Category : Reuters

Category : Reuters - Business

Reuters exclusively reports Siemens spin-offs tap hydrogen boom in wind alliance

Reuters exclusively reported that Siemens Gamesa and Siemens Energy are developing a commercial offshore wind turbine that produces hydrogen via electrolysis, marking a breakthrough for the mass production of renewable hydrogen. The companies are in...

Reuters exclusively reports U.S. tells European companies they face sanctions risk on Nord Stream 2 pipeline

Reuters exclusively reported that the U.S. State Department this month told European companies, which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline, that they face the risk of sanctions as the outgoing Trump administration pre...

Reuters exclusively reports Swiss-based trader Telf to sell ERG’s cobalt in 3-yr deal

Reuters reported exclusively that Swiss-based commodity trader Telf AG will sell cobalt produced by Eurasian Resources Group’s operation in the Democratic Republic of Congo, equivalent to 10% of global supply in 2021. Under the deal, expected to run...

Reuters exclusively reports some lending apps thrive on Google Play despite violations

Reuters reported exclusively that at least 10 Indian lending apps on Google’s Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrowers. Four apps were ta...

Reuters exclusively reports China’s Baidu, Geely to make smart electric vehicles

Reuters reported exclusively that China’s search engine giant Baidu Inc will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV), the latest move by a tech company in the fast-evolving sector....

Reuters exclusively reports hand wash stations provider United Site up for sale for $4 billion after COVID-19 boost

Reuters reported exclusively that portable toilets vendor United Site Services Inc is exploring a sale that could value it at around $4 billion, including debt, as its hand wash stations business sees strong demand during the pandemic. The Westborou...

Reuters breaks news on Chile threatens legal action to get Albemarle to disclose lithium reserves

Reuters broke the news that Chilean regulators have threatened Albemarle Corp with legal action, demanding that the world’s top lithium miner present a plan for turning over data on its reserves of the ultralight battery metal. Market watchers...

Reuters reveals SoFi near deal to go public with SPAC backed by venture capital investor Palihapitiya; market reacts

Reuters broke the news on Thursday that online lending startup Social Finance Inc (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investo...

Reuters exclusively reports Italy could take on $17 billion of UniCredit bad loans to ease MPS sale

Reuters exclusively reported that Italy is working on a plan to take on about 14 billion euros ($17 billion) of UniCredit’s impaired loans to make a takeover of state-owned Monte dei Paschi more attractive for the country’s second-biggest bank. Shar...

Reuters provides analysis on Peugeot and FCA, completing their merger is just the start

Fiat Chrysler and PSA said on Jan. 4 that investors had given their blessing to a $52 billion merger to create the world’s fourth largest automaker, and shares in the new company, named Stellantis, would start trading in two weeks. Once up and runni...

Reuters reveals drugmakers to hike prices for 2021

Reuters revealed that drugmakers including Pfizer Inc, Sanofi SA, and GlaxoSmithKline Plc planned to raise U.S. prices on more than 300 drugs in the United States on Jan. 1. The hikes come as drugmakers are reeling from effects of the COVID-19 pande...

Reuters reveals hedge fund Third Point urges Intel to explore deal options; market reacts

Reuters broke the news that activist hedge fund Third Point LLC was pushing the company to explore strategic alternatives, including whether it should keep chip design and production under one roof. The post Reuters reveals hedge fund Third Point ur...

Reuters exclusively reported Airbus says it can lose $5 billion in orders from Air Asia X restructuring

Reuters reported exclusively that Airbus has said it stands to lose more than $5 billion worth of orders if AirAsia X Bhd’s (AAX) debt restructuring scheme goes through, joining more than a dozen creditors that have challenged the Malaysian lo...

Reuters exclusively reports WHO vaccine scheme risks failure, leaving poor countries with no COVID shots until 2024

Reuters exclusively reported that the global scheme to deliver COVID-19 vaccines to poorer countries faces a “very high” risk of failure, potentially leaving nations home to billions of people with no access to vaccines until as late as 2024, intern...

Reuters ahead with key news on boom in SPACs

SPACs, or special purpose acquisition companies, were considered a backwater of the capital markets a decade ago. In 2020, they emerged as one of the most active areas on Wall Street – and Reuters has been keeping clients and readers ahead on the la...