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Sources

Brazil 2023 budget bill to lower welfare program but will indicate gov’t intention to increase it -sources

August 30, 2022
Brazil 2023 budget bill to lower welfare program but will indicate gov't intention to increase it -sources - photo licensed by shore news network.

By Bernardo Caram BRASILIA (Reuters) – Brazil’s 2023 budget bill to be sent to Congress on Wednesday should lower the Auxílio Brasil welfare program to …

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United Airlines, Emirates set to announce codeshare agreement — sources

August 30, 2022
United airlines, emirates set to announce codeshare agreement -- sources - photo licensed by shore news network.

By David Shepardson and Alexander Cornwell WASHINGTON/DUBAI (Reuters) -United Airlines and Dubai’s Emirates are set to announce a codeshare agreement in the coming weeks, sources …

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Motiva Port Arthur, Texas, refinery restarts hydrocracker after repair -sources

August 29, 2022

HOUSTON (Reuters) – Motiva Enterprises restarted the large hydrocracker at its 626,000-barrel-per-day (bpd) Port Arthur, Texas, refinery over the weekend after completing repairs to the …

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U.S. hits Iran-backed group in third day of violence in eastern Syria – sources

August 25, 2022

AMMAN (Reuters) -The U.S. military on Thursday hit several targets in the Syrian city of Mayadin in parts of Deir al Zor province under government …

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Exclusive-Major traders, banks cut business ties with Russia-backed Indian refiner -sources

August 24, 2022
Exclusive-major traders, banks cut business ties with russia-backed indian refiner -sources - photo licensed by shore news network.

By Nidhi Verma NEW DELHI (Reuters) – Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as …

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Chinese airline owner Juneyao Group plans to enter booming EV market -sources

August 23, 2022
Chinese airline owner juneyao group plans to enter booming ev market -sources - photo licensed by shore news network.

SHANGHAI (Reuters) – Juneyao Group, the parent of Chinese carrier Juneyao Airlines, plans to start making electric vehicles (EV), two people with knowledge of the …

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Exclusive-U.S. commits to Afghan asset talks despite frustration with Taliban – sources

August 22, 2022
Exclusive-u. S. Commits to afghan asset talks despite frustration with taliban - sources - photo licensed by shore news network.

By Jonathan Landay WASHINGTON (Reuters) – U.S. President Joe Biden’s administration will press ahead with talks on releasing billions of dollars in Afghanistan’s foreign-held assets …

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Israeli strikes hit Iranian targets near Russia’s Mediterranean bases – sources

August 14, 2022

By Suleiman Al-Khalidi AMMAN -Israel hit Iranian targets in a series of strikes on Sunday near the ancestral home region of Syrian President Bashar al …

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Ford to use renewable energy sources to make vehicles in Michigan

August 10, 2022
Ford to use renewable energy sources to make vehicles in michigan - photo licensed by shore news network.

(Reuters) – Ford Motor Co said on Wednesday every vehicle it manufactures in Michigan would be assembled using solar and other renewable energy sources by …

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SpiceJet loans ‘high risk’ for some lenders, say sources

August 8, 2022
Spicejet loans 'high risk' for some lenders, say sources - photo licensed by shore news network.

By Nupur Anand and Aditi Shah MUMBAI -Three Indian banks have internally categorised loans to SpiceJet Ltd as being at “high risk” though the airline …

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Porsche and Piech families seek driving seat at Volkswagen – sources

August 7, 2022
Porsche and piech families seek driving seat at volkswagen - sources - photo licensed by shore news network.

By Jan Schwartz HAMBURG – Volkswagen’s controlling shareholder families aim to keep Europe’s top carmaker on a shorter leash and want greater say over strategic …

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Israel, Palestinians agree truce from Sunday evening – sources

August 7, 2022
Israel, palestinians agree truce from sunday evening - sources - photo licensed by shore news network.

GAZA/JERUSALEM – Israel and Palestinian militants have agreed to observe a truce in Gaza from Sunday evening as proposed by Cairo, sources said, after a …

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Germany wants clearer EU debt rules to rein in spending – govt sources

August 5, 2022
Germany wants clearer eu debt rules to rein in spending - govt sources - photo licensed by shore news network.

