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Ageas Re grows book 20% at 1.1 despite softening market
Jan 28 - (The Insurer) - Ageas Re, the third-party reinsurance arm of Belgian insurance group Ageas, continued to grow its book of business at the recent 1 January renewals with its portfolio expanding by €34mn ($35.5mn) despite the backdrop of a softening market.Ageas Re posts 29% organic growth at...Reuters
Wed, Jan 29
Australia's defence minister says US counterpart Hegseth committed to Indo Pacific
By Kirsty Needham SYDNEY, Jan 29 (Reuters) - Australia's Defence Minister Richard Marles said he had spoken of the importance of American leadership in the Indo Pacific region in a "very warm" call with new U.S. Secretary for Defense Pete Hegseth on Wednesday.The United States is Canb...Reuters
Wed, Jan 29
BRIEF-Stellantis Takes Full Control Of eDCT Transmission Production Activities In France And Italy
Jan 29 (Reuters) - Stellantis NV STLAM.MI:TAKES FULL CONTROL OF EDCT TRANSMISSION PRODUCTION ACTIVITIES IN FRANCE AND ITALYHAS TAKEN FULL OWNERSHIP OF THE SHARES OF THE JOINT VENTURE CREATED IN 2018 WITH THE BELGIAN COMPANY PUNCH POWERTRAINWITH THIS DECISION, STELLANTIS ASSUMES FULL MANAGEMENT OF TH...Reuters
Wed, Jan 29
PRESS DIGEST -Wall Street Journal - Jan 29
Jan 29 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Kohl's KSS.N is cutting roughly 10% of its corporate workforce, two weeks after installing a new chief executive.- Sony Group 6758.T sai...Reuters
Wed, Jan 29
British retailer WH Smith posts higher revenue growth on robust travel demand
Adds background and details on North American division in paragraphs 2-5 Jan 29 (Reuters) - British travel retailer WH Smith SMWH.L reported on Wednesday a 4% rise in its group revenue for the 21-week period ended Jan. 25, fuelled by higher footfall as more people travelled during the Christmas h...Reuters
Wed, Jan 29
BRIEF-Carnival Corporation & PLC Announces Pricing Of $2.0 Billion Notes Offering
Jan 29 (Reuters) - Carnival PLC CCL.L:CARNIVAL PLC: CARNIVAL CORPORATION & PLC ANNOUNCES PRICING OF $2.0 BILLION 6.125% SENIOR UNSECURED NOTES OFFERING FOR REFINANCING AND INTEREST EXPENSE REDUCTIONCARNIVAL PLC - PROCEEDS TO REDEEM $2.03 BILLION 10.375% NOTES DUE 2028CARNIVAL PLC - EXPECTS TO RE...Reuters
Wed, Jan 29
Telefonica hires JPMorgan to sell Argentina business, Expansion reports
MADRID, Jan 29 (Reuters) - Spanish telecoms company Telefonica TEF.MC has hired investment bank JPMorgan JPM.N to evaluate a possible sale of Argentina business, newspaper Expansion reported on Wednesday, citing unidentified sources close to the process.Potential buyers include Luxembourg-based Mill...Reuters
Wed, Jan 29
Insurers rethink security for executives following UnitedHealthcare CEO shooting
By Henry GaleJan 10 - (The Insurer) - The killing of UnitedHealthcare CEO Brian Thompson in December has prompted insurance companies to reconsider their spending on security, which has previously varied widely across the industry.“There’s been a huge spike in demand,” Glen Kucera, president of enha...Reuters
Wed, Jan 29
American Axle to buy GKN automotive owner Dowlais in $1.44 billion deal
Recasts paragraph 1, adds premium and details on deal in paragraphs 2-3Jan 29 (Reuters) - U.S. autoparts maker American Axle and Manufacturing AXL.N will buy GKN Automotive owner Dowlais DWL.L in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion), the ...Reuters
Wed, Jan 29
BRIEF-American Axle To Acquire Dowlais In $1.44 Bln Deal
