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“If you have minerals or oil under the ground, how do you come up with a price for a long-term contract? The shift to renewable energy and electric vehicles has caused a spike in the demand for critical minerals, driving these kind of loans. Adesina, whose Abidjan, Ivory Coast-based institution helps finance development in African countries, said these arrangements come with a litany of problems. Photos You Should See View All 60 Images“These are the reasons I say Africa should put an end to natural resource-backed loans," Adesina said. After Chad, Angola and the Republic of Congo approached the IMF for support, the multilateral lender insisted on the renegotiation of their natural resource-backed loans.

Persons: Akinwumi Adesina, paydowns, Adesina, ” Adesina, Glencore, Trafigura, ”, Mao Ning Organizations: African Development Bank, Associated Press, International Monetary Fund, IMF, Chartered, China’s Ministry of Foreign Affairs, China Railway Group, Gecamines, Alliance for Green Infrastructure Locations: Lagos, NIGERIA, China, Congo, Nigeria, Abidjan, Ivory Coast, Africa, Chad, Angola, Republic of Congo, Guinea, Ghana, Beijing, Nigerian, AP.org

☆ Etihad Airways CEO says he would like to cut costs by $100-150 million each year
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad Airways CEO says he would like to cut costs by $100-150 million each yearEtihad Airways CEO Antonoaldo Neves tells CNBC's Dan Murphy that the airline saved more than $150 million in contract renegotiation and managed to block the effect of inflation in the cost lead sheet last year.

Persons: Antonoaldo Neves, CNBC's Dan Murphy Organizations: Etihad Airways, renegotiation

☆ Michelle Pfeiffer in negotiations to play female lead in new 'Yellowstone' spinoff opposite Matthew McConaughey: report
▼ + stars: | 2024-02-08 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMichelle Pfeiffer is in the final stage of negotiations to take on the female lead in the new as-yet-untitled "Yellowstone" sequel, according to Puck. Not much is known about the series, which was announced in May 2023 as an "expansion of the Yellowstone universe." At the time, he said that McConaughey "seems like a natural fit" to lead the "new chapter" of the Dutton saga. Reilly and Hauser have asked their per-episode salary to be upped to $1.2 million and $1.25 million, respectively, he stated, citing industry sources.

Persons: —, Michelle Pfeiffer, Puck, Matthew Belloni, Pfeiffer, Tim McGraw, Faith Hill, Helen Mirren, Harrison Ford, Matthew McConaughey's, Taylor Sheridan, Kevin Costner, Sheridan, Jonathan Bachman, McConaughey, Jon Linson, Dutton, Buddy, Kelly Reilly, Cole Hauser, Danno Nell, Luke Grimes, Belloni, Reilly, Hauser, Grimes, wasn't, Costner Organizations: Service, Marvel, Paramount, Paramount Global, Business, Hollywood, Paramount Network Locations: Sheridan

☆ Trudeau Meets to Rally Ministers, Lawmakers Around Key Issues as Reelection Support Sags
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

Conservative leader Pierre Poilievre would clobber Trudeau if an election were held today, according to an Angus Reid Institute poll published on Monday. Fewer than three-in-five (57%) of those who voted Liberal in 2021 say they would do so again, the pollster said. "This cabinet retreat is focused on issues as important as housing affordability and housing accessibility," Public Safety Minister Dominic LeBlanc told reporters late on Sunday. While president, Trump forced the renegotiation of the North American trade pact, a vital agreement for the Canadian economy. Last week, Trudeau said a second Trump presidency would be challenging and would reflect "a lot of anguish and fury."

Persons: Steve Scherer OTTAWA, Justin Trudeau, Pierre Poilievre, clobber Trudeau, Angus Reid, Marc Miller, Dominic LeBlanc, Anita Anand, Donald Trump, Trump, Francois, Philippe Champagne, We've, Champagne, Trudeau, Steve Scherer, Bill Berkrot Organizations: Canadian, Conservative, Angus, Angus Reid Institute, Liberal, Public, North, Industry, Trump Locations: Montreal, Ottawa, United States, North American, U.S, Canada

☆ Biden to wrap up four-day diplomatic summit by meeting Mexican president
▼ + stars: | 2023-11-17 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

