By Alexandra Ulmer and Marianna Parraga (Reuters) – A Russian oil firm is asking Venezuela’s state-run company PDVSA for permission to take control of exports from their joint ventures to revive cash flow from the five companies, which have been hard-hit by U.S. sanctions, two people involved in the talks said. Roszarubezhneft – a state-owned…
By Lisa Pauline Mattackal and Medha Singh (Reuters) -What would Satoshi make of it all? Bitcoin, the currency created to subvert the financial establishment, has shaken off weeks of sickness with the support of Wall Street’s finest. The original crypto coin has leapt 20% to two-month highs at $30,182 over the past 11 days after…
By Tommy Wilkes LONDON (Reuters) – U.S. asset managers factor greenhouse gas emissions and other climate risks into their debt investment decisions as much as peers in Europe, according to a survey released on Tuesday, despite the Republican campaign against climate-focused investing in the United States. Nearly a third of North American fixed income managers…
(Reuters) -Thomson Reuters said on Monday it had agreed to acquire Casetext, a legal startup with an artificial intelligence-powered assistant for law professionals, in a $650 million all-cash deal. Thomson Reuters’ chief financial officer, Michael Eastwood, had said last month that the company planned to spend about $100 million a year to invest in artificial…
By Shankar Ramakrishnan NEW YORK (Reuters) -A type of derivative trade that became popular with companies over the past year to save on interest costs is seeing demand slow, with risk increasing that the bets could backfire as the Federal Reserve nears the end of its policy tightening cycle. The so-called pre-issuance hedges are derivative…
By Jennifer Rigby LONDON (Reuters) – Three global health bodies are teaming up to investigate stockpiling experimental vaccines for rare infectious diseases so the shots can be tested more quickly when outbreaks happen, a top official from vaccine alliance Gavi told Reuters. The initiative will be led by Gavi, the World Health Organization (WHO) and…
SAO PAULO (Reuters) – The chief executives of Brazil’s largest private lenders, Itau and Bradesco, defended on Tuesday the government’s planned tax reform, emphasizing that the country is facing a “unique opportunity” for the economy. Brazil unveiled last week the details of its proposed tax reform to overhaul its notoriously complex consumption taxes, seen as…
By Richa Naidu LONDON (Reuters) – Reckitt’s Lysol disinfectant brand said on Tuesday that it would start selling in the U.S. an “air sanitizing spray” that kills 99.9% of airborne viruses and bacteria. The spray, which Reckitt said helps reduce the spread of airborne pathogens such as cold, Influenza and Coronavirus, has been approved by…
By Maki Shiraki and Daniel Leussink TOKYO (Reuters) -Nissan shareholders re-elected its chief executive and other board nominees on Tuesday at an annual meeting that came days after revelations of a split among senior management and allegations of corporate surveillance. The Japanese automaker is investigating accusations that CEO Makoto Uchida carried out surveillance of his…
(Reuters) – Faraday Future Intelligent Electric has received $90 million in funding commitment from its existing investors, the electric-vehicle startup said on Tuesday, sending its shares up about 5%. The funding will be led by private equity ATW Partners, with participation from Senyun International, and will support the production and delivery of FF 91 EV,…
