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By Nate Raymond (NS:) and Mike Spector BOSTON (Reuters) – McKinsey & Co is in the final stages of negotiating a deferred prosecution agreement to resolve a U.S. criminal investigation into the consulting firm’s work helping opioid manufacturers boost sales that allegedly contributed to a deadly addiction epidemic, people familiar…
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana is clamping down on private pension fund managers who want to invest in offshore assets on concerns it could worsen pressure on its cedi currency, three industry sources told Reuters. After pension reforms in 2010, workers’ retirement contributions in the world’s number…
By Xie Yu and Clare Jim HONG KONG (Reuters) -China’s Country Garden (HK:) submitted the preliminary terms of an offshore debt restructuring proposal to some creditors late last month, said five sources familiar with the matter, as the struggling property developer tries to avoid liquidation. The proposal includes a revised…
By Jason Hovet, Thomas Escritt and Dmitry Zhdannikov BERLIN/PRAGUE/LONDON (Reuters) – Russian gas flows to Austria were suspended for a second day on Sunday because of a pricing dispute but other buyers in Europe stepped in to snap up unsold volumes, companies and sources said and data showed. Russia, which…
HONG KONG/SHANGHAI (Reuters) -Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo (OTC:) Cars, two sources with direct knowledge of the plans said. It’s the first big restructuring move in a sweeping overhaul planned by Geely Holding, the…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – Members of President-elect Donald Trump’s transition team are drawing up a list of military officers to be fired, potentially to include the Joint Chiefs of Staff, two sources said, in what would be an unprecedented shakeup at the Pentagon. The planning…
By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) – Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global sporting events over the next decade as rising costs weigh, three sources told Reuters a day after the sudden…
By Trixie Yap, Florence Tan and Chen Aizhu SINGAPORE (Reuters) – Glencore (OTC:) and Chandra Asri, gearing up to complete their takeover of Shell (LON:)’s landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant’s outgoing owner, sources familiar with…
By Oliver Hirt, John O’Donnell, Stefania Spezzati and Dave Graham ZURICH/FRANKFURT/LONDON (Reuters) -The United States is pursuing an inquiry into Russian clients that UBS took on when it bought Credit Suisse, three people familiar with the matter said, heightening scrutiny of one of the world’s biggest wealth managers. The U.S.…
By Asif Shahzad ISLAMABAD (Reuters) – Beijing is pushing Pakistan to allow its own security staff to provide protection to thousands of Chinese citizens working in the South Asian nation, during talks after a car bombing in Karachi that was seen as a major security breach, sources said. Last month’s…