Jan 29 (Reuters) - Dowlais Group Plc DWL.L:RECOMMENDED COMBINATION WITH DOWLAISAAM TO ACQUIRE DOWLAIS IN CASH AND SHARE DEALCOMBINATION EXPECTED TO DELIVER $300 MILLION IN COST SYNERGIESSHAREHOLDERS TO RECEIVE 0.0863 AAM SHARES, 42 PENCE CASH PER SHARECOMBINATION VALUES DOWLAIS SHARES AT 85.2 PENCE ...Reuters
Wed, Jan 29
Alibaba releases AI model it claims surpasses DeepSeek-V3
Adds context on China's AI model price war in paragraphs 8-15. Changes media key words. Previous story in the series used CHINA-AI/DEEPSEEK-ALIBABA.By Eduardo Baptista BEIJING, Jan 29 (Reuters) - Chinese tech company Alibaba 9988.HK on Wednesday released a new version of its Qwen 2.5 artifici...Reuters
Wed, Jan 29
Ki's Allan: "New wave of digitisation" across lead and follow markets
By Rebecca DelaneyJan 27 - (The Insurer) - The application of AI in the (re)insurance industry is set to “usher in a new wave of digitisation”, particularly as changing market conditions in commercial lines bring greater scrutiny around cost and efficiency, according to Ki CEO Mark Allan.Speaking at...Reuters
Wed, Jan 29
US auto supplier American Axle to acquire UK's Dowlais in $1.44 bln deal
Jan 29 (Reuters) - British automotive parts supplier Dowlais DWL.L said on Wednesday that it would be acquired by U.S.-based autoparts maker American Axle and Manufacturing AXL.N in a cash-and-share deal, valuing the London-listed firm at 1.16 billion pounds ($1.44 billion).Reuters
Wed, Jan 29
Volkswagen considers US production sites for Audi, Porsche brands, Handelsblatt reports
FRANKFURT, Jan 29 (Reuters) - German carmaker Volkswagen VOWG_p.DE is considering setting up production sites in the United States for its high-end Audi and Porsche P911_p.DE brands to avert fallout from tariffs threatened by President Donald Trump, Handelsblatt reported on Wednesday.The newspaper, ...Reuters
Wed, Jan 29
Priests in Philippines accused of sex abuse remain in active ministry, US-based group says
By Mikhail Flores MANILA, Jan 29 (Reuters) - Philippine priests accused of sex abuse remain in active ministry in the Catholic-majority country, a U.S.-based abuse tracking group said on Wednesday, urging the country's bishops to take action and hold the alleged perpetrators accountable. Bish...Reuters
Wed, Jan 29
Surfing-Absent champions, fresh venues in focus as surfing's world tour begins
World champ Florence takes year off, but will be Pipeline wildcardGabriel Medina out early season due to chest injuryWomen's tour sees retirements, new contenders emergeBy Lincoln Feast Jan 29 (Reuters) - Surfing's world tour is set to get underway in the sport's spiritual homeland of...Reuters
Wed, Jan 29
JGB yields dip with US peers as investors eye Fed decision
By Brigid Riley TOKYO, Jan 29 (Reuters) - Yields of long- and superlong-term Japanese government bonds (JGB) slid on Wednesday as U.S. Treasury yields edged down, while investors awaited the Federal Reserve's first monetary policy decision of the year and remarks by Bank of Japan Deputy Gover...Reuters
Wed, Jan 29
Myanmar refugees face sudden discharge from Thai hospitals shuttered by US aid freeze
Clinics ordered to shut by Jan 31, aid workers sayTrump's aid freeze causes chaos in global aid sectorThai officials plan patient transfers, assess healthcare needsBy Panu Wongcha-um, Shoon Naing and Poppy McPherson BANGKOK, Jan 29 (Reuters) - Healthcare centres serving tens of thousands of r...Reuters
Wed, Jan 29
RPT-LVMH considers widening US footprint as CEO Arnault expresses France fatigue
Repeats story first published on Tuesday.By Tassilo Hummel, Mimosa Spencer PARIS, Jan 28 (Reuters) - Luxury giant LVMH LVMH.PA is "seriously considering" bulking up its production capacities in the United States, CEO Bernard Arnault said on Tuesday, praising a "wind of optimism" i...Reuters
Wed, Jan 29
