News
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Brazil's IBC-Br economic activity up 0.8% in March
BRASILIA, May 19 (Reuters) - Brazil's IBC-Br economic activity index rose a seasonally adjusted 0.8% in March from the previous month, the central bank said on Monday, beating the 0.5% increase forecast in a Reuters poll of economists.The March reading put activity in the first quarter 1.3% high...Reuters
Mon, May 19
Billionaire Richard Li's FWD Group again files for Hong Kong listing
May 19 (Reuters) - FWD Group, a Hong Kong-based insurer backed by billionaire Richard Li, said on Monday it has again applied to list on the main board of the Hong Kong Exchanges and Clearing Limited (HKEX).The company did not give any financial or other details.Its previous attempts to go public we...Reuters
Mon, May 19
RPT-BREAKINGVIEWS-India's embrace of hot money will pay off slowly
By Shritama Bose MUMBAI, May 19 (Reuters Breakingviews) - India is shaking off a decade-old suspicion of flighty foreigners. Officials are easing rules to let them own more of its $600 billion of company debt and smoothing access to treasuries. Global economic conditions do not favour an immediat...Reuters
Mon, May 19
EY negligently missed huge fraud at collapsed hospital operator, $3 bln UK trial hears
By Sam Tobin LONDON, May 19 (Reuters) - EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for the firm's administrators described as disgraceful auditing, at the start of a roughly $3 billion London trial on Monday.The administrators of N...Reuters
Mon, May 19
IES Holdings Appoints Matthew Simmes To Succeed Jeffrey Gendell As CEO
May 19 (Reuters) - IES Holdings Inc IESC.O:IES HOLDINGS, INC. APPOINTS MATTHEW SIMMES TO SUCCEED JEFFREY GENDELL AS CHIEF EXECUTIVE OFFICERIES HOLDINGS INC - GENDELL TO BECOME EXECUTIVE CHAIRMAN AND CONTINUE LEADING BOARDReuters
Mon, May 19
Former US President Biden diagnosed with 'aggressive' prostate cancer
Biden, family reviewing treatment optionsBiden's health was scrutinized amid 2024 reelection bid Biden was oldest to win US presidency until TrumpBy Joseph Ax and Nandita Bose May 18 (Reuters) - Former U.S. President Joe Biden has been diagnosed with an "aggressive form" of prostate c...Reuters
Mon, May 19
Motor racing-Imola faces the chop and Verstappen will feel the loss
By Alan Baldwin IMOLA, Italy, May 19 (Reuters) - Max Verstappen has won four times in a row at Imola but a fifth next year looks unlikely with Formula One set to drop the Italian circuit.There is no contract for 2026 and Formula One chief executive Stefano Domenicali, who was born and grew up in ...Reuters
Mon, May 19
Elbit Systems signs $55 million Israeli helicopter protection systems deal
TEL AVIV, May 19 (Reuters) - Israel has signed a five-year $55 million contract with Elbit Systems ESLT.TA, ESLT.O for advanced protection systems for the Air Force's Black Hawk and Apache combat helicopters, the defence ministry said on Monday.The project includes technology to ensure maximum p...Reuters
Mon, May 19
Sanmina Announces Acquisition Of Data Center Infrastructure Manufacturing Business Of ZT Systems From AMD
May 19 (Reuters) - Advanced Micro Devices Inc AMD.O:SANMINA ANNOUNCES ACQUISITION OF DATA CENTER INFRASTRUCTURE MANUFACTURING BUSINESS OF ZT SYSTEMS FROM AMDADVANCED MICRO DEVICES INC - DEAL VALUED UP TO $3 BILLION INCLUDING CONTINGENT CONSIDERATIONADVANCED MICRO DEVICES INC - ZT SYSTEMS ANNUAL NET ...Reuters