Chinese President Xi Jinping waves as he walks with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 17 (Reuters) - U.S. President Joe Biden concludes a four-day diplomatic push with China as well as other Pacific nations on Friday in a final meeting with world leaders and a visit with Mexican President Andrés Manuel López Obrador. The worsening of trade relations between Washington and Mexico City comes even as their economic integration grows. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States. Reporting By Jeff Mason and Jarrett Renshaw; Editing by Scott Malone and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Xi, Joe Biden, Kevin Lamarque, Andrés Manuel López Obrador, Biden, Xi Jinping, Dina Boluarte, Donald Trump, Jeff Mason, Jarrett Renshaw, Scott Malone, Stephen Coates Organizations: U.S, Economic Cooperation, REUTERS, FRANCISCO, Obrador, Mexico City, Thomson Locations: Filoli, Asia, Woodside , California, U.S, China, Peru, Mexico, Washington, Canada, United States

Friday's early calls include an upgrade to a restaurant software stock and a big downgrade to a solar name. The bank downgraded Unity stock to neutral from outperform, also slashing its target price to $20 from $55. Analyst Doug Anmuth's updated price target of $510 could mean that there's still 17% room for the stock to go. Analyst Jonathan Block's price target of $70 signifies a 13% upside from the stock's Thursday closing price of $62.16. Koning has a price target of $18 per share, implying upside of nearly 30% over the next 12 months.

Persons: Baird, Tim Nollen, Lisa Kailai Han, Carlo Santarelli, — Lisa Kailai Han, JPMorgan downgrades, Drew Chamberlain, Doug Anmuth's, Anmuth, NFLX, Henry Schein, Jonathan, Freyr, BTIG, Gregory Lewis, FREY, Lewis, Stephens, Joshua Long . Long, Long, Portillo's, Mgmt, Chris Dendrinos, Dendrinos, Baird Baird, David Koning, Koning, — Fred Imbert, Julien Dumoulin, Smith, Fred Imbert Organizations: CNBC, Bank of America, Macquarie, Unity, Wynn Resorts, Deutsche Bank, JPMorgan, JPMorgan downgrades Enviva, Netflix, FR, European Union, RBC Capital, FTC Solar Bank of America, FTC Solar, FTC Locations: Macquarie, Unity, UAE, Boston, Norway, Portillo's, Thursday's

☆ Paxlovid contract renegotiation pushed Covid business over the edge, says BMO's Evan Seigerman
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaxlovid contract renegotiation pushed Covid business over the edge, says BMO's Evan SeigermanEvan Seigerman, BMO Capital Markets analyst, joins 'Closing Bell: Overtime' to discuss Pfizer and BioNTech cutting guidance amid Covid sales falling, the weight loss boom, and more.

Persons: renegotiation, BMO's Evan Seigerman Evan Seigerman Organizations: BMO Capital Markets, Pfizer

DES MOINES, Iowa (AP) — Former President Donald Trump heads to southeast Iowa Sunday in the middle of a fall campaign push aimed at locking in supporters with large organizing events. As he has with his other recent travels to the leadoff caucus state, Trump will campaign in an area that formerly supported Democrats but has embraced him. Trump was planning to headline an afternoon event in Ottumwa, where his campaign was expecting more than 1,000 potential supporters. The small city is a hub in eastern Iowa and the seat of Wapello County, one of 31 counties Trump carried in 2016 that Democrat Barack Obama had won four years earlier. Trump, the first Republican to capture the county since the Eisenhower administration, campaigned the week before in northeast Iowa.

Persons: Donald Trump, Trump, Barack Obama, Eisenhower, Democrat Joe Biden, Trump’s, Obama, Jonathan J, Cooper Organizations: DES, Trump, Republican, Democratic, Democrat, sparred, Associated Press Locations: DES MOINES, Iowa, Ottumwa, Wapello County, Jackson County, Mississippi, Dubuque County, Wapello, U.S, Canada, Mexico, California, Orange County, Southern California, Michigan, Macomb County , Michigan, Detroit, Macomb County, Anaheim , California

Melania Trump is reportedly renegotiating the terms of her prenuptial agreement with Donald Trump, per Page Six. Lawyers told Insider renegotiating may be smart amid the legal troubles Donald Trump faces. Representatives for Donald Trump and several acquaintances of Melania Trump did not immediately respond to Insider's requests for comment. Melania Trump has thus far removed herself from her husband's 2024 presidential campaign, forgoing public appearances alongside Donald Trump on both the trail and in court. AdvertisementAdvertisementRegardless of what happens come 2024, Melania Trump is wise to renegotiate the agreement now, Rahmani said.

