News
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INSIGHT-Saudi Arabia spearheads Arab scramble for alternative to Trump's Gaza plan
Arab world furious about Trump's plan to 'clean out' GazaArab nations to meet in Riyadh to discuss alternative Gaza plansAn Egyptian proposal currently the most likely candidateSaudi crown prince expected to play a key role in discussionsBy Pesha Magid, Samia Nakhoul, Suleiman Al-Khalidi...Reuters
Fri, Feb 14
MS Amlin Underwriting posts 88.8% CR for 9M24
By Rebecca DelaneyFeb 14 - (The Insurer) - MS Amlin Underwriting Limited (MS AUL), including Syndicate 2001, has posted a combined ratio of 88.8 percent for the first nine months of 2024.The combined ratio deteriorated by 1.2 percentage points from the prior-year period, and includes an expense rati...Reuters
Fri, Feb 14
UK's Thames Water lodges appeal to try to raise customer bills
Adds context in paragraphs 7-10 LONDON, Feb 14 (Reuters) - British utility Thames Water lodged an appeal to the country's competition regulator on Friday, beginning a process to try to raise the prices it can charge customers for the next five years and improve its chances of survival. Thames...Reuters
Fri, Feb 14
Convex to enter Lloyd’s at 1.4 with Names-backed Syndicate 1984
By Ryan HewlettFeb 13 - (The Insurer) - London-Bermuda specialty carrier Convex Group has received in-principle approval to launch Names-backed Lloyd’s Syndicate 1984, marking the long-anticipated return to Lime Street of Stephen Catlin and Paul Brand.Catlin and Brand return to Lloyd’s with 1.4 synd...Reuters
Fri, Feb 14
China firmly opposes US's 'false accusations' on China's behaviour in Indo-Pacific region
HONG KONG, Feb 14 (Reuters) - The Chinese defence ministry said on Friday it was firmly opposed to "false accusations" made by the U.S. on what it called China's "aggressive behaviour" in the Indo-Pacific region and that China would resolutely counter all threats and challenges.Reuters
Fri, Feb 14
China opposes US missile deployed by Philippines
Adds details; paragraphs 2-8 HONG KONG, Feb 14 (Reuters) - China has urged the Philippines to withdraw the United States' "Typhon" intermediate range missile, the defence ministry said on Friday, accusing the Southeast Asian nation of breaking its "promises" by introducing the...Reuters
Fri, Feb 14
Berenberg raises Conduit Re wildfire exposure forecast to $90mn
By Ryan HewlettFeb 14 - (The Insurer) - Analysts at Berenberg have raised their estimate for Conduit Re's Los Angeles wildfire loss exposure from $50mn to $90mn, with the London-listed reinsurer tipped as a potential beneficiary from expected catastrophe-driven rate hardening.In a circular issue...Reuters
Fri, Feb 14
AI-generated content raises risks of more bank runs, UK study shows
Silicon Valley Bank collapse in 2023 has fed bank run worriesGroup warns AI is making it easier to spread disinformationResearchers say banks should monitor social media, withdrawalsBy Elizabeth Howcroft PARIS, Feb 14 (Reuters) - Fake news generated by artificial intelligence and spread on social...Reuters
Fri, Feb 14
Exclusive: Carbon delays new syndicate launch
By Edward CarronFeb 13 - (The Insurer) - Delegated underwriting authority specialist Carbon Underwriting has postponed the launch of its Lloyd’s Syndicate 5757, originally set for 1 January 2025, a representative confirmed. The decision to push back the syndicate launch was made in the latter part ...Reuters
Fri, Feb 14
Telefonica hires JPMorgan to sell its Mexican business, Cinco Dias reports
MADRID, Feb 14 (Reuters) - Spanish telecom group Telefonica TEF.MC has hired investment bank JPMorgan JPM.N to sell its Mexican business, newspaper Cinco Dias reported on Friday, citing unidentified financial sources.The company is seeking to carry out the sale before its annual shareholders meeting...Reuters
