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MSCI's removal of 6 firms a result of Indonesia's market reforms, regulator says
JAKARTA, May 13 - MSCI's removal of six Indonesian companies from the domestic global standard index is a short-term consequence of the country's ongoing market reforms, Hasan Fawzi, an official at Indonesia's Financial Services Authority, said on Wednesday.MSCI removed six Indonesian co...Reuters
17 hours ago
JPMorgan Set To Reshuffle Investment Bank Chiefs Amid Wider Shake-Up - FT
May 12 (Reuters) - JPMORGAN SET TO RESHUFFLE INVESTMENT BANK CHIEFS AMID WIDER SHAKE-UP - FTDOROTHEE BLESSING, KEVIN FOLEY AND JARED KAYE EXPECTED TO BECOME CO-HEADS OF JPMORGAN'S GLOBAL INVESTMENT BANKING - FTSource text: https://tinyurl.com/52ej44w3Reuters
17 hours ago
Fugitive financier Jho Low should not be pardoned, head of Malaysia's 1MDB taskforce says
KUALA LUMPUR, May 13 (Reuters) - Fugitive Malaysian financier Low Taek Jho, a central figure in the multibillion-dollar scandal at state fund 1Malaysia Development Berhad (1MDB), should not be pardoned, the chairman of the 1MDB taskforce said on Wednesday, after a report said Low was seeking clemenc...Reuters
17 hours ago
US ICE official who worked at private prison firm will be agency's new acting head
ICE has been at the heart of Trump's immigration crackdownCurrent acting ICE head, Todd Lyons, leaves on May 31Trump's crackdown has been condemned by human rights groupsBy Kanishka Singh WASHINGTON, May 12 (Reuters) - U.S. President Donald Trump's administration said on Tuesday that ...Reuters
17 hours ago
PRESS DIGEST-Financial Times - May 13
May 13 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines- Scottish Mortgage defends $1.25 trillion SpaceX valuation ahead of IPO - Hayek family defeats activist investor’s latest push t...Reuters
18 hours ago
China's Pop Mart warns of 2026 profit margin pressure from higher costs
SHANGHAI, May 13 (Reuters) - China's Pop Mart 9992.HK said on Wednesday its overall profit margin in 2026 would fall an annual 0.5% due to higher production costs for new products driven by rising raw material prices.Fuel prices will also weigh on the international business's gross profit, t...Reuters
18 hours ago
Tennessee Democrats stripped of House committee seats over redistricting protests
By Steve GormanMay 12 (Reuters) - The Republican speaker of Tennessee's House of Representatives on Tuesday stripped Democratic lawmakers of all committee assignments as punishment for their role in boisterous protests during last week's special session on redistricting.The move came five da...Reuters
18 hours ago
CORRECTED-Lawsuit seeks to halt Trump’s makeover of Lincoln Memorial reflecting pool
By Jan Wolfe May 11 (Reuters) - A nonprofit on Monday filed a lawsuit seeking to halt President Donald Trump's ongoing renovation to the Lincoln Memorial's reflecting pool, the latest in a string of court challenges to the former real estate developer's efforts to remake Washington la...Reuters
18 hours ago
PRESS DIGEST-British Business - May 13
May 13 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain’s biggest bakery chain, Greggs GRG.L, warned the Iran war could drive its costs higher into next ye...Reuters
18 hours ago
Bahamas prime minister re-elected in early election victory
WASHINGTON, May 12 (Reuters) - Bahamian Prime Minister Philip Davis and his ruling Progressive Liberal Party were re-elected on Tuesday, making him the first leader to be elected to a second consecutive term in nearly 30 years."The Bahamian people have spoken, and I receive their verdict with hu...Reuters
18 hours ago
Ahead of Trump visit China says capability to 'crush' Taiwan independence is 'unbreakable'
BEIJING, May 13 (Reuters) - China's resolve to oppose Taiwan independence is as firm as a rock and its capability to "crush" separatism is "unbreakable", the country's Taiwan Affairs office said on Wednesday ahead of the arrival of U.S. President Donald Trump to Beijing.Reuters
18 hours ago
BREAKINGVIEWS-Pay dispute backs Samsung into a tight corner
By Robyn Mak HONG KONG, May 13 (Reuters Breakingviews) - Samsung Electronics' 005930.KS will need to be more generous if it is to avoid falling behind again in the artificial intelligence race. The $1.2 trillion company, South Korea's largest employer, is under pressure to match a pledge ...Reuters
18 hours ago
Titomic Enters Scheme To Redomicile To United States
May 13 (Reuters) - Titomic Ltd TTT.AX:ENTERS SCHEME TO REDOMICILE TO UNITED STATESBOARD AND MANAGEMENT TEAM OF TITOMIC GROUP WILL REMAIN UNCHANGEDIF SCHEME BECOMES EFFECTIVE ALL ORDINARY SHARES IN TITOMIC LTD WILL BE TRANSFERRED TO TITOMIC, INC.TITOMIC'S BOARD OF DIRECTORS UNANIMOUSLY CONSIDERS ...Reuters
19 hours ago
Breeze Acquisition Corp. II Announces Pricing Of $125,000,000 Initial Public Offering
May 12 (Reuters) - BREEZE ACQUISITION CORP. II ANNOUNCES PRICING OF $125,000,000 INITIAL PUBLIC OFFERINGBREEZE ACQUISITION CORP. II: PRICED ITS IPO OF 12,500,000 UNITS AT A PRICE OF $10.00 PER UNITFurther company coverage: [ ]Reuters
19 hours ago
Investcorp Credit Management's Q3 net asset value per share falls, new investment activity tepid
OverviewThe U.S. business development company's fiscal third-quarter net asset value per share fell to $3.65Company reported net decrease in net assets from operations, with loss per share of $0.60ICMB reduced credit facility commitment and adviser waived fees to support liquidityOutlookCompany ...Reuters
19 hours ago
Nvidia's Jensen Huang to join Trump's China visit, sources say
By Laurie Chen and Karen FreifeldBEIJING/NEW YORK, May 13 (Reuters) - Nvidia NVDA.O CEO Jensen Huang will join over a dozen U.S. CEOs on President Donald Trump's visit to China this week, two sources familiar with the matter told Reuters on Wednesday.Huang did not appear on an initial list of ex...Reuters
19 hours ago
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