News
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Pirelli asserts independence from China's Sinochem as it seeks US expansion
Company says Rome's 'golden powers' mean Sinochem not in controlResolution opposed by five directors, including chairmanSinochem's stake seen as a hurdle for Pirelli's U.S. ambitionsSinochem says it's firmly opposed to the board's decisionBy Giulio Piovaccari MILAN, Ap...Reuters
Mon, Apr 28
After yield surge, US Treasury expected to keep auction sizes steady
Treasury expects to borrow $514 in second quarterInvestors focus on potential changes to auction sizesVolatility may prompt small cuts to longer-dated auctionsBy Karen Brettell NEW YORK, April 28 (Reuters) - The U.S. Treasury Department is expected to leave most of its auction sizes unchanged for...Reuters
Mon, Apr 28
US House panel proposes moving FTC antitrust work to DOJ in budget package
April 28 (Reuters) - The U.S. House of Representatives Judiciary Committee on Monday said it proposed transferring the Federal Trade Commission's antitrust work to the Department of Justice as part of a budget reconciliation package.The proposal would allocate funds for moving staff and cases fr...Reuters
Mon, Apr 28
US State Dept approves potential sale of Patriot Air Defense System to Romania
WASHINGTON, April 28 (Reuters) - The U.S. State Department has approved the potential sale of a Patriot Air Defense System and related equipment to Romania for $280 million, the Pentagon said in a statement on Monday.The principal contractors will be RTX Corp RTX.N and Lockheed Martin LMT.N, the Pen...Reuters
Mon, Apr 28
TREASURIES-US yields little changed ahead of heavy data slate
NEW YORK, April 28 (Reuters) - U.S. Treasury yields eased to near three-week lows on Monday, marking the half-way unwind from this month's bond rout as a dearth of new tariff news allowed investors to zero in on impending economic data, crowned by Friday's payrolls report.Trading was more m...Reuters
Mon, Apr 28
U.S. lawyer for Venezuelans held in El Salvador says government denied her access to clients
SAN SALVADOR, April 28 (Reuters) - A lawyer for ten Venezuelan men sent by the U.S. government to a prison in El Salvador says the Salvadoran government denied her access to meet with her clients.Kerry Kennedy, a human rights activist who is the daughter of assassinated U.S. politician Robert F. Ken...Reuters
Mon, Apr 28
CORRECTED-Fronting DPW growth continues, competition for quality MGA business rises
By Chris MunroApril 24 - (The Insurer) - Fronting market direct premiums written (DPW) increased by double digits in 2024 but there is a growing divergence in expansion rates among companies as competition for high-quality MGA business intensifies, according to a new study from Lexicon Associates.Th...Reuters
Mon, Apr 28
Democratic credit union officials sue Trump over firings
By Pete Schroeder WASHINGTON, April 28 (Reuters) - A pair of Democratic officials recently fired from a credit union watchdog have sued U.S. President Donald Trump and other senior government officials, alleging that their removal was "patently unlawful."Todd Harper and Tanya Otsuka filed...Reuters
Mon, Apr 28
REFILE-Exclusive: Markel eliminates global EUO roles leaving senior staff in limbo
By James ThalerApril 28 - (The Insurer) – Markel has eliminated its global executive underwriting officer positions, along with a team of support staff, affecting up to a dozen positions overall, with the Virginia-based insurer looking to redeploy a number of the affected staff elsewhere in the comp...Reuters
Mon, Apr 28
U.S. RESEARCH ROUNDUP-Caci, Carpenter Technology, Charter Communications
April 28 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Caci International, Carpenter Technology and Charter Communications, on Monday. HIGHLIGHTS * Caci International Inc CACI.N: TD Cowen raises target pri...Reuters
Mon, Apr 28
What to Watch in the Day Ahead - Tuesday, April 29
General Motors is expected to report lower profits in the first quarter. Investors will focus on commentary around tariffs and their potential impact on the automaker's business.Coca-Cola is expected to post a fall in first-quarter revenue, as demand for sodas in the North American region slows ...Reuters
Mon, Apr 28
Motor racing-FIA president considering 'improvements' to swearing rules
By Alan Baldwin LONDON, April 28 (Reuters) - FIA President Mohammed Ben Sulayem said on Monday he was considering "improvements" to rules that impose heavy sanctions for misconduct, including swearing, in Formula One and other series.Competitors in rallying and Formula One have been at lo...Reuters
Mon, Apr 28
California’s Sutter Health agrees to pay $228 million to settle antitrust lawsuit
By Mike Scarcella April 28 (Reuters) - California’s Sutter Health, one of the largest health systems in the United States, has agreed to pay $228 million to resolve a class action lawsuit accusing it of artificially driving up insurance premiums.Employers and individuals who sued Sutter in 2012 f...Reuters
Mon, Apr 28
Israeli minister Dermer says he's confident Trump would reject 'bad' Iran deal
JERUSALEM, April 28 (Reuters) - Israeli Strategic Affairs Minister Ron Dermer said on Monday that he believed U.S. President Donald Trump would not agree to a "bad" nuclear agreement with Iran."I have a lot of confidence that President Trump would walk away from a bad deal today," De...Reuters
Mon, Apr 28
US law firm Jenner asks court to permanently bar Trump executive order
Judge weighs whether to strike down order against Jenner & BlockLawyer for firm says order 'reeks of unconstitutionality'Four firms sued to block Trump's orders, while nine reached deals with the presidentBy Mike Scarcella and Sara Merken April 28 (Reuters) - U.S. law firm Jenner ...Reuters
Mon, Apr 28
Japan policy chief warns of Trump tariff impact on Asian security
WASHINGTON, April 28 (Reuters) - The policy chief of Japan's ruling Liberal Democratic Party on Monday called on U.S. President Donald Trump to reconsider his plans for reciprocal tariffs, saying they could negatively impact Indo-Pacific security.Former defense minister Itsunori Onodera said Tok...Reuters
Mon, Apr 28
