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Reuters exclusively reported that Italian state lender Cassa Depositi e Prestiti (CDP) and Australian fund Macquarie are set to secure unconditional EU antitrust approval for their acquisition of broadband network company Open Fiber, sources close to the matter said on Monday. The approval could help a long-unresolved plan to merge Open Fiber’s network with that […]

Reuters was first to report that TikTok Chief Executive Officer Shou Zi Chew will step down as its parent ByteDance’s chief financial officer to focus on running the short video operation business full time. The Chinese tech company also plans a major reorganization to create six business units, ByteDance Chief Executive Liang Rubo said in the memo […]

Reuters broke the news that Goldman Sachs Group Inc has come up with a new offering that allows investors to bet on special purpose acquisition companies (SPACs), its latest attempt to capitalize on the dealmaking trend. Reuters sources said the bank makes money by providing investors financing to participate in the product and by keeping some of […]

Reuters was ahead in reporting that Britain will fund green investments of more than 3 billion pounds ($4.11 billion) over five years and provide new guarantees to support clean infrastructure projects in developing economies. The UK government made the pledge as the United Nations COP26 summit opened in Glasgow, Scotland. The UK will also separately provide additional […]

Reuters revealed that media mogul Byron Allen has raised $10 billion in preferred equity and debt for his bid for the U.S. regional TV station operator Tegna Inc, hoping to prevail over a rival offer from investment firms Apollo Global Management Inc and Standard General LP. Tegna, formed from the breakup of newspaper publisher Gannett in 2015, […]

Reuters was first to report that the United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs.  The post Reuters first to report U.S., EU […]

Reuters reported exclusively on how Donald Trump’s social media deal partner took advice from a group of China-based businessmen who in the past tried their hand at businesses ranging from Spanish wine to Korean women’s fashion, and at one point had their “integrity” questioned by U.S. regulators. The post Reuters exclusively reports Trump media deal […]

Reuters reported exclusively that President Joe Biden’s administration is working with international partners to prepare new sanctions that could be levied in response to Nicaragua’s Nov. 7 election, which Washington has denounced as a sham organized by President Daniel Ortega. Biden’s administration, building on sanctions imposed by his predecessor Donald Trump, has imposed punitive financial measures and […]

Reuters revealed that the U.S. oil and gas producer was nearing a deal to buy the Delaware Basin assets of peer Pioneer Natural Resources for more than $3 billion, expanding Continental’s operations into Texas. The companies then confirmed the deal. It is the latest sign that soaring crude prices are emboldening some U.S. energy companies […]

Reuters exclusively revealed how Myanmar’s junta is using fake social media accounts to denounce opponents and press its message that it seized power to save the nation from election fraud. The army, which was banned by the country’s dominant online platform Facebook after the Feb. 1 coup, has tasked thousands of soldiers with conducting what […]