Tag Archives: trust principles

Nokia EXCLUSIVE set to replace Huawei equipment in parts of Vodafone Idea’s Indian network – sources

Nokia’s logo and ticker are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21, 2018. REUTERS/Brendan McDermid/ Join now for FREE unlimited access to Reuters.com Register STOCKHOLM/MUMBAI, March 11 (Reuters) – Nokia (NOKIA.HE) is in talks to replace Huawei’s (HWT.UL) 4G radio equipment from parts of Vodafone Idea’s (VODA.NS) ...

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Mutual fund manager Vanguard suspends purchases of Russian securities

People are seen at a booth of Vanguard Group at a fair during the INCLUSION fintech conference in Shanghai, China September 24, 2020. REUTERS/Cheng Leng Join now for FREE unlimited access to Reuters.com Register BOSTON, March 7 (Reuters) – Vanguard Group has suspended purchases of Russian securities from its actively managed funds, the leading mutual fund manager said on Monday. ...

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VTB disables phone lines for European customers after large number of requests

The VTB bank logo is seen at the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 3, 2021. REUTERS/Evgenia Novozhenina Join now for FREE unlimited access to Reuters.com Register FRANKFURT, March 7 (Reuters) – The consumer online banking division of Russia’s VTB (VTBR.MM) in Europe has turned off its phones due to high call volumes and is ...

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PayPal shuts down services in Russia due to Ukraine aggression

A smartphone with the PayPal logo is placed on top of a laptop in this illustration taken July 14, 2021. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register March 5 (Reuters) – Payments company PayPal Holdings Inc (PYPL.O) shut down its services early on Saturday in Russia, citing “current circumstances”, joining many financial and technology companies in ...

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Amazon closes bookstores and other stores as its grocery chain expands

People walk past an Amazon Books retail store in New York, U.S., February 14, 2019. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register March 2 (Reuters) – Amazon.com Inc on Wednesday announced plans to close its 68 bookstores, pop-ups and stores selling toys and household goods in the United States and the United Kingdom, ending some of ...

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Apple, Ford and other big US brands join wave of companies fleeing Russia

Apple stops sales in Russia and makes some changes to the application ESG Investors Support Corporate Action The ruble hits a new low March 2 (Reuters) – Some of America’s best-known companies, including Apple, Google, Ford, Harley-Davidson and Exxon Mobil, have chastised and rejected Russia for its invasion of Ukraine, under constant pressure from investors and consumers who report violence. ...

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Danone plans further price increases to offset cost inflation

2021 sales €24.281 billion, up 3.4% lfl vs est. 3% Danone will accelerate its productivity gains and increase its prices in 2022 New CEO to give guidance for 2022 and mid-term on March 8, shares PARIS, Feb 23 (Reuters) – Danone (DANO.PA) on Wednesday pledged further productivity gains and price hikes this year to offset cost inflation after the French ...

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S.Korea investigates possible exaggerated Tesla mileage ad

SEOUL, Feb 15 (Reuters) – South Korea’s antitrust regulator is investigating U.S. electric car maker Tesla Inc (TSLA.O) over allegations the company overstated the specifications of its batteries, an official said on Tuesday. the Korea Fair Trade Commission (KFTC). . Yonhap news agency reported late Monday that the KFTC sent a report to the electric vehicle (EV) maker saying it ...

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EXCLUSIVE buyout funds surround Germany’s Transporeon ahead of $1.1 billion sale

LONDON, Feb 11 (Reuters) – Buyout funds including KKR (KKR.N), Hellman & Friedman and Blackstone (BX.N) have expressed interest in German transport logistics software company Transporeon as the Private equity owner Hg is reviewing exit options, four sources familiar with the matter told Reuters. Hg, which bought Transporeon in 2019, wants to capitalize on the surge in e-commerce demand during ...

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Court says Credit Suisse faces $45.5 million claim in money laundering case

A man walks into the offices of Credit Suisse in the Manhattan borough of New York, U.S., July 5, 2016. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register ZURICH, Jan 31 (Reuters) – Swiss prosecutors are seeking compensation of around 42.4 million Swiss francs ($45.5 million) from Credit Suisse (CSGN.S) in a money laundering lawsuit. money which ...

