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Global banks predicted to get 10% trading revenue boost on tariff turmoil
Stocks outperformed bonds and currencies in 2Q, analytics firm saysActivity surges on shifting tariff policiesTrading gains expected to slow in 2HBy Saeed Azhar NEW YORK, July 9 (Reuters) - Global banks including top U.S. lenders are expected to report a 10% gain in markets revenue as traders cas...Reuters
Wed, Jul 9
Bank of England fines Vocalink more than $16 million for compliance failure
LONDON, July 9 (Reuters) - The Bank of England said on Wednesday it had fined payment systems firm Vocalink Limited 11.9 million pounds ($16.19 million) for falling short of its obligation to have adequate risk management and governance arrangements.($1 = 0.7349 pounds)Reuters
Wed, Jul 9
Sartorius Stedim Biotech Signs MoU With Sensible Biotechnologies On Cell-Based mRNA Production
July 9 (Reuters) - Sartorius Stedim Biotech SA STDM.PA:SIGNS MOU WITH SENSIBLE BIOTECHNOLOGIES TO ADVANCE CELL-BASED MRNA PRODUCTIONCOLLABORATION AIMS TO ENABLE CLINICAL-GRADE PRODUCTION OF CELL-BASED MRNA BY 2026Source text: hereReuters
Wed, Jul 9
EU trade chief hopeful of sealing U.S trade deal, possibly in days
BRUSSELS, July 9 (Reuters) - European Commission has made good progress on a framework trade agreement with United States and a deal may even be possible in the coming days, EU trade chief Maros Sefcovic said on Wednesday.Sefcovic told EU lawmakers he hoped that EU negotiators could finalise their w...Reuters
Wed, Jul 9
Russian says its forces advance in eastern Ukraine, strike military airfields
MOSCOW, July 9 (Reuters) - Russian forces advanced at key points along the front in eastern Ukraine, defeating Ukrainian units in at least six different regions, and used missiles and drones to strike ammunition depots and airfields, the defence ministry said. Russia, which controls a chunk...Reuters
Wed, Jul 9
Canadian companies diversify trade during US tariff war but experts see limits
Canada increases exports to UK, Europe, AustraliaGold exports to UK surge amid US trade tensionsUS remains dominant despite diversification effortsBy Promit Mukherjee OTTAWA, July 9 (Reuters) - Canadian companies are boosting trade with allies other than the U.S. and with smaller markets to minim...Reuters
Wed, Jul 9
ASML scraps inclusion and diversity targets in the US
By Nathan Vifflin AMSTERDAM, July 9 (Reuters) - Dutch semiconductor equipment supplier ASML ASML.AS has dropped its inclusion and diversity targets in the U.S. to comply with regulations there, it said on Wednesday.The world's largest computer chip equipment maker said its diversity and key p...Reuters
Wed, Jul 9
"Kevin vs Kevin" Battle for Fed Chair Ignites as Trump's Succession Game Rattles Markets
TradingKey - According to renowned Wall Street Journal journalist Nick Timiraos, internal discussions within the Trump administration are focused on two frontrunners—Kevin Hassett, the Director of the National Economic Council, and Kevin Warsh, a former Federal Reserve governor—who are vying for...TradingKey
Wed, Jul 9
Neptune Flood increases premium capacity to $400 million for 2025
By Mia MacGregorJuly 9 - (The Insurer) - AI-driven MGU Neptune Flood has secured more than $400 million in premium capacity for 2025, an increase from last year's $300 million. Neptune's capacity panel now includes more than 30 insurance and reinsurance partners, encompassing global reinsure...Reuters
Wed, Jul 9
Elanco Receives USDA Nod For Trucan Ultra Civ Canine Flu Vaccine
July 9 (Reuters) - Elanco Animal Health Inc ELAN.N:ELANCO RECEIVES USDA APPROVAL FOR TRUCAN™ ULTRA CIV H3N2/H3N8 (CANINE INFLUENZA VACCINE) BRINGING TO MARKET A HIGH STANDARD OF RESPIRATORY PROTECTIONELANCO ANIMAL HEALTH INC - TRUCAN ULTRA CIV AVAILABLE FOR PRE-ORDER, SHIPPING IN 30 DAYSReuters
