News
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Italy may take 'golden power' decision on banks on Friday, minister says
ROME, April 17 (Reuters) - The Italian government may take decisions using its so-called "golden powers" to set conditions over bank takeovers at a cabinet meeting on Friday, Economy Minister Giancarlo Giorgetti said. Giorgetti's comment, made at the launch of a business magazine in Rome...Reuters
Thu, Apr 17
REFILE-Brown & Brown’s Owad: Privacy-related cyber risks underestimated amid rising wrongful collection claims
By Mia MacGregorApril 14 - (The Insurer) - Organizations need to sharpen their focus on the privacy side of cyber risk as claims related to wrongful data collection continue to climb, according to Anju Owad, senior vice president at Brown & Brown."Many claims in 2024 had risen from wrongful ...Reuters
Thu, Apr 17
US Treasury's Bessent cautioned White House against firing Fed chair, Politico reports
WASHINGTON, April 17 (Reuters) - U.S. Treasury Secretary Scott Bessent has repeatedly cautioned White House officials against attempting to fire Federal Reserve Chair Jerome Powell, saying this would risk destabilizing financial markets, Politico reported on Thursday, citing two unnamed sources.Reuters
Thu, Apr 17
EXCLUSIVE-JPMorgan beefs up activism defense group, hires two managing directors
JPMorgan hires Herrington and Park as managing directors JPMorgan's activism defense team sees biggest expansion in a decadeBank ranks second in global financial advisers league tableBy Svea Herbst-BaylissNEW YORK, April 17 (Reuters) - JPMorgan Chase JPM.N is hiring two veteran bankers in its gl...Reuters
Thu, Apr 17
75.72% BP Shareholders Vote For Re-Election Of Chairman Helge Lund As Director At AGM
April 17 (Reuters) - BP PLC BP.L:75.72% OF SHAREHOLDERS VOTE FOR RE-ELECTION OF CHAIRMAN HELGE LUND AS DIRECTOR AT AGMCHAIR SUCCESSION PROCESS IS WELL UNDERWAYWILL CONTINUE TO CONSULT WITH ITS SHAREHOLDERS TO UNDERSTAND REASON BEHIND RESULT FOR RESOLUTION 3 ON RE-ELECTION OF HELGE LUND95.54% OF SHAR...Reuters
Thu, Apr 17
Italy may take 'golden power' decision on banks on Friday, minister says
ROME, April 17 (Reuters) - The Italian government may take decisions using its so-called "golden powers" to set conditions over bank takeovers at a cabinet meeting on Friday, Economy Minister Giancarlo Giorgetti said on Thursday.Reuters
Thu, Apr 17
Boeing delivery plant in China latest hot spot in tariff war
Doubts over Boeing jet deliveries to China amid tariffsFour jets standing at Boeing facility in ChinaReport says three of the jets are to return to the U.S.China delivery hurdles are latest setback for Boeing By Lisa Barrington, Sophie Yu, Dan Catchpole and Tim Hepher April 17 (Reuters) - Boeing ...Reuters
Thu, Apr 17
Italy says tax talks with US should be bilateral, not done through EU
ROME, April 17 (Reuters) - Italian Economy Minister Giancarlo Giorgetti said on Thursday that negotiations with the United States on taxation of digital and other companies should be conducted bilaterally, not through the European Union.Speaking at the launch in Rome of a new business weekly publica...Reuters
Thu, Apr 17
DIARY-Political and General News Events from April 17
April 17 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY -------...Reuters
Thu, Apr 17
US urges France to take lead on responsibility for European defense
WASHINGTON, April 17 (Reuters) - U.S. Defense Secretary Pete Hegseth urged France to increase its defense spending and, alongside other NATO allies, take primary responsibility for Europe's conventional defense, the U.S. Defense Department said in a statement on Thursday.The statement from chief...Reuters
Thu, Apr 17
Patriot Select gets FLOIR approval to begin writing HO business
By Chris MunroApril 17 - (The Insurer) - Patriot Select Property & Casualty Insurance Company has secured regulatory approval from the Florida Office of Insurance Regulation (FLOIR) to write admitted homeowners business in the Sunshine State.St Petersburg, Florida-based Patriot Select is the reb...Reuters
Thu, Apr 17
BREAKINGVIEWS-Defiance of US Supreme Court is tricky to price
By Gabriel Rubin WASHINGTON, April 17 (Reuters Breakingviews) - Beyond advantages in geography, resources and demographics, the United States’ economic might depends upon the predictable rule of law. Key to its function is the co-equal status of the executive branch, legislature and judiciary. By...Reuters
Thu, Apr 17
REFILE-Soccer-Jeep set to return as Juventus shirt sponsor in cheaper deal, sources say
Jeep in talks to pay almost 25 million euros annually'Visit Detroit' logo also set to appear on Juventus jerseyDeals set to end season-long main sponsorship hiatus Jeep had been Juventus main sponsor for over a decadeBy Giulio Piovaccari and Elvira Pollina TURIN/MILAN, April 17 (Reuters) ...Reuters
Thu, Apr 17
Aon estimates Q1 insured cat losses at $53 billion
By Scott VincentApril 17 - (The Insurer) - Aon has estimated first quarter insured losses from natural catastrophes at more than $53 billion, the second-highest total on record. Only 2011, which saw first-quarter insured losses of $81 billion, has seen a costlier first three months of the year, the ...Reuters
Thu, Apr 17
Drake attacks Lamar's Super Bowl performance in lawsuit against record label
Drake sued UMG over promotion of Lamar's 'Not Like Us'Drake says UMG tried to profit by making him a pariahUMG calls lawsuit baseless, affront to creative expressionBy Jonathan Stempel NEW YORK, April 17 (Reuters) - Drake expanded his defamation lawsuit against Universal Music Group, ...Reuters
Thu, Apr 17
Elevance maintains profit forecast after rival UnitedHealth's outlook cut
April 17 (Reuters) - Elevance Health ELV.N on Thursday forecast a first-quarter profit above estimates and maintained its annual profit view, hours after industry bellwether UnitedHealth UNH.N cut its outlook and sparked a selloff in shares of health insurers. UnitedHealth also missed its quarterly ...Reuters
Thu, Apr 17
