China’s Full Truck Alliance pauses $1 billion Hong Kong listing – sources
By Julie Zhu and Scott Murdoch HONG KONG – Plans by Full Truck Alliance Co Ltd, China’s ‘Uber for trucks’, to raise $1 billion in …
Sources
Alibaba looks to expand Southeast Asian arm Lazada to Europe – sources
By Fanny Potkin and Brenda Goh SINGAPORE/SHANGHAI – Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the …
Exclusive-Food distributor SpartanNash attracts acquisition interest -sources
By Svea Herbst-Bayliss BOSTON – United Natural Foods Inc and Oak Street Real Estate Capital are separately working on bids for U.S. food distributor SpartanNash …
Some Chinese state banks will cut deposit rates on Monday – sources
SHANGHAI – Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, …
Lagarde tells ECB policymakers to hold back criticism, leaks – sources
By Balazs Koranyi and Francesco Canepa WASHINGTON – European Central Bank President Christine Lagarde told policymakers to hold back on dissenting views on decisions for …
ITA Airways to open data room for privatisation next week – sources
MILAN – State-owned ITA Airways will make its financial data available for suitors from next week, two sources familiar with the matter said on Thursday, …
Exclusive-Boeing tells airlines 787 deliveries to restart second-half 2022 -sources
By Eric M. Johnson and Tim Hepher SEATTLE/PARIS – Boeing Co has advised key airlines and parts suppliers that 787 Dreamliner deliveries would resume in …
World Bank to push ahead with some Afghan projects, maintain pause on education support -sources
By Andrea Shalal and Jonathan Landay WASHINGTON – The World Bank has resumed work on three projects in Afghanistan focused on health, agriculture and livelihoods, …
IDB board votes to probe allegations against chief Claver-Carone – sources
By Andrea Shalal and Cassandra Garrison WASHINGTON -The board of governors of the Inter-American Development Bank has approved a resolution to hire an outside firm …
Tesla looks to resume production at Shanghai plant on April 18 -sources
SHANGHAI – Tesla is preparing to resume production at its Shanghai plant on Monday following a three-week stoppage, having received the go-ahead from local authorities, …
Exclusive-Warshaw-led consortium in $1.2 billion bid for Cumulus Media -sources
By Greg Roumeliotis and Dawn Chmielewski (Reuters) -A consortium led by U.S. radio station industry veteran Jeff Warshaw has offered to acquire Cumulus Media Inc …
France’s Iliad eyes Telecom Italia’s consumer services unit – sources
By Elvira Pollina and Mathieu Rosemain MILAN -Iliad is considering buying into Telecom Italia’s (TIM) domestic consumer services operations as part of the French phone …
Brooklyn subway shooting suspect in custody in Manhattan, WNBC reports citing sources
(Reuters) – A suspect wanted in the Brooklyn subway shooting was taken into custody in Manhattan on Wednesday, WNBC in New York reported citing sources. …
Exclusive: BlackRock plans first China ETF product this year -sources
By Selena Li HONG KONG – BlackRock Inc plans to launch its first product in China’s $220 billion onshore exchange-traded fund (ETF) market later this …
U.S. Special Envoy for Horn of Africa to step down soon – sources
By Humeyra Pamuk and Daphne Psaledakis WASHINGTON – U.S. Special Envoy for the Horn of Africa David Satterfield will step down from his role before …
Benetton team working on premium of around 30% to buy out Atlantia – sources
By Francesca Landini and Stephen Jewkes MILAN – The Benetton family and U.S. investment fund Blackstone are working on a premium of around 30% over …
Italy to set up unit to scrutinise takeovers of strategic firms -sources
By Giuseppe Fonte ROME – Italy plans to beef up its scrutiny of corporate takeovers with a new dedicated division at the cabinet office to …
Hungary, Austria questioned EU blacklisting of Russia oligarchs – sources
By Francesco Guarascio BRUSSELS – Hungary and Austria questioned an EU decision to blacklist two Russian oligarchs but eventually accepted the move after pressure from …
Exclusive-Buyout firms GTCR, CD&R circle Merit Medical -sources
By Chibuike Oguh (Reuters) – GTCR LLC and Clayton, Dubilier & Rice (CD&R) are among private equity firms that have expressed interest in acquiring U.S. …
Exclusive-AIG looks at cutting insurance for Russia, Ukraine -sources
By Noor Zainab Hussain and Carolyn Cohn LONDON – AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, …
Exclusive – Trafigura set to take zinc out of LME system, fuelling concern – sources
By Eric Onstad and Pratima Desai LONDON – Commodity trader Trafigura and other firms are moving to take large amounts of zinc out of London …
Japan buyers agree to Q2 aluminium premium of $172/T, sources say
By Yuka Obayashi TOKYO – The premium for aluminium shipments to Japanese buyers for April to June was set at $172 a tonne, down 2.8% …
U.S. EPA soon to announce decision on small refinery biofuel waivers – sources
By Stephanie Kelly NEW YORK – The U.S. Environmental Protection Agency will announce a decision as early as Thursday on numerous pending applications from small …
JPMorgan allows clients to cancel depositary receipts in Russian companies- sources
By Sinead Cruise and Carolina Mandl NEW YORK – JPMorgan & Chase on Tuesday started to allow holders of depositary receipts in Russian companies to …
Airbus cancels third A350 as Qatar dispute tops $1 billion – sources
PARIS -Airbus has revoked the contract for a third A350 ordered by Qatar Airways after the Gulf carrier rejected delivery in an ongoing dispute over …
