Exclusive: Exxon revives sale of stake in giant Azeri oilfield

LONDON (Reuters) – Exxon Mobil (XOM.N) has relaunched the sale of its stake in Azerbaijan’s largest oilfield, the company said on Tuesday, as banking and industry sources said the move was drawing interest from large Asian oil and gas companies seeking to capitalize on the recent collapse in oil prices. Continue Reading

Exclusive: Thai Airways to seek $1.8 billion emergency loan to navigate virus impact – document

BANGKOK (Reuters) – Thai Airways International PCL (THAI.BK) plans to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing the plan. Empty lines are seen at Thai Airways counters in Suvarnabhumi Continue Reading

Exclusive: Amazon deploys thermal cameras at warehouses to scan for fevers faster

(Reuters) – Amazon.com Inc has started to use thermal cameras at its warehouses to speed up screening for feverish workers who could be infected with the coronavirus, employees told Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Continue Reading

Exclusive: EU industry chief to dismiss fears strict security rules could delay 5G

PARIS (Reuters) – European industrial policy chief Thierry Breton is set to dismiss claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei. FILE PHOTO: A logo of the Continue Reading

Exclusive: Impossible Foods abandons pursuit of McDonald’s burger deal

SAN FRANCISCO/NEW YORK (Reuters) – Impossible Foods is no longer trying to win a coveted deal to supply McDonald’s Corp (MCD.N) with plant-based burgers, telling Reuters it cannot produce enough of its imitation meat to partner with the world’s No.1 fast-food chain. FILE PHOTO: A McDonald’s “PLT” burger with a Continue Reading

Exclusive: Hedge fund D.E. Shaw to push for break-up of Emerson – sources

FILE PHOTO: A worker assembles an industrial valve at Emerson Electric Co’s factory in Marshalltown, Iowa, U.S., July 26, 2018. REUTERS/Timothy Aeppel/File Photo (Reuters) – Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co (EMR.N) and is planning to push for changes, including a potential Continue Reading

Your exclusive MarTech agenda sneak peek

Over the past few weeks, senior-level marketers like you have told us the workplace challenges and pain points they’ve faced… and the creative and practical solutions they’ve devised to overcome them. Those journeys are the foundation of the newly redesigned MarTech® agenda. Marketing experts of all stripes will tackle some of Continue Reading

Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan

SAO PAULO (Reuters) – U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters. FILE PHOTO: An Airbus A318-100 airplane of Continue Reading

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

(Corrects title in 17th paragraph of this May 17 story to say “Chief Financial Officer” Meng Wanzhou, not “Chief Executive Officer”.) By Karen Freifeld (Reuters) – The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it Continue Reading

Exclusive: Advent readies new $2.2 billion Latam private equity fund – sources

SAO PAULO (Reuters) – U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters. The fund launched in coming days will be Advent’s seventh for Latin America and its largest Continue Reading