OPEC+ to stick to oil supply rise plan as Biden heads to Saudi – sources
By Ahmad Ghaddar and Alex Lawler LONDON – OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output …
Sources
Brazil’s Economy Ministry tries to limit spending on fuel-related subsidies, sources say
By Marcela Ayres and Bernardo Caram BRASILIA – Brazil’s Economy Ministry is trying to limit the cost of higher cooking gas subsidies and a new …
RedBird backing Raymond James exec for asset, wealth manager venture -sources
By David French NEW YORK – RedBird Capital Partners is partnering with an outgoing executive from Raymond James Financial Group to establish a new asset …
U.S. refiners to urge White House not to ban fuel exports -sources
By Jarrett Renshaw and Laura Sanicola (Reuters) – U.S. refiners will try to convince the Biden administration not to ban exports of U.S. fuel to …
Exclusive-India’s Tata Steel bought 75,000 tonnes of Russian coal in May – sources
By Sudarshan Varadhan and Aftab Ahmed NEW DELHI -India’s top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half …
Air India in talks with Airbus and Boeing to buy up to 300 narrowbody jets – sources
DOHA – Air India is in discussions with Airbus and Boeing for the potential purchase of up to 300 narrowbody jets, industry sources said. Airbus …
U.S. drone sale to Ukraine hits snag – sources
By Mike Stone ST LOUIS, Missouri – The Biden administration’s plan to sell four large, armable drones to Ukraine has been paused on the fear …
Brazil’s Petrobras in talks to freeze fuel prices for 45 days -sources
RIO DE JANEIRO – Petrobras’ board of directors held discussions Friday over freezing fuel prices for 45 days, according to three sources with knowledge of …
Exclusive: China firms in advanced talks with Qatar for gas field stakes, LNG offtake – sources
By Chen Aizhu SINGAPORE – China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the …
Italy sees EU nod over Monte dei Paschi nearing – sources
By Giuseppe Fonte and Valentina Za ROME – Italy expects to reach an informal agreement with European Union authorities soon over new restructuring goals for …
EU cartel raids target fashion designers proposing sales periods, discount changes – sources
By Foo Yun Chee BRUSSELS -EU antitrust regulators, which raided some fashion companies last month, are focusing on a group of designers who two years …
Tesla India policy executive quits after company puts entry plan on hold -sources
By Aditi Shah and Aditya Kalra NEW DELHI – A key executive who was leading Tesla’s lobbying effort in India has resigned, weeks after the …
Exclusive-Russia’s state-owned RNRC to reinsure Russian oil shipments, sources say
By Jonathan Saul LONDON – State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance …
Exclusive-Macellum, Ancora lose bid for board seats at SpartanNash -sources
By Svea Herbst-Bayliss (Reuters) -Hedge funds Macellum Advisors and Ancora Advisors have lost their bid for board seats at supermarket operator SpartanNash Co, according to …
Greek court overturns decision on U.S. seizure of Iranian oil cargo – sources
ATHENS – A Greek court on Wednesday overturned an earlier court ruling that allowed the confiscation by the United States of part of a cargo …
Qatar picks Exxon, Total, Shell, Conoco for mega-LNG expansion – sources
By Sabrina Valle, Marwa Rashad and Ron Bousso HOUSTON -Qatar has picked Exxon Mobil Corp, TotalEnergies SE, Shell and ConocoPhillips as partners in the expansion …
Exclusive – Musk’s Twitter deal threats put new financing on ice – sources
By Krystal Hu and Greg Roumeliotis (Reuters) – Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion …
Exclusive-German bank KfW considers buying stake in TransnetBW power grid – sources
By Christoph Steitz and Markus Wacket FRANKFURT/BERLIN – German state-owned bank KfW is considering taking a stake in TransnetBW, the high-voltage power transmission network that …
Exclusive: Russia warns U.S. media in Moscow they risk losing their accreditation – sources
By Guy Faulconbridge LONDON – Russia warned U.S. news organisations on Monday they risked being stripped of their accreditation unless the treatment of Russian journalists …
Benetton, Blackstone on track to secure Italy’s nod for Atlantia bid – sources
By Giuseppe Fonte and Francesca Landini ROME – The Benetton family and U.S. fund Blackstone are on track to secure the green light from the …
Exclusive-Rosneft appoints Mandarin speaker to lead company’s global trading – sources
(Reuters) – Rosneft appointed a Mandarin-speaker to head global trading operations, six sources told Reuters on Thursday as Russia’s top oil producer seeks to deepen …
U.S. in talks with Spain, Canada about taking more refugees -sources
By Matt Spetalnick and Ted Hesson WASHINGTON – The Biden administration is in talks with Spain and Canada about taking more Western Hemisphere refugees for …
Exclusive – U.S. plans to sell armed drones to Ukraine in coming days – sources
By Mike Stone WASHINGTON – The Biden administration plans to sell Ukraine four MQ-1C Gray Eagle drones that can be armed with Hellfire missiles for …
TIM values landline grid about 20 billion euros in single broadband deal, sources say
MILAN – Telecom Italia (TIM) has attached an enterprise value of around 20 billion euros ($21.5 billion) to its landline grid which the former phone …
EU’s phased-in oil embargo allows Russia time to adjust, say analysts, sources
(Reuters) – Europe’s phased-in rather than immediate embargo on Russian oil gives Moscow time to re-route volumes to new customers in Asia in the next …
