Category: World News
Nvidia’s plans for sales to Huawei imperiled if U.S. tightens Huawei curbs-draft
Reuters Reuters exclusively reported that U.S. chipmaker Nvidia Corp’s plans to sell technology to China’s Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments to the blacklisted company. The Biden administration has been considering limiting the items it authorizes U.S. companies to ship to Huawei, which was added…
Read MoreReuters was first to report that SoftBank’s Arm aims to raise at least $8 billion in U.S. IPO
Reuters Reuters was first to report that Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is seeking to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year. Arm is expected to confidentially submit paperwork for its initial public offering in…
Read MoreReuters breaks news of China growth target
Reuters Reuters was 39 minutes ahead in breaking the news that China had set an economic growth target of around 5% for 2023 – an eagerly awaited number that ranks as one of the most important data points in global economics. The target for the world’s second-largest economy was at the low end of expectations,…
Read MoreRussia set to mothball damaged Nord Stream gas pipelines
Reuters Sources have exclusively told Reuters that Russia’s ruptured undersea Nord Stream gas pipelines are set to be sealed up and mothballed as there are no immediate plans to repair or reactivate them. Soaring tensions between Moscow and the West over Russia’s invasion of Ukraine had brought Nord Stream 1 to a standstill and prevented…
Read MoreUrals oil supplies to Turkey jump in Feb as STAR refinery resumes Russian crude imports
Reuters 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 Union and the price is capped by the West…
Read MoreMexico’s Pemex increased gas flaring at top field, despite pledge to stop
Reuters Reuters exclusively discovered that gas flaring from the vast Ixachi field in Veracruz state not only continued, it increased after Pemex promised to stop burning natural gas from the Southeast Mexican field amid mounting pressure to improve its poor environmental record. The post Mexico’s Pemex increased gas flaring at top field, despite pledge to…
Read MoreReuters exclusively reported that Broadcom faces EU antitrust warning on $61 billion VMware deal
Reuters 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, saying the deal – which was announced last year…
Read MoreCanada’s Baytex Energy nears $2.5 bln deal for U.S. peer Ranger Oil
Reuters 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 Texas’ Eagle Ford shale basin, which currently represents around…
Read MoreReuters ahead with news that Argentina’s government is in talks with the IMF on foreign reserve targets
Reuters Reuters reported first that Argentina’s government was in talks with the International Monetary Fund to lower its foreign exchange reserve targets for this year under its $44 billion program with the Washington-based lender. The talks come as the South American commodities exporter is facing the worst drought in 60 years, which has seen hard-currency…
Read MoreReuters was first to report that Ericsson will lay off 8,500 employees
Reuters Reuters was first to report that Ericsson will lay off 8,500 employees, citing a memo sent to employees and confirmed by Ericsson. This layoff demonstrates that the recent job cuts within the tech industry are moving to other sectors, with this being the first major layoff by a telecom company. The post Reuters was…
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