Category: Regions
Shenzhen bourse taps intelligence tech firm as China battles capital market fraud
Reuters Reuters exclusively reported that the Shenzhen Stock Exchange has sought help from an intelligence technology firm to detect fraud and vet listings as China adopts high-tech weaponry against crime and corruption in its bid to attract investors. The post Shenzhen bourse taps intelligence tech firm as China battles capital market fraud appeared first on…
Read MoreAssad approved Syria quake aid with a UAE nudge
Reuters Reuters was first to reveal that President Bashar al-Assad ceded to calls for additional aid access to Syria after prodding from the UAE. This is a diplomatic win for the Gulf state, which has rebuilt ties with Damascus despite U.S. disapproval. Assad’s decision to approve wider aid access for U.N. convoys into the northwest…
Read MoreBritain takes aim at Microsoft’s $69 billion ‘Call of Duty’ deal
Reuters Reuters reported that Britain placed another hurdle in the way of Microsoft’s $69-billion mega purchase of “Call of Duty” maker, Activision Blizzard, saying it could harm gamers by weakening the rivalry between Xbox and Sony’s PlayStation. The post Britain takes aim at Microsoft’s $69 billion ‘Call of Duty’ deal appeared first on Reuters News…
Read MoreReuters first to report that Iran to start revamp at Venezuela’s largest refining complex within weeks
Reuters Reuters was first to report that state firms from Iran and Venezuela are soon to start a 100-day revamp of the South American nation’s largest refining complex to restore its crude distillation capacity. Sources said the effort by state oil company PDVSA and the National Iranian Oil Refining and Distribution Company to boost fuel…
Read MoreReuters exclusively reveals Chile copper output growth to slow as mining projects face delays
Reuters Citing an unpublished report, Reuters exclusively reported that Chile’s mining regulator Cochilco was forecasting far slower growth in copper production over the next decade than previously estimated, with peak output two years later than anticipated and at a significantly lower level. The news revealed that Chile, the world’s top producer of the metal, was facing hurdles…
Read MoreReuters reveals Qatar Investment Authority raises stake in Credit Suisse to just under 7%
Reuters Reuters revealed Qatar’s sovereign wealth fund has increased its stake in Credit Suisse to just under 7%, becoming the Swiss bank’s second-largest shareholder after Saudi National Bank, signaling that its Gulf investor base is growing in importance. The post Reuters reveals Qatar Investment Authority raises stake in Credit Suisse to just under 7% appeared…
Read MoreReuters reveals Airbus implements A350 design change amid Qatar Airways feud
Reuters Reuters reported Airbus has carried out design changes to A350 passenger jets amid a $2 billion dispute with Qatar Airways over surface damage, which spilled over to a debate on security this week. The two companies have been fighting in court for months over the safety impact of flaking paint that exposed corrosion or…
Read MoreReuters reveals ValueAct calls for Seven & i to spin off 7-Eleven retail chain
Reuters Reuters was first to report that hedge fund ValueAct Capital urged Seven & i Holdings shareholders to back a spin-off of the company’s 7-Eleven convenience store chain, arguing the move would improve the conglomerate’s valuation and corporate governance. The U.S.-based investment firm, which owns a 4.4% stake in the Japanese company and has been urging it…
Read MoreReuters reveals Chesapeake Energy to offload part of south Texas operations for $1.4 bln
Reuters Reuters was first to report that oil and gas exploration and production company Chesapeake Energy Corp agreed to sell part of its operations in south Texas to private equity-owned WildFire Energy for $1.4 billion in cash. After Reuters revealed the news, Chesapeake formally announced the sale of the operations to WildFire. Oklahoma City-based Chesapeake has been…
Read MoreReuters reveals Renault, Geely look to bring Aramco into engine venture
Reuters Reuters was first to report that Renault SA and China’s Geely Automobile Holdings are working to finalise a deal to bring Saudi Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies. The post Reuters reveals Renault, Geely look to bring Aramco into engine venture appeared first on…
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