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China puts six-month limit on its ease of rare-earth export licenses, WSJ reports
June 11 (Reuters) - China is putting a six-month limit on rare-earth export licenses for U.S. automakers and manufacturers, The Wall Street Journal reported on Wednesday citing people familiar with the matter.Reuters
Wed, Jun 11
UK offers more investment for housing, seeks wider private capital
LONDON, June 11 (Reuters) - The British government said on Wednesday it would seek to draw in further private capital for, among other things, promoting housebuilding in England, by offering equity investments, loans and guarantees.As part of finance minister Rachel Reeves' multi-year spending r...Reuters
Wed, Jun 11
EXCLUSIVE-US warns against attending UN conference on Israel-Palestinian two-state solution
PARIS/WASHINGTON, June 11 (Reuters) - U.S. President Donald Trump's administration is discouraging governments around the world from attending a United Nations conference next week in New York on a possible two-state solution between Israel and the Palestinians. The cable, sent on June 10, says ...Reuters
Wed, Jun 11
Dynavax elects all four of its nominees after Deep Track proxy fight
June 11 (Reuters) - Biopharmaceutical company Dynavax Technologies DVAX.O on Wednesday defeated investment firm Deep Track Capital's effort to unseat directors when investors re-elected all four candidates, the company said.Deep Track, Dynavax's second-largest shareholder with a nearly 15% s...Reuters
Wed, Jun 11
CSU maintains forecast of 17 named storms and nine hurricanes
By Mia MacGregorJune 11 - (The Insurer) - Colorado State University has forecast an above-normal 2025 Atlantic Basin hurricane season, predicting 17 named storms and nine hurricanes between June 1 and November 30.The forecast numbers remain unchanged from CSU's April outlook.Of these hurricanes,...Reuters
Wed, Jun 11
Brown & Brown launches $4 billion offering as rating agencies react to Accession deal
By Michael LoneyJune 11 - (The Insurer) - Brown & Brown has launched a $4 billion aggregate offering of common stock to help fund its $9.4 billion acquisition of Risk Strategies parent Accession.The public offering of 39.2 million shares of its common stock, par value $0.10 per share, has been p...Reuters
Wed, Jun 11
Troops in Los Angeles can temporarily detain individuals, but no arrest authorities
LOS ANGELES, June 11 (Reuters) - U.S. military troops deployed to Los Angeles are allowed to temporarily detain individuals until law enforcement agents arrive to arrest them, a senior U.S. military official said on Wednesday.Major General Scott Sherman, who is leading the deployment of the 4,700 tr...Reuters
Wed, Jun 11
General Mills mulls sale of China Haagen-Dazs stores, Bloomberg News reports
June 11 (Reuters) - General Mills GIS.N is considering selling its Haagen-Dazs ice-cream stores in China, Bloomberg News reported on Wednesday, citing people familiar with the matter.The Minneapolis, Minnesota-based company may seek several hundred million dollars for the assets in a sale process th...Reuters
Wed, Jun 11
Nvidia to build first industrial AI cloud in Germany
Nvidia to expand tech centres in seven European countriesPlans to open 20 AI factories in EuropePartners with Mistral to create AI computing platformNvidia CEO to meet with Germany's Merz on Friday, source says AI in Europe to increase by factor of 10 in two years: CEOQuantum computing technolog...Reuters
Wed, Jun 11
Tennis-Fritz beats Halys to march into Stuttgart quarters
STUTTGART, Germany, June 11 (Reuters) - American second seed Taylor Fritz stepped up his Wimbledon preparations as he swept aside Frenchman Quentin Halys with a 6-3 7-6(6) victory to advance into the Stuttgart Open quarter-finals on Wednesday.The world number seven banged down 12 aces and struck 32 ...Reuters
Wed, Jun 11
