News
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Essent adds Galda Joyce as board member
By Mia MacGregorMay 21 - (The Insurer) - April Galda Joyce has been appointed a board member at Essent, a private mortgage insurance and title insurance provider based in Radnor, Pennsylvania. In addition to her new role at Essent, Galda Joyce serves on the boards of Mereo Insurance Limited and Syme...Reuters
Wed, May 21
Chevron says one missing in Angolan offshore fire incident
CAPE TOWN, May 21 (Reuters) - Chevron's CVX.N Angolan business said on Wednesday that there was one person missing after an early morning fire at its Benguela Belize Lobito Tomboco (BBLT) offshore platform on Tuesday.Chevron subsidiary Cabinda Gulf Oil Company was working with relevant agencies ...Reuters
Wed, May 21
Aspen names Kattman head of inland marine
By Michael JonesMay 21 - (The Insurer) - Aspen Insurance has appointed Jon Kattman as head of inland marine, the company said on Wednesday.Based in Atlanta, Georgia, Kattman will lead Aspen’s inland marine underwriting team, focusing on underwriting strategy and risk management capabilities.Kattman ...Reuters
Wed, May 21
China Mobile closer to taking over Hong Kong broadband company HKBN, sources say
I Squared Capital drops bid after failing to secure CIC nod, sources sayChina Mobile offered HK$5.23 a share for HKBN in DecemberHKBN says still talking to various partiesBy Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE, May 21 (Reuters) - China Mobile 600941.SS, the world's biggest wireles...Reuters
Wed, May 21
Universal’s new Epic Universe park challenges Disney in Florida
Epic Universe poses competitive threat to Disney WorldComcast invests an estimated $7 billion in Epic Universe expansionAnalysts predict Epic Universe will attract millions, impact Disney attendanceBy Dawn Chmielewski ORLANDO, Florida, May 21 (Reuters) - For decades, Universal Orlando Resort was ...Reuters
Wed, May 21
PREVIEW-Canadian banks brace for trade uncertainty with more loan loss provisions in second quarter
Loan loss reserves expected to rise amid trade uncertaintyBMO, TD expected to show net income decline Slower loan growth, lower investment banking activity in focus By Nivedita Balu TORONTO, May 21 (Reuters) - Canada's big banks are expected to have shored up loan loss reserves in the second ...Reuters
Wed, May 21
Kremlin says Russia and U.S. should resume strategic stability contacts
MOSCOW, May 21 (Reuters) - The Kremlin said on Wednesday that the course of events meant that Russia and the United States should resume contacts about strategic stability.Kremlin spokesman Dmitry Peskov said that U.S. plans for the launch of the 'Golden Dome' anti-missile system was a sover...Reuters
Wed, May 21
ABB To Acquire France's Brightloop
May 21 (Reuters) - ABB LTD ABBN.S :TO ACQUIRE BRIGHTLOOP EXPANDING ITS OFF-HIGHWAY VEHICLE AND MARINE ELECTRIFICATION BUSINESSABB WILL ACQUIRE AN INITIAL 93% CONTROLLING INTEREST IN BRIGHTLOOP, AND EXPECTS TO ACQUIRE REMAINING 7% MINORITY INTERESTS IN 2028FINANCIAL TERMS WERE NOT DISCLOSEDTRANSACTIO...Reuters
Wed, May 21
Kremlin, asked if Vatican could host Russia-Ukraine peace talks, says no decision yet on venue
MOSCOW, May 21 (Reuters) - The Kremlin said on Wednesday that no decision had been made on a venue for Russia-Ukraine peace talks, responding to a question about whether they could be hosted by the Vatican.U.S. President Donald Trump said on Monday "it would be great" for Russia and Ukraine ...Reuters
Wed, May 21
ANALYSIS-Italians and 'lo spread', an obsession whose time has passed
Italian BTP-Bund spread near 4-year lowItalians fixated with yield gap since 2011 debt crisisAnalysts say economic changes have reduced its relevanceReasons for spread fluctuations often external to ItalyBy Stefano Bernabei and Gavin Jones ROME, May 21 (Reuters) - A previously unused English word...Reuters
Wed, May 21
Deals of the day-Mergers and acquisitions
May 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Russia's largest oil producer Rosneft ROSN.MM acquired Tomtor, the country's largest rare earth metal deposit, a companies registry showed, after President Vladimir Putin...Reuters
Wed, May 21
All Eyes on the 20-Year Treasury Auction — The First Big Test for U.S. Debt Demand After Moody’s Downgrade
TradingKey - Following Moody’s downgrade of the U.S. sovereign credit rating and growing concerns over Trump’s tax-cutting “Beautiful Big Bill,” global investors are closely watching the upcoming $16 billion auction of 20-year U.S. Treasury bonds, which will serve as the first major test of demand..TradingKey
Wed, May 21
Openai'S Biggest Data Center Secures $11.6 Billion In Funding- WSJ
May 21 (Reuters) - OPENAI'S BIGGEST DATA CENTER SECURES $11.6 BILLION IN FUNDING- WSJTHE DATA CENTER, EXPECTED TO BE OPENAI'S LARGEST, WILL USE UP TO 50,000 NVIDIA BLACKWELL CHIPS PER BUILDING - WSJSource text: https://tinyurl.com/ye5yp4nrReuters
Wed, May 21
Pope Leo appeals for Israel to allow humanitarian aid in Gaza
VATICAN CITY, May 21 (Reuters) - Pope Leo XIV on Wednesday appealed for Israel to allow humanitarian aid to enter the Gaza strip, calling the situation in the Palestinian enclave "yet more worrying and saddening"."I renew my appeal … to allow for the entry of fair humanitarian help and t...Reuters
Wed, May 21
China's Baidu reports first-quarter revenue tops estimates, signalling advertising recovery
May 21 (Reuters) - Search engine giant Baidu 9888.HK, BIDU.O on Wednesday reported its quarterly revenue rose by 3%, indicating some recovery in the Chinese advertising market.Revenue in the first quarter stood at 32.45 billion yuan ($4.50 billion), beating analysts' average estimate of 30.9 bi...Reuters
Wed, May 21
Kuwait sovereign wealth fund head says investors reduce US exposure at their 'own risk'
By Federico Maccioni and Andrew Mills DOHA, May 21 (Reuters) - The head of the Kuwait Investment Authority (KIA), which manages almost $1 trillion in assets, said the sovereign wealth fund is committed to investing in the U.S. and that investors cut allocations to U.S. assets at their own risk.So...Reuters
Wed, May 21
