News
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Davies appoints Barke as CEO of insurance unit
By Navneeta NandanAug 13 - (The Insurer) - UK insurance services firm Davies has promoted Richard Barke as CEO of its insurance solutions division.Steve Crabb, who was previously the CEO of the insurance unit, has been appointed as deputy chairman of the business.He will focus on organically growing...Reuters
Wed, Aug 13
Deals of the day-Mergers and acquisitions
August 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Israeli software provider Sapiens International said that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm ...Reuters
Wed, Aug 13
Samvardhana Motherson Says Well-Positioned To Navigate Evolving Tariffs
Aug 13 (Reuters) - Samvardhana Motherson International Ltd SAMD.NS:WELL-POSITIONED TO NAVIGATE EVOLVING TARIFFSMAJORITY OF OUR SALES IN US ARE USMCA COMPLIANTFOR NON USMCA COMPLIANT PARTS, AGREEMENTS WITH CUSTOMERS TO PASS ON TARIFF COSTS ARE IN PROGRESSReuters
Wed, Aug 13
Russia says Estonia's expulsion of Russian diplomat is a hostile act, Moscow will respond
MOSCOW, Aug 13 (Reuters) - Russian Foreign Ministry spokesperson Alexei Fadeev said on Wednesday that Estonia's expulsion of a Russian diplomat was a hostile act that would prompt a response from Moscow.Estonia is expelling a Russian diplomat over sanctions violations and other crimes against th...Reuters
Wed, Aug 13
Russia says Trump and Putin to discuss 'all the accumulated issues' in bilateral relations
MOSCOW, Aug 13 (Reuters) - U.S. President Donald Trump and Russian President Vladimir Putin will discuss "all the accumulated issues" in bilateral relations when they meet in Alaska on Friday, the Russian Foreign Ministry said.Ministry spokesperson Alexei Fadeev also said that consultations ...Reuters
Wed, Aug 13
Beazley shares drop almost 9% on cut to premium growth outlook
By Ryan HewlettAug 13 - (The Insurer) – Beazley’s share price fell almost 9% in early trading on Wednesday after the London-listed (re)insurer reported a near one-third drop in half-year profit and reduced its written premium growth guidance for the year.Beazley reports 31% drop in half-year profitC...Reuters
Wed, Aug 13
Syrian Kurdish YPG should stop delaying Syria integration, Turkey says
ANKARA, Aug 13 (Reuters) - The Kurdish YPG militia, which spearheads the U.S.-backed Syrian Democratic Forces, should stop playing for time and abide by its integration agreement with the Syrian government, Turkey's Foreign Minister Hakan Fidan said on Wednesday."Turkey will not be comfortab...Reuters
Wed, Aug 13
Israel says Gazans free to exit while Hamas attends Cairo ceasefire talks
Hamas holds more ceasefire negotiations in EgyptNetanyahu says Gazans should leave of their own willIsrael preparing offensive to take over Gaza City Twelve killed in strike on home, nine aid-seekers dieBy Nidal al-Mughrabi and Emily Rose CAIRO/JERUSALEM, Aug 13 (Reuters) - Militant group Hamas&#...Reuters
Wed, Aug 13
Chinese online microlender Qudian's Q2 profit jumps on investment gains, revenue slumps on wind down of last-mile delivery
OverviewQudian Q2 2025 revenue drops 93.5% yr/yr due to last-mile delivery wind downNet income for Q2 2025 rises sharply, driven by higher investment incomeOutlookCompany winding down last-mile delivery due to increased competitionCompany expects prudent cash management to safeguard balance sheetQud...Reuters
Wed, Aug 13
South Korean President Lee to visit Japan for summit with Ishiba, Seoul says
By Heejin KimSEOUL, Aug 13 (Reuters) - South Korean President Lee Jae Myung will visit Japan from August 23-24 and hold a summit with Prime Minister Shigeru Ishiba, Lee's office said at a briefing on Wednesday.The leaders will discuss ways to improve regional peace and boost trilateral cooperati...Reuters
