News
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Canada's AAA credit ratings are safe from US tariffs; provinces more at risk
Canadian provinces face credit rating threats due to US tariffsOntario, Quebec, Manitoba most vulnerable to tariffsTariffs could lower growth, revenue for Canadian provincesProvincial budgets to reveal impact of tariffs, immigrationBy Promit MukherjeeOTTAWA, Feb 27 (Reuters) - Canada enjoys AAA sove...Reuters
Thu, Feb 27
Tesla plans free self-driving taxi service in California, report says
WASHINGTON, Feb 27 (Reuters) - Tesla Inc TSLA.O is planning to launch a free self-driving taxi service in California, the Washington Post reported on Thursday, citing emails it had obtained.The electric carmaker headed by Elon Musk sought a permit from the California Public Utilities Commission in a...Reuters
Thu, Feb 27
Digital rights activists file complaints in Europe over Meta's targeted ads
AMSTERDAM, Feb 27 (Reuters) - Online rights activists have filed complaints with data protection authorities in several European countries about U.S. software firm Meta's META.O targeted advertising practices, the Eko group said on Thursday.The group said it had filed complaints with watchdogs i...Reuters
Thu, Feb 27
Blue Marble launches Zurich-backed impact reinsurance facility
By Henry GaleFeb 27 - (The Insurer) - Insurtech Blue Marble has launched a new reinsurance facility, backed by Zurich Insurance, to provide climate protection for vulnerable communities around the world.Blue Marble's Impact Reinsurance Facility will provide risk capacity to brokers and insurers,...Reuters
Thu, Feb 27
BRIEF-S&P Says Thames Water Rating Raised To 'Ccc' From 'D' On Completed Debt Restructuring
Feb 27 (Reuters) - S&P:S&P: THAMES WATER RATING RAISED TO 'CCC' FROM 'D' ON COMPLETED DEBT RESTRUCTURING; OUTLOOK NEGATIVES&P: UPON COMPLETION OF THAMES WATER'S MATURITY EXTENSION, WE WOULD CONSIDER DEFAULT CUREDS&P: ANTICIPATE SECOND STAGE OF RESTRUCTURING PLAN W...Reuters
Thu, Feb 27
US Senator Elissa Slotkin to deliver Democratic rebuttal to Trump speech
By Gabriella BorterWASHINGTON, Feb 27 (Reuters) - Democratic U.S. Senator Elissa Slotkin, a swing state moderate with extensive national security experience, will give her party's rebuttal to President Donald Trump's address next week to Congress, her party's congressional leaders said o...Reuters
Thu, Feb 27
Judge dismisses Norfolk Southern bondholder lawsuit over 2023 Ohio derailment
NEW YORK, Feb 27 (Reuters) - A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern NSC.N of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine, Ohio of a train carrying hazardous che...Reuters
Thu, Feb 27
Migrants in limbo in Panama jungle camp after being deported from US
Migrants deported to Panama face uncertain future in jungle campLawyers unable to contact clients held in jungle campHuman rights groups criticize U.S.-Panama deportationRights groups fear for safety of asylum seekers returned to home countriesAdds comment from State Department in paragraph 11By Sar...Reuters
Thu, Feb 27
Mexico analyzing more measures to crack down on low-cost shipments, official says
Adds details, context throughoutBy Kylie Madry MEXICO CITY, Feb 27 (Reuters) - Mexico is weighing further trade measures to crack down on low-cost shipments into the country, an official said on Thursday, after slapping tariffs on so-called "de minimis" purchases largely coming from China...Reuters
Thu, Feb 27
Rabanne owner Puig expects slower sales growth in 2025, wary of US tariffs
Adds comments from Puig CEO on U.S. tariffsBy Corina Pons MADRID, Feb 27 (Reuters) - Puig PUIGb.MC, the Spanish beauty company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, expects revenue growth to slow to 6%-8% this year following an 11% increase in sales in 2024.The c...Reuters
Thu, Feb 27
Meta in talks to raise $35 billion for data center financing led by Apollo, Bloomberg News reports
Adds background in paragraphs 6-10 Feb 27 (Reuters) - Apollo Global Management is in talks to lead a roughly $35 billion financing package for Meta Platforms META.O to help develop data centers in the U.S., Bloomberg News reported on Thursday citing people with knowledge of the matter.The alterna...Reuters
Thu, Feb 27
EXCLUSIVE-T. Rowe, Columbia Threadneedle push back against some high-yield debt sponsors
Columbia Threadneedle blacklists some private equity firms for aggressive debt tacticsT. Rowe refused to buy some debt on LME suspicionsLMEs create 'multi-layer cake capital structures'By Shankar Ramakrishnan Feb 27 (Reuters) - Asset managers T. Rowe Price and Columbia Threadneedle are pu...Reuters
Thu, Feb 27
USDOT seeks to boost air traffic control hiring
WASHINGTON, Feb 27 (Reuters) - U.S. Transportation Secretary Sean Duffy said Thursday the Trump administration will take steps to boost air traffic controller hiring after a series of recent safety incidents again raised questioned about a persistent staffing shortage.The Federal Aviation Administra...Reuters
Thu, Feb 27
Katy Perry, Lauren Sanchez among Blue Origin's planned all-female crew to space
Adds astrophysicist comments in paragraphs 6-7By Akash Sriram Feb 27 (Reuters) - Pop star Katy Perry and journalists Gayle King and Lauren Sanchez, who is also billionaire Jeff Bezos' fiancée, are set to blast off into space on a Blue Origin rocket, marking the first all-female flight crew in...Reuters
Thu, Feb 27
KPMG approved to launch US law firm in first for Big Four
By Sara Merken Feb 27 (Reuters) - KPMG won approval from Arizona's Supreme Court on Thursday to launch a law firm in Arizona, making it the first of the Big Four accounting firms to be able to practice law in the United States.KPMG Law US, an independently-managed subsidiary of KPMG, will wor...Reuters
Thu, Feb 27
Mexico to extradite to U.S. convicted drug kingpin Caro Quintero and other suspected cartel members
MEXICO CITY, Feb 27 (Reuters) - Mexico will extradite to the United States drug lord Rafael Caro Quintero, convicted of murdering a US anti-narcotics agent in 1985, and nearly 30 other suspected cartel members, including Z40 and Z42, sources told Reuters on Thursday.Reuters
Thu, Feb 27
US court rejects Hikvision bid to lift FCC ban on equipment approvals
WASHINGTON, Feb 27 (Reuters) - A U.S. appeals court on Thursday rejected a bid by Hikvision 002415.SZ to lift a 2022 bar by the Federal Communications Commission on approvals of new video surveillance and telecommunications equipment produced by the Chinese manufacturer.Reuters
Thu, Feb 27
Fed's Hammack: discount window is a very helpful tool for banks when needed
NEW YORK, Feb 27 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday the central bank’s discount window emergency lending facility is a “very helpful tool” that banks should consider when they need fast liquidity. Hammack, in response to audience questions after a s...Reuters
Thu, Feb 27
