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US Treasury sanctions leaders of Venezuelan gang Tren de Aragua
July 17 (Reuters) - The U.S. Treasury said on Thursday it has sanctioned the top leaders of Venezuelan prison gang Tren de Aragua for being involved in criminal activities including illicit drug trade, human trafficking and money laundering.The sanctions target Tren de Aragua's leader Hector Rus...Reuters
Thu, Jul 17
Hamilton appoints Karrenbauer group chief information officer
By Ashish TiwariJuly 17 - (The Insurer) - Bermuda-based Hamilton Insurance Group on Thursday appointed Raymond Karrenbauer group chief information officer, effective September 15. He will succeed Venkat Krishnamoorthy, and report to Hamilton Group's chief financial officer Craig Howie. Karrenbau...Reuters
Thu, Jul 17
Exclusive: Axa XL parts ways with primary construction casualty head McKinley
By James ThalerJuly 16 - (The Insurer) - Axa XL has parted ways with its primary construction casualty head Mike McKinley, with oversight of primary and excess construction being taken over by Ed Totten, sources familiar with the matter said.McKinley had been with Axa XL and its predecessor companie...Reuters
Thu, Jul 17
Mexico's Bimbo to invest $2 bln in the country through 2028
MEXICO CITY, July 17 (Reuters) - Mexican breadmaker Grupo Bimbo BIMBOA.MX will invest $2 billion in seven Mexican states through 2028, Bimbo's Mexico head Jose Manuel Gonzalez said on Thursday during President Claudia Sheinbaum's morning press conference. The investment will go towards stren...Reuters
Thu, Jul 17
Russia, commenting on Trump ultimatum over Ukraine ceasefire, says Moscow does not accept threats
MOSCOW, July 17 (Reuters) - The Russian Foreign Ministry said on Thursday that Moscow "did not accept threats" after U.S. President Donald Trump said he would give Moscow 50 days to reach a ceasefire in Ukraine or face sanctions.Trump on Monday announced a toughened stance against Russia ove...Reuters
Thu, Jul 17
Citi hires Goldman veteran Friedland to boost investment banking team
By Tatiana Bautzer and Niket Nishant July 17 (Reuters) - Citigroup C.N has hired David Friedland as co-head of North America investment banking coverage, its head of banking Vis Raghavan announced in an internal memo seen by Reuters on Thursday.Friedland will join the bank after a nearly 28-year...Reuters
Thu, Jul 17
ANALYSIS-Diageo's new CEO needs actions, not just words
Ex-CEO Crew struggled to win over investorsInterim CEO Jhangiani would make good permanent pick, investors sayWhoever takes over needs to fix debt, restore growthDiageo and entire spirits industry face tough environment By Emma Rumney LONDON, July 17 (Reuters) - Diageo's new interim CEO Nik J...Reuters
Thu, Jul 17
Allstate estimates $619 million in June catastrophe losses
By Isha MaratheJuly 17 - (The Insurer) - The Allstate Corporation has estimated catastrophe losses for June at $619 million or $489 million, after-tax.Catastrophe losses for June include 15 events, with approximately 70% of the losses related to three wind and hail events.Total catastrophe losses f...Reuters
Thu, Jul 17
Golf-Danish qualifier Olesen, world number 354, sets pace at Portrush
Olesen, Li, Fitzpatrick leadWind and rain make conditions hardMcIlroy among late startersBy Martyn HermanPORTRUSH, Northern Ireland, July 17 (Reuters) - World number 354 Jacob Skov Olesen of Denmark shot a serene four-under-par 67 to take the early British Open first-round lead in tough conditions a...Reuters
Thu, Jul 17
Gallagher Re: Negative rating actions outpace positive in US P&C market
By Mia MacGregorJuly 16 - (The Insurer) - Negative rating actions by AM Best in the U.S. property and casualty market have outpaced positive actions during the 2024-2025 period, with personal lines insurers facing particular pressure, according to a new report from Gallagher Re.The report, titled US...Reuters
Thu, Jul 17
Mexico's Bimbo to invest $2 bln in the country through 2028
MEXICO CITY, July 17 (Reuters) - Mexican breadmaker Grupo Bimbo BIMBOA.MX will invest $2 billion in seven states through 2028, Bimbo's Mexico head Jose Manuel Gonzalez said on Thursday during the presidential morning press conference.Reuters
Thu, Jul 17
US Senate passes aid, public broadcasting cuts in victory for Trump
$9 billion in cuts passes by narrow marginDemocrats, some Republicans, lament ceding control of spendingPublic broadcasting cuts could deprive rural US areas of newsBy Patricia Zengerle WASHINGTON, July 17 (Reuters) - The U.S. Senate early on Thursday approved President Donald Trump's plan fo...Reuters
Thu, Jul 17
India investigators say too early to draw conclusions on Air India crash cause
NEW DELHI, July 17 (Reuters) - India's aircraft accident investigation body said on Thursday it was too early to reach any "definite conclusions" on what led to the deadly Air India Boeing plane crash last month that killed 260 people."We urge both the public and the media to refrain...Reuters
Thu, Jul 17
Bundesbank head says tariffs may crush hopes for German growth
2025 recession 'cannot be ruled out', Nagel saysForecast 2026 growth also uncertainPressure on EU negotiators for August 1 deadlineBy Maria Martinez DURBAN, South Africa, July 17 (Reuters) - The head of Germany's Bundesbank warned on Thursday that the high import tariffs U.S. Presiden...Reuters
Thu, Jul 17
US appeals court orders dismissal of NRA lawsuit against New York official
NEW YORK, July 17 (Reuters) - A federal appeals court on Thursday ordered the dismissal of the National Rifle Association's lawsuit accusing a New York state official of violating its free speech rights by coercing banks and insurers to avoid doing business with the gun rights group.The 2nd U.S....Reuters
Thu, Jul 17
Wells Fargo On Report Of Banker Being Blocked From Leaving China Closely Tracking Situation
July 17 (Reuters) - Wells Fargo & Co WFC.N:WELLS FARGO ON REPORT OF BANKER BEING BLOCKED FROM LEAVING CHINA: CLOSELY TRACKING SITUATIONWELLS FARGO SAYS WORKING THROUGH APPROPRIATE CHANNELS SO EMPLOYEE CAN RETURN TO USReuters
Thu, Jul 17
EU needs to solve problems without joint debt, German minister says
By Maria Martinez DURBAN, South Africa, July 17 (Reuters) - The European Union should find solutions to its finances without using common borrowing, German Finance Minister Klingbeil told Reuters on Thursday.Klingbeil said the EU had joint debt in the last few years, but that was in a crisis situ...Reuters
Thu, Jul 17
