Reuters

War may end in interim deal that leaves Iran battered but unbowed

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Under an emerging memorandum described to Reuters by sources familiar with the discussions, Iran would lift its effective blockade of the Strait of Hormuz - a ...



Trump administration drops $1.8 billion 'weaponization' fund after ...

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... sources familiar with the matter, speaking on the condition of anonymity. Advertisement · Scroll to continue. The White House referred questions to the ...



China tells steelmakers not to talk with Fortescue about new iron ore ...

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... not to engage in discussions with Australia's Fortescue about a ​new iron ore product, two sources with knowledge of the matter ‌said on Tuesday.



API shows US crude inventories fell for seventh straight ... - Reuters

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Crude stocks fell by 6.8 million ​barrels in the ​week ended May 29, ‌the ⁠sources said on condition of anonymity. Gasoline inventories rose ​by 3.5 ...



Exclusive: Top US spy agencies feud over turf, mission - Reuters

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... people ‌with direct knowledge of the matter. Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket ...



China's real estate funk drags down yet another sector - Reuters

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Two executives from the property services industry who did not want to be identified publicly because they are not authorised to speak to the media said ...



Exclusive: SpaceX targets $1.75 trillion valuation in all-primary IPO ...

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... in its blockbuster initial public offering, which will consist entirely ​of new shares, three people familiar with the matter told Reuters on Tuesday.



China allows output cuts by some money-losing independent ...

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China's ​powerful state planner has allowed some independent refiners to cut output from June, consultancies and sources ‌said, a sign of Beijing's growing ...



Potential Uniper buyers include Canada's CPPIB, Czech EPH ...

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... sources said. Advertisement · Scroll to continue. A second round of indicative offers is planned over the summer, the people said, adding a deal could be ...



Oil prices rise to one-week high as Iran reviews US proposal to halt ...

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Iran's semi-official Fars agency, citing a source, said that messages on the possible deal, or memorandum of understanding, had stopped a few days ago, with ...



Samsung, LG shares rally ahead of Nvidia CEO meetings ... - Reuters

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... with knowledge of the matter said. Nvidia also plans to hold ​a "Korean Partner Night" event on the sidelines of the COMPUTEX trade show in Taipei on Monday ...



Financial adviser whose name appeared on Epstein files has left ...

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Epstein was not a client of Merrill ​Lynch, the wealth management arm of Bank of America, according to a person familiar with the matter. Morris ‌could ⁠not ...



General Mills to sell its China Haagen-Dazs ice-cream shops as ...

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... declined to be identified. Ningji Lemon Tea, a chain founded by Amanda Wang in 2020, has expanded quickly across China and ​Southeast Asia, and now has more ...



Short on growth ideas, Putin hosts fifth wartime 'Russian Davos'

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But a senior Russian banker, who also declined to be identified, told Reuters that Putin had already lost a good opportunity last year to strike a deal ...



Brazil to target betting, tobacco sectors in new anti-organized crime ...

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... asked not to be named because the discussions are not public. "These ​operations could take place at any ​moment," the ⁠person said, noting it was still not ...



Barrick Mining weighs London listing as it negotiates Africa business ...

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... a potential all-share transaction with UK-listed Endeavour Mining seen as one option under consideration, two sources familiar with the matter told Reuters.



India's SP Group to complete dual tranche debt sale by mid-June ...

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... large fundraising plan by mid-June, ahead of a month-end deadline to refinance nearly $2.5 billion in debt, two sources familiar with the matter said on Monday.



CVC, Cinven among bidders for Italian dessert ingredients maker ...

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Private equity funds CVC and Cinven are among initial bidders ​for Italian dessert ingredients maker IRCA, two sources ‌familiar with the matter said.



New Mountain to buy Asset Living in $2 billion-plus deal, sources say

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... Mountain Capital has agreed to buy ​residential property management firm Asset Living for over $2 billion, ​according to three sources familiar with the matter.



Iran eyes limited US deal to relieve economic strain and buy time

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... sources close to decision-makers said. The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war ...



Holcim to get EU nod for 1.85 billion euro Xella acquisition after offer ...

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... ‌systems maker Xella after offering to divest a Romanian business to address competition concerns, people with direct knowledge of the matter said.



India, US near trade pact as tariff terms hinge on Section 301 relief ...

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... the source said. Advertisement · Scroll to continue. The official said India expected preferential tariff rates compared with developing countries ​in South ...



Trump's 'weaponization' fund put on hold after fierce opposition from ...

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Trump is "not thrilled" but understands this is the only way forward "for now," the source said, while adding that nothing is final until Trump announces ​it.



OPEC+ likely to raise July oil output target despite Hormuz ... - Reuters

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OPEC+ oil-producing countries will likely agree a ‌further hike in their output target for July when they meet on Sunday, three sources said, though the ...



Russia's Volgograd oil refinery halts processing after May 29 drone ...

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Sources said ​that crude distillation unit CDU-1, which accounts ‌for ⁠40% of the plant's capacity, was halted. Other units, CDU-6 and CDU-5, where also ...



