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Reuters reveals Credit Suisse talks with investors; shares drop to new low

by DailyBriefers
written by DailyBriefers

Business & Finance

23 September 2022, 7:32 pm. 1 minute

By Reuters News Agency

Reuters exclusively revealed that Credit Suisse is sounding out investors for fresh cash, approaching them for the fourth time in around seven years as it attempts a radical overhaul of its investment bank. The investment bank is also evaluating various scenarios, including the most drastic option of largely exiting the U.S. market. Credit Suisse shares fell by more than ten percent to their lowest level on record after Reuters revealed the news. 

Market Impact

Credit Suisse shares fell by more than ten percent to their lowest level on record after Reuters revealed the news.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: North America

Countries: US

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

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Reuters reveals Turkish interest rate cut; lira falls to an all-time low

by DailyBriefers
written by DailyBriefers

Economy

22 September 2022, 7:37 pm. 1 minute

By Reuters News Agency
Reuters was first to report Turkey’s central bank cut its policy rate by 100 basis points today, even as inflation rose above 80%, and as central banks globally race in the opposite direction and tighten policy. The Turkish lira sank to a record low of 18.42 versus the dollar after the move.

Market Impact

The Turkish lira sank to a record low of 18.42 versus the dollar after the move.

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Middle East

Countries: Turkey

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

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Reuters reveals Turkey sells battle-tested drones to UAE as regional rivals mend ties

by DailyBriefers
written by DailyBriefers

Business & Finance

21 September 2022, 7:46 pm. 1 minute

By Reuters News Agency

Reuters exclusively reported Turkish defence firm Baykar has delivered 20 armed drones to the United Arab Emirates this month and could sell more, as a diplomatic detente between the former regional rivals expands into military contracts.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Middle East

Countries: TurkeyUAE

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

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Reuters reveals PepsiCo ends Pepsi, 7UP production in Russia months after promising halt over Ukraine

by DailyBriefers
written by DailyBriefers

Business & Finance

20 September 2022, 7:58 pm. 1 minute

By Reuters News Agency

Reuters exclusively reported PepsiCo has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Europe

Countries: Russia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

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Reuters reveals German utilities close to long-term LNG deals with Qatar

by DailyBriefers
written by DailyBriefers

Energy

19 September 2022, 7:40 pm. 1 minute

By Reuters News Agency
Reuters was first to report German utilities RWE and Uniper are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar’s North Field Expansion project to help replace Russian gas. Talks between Germany and Qatar have been fraught with differences over key conditions such as the length of contracts and pricing, but industry sources say the parties are expected to reach a compromise soon.

Article Tags

Topics of Interest: Energy

Type: Reuters Best

Sectors: Equities

Regions: Europe / Middle East / Africa

Countries: GermanyQatar

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

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Reuters exclusively reveals Volkswagen targets 70-75 bln eur valuation in planned Porsche IPO

by DailyBriefers
written by DailyBriefers

Reuters was first to report the hotly anticipated pricing range of the planned initial public offering (IPO) of Porsche, the luxury sportscar maker that parent company Volkswagen is planning to list on the Frankfurt stock exchange. The targeted pricing of the preferred shares of Porsche translates into a valuation of up to 75 billion euros, below the upper end of market estimates. Volkswagen confirmed the IPO pricing of 76.50-82.50 euros per preferred share around two hours later after Reuters revealed the news, continuing Reuters’ agenda-setting coverage of what could become Europe’s third-largest IPO on record.

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Reuters reveals EDF contractors relax radiation exposure limits to speed up reactor repairs

by DailyBriefers
written by DailyBriefers

Energy

16 September 2022, 8:02 pm. 1 minute

By Reuters News Agency

Reuters was first to report some contractors helping French power giant EDF to inspect and repair its corrosion-hit nuclear reactors are planning to relax their rules on radiation exposure limits so that their workers can spend more time on the job. EDF, which is rushing to get its fleet of nuclear power stations ready for the winter, said the new threshold was in line with its own standards and remained well below French legal limits.

Article Tags

Topics of Interest: Energy

Type: Reuters Best

Sectors: Equities

Regions: Europe

Countries: France

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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Reuters reveals Citigroup submits multiyear plan to address Fed concerns

by DailyBriefers
written by DailyBriefers

Business & Finance

16 September 2022, 7:57 pm. 1 minute

By Reuters News Agency
Reuters exclusively revealed that Citigroup has submitted a comprehensive multiyear plan to the Federal Reserve and the Office of the Comptroller of the Currency outlining steps to fix weaknesses in its risk management and internal controls. Sources said the plan aims to address a 2020 directive from the Fed demanding that the bank correct several “longstanding deficiencies” in its internal controls.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: North America

Countries: US

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

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Reuters reveals Delta Air Lines readies refinery to process biofuels

by DailyBriefers
written by DailyBriefers

Reuters exclusively revealed that Delta Air Lines plans to start receiving shipments of renewable fuel feedstocks at its Trainer, Pennsylvania, refinery as part of a strategy that could reduce its environmental liabilities by hundreds of millions of dollars. Sources said the refinery is expected to start importing agricultural products such as soybean oil, which can be used to make a biomass-based diesel that satisfies federal blending requirements.

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