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Sources

ECB reviews interest on government deposits to curb losses -sources

November 1, 2023November 1, 2023
Ecb reviews interest on government deposits to curb losses -sources - photo licensed by shore news network.

By Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers are reviewing the interest the bank pays on government cash deposits, including a potential cut, …

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India authorises Apple, Dell, Lenovo and others to import laptops, tablets -sources

November 1, 2023
India authorises apple, dell, lenovo and others to import laptops, tablets -sources - photo licensed by shore news network.

By Shivangi Acharya NEW DELHI (Reuters) – Apple, Dell, HP, Samsung and Lenovo are among 110 firms authorised by India to import laptops, tablets and …

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Exclusive: Evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources

November 1, 2023November 1, 2023
Exclusive: evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources - photo licensed by shore news network.

By Xie Yu and Julie Zhu HONG KONG (Reuters) – China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap …

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Exclusive-BP explores forming joint ventures to boost US shale -sources

October 30, 2023October 30, 2023
Exclusive-bp explores forming joint ventures to boost us shale -sources - photo licensed by shore news network.

By Ron Bousso and David French LONDON/NEW YORK (Reuters) – BP is seeking to form joint ventures around its U.S. onshore natural gas fields to …

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Exclusive-Britain’s Virgin Media O2 nears stake sale in towers business to GLIL – sources

October 28, 2023
Exclusive-britain's virgin media o2 nears stake sale in towers business to glil – sources - photo licensed by shore news network.

By Amy-Jo Crowley, Andres Gonzalez and Paul Sandle LONDON (Reuters) – Virgin Media O2 is in exclusive talks to sell a slice of its shareholding …

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Exclusive-TikTok, YouTube, Meta eye Indonesia e-commerce licenses- sources

October 26, 2023
Exclusive-tiktok, youtube, meta eye indonesia e-commerce licenses- sources - photo licensed by shore news network.

By Stanley Widianto and Fanny Potkin JAKARTA – TikTok and YouTube are considering joining Meta in applying for e-commerce licenses in Indonesia after Southeast Asia’s …

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G7 announcement on Russian diamond ban expected by end Oct.- sources

October 25, 2023October 25, 2023
G7 announcement on russian diamond ban expected by end oct. - sources - photo licensed by shore news network.

By Julia Payne BRUSSELS (Reuters) – A G7 statement announcing a ban on imports of Russian diamonds is expected by the end of this month, …

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Top Citigroup industrials banker to join Jefferies -sources

October 24, 2023October 24, 2023
Top citigroup industrials banker to join jefferies -sources - photo licensed by shore news network.

By David Carnevali and Svea Herbst-Bayliss NEW YORK (Reuters) – Investment bank and capital markets firm Jefferies has hired industrial banker Francis Tucci from Citigroup …

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Argentina central bank to keep powder dry for now after election surprise -sources

October 23, 2023October 23, 2023
Argentina central bank to keep powder dry for now after election surprise -sources - photo licensed by shore news network.

By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is planning to hold fire for now on any major policy adjustments after a shock …

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EU lawmakers face struggle to reach agreement on AI rules -sources

October 23, 2023
Eu lawmakers face struggle to reach agreement on ai rules -sources - photo licensed by shore news network.

By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS (Reuters) – European lawmakers are yet to agree on several issues related to new artificial intelligence rules …

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Exclusive-Country Garden offshore bondholders retained PJT Partners – sources

October 19, 2023
Exclusive-country garden offshore bondholders retained pjt partners - sources - photo licensed by shore news network.

By Scott Murdoch and Anousha Sakoui SYDNEY/LONDON (Reuters) – A major group of Country Garden offshore bondholders has appointed PJT Partners as financial advisors to …

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Deutsche Bahn to announce deal to sell Arriva to I Squared on Thursday -sources

October 18, 2023
Deutsche bahn to announce deal to sell arriva to i squared on thursday -sources - photo licensed by shore news network.

