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The inflationary impact of U.S. President Joe Biden’s $1.75 trillion dollar plan for expanding the nation’s social safety net and fighting climate change has been at the center of the political debate in Washington for weeks. In an exclusive report, analysts from leading rating agencies Fitch Ratings and Moody’s Investors Service told Reuters that Biden’s package […]

Reuters was ahead of the competition with the news that Chile’s center-right President Sebastián Piñera had survived an impeachment vote in the Senate, which could have roiled the world’s top copper producer. The vote over allegations of irregularities in the sale of a mining firm had already passed the lower house and moved to a […]

Reuters was first with a pair of scoops that affected the oil market within hours of each other. First, Reuters reported exclusively on U.S. efforts to bring China, India, South Korea and Japan into a group that would simultaneously release oil supplies from their strategic reserves – a move widely seen as putting pressure on OPEC […]

Reuters was ahead of the competition reporting Turkey’s rate cut. The central bank pushed forward with an interest rate cut that analysts say ignores a dangerous market meltdown and inflation running near 20%. Policymakers – who are under pressure from President Tayyip Erdogan for stimulus – cut the key rate by 100 basis points to […]

Reuters exclusively reported that the United Arab Emirates (UAE) will require all gold refineries to undergo annual audits to ensure their suppliers are responsible, in an effort to combat illicit trading. Industry figures said this should raise standards in the UAE, one of the world’s biggest bullion trade hubs, but may also shift flows of gold linked […]

Reuters revealed that India’s financial crime fighting agency has ordered Future Group to submit documents related to its 2019 deal with Amazon.com Inc, as part of an investigation into possible breach of foreign investment laws. The demand indicates heightened scrutiny of a deal which is at the heart of legal battles between Amazon and Future after the […]

Reuters was first to report on Friday that the United States and Qatar had struck an agreement for Qatar to become the U.S. diplomatic representative in Afghanistan, which is being ruled by the Taliban government that Washington does not recognize. Reuters revealed that Qatar would dedicate some of its staff at its Kabul embassy to […]

Reuters exclusively reported that the standard-setter for global trade finance flows, the International Chamber of Commerce (ICC), has proposed a new set of rules to define sustainability in the trade finance arena, worth some $5 trillion a year. While governments and business sectors move quickly to set guidelines for some types of sustainable finance, there are no […]

Reuters reported exclusively that HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, as part of its plan to make Asia and wealth key pillars of growth. Under a strategy spearheaded by Group CEO Noel Quinn, HSBC is ploughing $3.5 billion into […]

Reuters reported exclusively that Saudi Arabia is in talks with banks to amend the terms of a $16 billion loan due in 2023 and possibly reduce the size of the facility, as the world’s top oil exporter looks to cut outstanding government debt and improve its balance sheet. According to a Reuters source, the potential refinancing could […]