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German foreign minister to meet US's Rubio on sidelines of NATO talks in Turkey
BERLIN, May 14 (Reuters) - Germany's new foreign minister, Johann Wadephul, will participate in an informal NATO meeting with his counterparts in Turkey on Thursday and will meet his U.S. counterpart Marco Rubio for bilateral talks, the ministry said on Wednesday.Reuters
Wed, May 14
Zurich adds Chubb's Himes as head of underwriting in US middle market
By Isha MaratheMay 14 - (The Insurer) - Zurich North America has hired Bennett Himes, former vice president and casualty leader for Chubb’s middle market division, as head of underwriting in the U.S. middle market. Himes succeeds John Diaz, who moved to lead Zurich's customer and distribution m...Reuters
Wed, May 14
Hapag-Lloyd boosted by US-China trade truce, CEO says
FRANKFURT, May 14 (Reuters) - Hapag-Lloyd HLAG.DE has seen an increase in demand for freight traffic this week between the United States and China, following a cooling in the countries' trade tensions.The U.S. and China on Monday agreed to slash steep tariffs for at least 90 days, suspending a t...Reuters
Wed, May 14
China urges Mexico to resist 'unilateral acts', defend free trade rules
BEIJING, May 14 (Reuters) - China is willing to work with Mexico to resist and oppose "unilateral acts" and defend free trade rules, Foreign Minister Wang Yi told Mexican counterpart Juan Ramon de la Fuente in Beijing on Wednesday.Wang said China welcomes more Mexican products into its marke...Reuters
Wed, May 14
Franklin Templeton And PIF Sign MoU To Invest $5 Bln In Saudi Financial Markets
May 14 (Reuters) - FRANKLIN TEMPLETON FINANCIAL COMPANY (FTFC):FRANKLIN TEMPLETON AND PIF SIGN MOU TO INVEST $5 BILLION IN SAUDI FINANCIAL MARKETSPARTNERSHIP AIMS TO DRIVE INVESTMENTS INTO SAUDI FINANCIAL MARKETS FROM INTERNATIONAL AND DOMESTIC INVESTORSINVESTMENTS MAY RANGE ACROSS SAUDI EQUITY AND ...Reuters
Wed, May 14
Air Canada's flight attendants union files for conciliation
May 14 (Reuters) - The Canadian Union of Public Employees representing 10,000 flight attendants at Air Canada AC.TO said on Wednesday it has filed for conciliation with the federal minister of labour due to an impasse in negotiations with the carrier.Reuters
Wed, May 14
Germany arrests three Ukrainians suspected of spying in exploding parcel plot
Prosecutors say suspects had contact with Russian stateJustice minister decries 'targeted sabotage'Arrests follow fires at depots last yearBy Rachel More BERLIN, May 14 (Reuters) - Three Ukrainians have been arrested over a plot to mail exploding parcels from Germany to Ukraine, prosecuto...Reuters
Wed, May 14
U.N.'s Guterres: Uphold international law on Ukraine or face chaos worldwide
BERLIN, May 14 (Reuters) - Failure to achieve a just peace that respects Ukraine's territorial integrity would undermine international law and cause chaos worldwide, United Nations Secretary-General Antonio Guterres warned on Wednesday."It is extremely important in a moment like this that in...Reuters
Wed, May 14
Norway wealth fund invests $800 mln in US logistics property fund
May 14 (Reuters) - Norges Bank [RIC:RIC:NOCB.UL]:NORGES BANK INVESTMENT MANAGEMENT HAS ENTERED INTO AN AGREEMENT WITH BLACKSTONE TO COMMIT $800 MILLION TO BLACKSTONE'S CORE+ NORTH AMERICA LOGISTICS CLOSED-END FUNDSource text: https://shorturl.at/LFCz2Reuters
Wed, May 14
Tennis-Gauff overpowers Andreeva to reach Italian Open semi-finals
May 14 (Reuters) - World number three Coco Gauff quelled the challenge of seventh seed Mirra Andreeva with a 6-4 7-6(5) victory on Wednesday to reach the Italian Open semi-finals for a second successive year.Gauff, who will take on either world number one Aryna Sabalenka or eighth seed Zheng Qinwen ...Reuters
Wed, May 14