FRANKFURT (Reuters) – Deutsche Bahn plans to announce on Thursday the sale of its international transport business Arriva to Miami-based infrastructure investor I Squared Capital, …

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Volkswagen brand cost-cutting plan running behind schedule – sources

October 16, 2023October 16, 2023
Volkswagen brand cost-cutting plan running behind schedule - sources - photo licensed by shore news network.

By Victoria Waldersee BERLIN (Reuters) – Volkswagen is running behind schedule in defining key measures of a planned 10 billion euro ($10.5 billion) cost-cutting drive …

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ECB policymakers eye springtime push to cut payments on banks’ deposits – sources

October 13, 2023October 13, 2023
Ecb policymakers eye springtime push to cut payments on banks' deposits - sources - photo licensed by shore news network.

By Balazs Koranyi MARRAKECH (Reuters) – European Central Bank policymakers are planning a springtime push to cut interest payments made to commercial banks, in part …

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Deutsche Bahn close to signing $1.68 bn deal to sell Arriva to I Squared -sources

October 13, 2023
Deutsche bahn close to signing $1. 68 bn deal to sell arriva to i squared -sources - photo licensed by shore news network.

By Emma-Victoria Farr, Andres Gonzalez and Markus Wacket FRANKFURT/LONDON (Reuters) – Miami-based infrastructure investor I Squared Capital aims to sign a deal to acquire Deutsche …

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Exclusive-Star Chinese fund manager Wang detained and under investigation -sources

October 13, 2023

(Reuters) -Wang Yawei, a star fund manager in China, has been detained by authorities since August and is under investigation, according to three sources with …

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Brooks Macdonald lines up defence adviser amid takeover interest –sources

October 13, 2023October 13, 2023

By Pablo Mayo Cerqueiro, Emma-Victoria Farr and Amy-Jo Crowley LONDON/FRANKFURT (Reuters) -Brooks Macdonald is working with a defence adviser on its strategy amid takeover interest, …

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Sri Lanka bondholders sent $12 billion debt rework proposal to government -sources

October 12, 2023October 12, 2023
Sri lanka bondholders sent $12 billion debt rework proposal to government -sources - photo licensed by shore news network.

By Jorgelina do Rosario LONDON (Reuters) – Sri Lanka’s private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including …

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Biden administration to announce $7 billion in hydrogen hub grants Friday –sources

October 10, 2023

By Jarrett Renshaw and Valerie Volcovici WASHINGTON (Reuters) -The Biden administration is expected to announce on Friday the winners of $7 billion in federal grants …

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Venezuela readying return to Mexico-based talks with opposition -sources

October 9, 2023
Venezuela readying return to mexico-based talks with opposition -sources - photo licensed by shore news network.

By Marianna Parraga, Diego Oré and Mayela Armas HOUSTON/MEXICO CITY/CARACAS (Reuters) – Venezuela’s government is set to approve a return to Mexico-based negotiations with the …

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Exclusive-ECB sees Italy’s spread jump as justified but may cool PEPP talk: sources

October 9, 2023October 9, 2023
Exclusive-ecb sees italy's spread jump as justified but may cool pepp talk: sources - photo licensed by shore news network.

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers consider a spike in Italy’s bond yields to be justified by the …

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Egypt pushing Israel and Hamas to prevent escalation -Egyptian sources

October 9, 2023October 9, 2023
Egypt pushing israel and hamas to prevent escalation -egyptian sources - photo licensed by shore news network.

CAIRO (Reuters) – Egypt has been in close contact with Israel and Hamas to try to prevent further escalation in fighting between them and ensure …

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Hard kombucha brewer JuneShine explores sale -sources

October 6, 2023
Hard kombucha brewer juneshine explores sale -sources - photo licensed by shore news network.

By Abigail Summerville NEW YORK (Reuters) – Kombucha beverage brewer JuneShine, which counts celebrities like comedian Whitney Cummings and YouTube star Cody Ko among its …

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Flexport plans to cut up to 30% of workforce by end of Oct -sources

October 5, 2023

By Krystal Hu and Devika Madhusudhanan Nair (Reuters) -U.S. logistics startup Flexport plans to lay off up to 30% of its workforce by the end …

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US private equity firms challenge Amentum in race for Jacobs unit -sources

October 4, 2023

By David Carnevali NEW YORK (Reuters) – U.S. buyout firms Veritas Capital and Platinum Equity are vying to acquire Jacobs Solutions Inc’s government consulting business, …

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Italy risks raising next to nothing from bank tax, sources say

October 4, 2023October 4, 2023
Italy risks raising next to nothing from bank tax, sources say - photo licensed by shore news network.

