Comptroller of the Currency outlining steps to fix weaknesses in its risk management and internal controls. Sources said the plan aims to address a 2020 directive from the Fed demanding that the bank correct several […]

Reuters exclusively revealed that Delta Air Lines plans to start receiving shipments of renewable fuel feedstocks at its Trainer, Pennsylvania, refinery as part of a strategy that could reduce its environmental liabilities by hundreds of millions of dollars. Sources said the refinery is expected to start importing agricultural products such as soybean oil, which can […]

Reuters was first to report Turkey’s central bank cut its policy rate by 100 basis points today, even as inflation rose above 80%, and as central banks globally race in the opposite direction and tighten policy. The Turkish lira sank to a record low of 18.42 versus the dollar after the move. The post Reuters […]

Reuters exclusively reported Turkish defence firm Baykar has delivered 20 armed drones to the United Arab Emirates this month and could sell more, as a diplomatic detente between the former regional rivals expands into military contracts. The post Reuters reveals Turkey sells battle-tested drones to UAE as regional rivals mend ties appeared first on Reuters […]

Reuters exclusively reported PepsiCo has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine. The post Reuters reveals PepsiCo ends Pepsi, 7UP production in Russia months after promising halt over Ukraine […]