Saudi Arabia's PIF strikes multi-billion investment deals with US asset managers
DUBAI, May 14 (Reuters) - Saudi Arabia's sovereign wealth fund Public Investment Fund on Wednesday announced it has struck multi-billion deals with U.S.-based asset management giants Franklin Templeton BEN.N and Neuberger Berman.Reuters
Wed, May 14
Neuberger Berman, PIF Collaborate on Investment Programme To Boost Regional Capital Markets
May 14 (Reuters) - NEUBERGER BERMAN GROUP [RIC:RIC:NUBRM.UL]:NEUBERGER BERMAN AND PIF COLLABORATE FOR US $6 BILLION INVESTMENT PROGRAMME TO BOOST REGIONAL CAPITAL MARKETSMOU TO LAUNCH A RIYADH-BASED MULTI-ASSET INVESTMENT MANAGEMENT PLATFORMFurther company coverage: NUBRM.ULReuters
Wed, May 14
Deals of the day-Mergers and acquisitions
May 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Databricks said it would buy database startup Neon in a deal valued at about $1 billion, aiming to strengthen its analytics platform with technology that can help businesses deve...Reuters
Wed, May 14
Tower Semiconductor forecasts quarterly revenue above estimates on steady wireless chip demand
May 14 (Reuters) - Contract chipmaker Tower Semiconductor TSEM.TA, TSEM.O forecast second-quarter revenue above Wall Street estimates on Wednesday, driven by strong demand for wireless communication and power management chips.The Israel-based company specializes in analog and mixed-signal semiconduc...Reuters
Wed, May 14
California's insurance commissioner approves State Farm's emergency rate increase
By Isha MaratheMay 13 - (The Insurer) - State Farm General has been approved for an interim emergency rate increase in California, granting it a $400 million capital infusion from its parent company, ordered by an administrative law judge and approved by state insurance commissioner Ricardo Lara on...Reuters
Wed, May 14
Bluebird bio receives higher upfront offer from PE firms Carlyle, SK Capital
May 14 (Reuters) - Carlyle Group CG.O and SK Capital Partners increased their upfront offer to take over gene therapy maker bluebird bio BLUE.O, the companies said on Wednesday.Shares of bluebird bio jumped over 50% to $4.97 in early trading.The private equity firms made a new offer of $5 per share ...Reuters
Wed, May 14
Goldman Sachs fined for failing to properly report billions of trades
NEW YORK, May 14 (Reuters) - Goldman Sachs GS.N will pay a $1.45 million civil fine to settle a U.S. regulator's claims that the Wall Street bank failed to accurately report data for billions of stock market trades.The Financial Industry Regulatory Authority said in a consent order on Tuesday th...Reuters
Wed, May 14
German foreign minister warns countries can't fill gap if U.S. pulls UN peacekeeping funding
By Thomas Escritt and Olivia Le Poidevin GENEVA, May 14 (Reuters) - Countries will not be able to fill the gap if the U.S. withdraws its funding for the United Nations peacekeeping mission, Germany's foreign minister said on Wednesday."We won't fully be able to fill the gap if the U.S...Reuters
Wed, May 14
Republicans advance Trump's tax cut plan after all night debate
Republicans face hurdles to pass tax cuts, spending hikes, safety-net reductionsDemocrats criticize bill as wasteful, harmful to poor, worsening financial standingDebt ceiling deadline pressures Republicans to act swiftly, avoid global economic impactBy Bo Erickson, David Morgan and Andy Sullivan ...Reuters
Wed, May 14
NEWSMAKER-Syrian leader Sharaa's path from global jihad to meeting Trump
Sharaa rose from al Qaeda militant to Syrian leaderLifting of U.S. sanctions is major boost for Sharaa He is trying to assert control and revive economyHe faces sectarian violence and Israeli oppositionBy Tom Perry, Timour Azhari May 14 (Reuters) - Syria's Ahmed al-Sharaa has transformed hims...Reuters
Wed, May 14
