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Reuters was first to report China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment. The planned sale comes against the backdrop of China’s sweeping regulatory crackdown since late 2020 on technology heavyweights. Shares of Hong […]

Reuters exclusively revealed that securing a new $5 billion loan from the International Monetary Fund (IMF) would help reassure Ukraine’s other creditors that the war-torn country’s macroeconomic situation was under control. Ukraine’s previous $5 billion loan program was canceled in March as the IMF approved $1.4 billion in emergency financing with few conditions in the […]

Reuters exclusively reported Kazakhstan is expected to sell some of its crude oil through Azerbaijan’s biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut. Kazakh oil exports account for more than 1% of world supplies, or roughly 1.4 million barrels per day. The post Reuters reveals Kazakhstan […]

Reuters exclusively revealed that Germany’s incoming gas price levy, which is meant to distribute the high costs of replacing Russian gas among all end-consumers, will be set between 2 and 3 euro cents perkilowatt hour. The post Reuters reveals German gas levy to be set at 2-3 euro cents per kilowatt hour appeared first on […]

Reuters exclusively reported that China’s war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those options aside for now. The tariffs make Chinese imports more expensive for U.S. companies, which, in turn, make products cost morefor consumers. The […]

Reuters was first to report Indian companies are using Asian currencies more often to pay for Russian coal imports, avoiding the U.S. dollar and cutting the risk of breaching Western sanctions against Moscow. India has aggressively stepped up purchases of Russian oil and coal since the war in Ukraine began, helping to cushion Moscow from […]

Reuters exclusively reported that Google Fiber plans to bring its high-speed internet service to multiple cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next several years in its first big expansion since it spun out as an independent Alphabet unit in 2015. In his first media interview since becoming Google Fiber CEO in […]

Reuters was first to report higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise from 2021, according to an economy ministry document seen by Reuters. The jump in revenues, if it materialises, will help shore up Russia’s economy in the […]

Reuters revealed that the standing paddy crop across most of northern Sri Lanka’s Kilinochchi district is stunted for the second successive season because of the lack of fertilizer. Across rice farms in this Indian Ocean island, the bleak picture is emerging that the summer harvest could be as low as half that of previous years, […]

Reuters was first to report that Russian airlines, including state-controlled Aeroflot, are stripping jetliners to secure spare parts they can no longer buy abroad because of Western sanctions. The steps are in line with advice Russia’s government provided in June for airlines to use some aircraft for parts to ensure the remainder of foreign-built planes […]