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  • gnfb1234

    gnfb1234 5:28 AM on 04/12/2021 Permalink | Reply  

    Reuters ahead with key OPEC news; market reacts 


    Energy

    Reuters was first to report that OPEC and its allies (OPEC+) had agreed to increase oil output in January. Benchmark Brent oil prices fell $2 per barrel after the news, which ended uncertainty in the market over whether oil producers might halt their monthly supply increases due to concern about the impact of the new Omicron coronavirus variant on demand and a pending release of oil by the U.S. and other major consuming nations from strategic stocks. Earlier in the day, Reuters was alone in reporting that sentiment among ministers representing the world’s top oil producers was to increase production, rather than to hold it steady. Brent fell after that news by nearly $1 a barrel. The last meeting of the year for OPEC was significant, as the group was under pressure from the United States to raise production to help soften high gasoline prices, which have hurt the popularity of President Joe Biden.

    Market Impact

    Benchmark Brent oil fell on the news after both Reuters reports were published.

    Article Tags

    Topics of Interest: Energy

    Type: Reuters Best

    Sectors: Commodities & Energy

    Regions: Global

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Major Global Story



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  • gnfb1234

    gnfb1234 11:25 PM on 03/12/2021 Permalink | Reply  

     
  • gnfb1234

    gnfb1234 5:51 AM on 03/12/2021 Permalink | Reply  

    Reuters reveals Trump’s social media venture seeks to raise $1 billion; market reacts 


    Business & FinanceDealsTechnology

    Shares of Digital World Acquisition Corp rose as much as 22% after Reuters exclusively reported that the blank-check acquisition firm and former U.S. President Donald Trump’s social media venture were seeking to raise $1 billion for their deal. Trump Media & Technology Group, which has yet to roll out the social media app it says it is developing, already stands to receive $293 million if its deal to list in New York through a merger with blank-check firm Digital World Acquisition Corp is completed. The deal valued Trump Media at $875 million, including debt, and Trump Media is now seeking to raise up to an additional $1 billion at a valuation of close to $3 billion. It is the clearest indication yet that Trump and the Digital World dealmakers are seeking to capitalize on the market euphoria around their venture.

    Market Impact

    Shares of Digital World Acquisition Corp rose as much as 22% on the news.

    Article Tags

    Topics of Interest: Business & FinanceDealsTechnology

    Type: Reuters Best

    Sectors: Business & FinanceEquitiesTechnology

    Regions: North America

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Significant National Story



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  • gnfb1234

    gnfb1234 6:57 AM on 02/12/2021 Permalink | Reply  

    Indian fertilizer stocks surge after Reuters reveals gov’t subsidies plan 


    Business & FinanceEnergy

    Shares of Indian fertilizer companies surged after Reuters exclusively reported that the federal government plans to increase fertilizer subsidies to a record of more than 1.55 trillion rupees ($20.64 billion) in 2021-22. Global fertilizer prices have almost trebled over the past year due to record increases in the prices of coal and natural gas, the two main energy sources used to produce the crop nutrients, and new export restrictions by China and Russia. The Indian government provides financial support to companies that sell fertilizers at below-market rates.

    Market Impact

    Shares of fertilizer companies including Rashtriya Chemicals and Fertilizers Ltd, Chambal Fertilsers & Chemicals Ltd, National Fertilizers Ltd and Madras Fertilizers Ltd jumped between 5% and 9% on the news.

    Article Tags

    Topics of Interest: Business & FinanceEnergy

    Type: Reuters Best

    Sectors: Commodities & Energy

    Regions: AsiaEmerging Markets

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Significant National Story



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  • gnfb1234

    gnfb1234 11:21 AM on 30/11/2021 Permalink | Reply  

    Reuters exclusively reports Turkey’s BOTAS to tap cenbank forex and prop up lira 


    Business & FinanceEnergy

    Reuters reported exclusively that Turkey’s state energy company BOTAS is expected to turn to the central bank to help meet its growing need for hard currency and to support the lira as gas prices and demand climb during the peak consumption winter months. Reuters sources said that the government intends BOTAS to tap the central bank’s foreign reserves to help limit any further depreciation in Turkey’s currency, which has fallen to all-time lows beyond 10.5 to the dollar. And its need for hard currency is expected to remain high until March.

