Reuters exclusively reported that Chevron Corp’s (CVX.N) renewed oil operations in Venezuela will enter a new phase next month, boosting production with the goal of accelerating recovery of the $3 billion debt owed by the end of 2025. The post Chevron aims to boost Venezuela oil output to accelerate debt recovery appeared first on Reuters...
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May 26, 2023May 26, 2023Technology
US government may delay decision on electric vehicles biofuel program
Sources exclusively revealed to Reuters that the U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan. The post US government may delay decision on electric vehicles biofuel program appeared first on Reuters News Agency.
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May 26, 2023May 26, 2023Finance
Turkey defers $600 million Russian energy payment under deal
Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow. The post Turkey defers $600 million Russian energy payment under deal appeared first on Reuters News...
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May 26, 2023May 26, 2023Technology
Microsoft offers to charge for Teams to address EU antitrust concerns
Reuters exclusively reported that Microsoft is offering to charge more for its Office product when bundled with its messaging app Teams (versus Office without Teams) in an attempt to stave off an EU antitrust investigation. Microsoft was hit with more than 2.2 billion euros in EU antitrust fines in the previous decade for various antitrust...
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May 26, 2023May 26, 2023Technology
SoftBank’s Arm registers for blockbuster U.S. IPO
Reuters was first to report that SoftBank Group Corp’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, setting the stage for this year’s largest initial public offering. While SoftBank had said in March it planned to list Arm in the U.S. stock market, the company’s IPO registration shows...
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May 26, 2023May 26, 2023Finance
India, China propose ‘multiple pathways’ on cutting use of fossil fuels
Government officials exclusively revealed to Reuters that India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels. The post India, China propose ‘multiple pathways’ on cutting use of fossil...
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May 26, 2023May 26, 2023Technology
EU tweaks draft patent rules making it easier for patent holders to sue
Reuters exclusively revealed that the European Commission has updated draft patent rules to make it easier for patent holders to sue companies over royalty disputes in hopes that the move will end costly legal spats over patents essential to key technologies for telecoms equipment, mobile phones, computers, connected cars and smart devices. The post EU...
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May 26, 2023May 26, 2023Finance
Mexican officials at oil regulator who rejected Pemex plans were pressured to quit
Reuters exclusively revealed that Rogelio Hernandez had been pressured by President Andres Manuel Lopez Obrador’s government and Pemex to approve plans for the Quesqui field in Tabasco or resign as the head of the National Hydrocarbons Commission (CNH). The post Mexican officials at oil regulator who rejected Pemex plans were pressured to quit appeared first...
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Angola’s next debt issuance to be ESG bond, but not in 2023
Angola’s finance minister exclusively shared with Reuters that their next sovereign debt issuance will be an ESG bond of up to $1 billion; however, they are not looking to tap the market this year. The post <strong>Angola’s next debt issuance to be ESG bond, but not in 2023</strong> appeared first on Reuters News Agency.
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May 26, 2023May 26, 2023Technology
China expected to lower fine on Ant Group to about $700 million
Reuters exclusively revealed that Chinese regulators are expected to downgrade charges against Ant Group and fine them approximately $728 million – significantly less than the $1 billion initially planned. The post <strong>China expected to lower fine on Ant Group to about $700 million</strong> appeared first on Reuters News Agency.