SINGAPORE (Reuters) – Citigroup Inc said on Thursday that its board of directors will meet in Singapore for the first time since 2011 as a show of commitment to the city state. The meeting will[...]
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October 12, 2023
China bans new offshore brokerage accounts to prevent ‘bypassing’ of forex controls
By Selena Li and Summer Zhen HONG KONG (Reuters) -China has for the first time issued a notice prohibiting domestic brokerages and their overseas units from taking on new mainland clients for offshore[...]
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Exxon buying Pioneer will trigger $71 million in executive windfalls
By David French NEW YORK (Reuters) -Senior management at Pioneer Natural Resources will likely be out of a job once the company’s $60 billion sale to Exxon Mobil is completed, but the top brass[...]
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IEA, OPEC predictions of 2024 oil demand growth diverge further
By Alex Lawler and Natalie Grover LONDON (Reuters) – The gap between two leading oil forecasters’ views on 2024 demand growth widened on Thursday, with the International Energy Agency (IEA[...]
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Viasat says it will not replace satellite that malfunctioned
LONDON (Reuters) – Viasat said it expects to recover less than 10% of the planned throughput on ViaSat-3 F1, its satellite that malfunctioned during deployment in July, but it was confident it c[...]
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How stars aligned for Exxon’s $60 billion deal with Pioneer
By Sabrina Valle and David French HOUSTON/NEW YORK (Reuters) – Exxon Mobil Corp’s resurgence under CEO Darren Woods and the upcoming retirement of Pioneer Natural Resources CEO Scott Sheff[...]
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Instant View: Gas and shelter costs send US consumer prices higher in Sept
NEW YORK (Reuters) – U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market expectations that the F[...]
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Goldman Sachs seen headed to steep earnings drop as deal-making lags
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs appears headed to another set of weak quarterly earnings as deal-making lags and the bank retreats from a loss-making consumer business. Goldman[...]
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Biden to meet with Target, IBM and other CEOs
WASHINGTON (Reuters) – President Joe Biden will meet with the chief executives of several large companies on Thursday to get their perspective on the U.S. economy, a White House official said. T[...]
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