News
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California to allow more girls in track and field finals after Trump pressure to drop transgender athlete
California to allow more girls in this week's high school track and field finalsEvents to have separate score for transgender athletesPresident Trump demands California prevent transgender girl from competing in championshipTrump threatened to withhold federal funding to state if demands not met...Reuters
Wed, May 28
Bank Handlowy to shift focus to corporate banking, sell consumer business
GDANSK, May 28 (Reuters) - Bank Handlowy BHW.WA, the Polish arm of Citigroup C.N, has announced a plan to shift its focus towards institutional banking and has agreed to sell its consumer banking business to VeloBank.Bank Handlowy aims to develop its institutional banking activities, which accounted...Reuters
Wed, May 28
Mubadala taps market with 10-year sukuk amid surge in debt issuance, IFR reports
May 28 (Reuters) - Abu Dhabi sovereign wealth fund Mubadala has tapped investors for the sale of 10-year sukuk, or Islamic bonds, adding to a flurry of debt deals in recent weeks including Aramco on Tuesday, fixed income news service IFR reported on Wednesday.The indicative price for the debt deal h...Reuters
Wed, May 28
Hong Kong regulator prods pension funds on US rating downgrade implications
May 28 (Reuters) - Hong Kong's pensions regulator has told the city's pension funds they may need to adjust their investment portfolios to reflect the impact of a downgrade to the U.S. sovereign credit rating, according to a statement. Ratings agency Moody's cut America's pristine s...Reuters
Wed, May 28
PRESS DIGEST- Wall Street Journal - May 28
May 28 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Elon Musk's SpaceX launched its starship rocket into space on Tuesday, which didn't meet several objectives after the company lost c...Reuters
Wed, May 28
Geopolitical headwinds may offset decline in total marine losses: Allianz
May 27 - (The Insurer) - Despite global shipping losses hitting a record low in 2024, the maritime sector is facing rising insurance risks associated with war, aging vessels and the increasing shadow fleet, according to Allianz Commercial’s Safety and Shipping Review 2025.Main cause of total loss in...Reuters
Wed, May 28
GlobalData extends ICG bid deadline, ends takeover talks with KKR
May 28 (Reuters) - Data platform GlobalData DATA.L on Wednesday extended the deadline to June 11 for private equity firm ICG ICGIN.L to make a firm takeover offer, while ending talks with KKR KKR.N after failing to reach an agreement on terms.Reuters
Wed, May 28
GlobalData Extends Deadline for ICG to Announce Firm Intention, Ends Discussions with KKR
May 28 (Reuters) - GlobalData PLC DATA.L:GLOBALDATA PLC ICG EUROPE FUND IX - EXTENSION OF RULE 2.6 DEADLINEGLOBALDATA PLC - ICG DEADLINE EXTENDED TO 11 JUNE 2025GLOBALDATA PLC - DISCUSSIONS WITH KKR TERMINATEDGLOBALDATA PLC - DEADLINE EXTENDED FOR ICG ONLYReuters
Wed, May 28
John Neal's legacy: Lloyd's grows GWP by 56% in six years
By Henry GaleMay 27 - (The Insurer) - In the second part of our look back at John Neal's time in charge at Lloyd's, we reflect on his efforts to grow the Lime Street market over the past six and a half years.John Neal aimed for $100 billion in premiums by 2026Lloyd's growth driven by rat...Reuters
Wed, May 28
Saudi carrier flyadeal to start flights to Syria, CEO says
MANILA, May 28 (Reuters) - Saudi budget carrier flyadeal could start flying to Syria as early as July, CEO Steven Greenway said on Wednesday, joining a handful of foreign airlines introducing or resuming flights to the country as sanctions against it are scaled back. "We got approvals last week ...Reuters
Wed, May 28
Gallagher Re names Aon's Jang as Korea CEO
By Navneeta NandanMay 28 - (The Insurer) - Gallagher Re announced on Wednesday that it has appointed Chulmin Jang as chief executive for its Korea business.The incumbent CEO of Gallagher Korea Phil Won Jeong will now become its chairman.Jang joins from Aon, where he was president of the Korea divisi...Reuters
Wed, May 28
Thor Explorations Reports Q1 Revenue Of $64.0 Million
May 28 (Reuters) - Thor Explorations Ltd THX.V:THOR EXPLORATIONS Q1 EBITDA USD 43.6 MILLIONTHOR EXPLORATIONS Q1 NET INCOME USD 34.4 MILLIONTHOR EXPLORATIONS LTD - REVENUE OF US$64.0 MILLION IN Q1 2025THOR EXPLORATIONS LTD - EBITDA OF US$43.6 MILLION IN Q1 2025THOR EXPLORATIONS - PRODUCTION GUIDANCE ...Reuters
Wed, May 28
US-based Guidewire Software plans to double India headcount in three years
By Sai Ishwarbharath B BENGALURU, May 28 (Reuters) - Guidewire Software GWRE.N, a U.S.-based insurance technology provider, plans to double its India headcount to 1,000 by the end of 2028 as it expands its professional services division, a top executive told Reuters.India's transformation fro...Reuters
Wed, May 28
Saba Capital Says CYN To Conduct Tender Offer For Up To 100% Of Shares
May 28 (Reuters) - Saba Capital: SABA CAPITAL REACHES AGREEMENT WITH CQS NATURAL RESOURCES GROWTH & INCOME PLCSABA CAPITAL - CYN TO CONDUCT TENDER OFFER FOR UP TO 100% OF SHARESSABA CAPITAL - ENTERS STANDSTILL AGREEMENT WITH CYNReuters
Wed, May 28
Stellantis names Antonio Filosa as its new CEO, source says
MILAN, May 28 (Reuters) - Automaker Stellantis STLAM.MI has appointed Italian Antonio Filosa as its new chief executive, a source close to the matter said on Wednesday.The new CEO succeeds Carlos Tavares, who quit the group in December after a sharp drop in profits and sales, especially in the Unite...Reuters
Wed, May 28
Japan's quick-fix for bond markets sets a global test case
Japan's plan to issue more shorter tenor bonds calms marketsLatest JGB auction shows investors still expect higher yieldsAnalysts expect other governments will pile more debt at short endBy Vidya Ranganathan and Carolina Mandl SINGAPORE/NEW YORK, May 28 (Reuters) - Japan, one of the world'...Reuters
Wed, May 28
Citigroup's Polish unit presents strategic plan to transition to institutional banking by 2027
GDANSK, May 28 (Reuters) - Poland's Citi Handlowy BHW.WA announced late on Tuesday that it has established new strategic development directions for years 2025 through 2027, on the condition that an agreement to sell its consumer business to VeloBank is sealed. Upon finalising the transaction, th...Reuters
Wed, May 28
China being provocative, ignoring olive branches, top Taiwan policymaker says
Taiwan's top China policy maker: Beijing ignoring our goodwill'Impossible' to accept Taiwan as part of People's RepublicChina says 'scheming' for independence precludes talksChina stages several rounds of war games near TaiwanBy Ben Blanchard and Yimou LeeTAIPEI, May 28 (Reut...Reuters
Wed, May 28
