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Walmart-backed PhonePe seeking to raise $1.5 billion from India IPO, Bloomberg News reports
June 23 (Reuters) - Walmart WMT.N-backed Indian fintech firm PhonePe is preparing to file preliminary documents for its initial public offering to raise as much as $1.5 billion, Bloomberg News reported on Monday, citing people familiar with the matter.Reuters
Mon, Jun 23
Fitch upgrades QBE financial strength ratings to AA minus
By Michael JonesJune 23 - (The Insurer) - Fitch Ratings has upgraded the insurer financial strength rating of QBE Insurance to AA-minus from A-plus and its long-term issuer default rating to A from A-minus.The rating agency said the upgrades reflected the group's sustained improvement in financi...Reuters
Mon, Jun 23
Pensana Signs MoU With American Resources Corporation & Reelement Technologies
June 23 (Reuters) - Pensana Plc:PENSANA: MOU WITH AMERICAN RESOURCES CORPORATION & REELEMENT TECHNOLOGIES TO DEVELOP SUSTAINABLE RARE EARTH SUPPLY CHAINPENSANA: PROPOSED OFFTAKE OF UP TO 20,000 TONNES/ANNUM OF ULTRA-CLEAN MIXED RARE EARTH CARBONATE FROM LONGONJO MINE OVER 5-YEAR PERIOD UNDER MOUReuters
Mon, Jun 23
Fitch: European insurance sector outlook remains neutral
By Michael JonesJune 23 - (The Insurer) - The outlook for the European insurance sector remains neutral at mid-year 2025 due to stable business conditions, despite a weaker economic outlook and heightened financial market volatility, Fitch Ratings said last week.Individual country outlooks for non-l...Reuters
Mon, Jun 23
Dalata Hotel Group Says Pandox Consortium Must Announce Firm Intention By 15 July 2025
June 23 (Reuters) - Dalata Hotel Group PLC DHG.I:DALATA HOTEL GROUP PLC DALATA HOTEL GROUP PLC: STATEMENT REGARDING ACQUISITION OF SHARES IN DALATA HOTEL GROUP PLCDALATA HOTEL GROUP PLC: PANDOX CONSORTIUM HAS NOT SUBMITTED ANY FURTHER PROPOSAL TO BOARDDALATA HOTEL GROUP PLC - PANDOX CONSORTIUM MUST ...Reuters
Mon, Jun 23
Strong performance and volatility elsewhere drive inflows to cat bond market
By Henry GaleJune 23 - (The Insurer) - Two years of strong returns for ILS funds and volatility in other asset classes have driven inflows of capital to the catastrophe bond market, with capital more than sufficient to support new and upsized issuances.Swiss Re's index tracking global cat bond r...Reuters
Mon, Jun 23
South Korea's Lee says Middle East situation is "very urgent"
SEOUL, June 23 (Reuters) - South Korean President Lee Jae Myung said on Monday that the situation in the Middle East was "very urgent" and financial markets were becoming unstable due to increasing uncertainty. Lee also called on his senior aides to prepare additional measures that could be ...Reuters
Mon, Jun 23
New Stellantis CEO Filosa to keep North America chief role
MILAN, June 23 (Reuters) - Stellantis' STLAM.MI Antonio Filosa on Monday unveiled a new management team on his first day as CEO for the world's fourth largest carmaker, saying he would retain the role of chief for the key North America market. Stellantis announced Filosa's appointment...Reuters
Mon, Jun 23
Iran's military warns US of heavy consequences for entering war on Israel's side
DUBAI, June 23 (Reuters) - Recent hostile action by the United States expanded the scope of legitimate targets for Iran's armed forces, a spokesperson for its Khatam al-Anbiya Central Headquarters said in a video shared on Monday.Ebrahim Zolfaqari said the U.S. should expect heavy consequences f...Reuters
