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Santander's bet on Britain with TSB deal shows banks' need for scale
By Jesús Aguado, Andres Gonzalez and Amy-Jo Crowley MADRID/LONDON, July 3 (Reuters) - Santander's SAN.MC plan to buy TSB for 2.65 billion pounds ($3.61 billion) and boost its position in the UK came together only a few weeks ago, after the Spanish bank had been considering a possible exit fro...Reuters
a minute ago
Ardonagh builds footprint in Asia with stake in HK-based Apex
By Ryan HewlettJuly 3 - (The Insurer) – The Ardonagh Group has continued the build-out of its operations in Asia with the acquisition of a majority stake in Apex Insurance (Holdings) Limited in Hong Kong.Private equity-backed Ardonagh will operate Apex alongside PSC’s Hong Kong unit, PSC HK Insuranc...Reuters
a minute ago
Former Paragon brokers unveil London wholesaler Lumen Specialty
By Rebecca DelaneyJuly 2 - (The Insurer) - The co-CEOs of specialist professional liability broker Lumen Specialty announced their roles at the new entity on LinkedIn on Wednesday.The Insurer was the first to report in April that a four-strong team had left Paragon International Insurance Brokers to...Reuters
5 minutes ago
Quartix Technologies Estimates HY PBT To Be 3.5 Mln Stg
July 3 (Reuters) - Quartix Technologies PLC QTX.L:QUARTIX TECHNOLOGIES - TRADING STATEMENTQUARTIX TECHNOLOGIES - ESTIMATED REVENUE FOR HY: £17.5 MILLIONQUARTIX TECHNOLOGIES : ACCELERATED GROWTH IN ARR & EMPHASIS ON OVERHEAD EFFICIENCY PROVIDE OPPORTUNITY FOR INCREASED INVESTMENT IN ARR GROWTH I...Reuters
11 minutes ago
Watches Of Switzerland Expects Fy26 Constant Currency Revenue Growth 6% - 10%
July 3 (Reuters) - Watches of Switzerland Group PLC WOSG.L:FY EBIT GBP 114 MILLIONFY PRETAX PROFIT GBP 76 MILLIONFY ADJUSTED EBITDA GBP 192 MILLION VERSUS. IBES ESTIMATE GBP 193.6 MILLIONFY ADJUSTED EBIT MARGIN 9.1%FY ADJUSTED EBIT GBP 150 MILLION VERSUS. IBES ESTIMATE GBP 149.8 MILLIONFY REVENUE GB...Reuters
11 minutes ago
Swiss insurer Mobiliar closes embedded insurtech Companjon
By Henry GaleJuly 3 - (The Insurer) - Swiss insurer Mobiliar said on Tuesday it would "suspend the operations" of Companjon, its Dublin-headquartered insurtech brand.Companjon's insurance portfolio will be liquidated subject to approval by the revelant authorities, the insurer said, whil...Reuters
17 minutes ago
PRESS DIGEST- New York Times business news - July 3
July 3 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, cooling tensions with its tenth-biggest ...Reuters
33 minutes ago
South Korea's parliament passes revision to rules governing martial law
SEOUL, July 3 (Reuters) - South Korea's parliament approved on Thursday a revision to rules governing martial law, in a move that comes after the country was shocked by former President Yoon Suk Yeol's sudden declaration of martial law in December. The new rules include barring any attempt t...Reuters
34 minutes ago
JGBs fall as fiscal concerns cast pall on 30-year auction
By Rocky Swift and Junko Fujita TOKYO, July 3 (Reuters) - Japanese government bonds fell on Thursday as concerns about stubbornly wide fiscal deficits overshadowed the finance ministry's first auction of super-long debt under a reduced-issuance scheme introduced in response to record-high yie...Reuters
34 minutes ago
South Korea assembly passes commerce bill expanding duty of boards to shareholders
SEOUL, July 3 (Reuters) - South Korea's parliament passed on Thursday a revision to the Commercial Act to expand the fiduciary duty of board members to protect the interests of minority shareholders, in a move aimed at boosting the country's corporate market valuations. President Lee Jae...Reuters
42 minutes ago
As trade war truce with China holds, US lifts curbs for chip design software and ethane
