News
Important Only
Meta investors, Zuckerberg to square off at $8 billion trial over alleged privacy violations
WILMINGTON, Delaware, July 14 (Reuters) - Mark Zuckerberg is expected to appear as a star witness in an unusual $8 billion trial that kicks off this week at which the Meta CEO is accused of operating Facebook as an illegal enterprise that allowed users' data to be harvested without their consent.
Reuters
Mon, Jul 14
BREAKINGVIEWS-Guest view: The City of London requires a strategy
By Andrew Large LONDON, July 14 (Reuters Breakingviews) - A coherent strategy to foster the growth and competitiveness of the United Kingdom’s financial services sector is long overdue. Britain is the second-largest exporter of financial services in the Group of Seven rich economies. The industry...Reuters
Mon, Jul 14
Waters to merge with Becton's biosciences and diagnostics arm in $17.5 billion deal
July 14 (Reuters) - Waters Corp WAT.N will merge with Becton, Dickinson and Company's BDX.N Biosciences & Diagnostic Solutions business in a deal valued at about $17.5 billion, the companies said on Monday.Reuters
Mon, Jul 14
Kremlin says weapons and ammunition deliveries to Ukraine from U.S. are continuing
MOSCOW, July 14 (Reuters) - The Kremlin said on Monday that the big picture of U.S. President Donald Trump remarks about supplying Patriot air defence missiles to Ukraine was that U.S. arms and ammunition deliveries to Kyiv have continued and are still continuing.Trump did not say how many Patriots ...Reuters
Mon, Jul 14
Willis appoints Cousins as head of London market claims
By Navneeta NandanJuly 14 - (The Insurer) - Willis has expanded the remit of Adrian Cousins to include the role of head of London market claims, the broker announced on Monday.In his new role, Cousins will be responsible for overseeing and implementing key aspects of Willis’ global claims strategy, ...Reuters
Mon, Jul 14
CORRECTED-Textbook publisher McGraw Hill aiming to raise up to $537 million in US IPO
July 14 (Reuters) - U.S. publisher McGraw Hill is aiming to raise up to $536.6 million in its IPO, the company said on Monday, adding to a recent line up of public market hopefuls that are looking to tap an improvement in investor sentiment.Reuters
Mon, Jul 14
Advent-backed NIQ Global targets $1.2 billion raise in US IPO
July 14 (Reuters) - NIQ Global, a consumer intelligence company backed by private equity firm Advent International, said on Monday it aims to raise up to $1.2 billion in its planned initial public offering in the United States.Reuters
Mon, Jul 14
INSIGHT-Two-thirds of the DOJ unit defending Trump policies in court have quit
Federal Programs Branch loses nearly two-thirds of staff since Trump's electionExodus strains unit defending Trump's policies amid legal challengesPolitical appointees fill vacanciesBy Andrew Goudsward WASHINGTON, July 14 (Reuters) - The U.S. Justice Department unit charged with defend...Reuters
Mon, Jul 14
ANALYSIS-US bank M&A hopes revive under Trump regulators
Regulatory changes under Trump boost bank M&A prospectsRegional banks likely to pursue deals amid favorable conditionsGlobal systemically important banks face hurdles in M&A Federal Reserve eases criteria for 'well managed' bank statusVice Chair Bowman supports lighter regulation for...Reuters
Mon, Jul 14
ANALYSIS-Trump administration leaves Congress in dark on spending decisions
Trump administration criticized for lack of spending transparencySome congressional Republicans criticize lack of answersEducation funds held up amid programmatic review, OMB saysCongressional leaders demand VA request approval for fund redirectionsBy Bo Erickson WASHINGTON, July 14 (Reuters) - A...Reuters
Mon, Jul 14
Trump's spending bill will likely boost costs for insurers, shrink Medicaid coverage
Insurers face higher costs, may cut Medicaid coverageStates struggle with Medicaid work verification protocolsMedicaid changes could leave 7.8 million uninsured by 2034, CBO saysBy Amina NiasseNEW YORK, July 14 (Reuters) - President Donald Trump's spending bill is set to raise administrative cos...Reuters
Mon, Jul 14
Soccer-Club World Cup serves as 2026 dry run amid heat and pitch concerns
By Amy Tennery NEW YORK, July 14 (Reuters) - The inaugural 32-team Club World Cup wrapped up on Sunday with plenty of lessons learned for organisers FIFA, with the tournament in the United States, won by Chelsea, acting as a preview of the 2026 World Cup. A record 48 teams will descend on co-host...Reuters
Mon, Jul 14
Strong US defense spending draws investors to space startups, report says
By Jaspreet Singh and Akash Sriram July 14 (Reuters) - Space startups continued to draw investor dollars in the April-June period, making it the second strongest quarter on record for funding, as increased U.S. defense spending is expected to boost the sector's prospects, an industry report s...Reuters
Mon, Jul 14
ANALYSIS-A slew of T-bills coming? Money market funds say 'bring 'em on'
Money market funds ready to absorb increased T-bill supplyTreasury to issue $900 billion to $1.6 trillion in T-billsFed's reverse repos decline, could change money fund strategiesBy Gertrude Chavez-Dreyfuss NEW YORK, July 14 (Reuters) - More than $1 trillion in U.S. short-term bills are expec...Reuters
Mon, Jul 14
German exporters lose market share as competitiveness slips, Bundesbank says
By Maria MartinezBERLIN, July 14 (Reuters) - German exporters have lost significant ground in global markets since 2021 due mainly to a broad-based deterioration in the country's competitiveness, the Bundesbank said on Monday.According to the Bundesbank's monthly report, more than three-quar...Reuters
Mon, Jul 14
Kremlin says weapons and ammunition deliveries to Ukraine from U.S. are continuing
MOSCOW, July 14 (Reuters) - The Kremlin said on Monday that U.S. arms and ammunition deliveries to Ukraine have continued and are still continuing.Kremlin spokesman Dmitry Peskov said that Kyiv was obviously in no hurry on the third round of peace talks, adding that Russia was ready for them and awa...Reuters
Mon, Jul 14
'Very positive signs' from Washington on sale of Patriots for Ukraine, says Berlin
BERLIN, July 14 (Reuters) - There are "very positive signs" from Washington on the sale of Patriot air defence systems for Ukraine, a German defence ministry spokesperson said on Monday."Discussions are now being held on the modalities of implementation, i.e. how many systems there will ...Reuters
Mon, Jul 14
TABLE-EU Commission sells 2028 EU-Bonds at average yield of 2.186%
July 14 (Reuters) - The European Commission, on behalf of the European Union, carried out on Monday an EU-Bonds auction. The results of this auction are as follows: EU-Bonds04/07/20282.625%EU-Bonds04/07/20343.250%EU-Bonds05/10/20543.375%ISINEU000A4D5QM6 EU000A3K4D41EU000A3K4EY2Date of auction1...Reuters
Mon, Jul 14
