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New Jersey sues RealPage, says collusion with landlords drives up rents
April 23 (Reuters) - New Jersey sued the property management software company RealPage on Wednesday, accusing it of illegally conspiring with some of the state's largest landlords to drive up residential rents.The complaint accused RealPage and 10 landlords of violating federal antitrust law and...Reuters
Wed, Apr 23
King Risk Partners secures recap as Lightyear buys in alongside BHMS
By David BullApril 23 - (The Insurer) - Fast-growing U.S. retail broker King Risk Partners has secured a growth investment from Lightyear Capital, with its existing private equity backer BHMS Investments rolling a majority of its holding and injecting additional capital, alongside the company’s mana...Reuters
Wed, Apr 23
Danish king to visit Greenland in show of unity amid Trump interest
Trump says he wants control of GreenlandDanish king will visit Greenland in show of unity Greenland's prime minister set to visit DenmarkBy Louise Rasmussen COPENHAGEN, April 23 (Reuters) - Denmark's King Frederik will visit Greenland next week, the royal palace said on Wednesday, in a s...Reuters
Wed, Apr 23
Chile's Boric rules out responding to trade tensions with retaliation
BRASILIA, April 23 (Reuters) - Chilean President Gabriel Boric said on Wednesday that the Andean American country will not respond to global trade tensions with "loud" declarations or retaliation, but rather through deeper regional integration.Boric called for greater unity across Latin Amer...Reuters
Wed, Apr 23
Norfolk Southern reaffirms annual forecast, tops first-quarter revenue estimates
By Anshuman TripathyApril 23 (Reuters) - U.S. railroad operator Norfolk Southern NSC.N reaffirmed its annual forecast after topping first-quarter revenue estimates on Wednesday, on the back of increased volume in intermodal freight transport.Shares of the Atlanta, Georgia-based company rose as much...Reuters
Wed, Apr 23
Mexico's Banorte to pitch Banamex purchase to shareholders
MEXICO CITY, April 23 (Reuters) - Mexican lender Banorte GFNORTEO.MX will float to shareholders the purchase of Banamex, Citi's C.N one-time retail unit in the country which it split off last year, Banorte's CEO told analysts on Wednesday."There are a lot of moving pieces," CEO Marco...Reuters
Wed, Apr 23
White House would consider cutting China tariffs as part of talks, source says
Trump administration considers lowered China tariffs as part of talks, source saysU.S. stocks rise IMF forecasts of higher debt and slower growthBy Trevor Hunnicutt WASHINGTON, April 23 (Reuters) - The Trump administration would look at lowering tariffs on imported Chinese goods pending talks wit...Reuters
Wed, Apr 23
IMF's Georgieva, World Bank's Banga need to earn Trump administration's trust, Bessent says
WASHINGTON, April 23 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that International Monetary Fund Managing Director Kristalina Georgieva and World Bank President Ajay Banga are both good leaders but they will have to earn the Trump administration's trust refocusing the in...Reuters
Wed, Apr 23
Iran fortifying buried nuclear sites as talks with US continue, report says
Iran building defenses around nuclear-linked tunnels, Institute for Science and International Security saysIsrael and US have threatened to bomb Tehran's nuclear facilitiesUS and Iran set to resume talks on SaturdayBy Jonathan Landay WASHINGTON, April 23 (Reuters) - Iran is ringing two deeply...Reuters
Wed, Apr 23
Kering CFO On US Tariffs: We Have Ability To Protect Our Margins If Needed
