Category : Reuters

Category : Reuters - Business

Reuters first with news Brazil’s IG4 bidding to become a top shareholder in Chilean miner SQM; market reacts

Reuters broke the news that Brazilian private equity firm IG4 Capital was bidding to buy key stakes in holding companies that control Chilean lithium miner Sociedad Quimica y Minera de Chile, known as SQM. If longtime SQM stakeholder Julio Ponce agr...

Reuters exclusively reports Russia’s Sberbank to expand in logistics in e-commerce push

Russia’s biggest bank Sberbank plans to expand its logistic business across the world’s largest country as it seeks to capitalize on a booming e-commerce market, Chief Financial Officer Alexandra Buriko told Reuters. As banking margins shrink, Sberb...

Reuters first to report GameStop initiates search for new CEO

Reuters was first to report that GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm. It would be the biggest shakeup at GameStop since Ryan Cohe...

Reuters exclusively reports $1 billion IPO plan for ADNOC-OCI fertilizer JV

Reuters exclusively reported that Abu Dhabi National Oil Company (ADNOC) and chemical producer OCI N.V., which is backed by Egyptian businessman Nassef Sawiris, are weighing an initial public offering of their fertilizer joint venture Fertiglobe. Ac...

Reuters exclusively reports China’s antitrust regulator bulking up as crackdown on behemoths widens

Reuters exclusively reported that China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behavior, especially among the country’s powerful companies. The report on Beijin...

Reuters exclusively reports BlackRock, Mustier’s blank-check firm eye Credit Suisse fund management arm

Reuters exclusively reported that BlackRock and Jean-Pierre Mustier’s blank-check firm are among investors expressing interest in Credit Suisse’s asset management arm, as the Swiss lender explores options for the unit after a run of costly scandals....

Reuters first to report China set to clear Tencent’s $3.5 bln Sogou deal subject to data security conditions

Reuters was first to report China’s antitrust regulator is ready to clear tech giant Tencent Holdings Ltd’s plan to take the country’s no.3 search engine, Sogou, private. The regulator, State Administration of Market Regulation (SA...

Reuters exclusively reports Abu Dhabi oil giant ADNOC considers IPO of drilling business

Reuters exclusively reported that Abu Dhabi National Oil Company (ADNOC) is considering listing its drilling business on the local stock market, according to three sources familiar with the matter. The oil giant, which supplies nearly 3% of global o...

Reuters exclusively reports EU blocks 3.1 million doses of AstraZeneca shots to Australia

Reuters exclusively reported that the European Union has blocked shipments of 3.1 million doses of AstraZeneca’s COVID-19 vaccine to Australia, and the country has little hope of getting the remaining 400,000 doses it has been pledged on time. The e...

Reuters exclusively reports Russia cenbank to choose between holding and raising rates in April

The Russian central bank will consider holding or raising interest rates at its April 23 board meeting as inflation is seen hovering above the 4% target throughout 2021, the bank’s head of monetary policy, Kirill Tremasov, told Reuters. After slashi...

Reuters exclusively reports S.Korea’s POSCO weighs how to exit Myanmar

Reuters reported exclusively that giant South Korea steelmaker POSCO has begun reviewing how it might end a joint venture with a firm controlled by the military in Myanmar in the wake of the coup there in February. As Myanmar’s army rulers con...

Reuters exclusively reports India further cuts Saudi oil imports

Reuters reported exclusively that Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied produc...