Conscripts sent to fight by pro-Russia Donbas get little training, old rifles, poor supplies – sources
LONDON – Military conscripts in the Russian-backed Donbas region have been sent into front-line combat against Ukrainian troops with no training, little food and water, …
Bolsonaro holds off on fresh industrial tax cut pending court review -sources
BRASILIA – Brazilian President Jair Bolsonaro has decided against an additional cut in the IPI industrial tax because of questions about the legality of the …
Exclusive-Ship fuel suppliers stop serving Russian vessels in the Med – sources
By Jonathan Saul (Reuters) – Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in …
Zellmer to become new head of VW’s Skoda – sources
FRANKFURT – Skoda, part of Germany’s Volkswagen, appoint Klaus Zellmer as its new boss, two sources with knowledge of the matter told Reuters on Friday. …
KKR, EQT among investors eyeing stake in Germany’s Stratec -sources
By Emma-Victoria Farr LONDON – Financial investors including KKR and EQT are considering offers for a stake in listed German laboratory supplier Stratec, sources familiar …
Exclusive-Banks tell Britain that curb on all Russian savers won’t work -sources
By Andrew MacAskill and Sinead Cruise LONDON – Banks in Britain have warned the government that a plan to ban all Russians from holding more …
Petrobras, PetroRio advance in Albacora Leste talks; twin field trickier, sources say
By Gram Slattery RIO DE JANEIRO – Brazilian oil company PetroRio SA is close to agreeing on terms to purchase the Albacora Leste field from …
Biden admin weighs 180 million bbl draw of oil from emergency reserves over months -sources
WASHINGTON – The Biden administration is weighing a draw of oil from emergency reserves of up to 180 million barrels over several months, two U.S. …
Italy wants privatisation deal for ITA Airways by mid-June, sources say
By Giuseppe Fonte and Francesca Landini ROME – The Italian government wants to clinch a deal on the sale of state-owned carrier ITA Airways by …
Exclusive-Tesla supplier Aptiv stops some production in Shanghai over COVID issues – sources
SHANGHAI – Auto parts maker Aptiv on Tuesday sent home workers at a Shanghai production facility that supplies Tesla and a General Motors (GM) joint …
Exclusive-Italy to stick to 5.6% deficit target despite slashing growth outlook – sources
By Giuseppe Fonte and Gavin Jones ROME – Italy plans to confirm its 2022 budget deficit target at 5.6% of national output, two sources close …
Afghanistan’s Taliban ban women from flying without male chaperone – sources
KABUL – The Taliban have told airlines in Afghanistan that women cannot board domestic or international flights without a male chaperone, two sources told Reuters …
Exclusive-Sierra Space taps Boeing veteran as CFO after hefty capital raise -sources
By Eric M. Johnson SEATTLE – Months after receiving a major infusion of capital, Sierra Nevada Corp’s space unit, Sierra Space, has tapped a veteran …
Exclusive-IMF board approves $45 billion Argentina program -sources
By Jorgelina do Rosario NEW YORK/LONDON – The International Monetary Fund’s executive board on Friday approved a $45 billion program for Argentina after more than …
CVC, other funds circle Telecom Italia’s service arm – sources
By Elvira Pollina and Giuseppe Fonte MILAN – CVC Capital Partners and rival private equity investors are looking at a potential investment into the services …
EU’s biggest economy Germany blocked Russian coal ban, sources say
By Francesco Guarascio BRUSSELS – In the early stages of sanctions drafting against Moscow, one idea gained traction in Brussels – a ban on the …
Goldman Sachs poised to lead U.S. IPO of SoftBank’s Arm – sources
By Anirban Sen, Krystal Hu and Sam Nussey – SoftBank Group Corp is planning to pick Goldman Sachs Group Inc as the lead underwriter on …
ConocoPhillips plans sale of Texas, Oklahoma gas assets – sources
By Shariq Khan – U.S. shale oil producer ConocoPhillips is working with an adviser to sell its gas-producing assets in the Anadarko Basin of North …
UBS, China Life asset management venture plan in limbo as talks stall – sources
By Samuel Shen and Selena Li SHANGHAI/HONG KONG – A plan by UBS and China Life Insurance Group to set up an asset management joint …
Sri Lanka to seek World Bank support alongside IMF loan programme – sources
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO/NEW DELHI – Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition …
Exclusive-Cannabis producer Cresco nears $2 billion purchase of Columbia Care – sources
By Shariq Khan – U.S. cannabis producer Cresco Labs Inc is in advanced talks to buy rival Columbia Care Inc for around $2 billion, three …
WTO trade talks in disarray amid Ukraine tensions – sources
By Emma Farge GENEVA – Western countries are refusing to engage with Russia at the World Trade Organization (WTO) in Geneva in a coordinated move …
State Street’s SSGA set to lose $14 billion Hong Kong ETF mandate -sources
By Selena Li HONG KONG – Hong Kong Monetary Authority (HKMA) has decided to replace State Street Corp unit State Street Global Advisors (SSGA) as …
Australia bans alumina exports to Russia, sources coal for Ukraine
– Australia has imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia, the government said on Sunday as part …
Wary of Western sanctions, Turkey’s banks resist Russian customers -sources
By Ebru Tuncay and Orhan Coskun ISTANBUL -Russians newly arrived in Turkey are struggling to make deposits and transfers at banks that are taking a …