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Reuters was first to report that OPEC and its allies (OPEC+) had agreed to increase oil output in January. Benchmark Brent oil prices fell $2 per barrel after the news, which ended uncertainty in the market over whether oil producers might halt their monthly supply increases due to concern about the impact of the new […]

Shares of Digital World Acquisition Corp rose as much as 22% after Reuters exclusively reported that the blank-check acquisition firm and former U.S. President Donald Trump’s social media venture were seeking to raise $1 billion for their deal. Trump Media & Technology Group, which has yet to roll out the social media app it says […]

Shares of Indian fertilizer companies surged after Reuters exclusively reported that the federal government plans to increase fertilizer subsidies to a record of more than 1.55 trillion rupees ($20.64 billion) in 2021-22. Global fertilizer prices have almost trebled over the past year due to record increases in the prices of coal and natural gas, the […]

Reuters was first to report that the Czech National Bank is in a comfortable position with interest rates and it can tighten policy further at a more moderate pace, and possibly consider no rate hike at its December meeting, Governor Jiri Rusnok said last Thursday. The central bank stunned markets with a 125-basis-point rate hike […]

In an in-depth analysis, Reuters detailed how the European Central Bank’s latest comments on inflation have lobbed another grenade in the path of the euro. Already down over 7% to the dollar this year, the euro tumbled against every major currency after ECB President Christine Lagarde quashed money markets’ expectations of a 2022 interest rate […]

Reuters reported exclusively that Turkey’s state energy company BOTAS is expected to turn to the central bank to help meet its growing need for hard currency and to support the lira as gas prices and demand climb during the peak consumption winter months. Reuters sources said that the government intends BOTAS to tap the central […]

Reuters exclusively reported that telecoms tycoon Patrick Drahi is looking to increase his stake in BT Group as he seeks to extend his influence at the British company, betting its fiber optic rollout will boost value. Since the billionaire Altice founder bought a 12.1% stake in BT worth about 2.2 billion pounds ($2.95 billion) on June […]

Reuters exclusively reported that China has been pushing U.S. executives, companies and business groups to fight against China-related bills in the U.S. Congress. Reuters sources said letters from the economic and commercial office of China’s embassy in Washington have pressed executives to urge lawmakers to alter or drop specific bills that seek to enhance U.S. […]

Reuters reported exclusively that Chinese financial conglomerate Ping An Insurance Group is seeking to offload its 44% stake in auto services portal Autohome. Ping An, which is currently the biggest shareholder of Beijing-based Autohome via an offshore entity, has held talks with several strategic and private equity investors for the stake in recent months. The […]

Reuters exclusively reported on Friday that credit card giant Visa expects to resolve its fee dispute with Amazon.com Inc in Britain and hopes to continue its co-branded credit card partnership with the e-commerce giant in the United States. In an interview with Reuters, Visa’s chief financial officer Vasant Prabhu said Amazon accounted for a relatively small […]