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French sports brand Decathlon appoints Barbara Martin Coppola as group CEO

The Decathlon logo is seen at the entrance to the French sports equipment and clothing company’s Decathlon store in Merignac near Bordeaux July 10, 2014. REUTERS/Regis Duvignau Join now for FREE unlimited access to Reuters.com Register PARIS, Jan 25 (Reuters) – French sports retailer Decathlon has appointed Barbara Martin Coppola, 45, a former executive at companies like IKEA and Google ...

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Video platform Rumble acquires stake in payment processor Parallel Economy

NEW YORK, Jan 18 (Reuters) – Rumble Inc, a YouTube-style website popular among U.S. conservatives, has acquired a stake in payments processor Parallel Economy, the companies said on Tuesday, as a tech industry artisanal evolves to oppose so-called online cultural cancellation. After the US Capitol riots on January 6, 2021, tech companies such as PayPal Holdings Inc (PYPL.O) and Twitter ...

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Greek airline Aegean Airlines suspends flights to Beirut after plane damage

An Aegean Airlines Airbus A320-200 taxis as it prepares to take off from Manchester Airport, Britain January 8, 2018. REUTERS/Phil Noble Join now for FREE unlimited access to Reuters.com Register ATHENS, Jan 15 (Reuters) – (This story from January 15 corrects airport name to Rafik Hariri not Rania Hariri) Greece’s largest carrier Aegean Airlines (AGNr.AT) announced on Saturday that it ...

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US CDC urges Americans to wear ‘the most protective mask possible’

WASHINGTON, Jan 14 (Reuters) – The U.S. Centers for Disease Control and Prevention (CDC) on Friday revised his advices for Americans on wearing masks to protect against COVID-19, recommending wearing “the most protective mask possible” while pausing before advocating nationwide use of N95 respirators. The CDC, an agency that critics have accused of offering shifting and confusing advice amid the ...

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Tesla’s Musk exercises all of his stock options expiring next year

SAN FRANCISCO, Dec.29 (Reuters) – Tesla Inc (TSLA.O) chief executive Elon Musk exercised all of his options expiring next year, marking the end of his share sales that triggered a drop in the most valuable stock price in the world. Car manufacturer. It has sold $ 16.4 billion in shares since early November, when it announced it would sell 10% ...

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S&P 500 poised to open record high thanks to strong retail sales report

A decoration hangs from a Christmas tree outside the New York Stock Exchange (NYSE) on the last trading day before Christmas in Manhattan, New York, United States on December 23, 2021. REUTERS / Andrew Kelly Register now for FREE and unlimited access to Reuters.com Register GoDaddy Rises on Starboard Investment Report Didi slips amid report on employees banned from short ...

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China proposes stricter rules but no ban on offshore listings

BEIJING, Dec.24 (Reuters) – The Chinese securities supervisory body on Friday proposed to tighten the rules governing the listing of Chinese companies abroad, which it said would improve supervision while allowing them to continue to do so, the latest in a series of regulatory measures taken by Beijing in 2021. The draft rules, eagerly awaited by investors and published by ...

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Analysis: Omicron begins to mark U.S. economy, but unlikely to derail

People line up for a COVID-19 test as the Omicron coronavirus variant continues to spread in Manhattan, New York, United States, December 21, 2021. REUTERS / Andrew Kelly / File Photo Register now for FREE and unlimited access to Reuters.com Register December 23 (Reuters) – The rapidly spreading Omicron variant of COVID-19 has started to leave a mark on slices ...

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A new European payment project encounters a major problem

The sun sets behind the skyline with the banking district in Frankfurt, Germany on October 18, 2021. REUTERS / Kai Pfaffenbach / File Photo Register now for FREE and unlimited access to Reuters.com Register Project intended to compete with Mastercard and Visa Holdouts include Commerzbank, DZ Bank, Unicredit – bankers Spanish banks too undecided FRANKFURT, Dec. 23 (Reuters) – Some ...

