News
Important Only
BRIEF-Xinhua Says China Warns That U.S. Proposal To Levy Port Fees On Chinese Ships Could Backfire
Feb 27 (Reuters) - XINHUA:CHINA WARNS THAT U.S. PROPOSAL TO LEVY PORT FEES ON CHINESE SHIPS COULD BACKFIRECHINA'S COMMERCE MINISTRY: CHARGING FEES ON CHINESE SHIPS ENTERING U.S. PORTS WOULD DISRUPT GLOBAL SUPPLY CHAINS, BACKFIRE ON U.S. ECONOMY, EMPLOYMENTFurther company coverage: [ ]Reuters
Thu, Feb 27
Gallagher acquires São Paulo-based Case Group
By Mia MacGregorFeb 27 - (The Insurer) - Arthur J Gallagher has acquired São Paulo, Brazil-based Case Group, an employee and health benefits brokerage and consulting firm. Terms of the transaction were not disclosed.The Case Group team, led by Rafael Motta, will continue operating from their current...Reuters
Thu, Feb 27
WRAPUP 3-Canada's RBC, TD, CIBC top profit expectations, stay cautious on trade risks
Adds shares in paragraph 7,10, analyst comments in paragraph 8-9 and details from conference callBanks' quarterly profits beat analyst expectationsRBC and TD set aside funds to shield against potential bad loansRBC CEO says bank 'seeing signs of lower business confidence'By Nivedita Balu...Reuters
Thu, Feb 27
Fortegra grows GWP and premium equivalents 18% to $852 million in Q4
By Michael LoneyFeb 27 - (The Insurer) - Fortegra grew gross written premiums (GWP) and premium equivalents 17.6% to $851.9 million in the fourth quarter, while the Tiptree and Warburg Pincus-backed specialty carrier also slightly improved its combined ratio to 89.5%.GWP and premium equivalents up 1...Reuters
Thu, Feb 27
Report of TSMC chips made for Huawei "a huge concern", US Commerce nominee says
Feb 27 (Reuters) - U.S. President Donald Trump's nominee to a post overseeing export policy on China said on Thursday that a report about Taiwan Semiconductor Manufacturing Co 2330.TW producing hundreds of thousands of chips for Huawei was "a huge concern."Jeffrey Kessler, the nominee fo...Reuters
Thu, Feb 27
CORRECTED-Health Rounds: Experimental drug delays heart valve disease progression, and potentially surgery
Corrects headline and first item in Feb 25 Health Rounds newsletter to reflect that Sanofi is no longer involved in the drug's developmentBy Nancy LapidFeb 25 (Reuters) - Hello, Health Rounds Readers! Procedures to replace diseased heart valves are increasingly common, but today we have data on ...Reuters
Thu, Feb 27
GSK abandons diversity targets following Trump pressure
By Maggie Fick LONDON, Feb 27 (Reuters) - British drugmaker GSK GSK.L will no longer set diversity targets, it said on Thursday, as it became the latest company to scale back or abandon such goals in response to the U.S. president's opposition to them.President Donald Trump has issued a serie...Reuters
Thu, Feb 27
US CFPB drops enforcement action against Capital One
Feb 27 (Reuters) - The U.S. Consumer Financial Protection Bureau on Thursday dropped a legal action against Capital One COF.N, which the agency had accused last month of cheating consumers out of more than $2 billion in interest payments on savings accounts.The dismissal continues President Donald T...Reuters
Thu, Feb 27
Paris prosecutor drops case against Apple over Congo minerals, document shows
Adds Congo lawyers quote in paragraph 6 PARIS, Feb 27 (Reuters) - French prosecutors have closed a case filed by Democratic Republic of Congo accusing Apple AAPL.O subsidiaries of using conflict minerals in its supply chain, according to a document seen by Reuters on Thursday.Congo filed criminal...Reuters
Thu, Feb 27
Israeli Finance Minister Smotrich to meet US Treasury secretary next week
