LAUNCESTON, Australia, June 26 (Reuters) – The extraordinary events in Russia this weekend made for dramatic headlines and the ramifications are likely far from over, but the immediate impact on global crude oil markets is likely to be limited. The upshot of the events over the past few days is that Russian President Vladimir Putin … [Read more…]
LAUNCESTON, Australia, June 19 (Reuters) – China added to crude oil stockpiles at the fastest rate in nearly three years in May, as robust imports outweighed near-record refinery processing. A total of 1.77 million barrels per day (bpd) was added to inventories in May, the most since July 2020 and reversing the small, and rare, … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/TNM4ZIROABNRXEUZRO7DSJJGXE.jpg "Exclusive: Manchester Utd negotiating exclusivity with Qatar’s Sheikh Jassim in billion-plus sale talks")
June 15 (Reuters) – English football club Manchester United (MANU.N) is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani in talks to sell itself for more than $6 billion, people familiar with the matter said on Thursday. While a deal remains uncertain, the development represents a major milestone in … [Read more…]
DUBAI, June 8 (Reuters) – Britain’s Kingsway Capital has started meetings with big tobacco firms as the private equity firm prepares to sell its stake in Dubai-based tobacco business Advanced Inhalation Rituals (AIR), two sources familiar with the matter told Reuters. Kingsway, the majority owner of AIR, has held talks with potential investors including British … [Read more…]
LAUNCESTON, Australia, June 6 (Reuters) – Having been surprised by Saudi Arabia announcing a unilateral 1 million barrels per day cut in oil output for July, oil refiners got more bad news when Saudi Aramco (2222.SE) informed Asian customers that prices for July-loading cargoes were going up. Prior to the decision to increase the official … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/55QM3DFP6NOKFEEEGOREQCKTGA.jpg "Senior US lawmaker wants change from Turkey before F-16 sale approval")
[1/2] F-16 aircrafts fly during a NATO media event at an airbase in Malbork, Poland, March 21, 2023. REUTERS/Lukasz Glowala WASHINGTON, May 30 (Reuters) – A senior U.S. senator who has long opposed the potential sale of F-16 fighter jets to Turkey said on Tuesday he wants Turkish President Tayyip Erdogan to take a “less … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/GCVIECBURBMSFLHQQKSKECGXE4.jpg "Investors in UAE hospital chain Aster eye 0 million India stake sale")
Aster investors eye selling 30% stake in India biz Company has appointed investment bank Moelis for the deal Talks come as investors attracted by India healthcare space MUMBAI, May 26 (Reuters) – Investors in Aster DM Healthcare (ATRD.NS) are in talks to sell a 30% stake in the company’s India business for about $300 million, … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/TEKYL336DFMYLBFJ3CTM2N4FR4.jpg "Standard Chartered CEO: Credit Suisse sale to UBS was ‘surprising’")
DOHA, May 23 (Reuters) – Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse (CSGN.S) to UBS (UBSG.S) was “surprising” given the “unusual” terms of the deal, which prioritised shareholders over bondholders. “The conclusion was very surprising to me, in terms of the way that the bank was resolved through this … [Read more…]