News
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EU trade chief Sefcovic held new call with United States' Lutnick
BRUSSELS, May 30 (Reuters) - European Union Trade Commissioner Maros Sefcovic said on Friday that he had another call with U.S. Trade Secretary Howard Lutnick, as the EU and U.S. continue efforts to reach a deal on tariffs."Another call with U.S Secretary @howardlutnick. Our time and effort full...Reuters
Fri, May 30
EXCLUSIVE-Zeekr investors criticise Geely's $2.2 billion take-private bid as inadequate, say sources
Five early investors, including CATL and Intel Capital, have sent lettersSay offer values Zeekr far lower than some peers despite better prospectsGeely plans to merge Zeekr into Geely Auto unit HONG KONG/SHANGHAI, May 30 (Reuters) - China's Geely is undervaluing its premium electric car unit ...Reuters
Fri, May 30
S&P Says Volvo Cars Outlook Revised To Negative On Difficult Market Conditions
May 30 (Reuters) - S&P:S&P SAYS VOLVO CARS OUTLOOK REVISED TO NEGATIVE ON DIFFICULT MARKET CONDITIONS; 'BB+' RATING AFFIRMEDS&P SAYS US IMPORT TARIFFS, POTENTIAL REVISION OF EV TAX CREDITS, HEIGHTENED COMPETITION IN CHINA WILL IMPAIR VOLVO CARS' GROWTH FOR 2025-2027S&P SA...Reuters
Fri, May 30
EXCLUSIVE-Pakistan, India close to completing border troop reduction, senior Pakistani general says
Pakistan, India had built up troops along border region during conflictPakistani general warns of threat of escalation in futureMirza warns there might not be enough time for future international mediationBy Idrees Ali and Raju Gopalakrishnan SINGAPORE, May 30 (Reuters) - Pakistan and India are c...Reuters
Fri, May 30
NZ defence minister pledges more deployments, co-operation
NZ "back in the world", defence chief saysMilitary spending on track to double over next four yearsDeployments of marine patrol aircraft expandingBy Greg TorodeSINGAPORE, May 30 (Reuters) - New Zealand is seeking to expand Asia-Pacific military deployments in its quest to show it was now ...Reuters
Fri, May 30
US pushes security ally Australia to spend more on defence
By Kirsty Needham SYDNEY, May 30 (Reuters) - U.S. Defence Secretary Pete Hegseth has asked security ally Australia to increase defence spending in a meeting with Defence Minister Richard Marles on Friday in Singapore.The defence chiefs also discussed the need to significantly lift U.S. submarine ...Reuters
Fri, May 30
Powell and Trump Hold Rare Meeting: Not Lowering Interest Rates Is a Mistake, Says Trump
TradingKey - On Thursday, May 29, Federal Reserve Chair Jerome Powell met with U.S. President Donald Trump at the White House to discuss economic growth, employment, and inflation — marking their first face-to-face meeting since November 2019. Earlier this year, Trump had threatened to fire Powell..TradingKey
Fri, May 30
China calls on US to stop selling weapons to Taiwan
BEIJING, May 30 (Reuters) - China's foreign ministry said on Friday that the government firmly opposes U.S. arms sales to Taiwan and that they should stop.Ministry spokesperson Lin Jian made the comments at a daily news briefing in Beijing.Reuters
Fri, May 30
Generali returns to ILS market for windstorm and quake cat bond
May 30 - (The Insurer) - Italy-based insurer Generali has returned to the insurance-linked securities (ILS) market with a new catastrophe bond issuance, securing 200 million euros ($227 million) in coverage for windstorms in Europe and earthquakes in Italy.The Trieste-headquartered insurer has enter...Reuters
Fri, May 30
US court finds enough evidence to proceed with Grifols lawsuit against Gotham City
MADRID, May 30 (Reuters) - A New York court found enough evidence to continue with the defamation lawsuit filed by Spanish pharmaceutical company Grifols GRLS.MC against short seller Gotham City Research, Grifols said in a statement on Friday. Based on its findings, the Federal District Court for th...Reuters
Fri, May 30
John Neal's Legacy: Technology delays overshadow modernisation progress during CEO tenure
By Henry GaleMay 29 - (The Insurer) – In the last of our four articles looking back at John Neal’s tenure as CEO of Lloyd’s, we examine progress on market modernisation and efficiency.Neal’s stint at the helm of Lloyd’s saw perhaps the most ambitious modernisation plan the market has seen to date.Si...Reuters
Fri, May 30
BP names US oil and gas veteran Dave Hager as non-executive director
May 30 (Reuters) - BP BP.L on Friday said it has appointed U.S. oil and gas industry veteran David Hager as a non-executive director effective June 2.Hager held various roles at U.S.-based Devon Energy DVN.N, including as CEO between 2015 and 2021 and as executive chair between 2021 and 2023.Reuters
Fri, May 30
EXCLUSIVE-Synopsys halts China sales due to US export restrictions, internal memo shows
By Liam Mo and Brenda Goh BEIJING, May 30 (Reuters) - Semiconductor design software firm Synopsys SNPS.O has told staff in China to halt services and sales in the country and stop taking new orders to comply with new U.S. export restrictions, according to an internal letter reviewed by Reuters.Th...Reuters
Fri, May 30
EXCLUSIVE-Saudi warned Iran to reach nuclear deal with Trump or risk Israeli strike
Prince Khalid delivered King Salman's urgent message during Tehran tripRiyadh urged rapid progress on US-Iran nuclear talks, sources say Prince said Trump's approach leaves little room for drawn-out talksStalled deal could risk triggering Israeli military action, he warned By Samia Nakhoul...Reuters
Fri, May 30
Bund yields on track for weekly fall before German inflation data
May 30 (Reuters) - Euro zone benchmark Bund yields were on track for a weekly decline before German inflation data due to be released later in the session, as investors focused on the long-term adverse economic impact of U.S. trade policy.Germany's 10-year government bond yield DE10YT=RR, the eu...Reuters
Fri, May 30
Japan's Nomura committed to growth of US business, CEO says
By Anton Bridge TOKYO, May 30 (Reuters) - Nomura Holdings 8604.T, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday.The announcement of sweeping tariffs in April trigger...Reuters
Fri, May 30
Arrow Exploration Posts Q1 Total Oil & Natural Gas Rev Up 36% To $19.5 Mln
May 30 (Reuters) - Arrow Exploration Corp AXL.V:ARROW EXPLORATION Q1 ADJUSTED EBITDA USD 11.5 MILLIONARROW EXPLORATION CORP - Q1 2025 ADJ EBITDA INCREASES 15% TO $11.5 MLNARROW EXPLORATION CORP - Q1 2025 TOTAL OIL AND NAT GAS REVENUE INCREASES 36% TO $19.5 MLNReuters
Fri, May 30
