Exclusive-China prepares to tweak yuan fixing process to slow its fall -source
SHANGHAI (Reuters) – Chinese monetary authorities are asking local banks to revive a yuan fixing tool it abandoned two years ago as they seek to …
Source
Byju’s pays $234 million to Blackstone related to Aakash deal – source
By Yuvraj Malik (Reuters) – India’s Byju’s has paid 19 billion rupees ($234 million) to Blackstone Inc, settling its dues owed to the private-equity firm …
Russia to spend $600 billion on defence and security by 2025 – source
LONDON (Reuters) – Russia is planning to spend a total of 34 trillion roubles ($600 billion) on national defence, security and law enforcement between 2022 …
Indian govt not averse to weaker rupee vs dollar – source
By Ira Dugal and Aftab Ahmed NEW DELHI (Reuters) -The Indian government is not averse to a weaker rupee in line with global market fundamentals, …
Steele Dossier’s Main Source Lied About The Trump ‘Pee Tape,’ Durham Says
Steele Dossier’s Main Source Lied About The Trump ‘Pee Tape,’ Durham Says Trevor Schakohl on September 14, 2022 Russian Steele dossier source Igor Danchenko tried …
‘Cooling off’ period to avert shutdown as U.S. rail deal heads for vote -source
WASHINGTON (Reuters) – U.S. railway parties have agreed to a cooling off period as standard part of the ratification process after reaching a tentative deal …
Bed Bath & Beyond interim CEO to stay in post for at least a year – source
By Siddharth Cavale and Jessica DiNapoli NEW YORK (Reuters) – Bed Bath & Beyond Inc’s interim CEO Sue Gove will likely lead the financially struggling …
Russia, Myanmar not invited to Queen Elizabeth’s funeral – source
LONDON (Reuters) – Britain has not invited representatives from Russia, Belarus and Myanmar to attend Queen Elizabeth’s state funeral due to be held next Monday, …
Canada’s Trudeau set to announce inflation relief for low incomes – source
By Steve Scherer VANCOUVER (Reuters) – Canadian Prime Minister Justin Trudeau is set to unveil measures on Thursday to provide inflation relief to low-income families, …
Citigroup hires three for China securities business – source
HONG KONG (Reuters) – Citigroup has hired three bankers for its planned China securities business, according to a person familiar with the matter. It hired …
Argentina to hasten rate hike after ‘soy dollar’ FX move, source says
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to hike the country’s interest rate as early as this week, a source …
Argentina could hike interest rate to 75% this month, source says
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank could hike the benchmark interest rate to 75% this month, a source with direct knowledge …
Argentina mulls requesting IMF loan from resilience trust -source
By Jorgelina do Rosario LONDON (Reuters) – Argentina is considering asking for an International Monetary Fund loan under its new Resilience and Sustainability Trust (RST), …
Argentina prepares to restrict imports amid foreign exchange shortage -source
BUENOS AIRES (Reuters) – Argentina’s government will launch three measures in the coming days aimed at restricting imports and preserving the central bank’s dwindling foreign …
Germany’s Scholz plans to send more arms to Ukraine – source
TORONTO (Reuters) – Chancellor Olaf Scholz said on Tuesday that Germany planned to deliver further arms to Ukraine, worth more than 500 million euros ($498.55 …
Pinduoduo to launch international e-commerce platform next month – source
BEIJING (Reuters) – Chinese e-commerce giant Pinduoduo plans to launch a cross-border e-commerce platform next month which will target the United States as its first …
Trump Organization ex-CFO nears plea deal in New York tax fraud case -source
By Karen Freifeld NEW YORK -The long-time financial chief of former President Donald Trump’s namesake real estate company is expected to plead guilty in New …
China’s CATL presses ahead with battery plans for North America -source
SHANGHAI – China’s CATL, the world’s largest battery maker, is pressing ahead with plans to deliver lower-cost lithium iron batteries to Ford Motor Co and …
White House competition adviser set to step down in coming months -source
By David Shepardson WASHINGTON -White House competition adviser Tim Wu, who advocated breaking up Big Tech companies and coined the term “net neutrality”, plans to …
Canada asks France to extradite accused priest -French diplomatic source
By Mathieu Rosemain PARIS – France has received a request from Canada to extradite retired Roman Catholic priest Johannes Rivoire so he can face a …
Exclusive-India central bank prepared to spend $100 billion more defending rupee – source
By Swati Bhat and Aftab Ahmed MUMBAI/NEW DELHI -India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the …
Daily Harvest says it has found source that sickened customers
(Reuters) – Meal-kit delivery company Daily Harvest said on Tuesday it had identified tara flour as the ingredient that sickened hundreds of customers and led …
S.Korea’s LG Energy Solution to supply batteries to India’s Mahindra -source
SEOUL – South Korean battery maker LG Energy Solution is set to supply batteries to Mahindra & Mahindra’s first electric sports utility vehicle (SUV), a …
Zambia’s creditors seen offering financial assurances by end-July -source
By Andrea Shalal WASHINGTON – Zambia’s official creditors are expected to offer it financial assurances by the end of July, paving the way for the …
HSBC in talks to sell Russian lending business to Expobank -source
LONDON – HSBC is in advanced talks to sell its Russian corporate lending business to Expobank, a source with knowledge of the matter told Reuters, …