Fri, Feb 14
China rights monitors suspend work, lay off staff after U.S. aid freeze
Many NGOs have grown reliant on US funding for monitoringNGOs forced to seek alternative fundingXi Jinping has overseen sweeping crackdown of human rightsChina has blamed US for fomenting 'colour revolutions' By Laurie Chen BEIJING, Feb 14 (Reuters) - Dozens of non-government groups moni...Reuters
Fri, Feb 14
No peace over the heads of Ukrainians and Europeans, says German foreign minister
BERLIN, Feb 14 (Reuters) - There must be no peace in Ukraine over the heads of Ukrainians and Europeans, German Foreign Minister Annalena Baerbock said on Friday at the start of the Munich Security Conference."A sham peace - over the heads of Ukrainians and Europeans - would gain nothing," B...Reuters
Fri, Feb 14
BRIEF-HTC Says Unit Invests $30 Mln In Bain Capital Griffin Aircraft Offshore Feeder Fund
Feb 14 (Reuters) - Htc 2498.TW:SAYS UNIT H.T.C. (B.V.I.) CORP INVESTS $30 MILLION IN PRIVATE EQUITY FUND BAIN CAPITAL GRIFFIN AIRCRAFT OFFSHORE FEEDER FUNDSource text: ID:nMOP5TXbK8Further company coverage: 2498.TWReuters
Fri, Feb 14
CORRECTED- Shipments of foreign-branded phones in China up 0.6% y/y in December, says CAICT
Correct percentage to up 0.6%, not up 22.1%, in headlineBEIJING, Feb 14 (Reuters) - Shipments of foreign-branded smartphones, including Apple Inc's AAPL.O iPhone, in China rose 0.6% in December year-on-year, according to data released on Friday by a government-affiliated research firm.Calculatio...Reuters
Fri, Feb 14
Bollywood music labels seek to challenge OpenAI in India copyright lawsuit
AI giant faces legal action in India on copyright issuesOpenAI counts India as second biggest marketMusic labels latest to oppose OpenAI in India, after mediaOpenAI says its models trained on publicly available contentBy Aditya Kalra NEW DELHI, Feb 14 (Reuters) - A group of India's top Bollyw...Reuters
Fri, Feb 14
China says it is opposed to US missile deployed by Philippines
HONG KONG, Feb 14 (Reuters) - The Chinese defence ministry said on Friday China has urged the Philippines to withdraw the United States' "Typhon" intermediate range missile, saying the Philippines has repeatedly broken its "promises" by introducing the missile system.Reuters
Fri, Feb 14
BRIEF-Wood Group Says Expect Double-Digit Adjusted Ebitda And Adjusted Ebit Growth In 2025
Feb 14 (Reuters) - John Wood Group PLC WG.L:WOOD GROUP (JOHN)PLC - FY24 TRADING UPDATEWOOD PLC: EXPECT DOUBLE-DIGIT ADJUSTED EBITDA AND ADJUSTED EBIT GROWTH IN 2025WOOD PLC: EXPECT NEGATIVE FREE CASH FLOW OF $150 MILLION TO $200 MILLION IN 2025WOOD PLC: TARGETING PROCEEDS FROM DISPOSALS IN 2025 OF ...Reuters
Fri, Feb 14
BRIEF-Coca-Cola Europacific Partners Sees FY25 Revenue Growth Of About 4%
Feb 14 (Reuters) - Coca-Cola Europacific Partners PLC CCEPC.L:COCA-COLA EUROPACIFIC PARTNERS PLC: ANNOUNCING EUR 1BN SHARE BUYBACK OVER NEXT 12 MONTHSCOCA-COLA EUROPACIFIC PARTNERS PLC OUTLOOK FY25 REVENUE GROWTH OF APPROX 4%Source text: ID:nRSN1137XaFurther company coverage: CCEPC.LReuters
Fri, Feb 14
France's Safran raises 2025 outlook after air traffic lifts profit
Air traffic pushes up demand for engine, equipment servicesSupply chain risks remain, Safran saysAdds tariff comments, paragraphs 5-7 PARIS, Feb 14 (Reuters) - French jet engine maker Safran SAF.PA raised its profit and cash forecasts for 2025 on Friday, after posting a 30% jump in annual core in...Reuters
Fri, Feb 14
UK's Thames Water seeks competition body's review of investment plan
Feb 14 (Reuters) - Britain's Thames Water on Friday asked the country's competition authority to review the utility's proposed plans and obligations for water prices and investment levels for the next five years that were determined by the water regulator.Reuters
Fri, Feb 14
