News
Important Only
US senators press antitrust enforcers over Rocket-Redfin deal
Democratic, Independent senators express concernsSay DOJ and FTC should consider effects on homebuyersDeal scheduled for shareholder vote WednesdayBy Jody Godoy June 4 (Reuters) - A group of U.S. Senators have demanded that federal antitrust enforcers explain why they did not seek to block Rocket...Reuters
Wed, Jun 4
RPT-NEWSMAKER-How Charlie Scharf got Wells Fargo out of the penalty box
Scharf's leadership credited for Wells Fargo's regulatory recoveryRegulators lift asset cap, allowing Wells Fargo to growBank was plagued by fake accounts scandal when CEO took overBy Nupur Anand NEW YORK, June 3 (Reuters) - When Charlie Scharf took over as Wells Fargo WFC.N CEO nearly si...Reuters
Wed, Jun 4
Ukraine invited to NATO summit in The Hague, Rutte says
BRUSSELS, June 4 (Reuters) - Ukraine is invited to the NATO summit in The Hague, which will take place in a few weeks, Mark Rutte, the military bloc's chief, told reporters on Wednesday ahead of a meeting with defence ministers in Brussels."I invited Ukraine to the summit. We will as soon as...Reuters
Wed, Jun 4
Deals of the day-Mergers and acquisitions
June 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Investors gave a thumbs-down to Toyota Motor's $33 billion take-private offer for Toyota Industries , highlighting concerns minority shareholders...Reuters
Wed, Jun 4
NATO to strengthen its deterrence with new ambitious targets - Rutte
BRUSSELS, June 4 (Reuters) - NATO allies will enhance their deterrence and defense capabilities by setting new, ambitious targets, NATO Secretary-General Mark Rutte said on Wednesday ahead of a meeting with defense ministers in Brussels, held a few weeks before the NATO summit in the Netherlands....Reuters
Wed, Jun 4
Autoliv raises dividend, reiterates 2025 guidance
STOCKHOLM, June 4 (Reuters) - Swedish Autoliv ALV.N, ALIVsdb.ST, the world's biggest maker of airbags and seatbelts, on Wednesday reiterated its outlook for 2025 and said it would raise its dividend for the third quarter to $0.85 per share from $0.70 in the second quarter.Autoliv said in a state...Reuters
Wed, Jun 4
Brookfield plans $10 billion AI data centre in Sweden
To create more than 1,000 permanent jobs, 2,000 temporary jobs Data centre to be in the Swedish city of StrangnasMunicipality to sell land only if all condition are metBy Supantha Mukherjee STOCKHOLM, June 4 (Reuters) - Brookfield Asset Management BAM.TO plans to invest up to 95 billion Swedish c...Reuters
Wed, Jun 4
Sagimet Biosciences Announces Positive Phase 3 Results For Denifanstat
June 4 (Reuters) - Sagimet Biosciences Inc SGMT.O:SAGIMET BIOSCIENCES ANNOUNCES POSITIVE PHASE 3 RESULTS FOR DENIFANSTAT FOR THE TREATMENT OF MODERATE-TO-SEVERE ACNE FROM PARTNER ASCLETISSAGIMET BIOSCIENCES INC - DENIFANSTAT MEETS ALL PRIMARY AND SECONDARY ENDPOINTS IN PHASE 3 TRIALSAGIMET BIOSCIENC...Reuters
Wed, Jun 4
Fed's Inaction Spurs Bessent to Act! U.S. Treasury Executes Record-Breaking Treasury Buyback
TradingKey - On Tuesday, June 3, at 2 p.m. EST, the U.S. Treasury announced the results of its unprecedented $10 billion Treasury buyback. This marks the largest single Treasury buyback operation in history.TradingKey
Wed, Jun 4
EU's Sefcovic says he had productive talks with US trade representative Greer
PARIS, June 4 (Reuters) - European Union Trade Commissioner Maros Sefcovic said on Wednesday that he had held productive talks with United States' trade representative Jamieson Greer, as the EU and U.S. try and find a deal over trade tariffs."Had a productive and constructive discussion with...Reuters
Wed, Jun 4
Autoliv Reiterates FY 2025 Guidance, Declares Q3 Dividend Of 85 Cents
June 4 (Reuters) - Autoliv Inc ALV.N:DECLARES A QUARTERLY DIVIDEND OF 85 CENTS FOR Q3 OF 2025REITERATES FULL YEAR 2025 GUIDANCEBOARD OF DIRECTORS APPROVED NEW STOCK REPURCHASE PROGRAM OF UP TO $2.5 BILLION EFFECTIVE JULY 1, 2025 THROUGH DECEMBER 31, 2029AMBITION OF AVERAGE ANNUAL SHARE REPURCHASES B...Reuters
Wed, Jun 4
ERS promotes Hall to managing director, Tillbrook named active underwriter
By Rebecca DelaneyJune 4 - (The Insurer) - Specialist motor insurer ERS has appointed Martin Hall as managing director with responsibility for the performance of Syndicate 218. In his new role, which is subject to regulatory approval, Hall will report directly to IQUW group CEO Peter Bilsby.Hall joi...Reuters
Wed, Jun 4
Top Philippine senator to seek dismissal of Duterte impeachment case
Draft resolution says Senate failed to act promptly on impeachmentPresident, vice president embroiled in a bitter rowDuterte a likely contender for 2028 presidencyBy Karen Lema, Mikhail Flores MANILA, June 4 (Reuters) - A top Philippine senator has drafted a resolution seeking to dismiss an impea...Reuters
Wed, Jun 4
Virgin Australia returns to stock market with launch of $443 million IPO
Virgin's IPO largest in Australia this year Institutional investors can bid for Virgin shares until ThursdayA successful listing would be seen as confidence in consumer spending By Scott MurdochJune 4 (Reuters) - Virgin Australia IPO-VIR.AX is set to return to the stock market after a five-year ...Reuters
Wed, Jun 4
Fitch downgrades Afreximbank to one notch above 'junk'
By Libby George LONDON, June 4 (Reuters) - Fitch downgraded Afreximbank's credit rating to one notch above junk on Wednesday, with a negative outlook, citing high credit risks and weak risk-management policies. The one-notch downgrade to BBB- comes as the African lender battles to protect its...Reuters
Wed, Jun 4
German cabinet approves 46 billion euro corporate tax relief package
BERLIN, June 4 (Reuters) - The German cabinet approved on Wednesday a first tax relief package worth 46 billion euros ($52.43 billion) from 2025 to 2029 to support companies and revive its sluggish economy, the government said.The aim is to boost investment with measures like favourable depreciation...Reuters
Wed, Jun 4
White House calls South Korea election 'fair,' expresses concern about Chinese influence
White House does not elaborate on concerns about ChinaInfluential Trump adviser Loomer says in post: "RIP South Korea"Rubio congratulates Lee, emphasizes US-South Korea allianceStatement could be 'cautionary message', analyst saysBeijing denies interfering with other countriesBy Jeff...Reuters
Wed, Jun 4