    Article Tags

    Topics of Interest: Business & FinanceEnergy

    Type: Reuters Best

    Sectors: Business & FinanceCommodities & EnergyEconomy & PolicyEquitiesFX & Fixed Income

    Regions: Europe / Middle East / Africa

    Countries: Turkey

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Important Regional Story



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  • gnfb1234

    gnfb1234 10:18 AM on 30/11/2021 Permalink | Reply  

    Reuters analysis details how latest ECB rate-hike pushback turns euro into falling knife 


    Business & Finance

    In an in-depth analysis, Reuters detailed how the European Central Bank’s latest comments on inflation have lobbed another grenade in the path of the euro. Already down over 7% to the dollar this year, the euro tumbled against every major currency after ECB President Christine Lagarde quashed money markets’ expectations of a 2022 interest rate rise earlier this week. Tightening policy now would only choke off economic recovery, she said. Her stance pits the euro against peers which are backed by policy-tightening expectations.

    Article Tags

    Topics of Interest: Business & Finance

    Type: Reuters Best

    Sectors: Business & FinanceEconomy & PolicyEquitiesFX & Fixed Income

    Regions: Europe

    Story Types: Special Report / Insight

    Media Types: Text

    Customer Impact: Important Regional Story



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  • gnfb1234

    gnfb1234 9:17 AM on 30/11/2021 Permalink | Reply  

    Reuters first to report Czech central bank rates can rise slower; market reacts 


    Business & Finance

    Reuters was first to report that the Czech National Bank is in a comfortable position with interest rates and it can tighten policy further at a more moderate pace, and possibly consider no rate hike at its December meeting, Governor Jiri Rusnok said last Thursday. The central bank stunned markets with a 125-basis-point rate hike at its latest policy meeting on Nov. 4, its biggest since 1997, which raised the key two-week repo rate to 2.75%, as the bank aims to prevent inflationary expectations from decoupling. Rusnok’s comments – which came after local market hours and just when the emergence of a new coronavirus variant started rattling world markets – caused a sharp repricing in rates when trading started the next day.

    Market Impact

    The crown currency lost 0.5% in after-market trading and another 0.7% in Friday morning trade.

    Article Tags

    Topics of Interest: Business & Finance

    Type: Reuters Best

    Sectors: FX & Fixed Income

    Regions: Europe

    Countries: Czech Republic

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Important Regional Story



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  • gnfb1234

    gnfb1234 4:53 AM on 23/11/2021 Permalink | Reply  

    Reuters reveals Visa expects to resolve fee row with Amazon; market reacts 


    Business & FinanceTechnology

    Reuters exclusively reported on Friday that credit card giant Visa expects to resolve its fee dispute with Amazon.com Inc in Britain and hopes to continue its co-branded credit card partnership with the e-commerce giant in the United States. In an interview with Reuters, Visa’s chief financial officer Vasant Prabhu said Amazon accounted for a relatively small slice of its revenues and that the company had resolved such disputes in the past.

    Market Impact

    Following the Reuters report, Visa’s shares briefly pared their losses, moving from 1.4% lower on the day to 0.5% lower. 

    Article Tags

    Topics of Interest: Business & FinanceTechnology

    Type: Reuters Best

    Sectors: Business & FinanceEquitiesFinancial ServicesTechnology

    Regions: EuropeNorth America

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Major Global Story



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  • gnfb1234

    gnfb1234 2:44 PM on 21/11/2021 Permalink | Reply  

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  • gnfb1234

    gnfb1234 7:57 AM on 20/11/2021 Permalink | Reply  

    Reuters reveals rating agencies say Biden’s spending plans will not add to inflationary pressure; Washington reacts 


    Business & FinancePolitics

    The inflationary impact of U.S. President Joe Biden’s $1.75 trillion dollar plan for expanding the nation’s social safety net and fighting climate change has been at the center of the political debate in Washington for weeks. In an exclusive report, analysts from leading rating agencies Fitch Ratings and Moody’s Investors Service told Reuters that Biden’s package will not add to inflationary pressures in the U.S. economy. Following the Reuters report, Biden’s chief of staff tweeted out the story, Senate Democratic leader Chuck Schumer cited it in remarks on the Senate floor, the White House highlighted it in a news release and Biden himself seized on the story as he kicked-off a speech on his agenda. Biden then tweeted it a day later.

    Article Tags

    Topics of Interest: Business & FinancePolitics

    Type: Reuters Best

    Sectors: Economy & Policy

    Regions: North America

    Countries: US

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Major Global StorySignificant National Story



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