Wed, Aug 13
Ukraine says it hit oil pumping station in Russia's Bryansk
KYIV, Aug 13 (Reuters) - Ukraine's military said on Wednesday its drones hit the Uniecha oil pumping station in Russia's Bryansk region overnight."Damage and a large-scale fire were recorded in the area of the booster pumping station building," the Ukrainian General Staff said on Tel...Reuters
Wed, Aug 13
Iranian lawmaker says reimposition of UN sanctions will lead to NPT withdrawal, Defapress reports
DUBAI, Aug 13 (Reuters) - Iran's parliament is ready to withdraw from the nuclear Non-Proliferation Treaty (NPT) should international sanctions be reimposed by the United Nations, Iranian lawmaker Manouchehr Mottaki told Defapress on Wednesday.This comment comes after European countries expresse...Reuters
Wed, Aug 13
Goldman Sachs Torpedoes Trump Tariff Theory; President Tells CEO "Be a DJ, Not Banker"
TradingKey - On August 12, local time, U.S. President Trump took to social media to criticize Goldman Sachs CEO David Solomon, stating that Solomon should "go find a new economist" and mockingly suggesting that he should "focus on being a DJ instead of running a large financial institution."TradingKey
Wed, Aug 13
Mobile data firm uCloudlink's Q2 revenue misses estimates, lowers FY 25 guidance
OverviewuCloudlink Q2 revenue falls 13.3% yr/yr, missing analyst expectationsAdjusted net income for Q2 misses consensus, reflecting macroeconomic challengesCompany maintains operational breakeven amid growth in data consumptionOutlookuCloudlink expects Q3 2025 revenue between $22 mln and $26 mlnCom...Reuters
Wed, Aug 13
Thyssenkrupp Nucera CEO Says Projects With Less Chance Of Being Realized In The U.S. Have Been Sorted Out - Call
Aug 13 (Reuters) - THYSSENKRUPP NUCERA AG & CO KGAA NCH2.DE:THYSSENKRUPP NUCERA CEO ON CALL - UNCERTAINTIES AROUND ELIGIBILITY OF U.S. PROJECTS HAVE BEEN SIGNIFICANTLY REDUCED BY THE ENACTMENT OF BIG BEAUTIFUL BILLTHYSSENKRUPP NUCERA CEO ON CALL - PROJECTS IN US CAN NOW EXPECT TO RECEIVE FUNDING...Reuters
Wed, Aug 13
CORRECTED-Zelenskiy, European leaders to speak to Trump ahead of Putin summit
Trump meets Putin on Friday to discuss war in UkraineEurope, Kyiv fear being shut out of war negotiationsUkraine warns unfair peace in Ukraine would not last longZelenskiy, Trump and Europeans meet online on WednesdayBy Lili Bayer, Tom Balmforth and Olena Harmash BRUSSELS/LONDON/KYIV, Aug 13 (Reu...Reuters
Wed, Aug 13
Lilly launches Mounjaro pen in India at $160 for starting dose, stepping up Novo rivalry
By Rishika Sadam and Kashish TandonAug 13 (Reuters) - Eli Lilly LLY.N on Wednesday launched the easy-to-use injector pen of its blockbuster weight-loss drug Mounjaro for 14,000 rupees (nearly $160) for its starting dose of 2.5 mg in India, stepping up competition with Novo Nordisk NOVOb.CO.Lilly sai...Reuters
Wed, Aug 13
China targets two EU banks, retaliating to bloc's Russia sanctions package
By Liz Lee BEIJING, Aug 13 (Reuters) - China has taken countermeasures against two banks in the European Union, in response to the bloc placing two Chinese financial institutions on a Russia-related sanctions list, its commerce ministry said on Wednesday. Effective immediately, Lithuanian ban...Reuters
Wed, Aug 13
German property bank PBB swings to loss as it withdraws from US
By Tom Sims and Alexander Hübner FRANKFURT, Aug 13 (Reuters) - Deutsche Pfandbriefbank PBBG.DE (PBB), one of Germany's top property financiers, swung to a loss in the second quarter after booking higher risk provisions as it withdraws from the U.S. market, figures on Wednesday showed.PBB said...Reuters
Wed, Aug 13