Sequoia China raises $9 billion amid hopes crackdown is easing – source
By Julie Zhu HONG KONG – Sequoia Capital China has raised a total of nearly $9 billion for four new funds amid investor hopes that …
Klarna in talks to raise fresh funds at roughly $6 billion valuation -source
By Anirban Sen (Reuters) -Swedish payments firm Klarna Bank AB is nearing a deal to raise fresh capital at a valuation of about $6 billion …
NBCUniversal secures $7 billion in upfront ad sales – source
By Dawn Chmielewski (Reuters) – NBCUniversal said on Thursday it completed the highest-grossing upfront advertising sales period since its acquisition by Comcast Corp with commitments …
G7 discussions with China, India on Russian oil price cap positive -source
By David Lawder WASHINGTON – Group of Seven democracies have had positive and productive discussions with China and India about a plan to cap the …
Morgan Stanley will cover U.S. employees’ travel for abortion services -source
NEW YORK – Morgan Stanley joined other large U.S. banks expanding its healthcare coverage to include travel costs for employees seeking abortion services if they …
ANA’s low-cost arm to resume flights to Seoul after 2-1/2 years, source says
By Maki Shiraki TOKYO – The low-cost carrier arm of Japan’s ANA Holdings, Peach Aviation, is set to resume flights to Seoul from late August, …
Deutsche Bank will cover travel costs for employees seeking abortions -source
NEW YORK – Deutsche Bank AG is updating its U.S. healthcare policy to cover travel costs for any medical procedure, including abortion, that is not …
U.S. transport chief pushes airlines to ensure reliable summer operations – source
WASHINGTON – U.S. Transportation Secretary Pete Buttigieg on Thursday pushed airline chief executives to scrutinize whether they can reliably operate flight schedules amid rising demand, …
Canadian police probe possible bomb threat to parliament – source
By Steve Scherer OTTAWA – Canadian police are investigating a possible risk to national security that forced parliament to lock down for several hours on …
Georgia officials that Trump pressured will testify at U.S. Capitol riot hearing -source
WASHINGTON – Two Georgia election officials that former President Donald Trump tried to pressure to “find” votes that would overturn his defeat in that state …
Apollo in talks to provide up to $2 billion in financing for Kohl’s sale – source
By Chibuike Oguh (Reuters) – Apollo Global Management Inc is in talks to provide up to $2 billion in debt financing for the potential acquisition …
Freeport LNG fire cuts key source of U.S. gas supply to Europe, Asia
By Marwa Rashad LONDON (Reuters – An at least three-week shutdown at Freeport LNG, operator of one of the largest U.S. export plants producing liquefied …
Trading firms Citadel Securities, Virtu building crypto-trading ecosystem- source
NEW YORK – Trading firms Citadel Securities and Virtu Financial Inc are collaborating on a cryptocurrency trading “eco-system” that will enable retail brokerages to offer …
Shopify shareholders give CEO 40% voting stake – source
(Reuters) – Shareholders of Shopify Inc on Tuesday voted in favor of protecting Chief Executive Officer Tobias Lutke’s 40% voting stake, a source told Reuters, …
UK’s Johnson promises tax cuts and plan for growth – Conservative source
LONDON – Prime Minister Boris Johnson promised lawmakers a new economic plan for growth next week, a Conservative Party source said on Monday after the …
Biden to exempt tariffs on solar panels from Southeast Asian countries for 24 months -source
WASHINGTON – U.S. President Joe Biden will issue a proclamation on Monday that will allow solar panels to be imported to the United States from …
‘A Source Of Concern’: Jobs Growth Stalls, Unemployment Rises In May
‘A Source Of Concern’: Jobs Growth Stalls, Unemployment Rises In May Thomas Catenacci on June 3, 2022 The U.S. economy added 390,000 jobs in May …
Renault boss Luca de Meo could return to Japan in June – source
(Reuters) – The head of French carmaker Renault could return to Japan in June for the second time in two months, a source close to …
Biden to meet Jordan’s King Abdullah this week -source
WASHINGTON – U.S. President Joe Biden is expected to meet later this week with Jordan’s King Abdullah, a source familiar with the meeting said on …
Hungary, Slovakia to get end-2023 exception to Russian oil embargo – source
By Francesco Guarascio BRUSSELS – Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, …
VW mulls expanding U.S. plant to build ID.Buzz, electric pickup – source
BERLIN -Volkswagen is considering an expansion of its Chattanooga plant in the United States to produce an electric pick-up and the new ID.Buzz microbus, a …
UBS’s Chin steps down as China head, to be replaced by Qian -source
HONG KONG – UBS Group’s China country head David Chin has stepped down from the role but will remain the bank’s head of investment banking …
Credit Suisse has no plans to raise capital – source
ZURICH – Credit Suisse has no plans for a capital increase, a source familiar with the matter told Reuters on Wednesday, after the Swiss bank …
Hong Kong’s second SPAC deal put on hold, source says, clouding prospects
By Scott Murdoch HONG KONG – A blank-cheque firm backed by VMS Asset Management has paused plans to go public in Hong Kong due to …
Three killed in Russian kindergarten shooting
(Reuters) -An armed man opened fire at a kindergarten in Russia’s central Ulyanovsk region on Tuesday, killing two children and a teacher, the region’s governor …