Nancy Pelosi Regrets Ochestrating Coup That Led to Kamala Harris and Ouster of Democrats, Sources Claim
WASHINGTON — Former Speaker Nancy Pelosi is reportedly expressing regret over her role in the political maneuvering that led to President Joe Biden stepping aside as the Democratic nominee for the 2024…
Exclusive-Biden to issue climate executive orders Wednesday -sources
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 Reuters on Tuesday. “Don’t be disappointed if…
KKR has no plans to lead Toshiba bid, but could join a deal – sources
By Makiko Yamazaki, Scott Murdoch and Kane Wu TOKYO/HONG KONG – KKR & Co does not plan to lead a bid for Japanese conglomerate Toshiba Corp at this point, three people with…
Neuralink co-founder departs Musk-backed startup -sources
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 matter, the latest in a string of…
Southeast Asian fast food operator QSR again delays up to $500 million IPO -sources
By Yantoultra Ngui and Anshuman Daga SINGAPORE – QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia, has again delayed its domestic IPO of up to $500…
Japan govt to support trading firms’ stakes in Sakhalin-2- sources
By Yoshifumi Takemoto, Ritsuko Shimizu and Miho Uranaka TOKYO – The Japanese government plans to support Mitsui & Co and Mitsubishi Corp in their attempts to stay in the Sakhalin-2 oil and…
Russia’s central bank resisting calls to take over running of Western banks’ local arms -sources
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 the matter told Reuters, concerned in part…
Exclusive: Barclays seeks entry into China’s $4.3 tln asset management market – sources
By Selena Li HONG KONG – Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said,…
CICC appoints new investment banking head – sources
HONG KONG – China International Capital Corp Ltd (CICC) has appointed veteran dealmaker Wang Shuguang to lead its investment banking business, said two people with knowledge of the matter. The appointment, effective…
Apple hovers above competition even as smartphone market stumbles, sources say
By Yimou Lee and Stephen Nellis (Reuters) – The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc is expecting its upcoming…
Exclusive: Alibaba’s Freshippo seeks funds at much lowered $6 billion valuation – sources
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 a hoped-for valuation of up to $10…
CICC investment banking head to take helm at broker Galaxy – sources
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 bank to take over as chief executive…
Exclusive-BC Partners explores $4 billion sale of IT firm Presidio -sources
By Krystal Hu and Chibuike Oguh (Reuters) – Private equity firm BC Partners Ltd is exploring a sale of Presidio Inc, which could value the U.S. information technology provider at more than…
Exclusive-Peru’s Las Bambas copper mine revives after protest; but deal talks stall – data, sources
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 due to protests was ended last month,…
Airbus delivered 58 commercial jetliners in June -sources
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 sources said. Airbus declined to comment on…
Exclusive-ECB to channel cash from north to south in bid to cap spreads – sources
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal – The European Central Bank will buy bonds from Italy, Spain, Portugal and Greece with some of the proceeds it receives from maturing German,…
Manulife bids for full control of China fund JV, lured by $3.8 trln mkt -sources
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 after regulators there accepted an application for…
Japan’s state-backed JIC hires SMBC Nikko for potential Toshiba deal -sources
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 pursuit of a potential equity investment in…
Telecom Italia to get state guarantee for $2.1 billion loan – sources
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 Telecom Italia (TIM), three sources close to…
Go-slow Turkey unlikely to reach Nordics deal at NATO meet – sources
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 and Finland’s membership bids as Ankara takes…
Taiwan holders of Russian bonds say haven’t received payments -sources
By Emily Chan TAIPEI – Some Taiwanese holders of Russian Eurobonds have not received interest due on May 27 after a grace period expired on Sunday evening, two sources said, potentially setting…
Stellantis production stoppages in France linked to Continental, sources say
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 on Friday. Continental was unable to deliver…
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 increases in August, sources said, hoping to…
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 cash transfer program for truck drivers, which…
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 and wealth management platform, sources familiar with…
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 combat record gas prices during a meeting…
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