April 23 (Reuters) - Kering PRTP.PA CFO:ON POSSIBLE PRICE HIKES TO OFFSET U.S. TARIFFS: WAITING FOR OUTCOME OF EU-US TALKS WHILE ANALYSING SITUATIONON POSSIBLE PRICE HIKES/U.S. TARIFFS: WE HAVE ABILITY TO PROTECT OUR MARGINS IF NEEDEDDECLINES TO COMMENT WHEN DEMNA WILL PRESENT FIRST GUCCI COLLECTIONReuters
Wed, Apr 23
Kering reports 14% sales drop in first quarter as Gucci sales slide further
PARIS, April 23 - Kering PRTP.PA reported on Wednesday a bigger-than-expected decline in first-quarter revenue, the latest set of disappointing results from the luxury group as its star label Gucci continues to struggle amid a worsening economic environment.Group revenue in the first three months of...Reuters
Wed, Apr 23
Kering Q1 Revenue Down At EUR 3.88 Billion
April 23 (Reuters) - Kering SA PRTP.PA:Q1 REVENUE EUR 3.88 BILLION, DOWN 14% AT COMPARABLE CHANGEQ1 GUCCI REVENUE EUR 1.57 BILLION, DOWN 25% AT COMPARABLE CHANGEQ1 TRENDS IN ASIA-PACIFIC IN LINE WITH Q4; WESTERN EUROPE, NORTH AMERICA AND JAPAN SAW SEQUENTIAL DECELERATIONReuters
Wed, Apr 23
Swiss minister hails 'productive' meeting with U.S. Trade Rep Greer
ZURICH, April 23 (Reuters) - Swiss Economy Minister Guy Parmelin said on Wednesday he had had a productive meeting with U.S. Trade Representative Jamieson Greer during a visit to Washington, adding that he looked forward to future exchanges and continued collaboration.Parmelin made his comments on X...Reuters
Wed, Apr 23
Mariott to close Haiti hotel due to insecurity
PORT-AU-PRINCE, April 23 (Reuters) - Mariott MAR.O will shutter a hotel in Haiti's capital of Port-au-Prince due to ongoing insecurity, the head of Digicel Haiti, which jointly developed the site, told Reuters on Wednesday.Mariott opened the hotel in 2015. Armed gangs have made strong advances t...Reuters
Wed, Apr 23
EXPLAINER-What happens to Apple and Meta after the EU fine?
By Supantha Mukherjee STOCKHOLM, April 23 (Reuters) - European Union antitrust regulators on Wednesday fined Apple AAPL.O 500 million euros ($570 million) and Meta META.O 200 million euros to make the companies comply with the Digital Markets Act, which seeks to allow smaller rivals into markets ...Reuters
Wed, Apr 23
Vaccine-wary Slovak PM pauses COVID-19 shot purchases pending review
April 23 (Reuters) - The Slovak government halted purchases of COVID-19 vaccines on Wednesday pending a review of their safety by the Slovak Academy of Sciences, Prime Minister Robert Fico said.Fico, a populist who has himself declined coronavirus vaccination, has long criticised the COVID policies ...Reuters
Wed, Apr 23
Goldman shareholders OK executive pay packages, CEO warns of uncertain economic outlook
Shareholders approve executive pay despite proxy adviser oppositionCEO Solomon warns of uncertain economic outlookGoldman drops diversity section from annual filingRetention bonuses signal Waldron as Solomon's likely successorBy Saeed Azhar NEW YORK, April 23 (Reuters) - Goldman Sachs GS.N sh...Reuters
Wed, Apr 23
Lawsuits claim California insurers conspired to push homeowners onto FAIR Plan, exacerbating wildfire losses
By Isha MaratheApril 22 - (The Insurer) - Two lawsuits filed in Los Angeles said that top insurance companies colluded to limit their coverage in wildfire-prone areas of California, cancelled existing policies and refused to write new ones to force property owners onto the FAIR Plan, resulting in p...Reuters
Wed, Apr 23
Exclusive: Argo primary and excess casualty head Schramm departs
By James ThalerApril 23 - (The Insurer) - Argo’s head of primary and excess casualty Chris Schramm has left the company ahead of taking up another post elsewhere, broking and underwriting sources have said.Details on Schramm’s destination could not immediately be confirmed. A spokesperson for Argo d...Reuters
Wed, Apr 23