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FrieslandCampina to launch sale of infant nutrition brand Friso – sources

HONG KONG, Dec.22 (Reuters) – Dutch dairy cooperative FrieslandCampina plans to launch the sale of its infant nutrition brand Friso in the coming weeks as part of a deal that could value the brand between $ 2 billion and $ 2.5 billion dollars, according to three people familiar with the situation told Reuters. JPMorgan, advising FrieslandCampina on the sale, has ...

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Bank of Montreal expands its presence in the United States with the purchase of Bank of the West from BNP Paribas for $ 16 billion

Expands BMO Presence with Over 500 U.S. Branches and Offices Stricter US Merger Approach Creates ‘Uncertainty’ BNP Paribas will use the proceeds for more share buybacks TORONTO / PARIS, Dec. 20 (Reuters) – The Bank of Montreal announced on Monday that it would acquire BNP Paribas’ US unit (BNPP.PA), Bank of the West, for $ 16.3 billion as part of ...

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Kenya central bank announces liquidation of remainder of Imperial Bank

A view of night traffic near the offices of the Central Bank of Kenya in the capital Nairobi, November 10, 2015. REUTERS / Noor Khamis / File photo Register now for FREE and unlimited access to reuters.com Register now NAIROBI, Dec.9 (Reuters) – Kenya’s central bank on Thursday announced that the rest of the Imperial Bank would be liquidated following ...

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Instagram aims to launch timeline feed option in 2022

The names of companies and law firms shown above are generated automatically based on the text of the article. We are improving this functionality as we continue to test and develop in beta. We appreciate comments, which you can provide using the comments tab on the right of the page. December 8 (Reuters) – The Instagram manager said on Wednesday ...

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Exclusive: EU antitrust regulator seeks comment on Microsoft’s Nuance deal

December 7 (Reuters) – The EU antitrust regulator takes a closer look at Microsoft Corp’s (MSFT.O) $ 16 billion deal for transcription technology company Nuance Communications Inc (NUAN.O), asking customers and competitors to list their concerns, according to a questionnaire last month seen by Reuters. The previously unreported awareness is the most widespread by an antitrust authority since the companies ...

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Black Friday “early risers” find US stores less crowded, fewer bargains

CHICAGO, November 26 (Reuters) – Bargain hunters ventured in cold weather to shop for Christmas gifts on Black Friday, finding stores less crowded than in the past as major U.S. retailers opened early. An online change, fears of COVID and smaller discounts have cleared crowds the day after the Thanksgiving holiday in the United States, which kicks off the year-end ...

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Factbox: Fallout for consumers, businesses and banks in Turkey as the pound collapses

A money changer holds Turkish lira banknotes at an exchange office in Ankara, Turkey on October 12, 2021. REUTERS / Cagla Gurdogan Register now for FREE and unlimited access to reuters.com Register now ISTANBUL, Nov. 24 (Reuters) – A historic fall in the Turkish lira leaves consumers with higher prices, rising cost of living and even product shortages, as foreign ...

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Analysis: Powell’s renewal gives investors stability

NEW YORK, Nov. 22 (Reuters) – US President Joe Biden’s choice of Jerome Powell to continue as Federal Reserve chair reassured investors who said it provided some predictability as the central bank prepares to hike rates and slows the pace of bond purchases. Many investors were hoping that Powell, who was appointed president by President Donald Trump in 2017, would ...

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Tyson Foods sales rise as meat prices and restaurant demand rise

Tyson Foods brand frozen chicken wings are pictured in a grocery store freezer in the Manhattan neighborhood of New York City, the United States on May 11, 2017. REUTERS / Carlo Allegri / File Photo Nov. 15 (Reuters) – Soaring meat prices have helped Tyson Foods Inc (TSN.N) overcome pandemic-related labor shortages at its factories, as the main U.S. meat ...

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Elon Musk sells $ 5 billion in Tesla shares after Twitter poll

Tesla Inc CEO Elon Musk walks next to a screen showing an image of the Tesla Model 3 car during an opening ceremony for the China-made Tesla Model Y program in Shanghai, China, Jan. 7 2020. REUTERS / Aly Song / File Photo Nov. 10 (Reuters) – Tesla (TSLA.O) chief executive Elon Musk has sold around $ 5 billion in ...

