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Reuters reported exclusively that the Canadian government is in discussion with the companies behind two proposed east coast liquefied natural gas export facilities to see how it can speed up the projects and help boost supply to Europe. Natural Resources Minister Jonathan Wilkinson told Reuters the government was looking at Spanish company Repsol’s LNG facility in New […]

Reuters exclusively reported Canada’s Brookfield Asset Management is working with banks to sell its 45% stake in French towers firm TDF Group as it seeks to capitalize on growing demand for key infrastructure assets across Europe. Brookfield has drafted in Citigroup and Credit Suisse to work on the sale which could value TDF at more than 5 billion euros. The […]

Shares of Chesapeake Energy Corp rose as much as 7% after Kimmeridge, an activist investment firm that focuses on oil and gas exploration and production companies, told Reuters it has built a stake in the U.S. oil and gas producer and started talks with the management team on changes to boost its value.  The post Reuters reveals […]

Reuter exclusively reported HSBC and Ping An executives plan to meet in mid-May to discuss the Chinese insurer’s proposal that the bank should explore strategic options such as spinning off its Asian business. Ping An, the biggest shareholder in HSBC, called on the London-headquartered bank last week to look at ways to boost returns in a move […]

Reuters exclusively reported that U.S. and Chinese regulatory officials are in talks to settle a long-running dispute over the auditing compliance of U.S.-listed Chinese firms, according to three people briefed on the matter. The standoff, if not resolved, could see Chinese firms kicked off New York bourses. The U.S. Public Company Accounting Oversight Board (PCAOB) denied an earlier […]

Reuters was first to report that President Joe Biden would sign a new weapons package worth at least $100 million for Ukraine, the latest in a series of transfers to help Kyiv repel Russia’s invasion. The United States has rushed $3.4 billion worth of armaments to Ukraine since Russia invaded on Feb. 24, including howitzers, anti-aircraft Stinger […]

Shares of Tesla rose as much as 5% after Reuters reported that its chief executive Elon Musk was in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter and tying up less of his wealth in the deal. The news eased some investors’ concerns that […]

Reuters exclusively revealed Germany’s VNG will transfer euro payments for Russian gas to Gazprombank in the future and expects no problems during a conversion to roubles, meeting Moscow’s key demands under a fresh payment scheme. VNG’s first detailed comments on the matter come as European buyers of Russian gas must navigate a new set of rules Moscow has […]

Reuters shed light on how a record-breaking drought in Chile, the world’s no. 1 copper producer and no. 2 producer of battery metal lithium, is impacting mining operations and forcing companies to escalate their search for more sources of water, from water treatment and pricey desalination plants to even encouraging workers to use less water in the […]

Reuters reported exclusively that Chinese-owned MMG’s huge Las Bambas copper mine in Peru was considering a plan to evict indigenous communities that have camped on the property and forced a production halt. Getting production started again at Las Bambas would add to global supply, potentially dampening prices.  Peruvian police later revealed they had evicted an indigenous community that set up […]