News
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BREAKINGVIEWS-Bezos Venice carnival typifies billionaire burnout
By Jennifer Saba NEW YORK, June 27 (Reuters Breakingviews) - What wedding gift do you give the creator of the everything store? Amazon.com AMZN.O founder Jeff Bezos is set to celebrate his union with Lauren Sanchez in Venice this weekend. The three-day bash has sparked protests in a place synony...Reuters
Fri, Jun 27
Miami's Brickell City Centre sold to Simon Property in up to $548.7 million deal
June 27 (Reuters) - U.S.-based shopping mall owner Simon Property Group SPG.N has acquired the parking and retail segments of Miami's Brickell City Centre for up to $548.7 million from Swire Properties 1972.HK, the Hong Kong-listed company said on Friday.Reuters
Fri, Jun 27
DIARY-Political and General News Events from June 27
June 27 (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
Fri, Jun 27
Soccer-FC Barcelona sells bonds, restructures stadium-revamp debt
MADRID, June 27 (Reuters) - FC Barcelona said on Friday it was selling 424 million euros ($498 million) in bonds as part of a deal to restructure the debt it contracted for its Camp Nou stadium renovation that allows it to postpone the first repayment to 2033 from 2028.The Spanish football club had...Reuters
Fri, Jun 27
Spectra launches certification of resilience for MSPs, forms cyber risk advisory board
By Mia MacGregorJune 27 - (The Insurer) - Bermudian cyber-focused startup Spectra has launched its certification of resilience for managed service providers (MSPs) and announced the formation of the Spectra cyber risk advisory board.The certification of resilience framework aims to address the gap b...Reuters
Fri, Jun 27
Inszone acquires Missouri-based Huffmaster Insurance
By Mia MacGregorJune 27 - (The Insurer) - Inszone Insurance Services has acquired Huffmaster Insurance, based in Monett, Missouri.Founded in 1990 by Susan and Kevin Huffmaster, the agency offers personal and commercial insurance products, including home, auto, recreational vehicles, business owners&...Reuters
Fri, Jun 27
Soccer-Established order prevails at Club World Cup as minnows make little impact
By Mark GleesonMIAMI, June 27 (Reuters) - The occasional threat of an upset result at the Club World Cup handed hope to the minnows of the world game but in the end the established order prevailed at the conclusion of the first round of the tournament in the U.S.All but three of the teams through to...Reuters
Fri, Jun 27
Donald Trump Ally Seeks To Buy DR Congo Mine As US Brokers Peace Deal - FT
June 27 (Reuters) - DONALD TRUMP ALLY SEEKS TO BUY DR CONGO MINE AS US BROKERS PEACE DEAL - FTFINANCIER GENTRY BEACH IN TALKS OVER RUBAYA COLTAN MINE AS WASHINGTON DANGLES INVESTMENTS TO ACCOMPANY END TO REGIONAL CONFLICT - FTSource text: https://tinyurl.com/mry9tkhuReuters
Fri, Jun 27
Ascot promotes O’Hara to deputy CUO, US financial and professional lines
By Mia MacGregorJune 27 - (The Insurer) - Ascot has appointed Tracy O’Hara as deputy chief underwriting officer for U.S. financial and professional lines, reporting to Jesse Paulson, Ascot U.S. chief underwriting officer.O’Hara joined Ascot in 2019 as a senior vice president for cyber and profession...Reuters
Fri, Jun 27
WHO says 'no evidence of harm' from thimerosal
June 27 (Reuters) - The World Health Organization said on Friday that thimerosal, a mercury-preservative used in some vaccines was not harmful, after the U.S. Centers for Disease Control and Prevention's vaccine advisory panel voted to recommend Americans receive seasonal influenza shots that ar...Reuters
Fri, Jun 27
Markel promotes Marshall to head of ILS
By Mia MacGregorJune 27 - (The Insurer) - Markel has promoted Bermuda-based Nikki-Lynn Marshall to head of insurance-linked securities (ILS). Marshall assumes her new role after just six months as senior director of strategic transactions. She first joined the company in 2022 as director of underwri...Reuters
Fri, Jun 27
Mabwell Announces Novel Drug Technology License Agreement With Qilu Pharmaceutical For Albipagrastim Alfa For Injection
June 27 (Reuters) - Mabwell Shanghai Bioscience Co Ltd 688062.SS:MABWELL ANNOUNCES NOVEL DRUG TECHNOLOGY LICENSE AGREEMENT WITH QILU PHARMACEUTICAL FOR ALBIPAGRASTIM ALFA FOR INJECTIONMABWELL SHANGHAI BIOSCIENCE - QILU PHARMACEUTICAL GRANTED EXCLUSIVE RIGHTS FOR LICENSED PRODUCT IN GREATER CHINAMABW...Reuters
Fri, Jun 27
Coastalsouth Bancshares Announces Uplist To New York Stock Exchange
June 27 (Reuters) - CoastalSouth Bancshares Inc COSO.PK:COASTALSOUTH BANCSHARES, INC. ANNOUNCES UPLIST TO NEW YORK STOCK EXCHANGECOASTALSOUTH BANCSHARES- EXPECTS THAT ITS COMMON STOCK WILL BEGIN TRADING ON NYSE UNDER SYMBOL, "COSO"Reuters
Fri, Jun 27
Generali agrees joint venture with Central Bank of India
By Edward CarronJune 27 - (The Insurer) - Generali has entered into a joint venture partnership with the Central Bank of India (CBI), marking a significant expansion of its presence in the Indian market, the company said on Friday.The Italian insurance giant will maintain a 74% stake in the venture...Reuters
Fri, Jun 27
Microsoft's next-gen AI chip production delayed to 2026, The Information reports
June 27 (Reuters) - Microsoft's MSFT.O next-generation Maia AI chip is facing a delay of at least six months, pushing its mass production to 2026 from 2025, The Information reported on Friday, citing three people involved in the effort. When the chip, code-named Braga, goes into production, it i...Reuters
Fri, Jun 27
UK's Wood Group discloses FCA investigation
June 27 (Reuters) - Wood Group WG.L said on Friday that Britain's Financial Conduct Authority was investigating its operations between January 1, 2023, and November 7, 2024, following the firm's announcement last year of a review of some contracts.The oilfield services provider said it would...Reuters
Fri, Jun 27
First Connect's Pinkovezky says ramps up growth in wake of Hippo spin-off
By James ThalerJune 27 - (The Insurer) - First Connect has seen significant growth since it was spun off from Hippo seven months ago, CEO Aviad Pinkovezky said.It has expanded from about 30 carriers and MGAs a few years ago, with new additions weekly, he said, adding: "We crossed 130 and are sti...Reuters
Fri, Jun 27
Israeli defence minister says he instructed military to prepare 'enforcement plan' against Iran
CAIRO, June 27 (Reuters) - Israeli Defence Minister Israel Katz instructed the military to prepare an enforcement plan against Iran following their 12-day air war, Katz said on Friday in a statement.The plan "includes maintaining Israel's air superiority, preventing nuclear advancement and m...Reuters
Fri, Jun 27
Eventual Treasury aims to use AI to minimize revenue leakage, boost insurers' cash flow and margins
By James ThalerJune 27 - (The Insurer) - Revenue AI firm Eventual Treasury aims to revolutionise how insurance companies handle their financial reconciliation processes, its CEO and co-founder Mohit Chawla told The Insurer TV."The money movement across the insurance value chain is broken all the...Reuters
Fri, Jun 27
