Uncategorized

Reuters exclusively reported China’s Geely Automobile Holdings and an oil group are in talks about taking stakes in the fossil-fuel engine unit Renault plans to separate from its electric vehicle business. But Renault’s alliance partner, Japanese carmaker Nissan, does not plan to take a stake in the combustion engine unit.  The post Reuters reveals Geely, […]

Reuters exclusively revealed U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters. The post Reuters reveals U.S. sought records on Binance CEO for crypto […]

Reuters was first to report that a merger between the Indian unit of Japan’s Sony and Zee Entertainment to create a $10 billion TV enterprise will potentially hurt competition by having “unparalleled bargaining power”. A confidential notice detailing the Indian antitrust watchdog’s initial review, seen by Reuters, stated the watchdog is of the view that […]

Reuters exclusively reported oil production in the Iraqi region of Kurdistan could almost halve by 2027 if there is no new exploration or major investment in the sector. A steep decline in oil revenue, a lifeline for the Kurdish Regional Government, would compound the economic woes of a region already struggling financially within an unstable […]

Reuters exclusively reported that U.S. regulators have selected Alibaba, JD.com, Yum China and other U.S.-listed Chinese companies for audit inspections starting next month. PwC, Deloitte and KPMG, the respective accounting firms of Alibaba, JD.com and Yum China, have also been informed of the audit work inspection.   The move follows last Friday’s landmark audit deal between […]

Reuters exclusively reported European Union (EU) antitrust regulators will not appeal a court ruling scrapping its 997-million-euro fine against Qualcomm, in a major win for the U.S. chipmaker. It is rare for the European Commission not to appeal adverse judgments, but the EU competition watchdog feels that it would be very difficult to make its […]

Reuters set the U.S. political news agenda this past weekend and exclusively revealed that Donald Trump-backed Pennsylvania gubernatorial candidate Doug Mastriano posed in a Confederate uniform for a 2013-14 faculty photo at the U.S. Army War College, where he worked. Obtained under a Freedom of Information Act request after reporters learned of its existence, the […]

Reuters was first to report that many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia’s invasion of Ukraine. Nayara per se has not been sanctioned as part of the international response to what Russia calls its “special military […]

Reuters shed light into how, from $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such “aspirational” purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major […]

Reuters was first to report Sri Lanka will ask Japan to invite the Indian Ocean island’s main creditor nations, including China and India, to talks on bilateral debt restructuring as it seeks a way out of its worst economic crisis in decades. “Someone needs to call in, invite the main creditor nations. We will ask […]