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Black Sea grain deal: Russia refuses to renew and says no guarantees for ships now
Reuters Reuters was first to report that Russia was withdrawing from the UN-brokered agreement for a wartime safe shipping channel for Ukraine’s grain exports. The Monday announcement pushed global wheat prices sharply higher. U.S. wheat futures also jumped 8.5% on Wednesday and European grains soared after Reuters reported, ahead of competition, that Moscow would deem…
Read MoreRussia sets plans for oil export cuts in August
Reuters Reuters exclusively reported that Russian oil exports from western ports are set to fall by some 100,000-200,000 barrels per day next month from July levels, a sign Moscow is making good on its pledge for fresh supply cuts in tandem with OPEC leader Saudi Arabia. The post Russia sets plans for oil export cuts…
Read MoreMoonLake Immunotherapeutics explores sale
Reuters MoonLake Immunotherapeutics (MLTX.O), a developer of an antibody-derived treatment for inflammatory skin conditions, is working with an investment bank and having early-stage conversations with drugmakers interested in a potential acquisition. The post MoonLake Immunotherapeutics explores sale appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/moonlake-immunotherapeutics-explores-sale/
Read MoreAXA weighs offloading $2 billion reinsurance arm to cut disaster risk
Reuters Reuters exclusively reported that one of the world’s top insurers is considering a private sale or stock market listing of its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes. The post AXA weighs offloading $2 billion reinsurance arm to cut disaster risk appeared first on Reuters News…
Read MorePolish terminal set from 50% volume jump as Russian oil ditched
Reuters Reuters exclusively reported that Poland’s Naftoport oil terminal is set for another year of record volumes and plans to build a new jetty for supertankers as Moscow’s decades-long dominant supplier role in Poland and eastern Germany comes to an end. The post Polish terminal set from 50% volume jump as Russian oil ditched appeared…
Read MoreNorth Sea oil producer Harbour in merger talks with Talos
Reuters The move would offer Harbour an opportunity to list in New York after CEO Linda Cook decided to scale back North Sea spending and diversify operations overseas – a reaction to Britain’s windfall tax on oil and gas producers in the wake of a surge in energy prices. Talos shares were up 4.4% at…
Read MoreWar zone villagers flee after massive Ukraine dam destroyed
Reuters Reuters was hours ahead of competition reporting on the destruction of the Nova Kakhovka dam in southern Ukraine. Chicago wheat climbed over 3% on Tuesday to a near three-week high as the breaching of the dam heightened worries about escalation in the war between major grain exporters Ukraine and Russia. The post War zone…
Read MoreUN tries to save Black Sea grain deal with ‘mutually beneficial’ proposal
Reuters Sources exclusively revealed to Reuters that The U.N. has proposed that Kyiv, Moscow and Ankara start preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe Black Sea grain exports. The post UN tries to save Black Sea grain deal with ‘mutually beneficial’ proposal appeared…
Read MoreUniCredit cuts Amundi funds’ share in assets under management
Reuters Reuters exclusively reported that UniCredit has been trimming the share of Amundi funds among its assets under management as the Italian bank and its French partner spar over their 3.7 billion euro deal that runs out in 2027. Amundi shares lost 6% on Wednesday, underperforming a 1.5% drop in France’s all-share index. The post…
Read MoreAI rules ‘cannot be bargained’, EU’s Breton says after OpenAI CEO threat
Reuters Reuters exclusively reported that EU industry chief Thierry Breton has said proposed EU rules on artificial intelligence are not up for bargaining, in response to OpenAI CEO Sam Altman’s threat to quit Europe if the rules are too onerous. Altman caved the following day after Breton’s comments, tweeting that OpenAI was not going to…
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