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Evergrande on the verge of default as $ 148 million payment falls due

Evergrande to pay $ 148 million bond coupon on Wednesday Some bondholders did not receive payment before the end of operations in Asia Developer Fantasia shares plunge 50% after missed payment Moody’s retrograde Kaisa, S&P reduces Shimao to “BB +” from “BBB-“ SHANGHAI / HONG KONG, Nov. 10 (Reuters) – Some cash-strapped China Evergrande Group (3333.HK) bondholders did not receive ...

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The New Masters: How Auction Houses Hunt Millions of Cryptocurrencies

LONDON, Nov. 8 (Reuters) – James Christie could not have known 240 years ago, as he sold masterpieces by Rembrandt and Rubens to Catherine the Great, that his auction house would offer one day from virtual monkeys to a crypto company for over a million dollars. Sotheby’s founder Samuel Baker, who auctioned hundreds of rare books for around $ 1,000 ...

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Britain approves Merck’s COVID-19 pill in world premiere

UK approval of molnupiravir precedes US decision UK and NHS to confirm deployment plans in due course The UK provided just under half a million lessons last month The drug will be given to patients at high risk Approval comes as UK struggles to tame infections Nov. 4 (Reuters) – Britain on Thursday became the first country in the world ...

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China warns unlicensed online brokerages they are breaking the law

The headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China on September 28, 2018. REUTERS / Jason Lee SHANGHAI, Oct.28 (Reuters) – A Chinese central banker has warned that online brokerage firms unlicensed in China are acting illegally if they serve Chinese clients via the internet, by sending New York-listed shares of Futu ...

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Walmart in Mexico targets low prices despite high inflation, profits surge

A customer shops at a Walmart store in Mexico City, Mexico on March 28, 2019. REUTERS / Edgard Garrido / File Photo MEXICO CITY, Oct.21 (Reuters) – The Mexican unit of Walmart (WMT.N) said Thursday it was focusing on its low price strategy as inflation rose in the third quarter, helping the retailer’s bottom line to increase by more than ...

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Credit Suisse secures first tranche of GFG Alliance debt restructuring

A Credit Suisse sign can be seen outside their US headquarters in New York City’s Manhattan neighborhood on September 1, 2015. REUTERS / Mike Segar ZURICH, Oct.21 (Reuters) – Credit Suisse (CSGN.S) has received an upfront payment under GFG Alliance’s debt restructuring deal for its Australian steel and coal assets, announced Swiss bank Thursday. “We can confirm that we are ...

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Australia files laws to allow companies to switch to online AGMs for good

The Central Business District (CBD) skyline is pictured at sunset in Sydney, Australia on June 4, 2021. REUTERS / Loren Elliott / Files SYDNEY, Oct.20 (Reuters) – Australia plans to allow companies to ditch physical shareholder meetings and switch to fully online gatherings, making the rules introduced during the COVID-19 pandemic permanent. A bill, which has been criticized by shareholder ...

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For UK chicken farmers, Brexit and COVID are brewing a perfect storm

DRIFFIELD, England, Oct. 18 (Reuters) – When Nigel Upson checks plucked chicken carcasses hanging from a rotating line at his poultry factory in England, he sees his company’s money bleeding out following a collision of events that has turned every part of the farm-to-fork supply chain upside down. Like food manufacturers across Britain, Upson has been hit this year by ...

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EXCLUSIVE CEO of Evergrande in Hong Kong on restructuring, asset sale talks, sources say

China Evergrande Group CEO Xia Haijun attends a press conference on the company’s interim results in Hong Kong, China on August 30, 2016. REUTERS / Bobby Yip Xia discusses loan extensions, repayments, source says Offshore investors still in the dark about repayment plans Investors worried about the impact of a possible collapse Chinese central bank officials say problem is manageable ...

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United States to lift restrictions on November 8 for foreign travelers vaccinated

WASHINGTON, Oct. 15 (Reuters) – The White House will lift COVID-19 travel restrictions for fully vaccinated international visitors on Friday from Nov. 8, ending historic restrictions that had barred much of the world from entering United States for as long as 21 months. Unprecedented travel restrictions have barred millions of visitors to the United States from China, Canada, Mexico, India, ...

