Financial

India's Reliance to buy Russian oil in roubles

FILE PHOTO: Labourers rest in front of an advertisement for Reliance Industries Limited at a construction site in Mumbai, India, March 2, 2016. REUTERS/Shailesh Andrade/File Photo

DealsEnergy

Reuters exclusively reported ^[1] that India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal with Russia’s Rosneft to buy at least 3 million barrels of oil a month in roubles.

Market Impact

Saudi Arabia plans Aramco share sale as soon as June

Energy

Reuters exclusively reported ^[1] that Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals.

Market Impact

The Saudi government remains overwhelmingly

Nvidia cuts China prices in Huawei chip fight

Technology

Reuters exclusively reported ^[1] that Nvidia’s most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a rival chip from Chinese tech giant Huawei.

Market Impact

Small islands join forces on debt relief ahead of climate talks

FILE PHOTO: Waves crash against the seawall as Hurricane Irma slammed across islands in the northern Caribbean on Wednesday, in Fajardo, Puerto Rico September 6, 2017. REUTERS/Alvin Baez/File Photo

Environment

Reuters exclusively reported ^[1] that the world’s small island states plan to join forces to push for debt relief and more climate investment ahead of this year’s COP29 climate summit, part of a 10-year strategy to help save some of them from

KKR wins EU approval for Telecom Italia deal

Deals

Reuters exclusively reported ^[1] that U.S. investment firm KKR was set to secure unconditional EU antitrust approval for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia’s (TIM) fixed-line network. The story was later confirmed by

Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad

Technology

Reuters exclusively reported ^[1] that Microsoft’s high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools – a move that a senior Republican congressman warned could

Emirati bank FAB in advanced talks to buy Turkey's Yapi Kredi

Business & FinanceDeals

Reuters reported ^[1] first Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in Istanbul-based lender Yapi Kredi for about $8 billion. Shares in Yapi Kredi soared 10% after the news

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India's Reliance to buy Russian oil in roubles

Market Impact

Saudi Arabia plans Aramco share sale as soon as June

Market Impact

Nvidia cuts China prices in Huawei chip fight

Market Impact

Small islands join forces on debt relief ahead of climate talks

KKR wins EU approval for Telecom Italia deal

Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad

Emirati bank FAB in advanced talks to buy Turkey's Yapi Kredi

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