Wed, Jul 9
UBS continues to see opportunity in the U.S., CEO says
July 9 (Reuters) - UBS continues to see a lot of opportunity in the United States, the Swiss bank's CEO Sergio Ermotti said in an interview with Fox Business Network on Wednesday."This is the reason why we keep investing in our franchise," Ermotti said.Reuters
Wed, Jul 9
Trump to visit Scotland in coming weeks, Sky News reports
LONDON, July 9 (Reuters) - U.S. President Donald Trump is expected to visit Scotland in the coming weeks, Sky News reported on Wednesday, citing unnamed sources, which would mark his first visit to Britain since the U.S. election last year.Reuters
Wed, Jul 9
MSIG USA promotes Wray to head of property
By Mia MacGregorJuly 9 - (The Insurer) - MSIG USA has appointed Philip Wray as head of property. Wray, who joined the company in 2015, most recently served as executive vice president of property.Prior to joining MSIG USA, Wray served as president of Tokio Marine Global and held senior roles at Swis...Reuters
Wed, Jul 9
Inshur raises $35 million from Trinity Capital in latest funding round
By Ashish TiwariJuly 9 - (The Insurer) - Commercial auto insurtech Inshur has secured $35 million in funding from alternative asset manager Trinity Capital, the company said on Wednesday.Inshur said the funding will support R&D focused on AI-powered underwriting and real-time pricing, which it h...Reuters
Wed, Jul 9
Russia says it has evidence Ukraine has repeatedly used anti-personnel landmines
MOSCOW, July 9 (Reuters) - Russia's foreign ministry said on Wednesday that it has evidence that Ukraine has repeatedly used anti-personnel mines which have injured civilians and so Kyiv's exit from the Ottawa Convention would have no impact on the battlefield.Ukraine last month announced it...Reuters
Wed, Jul 9
Sironax Grants Novartis Exclusive Option To Acquire Its Brain Delivery Platform
July 9 (Reuters) - Novartis AG NOVN.S:SIRONAX: GRANTS NOVARTIS EXCLUSIVE OPTION TO ACQUIRE ITS BRAIN DELIVERY PLATFORM WHILE RETAINING RIGHTS TO ADVANCE SELECTED THERAPEUTIC ASSETSSIRONAX: SIRONAX IS ELIGIBLE TO RECEIVE UP TO $175 MILLION IN UPFRONT AND NEAR-TERM PAYMENTS UNDER AGREEMENTSIRONAX: UND...Reuters
Wed, Jul 9
EXCLUSIVE-Ambani's Reliance Jio delays India IPO beyond this year, sources say
Reliance had planned 2025 listing for JioAim was for it to be India's biggest IPOReliance Retail IPO unlikely before 2027 or 2028, source saysBy Aditya Kalra and Scott Murdoch NEW DELHI/SYDNEY, July 9 (Reuters) - Indian telecoms and digital giant Reliance Jio Platforms, led by billionaire Muk...Reuters
Wed, Jul 9
Sironax Grants Novartis Exclusive Option To Acquire Its Brain Delivery Platform While Retaining Rights To Advance Selected Therapeutic Assets
July 9 (Reuters) - Novartis AG NOVN.S:SIRONAX GRANTS NOVARTIS EXCLUSIVE OPTION TO ACQUIRE ITS BRAIN DELIVERY PLATFORM WHILE RETAINING RIGHTS TO ADVANCE SELECTED THERAPEUTIC ASSETSNOVARTIS AG - NOVARTIS WILL EVALUATE BDM PLATFORM WITHIN AN OPTION PERIODNOVARTIS AG - SIRONAX IS ELIGIBLE TO RECEIVE UP ...Reuters
Wed, Jul 9
Automakers push EV sales as $7,500 US tax credit is set to end
EV sales expected to get a lift as tax-credit expiration nearsAutomakers offer incentives to boost EV sales before tax credit endsTax credit set to disappear September 30By Nora Eckert and Abhirup Roy DETROIT, July 9 (Reuters) - Automakers are urging customers to snap up electric vehicles before ...Reuters
Wed, Jul 9
Gilead, Global Fund finalize plan to supply HIV prevention drug to poor countries
Gilead to supply lenacapavir at cost to 2 million people over three yearsGlobal Fund prioritizes access based on HIV incidence, focuses on sub-Saharan AfricaGilead CEO hopeful of future US funding for global HIV programsBy Deena Beasley and Jennifer Rigby July 9 (Reuters) - Gilead Sciences GILD.O...Reuters
Wed, Jul 9
