News
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Trump says Fed should cut rates by a full point
June 6 (Reuters) - U.S. President Donald Trump on Friday called on the Federal Reserve to cut interest rates by a full point."'Too Late' at the Fed is a disaster! Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great. Go for a full point, Rocket Fuel!"...Reuters
Fri, Jun 6
CANADA RESEARCH ROUNDUP-Canadian National Railway ,Transat AT, Transcontinental
June 6 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Canadian National Railway ,Transat AT and Transcontinental on Friday. HIGHLIGHTS * Canadian National Railway Co CNR.TO: Scotiabank raises PT to C$165.00 from C$160.00* Transat AT ...Reuters
Fri, Jun 6
Deals of the day-Mergers and acquisitions
June 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1343 GMT on Friday: ** Hub International has announced the acquisition of two agencies: Mount Vernon, Washington-based Wycoff Insurance Agency and Carlsbad, California-based Scott Held Insurance Agency.nL...Reuters
Fri, Jun 6
OpenAI appeals data preservation order in NYT copyright case
June 6 (Reuters) - OpenAI is appealing an order in a copyright case brought by the New York Times that requires it to preserve ChatGPT output data indefinitely, arguing that the order conflicts with privacy commitments it has made with users. Last month, a court said OpenAI had to preserve an...Reuters
Fri, Jun 6
Swiss National Bank says UBS able to comply with new capital rules
BERLIN, June 6 (Reuters) - The Swiss National Bank said on Friday that UBS UBSG.S will be able to comply with the government's proposed adjustments to capital regulations and still distribute a large part of profits to shareholders due to a sufficiently long transition period."UBS has a prof...Reuters
Fri, Jun 6
Swiss National Bank backs proposals to strengthen banking regulations
ZURICH, June 6 (Reuters) - The Swiss National Bank on Friday gave its backing to Swiss government proposals to strengthen banking regulations in the areas of capital and liquidity requirements.The central bank said it also backed moves to support early interventions, and recovery and resolution plan...Reuters
Fri, Jun 6
Fiera Capital Corporation Announces $10 Million Exercise And Closing Of Over-Allotment Option In Connection With Bought Deal Public Offering Of 7.75% Senior Subordinated Unsecured Debentures
June 6 (Reuters) - Fiera Capital Corp FSZ.TO:FIERA CAPITAL CORPORATION ANNOUNCES $10 MILLION EXERCISE AND CLOSING OF OVER-ALLOTMENT OPTION IN CONNECTION WITH BOUGHT DEAL PUBLIC OFFERING OF 7.75% SENIOR SUBORDINATED UNSECURED DEBENTURESReuters
Fri, Jun 6
First Trust Announces Expected Effective Date Of First Trust Specialty Finance And Financial Opportunities Fund Reorganization Into Ft Confluence Bdc & Specialty Finance Income ETF
June 6 (Reuters) - First Trust Specialty Finance and Financial Opportunities Fund FGB.N:FIRST TRUST ANNOUNCES EXPECTED EFFECTIVE DATE OF FIRST TRUST SPECIALTY FINANCE AND FINANCIAL OPPORTUNITIES FUND REORGANIZATION INTO FT CONFLUENCE BDC & SPECIALTY FINANCE INCOME ETFReuters
Fri, Jun 6
Argent Institutional Trust Company To Acquire Corporate Trust And Institutional Custody Business From Huntington Bank
June 6 (Reuters) - Huntington Bancshares Inc HBAN.O:ARGENT INSTITUTIONAL TRUST COMPANY TO ACQUIRE CORPORATE TRUST AND INSTITUTIONAL CUSTODY BUSINESS FROM HUNTINGTON BANKReuters
Fri, Jun 6
France backs International Criminal Court after U.S. sanctions judges
PARIS, June 6 (Reuters) - France said on Friday it backed the International Criminal Court after Washington imposed sanctions on four ICC judges, and said it was renewing its call on the United States to withdraw all its sanctions against the court."France expresses its solidarity with the judge...Reuters
Fri, Jun 6
IMF says Latin America must maintain fiscal plans amid uncertainty
By Daniela Desantis ASUNCION, June 6 (Reuters) - Countries in Latin America should maintain prudent fiscal policies to strengthen their economies amid a swift escalation of trade tensions and policy uncertainty, Nigel Clarke, the International Monetary Fund's deputy managing director told Reu...Reuters
Fri, Jun 6
Germany's Merz says some US lawmakers have 'no idea' of scale of Russia's rearmament
By Friederike Heine and Andreas Rinke BERLIN, June 6 (Reuters) - Some U.S. lawmakers do not understand the scale of Russia's rearmament campaign, German Chancellor Friedrich Merz said on Friday, a day after he held talks with U.S. President Donald Trump in the White House. "I met ...Reuters
Fri, Jun 6
India's Modi says he has received invitation for G7 summit in Canada
NEW DELHI, June 6 (Reuters) - India Prime Minister Narendra Modi said on Friday that he had received an invitation from Canadian Prime Minister Mark Carney to attend the G7 Summit in Kananaskis later this month. "Look forward to our meeting at the Summit," Modi said in a post on X.Reuters
Fri, Jun 6
Russia responds to Trump-Musk feud with jokes, jibes and job offers
Trump-Musk feud being closely watched in Russia'Don't fight, guys!' says former Russian presidentState media boss mocks 'Industrial Revolution. Only in reverse'Kremlin says confident Trump will sort out the situation By Andrew OsbornJune 6 (Reuters) - The feud between Donald Tru...Reuters
Fri, Jun 6
MGAs still a hotbed of insurtech innovation, says Insurtech Insights 2025 panel
By Chris MunroJune 6 - (The Insurer) - The insurtech MGA market remains a hive of creativity with platforms launching new solutions for underserved markets while also developing novel and innovative protections for traditional classes of business.Those were just some of the points raised during a pa...Reuters
Fri, Jun 6
UBS buybacks may be hit by new capital rules: government
ZURICH, June 6 (Reuters) - UBS UBSG.S may be able to carry out fewer share buy-backs in future following proposals that it should hold higher levels of core capital, the Swiss government said on Friday.The government proposed higher capital requirements for the lender's foreign units as part of ...Reuters
Fri, Jun 6
UBS faces tough new Swiss banking sector rules
Swiss government proposes tougher capital rules for UBS post-Credit Suisse takeoverNew rules could require additional $26 billion in capitalUBS executives warn bank's competitiveness may sufferReforms also aim to strengthen regulator, enhance liquidity accessBy Ariane Luthi and Oliver Hirt BE...Reuters
Fri, Jun 6