Persons: Melania Trump, Donald Trump, —, Mary Jordan, Bill Beslow, Marla Maples, Beslow, Trump, Demi Moore, Nicole Kidman, Al Pacino, Linda Evangelista, Mia Farrow, Donald Trump's, Neama Rahmani, it's, Rahmani Organizations: Service, Washington Post, Republican, Trump Organization's New, Trump, West, Trial Locations: New York, Manhattan, Trump Organization's New York, York City

Mexico President Andres Manuel Lopez Obrador's steps to roll back reforms aimed at opening Mexico's power and oil markets to foreign competitors ultimately sparked the trade dispute. The steps add to a significant worsening of trade relations between Washington and Mexico City, even as their economic integration grows. Like the energy policies, Washington argues that banning GMO corn for human and animal consumption violates Mexico's obligations under the trade pact. The White House has hoped to avoid escalating energy trade tensions with Mexico as it sought help on immigration and drug trafficking, but talks that began last year have made little progress. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States.

Persons: Katherine Tai, Tatiana Clouthier, Trade Mary Ng, Joe Biden's, Andres Manuel Lopez Obrador's, USTR, Obrador, Biden, Donald Trump, Jarrett Renshaw, David Lawder, Stephen Eisenhammer, Tomasz Janowski Organizations: Trade, Small Business, Export, Washington, United States Trade Representative, United, Chevron, Marathon Petroleum, Comision Federal, Mexico, Ministry, U.S, North American Free Trade, Thomson Locations: Mexican, United States, Mexico, Canada, Mexico City, U.S, United States Mexico Canada, USMCA, Washington, China, Washington's

☆ The Bald Power of Sinead O’Connor
▼ + stars: | 2023-07-26 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +1 min

It was the bald head that became the avatar of a million dreamy rebellions; the shaved pate that bridged the gap between the angry and the sublime. It is almost impossible to think about Sinead O’Connor, the Irish singer whose death was reported on July 26, or her work, without thinking about her hair. Or lack of it. Even in the few periods when she grew her hair back, she was often referred to as the “formerly bald” Sinead O’Connor. And as such, she was an integral part of the renegotiation of old stereotypes of gender, sexuality, rebellion and liberation that is still going on today.

Persons: Sinead O’Connor, “, O’Connor, Martens, Pope Organizations: Irish, Ireland ” — Locations: Ireland

☆ Argentina delegation set to travel to US next week for IMF talks
▼ + stars: | 2023-07-07 | by ( Jorge Otaola | ) www.reuters.com time to read: +2 min

[1/2] A person walks by the Ministry of Economy building in Buenos Aires’ financial district, Argentina, July 4, 2022. REUTERS/Agustin Marcarian/File PhotoBUENOS AIRES, July 7 (Reuters) - The Argentine government will send a delegation next week to Washington in a bid to finalize the renegotiation of its $44 billion loan with the International Monetary Fund (IMF), a source involved in the talks told Reuters on Friday. The delegation had initially planned to travel as early as June. "The negotiation is fine, next week our team will be there (in Washington) all week. The government also this week postponed its $2.6 billion loan repayments for July until the end of the month, which include $1.3 billion that were due Friday.

Persons: Agustin Marcarian, Jorge Otaola, Rodrigo Campos, Eliana Raszewski, David Gregorio, Rosalba O'Brien Organizations: Ministry, REUTERS, International Monetary Fund, Reuters, Grupo SBS, ., Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Argentine, Washington, America, New York

☆ Explainer: Why is UK food inflation so stubbornly high?
▼ + stars: | 2023-06-16 | by ( James Davey | ) www.reuters.com time to read: +4 min

While market leader Tesco (TSCO.L) said on Friday there were "encouraging early signs" that food inflation was starting to ease across the market, it remains stubbornly high, running at over 19% in April, according to the most recent official data. Below are possible reasons why:NOT ALL COMMODITY PRICES ARE FALLINGSome global commodity prices have fallen enabling supermarkets to pass on reductions in areas such as milk, bread, butter, pasta and oils. Generally speaking, food retailers and their suppliers operate with long-term contracts. Having eventually secured better prices, suppliers are reluctant to give up those hard won gains. Some politicians and trade unions have raised concerns about profiteering by food retailers, saying they have kept prices high despite falls in commodity, energy and shipping costs.

