Financial

ByteDance prefers TikTok shutdown in US if legal options fail

FILE PHOTO: U.S. flag and TikTok logos are seen in this illustration taken, April 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Technology

Reuters exclusively reported^[1] that TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S.

Google parent announces first-ever dividend; beats on sales, profit; shares soar

Technology

Reuters was first to report^[1] on Google-parent Alphabet declaring its first ever quarterly dividend and announcing a massive $70 billion buyback which sent its shares to a record high when markets opened the next day.

Market Impact

Alphabet’s

Russia does not rule out LNG exports stagnating in next 4 years

FILE PHOTO: The Nikolay Yevgenov, a ship carrying Russian liquefied natural gas (LNG), is seen next to the terminal of Spanish gas grid operator Enagas ENAG.MC at the port of Barcelona, Spain, June 4, 2022. REUTERS/Nacho Doce/File Photo

CommoditiesEnergy

Reuters exclusively reported ^[1] that Russia’s liquefied natural gas exports could stagnate in the next four years under the two less-rosy of three Economy Ministry scenarios – a sign that Western sanctions might be cramping Moscow’s

Venezuela to accelerate cryptocurrency shift as oil sanctions return

FILE PHOTO: An oil tanker is seen on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo

Energy

Reuters exclusively reported ^[1] that Venezuela’s state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country.

Market Impact

PDVSA since last year had been slowly

Ecuador examining new Amazon and Ocean linked debt-for-nature swaps

FILE PHOTO: A view of the Amazon rainforest at Yasuni National Park in the Pastaza province, in Ecuador, July 29, 2023. REUTERS/Karen Toro/File Photo

Energy

Reuters exclusively reported ^[1] that Ecuador is scoping out new debt-for-nature swaps, one to funnel funds into the Amazon rainforest and another for a giant ocean protection zone backed by Hollywood star Leonardo DiCaprio.

Market Impact

PDVSA since

UAE giant eyes majority stake in Vedanta's Zambian mines in expansion drive

FILE PHOTO: Konkola Copper Mines PLC workers wait in a lift before going to work underground in Konkola, April 12, 2005. REUTERS/Stringer/File Photo

Business & Finance

Reuters exclusively reported ^[1] that the mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake in Vedanta Resources’ Zambian copper assets in its drive to build an African copper mining

India's Ola Cabs plans $500 mln IPO, to appoint banks soon

FILE PHOTO: Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider, poses in front of an Ola cab in Mumbai March 3, 2015. REUTERS/Shailesh Andrade/File Photo

Deals

Reuters exclusively reported ^[1] that Indian ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion.

Market Impact

This is Ola’s second attempt at an IPO, after a 2021

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ByteDance prefers TikTok shutdown in US if legal options fail

Google parent announces first-ever dividend; beats on sales, profit; shares soar

Market Impact

Russia does not rule out LNG exports stagnating in next 4 years

Venezuela to accelerate cryptocurrency shift as oil sanctions return

Market Impact

Ecuador examining new Amazon and Ocean linked debt-for-nature swaps

Market Impact

UAE giant eyes majority stake in Vedanta's Zambian mines in expansion drive

India's Ola Cabs plans $500 mln IPO, to appoint banks soon

Market Impact

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