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Reuters shed light into how rubble and ashes, overlooked by a single golden pagoda, are almost all that remain of the wood and brick houses most people had built for themselves in the quiet riverside village of Bin in the Buddhist heartland of central Myanmar. Bin is one of more than 100 villages partially or completely burned […]

A Reuters poll found that more than three-quarters of Japanese firms say the yen has declined to the point of being detrimental to their business, with almost half of companies expecting a hit to earnings. The results of the Reuters Corporate Survey are one of the clearest signs yet that much of Japan Inc is struggling with […]

Reuters exclusively reported that Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, in what would be the first takeover of a top Italian team by Middle East investors. One source close to the talks told Reuters the deal to buy the seven-time European champions from current owner Elliott Management […]

Reuters revealed that Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if Moscow moves to de-list Russian companies’ depositary receipts from foreign exchanges. The potential windfall is due to the fees that bank issuers of depositary receipts can contractually charge investors when they cancel the product. The fees could potentially […]

Reuters took a deep dive into how severe outbreaks of bird flu in the United States and France are tightening global egg supplies and raising prices for the food staple as the war in Ukraine disrupts shipments to Europe and the Middle East. Higher prices are particularly painful for consumers who rely on eggs as a low-cost source […]

Reuters was first to report that major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15 to avoid falling foul of European Union sanctions on Russia. The EU has not imposed a ban on imports of Russian oil in response to Russia’s invasion of Ukraine, […]

Reuters exclusively reported that China’s top offshore oil and gas producer CNOOC is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing that the assets could become subject to Western sanctions. Ties between China and the West have long been strained by trade and human rights issues, and the tension […]

Reuters exclusively reported BlackRock plans to launch its first product in China’s $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring staff accordingly. The world’s largest money manager, which thrives on the rise of passive investing with 70% of its $10 trillion global portfolio in ETFs and index funds, will be the […]

Reuters exclusively reported that Carlyle Group Inc said on Wednesday it has raised $4.6 billion for its second credit fund that provides debt financing to companies, including family-owned businesses and private equity-backed firms. The new fund, Carlyle Credit Opportunities Fund II, exceeded its initial target of $3.5 billion and is expected have up to $6 billion to deploy […]

Reuters exclusively reported that the Consumer Financial Protection Bureau (CFPB)—the agency dedicated to ensuring that U.S. consumers are treated fairly by banks and lenders—plans to ramp up enforcement actions against lenders that illegally charge credit card late-payment fees. The report also noted that the CFPB may rewrite its rules that set thresholds for such fees. It marks […]