Mon, May 19
Altimmune Announces Initiation of RECLAIM Phase 2 Trial Evaluating the Efficacy and Safety of Pemvidutide in Alcohol Use Disorder
May 19 (Reuters) - Altimmune Inc ALT.O:ALTIMMUNE ANNOUNCES INITIATION OF RECLAIM PHASE 2 TRIAL EVALUATING THE EFFICACY AND SAFETY OF PEMVIDUTIDE IN ALCOHOL USE DISORDER (AUD)ALTIMMUNE INC - IMPACT PHASE 2B TRIAL TOPLINE DATA EXPECTED IN Q2 2025ALTIMMUNE INC - PHASE 2 TRIAL IN ALD TO INITIATE ENROLLM...Reuters
Mon, May 19
Sanmina to buy ZT Systems' manufacturing business from AMD in $3 billion deal
May 19 (Reuters) - Sanmina SANM.O said on Monday it has entered into an agreement to acquire the data center infrastructure manufacturing business of ZT Systems from chipmaker AMD AMD.O in a deal valued at about $3 billion.AMD had earlier acquired ZT Systems.Reuters
Mon, May 19
Klarna swings to $3 mln adjusted profit in Q1
COPENHAGEN, May 19 (Reuters) - Swedish fintech Klarna, which last month paused plans for an initial public offering, reported a first-quarter adjusted profit of $3 million on Monday, lifted by growing volumes in the United States and efficiency gains from artificial intelligence.Klarna's compara...Reuters
Mon, May 19
Zai Lab Receives U.S. FDA Fast Track Designation For Zl-1310, A Dll3-Targeted Antibody-Drug Conjugate, For Treatment Of Extensive-Stage Small Cell Lung Cancer
May 19 (Reuters) - Zai Lab Ltd 9688.HK:ZAI LAB RECEIVES U.S. FDA FAST TRACK DESIGNATION FOR ZL-1310, A DLL3-TARGETED ANTIBODY-DRUG CONJUGATE, FOR TREATMENT OF EXTENSIVE-STAGE SMALL CELL LUNG CANCERZAI LAB LTD - TO INITIATE PIVOTAL STUDY FOR ZL-1310 IN 2025Reuters
Mon, May 19
Xanadu Mines Ltd - And Bastion Enter Bid Implementation Agreement For Takeover
May 19 (Reuters) - Xanadu Mines Ltd XAM.AX:XANADU MINES LTD - AND BASTION ENTER BID IMPLEMENTATION AGREEMENT FOR TAKEOVERXANADU MINES LTD - OFFER IMPLIES XANADU EQUITY VALUE OF A$160 MILLIONXANADU MINES LTD: BASTION TO MAKE AGREED CASH OFFER OF A$0.08 PER SHARE FOR ALL XANADU SHARESReuters
Mon, May 19
Morning News Call - U.S., May 19
To access a PDF version of this newsletter, please click hereYou can read Morning News Call -- US via TOPNEWS U.S. Companies page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageFor Morning News Call Ca...Reuters
Mon, May 19
Diageo plans cost cuts, asset sales to reduce debt
Expects to make substantial asset sales, will hold onto GuinnessDiageo aims for $3 billion free cash flow by 2026Faces $150 million annualised tariff impact Q3 sales growth aided by pre-tariff shipment boostBy Shashwat Awasthi and Emma Rumney May 19 (Reuters) - Diageo unveiled a plan on Monday to...Reuters
Mon, May 19
Charter Communications To Pay Cox Enterprises Termination Fee Of $875 Mln, If Deal Is Terminated Under Certain Circumstances
May 19 (Reuters) - Charter Communications Inc CHTR.O:CHARTER COMMUNICATIONS: UNDER CERTAIN CIRCUMSTANCES, IF DEAL IS TERMINATED CO TO PAY COX ENTERPRISES TERMINATION FEE OF $875 MILLIONReuters
Mon, May 19
VIG targets CEE growth with bid for Moldova’s Moldasig
By Ryan HewlettMay 19 - (The Insurer) - Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of the shares of Moldovan insurer Moldasig in a bid to further bolster its footprint in central and eastern Europe.Chișinău-based Moldasig is one of Moldova’s leading non-life insurance companies ...Reuters
Mon, May 19
