Author: admin

USA

Reuters Special Report: How family of a Myanmar junta leader are trying to cash in

Business & Finance

Reuters revealed how the family of Myanmar’s air force chief – a key member of the junta which overthrew the government earlier this year – have developed wide-ranging business interests, including deals to supply the military. Corporate filings and a military procurement document reviewed by Reuters, as well as interviews with friends and associates of the family and with five defence contractors, showed how the family have prospered as Myanmar upgrades its military.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Asia

Countries: Myanmar

Win Types: ExclusivityStorytelling

Story Types: Special Report / Insight

Media Types: MultimediaPicturesText

Customer Impact: Important Regional Story

USA

Reuters reveals lawyers behind Ackman’s retreat may target more SPACs

Business & Finance

Reuters broke the news that the lawyers whose action prompted billionaire investor William Ackman to make changes to his special purpose acquisition company (SPAC) could target more such vehicles. Reuters sources said the lawyers’ group, which includes one of the most prolific U.S. shareholder class action firms, is actively monitoring the sector and that the number of potential new lawsuits could end up being as high as 50.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceEquities

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters reveals JOYY’s top shareholders plan take-private deal, value firm at up to $8 bln

Business & Finance

Reuters broke the news that JOYY Inc’s top two shareholders, its Chairman David Li and Xiaomi founder Lei Jun, plan to take the Nasdaq-listed company private in a deal that could value it at up to $8 billion. They are teaming up for the deal as they believe the Chinese social media company is undervalued in the U.S. market, three people with knowledge of the matter said. JOYY shares rose as much as 16% in heavy trading after the story was published. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

USA

Reuters first to report China’s FX regulator surveyed banks, companies on yuan risk

Business & Finance

Reuters was first to report that China’s currency regulator, the State Administration of Foreign Exchange (SAFE), has been conducting a rare survey of banks and companies to ask about their risk management processes and ability to handle volatility in the yuan. The SAFE did not give a reason for the survey, but its timing suggests Chinese authorities are girding for currency volatility as the Federal Reserve and other major central banks wean economies off massive pandemic-era stimulus, and are keen to avoid a repeat of the violent yuan slide during U.S. tightening in 2015-2016.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters exclusively reports Taliban launch charm offensive with Afghan banks

Reuters reported exclusively that the new, Taliban-appointed head of Afghanistan’s central bank has sought to reassure banks that the group wants a fully-functioning financial system, but has so far provided little detail on how it will supply funds to sustain it. The acting central bank governor, Haji Mohammad Idris, met members of the Afghanistan Banks Association and other bankers this week and told them that the Taliban viewed the banking sector as imperative, Reuters sources said. The militant group, which now controls the country, was working to find solutions for liquidity and rising inflation, Reuters sources quoted Idris as saying.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Middle East

Countries: Afghanistan

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters exclusively reports Taliban launch charm offensive with Afghan banks

Reuters reported exclusively that the new, Taliban-appointed head of Afghanistan’s central bank has sought to reassure banks that the group wants a fully-functioning financial system, but has so far provided little detail on how it will supply funds to sustain it. The acting central bank governor, Haji Mohammad Idris, met members of the Afghanistan Banks Association and other bankers this week and told them that the Taliban viewed the banking sector as imperative, Reuters sources said. The militant group, which now controls the country, was working to find solutions for liquidity and rising inflation, Reuters sources quoted Idris as saying.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Middle East

Countries: Afghanistan

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Qiagen shares hit 21-year high following Reuters exclusive interview

Business & FinanceHealth

Reuters reported exclusively that German genetic testing company Qiagen sees upside potential for its full-year guidance and expects a good third quarter after the company cut its forecast in July.

Finance Chief Roland Sackers told Reuters in an interview that demand for COVID-19 tests had taken yet another turn as continued breakthrough infections from the Delta coronavirus variant in some vaccinated people was fueling test kit demand.

Asked about the prospect of Qiagen becoming a takeover target again, Sackers said he had strong confidence in the group’s growth potential but would not rule out any tie-up.

Market Impact

The stock extended gains to hit a 21-year high after the comments, trading 2.6% higher at 47.51 versus a record 61.24 set in 2000.

Article Tags

Topics of Interest: Business & FinanceHealth

Type: Reuters Best

Sectors: Business & FinancePharmaceuticals & Healthcare

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Qiagen shares hit 21-year high following Reuters exclusive interview

Business & FinanceHealth

Reuters reported exclusively that German genetic testing company Qiagen sees upside potential for its full-year guidance and expects a good third quarter after the company cut its forecast in July.

Finance Chief Roland Sackers told Reuters in an interview that demand for COVID-19 tests had taken yet another turn as continued breakthrough infections from the Delta coronavirus variant in some vaccinated people was fueling test kit demand.

Asked about the prospect of Qiagen becoming a takeover target again, Sackers said he had strong confidence in the group’s growth potential but would not rule out any tie-up.

Market Impact

The stock extended gains to hit a 21-year high after the comments, trading 2.6% higher at 47.51 versus a record 61.24 set in 2000.

Article Tags

Topics of Interest: Business & FinanceHealth

Type: Reuters Best

Sectors: Business & FinancePharmaceuticals & Healthcare

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters exclusively reports ex-director seeks to stall $2 billion Paytm IPO

Business & Finance

Reuters exclusively reported Indian digital payments leader Paytm was facing a hurdle with its planned IPO after a former director urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares. In legal documents seen by Reuters, Paytm says the claim by Ashok Kumar Saxena and allegations of fraud in a police complaint in New Delhi are mischievous attempts to harass the firm. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters first to report Olam looks to raise about $3 bln via food ingredients London IPO

Business & Finance

Reuters was first to report that Olam International is considering raising about 2 billion pounds through a London listing of its food ingredients unit next year, as the Singapore-based trading house seeks to boost its valuation and step-up acquisitions. The company, one of the world’s biggest agricultural commodity traders, is listing Olam Food Ingredients (OFI) as part of a business overhaul flagged last year to focus on the two core businesses of OFI and Olam Global Agri (OGA) after the sale of sugar, rubber and other portfolios.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: EquitiesFood & Beverage

Regions: AsiaEurope

Countries: EnglandSingapore

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story