News
Important Only
Ford Motor Company Is Recalling Some U.S. Vehicles As An Engine Stall Increases The Risk Of A Crash- NHTSA
July 10 (Reuters) - FORD MOTOR COMPANY IS RECALLING 850,318 U.S. VEHICLES - NHTSAFORD MOTOR COMPANY IS RECALLING SOME U.S. VEHICLES AS AN ENGINE STALL INCREASES THE RISK OF A CRASH.- NHTSASource text: https://www.nhtsa.gov/?nhtsaId=25V455000Reuters
Thu, Jul 10
Richard Li’s China insurance expansion talks stall amid backlash to father's port sale plan, Bloomberg reports
July 10 (Reuters) - Billionaire Richard Li's efforts to expand his insurance business into mainland China have been put on hold after Beijing reacted with fury to his father Li Ka-shing's plan to sell a suite of global ports to U.S. firm BlackRock BLK.N, Bloomberg News reported on Thursday.R...Reuters
Thu, Jul 10
Ford to recall over 850,000 US vehicles, citing low-pressure fuel pump failure
July 10 (Reuters) - Ford Motor F.N is recalling 850,318 vehicles in the U.S. as the low-pressure fuel pump may fail, which could result in an engine stall, the U.S. National Highway Traffic Safety Administration said on Thursday.Reuters
Thu, Jul 10
Ofcom revises Royal Mail targets, launches pricing review to reform postal service
Consultation on affordability review planned for next yearRoyal Mail's delivery targets for First and Second Class mail reducedChanges may help Royal Mail save up to 425 mln pounds - OfcomJuly 10 (Reuters) - Britain's media regulator set new minimum acceptable delivery deadlines for Royal Ma...Reuters
Thu, Jul 10
Euro zone yields dip as strong US Treasury auction supports global bonds
LONDON, July 10 (Reuters) - Euro zone bond yields inched lower in early trading on Thursday, as a strong U.S. Treasury auction in the previous session offered support to global government bonds. Germany's 10-year yield, the benchmark for the currency bloc, was down 1 basis point at 2.62%. It hit...Reuters
Thu, Jul 10
Polestar Recalls 969 U.S. Vehicles Over Electrical Malfunction From Corrosion In Wire Harness- NHTSA
July 10 (Reuters) - POLESTAR RECALlS 969 U.S. VEHICLES OVER ELECTRICAL MALFUNCTION FROM CORROSION IN WIRE HARNESS- NHTSASource: https://tinyurl.com/ykc4jhfpFurther company coverage: [A4N1y.F]Reuters
Thu, Jul 10
EU working "non-stop" to keep U.S. tariffs low, von der Leyen says
BRUSSELS, July 10 (Reuters) - The EU is working "non-stop" to reach an agreement with the United States aimed at keeping trade tariffs as low as possible, European Commission President Ursula von der Leyen said on Thursday."We are working non-stop to find an initial agreement with the Un...Reuters
Thu, Jul 10
EXCLUSIVE-US-owned company seized to feed Russia planning to supply China, North Korea instead
Moscow court hearing scheduled for July 11US owner of seized company is fighting to regain companyRussia has argued that Glavprodukt is a strategic assetCompany's sales drop, now planning to supply China, North KoreaBy Anna Hirtenstein and Alexander Marrow LONDON, July 10 (Reuters) - A U.S.-o...Reuters
Thu, Jul 10
Soccer-Pochettino wants to bring American winning mentality to US soccer
July 10 (Reuters) - United States manager Mauricio Pochettino said he wants to bring America's winning mentality to the national soccer team as they gear up for the 2026 World Cup on home turf.The former Tottenham Hotspur boss has been tasked with leading the U.S. at the showpiece event to be co...Reuters
Thu, Jul 10
