News
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Italy's business lobby urges EU to expedite trade deals beyond US
MILAN, May 27 (Reuters) - Italy's main business lobby Confindustria on Tuesday called on the European Union to speed up trade agreements with other countries while it negotiates on tariffs with US President Donald Trump.Trump last week ratcheted up his trade war, announcing a 50% tariff on EU go...Reuters
Tue, May 27
US government may hold some U.S. Steel shares in Nippon Steel deal, Kyodo says
TOKYO, May 27 (Reuters) - The U.S. government may hold some of U.S. Steel's X.N shares as part of a deal to allow Japan's Nippon Steel 5401.T to acquire the American steelmaker, Kyodo news agency reported on Tuesday.Kyodo did not cite any sources for the information. Nippon Steel did not imm...Reuters
Tue, May 27
PREVIEW-Nvidia earnings to reveal hit from US export curbs on China
By Arsheeya Bajwa May 27 (Reuters) - Nvidia NVDA.O investors will look for definitive answers on how much U.S. chip curbs on China will cost the company when it reports results on Wednesday, even as a pullback in other regulations is expected to open up new markets.In a fresh effort to stymie Bei...Reuters
Tue, May 27
Disciplined growth
By David BullMay 27 - (The Insurer) - This week several hundred market executives will converge on New York City for our back-to-back E&S Insurer and Program Manager conferences and awards. Both the wholesale and MGA/programs segments are arguably reaching a critical juncture, where profitably s...Reuters
Tue, May 27
EU ministers approve new 150 bln-euro arms fund
Fund to use joint borrowing to give loans for defence projectsMove is response to Russia fears, doubts over US protectionScheme includes strong 'buy European' elementBy Andrew Gray BRUSSELS, May 27 (Reuters) - The European Union on Tuesday approved the creation of a 150 billion-euro (...Reuters
Tue, May 27
Scotiabank profit falls on weakness in Canadian banking unit
May 27 (Reuters) - Canadian lender Bank of Nova Scotia BNS.TO reported a fall in second-quarter profit on Tuesday, due to weakness in its Canadian banking unit. On an adjusted basis, it reported a profit of C$2.07 billion ($1.50 billion), or C$1.52 per share, for the quarter ended April 30, compare...Reuters
Tue, May 27
BRP Inc expected to post earnings of 40 cents a share - Earnings Preview
BRP Inc DOO.TO is expected to show a fall in quarterly revenue when it reports results on May 29 for the period ending April 30 2025The Valcourt Quebec-based company is expected to report a 13.5% decrease in revenue to C$1.757 billion from C$2.03 billion a year ago, according to the mean estimate...Reuters
Tue, May 27
BRP Inc expected to post earnings of 40 cents a share - Earnings Preview
BRP Inc DOO.TO is expected to show a fall in quarterly revenue when it reports results on May 29 for the period ending April 30 2025The Valcourt Quebec-based company is expected to report a 13.6% decrease in revenue to C$1.755 billion from C$2.03 billion a year ago, according to the mean estimate...Reuters
Tue, May 27
ANALYSIS-Retailers pummeled by Trump's trade war entertain more 'take-private' offers
Investment bankers expect more retailers to go private amid trade policy instabilityRetailers with controlling shareholders are prime targets for take-private deals3G Capital's long-term investment strategy suits volatile market conditionsBy Abigail Summerville NEW YORK, May 27 (Reuters) - Bo...Reuters
Tue, May 27
Texas poised to enforce age verification on Apple, Google app stores
Texas bill requires parental consent for app downloads under 18Apple, Google oppose bill citing privacy concernsMeta suggests app stores handle age verificationBy Stephen Nellis SAN FRANCISCO, May 27 (Reuters) - A bill that requires Apple AAPL.O and Alphabet's Google GOOGL.O to verify the age...Reuters
Tue, May 27
BREAKINGVIEWS-Tech titans clash over scraps of limited time
By Jennifer SabaNEW YORK, May 27 (Reuters Breakingviews) - Any smartphone is a window to a jostling crowd of apps: Meta Platforms’ META.O Facebook and Instagram, Alphabet’s GOOGL.O YouTube, Apple’s AAPL.O messaging service, and so on. The only constraint is the number of minutes in a day each user ...Reuters
Tue, May 27
Russia says Ukraine, backed by Europe, is trying to wreck peace talks
MOSCOW, May 27 (Reuters) - Russia's defence ministry said on Tuesday that Ukraine, backed by certain European countries, had taken several 'provocative steps' aimed at derailing Moscow-initiated direct peace talks with Kyiv.The first direct talks between Russia and Ukraine in over three ...Reuters
Tue, May 27
North American insurance composite drops 2.4% last week amid wider selloff
By Michael LoneyMay 27 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co fell 2.4% last week, with all 12 of its groups falling, although it beat all the broad market indices.Stonybrook and Weild highlighted “a sea of red in global equity and ...Reuters
Tue, May 27
German minister earmarks 110 billion euros for 2025 investment surge
By Holger Hansen BERLIN, May 27 (Reuters) - Germany will ramp up public investment to 110 billion euros ($125 billion) this year as part of efforts to modernise the economy and put it back on track for growth, Finance Minister Lars Klingbeil said on Tuesday."At the same time, we will implemen...Reuters
Tue, May 27
Bio-Thera Solutions And Hikma Pharmaceuticals Announce FDA Approval Of Starjemza Injection
May 27 (Reuters) - Bio-Thera Solutions Ltd 688177.SS:BIO-THERA SOLUTIONS AND HIKMA PHARMACEUTICALS ANNOUNCE FDA APPROVAL OF STARJEMZA® (USTEKINUMAB-HMNY) INJECTION, A BIOSIMILAR REFERENCING STELARA® (USTEKINUMAB) INJECTIONReuters
Tue, May 27
Endpoint security firm to offer outage warranty backed by Parametrix's insurance
By Henry GaleMay 27 - (The Insurer) - An undisclosed endpoint detection and response (EDR) security provider will provide its customers with a warranty against systems outages triggered by malfunctions, backed by insurance from MGA Parametrix, the company said.The insurance program is being offered ...Reuters
Tue, May 27
Former Willis CEO Plumeri named IAP chairman
By Navneeta NandanMay 27 - (The Insurer) - Insurance-focused investment bank Insurance Advisory Partners (IAP) has appointed former Willis chief executive Joe Plumeri to the newly created role of chairman, from September 1.He will also become an investor in the firm, the company announced on Tuesday...Reuters
Tue, May 27
Gaza humanitarian group is a 'distraction' from what is needed, UN says
GENEVA, May 27 (Reuters) - The work of a U.S.-backed private humanitarian organization tasked with distributing aid in Gaza is a distraction from what is needed such as the opening of crossing points, a U.N. spokesperson said on Tuesday."We do not participate in this modality for the reasons giv...Reuters
Tue, May 27