Adds detailsBy Steven ScheerJERUSALEM, Feb 27 (Reuters) - Israeli Finance Minister Bezalel Smotrich, a right-winger kept at arms length by Washington under former President Joe Biden, will meet U.S. Treasury Secretary Scott Bessent in Washington next Wednesday, Smotrich's spokesman said on Thurs...Reuters
Thu, Feb 27
FCC advances auction of wireless spectrum to fund Chinese equipment removal
WASHINGTON, Feb 27 (Reuters) - The Federal Communications Commission voted on Thursday to advance a wireless spectrum auction to provide nearly $3.1 billion for U.S. telecom companies to remove equipment made by Chinese telecoms firms Huawei and ZTE 000063.SZ from American wireless networks to addre...Reuters
Thu, Feb 27
Katy Perry, Lauren Sanchez among Blue Origin's planned all-female crew to space
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 more than six decades.The New Shepard rocket, a 59-foot tall (18...Reuters
Thu, Feb 27
Smaller investors increasingly considering ILS
By George AbbottFeb 27 - (The Insurer) - Smaller investors are increasingly looking to get involved in insurance-linked securities (ILS), according to Henry Paddison, head of capital development and investor relations at Ariel Re.“Traditionally, the ILS asset class has been aimed at large institutio...Reuters
Thu, Feb 27
Canada says progress made on tightening border should satisfy US
Adds border agency cracking down on drugs paragraphs 6-7 OTTAWA, Feb 27 (Reuters) - The progress Canada has made on tightening security along the border with the United States and combating drug smuggling should satisfy the Trump administration, Public Safety Minister David McGuinty said on Thurs...Reuters
Thu, Feb 27
RenRe’s DaVinciRe JV offers $300 million senior notes
By Michael LoneyFeb 27 - Bermudian reinsurer RenaissanceRe has announced that its joint venture DaVinciRe Holdings has agreed to sell a private debt offering of $300 million aggregate principal amount of 5.95% senior notes due 2035.The offering is expected to close on March 5, subject to the satisfa...Reuters
Thu, Feb 27
Olympics-World Boxing chief hails IOC backing but says the real work starts now
By Iain Axon Feb 27 (Reuters) - World Boxing president Boris van der Vorst is delighted that his federation has received the backing of the International Olympic Committee (IOC) but told Reuters on Thursday that the real work had just begun.At the Paris 2024 Olympics, boxing was run by the IOC af...Reuters
Thu, Feb 27
BRIEF-Musk Says Starlink Terminals Are Being Sent On Emergency Basis To Restore Air Traffic Control Connectivity - X Post
Feb 27 (Reuters) - MUSK: STARLINK TERMINALS ARE BEING SENT AT NO COST TO THE TAXPAYER ON AN EMERGENCY BASIS TO RESTORE AIR TRAFFIC CONTROL CONNECTIVITY - X POSTSource text: tinyurl.com/43cv2pwsFurther company coverage: VZ.NReuters
Thu, Feb 27
Tequila maker Becle's warns of Trump's tariff plan impact
MEXICO CITY, Feb 27 (Reuters) - Mexico's Becle CUERVO.MX could face an $80 million impact in 2025 if tariffs to be imposed on Mexican goods by the U.S. materialize in March, the company's chief financial officer Rodrigo de la Maza said Thursday. Excluding any potential tariff impact, the co...Reuters
Thu, Feb 27
BRIEF-Td CEO Says Tariff Situation Is "A Clear Signal" That Canadian Governments Must Remove Obstacles That Hold Back National Productivity And Strengthen Competitiveness
Feb 27 (Reuters) - Toronto-Dominion Bank TD.TO:TD CEO SAYS TARIFF SITUATION IS "A CLEAR SIGNAL" THAT CANADIAN GOVERNMENTS MUST REMOVE OBSTACLES THAT HOLD BACK NATIONAL PRODUCTIVITY AND STRENGTHEN COMPETITIVENESSTD CEO SPEAKING ON CONFERENCE CALLTD EXEC SAYS REMEDIATION PROGRAM RELATED EXPENS...Reuters
Thu, Feb 27
