News
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Launch Underwriters as adds Sparks as CEO joining Matson as executive chairman
By David BullMay 12 - (The Insurer) - Former MS Transverse duo Dennis Sparks and Erik Matson have reunited as CEO and executive chairman respectively at Launch Underwriters, which describes itself as a “next-generation” MGA platform.Sparks officially started in the position on May 5.According to a s...Reuters
Mon, May 12
As white S.Africans arrive, Trump says S.Africa leaders coming next week
WASHINGTON, May 12 (Reuters) - U.S. President Donald Trump said South Africa's leadership was traveling to see him next week, speaking to reporters at the White House on Monday as the first white South Africans left for the United States under his refugee plan.Reuters
Mon, May 12
Trustco Group Holdings Expects To Publish Its AFS FY 2024 By 30 June 2025
May 12 (Reuters) - Trustco Group Holdings (Pty) Ltd TUC.NM:TRUSTCO GROUP HOLDINGS (PTY) LTD - EXPECTS TO PUBLISH ITS AFS FY 2024 BY 30 JUNE 2025TRUSTCO GROUP HOLDINGS (PTY) LTD - INTENDS TO HOLD ITS ANNUAL GENERAL MEETING BY 31 JULY 2025Reuters
Mon, May 12
Bain Capital in talks to buy PCI Pharma at $10 billion valuation, Bloomberg News reports (May 9)
May 9 (Reuters) - Bain Capital is in talks to buy contract drug manufacturer PCI Pharma Services at a valuation of $10 billion, Bloomberg News reported on Friday, citing people familiar with the matter. The buyout firm is in discussions with PCI's backers — Kohlberg & Co, Mubadala Investment...Reuters
Mon, May 12
ABB gets Moscow's approval to sell Russian business, Interfax says
May 12 (Reuters) - Swiss electrical engineering giant ABB ABBN.S has received authorization to sell its Russian business, Interfax agency said on Monday, citing an executive order by Russian President Vladimir Putin."We are aware of (Putin's) decree and are currently evaluating it," an A...Reuters
Mon, May 12
Trump says U.S. needs Qatari plane after Boeing delays
WASHINGTON, May 12 (Reuters) - President Donald Trump justified his plans to accept an airplane as a gift from the Qatari royal family, arguing that Boeing's delays in delivering a new Air Force One make it a practical decision. He also added that U.S. has kept Qatar and other Gulf states safe a...Reuters
Mon, May 12
Roche boosts US presence with new $700 million North Carolina facility
May 12 (Reuters) - Roche Group ROG.S said on Monday that it plans to invest more than $700 million in a new drug manufacturing facility in North Carolina, the latest drugmaker to expand its presence in the United States amid President Donald Trump's tariff policies. The new facility, based in Ho...Reuters
Mon, May 12
Trump says he may ease sanctions on Syria
WASHINGTON, May 12 (Reuters) - President Donald Trump said on Monday that he may ease U.S. sanctions on Syria in response to a query from Turkey. "We may take them off of Syria, because we want to give them a fresh start," Trump told reporters.Reuters
Mon, May 12
Trump says tariffs on China imports won't return to 145%, sees deal
WASHINGTON, May 12 (Reuters) - President Donald Trump on Monday said he does not expect U.S. tariffs on Chinese imports will return to 145% after the 90-day pause ends, adding that he thinks Washington and Beijing will have a deal.Still, Trump added that the U.S. tariffs on goods imported from China...Reuters
Mon, May 12
Trump says he could go to Turkey to join Russia, Ukraine
WASHINGTON, May 12 (Reuters) - President Donald Trump on Monday raised the prospect of joining talks between Russia and Ukraine in Turkey on Thursday.Trump will be visiting Saudi Arabia, the United Arab Emirates and Qatar. He said "I think you may have a good result out of the Thursday meeting i...Reuters
Mon, May 12
Tongaat Hulett Got Confirmation Vision Investments Settled Purchase Consideration Balance Due To Lender Group
May 12 (Reuters) - Tongaat Hulett Ltd TONJ.J:TONGAAT HULETT: THL, BUSINESS RESCUE PRACTITIONERS GOT CONFIRMATION THAT VISION INVESTMENTS SETTLED PURCHASE CONSIDERATION BALANCE DUE TO LENDER GROUPReuters
Mon, May 12
China to provide more support to trade companies, commerce minister says
BEIJING, May 12 (Reuters) - China vowed on Monday to help trade companies expand markets and promised more support amid increasing impact from external shocks, according to a statement published by China's commerce ministry. Commerce minister Wang Wentao made the remarks at a roundtable meeting ...Reuters
Mon, May 12
Adidas investor AllianzGI to vote against chair's reelection at AGM
By Simon Jessop and Helen Reid LONDON, May 12 (Reuters) - A leading investor in German sportswear company Adidas ADSGn.DE said on Monday it plans to vote against the reelection of Chair Thomas Rabe at the company's annual shareholders' meeting on Thursday because he holds too many roles a...Reuters
Mon, May 12
Roche Announces $550 Mln Investment To Expand Its Indianapolis Diagnostics Manufacturing Hub
May 12 (Reuters) - Roche Holding AG ROG.S:ROCHE ANNOUNCES $550 MILLION INVESTMENT TO EXPAND ITS INDIANAPOLIS DIAGNOSTICS MANUFACTURING HUBROCHE HOLDING AG - EXPANSION WILL CREATE HUNDREDS OF JOBS WHILE ALSO ENHANCING U.S. PRODUCTION CAPABILITIESROCHE HOLDING AG - EXPANSION IS EXPECTED TO GENERATE HU...Reuters
Mon, May 12
