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…
China’s OrienSpace could be valued at $823 million in new fundraising -sources
By Roxanne Liu and Kane Wu (Reuters) – Chinese commercial rocket developer OrienSpace is set to be valued at about 6 billion yuan ($823 million) in a new fundraising exercise ahead of…
Iraq oil minister in Turkey to discuss resuming northern oil exports -sources
BAGHDAD (Reuters) – Iraq’s oil minister Hayan Abdel-Ghani arrived in the Turkish capital Ankara to discuss several issues including the resumption of oil exports through the Ceyhan oil terminal, a source in…
Exclusive-India cenbank nudges banks to settle UAE trades in rupee, dirham -sources
By Siddhi Nayak, Jaspreet Kalra and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and…
Exclusive-Tyson Foods plans to sell China poultry business -sources
By Kane Wu and Abigail Summerville HONG KONG/NEW YORK (Reuters) – U.S. meat and processed food maker Tyson Foods plans to sell its China poultry business, three people with knowledge of the…
Jefferies hires Credit Suisse banker Gegenheimer for tech dealmaking -sources
By Milana Vinn (Reuters) – Jefferies has hired Credit Suisse investment banker Jon Gegenheimer in its latest efforts to boost its U.S. technology dealmaking franchise, according to people familiar with the matter.…
Exclusive-Silver Lake to explore sale of tax-free shopping firm Global Blue -sources
By Milana Vinn and Amy-Jo Crowley (Reuters) -Private equity firm Silver Lake is preparing to explore a sale of Global Blue Group Holdings Ltd, a company that enables retailers to offer tax-free…
India’s ‘bad bank’ sees loan transfers dwindle on valuation, liability woes -sources
By Siddhi Nayak MUMBAI (Reuters) – India’s so-called ‘bad bank’ set up to buy legacy stressed loans from the country’s lenders has seen such purchases grind to a standstill recently due to…
Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources
BEIJING (Reuters) – Bank of China Ltd, China’s fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response…
Shanghai Exchange urges bankers to closely vet Chinese medical firms IPOs – sources
SHANGHAI (Reuters) – The Shanghai Stock Exchange has urged bankers to pay close attention to the marketing practices of Chinese drug and medical equipment makers seeking initial public offerings (IPOs) amid an…
Exclusive-Canadian pension funds explore $6 billion sale of renewables firm Cubico -sources
By Isla Binnie and Andres Gonzalez NEW YORK (Reuters) – Two of Canada’s biggest pension funds are exploring options including a sale of Cubico Sustainable Investments that could value the renewable energy…
Exclusive-Fear of tech ‘brain drain’ prevents Russia from seizing Yandex for now -sources
By Alexander Marrow and Polina Devitt LONDON (Reuters) – The Kremlin’s fear of a serious tech brain drain is the main factor preventing Moscow from nationalising Nasdaq-listed Yandex, often dubbed “Russia’s Google”,…
Exclusive-Private equity firm STG nears $1.4 billion deal for Avid Technology -sources
By Milana Vinn and Anirban Sen NEW YORK (Reuters) – Private equity firm Symphony Technology Group (STG) is nearing a deal to acquire media editing software maker Avid Technology Inc for close…
Hedge fund Viking reopens flagship fund after decade -sources
By Carolina Mandl NEW YORK (Reuters) -U.S.-based Viking Global Investors has reopened its flagship long/short hedge fund for new capital having closed it more than a decade ago, according to three people…
Exclusive-Amazon in talks to become anchor investor in Arm ahead of IPO -sources
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its…
Exclusive-UBS plans TMT dealmaking team shake-up -sources
By Milana Vinn NEW YORK (Reuters) – UBS Group AG is reshuffling its technology, media and telecommunications (TMT) team, elevating some bankers who joined this year as the Swiss bank charts its…
OPEC+ ministers keep oil output policy unchanged – sources
LONDON (Reuters) – A panel meeting of the top ministers of OPEC+ has kept oil output policy unchanged on Friday, two OPEC+ sources said. The panel, called the Joint Ministerial Monitoring Committee,…
Turkish cenbank governor, Finance Minister to attend JP Morgan investor meeting on Friday -sources
By Orhan Coskun and Karin Strohecker ISTANBUL/LONDON (Reuters) – Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a meeting with investors being held by JP Morgan…
India asks Tesla to copy Apple in pairing Chinese, Indian suppliers -sources
By Nikunj Ohri, Shivangi Acharya and Aftab Ahmed NEW DELHI (Reuters) – As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms…
Exclusive-China asks some banks to reduce or delay dollar buying -sources
SHANGHAI/BEIJING (Reuters) – China’s currency regulators are asking some commercial banks to reduce or postpone their purchases of U.S. dollars in order to slow the yuan’s depreciation, two people with direct knowledge…
Tesla executives hold market entry talks with India investment agency -sources
By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – Two senior Tesla executives discussed the company’s plans to enter India with officials from the country’s investment promotion arm in New Delhi,…
ECB debated raising banks’ mandatory reserves in inflation fight – sources
FRANKFURT (Reuters) – European Central Bank policymakers debated raising banks’ mandatory reserves to 2% from 1% of their deposits at their meeting on Thursday as part of their fight against high inflation,…
Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources
By Chris Prentice and Tom Sims NEW YORK/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegations of greenwashing by the German fund manager…
Some Chinese steel mills ordered to cap output this year – sources
BEIJING (Reuters) – Several Chinese steel mills have received instructions to cap this year’s output at the same level as 2022, five people familiar with the matter and analyst reports said on…
China state banks seen selling US dollars to prop up yuan -sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with direct knowledge…
Exclusive-Airbus weighs separate boss for planemaking arm – sources
By Tim Hepher PARIS (Reuters) – Airbus is contemplating a management shake-up that could restore a de facto separate leader for its planemaking business and free CEO Guillaume Faury to tackle broader…
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