Persons: Andrew Bailey, reassurances, Ken Murphy, Andrew Opie, Tesco's Murphy, James Davey, David Evans Organizations: Bank of England, Tesco, Food and Agriculture Organization, United Nations, British Retail Consortium, THE, Reuters, Brexit, London School of Economics, Supermarkets, Markets Authority, Thomson Locations: Britain, China, Japan, BREXIT, London, Brussels

☆ Lionel Messi: What next for arguably the greatest player in history?
▼ + stars: | 2023-05-30 | by ( Ben Church | ) edition.cnn.com time to read: +12 min

CNN —After helping Paris Saint-Germain win its 11th Ligue 1 title at the weekend, Lionel Messi has some thinking to do. While Messi struggled with injury during his first season in Paris, he still managed to show flashes of his brilliance. Earlier this year, Messi’s long-term rival Cristiano Ronaldo moved to Saudi club Al Nassr for an eye-watering sum of money, perhaps paving the way for other superstars to follow suit. “I think money is always a factor in human decision making,” Mora y Araujo said, amid reports Saudi club Al Hilal was targeting Messi’s signature. Despite an array of world class talent, PSG has failed to win the Champions League with Messi.

☆ FC Barcelona: How Xavi's defensive revolution brought La Liga title back to Catalunya
▼ + stars: | 2023-05-15 | by ( Matias Grez | ) edition.cnn.com time to read: +11 min

Such has been the Blaugrana’s dominance this season, Xavi’s side clinched the trophy with four games still remaining and his iteration will undoubtedly go down as one of the greatest defensive teams in La Liga history. With only 13 goals conceded so far this season, Xavi’s Barcelona is set to obliterate that record. “Not only for me, but for the club and for all Barcelona fans it’s very important to win La Liga,” Barça striker Robert Lewandowski told CNN Sport ahead of the match against Espanyol. I think the first round [of fixtures] was very important, we proved that we can think about winning La Liga. Barcelona fans celebrate Sunday's La Liga success -- the club's first league title since the 2018-19 season.

☆ U.S. negotiator says Biden would be warmly welcomed in Pacific
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, April 28 (Reuters) - The United States needs to accelerate diplomatic "catch up" with the Pacific island region in the face of Chinese competition, a U.S. diplomat said on Friday, adding that he was sure President Joe Biden would be warmly welcomed there if he decided to visit. "Obviously for the Pacific, I am sure they would welcome President Biden, if he were to go there," Yun told the Hudson Institute. A Pacific islands source told Reuters that Biden was also expected to meet with more than a dozen Pacific islands leaders, but the White House National Security Council has not responded to request for comment on the plans. Yun said the level of Chinese coercion in the region that is crucial to U.S. national security, but that had been neglected by the United States, is concerning. "So now we're playing ... a little bit of catch up, I would say, and but you know, we need to accelerate our catch up."

☆ Europe cannot turn its back on China, Spanish minister says
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

MADRID, April 11 (Reuters) - Europe cannot ignore China's role as a key trading partner and important geopolitical player that could help put an end to the war in Ukraine, or provide debt relief for low-income countries, Spanish Economy Minister Nadia Calvino said on Tuesday. "We need to use the time to reinforce our common safety net protecting most vulnerable countries ... and here again we cannot just ignore China. Top officials from China will make their first in-person attendance at the Washington meetings in three years. Calvino said she hoped to deliver good news on debt relief to these countries later this year. Reporting by David Latona and Belen Carreno; Editing by Andrei Khalip and David HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Some TD shareholders urge bank to ditch or renegotiate First Horizon deal
▼ + stars: | 2023-04-04 | by ( Maiya Keidan | ) www.reuters.com time to read: +3 min

Regional lenders in the U.S. face a crisis of confidence after the collapse of Silicon Valley Bank and Signature Bank last month. First Horizon shares are trading almost 30% below TD's offer price of $25 each, which points to the high risk to the deal closing. TD offered a 37% premium to buy First Horizon more than a year ago in a deal that would make TD the sixth-largest U.S. bank, operating in 22 states. Even the shareholders who support TD going ahead with the deal say it should not pay the original price proposed. A First Horizon top-20 shareholder told Reuters he expects the deal to be extended with no other changes.

