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PRESS DIGEST- Wall Street Journal - June 23
June 23 (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.- Bank of New York Mellon BK.N approached Northern Trust NTRS.O to express interest in a merger, but no specific offer was discussed. - Tesla...Reuters
Mon, Jun 23
Iran's parliament looking to suspend cooperation with UN nuclear watchdog - IRNA
DUBAI, June 23 (Reuters) - A parliamentary bill to suspend Iran's cooperation with the UN nuclear watchdog is under consideration, Ruhollah Motefakerzadeh, a member of parliament's presidium said on Monday according to state media. Iranian media also reported Parliament Speaker Mohammad Baqe...Reuters
Mon, Jun 23
Majority of ammunition initiative for Ukraine already pledged, says EU's foreign policy chief
BRUSSELS, June 23 (Reuters) - The large majority of the ammunition initiative for Ukraine has already been pledged, but more needs to be done, EU's foreign policy chief Kaja Kallas said on Monday ahead of a meeting with EU foreign ministers in Brussels. "I am happy to tell you that 80% of th...Reuters
Mon, Jun 23
FACTBOX -Airlines suspend Middle East flights
June 23 (Reuters) - Israel's strikes against Iran have prompted international airlines to halt flights to some Middle East destinations due to air space closures and safety concerns. As the conflict entered a new phase following the U.S. attack on Iranian nuclear sites , some airlines ...Reuters
Mon, Jun 23
US strike on Iran raises Strait of Hormuz disruption concerns
Iran vows to defend itself after US attack on nuclear sitesPrediction markets indicate 52% chance of Hormuz closure by 2025, Goldman Sachs saysLMA warns of potential Iranian or Houthi retaliationBy Michael Jones June 23 - (The Insurer) - Concerns have been raised over potential disruption to ship...Reuters
Mon, Jun 23
Howden: Climate volatility is turning insurability into a strategic priority
By Scott VincentJune 23 - (The Insurer) - Howden has called for the adoption of insurability as a basis for decision-making by governments and corporations, with a paper published by the broker urging leaders to elevate insurability in their risk, investment and policy strategies.The paper, released...Reuters
Mon, Jun 23
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
