Category: Regions
Reuters 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Reuters Citing an unpublished report, Reuters exclusively reported that Chile’s mining regulator Cochilco was forecasting far slower growth in copper production over the next decade than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…
Read MoreReuters reveals Shells’ LNG Canada Project to Delay Shift to Renewable
Reuters Reuters exclusively reported that Shell PLC’s Canada export project team in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and a switch to electricity as more renewable power becomes available. LNG Canada CEO Jason Klein told Reuters in an interview that lack of transmission infrastructure makes the whole…
Read MoreReuters reveals NI to explore options including sale amid interest from Emerson Electric
Reuters Reuters was first to report that National Instruments Corp had received acquisition interest from Emerson Electric. A few days after the Reuters news, Emerson disclosed a nearly $7 billion hostile offer for NI, which the company had been trying to buy unsuccessfully for several months. The post Reuters reveals NI to explore options including sale amid…
Read MoreReuters reveals Exxon prepares to start up $2 bln Texas oil refinery expansion
Reuters Reuters exclusively reported that Exxon Mobil Corp will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, completing a $2 billion expansion first considered nine years ago. Initial startup of a crude distillation unit at the 369,000-bpd refinery is expected by Jan. 31, making the Beaumont refinery the second largest in the…
Read MoreReuters reveals Southwest CEO says all options ‘on the table’ after carrier’s meltdown, and vows responsibility
Reuters Reuters exclusively revealed that Southwest Airlines Co Chief Executive Bob Jordan is looking at all options to ensure the operational meltdown the company suffered last month is not repeated. The Dallas-based carrier has been dealing with customer outrage and regulatory scrutiny after a systems meltdown left thousands of passengers stranded. The post Reuters reveals…
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