News
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Egypt's reconstruction plan for Gaza will cost $53 bln, document says
DOHA, March 4 (Reuters) - Egypt's reconstruction plan for Gaza will cost $53 billion, according to a copy of the document seen by Reuters on Tuesday.The 112-page plan includes maps showing how Gaza's land would be re-developed and dozens of colourful AI-generated images of housing developmen...Reuters
Tue, Mar 4
Arab summit draft communique adopts Egyptian plan for Gaza
CAIRO, March 4 (Reuters) - An Arab summit draft communique on Tuesday adopted an Egyptian plan for Gaza's future and called on the international community and financial institutions to provide support for the plan quickly.An Arab plan for Gaza would counter U.S. President Donald Trump's ambi...Reuters
Tue, Mar 4
UK's FCA bans former Credit Suisse executives following US criminal convictions
March 4 (Reuters) - The Financial Conduct Authority (FCA) has banned former Credit Suisse managing directors from the UK financial services industry.Andrew Pearse and Surjan Singh have been banned following U.S. convictions for arranging corrupt loans to the Republic of Mozambique, the FCA said.Reuters
Tue, Mar 4
Jyske Bank cheers Genmab shares despite worries over deal with J&J
** Jyske Bank keeps "buy" rating for Genmab GMAB.CO, even though it notes uncertainty over Danish drug maker's partnership with Johnson & Johnson JNJ.N has weighed on its shares** The clarification of the partnership, which concerns the Hexabody-CD38 cancer drug, could come as soon a...Reuters
Tue, Mar 4
Smith Micro Software Inc expected to post a loss of 11 cents a share - Earnings Preview
Smith Micro Software Inc SMSI.OQ SMSI.O is expected to show a fall in quarterly revenue when it reports results on March 6 (estimated) for the period ending December 31 2024The Pittsburgh Pennsylvania-based company is expected to report a 40.3% decrease in revenue to $5.133 million from $8.59 mill...Reuters
Tue, Mar 4
Nektar Therapeutics expected to post a loss of 17 cents a share - Earnings Preview
Nektar Therapeutics NKTR.OQ NKTR.O is expected to show a rise in quarterly revenue when it reports results on March 6 (estimated) for the period ending December 31 2024The San Francisco California-based company is expected to report a 25.0% increase in revenue to $29.86 million from $23.89 million...Reuters
Tue, Mar 4
Poland says new EU defence cash should be grants not loans
WARSAW, March 4 (Reuters) - New European Union investment in the defence industry should take the form of grants not loans, Poland's defence minister said on Tuesday, after EU Commission President Ursula von der Leyen said Brussels could mobilise close to 800 billion euros($841.20 billion)."...Reuters
Tue, Mar 4
Ukraine's military has means to maintain front line, PM says
March 4 (Reuters) - Ukraine's military has the means to maintain the situation on the front line with Russian forces, Prime Minister Denys Shmyhal said on Tuesday after U.S. President Donald Trump paused military aid to Ukraine."We will continue to work with the U.S. through all available ch...Reuters
Tue, Mar 4
FACTBOX-How much aid have Ukraine's Western allies provided?
March 4 (Reuters) - U.S. President Donald Trump has paused military aid to Ukraine following his clash with Ukrainian President Volodymyr Zelenskiy last week, a White House official said.The decision comes as Trump pivots towards Moscow in the war, three years after Russian President Vladimir Putin ...Reuters
Tue, Mar 4
Capricor Therapeutics Inc expected to post a loss of 26 cents a share - Earnings Preview
Capricor Therapeutics Inc CAPR.OQ CAPR.O is expected to show a fall in quarterly revenue when it reports results on March 6 (estimated) for the period ending December 31 2024The San Diego California-based company is expected to report a 53.0% decrease in revenue to $5.682 million from $12.09 milli...Reuters
Tue, Mar 4
Andersen: Aon to deploy capital back into business after major NFP, G&A deals
By James ThalerMarch 4 - (The Insurer) - Aon is currently deploying capital “back into the business” after the recent acquisitions of NFP and UK-focused Griffiths & Armour, with the firm’s management team focused on growth regions that will position the company for the next 25 years.Those were a...Reuters
Tue, Mar 4
CRC’s Obenauer: ‘Now it’s our turn’ after firm establishes itself as ‘pure-play’ wholesaler
By James ThalerMarch 4 - (The Insurer) - Dave Obenauer, the CEO of newly established “pure-play” wholesaler CRC Group, has said the company is strongly positioned to compete against rival firms who have been independent for years.Obenauer made those comments in an interview with E&S Insurer afte...Reuters
Tue, Mar 4
Vacasa Inc expected to post a loss of $2.90 a share - Earnings Preview
Vacasa Inc VCSA.OQ VCSA.O is expected to show a fall in quarterly revenue when it reports results on March 6 (estimated) for the period ending December 31 2024The Portland Oregon-based company is expected to report a 18.5% decrease in revenue to $144.659 million from $177.44 million a year ago, ac...Reuters
Tue, Mar 4
Fed's rules, toolkit under the microscope as US House task force gets underway
Monetary Policy Task Force holds inaugural hearing Republicans to scrutinize Fed’s approach to policy, mandatesDemocrats worried about potential threat to Fed independenceBy Bo Erickson and Ann Saphir WASHINGTON, March 4 (Reuters) - A new task force in the Republican-controlled U.S. House of Repr...Reuters
Tue, Mar 4
EXCLUSIVE-Fired US government workers with top security clearances were not given exit briefings, sources say
Debriefing is normal procedure for those with security clearance Briefing involves reminder of non-disclosure agreements, returning laptops Lack of debriefs a counterintelligence risk - former CIA officerBy Timothy Gardner and Jonathan Landay WASHINGTON, March 4 (Reuters) - Some U.S. governme...Reuters
Tue, Mar 4
At US Supreme Court, gun companies aim to avoid Mexico's lawsuit
Gun companies argue suit is barred by a 2005 US lawUS firearms linked to many homicides in MexicoArguments come at fraught time for US-Mexico tiesBy John Kruzel, Blake Brittain WASHINGTON, March 4 (Reuters) - The U.S. Supreme Court was set on Tuesday to hear a bid by two American gun companies to...Reuters
Tue, Mar 4
Trump to address Congress after upending US foreign, domestic policies
Trump's speech follows clash with Ukraine's Zelenskiy New tariffs on Canada and Mexico spark trade war fearsAgenda includes extending tax cuts, tightening border security and deportationsTrump's policies face legal challenges, Democratic oppositionBy Steve Holland, Gabriella Borter and J...Reuters
Tue, Mar 4