By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy risks collecting minimal proceeds from a windfall tax on banks after it gave lenders the …

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Exclusive-Asia PE firm Affinity halts continuation fund plan -sources

October 4, 2023
Exclusive-asia pe firm affinity halts continuation fund plan -sources - photo licensed by shore news network.

By Kane Wu, Yantoultra Ngui and Scott Murdoch HONG KONG/SINGAPORE (Reuters) – Hong Kong-based Affinity Equity Partners has paused plans to launch a so-called continuation …

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BP explores $1 billion US pipelines stake sale -sources

October 3, 2023
Bp explores $1 billion us pipelines stake sale -sources - photo licensed by shore news network.

By Shariq Khan, David French and Ron Bousso (Reuters) – BP Plc is exploring the sale of a 49% stake in its U.S. oil and …

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Golden Goose takes step towards listing in Milan next year – sources

October 3, 2023
Golden goose takes step towards listing in milan next year - sources - photo licensed by shore news network.

MILAN (Reuters) – Italian luxury sneaker brand Golden Goose has picked Lazard as financial adviser to explore a potential stock market listing in Milan, two …

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Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets

September 29, 2023
Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets - photo licensed by shore news network.

By Scott Murdoch SYDNEY (Reuters) – China Evergrande Group sold its luxury superyacht for about $32 million earlier this year, said two sources, further shrinking …

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Toyota plans third India plant, new SUV as domestic sales surge – sources

September 27, 2023September 27, 2023
Toyota plans third india plant, new suv as domestic sales surge - sources - photo licensed by shore news network.

By Aditi Shah NEW DELHI (Reuters) -Toyota Motor plans to build a third car plant in India, expanding production capacity in the country for the …

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Gehl Foods’ owner explores sale of dairy-based products maker -sources

September 27, 2023September 27, 2023

By Abigail Summerville (Reuters) – Private equity firm Wind Point Partners is exploring a sale of Gehl Foods LLC that could value the U.S. manufacturer …

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Exclusive-Singapore’s GIC among bidders vying for stake in Vietnam’s third largest grocery chain – sources

September 27, 2023
Exclusive-singapore's gic among bidders vying for stake in vietnam's third largest grocery chain - sources - photo licensed by shore news network.

By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) – Singapore’s sovereign wealth fund GIC is among investors vying to buy up to 20% stake in …

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Some Sri Lanka creditors seeking debt restructuring deal without China – Bloomberg News citing sources

September 27, 2023

(Reuters) – Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the …

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Exclusive-China’s Trina Solar plans $400 million Vietnam plant after US sanctions – sources

September 27, 2023
Exclusive-china's trina solar plans $400 million vietnam plant after us sanctions - sources - photo licensed by shore news network.

By Francesco Guarascio HANOI (Reuters) – Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, three people familiar with …

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Exclusive-German economic institutes forecast 0.6% GDP contraction this year – sources

September 26, 2023
Exclusive-german economic institutes forecast 0. 6% gdp contraction this year - sources - photo licensed by shore news network.

By Christian Kraemer and Rene Wagner BERLIN (Reuters) – Five economic institutes are predicting gross domestic product in Germany to contract by 0.6% in 2023, …

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China bans Nomura senior investment banker from leaving mainland -sources

September 25, 2023September 25, 2023
China bans nomura senior investment banker from leaving mainland -sources - photo licensed by shore news network.

HONG KONG (Reuters) – Authorities in China have ordered a senior Nomura Holdings banker overseeing the firm’s investment banking operations there not to leave the …

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India to delay import licensing of laptops after US, industry push back, sources say

September 23, 2023
India to delay import licensing of laptops after us, industry push back, sources say - photo licensed by shore news network.

