Category: World News
Urals 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…
Read MoreNetflix making preparations to open Vietnam office
Reuters Reuters exclusively reported that U.S streaming giant Netflix Inc (NFLX.O) is preparing to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment. A local office would make Netflix the first major U.S tech firm with a direct presence in the fast-growing Southeast Asian country of 100 million,…
Read MoreSome investors offering Ethiopia maturity extension on 2024 bond
Reuters Reuters exclusively revealed that an informal group of international bondholders has proposed to Ethiopia’s government to extend the maturity of the country’s $1 billion eurobond issue coming due in 2024. The sources said the proposal to extend the eurobond maturity foresees a coupon of 6.625% – the same as the current one on what…
Read MoreRussia plans deep March oil export cuts
Reuters Reuters exclusively reported that Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts in a bid to lift prices for its oil, three sources in the Russian oil market said. Russia had already announced plans to cut its oil production…
Read MoreReuters exclusively revealed that U.S. sanctions authority probes Raiffeisen on Russia
Reuters Reuters exclusively revealed that the United States’ sanctions authority has launched an inquiry into Raiffeisen Bank International over its Russian business, increasing scrutiny of the Austrian lender that plays a critical role in the Russian economy. The request, part of Washington’s renewed push to financially isolate Moscow, is worrying European financial regulators that oversee…
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