Category: USA

USA

Reuters exclusively reports as fund board diversity lags, U.S. SEC advisers push for details on race, gender

Business & FinanceEnvironment

Reuters reported exclusively that mutual fund boards would be required to disclose information on the gender and racial diversity of their directors under a rule change recommended to the top U.S. securities regulator. The suggestion from an advisory subcommittee of the U.S. Securities and Exchange Commission (SEC), which would need further approval, mirrors a growing focus from other quarters on the financial industry’s lack of diversity. 

Article Tags

Topics of Interest: Business & FinanceEnvironment

Type: Reuters Best

Sectors: Equities

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters exclusively reports Peru’s Castillo plans technocrat-heavy cabinet, moderate in economy role

Business & Finance

Reuters exclusively reported that socialist Pedro Castillo, expected to be confirmed as Peru’s next president, is drawing up a “hybrid” Cabinet of technocrats and political allies, with a moderate in line to run the economy ministry. The socially conservative former teacher, running for a Marxist party, has rattled Peru’s traditional political and business elite since emerging from relative obscurity to edge out right-wing rival Keiko Fujimori in the June vote.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Economy & Policy

Regions: AmericasSouth America

Countries: Peru

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters ahead with LinkDoc IPO news

Business & Finance

Reuters reported first that Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing’s clampdown on overseas listings by domestic firms. It is the first Chinese firm known to have pulled back from IPO plans since China’s cybersecurity regulator toughened its approach to oversight last week with an investigation into ride-hailing giant Didi Global Inc just two days after its New York debut. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceEquities

Regions: AmericasAsia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters exclusively reports Turkey’s banks set for capital healing after pandemic battle

Business & Finance

Reuters exclusively reported that Turkey is considering a fresh capital injection for state banks, but they also need a plan to deal with lingering bad debt after lenders depleted their resources helping Ankara’s battle against COVID-19. While privately-held peers were more conservative, the state banks nearly doubled their lending last year, helping the $720-billion economy avoid a contraction and mount a strong recovery helped by a speedy coronavirus vaccination campaign. Now, authorities want the lenders to be ready for another burst of credit later this year or next to meet pent-up demand from builders and other borrowers.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Europe / Middle East / Africa

Countries: Turkey

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters exclusively reports White House to target bank mergers, financial data with competition order

Business & Finance

Reuters exclusively reported that President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals. It will also ask the Consumer Financial Protection Bureau (CFPB) to issue rules giving consumers full control of their financial data to make it easier for customers to switch banks. The planned order is likely to chill M&A in the banking sector after a rash of deals unleashed by the Trump administration’s more industry-friendly regulatory policy.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: EquitiesFinancial Services

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters reveals Robinhood gives founders second chance at $1.4 billion windfall

Business & FinanceTechnology

Reuters broke the news that stock-trading app Robinhood Markets Inc is giving its billionaire founders four more years to hit share price targets that trigger stock awards worth $1.4 billion. The change could cost Robinhood almost $570 million in accounting expenses over time, according to a regulatory filing and a compensation expert. 

Article Tags

Topics of Interest: Business & FinanceTechnology

Type: Reuters Best

Sectors: EquitiesTechnology

Regions: Global

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

USA

Reuters exclusively reports Dover warns of Brexit trade disruption as tourists hit Europe

Business & Finance

Reuters reported exclusively that trade disruption could return if British holidaymakers head for European summer breaks, the head of the country’s biggest port said, calling on the government to urgently reconsider funding to redevelop Dover to prevent long-term damage. Britain’s passage out of the EU was eased by a lack of tourist traffic to France during the COVID-19 pandemic, enabling port staff to process the extra paperwork now required for trucks to access Europe and keep goods moving. But the government recently dropped a travel quarantine requirement for fully vaccinated Britons, potentially increasing the number of vehicles that could descend on the south-west port over the summer holiday months.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Europe

Countries: England

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

USA

Reuters reveals Piedmont Lithium, in push to supply Tesla, irking North Carolina neighbors; market reacts

AutomotiveBusiness & Finance

Reuters exclusively reported that Piedmont Lithium Inc has not applied for a state mining permit or a necessary zoning variance in Gaston County, North Carolina, despite telling investors since 2018 that it was on the verge of doing so and signing a supply deal with Tesla last autumn. Five of the seven members of the county’s board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected. The deteriorating relationship between Piedmont and county leaders reflects broader tension in the U.S., as resistance to living near a mine clashes with the potential of EVs to mitigate climate change.

Market Impact

Shares of Piedmont Lithium Inc fell as much as 21% after the Reuters report was published.

Article Tags

Topics of Interest: AutomotiveBusiness & Finance

Type: Reuters Best

Sectors: Business & FinanceCommodities & EnergyEquities

Regions: North America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters reveals Illumina, Grail deal faces full-scale EU antitrust probe; market reacts

Business & FinanceDealsHealth

Reuters exclusively reported that U.S. life sciences company Illumina Inc’s proposed buy of cancer test maker Grail Inc faces a lengthy EU antitrust investigation if it does not offer hefty concessions this week. Illumina announced the $8 billion cash-and-stock deal for Grail last September, under which it will buy out investors, including Amazon.com Inc founder Jeff Bezos, to regain control of a company it spun out five years ago.

Market Impact

Illumina shares trimmed gains and fell 1% after the Reuters report was published. The stock was down 4.7% the following day.

Article Tags

Topics of Interest: Business & FinanceDealsHealth

Type: Reuters Best

Sectors: Business & FinanceEquitiesPharmaceuticals & Healthcare

Regions: EuropeNorth America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

USA

Reuters reveals Piedmont Lithium, in push to supply Tesla, irking North Carolina neighbors; market reacts

AutomotiveBusiness & Finance

Reuters exclusively reported that Piedmont Lithium Inc has not applied for a state mining permit or a necessary zoning variance in Gaston County, North Carolina, despite telling investors since 2018 that it was on the verge of doing so and signing a supply deal with Tesla last autumn. Five of the seven members of the county’s board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected. The deteriorating relationship between Piedmont and county leaders reflects broader tension in the U.S., as resistance to living near a mine clashes with the potential of EVs to mitigate climate change.

Market Impact

Shares of Piedmont Lithium Inc fell as much as 21% after the Reuters report was published.

Article Tags

Topics of Interest: AutomotiveBusiness & Finance

Type: Reuters Best

Sectors: Business & FinanceCommodities & EnergyEquities

Regions: North America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story