News
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Bankinter bids for Brookfield's student residence platform, Cinco Dias reports
MADRID, May 21 (Reuters) - Spain's Bankinter BKT.MC has submitted a binding bid for Livensa, a student accommodation platform owned by Canadian fund Brookfield BAM.TO, in what would be one of the largest deals in the sector in recent years, Spain's Cinco Dias reported on Wednesday.The paper ...Reuters
Wed, May 21
Kuwait Investment Authority managing director warns: underweight America at your own risk
DOHA, May 21 (Reuters) - Kuwait Investment Authority (KIA) managing director Sheikh Saoud Salem Abdulaziz Al-Sabah warned investors on Wednesday not to discount the U.S. as an investment destination."I would say it very bluntly, underweight America at your own risk," he said in an economic f...Reuters
Wed, May 21
China urges US to abandon development of global anti-missile system
BEIJING, May 21 (Reuters) - China is concerned about a U.S. project to build the Golden Dome missile defence shield and urged Washington to abandon its development and deployment，a foreign ministry spokesperson said on Wednesday. U.S. President Donald Trump said on Tuesday he had selected a design f...Reuters
Wed, May 21
China, ASEAN complete negotiations on upgraded free trade deal
HONG KONG, May 21 (Reuters) - China and the Association of Southeast Asian Nations (ASEAN) have completed negotiations to further refine their free trade area to include the digital and green economy and other new industries, China's commerce ministry said on Wednesday.Reuters
Wed, May 21
RPT-ANALYSIS-Trump-Putin call on war in Ukraine is another blow to Kyiv and its allies
Ukraine and allies disappointed by Trump-Putin call - diplomatsNo sign of immediate US pressure on Moscow to push for peaceEurope and Ukraine agree to tighten sanctions neverthelessPutin appears in no rush to end the war he startedRussia makes battlefield gains, US aid to Ukraine uncertainBy Tom Bal...Reuters
Wed, May 21
Russia's MTS reports 88% drop in first-quarter net income
May 21 (Reuters) - Russia's largest mobile operator MTS MTSS.MM says:Q1 net income down 87.6% at 4.9 billion roubles ($60.79 million) owing to higher interest costs and the sale of its Armenian business in Q1 2024; Q1 revenue rose 8.8% to 175.5 billion roubles;Q1 operating income before deprecia...Reuters
Wed, May 21
Major exporters expect drop in trade volume after US tariff announcements: Allianz Trade
May 21 - (The Insurer) - Nearly 60% of exporters in major economies expect a negative impact from the U.S. government's "Liberation Day" tariff announcements, the latest Allianz Trade Global Survey has shown.The survey, which polled 4,500 companies across nine countries, found that 45% o...Reuters
Wed, May 21
Japan's super-long yields rise to all-time highs on fiscal, auction concerns
By Rocky SwiftTOKYO, May 21 (Reuters) - Yields on long-dated Japanese government bonds rose to new records on Wednesday in the wake of a poor auction result that cast doubt over debt sales looming in the weeks ahead. Super-long yields have been on the rise, following U.S. Treasury yields higher an...Reuters
Wed, May 21
Google, Volvo Cars deepen partnership to develop Android software for vehicles
By Nick CareyMay 21 (Reuters) - Volvo Cars and Alphabet's Google said on Wednesday the Swedish carmaker was now the lead development partner for Android automotive software, which should give its buyers access to new versions long before they are available via car industry rivals."We're ...Reuters
Wed, May 21
EU to review agreement with Israel over Gaza concerns, Kallas says
Diplomats said 17 out of the EU's 27 members backed the reviewInternational pressure on Israel has increased Israel foreign ministry rejects EU criticism BRUSSELS, May 20 (Reuters) - The European Union will review a pact governing its political and economic ties with Israel due to the "ca...Reuters
Wed, May 21
Tokio Marine mulls auto rate increases to stabilise domestic P&C profit
By Rebecca DelaneyMay 21 - (The Insurer) - Tokio Marine has said it is considering lifting rates in its domestic auto lines in a bid to offset rising vehicle repair costs and achieve its combined ratio target of 95% or below for the class.Speaking on a media call on Tuesday after the carrier publish...Reuters
Wed, May 21
PRESS DIGEST- New York Times business news - May 21
May 21 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- A top aide to DNI Tulsi Gabbard, Joe Kent, pressured intelligence officials to revise an assessment that contradicted Trump's ...Reuters
Wed, May 21
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