Synopsys, Cadence and Siemens restoring access for Chinese customersEthane producers also informed that curbs lifted US had escalated countermeasures after Beijing curbed exports of rare earthsBy Karen Freifeld and Surbhi Misra NEW YORK, July 2 (Reuters) - The United States has lifted restriction...Reuters
51 minutes ago
South Korea parliament approves president's nominee for PM Kim Min-seok
SEOUL, July 3 (Reuters) - South Korea's parliament approved on Thursday the nominee for prime minister, Kim Min-seok, a veteran lawmaker and a political ally of President Lee Jae Myung, paving the way for the liberal leader to form a new cabinet after his election win on June 3.Kim made waves wh...Reuters
53 minutes ago
Rubio visit to South Korea 'difficult' in near future, Seoul says
SEOUL, July 3 (Reuters) - A visit by U.S. Secretary of State Marco Rubio to South Korea appears to be "difficult" to arrange in the near future, Seoul's Foreign Ministry said on Thursday. South Korean media had previously reported Rubio may visit South Korea and Japan next week.Reuters
58 minutes ago
PRESS DIGEST - Wall Street Journal - July 3
July 3 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Pentagon intelligence officials assess that the U.S. military strikes on Iranian nuclear facilities set back Tehran's program by up to t...Reuters
an hour ago
South Korea's Lee pledges 'bold' economic policy after martial law crisis
Lee says economic recovery a top priority of new governmentLiberal leader marks 30 days in office in race to restore normalcy after martial law crisisLee says US tariff talks 'not easy', uncertain deal possible by July 8 deadline'Foolish' not to talk to North Korea, Lee saysBy Josh S...Reuters
an hour ago
Soccer-Mexico edge Honduras 1-0 to set up Gold Cup final showdown with US
July 3 (Reuters) - Mexico will face the United States in the CONCACAF Gold Cup final after a second-half strike by Raul Jimenez earned the defending champions a 1-0 win over Honduras at Levi's Stadium in Santa Clara, California, on Wednesday.Mexico had the lion's share of possession but lack...Reuters
an hour ago
Pluxee Q3 Total Revenues At EUR 310 Mln
July 3 (Reuters) - Pluxee NV PLX.PA:DELIVERS SOLID ORGANIC GROWTH PERFORMANCE IN Q3 FISCAL 2025, IN LINE WITH FULL-YEAR OBJECTIVESQ3 FISCAL 2025 TOTAL REVENUES AT 310 MILLION EUROSCONFIRMS FULL-YEAR FINANCIAL OBJECTIVESQ3 FISCAL 2025 BUSINESS VOLUMES ISSUED AT 5.7 BILLION EUROSQ3 FISCAL 2025 TOTAL R...Reuters
2 hours ago
Two children among five injured in Russia's air attack on Odesa, Ukraine says
July 3 (Reuters) - Five people were injured, including a 7-year-old boy and a 9-year-old girl, in a Russian attack on the southern Ukraine port of Odesa overnight, Ukrainian authorities said on Thursday. A multi-storey residential building and other civilian infrastructure were damaged, regional gov...Reuters
2 hours ago
ANALYSIS-Santander's bet on Britain with TSB deal shows banks' need for scale
By Jesús Aguado, Andres Gonzalez and Amy-Jo Crowley MADRID/LONDON, July 3 (Reuters) - Santander's SAN.MC plan to buy TSB for 2.65 billion pounds ($3.61 billion) and boost its position in the UK came together just a few weeks ago, after the Spanish bank had been weighing a possible exit from B...Reuters
2 hours ago
The Italian job: how Rome plans to work around NATO spending hike
Italy's defence budget in 2024 was among lowest in NATORome banking on accounting changes to meet new 5% goalAims to label ports, roads, railways as defence and securityOther countries may follow suit if Italy's approach acceptedBy Giuseppe Fonte, Angelo Amante and Gavin Jones ROME, July ...Reuters
2 hours ago
House Republicans struggle to unite on Trump's tax-cut bill
Latest vote stalls after Republican defectors oppose Trump's billBill could add $3.4 trillion to national debt over a decadeRepublicans aiming to meet Trump's July 4 deadlineBy Bo Erickson, David Morgan and Richard Cowan WASHINGTON, July 2 (Reuters) - Republicans in the House of Represent...Reuters
2 hours ago