BERLIN – Germany wants European Union rules on member states’ debt to be enforced more rigorously, government sources said on Friday, setting out reforms sought …

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APA Corp buys West Texas oil producing land for $505 million

August 3, 2022

By Shariq Khan and David French (Reuters) -U.S. oil producer APA Corp said on Wednesday it bought West Texas properties for $505 million during the …

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U.S. has no DNA on Zawahiri, confirmed death by other sources – White House

August 2, 2022
U. S. Has no dna on zawahiri, confirmed death by other sources - white house - photo licensed by shore news network.

WASHINGTON – The United States has no DNA confirmation of the death of al Qaeda leader Ayman al-Zawahiri in the heart of Kabul, a White …

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Crisis-hit Pakistan’s army chief seeks U.S. help in quick release of IMF funds – sources

July 29, 2022
Crisis-hit pakistan's army chief seeks u. S. Help in quick release of imf funds - sources - photo licensed by shore news network.

By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD – Pakistan’s powerful army chief appealed to Washington to use its leverage to secure the early release …

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Turkey to forge on with selective loan policy despite backlash -sources

July 29, 2022
Turkey to forge on with selective loan policy despite backlash -sources - photo licensed by shore news network.

By Nevzat Devranoglu and Orhan Coskun ANKARA – Turkey will stick to policies that allow only net exporters to access cheap lira loans and may …

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OPEC+ to weigh holding oil output steady or small hike, sources say

July 28, 2022
Opec+ to weigh holding oil output steady or small hike, sources say - photo licensed by shore news network.

By Alex Lawler and Ahmad Ghaddar LONDON – OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, …

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Exclusive: Business payments firm Billtrust up for sale – sources

July 27, 2022

By David French NEW YORK – BTRS Holdings Inc, the owner of business payments vendor Billtrust, is exploring options that include a potential sale, according …

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Exclusive: EU antitrust regulators likely to block Illumina, Grail deal – sources

July 27, 2022
Exclusive: eu antitrust regulators likely to block illumina, grail deal - sources - photo licensed by shore news network.

BRUSSELS – EU antitrust regulators are expected to veto U.S. life sciences firm Illumina’s acquisition of biotechnology company Grail, people familiar with the matter said …

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Exclusive-UBS plans to expand China footprint with new mutual fund unit – sources

July 27, 2022
Exclusive-ubs plans to expand china footprint with new mutual fund unit - sources - photo licensed by shore news network.

By Selena Li and Samuel Shen HONG KONG/SHANGHAI – UBS Group AG plans to set up a wholly owned mutual fund business in China, two …

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U.S. House delays consideration of stablecoin bill – sources

July 26, 2022
U. S. House delays consideration of stablecoin bill - sources - photo licensed by shore news network.

By Pete Schroeder WASHINGTON – A key regulatory panel will delay consideration of a broad stablecoin regulation bill for several weeks amid banking industry pushback …

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WHO experts split on monkeypox emergency ahead of decision – sources

July 23, 2022
Who experts split on monkeypox emergency ahead of decision - sources - photo licensed by shore news network.

By Jennifer Rigby LONDON – Members of a World Health Organization (WHO) expert group are split over whether the monkeypox outbreak represents a global health …

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Guggenheim lures oil and gas bankers from Citigroup -sources

July 22, 2022
Guggenheim lures oil and gas bankers from citigroup -sources - photo licensed by shore news network.

By David French (Reuters) – Guggenheim Securities has hired three investment bankers from Citigroup Inc’s oil and gas team, people familiar with the matter said, …

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Exclusive: Shell places U.S. Gulf of Mexico assets up for sale – sources

July 20, 2022
Exclusive: shell places u. S. Gulf of mexico assets up for sale - sources - photo licensed by shore news network.

By David French and Ron Bousso NEW YORK/LONDON – Shell is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and …

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Exclusive-EU likely to bolster Apple probe with new evidence, no new charges – sources

July 20, 2022
Exclusive-eu likely to bolster apple probe with new evidence, no new charges - sources - photo licensed by shore news network.

