News
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Treasury's Bessent says he backs Trump's call for cap on credit card interest rates
WASHINGTON, Feb 5 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday said he supports President Donald Trump's call for capping credit card interest rates at 10% for one year."I wholeheartedly support President Trump's policy," Bessent told the Senate Banking Committee, wh...Reuters
Thu, Feb 5
Bessent says up to Trump whether Warsh might be sued for monetary policy choices
By Michael S. DerbyFeb 5 (Reuters) - U.S. Treasury Secretary Scott Bessent declined on Thursday to commit the Trump administration to not suing Kevin Warsh, its nominee to be Federal Reserve Chair, if he follows a monetary path opposed by the president.Senator Elizabeth Warren asked Bessent in a Sen...Reuters
Thu, Feb 5
Olympics-Snowboard-Canada's McMorris to miss big air contest after crash
By Lisa Richwine LIVIGNO, Italy, Feb 5 (Reuters) - Canadian snowboarder Mark McMorris, a three-times Olympic bronze medallist, said he would not be able to take part in Thursday's qualifying event for the men's big air competition at the Milano Cortina Games, after hitting his head during...Reuters
Thu, Feb 5
ANALYSIS- Zurich's Beazley bid sets the stage for more insurance deals
Beazley deal will boost Zurich's Lloyd's market presencePotential targets include Hiscox, Lancashire, and Conduit HoldingsJapanese and European insurers eye growth in specialty linesBy Charlie Conchie, Amy-Jo Crowley and Jemima Denham LONDON, Feb 5 (Reuters) - Zurich Insurance's bid ...Reuters
Thu, Feb 5
US cuts contact with Polish parliament speaker over Trump 'insults'
WARSAW, Feb 5 (Reuters) - The U.S. ambassador in Warsaw cut off contact with Poland's parliament speaker on Thursday, accusing him of insulting Donald Trump after he criticised the president's policies and declined to support his Nobel Peace Prize ambitions. Ambassador Tom Rose's furious...Reuters
Thu, Feb 5
Blackstone gets India's central bank nod to buy Federal Bank stake
Feb 5 (Reuters) - The Indian central bank has approved private equity firm Blackstone's acquisition of up to a 9.99% stake in Federal Bank FED.NS, the private lender said on Thursday. The deal, which would make Blackstone the largest shareholder in the bank, adds to the growing list of la...Reuters
Thu, Feb 5
Glencore, Rio abandon merger talks for the third time
Feb 5 (Reuters) - Rio Tinto RIO.AX said on Thursday that it was no longer in talks with Glencore GLEN.L about a takeover that would have created the world's largest mining company, saying it could not reach an agreement that would deliver value to its shareholders.Attempts to combine the compa...Reuters
Thu, Feb 5
Olympics-Alpine skiing-Vonn lifting weights, doing box jumps and squats
Vonn ruptured her ACL in World Cup crash last FridayThursday training cancelled due to heavy snowfallVonn leads World Cup downhill standingsBy Alan Baldwin CORTINA D'AMPEZZO, Italy, Feb 5 (Reuters) - Lindsey Vonn opened a window into her workout regime on Thursday as the 41-year-old U.S. Alpi...Reuters
Thu, Feb 5
Olympics-Skeleton-US bidding for world and Olympic team double
World champion relay team target Olympic goldUS is most successful skeleton nation in the OlympicsHost declines to take questions on Katie UhlaenderBy Mitch PhillipsCORTINA D'AMPEZZO, Italy, Feb 5 (Reuters) - The United States is the most successful skeleton nation in Winter Olympic history but ...Reuters
Thu, Feb 5
Rio Tinto Abandons Merger Talks with Glencore
Feb 5 (Reuters) - Rio Tinto PLC RIO.L:RIO TINTO - NO INTENTION TO BID STATEMENTRIO TINTO - NO INTENTION TO BID STATEMENTRIO TINTO - NO LONGER CONSIDERING MERGER WITH GLENCORERIO TINTO - COULD NOT REACH AGREEMENT DELIVERING SHAREHOLDER VALUERIO TINTO - NO LONGER CONSIDERING MERGER WITH GLENCOREReuters
Thu, Feb 5
Glencore and Rio abandon merger talks
February 5 (Reuters) - Rio Tinto RIO.AX said on Thursday that it was no longer in talks with Glencore GLEN.L about a takeover that would have created the world's largest mining company, saying it could not reach an agreement that would deliver value to its shareholders.Reuters
Thu, Feb 5
Rockwell Automation results top estimates, annual forecast lags
By Aatreyee DasguptaFeb 5 (Reuters) - Rockwell Automation ROK.N on Thursday posted strong first-quarter profit and sales, as sustained industrial demand buoyed its topline and cost saving measures helped boost margins, but the midpoint of its narrowed full-year profit forecast range was below Wall S...Reuters
Thu, Feb 5
Pentagon asked to probe SpaceX for potential Chinese ownership
Senators Warren, Kim express national security concerns over Chinese investmentSpaceX's role in US security infrastructure heightens scrutinyDelaware court case highlights Chinese investor removal from SpaceX fundBy Echo Wang and Joey Roulette Feb 5 (Reuters) - Two Democratic U.S. senators ur...Reuters
Thu, Feb 5
AI Lab Goodfire Raises $150M At $1.25B Valuation To Design Models With Interpretability
Feb 5 (Reuters) - Goodfire:AI LAB GOODFIRE RAISES $150M AT $1.25B VALUATION TO DESIGN MODELS WITH INTERPRETABILITYGOODFIRE: FUNDING ROUND LED BY B CAPITAL, WITH PARTICIPATION FROM EXISTING INVESTORS JUNIPER VENTURES, MENLO VENTURES & OTHERSGOODFIRE: FUNDING ROUND HAD PARTICIPATION FROM NEW INVES...Reuters
Thu, Feb 5
Brazil's Lula likely to visit Washington in early March
SAO PAULO, Feb 5 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday he is likely to travel to Washington in the first week of March for a meeting with his U.S. counterpart Donald Trump.Speaking in an interview with news outlet UOL, Lula said Brazil would be interested in bein...Reuters
Thu, Feb 5
INSTANT VIEW-Hims and Hers Health's compounded Wegovy pill offering fuels market jitters
Feb 5 (Reuters) - Hims & Hers HIMS.N said it would begin offering compounded versions of Novo Nordisk's NOVOb.CO Wegovy pill at an introductory price of $49 per month.The company said the offering would be guided by clinical recommendations for personalized treatment, mirroring the approach ...Reuters
Thu, Feb 5
KKR has around 7% of assets in software, co-CEO says
NEW YORK, Feb 5 (Reuters) - Investment firm KKR KKR.N holds around 7% of its portfolio in software assets, its co-CEO said on Thursday, responding to market volatility prompted by fears of disruption and potential losses in the sector linked to artificial intelligence."We took an inventory of ou...Reuters
Thu, Feb 5
