By Humeyra Pamuk, Matt Spetalnick and Dave Graham LOS ANGELES (Reuters) -The Biden administration unveiled a new proposed U.S. economic partnership with Latin America on Wednesday as regional leaders gathered for a summit in Los Angeles whose agenda ha…
Private equity in talks with UK’s BMI for EV battery exposure
LONDON (Reuters) – Private equity funds are seeking a minority stake in information provider Benchmark Mineral Intelligence (BMI), aiming to gain exposure to the electric-vehicle battery supply chain, two sources with direct knowledge of the matter sai…
The pain after the gain: grocery deliverers reshuffle after lockdown boom
By Toby Sterling and Nadine Schimroszik AMSTERDAM (Reuters) – The grocery delivery industry that erupted in the depths of lockdown is facing a painful period of adjustment that investors say is likely to see only a handful of firms survive in each mark…
Barclays hires Rossman for activism defense from Lazard
BOSTON (Reuters) – Barclays Plc hired veteran Lazard banker Jim Rossman as its global head of shareholder advisory, people familiar with the matter said on Wednesday. The move comes as Barclays expands its mergers, acquisitions, activism and ESG adviso…
Germany introduces bill to accelerate wind power expansion
By Markus Wacket BERLIN (Reuters) -Germany’s economy and climate ministry on Wednesday presented a package of measures to speed up the expansion of onshore wind power generation as the country seeks to reduce its reliance on Russian fossil fuels. Germa…
Nigeria ruling party picks ex-governor of Lagos Tinubu to run for president
By MacDonald Dzirutwe ABUJA (Reuters) – Nigeria’s ruling party, the All Progressives Congress (APC), on Wednesday picked former Lagos State governor Bola Tinubu as its candidate to run for president in elections scheduled for February 2023. President M…
Polish central bank raises main interest rate to 6.00%
WARSAW (Reuters) – Poland’s central bank raised its main interest rate by 75 basis points to 6.00% on Wednesday, it said, delivering a hike in line with analysts’ estimates. A statement following the decision will be published at 1400 GMT. (Reporting b…
UK agrees plan for reforming governance of British Virgin Islands
LONDON (Reuters) – Britain on Wednesday said it had agreed a comprehensive plan to reform the governance of the British Virgin Islands without being ruled from London at this stage after an official report found systemic dishonesty in the British overs…
Oil jumps to 13-week high on rising U.S. gasoline demand
By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped over 2% to a 13-week high on Wednesday as U.S. demand for gasoline keeps rising despite record pump prices, while expectations that China’s oil demand will increase faced growing supply concerns i…
Saudia Arabia’s wealth fund takes 8% stake in gaming firm Embracer
STOCKHOLM (Reuters) – Saudi Arabia’s sovereign wealth fund is taking an 8.1% stake in gaming group Embracer via a direct share issue as part of a push into the games and esports industry. Sweden’s Embracer said in a statement it was issuing 99.9 millio…