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Welcome to Great Britain, the bank scam capital of the world

Scammers Steal $ 1 Billion In Just Six Months – Industry Data Tech giants in the spotlight as crooks take advantage of social media LONDON, Oct. 14 (Reuters) – It was an email offering a discount on an electric toothbrush that sparked the string of events that ruined Anna’s life. Within minutes of entering her card details, she received a ...

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Twitter Launches New Ad Features and Revamped Algorithm Ahead of Ecommerce Push

A 3D printed logo for Twitter can be seen in this photo illustration taken in Zenica, Bosnia and Herzegovina on January 26, 2016. REUTERS / Dado Ruvic / Illustration Oct. 12 (Reuters) – Twitter Inc (TWTR.N) rolled out new ad features on Tuesday and overhauled the algorithm that decides which ads users see, as part of an effort to lay ...

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KKR’s Bae and Nuttall succeed Kravis and Roberts as co-CEOs

Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, United States, on August 23, 2018. REUTERS / Brendan McDermid Oct. 11 (Reuters) – KKR & Co Inc (KKR.N) announced on Monday it has elevated its co-chairs Scott Nuttall and Joseph Bae to co-CEOs, succeeding the ...

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School hires drop, labor shortages hamper U.S. job growth in September

Non-farm payroll increases by 194,000 in September The private wage bill increases by 317,000; government down 123,000 Unemployment rate drops to 4.8% from 5.2% in August Average hourly earnings increase by 0.6%; week of work WASHINGTON, Oct. 8 (Reuters) – The U.S. economy created the fewest jobs in nine months in September amid declining school hires and a labor shortage, ...

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Russia says Nord Stream 2 clearance could cool gas prices in Europe

Russian President Vladimir Putin attends a meeting with members of the government via video link at the Novo-Ogaryovo state residence outside Moscow, Russia on October 5, 2021. Sputnik / Alexei Druzhinin / Kremlin via REUTERS Russia awaits authorization for Nord Stream 2 from Germany Gas prices in Europe at their highest Kremlin says Russia played no role in Europe gas ...

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Ties and high heels as hybrid return to the office sets off a comfortable and relaxed boom

The return to the office stimulates a new demand for smart casual Global clothing brands jump on a new trend “Fashion has changed”, say consumers MADRID, October 6 (Reuters) – Spanish fashionista Blanca Lorca has once sworn in high heels and fitted clothes for the office, but the COVID-19 lockdown has transformed her sense of style and shopping habits. After ...

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US Oil Reaches Highest Level Since 2014 Amid Global Energy Crisis

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford / File Photo OPEC + Supply Concerns Support WTI and Brent Crude Oil Prices rise despite API data showing signs of slowing demand SINGAPORE, Oct. 6 (Reuters) – U.S. oil prices rose for a fifth day ...

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Wells Fargo must face allegations of shareholder fraud to recover from scandals

NEW YORK, Oct. 1 (Reuters) – A federal judge on Thursday rejected Wells Fargo & Co’s (WFC.N) offer to dismiss a lawsuit claiming it defrauded shareholders over its ability to rebound after five years scandals regarding his treatment of clients. The fourth-largest U.S. bank has been operating since 2018 under consent orders from the Federal Reserve and two other U.S. ...

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Explanation: What is behind soaring global LNG prices and the risks ahead

A liquefied natural gas (LNG) tanker leaves the dock after it is unloaded at PetroChina’s receiving terminal in Dalian, Liaoning province, China July 16, 2018. REUTERS / Chen Aizhu / File Photo LNG prices in Asia climb from less than $ 2 / mmBtu to over $ 34 / mmBtu European gas storage at low levels, fueling replenishment efforts Extended ...

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China electricity crisis hits factories as coal lobby warns woes could last until winter

SHENYANG, China, Sept. 30 (Reuters) – Small businesses caught in China’s protracted energy crisis are turning to diesel generators, or simply shutting down, as coal industry officials have expressed fears about the stocks before winter and manufacturing has declined globally. 2 economy. Beijing is striving to get more coal to utilities to restore supply as the northeast struggles with its ...