Descartes hires Coface's Martin in latest move into credit risk insurance
By Henry GaleJuly 10 - (The Insurer) - Descartes Underwriting has hired Coface's Hélène Martin, a source close to the company told Parametric Insurer, in the latest indication that the parametric specialist is preparing to enter the credit risk insurance market.Descartes announced in September l...Reuters
Thu, Jul 10
All 31 workers escape uninjured after tunnel collapse in Los Angeles, officials say
By Gnaneshwar Rajan and Shubham KaliaJuly 9 (Reuters) - All 31 workers escaped without injuries from a collapsed industrial tunnel in Los Angeles' Wilmington area, after scrambling over a tall pile of loose underground soil, city officials said late on Wednesday.The trapped workers were shuttled...Reuters
Thu, Jul 10
Blackstone and Legal & General agree private credit tie-up
By Iain Withers LONDON, July 10 (Reuters) - British insurer Legal & General LGEN.L has entered a private credit partnership with Blackstone BX.N, the companies said in a statement on Thursday, becoming the latest finance firm to bulk up in the booming market of investors lending to companies....Reuters
Thu, Jul 10
Uniqlo operator Fast Retailing 9-month profit rises 12.2%
TOKYO, July 10 (Reuters) - Japan's Fast Retailing 9983.T, owner of the Uniqlo clothing brand, on Thursday posted a 12.2% rise in nine-month operating profit. Operating profit was 451 billion yen ($3.08 billion) in the nine months to May 31, against the consensus forecast of 458 billion yen, b...Reuters
Thu, Jul 10
Exclusive: Former Rethink CEO Prince partners with Artificial Labs to launch smart-follow MGA
Augmented to use AI-enhanced algorithmic underwriting for digital broker-carrier relationshipsAugmented targets property and terrorism, plans broader build-out through 2026Focus on broker-insurer relationship, not creating new marketplace, says PrinceBy Ryan HewlettJuly 10 - (The Insurer) - Former R...Reuters
Thu, Jul 10
Dp Poland Says Record Monthly Sales In May And June, 4.9% Ytd Increase
July 10 (Reuters) - DP Poland PLC DPP.L:TRADING UPDATEPLEASED WITH GROUP'S SALES PERFORMANCE AND STRATEGIC PROGRESS IN H1, AND WE LOOK FORWARD TO AN EXCITING SECOND HALF OF YEAR AND BEYONDRECORD MONTHLY SALES IN MAY AND JUNE, 4.9% YTD INCREASEReuters
Thu, Jul 10
Japan's Seven & i says profit rose 9.7% in Q1
TOKYO, July 10 (Reuters) - Japan's Seven & i Holdings 3382.T said on Thursday operating profit rose 9.7%% in the March to May quarter, beating analyst estimates. Profit was 65.1 billion yen ($445.19 million). That compared with an estimate of 58 billion yen from six analysts polled by LSEG. ...Reuters
Thu, Jul 10
Grafton Group Says Despite Macroeconomic Uncertainty, Medium-Term Outlook Remains Positive
July 10 (Reuters) - Grafton Group PLC GFTU_u.L:TRADING UPDATEH1 REVENUE £1.25 BILLION, UP 10.1% FROM 2024DESPITE MACROECONOMIC UNCERTAINTY, MEDIUM-TERM OUTLOOK REMAINS POSITIVEWE ARE NOT EXPECTING A SIGNIFICANT INCREASE IN VOLUMES THIS YEARMANAGEMENT TEAMS CONTINUE TO ACTIVELY MANAGE GROSS MARGIN &a...Reuters
Thu, Jul 10
Ofcom Sets Royal Mail New Backstop Delivery Targets To Protect People From Long Delays
July 10 (Reuters) - Ofcom: OFCOM - OFCOM: REFORMING THE POSTAL SERVICEOFCOM: SETS ROYAL MAIL NEW BACKSTOP DELIVERY TARGETS TO PROTECT PEOPLE FROM LONG DELAYSOFCOM: CHANGES MADE TO SECOND CLASS LETTER DELIVERIES TO PROTECT UNIVERSAL SERVICEOFCOM: TO REVIEW AFFORDABILITY OF POST AMID CONCERNS OVER ST...Reuters
Thu, Jul 10