By Munsif Vengattil and Shivangi Acharya NEW DELHI (Reuters) – India will defer an import licence requirement for laptops and tablets, two government officials said, …

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Deutsche Bank hires internet banker Withey from Barclays – sources

September 22, 2023
Deutsche bank hires internet banker withey from barclays - sources - photo licensed by shore news network.

By Milana Vinn (Reuters) – Deutsche Bank AG has hired Ainslee Withey, a Barclays technology banker, as a managing director in its technology investment banking …

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Italy sees 2023 budget deficit overshoot at around 5.5% of GDP, sources say

September 22, 2023
Italy sees 2023 budget deficit overshoot at around 5. 5% of gdp, sources say - photo licensed by shore news network.

By Giuseppe Fonte ROME (Reuters) – Italy sees its 2023 budget deficit overshooting at around 5.5% of gross domestic product (GDP) from the current 4.5% …

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Exclusive-At least 40% of Colombia’s ELN rebels seen rejecting peace deal-security sources

September 22, 2023September 22, 2023
Exclusive-at least 40% of colombia's eln rebels seen rejecting peace deal-security sources - photo licensed by shore news network.

By Luis Jaime Acosta BOGOTA (Reuters) – At least 40% of fighters from Colombia’s National Liberation Army (ELN) rebels could reject a potential peace deal …

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Exclusive-JSW in talks with LG Energy Solution to make EV batteries in India -sources

September 21, 2023September 21, 2023
Exclusive-jsw in talks with lg energy solution to make ev batteries in india -sources - photo licensed by shore news network.

By Aditi Shah and Neha Arora NEW DELHI (Reuters) – Indian steel-to-energy group JSW is in early stage talks with Korea’s LG Energy Solution (LGES) …

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National World sounds out investors for Telegraph bidding group -sources

September 21, 2023
National world sounds out investors for telegraph bidding group -sources - photo licensed by shore news network.

By Amy-Jo Crowley LONDON (Reuters) – British publisher National World is sounding out potential investors to help finance a bid for the Telegraph newspaper group, …

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Russia mulls extra tax for some commodities exports, including metals – sources

September 20, 2023September 20, 2023
Russia mulls extra tax for some commodities exports, including metals - sources - photo licensed by shore news network.

MOSCOW (Reuters) – Russia is considering imposing an additional tax tied to the rouble-dollar rate on exports of metals, fertilisers and some other commodities, sources …

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Thailand plans higher borrowing in 2024 to boost economy – sources

September 20, 2023

BANGKOK (Reuters) -Thailand’s new government plans to borrow about 2.4 trillion baht ($66.4 billion) for the fiscal year 2024 starting on Oct. 1, up 9% …

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Rio Tinto shoulders Simandou iron ore bill as Chinese funds delayed – sources

September 18, 2023September 18, 2023
Rio tinto shoulders simandou iron ore bill as chinese funds delayed - sources - photo licensed by shore news network.

By Clara Denina LONDON (Reuters) – Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the world’s …

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All3Media owners kick off sale process -sources

September 15, 2023
All3media owners kick off sale process -sources - photo licensed by shore news network.

By Amy-Jo Crowley LONDON (Reuters) – The owners of All3Media have formally kicked off a sale process for the British television production company, five people …

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Exclusive-Airbus nears decision on new planemaking leadership – sources

September 15, 2023September 15, 2023
Exclusive-airbus nears decision on new planemaking leadership - sources - photo licensed by shore news network.

By Tim Hepher PARIS (Reuters) – Airbus is pushing ahead with plans to name a new internal head of its commercial aircraft business, effectively recreating …

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Former Elliott investor Markel to launch fund -sources

September 14, 2023

By Nell Mackenzie LONDON (Reuters) – Former Elliott Investment Management investor Leo Markel will launch a London-based fund called Finch Bay Capital in the first …

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National Carwash Solutions explores $3 billion sale -sources

September 14, 2023

By Abigail Summerville NEW YORK (Reuters) – National Carwash Solutions’ private equity owner is exploring a sale of the U.S. carwash equipment provider that could …

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