By Foo Yun Chee BRUSSELS – EU antitrust regulators are set to beef up an investigation into Apple, triggered by Spotify, with new evidence but …

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Qatar Airways could revive order for 25 737 MAX airplanes -sources

July 20, 2022
Qatar airways could revive order for 25 737 max airplanes -sources - photo licensed by shore news network.

By Tim Hepher and David Shepardson FARNBOROUGH, England -Qatar Airways could revive an order for 25 Boeing 737 MAX airplanes at the Farnborough Airshow, sources …

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Toshiba selects Bain, CVC, Brookfield, Japan funds for second round – sources

July 20, 2022
Toshiba selects bain, cvc, brookfield, japan funds for second round - sources - photo licensed by shore news network.

By Makiko Yamazaki and Takaya Yamaguchi TOKYO – Japan’s Toshiba Corp has selected four bidders including private equity firms Bain Capital, CVC Capital Partners and …

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Bank of America loses top Asia banker Alex To – sources

July 20, 2022
Bank of america loses top asia banker alex to - sources - photo licensed by shore news network.

HONG KONG – Alex To, one of Bank of America’s top rainmakers in Asia, has recently left the bank, three people with knowledge of the …

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Exclusive-Biden to issue climate executive orders Wednesday -sources

July 19, 2022
Exclusive-biden to issue climate executive orders wednesday -sources - photo licensed by shore news network.

WASHINGTON – U.S. President Joe Biden will issue executive orders on Wednesday aimed at addressing the climate crisis, two sources familiar with the matter told …

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KKR has no plans to lead Toshiba bid, but could join a deal – sources

July 19, 2022
Kkr has no plans to lead toshiba bid, but could join a deal - sources - photo licensed by shore news network.

By Makiko Yamazaki, Scott Murdoch and Kane Wu TOKYO/HONG KONG – KKR & Co does not plan to lead a bid for Japanese conglomerate Toshiba …

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Neuralink co-founder departs Musk-backed startup -sources

July 19, 2022
Neuralink co-founder departs musk-backed startup -sources - photo licensed by shore news network.

By Rachael Levy (Reuters) – A founding member of Elon Musk’s Neuralink left the company in recent weeks, according to two people familiar with the …

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Southeast Asian fast food operator QSR again delays up to $500 million IPO -sources

July 19, 2022
Southeast asian fast food operator qsr again delays up to $500 million ipo -sources - photo licensed by shore news network.

By Yantoultra Ngui and Anshuman Daga SINGAPORE – QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia, has again delayed …

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Japan govt to support trading firms’ stakes in Sakhalin-2- sources

July 16, 2022
Japan govt to support trading firms' stakes in sakhalin-2- sources - photo licensed by shore news network.

By Yoshifumi Takemoto, Ritsuko Shimizu and Miho Uranaka TOKYO – The Japanese government plans to support Mitsui & Co and Mitsubishi Corp in their attempts …

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Russia’s central bank resisting calls to take over running of Western banks’ local arms -sources

July 14, 2022
Russia's central bank resisting calls to take over running of western banks' local arms -sources - photo licensed by shore news network.

MILAN/MOSCOW – Russia’s central bank is resisting domestic calls to take over the running of foreign lenders’ local businesses, two sources with direct knowledge of …

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Exclusive: Barclays seeks entry into China’s $4.3 tln asset management market – sources

July 14, 2022
Exclusive: barclays seeks entry into china's $4. 3 tln asset management market - sources - photo licensed by shore news network.

By Selena Li HONG KONG – Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two …

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CICC appoints new investment banking head – sources

July 14, 2022
Cicc appoints new investment banking head - sources - photo licensed by shore news network.

HONG KONG – China International Capital Corp Ltd (CICC) has appointed veteran dealmaker Wang Shuguang to lead its investment banking business, said two people with …

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Apple hovers above competition even as smartphone market stumbles, sources say

July 13, 2022
Apple hovers above competition even as smartphone market stumbles, sources say - photo licensed by shore news network.

