News
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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
Super-long JGB yields extend climb from multi-week lows after weak auction
TOKYO, May 28 (Reuters) - Long-dated Japanese government bond yields rose further from three-week lows on Wednesday, after demand at a closely watched 40-year bond auction dropped to its lowest level since July.Reuters
Wed, May 28
Russia says it downs 296 Ukrainian drones
MOSCOW, May 28 (Reuters) - Russia's defence ministry said on Wednesday that its air defence systems had downed 296 Ukrainian drones over 13 regions overnight.While world leaders bicker in public over the prospects for peace, the war is intensifying: swarms of drones are being launched by both si...Reuters
Wed, May 28
Russia detains French man who entered country on a paddle board
MOSCOW, May 28 (Reuters) - A French citizen who illegally crossed the Russian border on a paddle board from Estonia has been placed in detention for two months, a court in Russia's northern Leningrad region said.The man, who paddled from Estonia, was detained on the shore of the Narva reservoir ...Reuters
Wed, May 28
South Korea presidential frontrunner to seek phone call with Trump, if elected
SEOUL, May 28 (Reuters) - South Korea's leading presidential candidate Lee Jae-myung of the Democratic Party will seek a personal phone call with U.S. President Donald Trump, if elected, as the first step in engaging with Washington, Lee's foreign policy adviser said on Wednesday. Wi Sung-la...Reuters
Wed, May 28
REFILE-Japan's reusable rocket startup ISC eyes US test launch in December
By Kantaro Komiya YOKOHAMA, May 28 (Reuters) - A Tokyo-based rocket startup said on Wednesday it will test-launch a prototype in the United States in December using an American engine, aiming to achieve the first U.S.-Japan joint commercial launch and address Japan's rocket shortage.The glob...Reuters
Wed, May 28
Iran executes man accused of spying for Israel
DUBAI, May 28 (Reuters) - Iran executed a man accused of spying for Israel, according to a report from judiciary news outlet Mizan on Wednesday that identified him as Pedram Madani. Entangled in a decades-long shadow war with Israel, Iran has put to death many individuals it accuses of having links ...Reuters
Wed, May 28
Australia's opposition coalition reunites a week after split
By Alasdair PalSYDNEY, May 28 (Reuters) - Australia's conservative opposition coalition said on Wednesday it would reunite, a week after splitting over policy differences following a resounding election defeat.The Liberal and National parties have shared power for decades in state and federal po...Reuters
Wed, May 28
Demand at 40-year JGB auction sinks to lowest since July
May 28 (Reuters) - Demand at an auction of 40-year Japanese government bonds on Wednesday fell to the lowest since July, amid a selloff in so-called super-long debt this month. A measure of demand called the bid-to-cover ratio, which gauges total bids against the amount of...
Reuters
Wed, May 28
Germany says it is hosting Ukrainian president on Wednesday
BERLIN, May 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy is expected to arrive in Berlin on Wednesday for talks with German Chancellor Friedrich Merz, the German government, part of a diplomatic drive to end the war in Ukraine. According to a statement, Merz will receive Zelenskiy with mil...Reuters
Wed, May 28
Stellantis' board about to appoint Filosa as new CEO, Corriere says
ROME, May 28 (Reuters) - Automaker Stellantis STLAM.MI is about to appoint Italian manager Antonio Filosa as its new chief executive, the Corriere della Sera daily reported on Wednesday.According to the daily, which cited unspecified rumours, the company's board is due to meet in the coming hour...Reuters
Wed, May 28
Aeffe Terminates Early Its New York Showroom Lease Agreement
May 28 (Reuters) - Aeffe SpA AEF.MI:SAID ON TUESDAY IT HAD TERMINATED EARLY LEASE AGREEMENT OF NEW YORK PROPERTY USED AS SHOWROOM, OWNED BY FERRIM USATERMINATED LEASE AGREEMENT FOR ANNUAL RENT OF $0.9 MLN WAS DUE TO EXPIRE ON SEPT 2027 AEFFE TO RELOCATE SHOWROOM, OFFICES TO SMALLER SPACEDECISION IS ...Reuters
Wed, May 28
