News
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Zurich Insurance property and casualty revenue rises, affirms targets
By Paolo Laudani May 8 (Reuters) - Zurich Insurance ZURN.S reported higher first-quarter revenue and gross written premiums at its core property and casualty (P&C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market.Europe's third-largest insurer b...Reuters
Thu, May 8
Ukraine declares air alert, citing Russian ballistic missile threat, says air force
KYIV, May 8 (Reuters) - Ukraine has declared an air alert in its seven eastern regions, stating that there is a danger of Russia using ballistic missiles, despite the Kremlin's announcement of a ceasefire, Ukrainian air force said on Thursday.Reuters
Thu, May 8
Recruiter Adecco says employers are cautious about hiring
ZURICH, May 8 (Reuters) - Recruting company Adecco ADEN.S is finding employers cautious about hiring decisions, particularly on permanent staff, as they assess how global tariffs affect their businesses, Chief Executive Denis Machuel said on Thursday."We see some clients being in more of a wait ...Reuters
Thu, May 8
Taiwan's China Airlines orders 14 Boeing 777X planes
May 8 (Reuters) - Boeing BA.N said on Thursday that Taiwan's China Airlines 2610.TW placed an order for 14 Boeing 777X wide-body planes.The order includes 10 Boeing 777-9 passenger planes and four Boeing 777-8 freighter planes, the company said. In addition to the order, the airline also has opt...Reuters
Thu, May 8
Accenture Says To Acquire Yumemi To Accelerate Launch Of Innovative And Influential Digital Products
May 8 (Reuters) - Accenture PLC ACN.N:ACCENTURE TO ACQUIRE YUMEMI TO ACCELERATE THE LAUNCH OF INNOVATIVE AND INFLUENTIAL DIGITAL PRODUCTSTERMS OF TRANSACTION HAVE NOT BEEN DISCLOSED.Further company coverage: ACN.NReuters
Thu, May 8
China opposes Philippines, US, Australia joint patrol in South China Sea
BEIJING, May 8 (Reuters) - China's foreign ministry on Thursday expressed opposition against a recent joint sea and air patrol by the Philippines, the United States and Australia in the South China Sea.China is committed to safeguarding its territorial sovereignty and maritime rights and interes...Reuters
Thu, May 8
Mitsubishi Motors CEO Kato: Considering Joint Investment With Nissan In A U.S. Plant Of Nissan And Develop An Suv Model Together
May 8 (Reuters) - Mitsubishi Motors 7211.T:MITSUBISHI MOTORS CEO KATO: CONSIDERING JOINT INVESTMENT WITH NISSAN IN A U.S. PLANT OF NISSAN AND DEVELOP AN SUV MODEL TOGETHERSource text: [ID:]Reuters
Thu, May 8
China says "resolve" to safeguard rights won't change ahead of US trade meeting
BEIJING, May 8 (Reuters) - China's "resolve" to safeguard its legitimate rights and interests will not change, along with its position to "uphold international fairness and justice," its Foreign Ministry said on Thursday, ahead of a planned trade meeting with the United States on...Reuters
Thu, May 8
Packaging firm Mondi posts sequential rise in first-quarter profit
May 8 (Reuters) - Mondi MNDI.L reported a sequential growth in first-quarter core profit on Thursday, as a check on costs and fewer maintenance shutdowns helped the British packaging company offset lower prices, sending shares nearly 2.5% higher.The company said its underlying earnings before intere...Reuters
Thu, May 8
Russia's Putin thanks Xi for joining celebrations of 'sacred victory' over Nazis
MOSCOW, May 8 (Reuters) - Russian President Vladimir Putin thanked Chinese President Xi Jinping on Thursday for coming to Moscow to take part in ceremonies to mark the 80th anniversary of Russia's "sacred" victory over the Nazis in World War Two.Putin greeted Xi in the Kremlin, calling h...Reuters
Thu, May 8
Japan's NTT plans to take NTT Data private for $16.4 billion
May 8 (Reuters) - Japanese telecoms firm Nippon Telegraph and Telephone 9432.T announced plans on Thursday to take its subsidiary NTT Data 9613.T private by purchasing the shares it does not already own for 2.37 trillion yen ($16.4 billion).NTT said in a statement it would launch a tender offer for ...Reuters
Thu, May 8
AIB proceeds with buyback to cut government stake after shares rally
DUBLIN, May 8 (Reuters) - AIB AIBG.I agreed on Thursday to proceed with a direct share buyback with the Irish state as its share price rose back above the agreed buyback price, allowing it to cut the government's stake in the bank to 3.3% from just under 12%. AIB announced the 1.2-billion-euro ...Reuters
Thu, May 8
Lloyd's appoints Patrick Tiernan as CEO
By Scott VincentMay 8 - (The Insurer) - Lloyd’s has appointed Patrick Tiernan as its next CEO with effect from June 1, the Corporation announced this morning.Tiernan will move from his current role as chief of markets, which he has held since May 2021.During his tenure as chief of markets, Tiernan h...Reuters
Thu, May 8
May Fed Meeting: Did Powell Have No Clue? Amid Recession Fears, Data Paints a Different Picture
TradingKey – The Federal Reserve’s May policy meeting concluded as expected with no rate cuts, but the post-meeting statement introduced new language flagging rising unemployment and increased risks to inflation. Against the backdrop of ongoing uncertainty in Trump’s tariff policies, Chair Powell...TradingKey
Thu, May 8
Zurich posts 5% GWP increase in Q1 2025
By Rebecca DelaneyMay 8 - (The Insurer) - Zurich has reported a 5% year-on-year increase in P&C gross written premiums in the first quarter of 2025 to $13.3 billion, the company said on Thursday.This increase was driven by rate increases of 4% in P&C, including a 5% rate change in the retail...Reuters
Thu, May 8
Ukraine, allies discuss ways to pressure Russia into 30-day ceasefire
KYIV, May 8 (Reuters) - Ukraine has discussed ways to pressure Russia into agreeing to a 30-day ceasefire with U.S., French, British and German senior officials, President Volodymyr Zelenskiy's top aide said on Thursday, part of a flurry of diplomacy to try to end the war.Andriy Yermak, Zelenski...Reuters
Thu, May 8
Nintendo President Says Tariffs Have A Negative Impact Of Tens Of Billions Of Yen On Profits
May 8 (Reuters) - Nintendo Co Ltd 7974.T:NINTENDO PRESIDENT SAYS IF ADDITIONAL TARIFFS ARE IMPOSED AND PRICES ARE ADJUSTED DEMAND IN US MAY DECREASENINTENDO PRESIDENT SAYS TARIFFS HAVE A NEGATIVE IMPACT OF TENS OF BILLIONS OF YEN ON PROFITSSource text: [ID:]Reuters
Thu, May 8
Exclusive: Rokstone enters UK & Ireland casualty with Convex's Goodearl
By Ryan HewlettMay 8 - (The Insurer) Aventum Group-owned Rokstone has hired Lewis Goodearl from Convex to lead the launch and build-out of the specialty MGA’s new UK and Ireland casualty division. Rokstone’s UK and Ireland casualty division is supported by A rated Lloyd’s capacity and its appetite ...Reuters
Thu, May 8
