Category: USA

USA

Reuters exclusively reports Abu Dhabi conglomerate IHC eyes deals worth ‘a few billion dollars’

Business & Finance

Chief executive of Abu Dhabi conglomerate International Holding Co (IHC), Syed Basar Shueb, told Reuters in an exclusive interview that the company is seeking deals worth a “few billion dollars” in several sectors. It is also considering an initial public offering next year for its majority-owned healthcare firm Pure Health, which has played a pivotal role in lab screening for COVID-19 infections in the United Arab Emirates, and aims to list six portfolio companies on the bourse this year. IHC is now the most valuable company on the Abu Dhabi bourse with a market capitalization of $72 billion.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Middle East

Countries: UAE

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters goes in-depth into leaderless Lebanon on slippery slope to mayhem

Business & FinancePolitics

In an in-depth analysis, Reuters detailed how Lebanon’s financial meltdown is dragging the country towards mayhem at a quickening pace, forcing its feuding leaders to face a choice between finally doing something about the crisis or risking yet more chaos and insecurity. The economic collapse that has caused Lebanese mounting hardship for two years hit a crunch point this month with fuel shortages paralyzing even essential services and miles-long queues forming at gas stations with little or no petrol to sell.

Article Tags

Topics of Interest: Business & FinancePolitics

Type: Reuters Best

Sectors: Economy & Policy

Regions: Middle East

Countries: Lebanon

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters goes in-depth into leaderless Lebanon on slippery slope to mayhem

Business & FinancePolitics

In an in-depth analysis, Reuters detailed how Lebanon’s financial meltdown is dragging the country towards mayhem at a quickening pace, forcing its feuding leaders to face a choice between finally doing something about the crisis or risking yet more chaos and insecurity. The economic collapse that has caused Lebanese mounting hardship for two years hit a crunch point this month with fuel shortages paralyzing even essential services and miles-long queues forming at gas stations with little or no petrol to sell.

Article Tags

Topics of Interest: Business & FinancePolitics

Type: Reuters Best

Sectors: Economy & Policy

Regions: Middle East

Countries: Lebanon

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 exclusively reports Abu Dhabi conglomerate IHC eyes deals worth ‘a few billion dollars’

Business & Finance

Chief executive of Abu Dhabi conglomerate International Holding Co (IHC), Syed Basar Shueb, told Reuters in an exclusive interview that the company is seeking deals worth a “few billion dollars” in several sectors. It is also considering an initial public offering next year for its majority-owned healthcare firm Pure Health, which has played a pivotal role in lab screening for COVID-19 infections in the United Arab Emirates, and aims to list six portfolio companies on the bourse this year. IHC is now the most valuable company on the Abu Dhabi bourse with a market capitalization of $72 billion.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Middle East

Countries: UAE

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters exclusively reports Fed’s Kaplan wants bond-buying taper to start soon and be gradual

Business & Finance

Reuters reported exclusively that Dallas Federal Reserve President Robert Kaplan believes the U.S. central bank should start reducing its bond-buying program “soon” and gradually, and that doing so would give it more flexibility to be patient on raising interest rates. In June, Kaplan was among the minority of Fed policymakers who thought the central bank might need to begin raising rates in 2022. Kaplan said he did not know if he would pencil that same view in when policymakers submit their updated forecasts as part of the Sept. 21-22 policy meeting. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: North America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters reveals JAB’s Panera Bread to join coffee, bagel chains in new unit

Business & Finance

Reuters broke the news that JAB Holding Co is carving Panera Bread out into a new unit that will also include Caribou Coffee, Einstein Bros Bagels and other brands to help the chains expand as they emerge from the COVID-19 pandemic. The new group, to be called Panera Brands, combined will have nearly 4,000 locations in 10 countries. JAB is a $120 billion, family-owned Luxembourg-based consumer private equity firm that also owns major stakes in Keurig Dr. Pepper and beauty company Coty Inc.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: EquitiesFood & Beverage

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

USA

Reuters exclusively reports McDonald’s faces Italian antitrust probe into franchise terms

Business & Finance

Reuters exclusively reported that Italy’s antitrust authority AGCM will investigate McDonald’s terms and conditions in its agreements with franchise operators following several complaints. The AGCM move could put the U.S. fast-food chain at risk of a fine of as much as 10% of its global turnover if it is found guilty of breaching Italian antitrust rules.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: EquitiesFood & Beverage

Regions: Europe

Countries: Italy

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

USA

Reuters provides insight into how sustainable are sovereign wealth funds

Risks don’t come much longer term than climate change, so you might expect sovereign wealth funds (SWFs) to be all over it, as investment giants with decades in their sights. Yet, in an insightful report, Reuters detailed how the world’s biggest SWFs are making only patchy progress in adapting investment plans to account for environmental, social and governance factors, according to data on energy investments, an ESG analysis of the equity holdings of some of the funds, plus a survey of the players. Such data provide snapshots into the complex and often opaque world of sovereign funds, which collectively hold nearly $8 trillion in assets.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

USA

Reuters details Asian airlines offer perks to entice elite flyers

From wellness workshops to dinner with a celebrity chef and flights to nowhere, Reuters detailed how Asia’s big international airlines are working hard to keep their most lucrative customers engaged as the pandemic-related travel halt stretches beyond 18 months. Grounded elite members are not accessing airport lounges stocked with fine wines, made-to-order meals and day spas, although Qantas did host a dinner in Sydney for a few of them with celebrity chef Neil Perry and CEO Alan Joyce in June. Singapore Airlines, which lacks a domestic market, said it has hosted virtual wine tastings, wellness workshops and online courses such as miniature clay art and coffee-brewing and offered a first-class dine-at-home experience.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: EquitiesTravel & Leisure

Regions: Asia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story