Mon, Jun 23
PRESS DIGEST- New York Times business news - June 23
June 23 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Tesla TSLA.O deployed a small group of self-driving taxis picking up paying passengers on Sunday in Austin, Texas, with CEO Elon ...Reuters
Mon, Jun 23
CMA CGM says shipping activities are proceeding as normal in Middle East
PARIS, June 23 (Reuters) - France's CMA CGM said late on Sunday that its shipping activities were proceeding as normal in the Middle East region and that its operations and logistics chains remain unchanged."We continue to ensure full service coverage across all routes and ports of call, wit...Reuters
Mon, Jun 23
Norcros Says Johnson Tiles SA To Cease Manufacturing At Month-End
June 23 (Reuters) - Norcros PLC NXR.L:NORCROS PLC - JTSA OUTCOME OF STRATEGIC REVIEWNORCROS PLC - JOHNSON TILES SA TO CEASE MANUFACTURING AT MONTH-ENDNORCROS PLC: INVENTORY WILL CONTINUE TO BE SOLD, AS USUAL, THROUGH TILE AFRICANORCROS PLC - CLOSURE PROCESS EXPECTED TO BE CASH NEUTRALReuters
Mon, Jun 23
Oryzon Submits Phase III Trial Protocol For BPD Drug Vafidemstat To FDA
June 23 (Reuters) - Oryzon Genomics SA ORY.MC:SUBMITS TO FDA CLINICAL TRIAL PROTOCOL FOR ITS PHASE III PORTICO-2 TRIAL OF VAFIDEMSTAT IN BORDERLINE PERSONALITY DISORDER (BPD) PATIENTSPORTICO-2 TO EMPLOY TWO CLINICAL OUTCOME MEASURES FOR AGGRESSION AS PRIMARY ENDPOINTTO EMPLOY OVERT AGGRESSION SCALE-...Reuters
Mon, Jun 23
Theon Secures New Orders Worth EUR 50 Mln, Updates Revenue Guidance
June 23 (Reuters) - Theon International Plc THEON.AS:THEON SECURES C.€50 MILLION NEW ORDERS, DIRECTING REVENUE GUIDANCE TO THE UPPER RANGE (€430 MILLION)TOTAL ORDER INTAKE IN FY 2025 SURPASSES €160 MILLIONORDERS PROJECTED TO BE DELIVERED BY YEAR-END, GUIDANCE SET AT €430 MILLIONREPLENISHES DELIVERIE...Reuters
Mon, Jun 23
Antonio Filosa Announces New Stellantis Leadership Team on First Day as CEO
June 23 (Reuters) - Stellantis NV STLAM.MI:DOUG OSTERMANN, CFO, TAKES RESPONSIBILITY FOR MERGERS AND ACQUISITIONS AND JOINT VENTURESEMANUELE CAPPELLANO JOINS THE SLT IN HIS ROLE OF HEAD OF SOUTH AMERICA AND TAKES RESPONSIBILITY FOR STELLANTIS PRO ONE, THE COMPANY’S COMMERCIAL VEHICLES BUSINESS UNITN...Reuters
Mon, Jun 23
UK's Primary Health Properties offers $2.4 billion for Assura
June 23 (Reuters) - Britain's Primary Health Properties PHP.L on Monday proposed to buy healthcare real estate investor Assura AGRP.L for 53.3 pence per share, valuing it about 1.79 billion pounds ($2.4 billion), trumping a rival bid from KKR KKR.N and Stonepeak Partners. ($1 = 0.7444 pounds...Reuters
Mon, Jun 23
Indonesia urges all parties to renegotiate in response to U.S. attack on Iran
JAKARTA, June 23 (Reuters) - Indonesia, the world's largest Muslim-majority nation, urged all parties involved in the U.S. attack on Iran's nuclear sites to return to negotiations to achieve a permanent resolution to the conflict, its chief security minister said on Monday.Indonesia's cu...Reuters
Mon, Jun 23
Russia launches 352 drones, 16 missiles overnight, Ukraine's air force says
June 23 (Reuters) - Russia launched 352 drones and 16 missiles overnight targeting the Ukrainian territory, Ukraine's air force said on Monday. "The main direction of the attack was the city of Kyiv," the air force said on the Telegram messaging app.Reuters
Mon, Jun 23
