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…
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 with the matter told Reuters on Friday.…
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 than 50,000 pounds ($65,430) in their accounts…
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 state-run oil company Petrobras, two sources with…
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. sources said on Wednesday. The move is…
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 mid-June, two sources close to the matter…
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 venture, citing COVID issues, sources familiar with…
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 to the matter told Reuters, despite coalition…
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 on Sunday. The move comes after the…
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 Boeing Co executive to helm its finances…
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 a year of negotiations, two sources with…
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 arm of Telecom Italia (TIM) under a…
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 import of Russian coal – until 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 the initial public offering of Arm Ltd…
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 Texas and Western Oklahoma, according to two…
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 venture in China faces uncertainty as talks…
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 to an International Monetary Fund (IMF) rescue…
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 people familiar with the matter said on…
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 that has already led to negotiations seizing…
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 manager of the HK$111 billion ($14.2 billion)…
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 of its ongoing sanctions against Moscow for…
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 careful and sceptical approach for fear of…
Tesla restarts production at Shanghai plant after two-day stoppage – sources
SHANGHAI – Tesla resumed production at its Shanghai factory on Friday after a two day suspension, people familiar with the matter said, as movement controls imposed on its workers as part of…
Exclusive-US Foods, pressured by hedge fund, eyes board shakeup -sources
By Svea Herbst-Bayliss – US Foods Holding Corp is interviewing potential candidates for its board as the food distributor tries to fend off a challenge from activist investor Sachem Head Capital Management,…
Brazil government readies $32 billion of economic stimulus -sources
By Lisandra Paraguassu and Bernardo Caram BRASILIA – Brazil’s federal government plans to announce on Thursday a program providing some 165 billion reais ($32 billion) of economic stimulus during the current election…
Exclusive-Petrobras and EIG near deal for Bolivia-Brazil gas pipeline -sources
By Tatiana Bautzer and Gram Slattery SAO PAULO/RIO DE JANEIRO – State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners…
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