Business & FinanceDeals 02 March 2023, 6:52 pm. 1 minute Reuters exclusively revealed that Microsoft’s offer of licensing deals with rivals are likely to address EU antitrust concerns over its $69 billion bid for Call of Duty maker Activision, potentially helping it to clear a major regulatory hurdle. Activision shares gained 1.8% in pre-market trading … Read more
Business & Finance 03 March 2023, 7:17 pm. 1 minute Reuters exclusively reported that Indian budget carrier IndiGo is in talks with both Boeing (BA.N) and its current supplier Airbus (AIR.PA) to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India a few weeks ago. India’s largest … Read more
Business & FinanceEnergy 08 March 2023, 12:29 pm. 1 minute Reuters exclusively reported that Canada will not force Chinese investors to sell their stakes in three of Canada’s biggest mining firms, Teck Resources, Ivanhoe Mines, and First Quantum Minerals. Canada’s Natural Resources Minister, Jonathan Wilkinson, told Reuters in an interview that any retrospective move will … Read more
Business & FinanceEconomy 24 February 2023, 4:04 pm. 1 minute Reuters exclusively reported that U.S streaming giant Netflix Inc (NFLX.O) is preparing to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment. A local office would make Netflix the first major U.S tech firm with a direct presence … Read more
Business & FinanceDealsEnergy 27 February 2023, 4:32 pm. 1 minute Reuters was first to report that Canadian oil and gas producer Baytex Energy Corp was nearing a deal to acquire U.S. peer Ranger Oil Corp for around $2.5 billion including debt. The deal, which was announced the following day, significantly boosts Baytex’s presence in South … Read more
Business & FinanceEnergy 01 March 2023, 4:01 pm. 1 minute Reuters exclusively reported that supplies of Russian flagship Urals crude oil to Turkey reached a four-month high in February after STAR refinery, owned by Azerbaijan’s oil firm SOCAR, resumed purchases of the blend. Sea-borne Russian oil supplies are subject to an embargo by the European … Read more
Business & Finance 16 February 2023, 5:22 pm. 1 minute Reuters reported exclusively that global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao. Over the first three … Read more
Business & Finance 16 February 2023, 6:56 pm. 1 minute World Bank President David Malpass told Reuters exclusively that he decided to leave before his five-year contract ended because he felt work was well underway on reforms aimed at expanding the bank’s lending. The former Bear Stearns chief economist told Reuters he would support a … Read more
Business & Finance 19 February 2023, 5:05 pm. 1 minute Reuters exclusively revealed that an Indian investigating agency has accused French spirits group Pernod Ricard of illegally profiting $23 million in India by providing false price information and conspiring in an email campaign to sway New Delhi’s liquor policy. The new allegations represent an escalation … Read more
Business & FinanceDealsTechnology 27 February 2023, 4:53 pm. 1 minute Reuters exclusively reported that U.S. chipmaker Broadcom (AVGO.O) is set to receive an EU antitrust warning about the possible anti-competitive effects of its proposed $61 billion bid for cloud computing company VMware (VMW.N) in the coming weeks. The European Commission opened an investigation in December, … Read more