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Investors brace for tough race as Evergrande faces coupon payment deadline

Police and security personnel keep watch outside the China Evergrande Group Headquarters in Shenzhen, Guangdong Province, China on September 26, 2021. REUTERS / Aly Song Evergrande faces Wednesday interest payment deadline Bondholder advisor expects Evergrande to miss deadline The company sold a $ 1.5 billion stake in Shengjing Bank Evergrande shares increase by up to 15% HONG KONG, Sept.29 (Reuters) ...

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PBOC vows to protect consumers as China Evergrande falters

The company logo can be seen at the headquarters of the China Evergrande Group in Shenzhen, Guangdong Province, China on September 26, 2021. REUTERS / Aly Song The rights of housing consumers to protect – PBOC Evergrande goes up, bonds remain at struggling prices EV unit slips after cash warning Wednesday payment deadline looms BEIJING / HONG KONG, Sept. 27 ...

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BASF expects € 7 billion in sales of battery materials in 2030

A logo can be seen on the facade of the BASF factory and the former Ciba production site in Schweizerhalle near Basel on July 7, 2009. REUTERS / Christian Hartmann / File Photo / File Photo Plans 1.5 billion euros in sales of battery materials in 2023 The cathode materials market is expected to grow by 21% per year BASF ...

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Huawei heir apparent prepares to live after three years of legal battle in Canada

VANCOUVER, Sept.24 (Reuters) – After being stranded in Canada for nearly three years, largely confined to her multi-million dollar house in Vancouver, Huawei CFO Meng Wanzhou was due to return to China on Friday. Like many senior Chinese leaders, Meng has remained an enigmatic figure. The chief financial officer of Huawei Technologies, 49, had been widely approached to one day ...

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Evergrande’s domestic debt deal eases immediate contagion fears

The Evergrande unit says it has settled the payment of a bond coupon Investors, analysts downplay threat of ‘Lehman moment’ Fed’s Powell Should Be Asked About Evergrande Shares rise 20% in Frankfurt; Hong Kong closed SINGAPORE / SHANGHAI, Sept. 22 (Reuters) – China Evergrande on Wednesday agreed to settle interest on a domestic bond, as China’s central bank injected liquidity ...

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Can you “own” a lens? Collectible NFTs Are Getting Into Elite Soccer

Promotional image created by blockchain company Dapper Labs, which announced plans for a football-related NFT buying platform in partnership with Spanish football league La Liga, seen in this digitally created undated handout photo . Dapper Labs / Document via REUTERS LONDON, Sept. 22 (Reuters) – A year ago, it might seem like a long time ago when a company created ...

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Price pressures and supply fears are cutting kingfisher’s wings

General view of a B&Q DIY store, as the spread of coronavirus disease (COVID-19) continues, in Chiswick, London, Britain April 23, 2020. REUTERS / John Sibley / File Photo First half profit up 62% to 669 mln stg Raises sales outlook for the second half of the year Projected annual profit of up to 950 million stg To buy back ...

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SoftBank Leads $ 680 Million Funding Round in Fantasy Soccer Game NFT Sorare

The SoftBank Corp logo is pictured at a press conference in Tokyo, Japan on February 4, 2021. REUTERS / Kim Kyung-Hoon / File Photo LONDON, Sept.21 (Reuters) – Sorare, a blockchain-based fantasy soccer game, raised $ 680 million in a round-robin led by SoftBank (9984.T), with players including the former international English Rio Ferdinand and Spaniard Gerard Pique also investing, ...

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Mattress Firm, Owned by Steinhoff, Confidentially Files US IPO

Two Mattress Firm stores, a brand owned by Steinhoff, are displayed on either side of the street in Encinitas, California, United States, January 25, 2018. REUTERS / Mike Blake / File Photo Sept. 20 (Reuters) – Mattress Firm Group Inc, the mattress sales firm of South African retail group Steinhoff, confidentially filed documents with regulators on Monday for an IPO ...

