News
Important Only
ADNOC Drilling buys into SLB's Oman and Kuwait rig business
By Yousef SabaDUBAI, May 29 (Reuters) - ADNOC Drilling ADNOCDRILL.AD will acquire a 70% stake in oil services firm SLB's SLB.N onshore rig business in Oman and Kuwait for up to $112 million, creating a joint venture it seeks to double in the next year, its chief financial officer said on Thursda...Reuters
Thu, May 29
Oxford Risk Bermuda structure to unwind after North Carolina regulator rejects application
By Isha MaratheMay 28 - (The Insurer) – Risk Strategies-owned Oxford Risk Management Group (ORMG) will unwind the disputed transaction that transferred judgment preservation and financial guarantee-related risks to a recently formed Bermuda insurer after the onshore application to approve it was re...Reuters
Thu, May 29
Terrestrial Energy Announces Appointment Of Brian Thrasher As Chief Financial Officer And Brian Romanzo As General Counsel
May 29 (Reuters) - HCM II Acquisition Corp HOND.O:TERRESTRIAL ENERGY ANNOUNCES APPOINTMENT OF BRIAN THRASHER AS CHIEF FINANCIAL OFFICER AND BRIAN ROMANZO AS GENERAL COUNSELReuters
Thu, May 29
US backs Syria-Israel non-aggression agreement, US envoy to Syria says
DAMASCUS, May 29 (Reuters) - U.S. envoy for Syria, Thomas Barrack, said on Thursday that the United States believes peace between Syria and Israel is achievable, suggesting it should commence with a non-aggression agreement and a definition of borders and boundaries. Barrack said that President Dona...Reuters
Thu, May 29
CORRECTED-Kremlin says no plans yet for Putin-Trump call
MOSCOW, May 29 (Reuters) - Russian President Vladimir Putin currently has no plans to speak to U.S. President Donald Trump, Kremlin spokesman Dmitry Peskov said on Thursday.Trump has shown increasing frustration with Putin in recent days, warning on Tuesday the Russian leader was "playing with f...Reuters
Thu, May 29
China's Space Epoch conducts key test for reusable rocket ambitions
By Eduardo BaptistaBEIJING, May 29 (Reuters) - Chinese private rocket firm Space Epoch said on Thursday it had successfully run a flight recovery test, as China looks to catch up with the United States by developing its own version of a reusable rocket that can rival SpaceX's Flacon 9.As China a...Reuters
Thu, May 29
AM Best: New carriers instilling ‘renewed confidence’ in Florida market stability
By Michael LoneyMay 29 - (The Insurer) - The emergence of 13 new Florida insurers since reforms “will instill renewed confidence in market stability”, said AM Best, which also said the balance of power is shifting toward primary carriers ahead of the mid-year reinsurance renewals.In a new report, AM...Reuters
Thu, May 29
Morning News Call - Canada, May 29
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 Current Acc...Reuters
Thu, May 29
Merck, Daiichi withdraw US application for 'guided missile' cancer drug
May 29 (Reuters) - Merck MRK.N and Japan-based Daiichi Sankyo 4568.T said on Thursday they have withdrawn the U.S. application for an experimental lung cancer treatment, which belongs to a lucrative class of cancer therapies that work like "guided missiles".Reuters
Thu, May 29
US FDA asks Stealth BioTherapeutics to resubmit application for rare genetic condition therapy
May 29 (Reuters) - The U.S. Food and Drug Administration has asked for a resubmission of Stealth BioTherapeutics' marketing application for its experimental therapy targeting a rare genetic condition, Barth syndrome, the company said on Thursday. The drug developer added that it has implemented ...Reuters
Thu, May 29
Department store chain Kohl's quarterly loss smaller than expected
May 29 (Reuters) - Kohl's KSS.N reported a smaller quarterly loss than its previous forecast and maintained its annual targets on Thursday, as the U.S. department store chain focuses on its turnaround efforts to cut costs amid a choppy demand environment.The company, which fired its CEO earlier ...Reuters
Thu, May 29
South Korean navy patrol aircraft crashes killing 4 crew
SEOUL, May 29 (Reuters) - A South Korean maritime patrol aircraft crashed soon after takeoff near a military base in the southern city of Pohang on Thursday, killing all four crew members, the navy said.The P-3 aircraft went down about six minutes after it left the airfield on a training mission at ...Reuters
Thu, May 29
Best Buy cuts annual sales forecast
May 29 (Reuters) - Best Buy BBY.N slashed its annual comparable sales forecast on Thursday, on signs that consumer demand for big-ticket items such as appliances, home theater and gaming consoles will be pressured by U.S. tariffs. The top U.S. electronics retailer expects fiscal 2026 comparable sale...Reuters
Thu, May 29
