Category: Uncategorized
Ukraine winter wheat sowing seen unchanged despite export crisis
Reuters Reuters exclusively reported that Ukrainian farmers are not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the wartime export crisis. Ukraine is a major wheat producer and the demise of the Black Sea corridor used to safely export grain during the war…
Read MoreGerman 2024 fiscal cushion jumps to 67 billion euros on green transition
Reuters Reuters exclusively reported that Germany’s fiscal support is expected to rise to a total of 67.1 billion euros ($72.36 billion) in 2024 to drive the transition towards a greener economy, up from 37.9 billion euros in 2021. The post German 2024 fiscal cushion jumps to 67 billion euros on green transition appeared first on…
Read MoreDanaher in the lead to acquire biomedical equipment vendor Abcam
Reuters Reuters exclusively reported that Danaher Corp (DHR.N) is in the lead to acquire Abcam Plc, a provider of supplies to life science researchers with a market value of $5.4 billion, as it expands its biomedical offerings. The post Danaher in the lead to acquire biomedical equipment vendor Abcam appeared first on Reuters News Agency.…
Read MoreBayer investor Artisan calls for breakup of company
Reuters Reuters exclusively reported that Artisan Partners is requesting the “de-merging” two of Bayer’s three business arms, adding to a chorus of demand for change from other investors. The post Bayer investor Artisan calls for breakup of company appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/bayer-investor-artisan-calls-for-breakup-of-company/
Read MoreTurkey shocks with big rate hike to 25%, boosting lira
Reuters Reuters was first to report when Turkey’s central bank shocked markets by hiking its interest rate by 750 basis points to 25%, three times the size of the expected tightening. The lira currency immediately rallied more than 7%, bank stocks jumped 8% and dollar bonds gained more than 2 cents. The move was Turkey’s…
Read MoreInsurers raise premiums for Black Sea tankers as tensions mount
Reuters Reuters exclusively reported that insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known as “war risk premiums.” The post Insurers raise premiums for Black Sea tankers as tensions mount appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/insurers-raise-premiums-for-black-sea-tankers-as-tensions-mount/
Read MoreH&M says it will “phase out” sourcing from Myanmar
Reuters Reuters exclusively reported that the world’s second-biggest fashion retailer H&M (HMb.ST) has decided to gradually stop sourcing from Myanmar, as reports of labor abuses in garment factories in the country increase. The post H&M says it will “phase out” sourcing from Myanmar appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/hm-says-it-will-phase-out-sourcing-from-myanmar/
Read MoreSilver Lake to explore sale of tax-free shopping firm Global Blue
Reuters Reuters exclusively reported that equity firm Silver Lake is preparing to explore a sale of Global Blue Group Holdings Ltd (GB.N), a company that enables retailers to offer tax-free shopping, after receiving expressions of interest from potential acquirers. The post Silver Lake to explore sale of tax-free shopping firm Global Blue appeared first on…
Read MoreSantander plans to hire about 150 bankers to grow investment banking
Reuters Reuters exclusively reported that Spain’s Santander (SAN.MC) is planning to hire around 150 bankers primarily in the United States as part of its plans to accelerate growth in its investment banking business. The post Santander plans to hire about 150 bankers to grow investment banking appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/santander-plans-to-hire-about-150-bankers-to-grow-investment-banking/
Read MoreCyanide maker Draslovka screens banks for IPO
Reuters Reuters exclusively revealed that Draslovka, the world’s largest producer of sodium cyanide, has been sounding out banks to manage a possible stock market listing as early as next year. The post Cyanide maker Draslovka screens banks for IPO appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/cyanide-maker-draslovka-screens-banks-for-ipo/
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