News
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China, ASEAN complete negotiations on free trade area 3.0
HONG KONG, May 21 (Reuters) - China and the Association of Southeast Asian Nations (ASEAN) have completed negotiations for their free trade area version 3.0, China's commerce ministry said on Wednesday, with the formal signing to take place before the end of the year.Reuters
Wed, May 21
EFG International CEO Says CRO Hiring In 2025 Expected At Top End Of 50 to 70 Range
May 21 (Reuters) - EFG INTERNATIONAL AG EFGN.S:CEO ON CALL - MARKET VOLATILITY OF THIS YEAR HAS BEEN BOTH BENEFICIAL AND DETRIMENTAL TO OUR TOP LINECEO ON CALL - MARKET VOLATILITY SINCE APRIL LED TO A HIGHER LEVEL OF CLIENT ACTIVITY, IN PARTICULAR IN FOREIGN EXCHANGE TRADINGCEO ON CALL - EXPECT NEW ...Reuters
Wed, May 21
Exclusive: 11% more opt for premium travel insurance after Mapfre adds parametric cover
By Henry GaleMay 21 - (The Insurer) - Mapfre's Mawdy unit in Ireland recorded a 21% increase in the average premium of its travel insurance policies last year, according to a source close to the companies, as customers opted for higher-tier products that included a new automatic flight disruptio...Reuters
Wed, May 21
Loeb's Third Point Investors Ltd to become holding company with acquisition
Third Point Investors Ltd move addresses persistent discountDiscount persisted even after steps taken to mitigateTPIL expected to deliver mid-teens returns by end of 2027By Svea Herbst-Bayliss NEW YORK, May 21 (Reuters) - Billionaire investor Daniel Loeb is transforming his London-listed investme...Reuters
Wed, May 21
COLUMN-Even Warren Buffett makes statistical errors: Fridson
By Marty FridsonMay 21 (Reuters) - One person you wouldn’t expect to hear tout a statistical fallacy is Warren Buffett, but the legendary investor appeared to do just that at the recent Berkshire Hathaway BRKa.N annual meeting, a reminder of just how easy it is to fall into statistical traps.While s...Reuters
Wed, May 21
REFILE-Trump misjudged influence on Putin, German defence minister says
BERLIN, May 21 (Reuters) - U.S. President Donald Trump misjudged his influence on Russian President Vladimir Putin, Germany's defence minister said on Wednesday, after a phone call between the two leaders yielded no progress in Ukraine peace talks, prompting Europe to announce new Russia sanctio...Reuters
Wed, May 21
Putin visits Kursk region for first time since ejecting Ukrainian forces
MOSCOW, May 21 (Reuters) - Russian President Vladimir Putin visited the Kursk region for the first time since Russian forces ejected Ukrainian troops from the area.The Kremlin said on Wednesday that Putin met volunteer organisations in the region and visited the Kursk-II nuclear power plant.Reuters
Wed, May 21
South Korea vows more policy support, including for drugmakers, as US tariffs weigh
SEOUL, May 21 (Reuters) - South Korea pledged on Wednesday more support measures for key export industries such as biopharmaceuticals and autos, as U.S. President Donald Trump's sweeping tariffs weigh on the trade-reliant economy.Reuters
Wed, May 21
Taiwan's Foxconn says AI data centre with Nvidia to have 100 MW of power
TAIPEI, May 20 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker, said on Tuesday an artificial intelligence centre it has announced with Nvidia NVDA.O will be built in phases and is targeted to have 100 megawatts of power.
Reuters
Wed, May 21
PRESS DIGEST - Wall Street Journal - May 21
May 21 (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.- Super Micro Computer SMCI.O plans to expand its server production capacity in the U.S. as global demand for artificial intelligence accelera...Reuters
Wed, May 21
Abu Dhabi's G42 And WWT Launch Forge42
May 21 (Reuters) - G42:G42 AND WORLD WIDE TECHNOLOGY (WWT)LAUNCH FORGE42 TO ACCELERATE “MADE IN EMIRATES” AI INNOVATION - STATEMENTFORGE42 DESIGNED TO SERVE AS A LAUNCHPAD WHERE CUTTING-EDGE AI IS DEVELOPED, TESTED, AND SCALEDAS A FULL-STACK AI ACCELERATOR, FORGE42 PROVIDES THE INFRASTRUCTURE COMPAN...Reuters
Wed, May 21
Healthcare company ReproNovo raises $65 mln in financing round, led by Jeito Capital
May 21 (Reuters) - REPRONOVO: ReproNovo, a company dedicated to developing innovative treatments for reproductive medicine and women’s health, today announced the successful closing of a $65 million Series A financing round. The round was led by Jeito Capital, co-led by AXA IM Alts and founding inve...Reuters
Wed, May 21
Russia downs 159 Ukrainian drones, defence ministry says
MOSCOW, May 21 (Reuters) - Russia's defence ministry said on Wednesday that air defences shot down 159 Ukrainian drones over Russian regions.The majority were over Russia's western regions but at least six were shot down over the Moscow region, which has a population of over 20 million, the ...Reuters
Wed, May 21
Nvidia CEO praises Trump move to scrap some AI export curbs
TAIPEI, May 21 (Reuters) - U.S. export controls on artificial intelligence chips to China were "a failure" as they have cost American companies billions of dollars in lost sales, Nvidia NVDA.O Chief Executive Jensen Huang said on Wednesday.Reuters
Wed, May 21
IMF's Gopinath urges US to curb fiscal deficit, FT reports
May 21 (Reuters) - International Monetary Fund First Deputy Managing Director Gita Gopinath said U.S. fiscal deficits are too large and the country needs to tackle its "ever-increasing" debt burden, according to an interview published by the Financial Times on Wednesday.Gopinath told the FT ...Reuters
Wed, May 21
Avolta Prices EUR 500 Million Of Senior Notes
May 21 (Reuters) - AVOLTA AG AVOL.S:PRICES EUR 500 MILLION OF SENIOR NOTESSENIOR NOTES WILL HAVE A TERM OF SEVEN YEARS DUE IN 2032ANNUAL INTEREST RATE WILL BE 4.50% AND INTEREST WILL BE PAYABLE SEMI-ANNUALLY IN ARREARSPROCEEDS FROM OFFERING ARE EXPECTED TO BE USED TO REFINANCE AVOLTA'S OUTSTANDI...Reuters
Wed, May 21
Trump Organization to break ground on golf club in Vietnam amid trade talks
Groundbreaking near Hanoi scheduled on WednesdayUS President's son Eric Trump to attend event, organisers sayVietnam's top leaders invited to event by local authoritiesVietnamese negotiators in talks in US to avoid punitive tariffs By Phuong Nguyen and Francesco Guarascio HANOI, May 21 (R...Reuters
Wed, May 21