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Homebuyer demand drives up asking prices for UK homes: Rightmove

A row of houses is seen in London, Britain on June 3, 2015. REUTERS / Suzanne Plunkett LONDON, Sept.20 (Reuters) – Asking prices for homes in Britain resumed their upward trend this month, with demand from buyers far outstripping the supply of new homes entering the market, a report revealed. survey Monday. Real estate website Rightmove said asking prices rose ...

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Japan’s Mitsubishi UFJ considers sale of US banking arm – report

A man walks past a Mitsubishi UFJ Financial Group and MUFG Bank sign at its headquarters in Tokyo, Japan, April 3, 2018. REUTERS / Toru Hanai TOKYO, Sept. 17 (Reuters) – Mitsubishi UFJ (8306.T) is considering selling its U.S. banking arm MUFG Union Bank, Bloomberg reported on Friday, which would mark a significant shift in strategy for Japan’s largest lender. ...

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Banks beware, foreigners are cracking the finance code

Investments in integrated finance jump in 2021, data shows Buy now, pay later, offers take center stage Fintech market valuations overtake banks LONDON, September 17 (Reuters) – Anyone can be a banker these days, all you need is the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart (WMT.N) cut out traditional financial intermediaries and connect ...

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GM extends EV Bolt production shutdown until mid-October

A close-up view of the Chevrolet Bolt electric vehicle logo is seen at Stewart Chevrolet in Colma, California, the United States, October 3, 2017. REUTERS / Stephen Lam WASHINGTON, Sept.16 (Reuters) – General Motors Co (GM.N) on Thursday announced it would extend the shutdown of a Michigan assembly plant until mid-October following a new recall of its Chevrolet Bolt electric ...

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Fed change to Jackson Hole shows ability of Delta variant to skew plans

The Teton Mountain Range is pictured from the windows of the Jackson Lake Lodge during the three-day “Challenges for Monetary Policy” conference in Jackson Hole, Wyoming, USA on August 23, 2019. REUTERS / Jonathan Crosby / File Photo WASHINGTON, Aug.23 (Reuters) – Health officials in Teton County, Wyoming, announced last Thursday what was in part an administrative change, trading a ...

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India’s fuel demand in July hits 3-month peak

A worker holds a nozzle to pump gasoline into a vehicle at a gas station in Mumbai, India on May 21, 2018. REUTERS / Francis Mascarenhas / File Photo Natixis anticipates a seasonal acceleration in demand in Q4 Demand for diesel increased 11.5% year on year Gasoline sales up about 16.4% year-on-year Aug 10 (Reuters) – Fuel demand in India ...

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German Delivery Hero takes 5.1% stake in rival Deliveroo

Delivery Hero informed Deliveroo after the market closed on Friday £ 284million stake based on Friday’s close Deliveroo shares rise 11% to peak after IPO LONDON, Aug. 9 (Reuters) – Germany’s Delivery Hero (DHER.DE) has taken a 5.09% stake in online food delivery competitor Deliveroo (ROO.L), raising the price of UK stock at its highest since its IPO in March. ...

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US approves potential sales of howitzers to Taiwan – Pentagon

The flags of Taiwan and the United States are placed for a meeting in Taipei, Taiwan on March 27, 2018. REUTERS / Tyrone Siu WASHINGTON, Aug.4 (Reuters) – The U.S. State Department has approved the potential sale of 40 M109A6 155mm Self-Propelled Medium Howitzer Artillery systems to Taiwan in a deal valued at $ 750 million, the Pentagon announced on ...

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Tencent promises new gambling restrictions after $ 60 billion ‘spiritual opium’ attack

SHANGHAI, Aug.3 (Reuters) – Chinese firm Tencent Holdings Ltd (0700.HK) on Tuesday said it would further restrict minors’ access to its flagship video game, hours after its shares were beaten by an article from state media describing online gambling as “spiritual opium”. Economic Information Daily quoted Tencent’s “honor of kings” in an article in which it said minors were addicted ...

