News
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EU likely to propose to G7 to lower price cap on Russian oil to $50 per barrel
BRUSSELS, May 19 (Reuters) - The European Union will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said."This is something whic...Reuters
Mon, May 19
Willis confirms placement of M&S cyber policy
By Rebecca DelaneyMay 19 - (The Insurer) - Willis has confirmed that it placed Marks & Spencer's 100 million pound ($133.8 million) cyber insurance policy, as the UK retailer enters its fourth week of disruption following a ransomware attack.Willis confirmed to this publication that it is th...Reuters
Mon, May 19
Advanced Micro Devices - Entitled To $153 Million Termination Fee From Sanmina If Deal Is Terminated Under Certain Conditions - SEC Filing
May 19 (Reuters) - Advanced Micro Devices Inc AMD.O:ADVANCED MICRO DEVICES INC - ENTITLED TO $153 MILLION TERMINATION FEE FROM SANMINA IF DEAL IS TERMINATED UNDER CERTAIN CONDITIONS - SEC FILINGSource text: [ID:n0001193125-25-122121]Reuters
Mon, May 19
India cenbank proposes easier rules for lenders' investments in AIFs
MUMBAI, May 19 (Reuters) - India's central bank on Monday proposed more liberal rules governing investments by lenders in Alternative Investment Funds (AIFs), citing improved financial discipline after rules were tightened earlier. In December 2023, the RBI barred banks and NBFCs from inves...Reuters
Mon, May 19
MGX Partners With Bpifrance, Mistral AI, NVIDIA To Build Ai Campus In France- AD Media Office
May 19 (Reuters) - ABU DHABI MEDIA OFFICE:MGX PARTNERS WITH BPIFRANCE, MISTRAL AI, AND NVIDIA TO BUILD EUROPE’S LARGEST AI CAMPUS IN FRANCEAI CAMPUS XPECTED TO ULTIMATELY REACH A CAPACITY OF 1.4 GW CONSTRUCTION EXPECTED TO BEGIN IN H2 2026, WITH OPERATIONS LAUNCHING BY 2028Reuters
Mon, May 19
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
