News
Important Only
MTU CEO says tariffs in plane manufacturing sector would harm US companies
MUNICH, Feb 19 (Reuters) - The chief executive of German engine maker MTU Aeros said on Wednesday tariffs on plane manufacturing would initially harm U.S. companies, including airlines."Aviation is an oligopoly. The largest manufacturers of gas turbines - GE and Pratt & Whitney - are U.S. co...Reuters
Wed, Feb 19
US envoy Kellogg arrives in Ukraine for talks with Zelenskiy
Adds Kellogg comment, details KYIV, Feb 19 (Reuters) - Keith Kellogg, U.S. President Donald Trump's Ukraine envoy, arrived in Kyiv on Wednesday to meet with President Volodymyr Zelenskiy and "listen," as the war against Russia approaches its three-year mark.Kellogg's visit comes a...Reuters
Wed, Feb 19
China's top financial regulator vows stable credit supply to private firms
BEIJING, Feb 19 (Reuters) - China's top financial regulator vowed it will maintain stable and effective credit supply to private firms and will step up support for their loans, an official statement showed on Wednesday. The National Financial Regulatory Administration also said they will meet th...Reuters
Wed, Feb 19
Google agrees to pay 326 mln euros to settle Italian tax case
MILAN, Feb 19 (Reuters) - Milan's prosecutors said on Wednesday they had asked to drop a case against Google Ireland Ltd GOOGL.O after the company agreed to pay 326 million euros ($340 million) over a tax claim.Last year Rome asked Google to pay 1 billion euros in unpaid taxes and penalties, yea...Reuters
Wed, Feb 19
UK confirms move to single-day securities trade settlement from 2027
LONDON, Feb 19 (Reuters) - Britain will cut the time it takes to settle securities trades, such as the buying and selling of shares, to one day from two, from Oct. 11, 2027, finance minister Rachel Reeves confirmed on Wednesday.Reuters
Wed, Feb 19
Kremlin says Putin and Trump could meet before end of February, agencies report
MOSCOW, Feb 19 (Reuters) - Russian President Vladimir Putin and U.S. President Donald Trump could meet as early as this month, although a face-to-face meeting will take time to prepare, Kremlin spokesman Dmitry Peskov said on Wednesday, according to Russian news agencies.Peskov said the U.S.-Russia ...Reuters
Wed, Feb 19
Wix.com profit beats estimates, sees $2 bln revenue in 2025
JERUSALEM, Feb 19 (Reuters) - Website builder Wix.com WIX.O beat fourth-quarter net profit expectations on Wednesday boosted by price hikes and by its artificial intelligence and Studio products for designing advanced websites, while forecasting revenue of up to $2 billion in 2025.The Israeli compan...Reuters
Wed, Feb 19
SoftwareOne posts slight loss in 2024, to close Crayon deal in June
Recasts throughout with details, comments from CEO Feb 19 (Reuters) - Swiss technology firm SoftwareOne SWON.S said on Wednesday it had slipped to a net loss in 2024 of 1.6 million Swiss francs due to extraordinary expenses arising from restructuring efforts and cost-saving measures. SoftwareO...Reuters
Wed, Feb 19
Conduit Re posts 97.1% combined ratio in 2024 as GWP climbs to $1.16 billion
By Ryan HewlettFeb 19 - (The Insurer) - Conduit Holdings, the ultimate parent of London-Bermuda carrier Conduit Re, said on Wednesday that its gross written premiums grew by 24.8% in 2024, with the London-listed reinsurer bullish on continued opportunities for growth despite the full-year impact of ...Reuters
Wed, Feb 19
US Treasury Secretary Scott Bessent tells taxpayers their data is safe with Elon Musk’s D.O.G.E
In a Fox News interview on Tuesday, newly-appointed US Treasury Secretary Scott Bessent defended his president Donald Trump’s decision to allow Elon Musk’s Department of Government Efficiency (DOGE) look through Treasury data in its mission to cut federal spending and save the US economy.Cryptopolitan
Wed, Feb 19
US special envoy to Ukraine Kellogg arrived to Kyiv
KYIV, Feb 19 (Reuters) - Keith Kellogg, U.S. President Donald Trump's Ukraine envoy, arrived in Kyiv on Wednesday morning to visit the country and have discussions with Ukrainian President Volodymyr Zelenskiy, according to a Reuters witness.Reuters
Wed, Feb 19
EU envoys agree 16th package of sanctions on Russia - EU diplomats
BRUSSELS, Feb 19 (Reuters) - EU envoys on Wednesday agreed on the sixteenth package of sanctions against Russia, EU diplomats said. Sanctions include a Russian primary aluminum import ban and listing of 73 new shadow fleet vessels.Reuters
Wed, Feb 19
Euro zone bond yields rise for fourth day, defence spending in focus
LONDON, Feb 19 (Reuters) - Euro zone bond yields rose for a fourth consecutive session on Wednesday as investors focused on potential extra borrowing to fund higher defence spending amid U.S.-Russia talks over the war in Ukraine.
Reuters
Wed, Feb 19
Inflation and uncertain geopolitical landscape drive cautious P&I renewals
By Michael Jones Feb 18 - (The Insurer) - Inflationary pressures and continued geopolitical uncertainty have resulted in a cautious mutual protection and indemnity renewal this year, a number of senior marine market sources told The Insurer. Most P&I clubs levying/targeting gener...Reuters
Wed, Feb 19
MTU Aero Engines hikes 2025 outlook on stronger US dollar after sales beat
Adds details on outlook in paragraphs 2, 4, 5 and 7, 2024 revenue in paragraph 6Feb 19 (Reuters) - German engine manufacturer MTU Aero Engines MTXGn.DE on Wednesday raised its guidance for 2025 based on a lower assumed exchange rate of the euro versus the U.S. dollar, as it topped market expectation...Reuters
Wed, Feb 19
Ukrainian forces knock out North Korean self-propelled howitzer, military says
Adds South Korean govt's stance to accept North Korean POWs if they request to go to South Korea, paragraphs 10-11Feb 18 (Reuters) - Ukrainian forces have struck and destroyed a North Korean self-propelled howitzer on the eastern front of the nearly three-year-old war with Russia, Ukraine's ...Reuters
Wed, Feb 19
Axa XL appoints new country manager for Iberia after Torrents exits
By Edward CarronFeb 18 - (The Insurer) - Axa XL has promoted Ana Dores to country manager for Iberia to replace Enrique López Torrents, who is leaving the company.Dores will start in her new role on 1 March, subject to regulatory approval.She has two decades of experience in the industry, starting ...Reuters
Wed, Feb 19
SiriusPoint core UW gain up 52% to $56 million with $70 million net LA wildfire losses “shielded by retro”
By James ThalerFeb 19 - (The Insurer) - SiriusPoint grew its fourth quarter underwriting gain by 52.0% to $56 million, boosted by a core loss ratio that improved by 660 basis points to 59.0% and $58 million in reserve releases, which more than offset $39 million in catastrophe losses.The period mark...Reuters
Wed, Feb 19