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China quietly sets new Chinese procurement targets for state-owned enterprises – US sources

WASHINGTON, Aug.2 (Reuters) – The Chinese government quietly released new sourcing guidelines in May that require up to 100% local content on hundreds of items, including x-ray machines and medical equipment. ‘magnetic resonance imaging, erecting new barriers for foreign suppliers, three United States. based sources told Reuters. Document 551 was released on May 14 by the Chinese Ministry of Finance ...

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Tesla is pressuring India to sharply cut import taxes on electric vehicles – sources

A Tesla logo is pictured on a car in the rain in the Manhattan neighborhood of New York, New York, the United States, on May 5, 2021. REUTERS / Carlo Allegri / File Photo NEW DELHI, July 23 (Reuters) – Tesla Inc (TSLA.O) has written to Indian ministries asking for a significant reduction in import duties on electric vehicles (EVs), ...

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IMF urges countries to move from economic bailout to reform

A participant stands near an IMF logo during the 2018 annual meeting of the International Monetary Fund – World Bank in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS / Johannes P. Christo / File Photo WASHINGTON, July 20 (Reuters) – The International Monetary Fund’s No.2 official on Tuesday called on countries to shift from saving their economies from collapse ...

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Spyware from Israeli company used to target journalists’ cellphones – reports

A hooded man holds a laptop as a blue screen with an exclamation mark is projected onto him in this illustrative photo taken on May 13, 2017. REUTERS / Kacper Pempel / Illustration WASHINGTON, July 18 (Reuters) – Spyware from an Israeli company has been used in a successful attempt to hack 37 smartphones belonging to journalists, government officials and ...

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Pharmacies remove J&J sunscreens from shelves after carcinogen found in certain sprays

July 15 (Reuters) – Drugstore chains CVS Health (CVS.N), Walgreens Boots Alliance (WBA.O) and retailer Walmart Inc (WMT.N) have started pulling sunscreen products from Johnson & Johnson ( JNJ.N) off their shelves after J&J said it had detected a carcinogenic chemical in some samples. Pharmaceuticals and consumer goods company J&J voluntarily recalled five Neutrogena and Aveeno brand aerosol sunscreens on ...

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Pfizer to seek US clearance for COVID recall

NEW YORK, July 8 (Reuters) – Pfizer Inc (PFE.N) is considering asking U.S. regulators to allow a booster dose of its COVID-19 vaccine within the next month, the manufacturer’s lead scientist said Thursday on Thursday. drugs, based on evidence of an increased risk of re-infection six months after inoculation and spread of the highly contagious Delta variant. The US Food ...

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Volkswagen sells stake in Electrify America charging unit – sources

A new logo for German automaker Volkswagen is unveiled at VW headquarters in Wolfsburg, Germany, September 9, 2019. REUTERS / Fabian Bimmer / File Photo FRANKFURT, July 6 (Reuters) – Volkswagen (VOWG_p.DE) to sell a stake in its Electrify America electric vehicle charging unit, two people familiar with the matter said, as the automaker seeks outside funds to build infrastructure ...

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Amazon EXCLUSIVE, Tata Says Indian Government’s E-Commerce Rules Will Hit Businesses – Sources

NEW DELHI, July 3 (Reuters) – Amazon.com Inc (AMZN.O) and Indian group Tata on Saturday warned government officials that draft stricter rules for online retailers would have a major impact on their business models, according to four sources familiar with the discussions told Reuters. At a meeting hosted by the Ministry of Consumer Affairs and government investment promotion arm, Invest ...

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China to cut payment fees for small businesses from September 30 – PBOC

A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China as the country is hit by an outbreak of the novel coronavirus on February 3, 2020. REUTERS / Jason Lee / File Photo BEIJING, June 25 (Reuters) – China’s central bank announced Friday that it will reduce payment fees ...

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REUTERS EVENTS Allstate is looking for more agents, but not as “human modems”

Tom Wilson, President and CEO of Allstate Insurance Company, speaks onstage during We Day California in Inglewood, Calif., April 7, 2016. REUTERS / Danny Moloshok / File Photo NEW YORK, June 23 (Reuters) – Allstate Corp (ALL.N) wants to buy more independent insurance agencies this year to expand the business it acquired with the purchase of National General, told Wednesday ...

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