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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 exclusively revealed that Credit Suisse is sounding out investors for fresh cash, approaching them for the fourth time in around seven years as it attempts a radical overhaul of its investment bank. The investment bank is also evaluating various scenarios, including the most drastic option of largely exiting the U.S. market. Credit Suisse shares […]

Reuters was first to report the hotly anticipated pricing range of the planned initial public offering (IPO) of Porsche, the luxury sportscar maker that parent company Volkswagen is planning to list on the Frankfurt stock exchange. The targeted pricing of the preferred shares of Porsche translates into a valuation of up to 75 billion euros, below the upper […]

Reuters was first to report that the world’s top oil trader Vitol has posted the highest ever profits, making more money in the first half of 2022 than in the whole of 2021, which was already its previous all-time high. The company, which trades 7% of global oil, posted net profits of $4.5 billion. Market […]

Reuters was first to report that a unit of Japan’s Sony Group and India’s Zee Entertainment have proposed offering concessions such as pricing discounts to help ease the concerns of the country’s antitrust regulator over their merger, which will create a $10-billion TV behemoth. The concessions are a bid to iron out antitrust worries of […]

Reuters was first to report yesterday that a joint venture between India’s Vedanta and Taiwan’s Foxconn has selected Indian Prime Minister Narendra Modi’s home state of Gujarat for its semiconductor project, the first major step in its $20 billion plan. Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat […]

Reuters was first to report that the Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools. The move would expand the reach of the limits and could subject other U.S. companies producing similar technology to the restrictions.  The post Reuters reveals Biden […]

Reuters exclusively revealed the United States is considering options for a sanctions package against China to deter it from invading Taiwan, with the European Union coming under diplomatic pressure from Taipei to do the same.  The post Reuters reveals U.S. weighs China sanctions to deter Taiwan action, Taiwan presses EU appeared first on Reuters News […]

Reuters was first to report Goodyear Tire & Rubber has reached an agreement to settle a labour dispute at its Malaysian factory with migrant workers who alleged unpaid wages and benefits. Goodyear, one of the world’s largest tire makers, declined to say how much it paid out, but the workers said settlement agreements signed this year […]

Reuters was first to report Colombia’s state-run oil company Ecopetrol has asked the oil regulator to suspend contracts for two fracking pilot projects for 90 days. The two projects — being developed in Santander province by Ecopetrol and U.S. oil major Exxon Mobil Corp — have faced stiff resistance from environmental groups and could be […]