News
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Wilmar International Posts Qtrly Core Net Profit $343 Million
April 29 (Reuters) - Wilmar International Ltd WLIL.SI:QTRLY CORE NET PROFIT $343 MILLIONQ1 EBITDA USD 1,087.503 MILLIONQ1 REVENUE USD 16,205.192 MILLIONQ1 NET INCOME USD 343.89 MILLIONOUTLOOK FOR REST OF YEAR EXPECTED TO REMAIN UNCERTAIN WITH INCREASED VOLATILITY ARISING FROM TARIFFS BY USReuters
Tue, Apr 29
Britain's banking watchdog stops short of daily liquidity monitoring amid Trump tariff turmoil
LONDON, April 29 (Reuters) - Britain's banking stability watchdog has not yet seen reason to require the banking sector to report daily liquidity levels despite the market chaos unleashed by U.S. President Donald Trump's tariffs, Prudential Regulation Authority CEO Sam Woods told a hearing o...Reuters
Tue, Apr 29
Porsche will 'definitely' raise prices if US tariffs remain in place
FRANKFURT, April 29 (Reuters) - Porsche P911_p.DE will raise prices in the United States later this year if tariffs implemented in April will remain in place, the group's finance chief said on Tuesday after presenting a major drop in first-quarter profit margins."If negotiations do not turn ...Reuters
Tue, Apr 29
Circle Secures In-Principle Regulatory Approval from ADGM’s FSRA
April 29 (Reuters) - CIRCLE INTERNET GROUP, INC.:CIRCLE INTERNET GROUP - RECEIVES IN-PRINCIPLE APPROVAL FROM FSRA OF ADGM TO OPERATE AS MONEY SERVICES PROVIDERCIRCLE - ALSO ANNOUNCES STRATEGIC COLLABORATION WITH HUB71 TO STRENGTHEN INNOVATION WITHIN DIGITAL ASSETS SPACECIRCLE - CIRCLE AND HUB71 WILL...Reuters
Tue, Apr 29
CORRECTED-PIB claims Howden used 'recruiting sergeants' in Acquinex poaching case
By Ryan HewlettApril 28 - (The Insurer) - PIB Group and its MGA Acquinex claim Howden used "recruiting sergeants” who formed a WhatsApp group to orchestrate the hiring of its warranty and indemnity (W&I) insurance team in January this year, court documents show.PIB is suing Howden in the UK ...Reuters
Tue, Apr 29
Cyber GWP rises to $15.85 billion with ample room for growth: Howden Re
Cyber reinsurance market sees increased capacity and competition, Howden Re reportsTop reinsurers dominate market, raising concerns about future growth balanceCarriers focus reinsurance spend on tail-risk protection rather than broad-based capital reliefBy Michael JonesApril 29 - (The Insurer) - Inc...Reuters
Tue, Apr 29
US trade agency adds Mexico to priority watch list over intellectual property
Eight countries, including China and India, on priority watch listMain watch list now includes 18 countries; Turkmenistan removedReport release comes amid trade negotiations over tariffsBy Andrea Shalal WASHINGTON, April 29 (Reuters) - The U.S. Trade Representative's office on Tuesday placed ...Reuters
Tue, Apr 29
Trump administration withholding $436.87 billion in approved spending, top Democrats say
Democrats claim $436.87 billion in funds withheld by Trump administrationFunds frozen include $42 billion for State Department, $62 billion for TransportationWhite House cites efficiency and policy changes for withholding fundsBy Bo Erickson WASHINGTON, April 29 (Reuters) - U.S. President Don...Reuters
Tue, Apr 29
Russia says it's waiting for Ukraine's response to May ceasefire and offer of direct talks
MOSCOW, April 29 (Reuters) - The Kremlin said on Tuesday that Ukraine had not responded to many offers by Russia President Vladimir Putin to start direct peace negotiations, and that it was unclear whether it would join a three-day ceasefire he has announced for next month. "It was Presid...Reuters
Tue, Apr 29
China's Xi visits New Development Bank, Xinhua reports
BEIJING, April 29 (Reuters) - Chinese President Xi Jinping visited the New Development Bank in Shanghai on Tuesday, meeting with its president, Dilma Rousseff, the state-run Xinhua news agency reported.China will support the operation and development of the New Development Bank as always, Xi said, a...Reuters
Tue, Apr 29
Gates, others launch $500 million maternal, newborn health fund, bucking aid cuts trend
By Jennifer Rigby LONDON, April 29 (Reuters) - A group of philanthropies including the Gates Foundation has set up a fund backed with nearly $500 million to help save the lives of newborn babies and mothers in sub-Saharan Africa, standing out against a bleak global health funding landscape.The Be...Reuters
Tue, Apr 29
PRESS DIGEST- New York Times business news - April 29
April 29 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The Trump administration said it plans to announce measures as early as Tuesday to ease the impact of tariffs on imported cars a...Reuters
Tue, Apr 29
Swiss Nylon maker EMS Chemie's sales dip, 2025 looks 'challenging'
By Alberto Chiumento April 29 (Reuters) - Swiss nylon maker EMS Chemie EMSN.S reported a 4% decline in first-quarter net sales on Tuesday, citing market-driven lower prices and cost levels and warning of "a particularly challenging economic environment" in 2025.The European chemical indus...Reuters
Tue, Apr 29
Kremlin says Russia is waiting for Ukraine to start direct talks, agencies report
MOSCOW, April 29 (Reuters) - The Kremlin said on Tuesday that Ukraine had not responded to many offers by Russia President Vladimir Putin to start direct peace negotiations, and that starting this process was Moscow's primary focus, Russian news agencies reported.Kremlin spokesman Dmitry Peskov ...Reuters
Tue, Apr 29
Primark committed to US expansion despite tariff uncertainty, says boss
Currently trades from 29 U.S. storesPlans 60 U.S. stores by 2026Says could benefit from end of "de minimis" duty exemptionBy James Davey LONDON, April 29 (Reuters) - Associated British Foods' ABF.L Primark clothing retail business is committed to expanding in the United States despite...Reuters
Tue, Apr 29
BBVA Expects Turkish Unit Garanti To Close With Net Profit Below 1 Billion Euros In 2025
April 29 (Reuters) - Spain's BBVA BBVA.MC comments during call with analysts:NOW EXPECTS TURKISH UNIT GARANTI GARAN.IS TO CLOSE WITH A NET PROFIT OF "SOMEWHAT" BELOW 1 BILLION EUROS IN 2025EXPECTS LOAN GROWTH TO CONTINUE IN SPAIN, ALSO SEES GROWTH POTENTIAL FOR BANKING BUSINESS IN MEXICO...Reuters
Tue, Apr 29
First batch of Hong Kong democrats freed after 4 years' jail for subversion
4 democrats released after more than four years in jailTight security for release of lawmakersSome countries criticised prosecutions as politically motivatedBy Jessie Pang, Anne Marie Roantree and James Pomfret HONG KONG, April 29 (Reuters) - The first batch of individuals jailed in the landmark ...Reuters
Tue, Apr 29
RPT-Beazley posts 2% top line growth in Q1, keeps guidance despite trade tensions
Insurance written premiums increased by 2% to $1.51 billionPremium rates on renewal business decreased by 4% in Q1Full-year undiscounted combined ratio guidance remains at mid-80sBy Ryan HewlettApril 29 - (The Insurer) - Beazley posted top-line growth of 2% for the first quarter on Tuesday and maint...Reuters
Tue, Apr 29
