By Elvira Pollina MILAN (Reuters) – KKR is working to present a new offer for Telecom Italia’s submarine cable unit Sparkle as the U.S fund presses ahead with due diligence …
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By Foo Yun Chee BRUSSELS (Reuters) – European Commission lawyers initially opposed sending a warning to Amazon over its $1.4 billion acquisition of robot vacuum maker iRobot, three people with …
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MADRID/BRASILIA (Reuters) – Spanish Prime Minister Pedro Sanchez and Brazilian President Luiz Inacio Lula da Silva will meet at the COP28 climate conference in Dubai to discuss the conclusion of …
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By Pablo Mayo Cerqueiro LONDON (Reuters) – Swiss insurer Baloise is in talks to sell around 1 billion euros ($1.1 billion) of life insurance policies in Belgium, two people familiar …
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By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – The owners of fund administrator Alter Domus are pursuing the sale of a stake in the Luxembourg-based group that could …
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LONDON/MILAN/FRANKFURT (Reuters) – Eni has won a $600-million award after an arbitration court decided in the Italian firm’s favour and against Germany’s Uniper in a row over a liquefied natural …
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By Francesco Guarascio HANOI (Reuters) – Vietnam is finalising reform commitments with G7 governments and multilateral lenders that could unlock billions of dollars in loans to reduce coal use in …
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By Jorgelina do Rosario and Jorge Otaola BUENOS AIRES (Reuters) – Argentine former central banker Luis Caputo, frontrunner to be the new economy minister, met local and international bank officials …
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BERLIN (Reuters) – German industrial projects in jeopardy after a court ruling wiped 60 billion euros from the federal budget include chip factories, decarbonised steel production, and expanding the battery …
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By Anna Koper WARSAW (Reuters) -Abris Capital Partners investment fund is mulling a sale of private healthcare provider Scanmed Group, with Polish cardiovascular care company American Heart of Poland being …
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By Olesya Astakhova and Alex Lawler MOSCOW/LONDON (Reuters) – OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ …
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SHANGHAI/BEIJING (Reuters) – China’s central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the matter said on Friday, referring …
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HOUSTON (Reuters) – Marathon Petroleum restarted a rebuilt reformer at its 593,000-barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, on Thursday, people familiar with plant operations said. Marathon plans …
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By Ricardo Brito and Lisandra Paraguassu BRASILIA (Reuters) – Paulo Gonet, Brazil’s electoral attorney general, has emerged as President Luiz Inacio Lula da Silva’s leading candidate to be the country’s …
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By Andrew Mills and Ahmed Mohamed Hassan DOHA/CAIRO (Reuters) – Qatari mediators on Wednesday sought to negotiate a deal between Hamas and Israel that included the release of around 50 …
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HOUSTON (Reuters) – A planned overhaul of the gasoline-producing fluidic catalytic cracker (FCC) at TotalEnergies’ 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery is expected to continue into late November, said …
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By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Goldman Sachs bosses are considering fatter bonuses to retain star traders and dealmakers this year as the bank looks to …
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Exclusive-China orders local governments to cut exposure to public-private projects as debt risks rise, sources say
by ReutersBEIJING (Reuters) – China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting …
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By Gilles Guillaume PARIS (Reuters) – Renault will reveal the launch of an additional “affordable” city electric car during this week’s capital markets day for its new EV unit Ampere, …
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By Alexander Cornwell ABU DHABI (Reuters) – The United Arab Emirates plans to maintain diplomatic ties with Israel despite international outcry over the mounting toll of the war in Gaza …
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By Krystal Hu (Reuters) – Alphabet’s Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to …
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NEW YORK (Reuters) -Industrial and Commercial Bank of China’s hack left its U.S. unit temporarily owing Bank of New York Mellon $9 billion as a result of unsettled trades, prompting …
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By Echo Wang NEW YORK (Reuters) – China Investment Corp (CIC) has hired a new North America head for its New York office, two people familiar with the matter said, …
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Exclusive-Country Garden aims to have offshore debt restructuring plan by year end, sources say
by ReutersBy Xie Yu HONG KONG (Reuters) – China’s embattled Country Garden is aiming to pull together a tentative plan to restructure its offshore debt by the end of this year, …
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SHANGHAI (Reuters) -China’s financial regulators are investigating a month-end liquidity crunch that saw short-term money rates surge to as much as 50%, asking some institutions to explain why they borrowed …