Endeavor and WWE did not immediately respond to requests for comment on Sunday. The deal could be announced as early as this week, the sources said. Endeavor shareholders will own 51% of the combined company, while WWE shareholders would get 49%, the sources said. Endeavor is led by Hollywood power broker Ari Emanuel, who earlier this month declined to answer questions about a possible deal. In January, WWE said it would explore strategic options that could include a sale, shortly after Vince McMahon's return to the company.

☆ Northern Ireland's Orange Order says new Brexit deal needs improvement
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +3 min

However, it does not resolve the fundamental concerns," the Orange Order said in a statement on Tuesday. The Windsor Framework continues to treat Northern Ireland as a place apart within the United Kingdom and equal citizenship has not been restored." The statement said the Orange Order would not endorse the deal without "substantial and tangible progress which resolves these fundamental issues". As part of Brexit, Northern Ireland effectively remained in the bloc's single market to avoid a hard border with EU-member Ireland. Business groups have overwhelmingly supported the Windsor Framework, seeing it as removing damaging uncertainties over trading relationships.

☆ Brazilian securities watchdog launches new probes into Americanas accounting fiasco
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, March 17 (Reuters) - Brazilian securities watchdog CVM said on Friday it has launched two new probes into retailer Americanas SA's (AMER3.SA) accounting scandal and the firm's reorganization process. CVM said it launched an administrative proceeding to analyze "failures to disclose relevant information by (Americanas) regarding proposals for capitalization and the renegotiation of debts with creditors and the assessment of the sale of assets." Americanas entered bankruptcy protection in January shortly after disclosing accounting inconsistencies worth 20 billion reais ($3.78 billion) and overall debt of more than $8 billion. Earlier this month, the retailer said it had offered a capital injection to its creditors of 10 billion reais ($1.93 billion) which would come from top shareholders. The launch of the probes comes a day after Americanas' former CEO Miguel Gutierrez testified before CVM.

The fortunes of MLB players are tied to team revenues, and players are closely watching any changes to sports TV. Two of the largest regional sports broadcasters in the U.S. are on the verge of unraveling, an event that is expected to alter how professional teams are funded and how fans tune in to the games. Diamond Sports Group LLC , which carries the games of more than 40 major sports teams across the country on its Bally Sports-branded networks, is expected to file for bankruptcy in coming weeks, which people involved expect to lead to a renegotiation of rights fees—a significant part of teams’ revenue.

☆ Brazil's Finance Ministry has finalized proposal for new fiscal framework, says Haddad
▼ + stars: | 2023-03-06 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

FILE PHOTO: Brazil's Finance Minister Fernando Haddad speaks during a news conference in Brasilia, Brazil February 28, 2023. REUTERS/Adriano MachadoBRASILIA (Reuters) - Brazilian Finance Minister Fernando Haddad said on Monday that his ministry has finalized its contribution to the design of the country’s new fiscal framework, but highlighted that other ministries will still evaluate it before the president. “We have finalized the design of the fiscal framework internally and now I will discuss it with the economic team before presenting it to President Luiz Inacio Lula da Silva, because it cannot be a Finance Ministry proposal,” Haddad told journalists at the ministry. Haddad also stated that Lula has commissioned the development of a system behind the so-called Desenrola program, aimed at refinancing consumer debt with government guarantees. According to Haddad, the program’s guarantee fund will have about 10 billion reais ($1.9 billion), an amount that will be sufficient to renegotiate 50 billion reais in debt from 37 million individuals.

While the UK as a whole voted to leave the EU in the 2016 Brexit referendum, Northern Ireland voted 56% to 44% to remain. But if there is no agreement unionists can support, Northern Ireland will continue to have no functioning political institutions, he said, "and I don't think that is an outcome that anybody really wants". "If the choice is Sinn Fein rule or even imperfect British rule I would certainly take British rule before I would take Sinn Fein rule," said TUV leader Jim Allister. Completing the intense pressure Donaldson is under from all sides as the defining moment of his leadership nears is the more liberal Ulster Unionist Party, ready to cast itself as the unionist party of pragmatism if the DUP's boycott escalates. What will ultimately protect Northern Ireland's place in the United Kingdom is if Northern Ireland works."

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