News
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Independence is the 'DNA of central banks', Bundesbank president says
By Maria MartinezDURBAN, July 17 (Reuters) - The head of Germany's Bundesbank on Thursday warned against interfering with the independence of central banks, following U.S. President Donald Trump's attacks on Federal Reserve Chair Jerome Powell."Independence of central banks is the DNA of...Reuters
Thu, Jul 17
Marsh McLennan quarterly profit rises on strength in insurance business
July 17 (Reuters) - Insurance broker Marsh McLennan MMC.N reported a rise in second-quarter profit on Thursday, helped by robust performance in its risk and insurance services business. WHY IT'S IMPORTANT Individuals and businesses have kept spending on insurance policies even in a tough macroec...Reuters
Thu, Jul 17
Conifer gets A-minus capacity support for student housing program
By Chris MunroJuly 17 - (The Insurer) - Conifer Insurance Services has brought a new program to market aimed at property owners managing off-campus, privately owned housing for college students.The program is backed by capacity from an unnamed AM Best A-minus rated carrier, and is written on an admi...Reuters
Thu, Jul 17
Pope Leo says he hopes to visit Turkey later this year
ROME, July 17 (Reuters) - Pope Leo said on Thursday he hopes to travel to Turkey later this year for the 1,700th anniversary of a major Christian Church summit, in what would be the first foreign trip of his papacy. The early centuries of Christianity were marked by a lively debate about how Jesus c...Reuters
Thu, Jul 17
IDF completes design of parametric flood cover for Lagos State
By Henry GaleJuly 17 - (The Insurer) - A parametric flood insurance cover for Nigeria's Lagos State has now been designed and regulatory approvals secured, the Insurance Development Forum (IDF) said on Thursday.The next step would be for the state government to secure premium financing arrangeme...Reuters
Thu, Jul 17
Insteel Q3 sales rise more than expected on higher shipments, prices
OverviewInsteel fiscal Q3 net sales rose 23.4%, beating analyst expectations, per LSEG dataNet earnings increased to $15.2 mln, driven by higher shipments and pricingGross profit improved significantly, reflecting better market conditions and pricingOutlookCompany faces sourcing challenges due to re...Reuters
Thu, Jul 17
GE Aerospace Expects FY 2025 Adj EPS Of $5.60 - $5.80
July 17 (Reuters) - GE Aerospace GE.N:GE AEROSPACE Q2 ADJ EPS $1.66 VERSUS IBES ESTIMATE $1.43GE AEROSPACE Q2 ADJ TOTAL REVENUE $10.15 BILLION VERSUS IBES ESTIMATE $9.59 BILLIONGE AEROSPACE OUTLOOK FY 2025 ADJ EPS $5.60 - $5.80 VERSUS IBES ESTIMATE $5.63GE AEROSPACE OUTLOOK FY 2028 ADJ EPS $8.40GE A...Reuters
Thu, Jul 17
South Korea, Turkey leaders agree to cooperate on defence, nuclear, green energy
SEOUL, July 17 (Reuters) - South Korean President Lee Jae Myung and Turkish President Tayyip Erdogan agreed to advance cooperation in defence, nuclear power and green energy during a phone call on Thursday, Lee's office said in a statement.Reuters
Thu, Jul 17
Zelenskiy says deputy PM Stefanishyna to become new envoy to US
KYIV, July 17 (Reuters) - Ukraine's President Volodymyr Zelenskiy on Thursday said Olha Stefanishyna, a deputy prime minister responsible for Euro-Atlantic integration, would become the country's new ambassador to the United States.Zelenskiy wrote on Telegram that he had appointed her as the...Reuters
Thu, Jul 17
Israeli strikes kill 22 in Gaza, church late pope often called is damaged
Israel carries out new airstrikes in GazaHoly Family Church suffers damage in morning 'raid'Hamas sources cite lack of progress at ceasefire talks By Nidal al-Mughrabi and Crispian Balmer CAIRO/JERUSALEM, July 17 (Reuters) - Israeli forces killed at least 22 people in attacks in the Gaza ...Reuters
Thu, Jul 17
Fed's Beige Book: Inflation Not as Severe, Job Market Stable, But Both Under Strain
TradingKey - On Wednesday (16th), the Federal Reserve released the Beige Book, indicating that economic activity saw some improvement from late May through early July, but the overall outlook remains cautiously pessimistic.TradingKey
Thu, Jul 17
Bristol-Myers Squibb And Pfizer Will Sell Eliquis Directly To Patients At A Discounted Cash Price Starting Sept. 8 - WSJ
July 17 (Reuters) - BRISTOL-MYERS SQUIBB AND PFIZER WILL SELL ELIQUIS DIRECTLY TO PATIENTS AT A DISCOUNTED CASH PRICE STARTING SEPT. 8. - WSJSource text: https://tinyurl.com/2s93u74sReuters
Thu, Jul 17
Japan voters see little hope for tariff reprieve in car maker Mazda's hometown
Elections may weaken PM Ishiba, who secured no tariff reliefMazda faces 25% U.S. tariffs, imperilling Hiroshima's economyCompany forms tariff strategy team after U.S. sales dropBy Tamiyuki Kihara and Tom Bateman HIROSHIMA, Japan, July 17 (Reuters) - When car maker Mazda sneezes, everyone cat...Reuters
Thu, Jul 17
Price Forbes expands Lectio to include builders' risk coverage
By Navneeta NandanJuly 17 - (The Insurer) - Specialist broker Price Forbes has expanded its Lectio facility to include construction and builders' risk coverage, the company announced on Thursday.Lectio, which is the broker's exclusive cross-class facility, will follow pre-approved Lloyd'...Reuters
Thu, Jul 17
Cycling-Italian rider Privitera, 19, dies after crash in Giro della Valle d’Aosta
July 17 (Reuters) - Italian cyclist Samuele Privitera, 19, died following a crash during the opening stage of the Giro della Valle d’Aosta, his team Hagens Berman Jayco confirmed late on Wednesday.Privitera crashed during a descent, losing his helmet and colliding with a gate, Italian media reported...Reuters
Thu, Jul 17
Citizens Financial Expects Q3 NII Up About 3-4% Vs Q2, Earnings Presentation Shows
July 17 (Reuters) - Citizens Financial Group Inc CFG.N:CITIZENS FINANCIAL - CONTINUE TO BE COMFORTABLE WITH FY2025 GUIDE PROVIDED IN JANUARYCITIZENS FINANCIAL OUTLOOK Q3 NII UP ABOUT 3-4% VERSUS Q2 - PRESENTATIONReuters
Thu, Jul 17
Euro area yields edge up amid investor concerns over Powell's future
By Stefano Rebaudo July 17 (Reuters) - Euro area government bond yields edged higher on Thursday as investors remained uneasy over the potential dismissal of Federal Reserve Chair Jerome Powell.U.S. President Donald Trump said Wednesday he is not planning to fire Powell, but kept the door open to...Reuters
Thu, Jul 17
Texas Capital Bancshares Q2 adjusted EPS beats estimates, loans up 10%
OverviewRegional lender Texas Capital fiscal Q2 adjusted EPS of $1.63 beats analyst expectations, per LSEG dataCompany reports strong balance sheet growth; loans up 10% yr/yrTexas Capital repurchased 317,860 shares, showing confidence in financial positionOutlookCompany sees durable results through ...Reuters
Thu, Jul 17
