Luis Salazar

Business & Finance 20 August 2024, 8:33 pm 1 minute Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments. Through the partnership, State Street, which provides crypto fund administration […]

Business & FinanceEconomy 19 August 2024, 8:25 pm 1 minute Reuters exclusively reported that Japan’s national and Tokyo governments are seeking a 700 billion yen ($4.7 billion) valuation for Tokyo Metro as they prepare to list the subway operator as early as October-end, in what would be the nation’s biggest IPO in roughly six years. The

Commodities 14 August 2024, 11:02 pm 1 minute Reuters was first to report that workers at BHP’s Escondida copper mine in Chile, the world’s largest, would go on strike after failing to reach an agreement with the company.  The stoppage has potential to have a lasting impact, reminiscent of the last major Escondida walkout in

Business & Finance 14 August 2024, 8:15 pm 1 minute Reuters was first to report that billionaire investor William Ackman built new stakes in sportswear company Nike during the second quarter. A regulatory filing reviewed by Reuters showed that Ackman’s hedge fund Pershing Square Capital Management owned roughly 3 million shares of Nike, amounting to

Business & Finance 09 August 2024, 10:57 pm 1 minute Reuters exclusively reported that China’s securities regulator has ordered some brokerages to inspect their bond trading activities as authorities seek to rein in frenzied buying of Chinese government bonds. The brokerages, all of which are domestic, have been told to conduct compliance checks on all

Reuters was first to report that a meeting of top OPEC+ ministers kept oil output policy unchanged including a plan to start unwinding output cuts from October. The oil producing group took the decision despite sharp oil price falls in recent weeks amid global demand concerns. Brent crude futures fell on the news settling down

Business & Finance 24 July 2024, 9:31 am 1 minute Reuters exclusively reported that Lineage, the world’s largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year. Lineage priced just under 57 million shares in New York at $78

Business & FinanceDeals 24 July 2024, 7:44 am 1 minute Reuters exclusively reported that the United States and Vietnam are discussing the sale of Lockheed Martin C-130 Hercules military transport planes to Hanoi, in a sign of closer security cooperation between the two former foes. Market Impact The discussions show the United States’ growing efforts to gain

Business & Finance 23 July 2024, 9:11 am 1 minute Reuters exclusively reported that Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth to take more aggressive steps to monitor its suppliers’ treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior. Market

Business & Finance 17 July 2024, 1:57 pm 1 minute Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators’ scrutiny of PwC this year for its role as