News
Important Only
Tariff dispute must be ended quickly, German finmin tells G7 meeting
DURBAN, South Africa, July 18 (Reuters) - German Finance Minister Lars Klingbeil made clear in the G7 meeting on Friday morning that the trade conflict must be ended quickly, he told reporters later on Friday."But I also want to say very clearly: There will be no deal at any price, there should ...Reuters
Fri, Jul 18
US senator seeks details from Defense Department on Microsoft's Chinese engineers
By Stephen Nellis SAN FRANCISCO, July 18 (Reuters) - A U.S. senator is asking the Pentagon for more information on Microsoft's MSFT.O reported use of Chinese engineers in maintaining military cloud computing systems, according to a copy of the letter seen by Reuters.Senator Tom Cotton, an Ark...Reuters
Fri, Jul 18
Street View: Abbott's resilient fundamentals, new products to outshine headwinds
** Abbott ABT.N warned on Thursday it expects more than $1 billion in financial headwinds this year from a sharp decline in COVID-19 testing demand, new U.S. tariffs and government's foreign aid freeze** The medical device giant forecast third-quarter profit below estimates TEMPORARY CHALLEN...Reuters
Fri, Jul 18
UK to set out water reforms as Thames Water faces crisis
Proposed measures to fix sector expected on MondayIndebted Thames Water fighting for survival Regulation overhaul could be proposedSerious pollution incidents up 60% in 2024By Sarah Young and Paul Sandle LONDON, July 18 (Reuters) - Britain is expected to set out measures to fix its broken water s...Reuters
Fri, Jul 18
Europeans warn Iran of UN sanctions if no concrete progress on nuclear issue
E3 and EU urge Iran to resume nuclear talks immediatelyIran dismisses threats, blames US for stalled negotiationsSnapback mechanism could restore UN sanctions if no progress by AugustBy John IrishPARIS, July 18 (Reuters) - France, Britain and Germany told Iran on Thursday that they would restore U.N...Reuters
Fri, Jul 18
Wells Fargo suspends China travel after employee exit ban, source says
Mao's exit ban may deter corporate travel to ChinaMao is a U.S. citizen and Wells Fargo managing directorChina increasingly uses exit bans in civil and criminal casesBy Manya Saini, Nupur Anand and Suzanne McGee July 17 (Reuters) - Wells Fargo WFC.N has suspended all travel to China after a b...Reuters
Fri, Jul 18
Zelenskiy says negotiation process with Russia needs 'more momentum'
KYIV, July 18 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Friday that peace talks with Russia need "more momentum" and that he had asked new National Security and Defence Council secretary Rustem Umerov to "intensify" the process."The implementation of the agreeme...Reuters
Fri, Jul 18
REFILE-David Rhodes in talks to take over CBS after Paramount-Skydance deal closes, Puck News said
July 18 (Reuters) - David Rhodes, the former CBS News head and Sky executive, is in talks to take over CBS News if the Skydance acquisition of Paramount closes, US-based digital news website Puck news said on Friday.CBS parent Paramount Global PARA.O is seeking approval from the U.S. Federal Communi...Reuters
Fri, Jul 18
Insurer CFC mulls $6.5 billion-plus London listing, FT reports
July 18 (Reuters) - Specialist insurance provider CFC, backed by private equity firms EQT EQTAB.ST and Vitruvian Partners, is exploring a UK listing that could value the firm at more than 5 billion pounds ($6.71 billion), the Financial Times reported on Friday.The insurer is also considering other o...Reuters
Fri, Jul 18
PRESS DIGEST - Wall Street Journal - July 18
July 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- The U.S. Federal Trade Commission reopened and set aside prior consent orders for Exxon Mobil's XOM.N acquisition of Pioneer Natural Re...Reuters
Fri, Jul 18
India to issue climate risk disclosure rules for banks in the next few months, sources say
India's central bank to mandate climate risk disclosures by fiscal year 2027-28Banks to conduct stress tests for climate impact on borrowersRBI's move follows India's draft framework for climate-friendly investmentsBy Ashwin ManikandanJuly 18 (Reuters) - India's central bank is close...Reuters
Fri, Jul 18
Malaysia PM says government to give U.S. envoy appointment due consideration, state news agency reports
KUALA LUMPUR, July 18 (Reuters) - Malaysian Prime Minister Anwar Ibrahim said his government will give due consideration to the proposed appointment of Nick Adams as U.S. Ambassador to Malaysia, the state news agency reported on Friday.Reuters
Fri, Jul 18
UK to set out water reforms as Thames Water faces crisis
Proposed measures to fix sector expected on MondayIndebted Thames Water fighting for survival Regulation overhaul could be proposedBy Sarah Young and Paul Sandle LONDON, July 18 (Reuters) - Britain is expected to set out measures to fix its broken water sector on Monday as Thames Water teeters on...Reuters
Fri, Jul 18
Philippines' Marcos to discuss trade and security during U.S. visit as tariffs loom
MANILA, July 18 (Reuters) - Philippine President Ferdinand Marcos Jr will visit the United States next week with a clear message to President Donald Trump that the Philippines must become economically stronger if it is to serve as a truly robust partner, an official said on Friday.The visit, the fir...Reuters
Fri, Jul 18
S&P maintains stable sector view for European insurers
By Rebecca DelaneyJuly 18 - (The Insurer) - S&P Global Ratings has maintained its stable sector view for European insurers, the rating agency said on Thursday.In its mid-year outlook, S&P highlighted strong diversification at most European insurers, along with their ample capital surplus aga...Reuters
Fri, Jul 18
PBOC governor, Bank of America senior executive discuss economy, financial markets
BEIJING, July 18 (Reuters) - China's central bank governor Pan Gongsheng met Bank of America's president of international business Bernard Mensah earlier this week to discuss economic and financial matters, the People's Bank of China said in a statement on Friday.The Tuesday meeting incl...Reuters
Fri, Jul 18
Japan's super-long bonds rise as fiscal concerns ease
By Junko FujitaTOKYO, July 18 (Reuters) - Japanese government bonds rose on Friday as concerns over potential deterioration of fiscal health receded ahead of a closely watched national election. The 40-year JGB yield JP40YTN=JBTC fell as much as 8 basis points (bps) to 3.295%, and was last at 3...Reuters
Fri, Jul 18
German yield curve on track for fourth straight weekly steepening
By Stefano Rebaudo July 18 (Reuters) - The German yield curve was heading for its fourth straight week of steepening as investors shifted their focus to expansionary fiscal plans, pushing long-dated yields higher while short-dated ones held steady.Euro area government bond markets also took cues ...Reuters
Fri, Jul 18
