News
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Brazilian digital bank PicPay targets $2.5 billion valuation in US IPO
By Arasu Kannagi Basil Jan 20 (Reuters) - PicPay said on Tuesday it was targeting a valuation of up to $2.46 billion in its long-sought U.S. initial public offering, as Brazilian issuers return to New York after years-long drought. The Sao Paulo-based Brazilian digital bank is aiming to raise up ...Reuters
Tue, Jan 20
UBS also considering external CEO candidates, Bloomberg News reports
Jan 20 (Reuters) - UBS Group’s UBSG.S board is considering possible external candidates to succeed Sergio Ermotti as chief executive next year, alongside a list of internal contenders, Ermotti told Bloomberg News at the World Economic Forum in Davos on Tuesday.Ermotti, who oversaw the Swiss bank'...Reuters
Tue, Jan 20
ICE broke into Minnesota home, forced barely clothed man outside into snow
U.S. citizen recounts fear, shame after unexpected detentionOfficers broke down door, pointed weapons, cuffed himImmigrant from Laos has been U.S. citizen since 1991DHS said officers were pursuing sex offendersMan refused to be fingerprinted, so he was detained - DHSBy Maria Alejandra Cardona SAI...Reuters
Tue, Jan 20
UK ex-minister's lawyer wins 'SLAPP' appeal in latest loss for regulator
By Sam Tobin LONDON, Jan 20 (Reuters) - An Osborne Clarke partner on Tuesday won his appeal against a finding of misconduct over his representation of a then-British minister, in the latest defeat for English regulators bringing disciplinary action over allegedly improper legal threats.Ashley Hur...Reuters
Tue, Jan 20
Europe can't afford to be weak towards its enemies or allies, says Polish PM
WARSAW, Jan 20 (Reuters) - Appeasement is always a sign of weakness and Europe cannot afford to be weak, either against its enemies or allies, Polish Prime Minister Donald Tusk said on Tuesday on the social media platform X, without naming any specific countries. "Appeasement means no results...Reuters
Tue, Jan 20
US Postal Service opens bidding for last‑mile delivery access to raise revenue
By David Shepardson WASHINGTON, Jan 20 (Reuters) - The U.S. Postal Service said on Tuesday it is launching an online bidding platform to take proposals for access to its last‑mile delivery network, opening more than 18,000 destination delivery units and local processing centers nationwide to a br...Reuters
Tue, Jan 20
CANADA RESEARCH ROUNDUP-Arc Resources, Paramount Resources, Tourmaline Oil
Jan 20 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Arc Resources, Paramount Resources and Tourmaline Oil on Tuesday. HIGHLIGHTS Arc Resources Ltd ARX.TO: Jefferies cuts target price to C$27 from C$28 EQB Inc EQB.TO: BMO rais...Reuters
Tue, Jan 20
US Bancorp CEO warns of big hit to clients from Trump's credit card cap
By Arasu Kannagi Basil Jan 20 (Reuters) - U.S. Bancorp USB.N CEO Gunjan Kedia warned on Tuesday that President Donald Trump's proposed 10% cap on credit card interest rates would significantly impact its clients and the broader economy, echoing concerns raised by the banking industry. "...Reuters
Tue, Jan 20
France supports suspension of EU-US trade deal, foreign minister says
Jan 20 (Reuters) - France supports the suspension of a trade deal between the European Union and the U.S., Foreign Minister Jean-Noel Barrot told the French parliament on Tuesday, as a row over the future of Greenland intensified.U.S. President Donald Trump has threatened a further wave of tariffs o...Reuters
Tue, Jan 20
U.S. RESEARCH ROUNDUP-Alphabet, Micron Technology, Microsoft
Jan 20 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Alphabet, Micron Technology and Microsoft, on Tuesday. HIGHLIGHTS Alphabet Inc GOOG.O: Baird raises target price to $350 from $310American Express...Reuters
Tue, Jan 20
ICE crackdown creates double-edged campaign issue for Republicans and Democrats
ICE tactics spark public unease, affecting Republican campaign strategyDemocrats could gain House control, challenge Republican Senate majority: analystsRepublican senator criticizes ICE tactics, calls for oversight hearings with NoemBy David Morgan WASHINGTON, Jan 20 (Reuters) - President Donald...Reuters
Tue, Jan 20
Canada PM Carney strongly opposes US tariffs over Greenland
DAVOS, Switzerland, Jan 20 (Reuters) - Canadian Prime Minister Mark Carney said on Tuesday that the country strongly opposed any tariffs being imposed by the U.S. to further President Donald Trump's aim of acquiring Greenland.Trump announced tariffs on Saturday on imports from European allies th...Reuters
Tue, Jan 20
FACTBOX-Global drugmakers rush to boost US presence as tariff threat looms
Jan 20 (Reuters) - Global drugmakers are ramping up U.S. manufacturing and stockpiling inventory as the Trump administration considers a 100% tariff on imported branded and patented medicines.Although enforcement is delayed for companies investing in U.S. manufacturing, the policy has alread...Reuters
Tue, Jan 20
EU plan to phase-out high-risk tech draws fire from China's Huawei
European Commission announces new cybersecurity measuresIncludes phase-out of equipment from 'high-risk' suppliersProposed restrictions seen targeting Chinese techBy Foo Yun CheeBRUSSELS, Jan 20 (Reuters) - The EU plans to phase out components and equipment from high-risk suppliers in critic...Reuters
Tue, Jan 20