Exclusive-Russian oil firms to reopen wells in June banking on demand rally, sources say
(Reuters) – Russian oil companies led by Rosneft plan to re-open wells in June which they had shut due to Western sanctions, four sources said, …
Insurance rates jump for Ukraine war-exposed business, sources say
LONDON – Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline …
First steps in reforming global health emergency rules agreed at WHO meeting – sources
By Emma Farge GENEVA – Countries have agreed to an initial U.S.-led push to reform of the rules around disease outbreaks, known as the International …
Turkey’s talks with Sweden, Finland made little progress on NATO concerns: sources
By Orhan Coskun and Jonathan Spicer ANKARA – Talks between Turkish officials and delegations from Sweden and Finland this week in Turkey made little headway …
Saudi Aramco shows interest in buying Valvoline’s commercial unit – sources
(Reuters) -Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar …
EU court to rule July 13 on Illumina challenge of EU review of Grail -sources
By Foo Yun Chee BRUSSELS – A European court will decide on July 13 whether U.S. life sciences company Illumina’s $8 billion cash-and-stock takeover of …
Most Caribbean nations planning to attend Americas Summit: sources
By Brian Ellsworth MIAMI – Most Caribbean Community member nations plan to attend the Summit of the Americas, according to two sources familiar with the …
Exclusive-India considering spending additional $26 billion to fight inflation -sources
By Aftab Ahmed NEW DELHI – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to …
Italy’s TIM, CDP eye preliminary deal on single network, sources say
MILAN – Telecom Italia (TIM) is eyeing a preliminary agreement with state lender CDP over a long-held plan to merge TIM’s network assets with those …
Buffalo Shooter’s Personal Diary Is Pretty Clear About His Sources Of Inspiration
Buffalo Shooter’s Personal Diary Is Pretty Clear About His Sources Of Inspiration Laurel Duggan on May 19, 2022 Buffalo shooter Payton Gendron said his beliefs …
Pentagon spokesperson Kirby to take up senior White House comms role- sources
(Reuters) – Pentagon spokesperson John Kirby will move to the White House to take up a senior communications role, two sources familiar with the matter …
Russia to revive Moskvich brand using Chinese platform – sources
(Reuters) – Production of Russia’s Soviet-era car brand the Moskvich could resume using a Chinese platform in partnership with truckmaker Kamaz, two sources told Reuters …
Brazil’s govt will maintain GDP outlook for 2022 and 2023 -sources
By Marcela Ayres BRASILIA – Brazil’s Economy Ministry will hold its economic growth outlook at 1.5% in 2022 and 2.5% in 2023, two officials told …
China Resources in talks to take Sihuan Pharma private at $3 billion valuation -sources
HONG KONG -State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal …
China scrutiny stymies JD.Com fintech unit’s $2 billion Hong Kong IPO – sources
By Julie Zhu and Scott Murdoch HONG KONG – JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an …
Exclusive-South Korea’s CJ CheilJedang puts Brazil soy crusher CJ Selecta up for sale, sources say
By Ana Mano SAO PAULO – The South Korean owner of Brazilian soy processor CJ Selecta has put the company up for sale, drawing interest …
Exclusive-U.S. asked Brazil’s Petrobras if it could raise oil output; it said no -sources
By Gabriel Stargardter, Gram Slattery and Rodrigo Viga Gaier RIO DE JANEIRO – U.S. government officials in March asked Brazil’s state-run oil company Petrobras whether …
Aptiv Shanghai plant suspends some shipments after COVID cases – sources
SHANGHAI -Aptiv stopped shipping over the weekend some parts from a Shanghai plant that supplies Tesla Inc and General Motors Co after COVID-19 infections were …
Shanghai tightens lockdown to hit zero-COVID goal by late May – sources
SHANGHAI – Shanghai is tightening its already strict COVID-19 lockdown in a fresh push to eliminate infections outside quarantined areas of China’s biggest city by …
Benettons, Blackstone set to launch bid for Atlantia late summer – sources
MILAN – The Benetton family and U.S. fund Blackstone are expected to launch their 58 billion euro ($61 billion) bid for Italy’s Atlantia at the …
Italy sets aside more money to boost capital at Monte dei Paschi – sources
By Giuseppe Fonte ROME – Italy is beefing up a 1.5-billion-euro ($1.6 billion) money pot destined for state-owned bank Monte dei Paschi di Siena (MPS), …
Exclusive-U.S. “open banking” rule bogged down by privacy concerns – sources
By Katanga Johnson and Hannah Lang (Reuters) – A long-awaited U.S. “open banking” rule that could dramatically boost consumer finance competition and increase Americans’ access …
Total’s German Leuna refinery to continue Russian crude imports in May – sources
(Reuters) – TotalEnergies’ 240,000 barrels per day Leuna refinery in Germany is set to continue to import Russian crude oil via the Druzhba pipeline at …
Exclusive-Citi behind trade that caused brief crash in European markets -sources
NEW YORK – The brief crash in Nordic markets on Monday was due to a single sell order placed by Citigroup, according to two sources …
Several European traders have started to pay for Russian gas in roubles – sources
(Reuters) – Some European traders have started to pay Russia for gas sales in roubles, while large clients have yet to do so, two sources …