Lutnick says US tariff levels on China won't change
June 11 (Reuters) - U.S. Commerce Secretary Howard Lutnick said on Wednesday that the 55% tariffs imposed by the United States on China will not change after a trade deal was struck between the two countries. A U.S.-China trade deal is "done," U.S. President Donald Trump said earlier in the ...Reuters
Wed, Jun 11
UN rights chief warns of $60 million funding shortfall
GENEVA, June 11 (Reuters) - The United Nations Human Rights Office faces a dire financial crisis with a shortfall of at least $60 million this year due to funding cuts from donor states, its head said on Wednesday."I will not be able to staff 11 countries with a human rights presence ... It will...Reuters
Wed, Jun 11
US Secretary of State Rubio seeking sanctions investigation of Harvard, NY Times reports
June 11 (Reuters) - U.S. Secretary of State Marco Rubio is pushing to investigate whether Harvard University violated federal sanctions, The New York Times reported on Wednesday, citing people familiar with the matter and documents reviewed by the newspaper. Rubio is pushing to investigate if Harvar...Reuters
Wed, Jun 11
Troop deployment to Los Angeles is about maintaining law and order, Pentagon chief says
WASHINGTON, June 11 (Reuters) - U.S. Defense Secretary Pete Hegseth said on Wednesday that the deployment of thousands of troops to Los Angeles was about maintaining law and order as federal agents do their job. "The mission in Los Angeles... it is about maintaining law and order on behalf o...Reuters
Wed, Jun 11
Bank of America expects markets business to post 13th quarter of revenue growth
NEW YORK, June 11 (Reuters) - Bank of America BAC.N expects its markets business could post a 13th consecutive quarter of revenue growth and investment banking fees could hit up to $1.2 billion in the second quarter, CEO Brian Moynihan said on Wednesday. "This quarter, we expect to grow mid-...Reuters
Wed, Jun 11
MTN Zakhele Futhi Launches Accelerated Bookbuild Offering Of Up To 23.8 Mln MTN Ordinary Shares
June 11 (Reuters) - Mtn Zakhele Futhi (RF) Ltd MTNZFJ.J:JSE: MTNZF - LAUNCH OF ACCELERATED BOOKBUILD OFFERING OF MTN GROUP LIMITED SHARES HELD BY MTNZFMTN ZAKHELE FUTHI (RF): LAUNCH OF ACCELERATED BOOKBUILD OFFERING OF UP TO 23.8 MILLION MTN ORDINARY SHARES HELD BY MTNZFReuters
Wed, Jun 11
Sustainable Finance Newsletter - The clash between fund firms and Republicans
By Ross Kerber June 11 (Reuters) - An epic courtroom battle in Texas could reshape how the largest fund managers run money if a judge allows antitrust claims from Republican-led states to move forward. You can read up about the unusual lawsuit below. In this busy news week, I'm also including...Reuters
Wed, Jun 11
S&P panel: ‘No sign of the apocalypse’ in casualty writers’ actions yet but tort reform needed
By Michael LoneyJune 11 - (The Insurer) - The casualty market is staying disciplined in its limit deployment in the face of legal system abuse including litigation funding and increasing use of time limit demands, leaders from Crum & Forster, American Financial Group, USAA and Travelers suggeste...Reuters
Wed, Jun 11
US Treasury's Bessent says London trade agreement will help stabilize US-China relationship
WASHINGTON, June 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that the framework agreement reached with China in London to implement last month's tariff-reducing trade deal to ease bilateral tariffs will help stabilize the U.S.-China economic relationship.Bessent told a...Reuters
Wed, Jun 11
AirAsia close to buying at least 100 Airbus jets in shift to A220, sources say
PARIS, June 11 (Reuters) - AirAsia CAPI.KL is in advanced discussions to place an order for at least 100 Airbus AIR.PA jets at next week's Paris Airshow, a deal likely to mark the introduction to its fleet of the planemaker's smallest jet, the A220, industry sources said.Malaysia-based low-c...Reuters
Wed, Jun 11
