News
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Fusion Specialty names Berkshire Hathaway's Underhill as head of Americas
By Ashish TiwariJuly 16 - (The Insurer) - Fusion Specialty Insurance has appointed Robert Underhill as head of Americas, the M&A-focused MGA said on Wednesday.Underhill joins from Berkshire Hathaway Specialty Insurance, where he worked for nine years as global head of transactional liability. He...Reuters
Wed, Jul 16
Golf-R&A discussed Turnberry British Open with Trump's son
PORTRUSH, Northern Ireland, July 16 (Reuters) - R&A officials met with the son of U.S. President Donald Trump this year to discuss the possibility of golf's British Open returning to Turnberry, R&A Chief Executive Mark Darbon said on Wednesday.The Scottish course last staged the tourname...Reuters
Wed, Jul 16
CORRECTED-Johnson & Johnson beats profit estimates on strong Darzalex, medtech sales
By Michael ErmanJuly 16 (Reuters) - Johnson & Johnson JNJ.N reported second-quarter profit and raised its full-year sales forecast by around $2 billion on Wednesday as strong demand for its cancer drug, Darzalex, and strength in its medical device business helped it beat Wall Street expectations...Reuters
Wed, Jul 16
Progressive's Q2 net income more than doubles, combined ratio improves to 86.2%
By Ashish TiwariJuly 16 - (The Insurer) - Progressive reported a 118% increase in its quarterly net profit on Wednesday, along with strong premium growth and a 5.2 percentage point improvement in its combined ratio to 86.2%.Progressive’s net income for the second quarter increased to $3.18 billion, ...Reuters
Wed, Jul 16
Bank of America profit beats estimates as market turmoil boosts trading
BofA's trading revenue jumps 15%Investment banking fees lag rivals, slide 9%Net interest income grows 7% to $14.7 billionBy Pritam Biswas, Nupur Anand, Arasu Kannagi BasilJuly 16 (Reuters) - Bank of America BAC.N beat estimates for second-quarter profit on Wednesday, driven by tumultuous markets...Reuters
Wed, Jul 16
Clyde & Co names Roberts to chair UK insurance practice
By Ashish TiwariJuly 16 - (The Insurer) - Global law firm Clyde & Co has appointed Ian Roberts as chair of its UK insurance practice, the company announced on Wednesday.The newly created position is designed to help boost Clyde & Co’s growth plans in the UK insurance sector.In his new role, ...Reuters
Wed, Jul 16
Eswatini says it is holding U.S. deportees in prisons, aims to repatriate them
MBABANE, July 16 (Reuters) - Eswatini's government said on Wednesday that it was holding five third-country nationals deported from the United States in isolated prison units under a deal with President Donald Trump's administration, but sought to eventually send them home.The U.S. Homeland ...Reuters
Wed, Jul 16
US again asks Israel to halt Syria strikes, Axios reports
July 16 (Reuters) - U.S. President Donald Trump's administration asked Israel again on Wednesday to halt strikes on Syria and engage in dialogue with the government in Damascus, Axios reported, citing a senior U.S. official. Axios did not say whether that request came before or after Israeli str...Reuters
Wed, Jul 16
EU proposes 2 trillion seven-year EU budget, says Budget Commissioner
BRUSSELS, July 16 (Reuters) - The European Commission on Wednesday proposed a 2 trillion euro seven-year EU budget, EU Budget Commissioner Piotr Serafin said, kicking off a long and contentious negotiating process as the bloc seeks to invest more in new priorities such as defence and innovation.An a...Reuters
Wed, Jul 16
Greene County Bancorp Says Annual Dividend Rate Increased By 11.1% To $0.40 Per Share
July 16 (Reuters) - Greene County Bancorp Inc GCBC.O:GREENE COUNTY BANCORP INC - ANNOUNCES QTRLY $0.10 PER SHARE DIVIDENDGREENE COUNTY BANCORP, INC. ANNOUNCES CASH DIVIDEND INCREASEGREENE COUNTY BANCORP INC - ANNUAL DIVIDEND RATE INCREASED BY 11.1% TO $0.40 PER SHAREReuters
Wed, Jul 16
ANALYSIS-Zelenskiy aims to woo both public and Trump with fresh-faced Ukraine cabinet
Parliament to approve first new prime minister in five yearsPM tasked with boosting arms and economy, winning over TrumpUkrainians want political change but reject wartime electionsBy Dan Peleschuk KYIV, July 16 (Reuters) - Ukraine will get its first new prime minister of the war on Thursday, as ...Reuters
Wed, Jul 16
CatIQ reduces insured loss estimate for July 2024 Ontario flash flooding to C$899 million
By Navneeta NandanJuly 16 - (The Insurer) - Perils-owned CatIQ has estimated the one-year industry loss caused by the flash flooding on July 15 and 16, 2024, in southern Ontario to be C$899 million ($656.27 million).This is the fifth estimate of the event issued by CatIQ and represents a C$92 millio...Reuters
Wed, Jul 16
ASML says it may not achieve 2026 growth as chipmakers face US tariff uncertainty
Shares drop 10.5%, potentially worst day since OctoberASML Q2 bookings beat expectations on AI-related demandTariffs could raise high-end machine costs to 325 mln eurosIntel, Samsung internal issues weigh on ASMLChina machine sales share remain elevatedBy Nathan Vifflin and Ozan Ergenay AMSTERDA...Reuters
Wed, Jul 16
Diageo CEO Crew steps down as company pursues turnaround, cost cuts
CEO Debra Crew to be replaced by CFO Nik JhangianiDiageo maintains fiscal 2025 and 2026 forecastsShares up 4.5% before paring gainsBy Pushkala Aripaka and Emma Rumney July 16 (Reuters) - Diageo DGE.L CEO Debra Crew has stepped down after two years in the job, the world's biggest spirits maker...Reuters
Wed, Jul 16
Rubio, asked about Israeli strikes on Syria, says US concerned
WASHINGTON, July 16 (Reuters) - U.S. Secretary of State Marco Rubio, asked about Israeli strikes on Syria on Wednesday, said the United States was concerned, adding that he had just spoken to the relevant parties over the phone."We're going to be working on that issue as we speak. I just got...Reuters
Wed, Jul 16
DIARY-Political and General News Events from July 16
July 16 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY --------...Reuters
Wed, Jul 16
