Updated

Sackler family says billions collected from Purdue not abuse of bankruptcy law

6 Dec 2021

By Maria Chutchian (Reuters) -Members of the Sackler family on Monday said billions of dollars they collected from Purdue Pharma before the company filed for Chapter 11 was the result of extra cash, not part of a “secret plan” to abuse the bankruptcy system. In court papers, lawyers for the Sackler family members, who controlled …

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Dollar up against safe havens as risk sentiment improves on Omicron news

6 Dec 2021

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged higher against safe-haven currencies such as the yen and Swiss franc after reassuring news on the Omicron COVID-19 variant, while units like the Australian dollar that had weakened in recent weeks on growth worries also advanced. U.S. Treasury yields rose and stocks gained after news …

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BlackRock, Saudi asset manager Hassana sign deal for Aramco’s gas pipelines

6 Dec 2021

By Saeed Azhar DUBAI (Reuters) -Saudi Aramco said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co. Gulf oil producers are looking at sales of stakes in energy assets and raising cash through long-term leases, capitalising …

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Brazil eyes $1.17 trillion halal food market, keen to boost its share in trade

6 Dec 2021

By Ana Mano SAO PAULO (Reuters) -Brazil, the world’s largest exporter of foodstuffs like coffee and soybeans, is keen to increase farm product exports to Islamic countries, said Flavio Bettarello, deputy trade secretary at the Agriculture Ministry. Speaking at a business conference in Sao Paulo on Monday, Bettarello said Brazil is in talks with Indonesia, …

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At outbreak epicentre, S. African students shrug off Omicron and fret about exams

6 Dec 2021

By Tim Cocks PRETORIA (Reuters) – The students knew their South African university was the epicentre of a new COVID-19 variant spreading panic across the globe, but over the past week many worried more about how Omicron would mess up exams and holiday plans than about catching it. At the Tshwane University of Technology (TUT), …

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Biden and Putin head into Ukraine talks with scant room for compromise

6 Dec 2021

By Tom Balmforth and Trevor Hunnicutt MOSCOW/WASHINGTON (Reuters) -Presidents Joe Biden and Vladimir Putin have a chasm of mutual distrust to bridge when they hold a virtual meeting on Tuesday in the shadow of what the United States believes is a threatened Russian invasion of Ukraine. “A lamentable state,” was how the Kremlin described relations …

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Volkswagen’s Diess to remain CEO, but with fewer powers – sources

6 Dec 2021

By Jan Schwartz HAMBURG (Reuters) -Volkswagen CEO Herbert Diess will likely stay on to lead Europe’s largest carmaker as part of a solution that will see him cede some responsibilities following a clash with labour leaders, two people familiar with the matter said. The solution would potentially end the carmaker’s latest leadership tussle, which has …

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