News
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US Treasury issues general license related to upcoming Trump-Putin summit
WASHINGTON, Aug 13 (Reuters) - The U.S. Treasury Department on Wednesday issued a general license authorizing transactions related to the Friday meeting between U.S President Donald Trump and Russian President Vladimir Putin in Alaska.The license will allow transactions through 12:01 a.m. eastern (0...Reuters
Wed, Aug 13
CANADA RESEARCH ROUNDUP-Altus Group, National Bank of Canada, RBC
Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Altus Group, National Bank of Canada and RBC on Wednesday.HIGHLIGHTS * Altus Group Ltd AIF.TO: National Bank of Canada ups to outperform from sector perform* Bank of Montreal BMO...Reuters
Wed, Aug 13
Brightstone acquires hospitality insurance program administrator RMS Hospitality Group
By Isha MaratheAug 13 - (The Insurer) - U.S. insurance broker Highstreet subsidiary Brightstone Specialty Group has acquired hospitality industry-focused program administrator RMS Hospitality Group and its sister company, Fortis Risk Solutions.The financial terms of the deal were not disclosed. ...Reuters
Wed, Aug 13
U.S. RESEARCH ROUNDUP-Apollo, Blackstone, Nvidia
Aug 13 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Apollo, Blackstone, and Nvidia, on Wednesday. HIGHLIGHTS* Apollo APO.N: Jefferies raises target price to $154 from $143* Blackstone BX.N: Jefferies raises target...Reuters
Wed, Aug 13
Trump asked Polish President Nawrocki to replace Tusk in Ukraine meeting
By Barbara Erling and Anna Koper WARSAW, Aug 13 (Reuters) - U.S. President Donald Trump at the last minute requested MAGA-allied Polish President Karol Nawrocki join the Ukraine teleconference with European leaders on Wednesday, according to centrist Polish Prime Minister Donald Tusk, Nawrocki...Reuters
Wed, Aug 13
New York sues Zelle, says security lapses led to $1 billion consumer fraud losses
James says Zelle ignored basic anti-fraud safeguardsBofA, Chase, Wells Fargo, other banks own Zelle parentZelle calls James' claims meritless, touts safetyBy Jonathan Stempel NEW YORK, Aug 13 (Reuters) - Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the elec...Reuters
Wed, Aug 13
BMO exploring sale of transportation finance business, Bloomberg News reports
Aug 13 (Reuters) - Canada's Bank of Montreal BMO.TO is exploring a sale of its transportation finance business for about $1 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.Reuters
Wed, Aug 13
CORRECTED-COLUMN-Amazon wins green praise for brown-bag packaging: Ross Kerber
By Ross Kerber Aug 13 (Reuters) - Environmentalists cheered when Amazon's recent sustainability report showed a 16% decline in the company's shipments with single-use plastic, to 74,137 metric tons last year. That's significant, especially as many companies adjust to new priorities fr...Reuters
Wed, Aug 13
South African auto parts group Jendamark braces for US tariff hit
By Nqobile DludlaGQEBERHA, Aug 13 (Reuters) - South African auto parts manufacturer Jendamark Automation stands to lose 750 million ($43 million) rand of contracts in a U.S. market it has built up to account for 50% of its exports, its operations director told Reuters.The 40-year-old company based i...Reuters
Wed, Aug 13
JM GROUP FILES FOR IPO OF 3.75 MILLION ORDINARY SHARES- SEC FILING
Aug 13 (Reuters) - JM GROUP: JM GROUP LIMITED: EXPECTS TO LIST ITS ORDINARY SHARES ON NYSE AMERICANJM GROUP LTD - FILES FOR IPO OF 3.75 MILLION ORDINARY SHARES - SEC FILINGJM GROUP LIMITED: ESTIMATED INITIAL PUBLIC OFFERING PRICE FOR ORDINARY SHARES IN OFFERING EXPECTED TO BE BETWEEN $4 AND $5 PER O...Reuters
Wed, Aug 13
PREVIEW-Tapestry quarterly revenue likely rose 5.5% as Coach bags drew young shoppers
Accessible luxury brands gain momentum amid economic challengesCoach brand drives Tapestry's revenue growth, targeting younger demographicsKate Spade struggles with heavy promotions, affecting Tapestry's performanceBy Samantha Marshak Aug 13 - Tapestry TPR.N kept up a brisk pace of sales ...Reuters
Wed, Aug 13
Brazil to seek exemption from fiscal target for US tariff aid spending
BRASILIA, Aug 13 (Reuters) - Brazil's government will send a bill to Congress requesting that 9.5 billion reais ($1.76 billion) in spending under its aid package for companies hit by steeper U.S. tariffs be excluded from the country's fiscal target, an official said on Wednesday.Speaking at ...Reuters
Wed, Aug 13
EXCLUSIVE-US embeds trackers in AI chip shipments to catch diversions to China, sources say
Trackers found in Dell and Super Micro shipments containing Nvidia, AMD chips, sources sayChina criticizes US export curbs, tracking proposalsBy Fanny Potkin, Karen Freifeld and Jun Yuan Yong SINGAPORE/NEW YORK, Aug 13 (Reuters) - U.S. authorities have secretly placed location tracking devices ...Reuters
Wed, Aug 13
GEO Group loses latest bid to nix $23 mln verdict over immigrant detainee pay
By Daniel Wiessner Aug 13 (Reuters) - Private prison operator GEO Group must pay more than $23 million to the state of Washington and hundreds of immigrant detainees who were paid $1 a day to participate in a work program, a U.S. appeals court ruled on Wednesday.The full 9th U.S. Circuit Court of...Reuters
Wed, Aug 13
Fed's Goolsbee: grappling with inflation will make upcoming meetings 'live'
Aug 13 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said the U.S. central bank is grappling with understanding whether tariffs will push up inflation just temporarily or more persistently, which would inform its decision on when to cut rates."As we go into the fall, these a...Reuters
Wed, Aug 13
Brazil unveils aid package for exporters hit by US tariffs
Brazil among hardest hit by Trump tariffsAid plan centered on $5.5 billion credit lineLula says no retaliation for nowBy Marcela Ayres BRASILIA, Aug 13 (Reuters) - Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on cr...Reuters
Wed, Aug 13
ECST Holdings To Offer 2 Mln Class A Ordinary Shares In Us IPO-SEC Filing
Aug 13 (Reuters) - ECST HOLDINGS LTD : ECST HOLDINGS LTD TO OFFER 2,000,000 CLASS A ORDINARY SHARES IN US IPO - SEC FILINGECST HOLDINGS LTD - APPLIES TO LIST SHARES ON NASDAQ UNDER SYMBOL ECST - SEC FILINGECST HOLDINGS LTD - ESTIMATED IPO PRICE PER CLASS A ORDINARY SHARE IS $4.00 - SEC FILINGECST ...Reuters
Wed, Aug 13