By Yimou Lee and Stephen Nellis (Reuters) – The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, …

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Exclusive: Alibaba’s Freshippo seeks funds at much lowered $6 billion valuation – sources

July 12, 2022
Exclusive: alibaba's freshippo seeks funds at much lowered $6 billion valuation - sources - photo licensed by shore news network.

By Kane Wu HONG KONG – Alibaba’s supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion, much lower than …

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CICC investment banking head to take helm at broker Galaxy – sources

July 12, 2022
Cicc investment banking head to take helm at broker galaxy - sources - photo licensed by shore news network.

By Selena Li and Julie Zhu HONG KONG -Wang Sheng, investment banking head of China International Capital Corp Ltd (CICC), is set to leave the …

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Exclusive-BC Partners explores $4 billion sale of IT firm Presidio -sources

July 11, 2022
Exclusive-bc partners explores $4 billion sale of it firm presidio -sources - photo licensed by shore news network.

By Krystal Hu and Chibuike Oguh (Reuters) – Private equity firm BC Partners Ltd is exploring a sale of Presidio Inc, which could value the …

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Exclusive-Peru’s Las Bambas copper mine revives after protest; but deal talks stall – data, sources

July 8, 2022
Exclusive-peru's las bambas copper mine revives after protest; but deal talks stall - data, sources - photo licensed by shore news network.

By Marco Aquino and Adam Jourdan LIMA – Copper output at Peru’s huge Las Bambas mine has returned to normal levels after a two-month shutdown …

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Airbus delivered 58 commercial jetliners in June -sources

July 5, 2022
Airbus delivered 58 commercial jetliners in june -sources - photo licensed by shore news network.

PARIS – Europe’s Airbus delivered some 58 jetliners in June, bringing first-half deliveries to around 295 – fractionally below the mid-way performance last year, industry …

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Exclusive-ECB to channel cash from north to south in bid to cap spreads – sources

June 30, 2022
Exclusive-ecb to channel cash from north to south in bid to cap spreads - sources - photo licensed by shore news network.

By Francesco Canepa and Balazs Koranyi SINTRA, Portugal – The European Central Bank will buy bonds from Italy, Spain, Portugal and Greece with some of …

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Manulife bids for full control of China fund JV, lured by $3.8 trln mkt -sources

June 29, 2022

By Selena Li and Samuel Shen HONG KONG/SHANGHAI -Canada’s Manulife Financial Corp moved closer toward taking full control of its funds joint venture in China …

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Japan’s state-backed JIC hires SMBC Nikko for potential Toshiba deal -sources

June 28, 2022
Japan's state-backed jic hires smbc nikko for potential toshiba deal -sources - photo licensed by shore news network.

By Makiko Yamazaki and Kane Wu TOKYO/HONG KONG – State-backed Japan Investment Corp (JIC) has hired SMBC Nikko Securities as its financial adviser for its …

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Telecom Italia to get state guarantee for $2.1 billion loan – sources

June 27, 2022
Telecom italia to get state guarantee for $2. 1 billion loan - sources - photo licensed by shore news network.

By Giuseppe Fonte and Valentina Za ROME – The Italian Treasury is set to guarantee a 2 billion euro ($2.1 billion) bank credit line for …

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Go-slow Turkey unlikely to reach Nordics deal at NATO meet – sources

June 27, 2022
Go-slow turkey unlikely to reach nordics deal at nato meet - sources - photo licensed by shore news network.

By Orhan Coskun and Jonathan Spicer ANKARA – A NATO summit this week is unlikely to see a breakthrough to overcome Turkey’s opposition to Sweden …

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Taiwan holders of Russian bonds say haven’t received payments -sources

June 26, 2022
Taiwan holders of russian bonds say haven't received payments -sources - photo licensed by shore news network.

By Emily Chan TAIPEI – Some Taiwanese holders of Russian Eurobonds have not received interest due on May 27 after a grace period expired on …

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Stellantis production stoppages in France linked to Continental, sources say

June 24, 2022
Stellantis production stoppages in france linked to continental, sources say - photo licensed by shore news network.

PARIS -Production stoppages at two Stellantis auto plants in France stem from shortages in components from German supplier Continental, two sources close to Stellantis said …

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