From lottery draws to fiscal spending, China broadens digital yuan ...

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May 30 (Reuters) - China's central bank is making a broad push to increase the use of digital yuan at home and abroad, several industry sources said ...



Blue Origin faces months of delays after rocket explosion damages ...

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NEW YORK, May 30 (Reuters) - Blue Origin faces a months-long setback after the explosion of a rocket damaged its ​launch pad, company and industry sources said ...



US probes Reid Hoffman group over funding lawsuits against Trump ...

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... Reid Hoffman over its partial funding of writer E. Jean Carroll's lawsuits against President Donald Trump, a person familiar with the matter said on Thursday.



In China, AMD CEO Lisa Su is understated while Nvidia's Huang is ...

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An adviser to multinational CEOs with business in China, who declined to be identified so they could discuss specific executives, said Su's lower-profile ...



Hong Kong plans tax cuts on bonus pay to lure top fund managers ...

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Hong Kong is considering waiving tax on fund managers' performance bonuses in order to ​woo investment talent, say market participants and sources familiar with



Exclusive: Devon Energy gets $8 billion offer for Marcellus position ...

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... sources familiar with that deal. Advertisement · Scroll to continue. Stone Ridge could partner on a possible acquisition of Devon's Marcellus with another ...



Exclusive: Activist Toms Capital has built stake in McCormick as it ...

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Toms Capital Investment Management, an activist U.S. hedge fund, has built a significant stake in ‌McCormick & Co , according to sources familiar with the ...



Yum Brands in exclusive talks to sell Pizza Hut to LongRange ...

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The two parties are advancing in discussions about a potential deal that could come together in several weeks, the source said, adding there is no guarantee ...



Russia's covert efforts to stop Armenia's pivot West - Reuters

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However, the source said, intelligence officials take the idea seriously. Armenians routinely travel between the nations, and dozens of flights depart daily ...



Oil output at Kazakhstan's Tengiz field shrinks after an accident ...

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The first two ​sources said daily output at Tengiz, which had only just recovered from a ​previous incident, fell to between 5,000 metric tons and 10,000 ...



Indian Oil Corp buys 5 million barrels of crude from West ... - Reuters

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... sources said sources said. The Reuters Power Up ...



Exclusive: China's SAIC to sell another 10% stake in Indian car ...

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The sources said it will sell a 10% stake to JSW, whose ⁠stake will then rise to 45% and make it the largest individual shareholder. "Discussions are on ...



India insurers seek doubling of tax-free limit for some products to ...

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... sources said, declining to be identified as they are not authorised to speak to the media. Similar requests had been made after new tax limits were imposed ...



Trump's room to maneuver narrows as US, Iran close in on ... - Reuters

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Trump's dilemma became clear during a week of hectic diplomacy marked by word ‌of an emerging framework deal that, according to sources familiar with the matter ...



A new US-Iran deal could be as useless as the last | Reuters

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Reuters reported on Thursday, citing four sources familiar with the matter, that the two sides could extend a ceasefire by 60 days and lift restrictions on ​the ...



US-Iran MOU on 60-day ceasefire extension reached, but Trump ...

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... to extend their ceasefire for 60 days, but U.S. ‌President Donald Trump has yet to approve it, four sources familiar with the matter told Reuters.



China works on AI token futures market, sources say, in race with US

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China is designing a futures market for AI tokens, sources familiar with ​the matter said, as the country potentially takes a different tack to U.S. ...



Germany's RWE mulls raising stake in Amprion, source says - Reuters

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RWE , Germany's biggest power producer, is ​considering buying further shares in power ‌network operator Amprion, a person familiar with the matter said.



Trump administration in talks to fund US drone companies, WSJ ...

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... ​including Unusual Machines and Sequoia Capital-backed Neros, the Wall Street ‌Journal reported on Wednesday, citing people familiar with the matter.



ByteDance developing custom CPU chips to support AI ... - Reuters

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... AI infrastructure needs, three people familiar with the matter said, as ‌surging chip prices and prolonged supply shortages constrain its expansion plans.



Japan state-backed fund considering sale of chipmaking materials ...

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Japan Investment ‌Corp (JIC), a state-backed fund, is considering selling JSR, two people familiar with the matter said, two years after it took the maker ...



Exclusive: Ousted BP Chair met activist shareholder Elliott without ...

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... Elliott Management during his tenure without telling fellow board members directly, two sources ​with knowledge of the matter told Reuters.



Fidelity International's China head resigns after one-year stint

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... with knowledge of the matter told Reuters. The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war ...



BP set to take over offshore natural gas project in Azerbaijan ...

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Sign up here. The three sources said ​Azerbaijan's state energy company SOCAR and BP would ‌announce ⁠the agreement on the offshore Babek field on ...



PBOC tells Chinese banks to boost May lending as credit ... - Reuters

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... sources said. The Reuters Iran Briefing newsletter keeps you informed with ... Complicating the picture, banks have been tightening loan issuance to small and ...

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