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TIMELINE-Major developments in Trump's trade war
July 16 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.Here is a timeline of the major developments:February 1 - Trump imposes 25% tariffs on Mexican and most C...Reuters
Wed, Jul 16
UK fines Barclays $56 million for lapses in financial crime control
Barclays fined for failing to assess money laundering risks with clientsFCA says Barclays made inadequate checks into Stunt & Co, WealthTekBarclays says self-reported findings, cooperated with FCA investigations July 16 (Reuters) - Britain's financial regulator fined Barclays BARC.L 42 mi...Reuters
Wed, Jul 16
Thailand central bank says worried about flood of cheap imports into country
BANGKOK, July 16 (Reuters) - Thailand's central bank chief said on Wednesday he is concerned that U.S. tariffs will lead to a flood of cheap imports into Thailand that will hurt local businesses. Any measures that the government takes to address the impact of U.S. tariffs should focus on long-te...Reuters
Wed, Jul 16
US DOJ hits states with requests for voter rolls, election data, Washington Post reports
July 16 (Reuters) - The administration of U.S. President Donald Trump and its allies have launched a multi-pronged effort to gather data on voters and inspect voting equipment, the Washington Post reported on Wednesday.Reuters
Wed, Jul 16
Iberdrola Signs 2.5 Bln Euro Credit Line With 32 Banks
July 16 (Reuters) - Iberdrola SA IBE.MC:SIGNS 2.5 BILLION EURO CREDIT LINE WITH 32 INTERNATIONAL BANKSTRANSACTION, HAS BEEN OVERSUBSCRIBED BY 45%LINE OF CREDIT HAS A DURATION OF FIVE YEARS, WITH OPTION OF EXTENSION FOR TWO MORE YEARSAVANGRID, IBERDROLA'S SUBSIDIARY IN THE US, HAS JOINED OPERATIO...Reuters
Wed, Jul 16
Descartes looks beyond parametric to diversification opportunities where it has 'data advantage'
By Henry GaleJuly 16 - (The Insurer) - Descartes Underwriting's entry into the cyber, machinery breakdown and credit risk markets has seen the firm expand beyond its traditional parametric weather and catastrophe offerings.Co-founder Kevin Dedieu said that while parametric covers would remain th...Reuters
Wed, Jul 16
Chinese AI firm MiniMax targets $4 billion-plus valuation in Hong Kong IPO, sources say
Company could raise up to HK$5 billion in IPO, source saysIPO could happen this year, sources sayCICC and UBS hired as IPO sponsors, sources sayBy Kane Wu, Liam Mo and Che Pan HONG KONG, July 16 (Reuters) - Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offeri...Reuters
Wed, Jul 16
Kremlin says it is closely monitoring Western weapons supplies to Ukraine
MOSCOW, July 16 (Reuters) - The Kremlin said that the supply of weapons to Ukraine by the West is high on agenda and that Kremlin is monitoring this issue thoroughly, Russian news agencies reported on Wednesday.The supplies of weapons to Ukraine is a business and some European countries will pay fo...Reuters
Wed, Jul 16
Patriot-owning nations could meet next week to discuss Ukraine aid, source says
BRUSSELS, July 16 (Reuters) - A meeting of Patriot owner nations and Ukraine donors, aiming to find additional Patriot air defence batteries for Kyiv and chaired by NATO's top military commander, could take place Wednesday next week, a source close to the talks told Reuters.Reuters
Wed, Jul 16
Reeves unveils inaugural financial services growth and competitiveness strategy
By Rebecca DelaneyJuly 16 - (The Insurer) - UK Chancellor Rachel Reeves has said the UK government will provide targeted regulatory support to sectors which hold an existing competitive advantage, including insurance, under its inaugural financial services growth and competitiveness strategy.Unveili...Reuters
Wed, Jul 16
Wistron Will Boost Capital Of Silicon Valley Unit Wislab EMS By $45 Million
July 16 (Reuters) - Wistron Corp 3231.TW:WILL BOOST CAPITAL OF SILICON VALLEY UNIT WISLAB EMS CORP. BY $45 MILLIONWILL ALSO INVEST UP TO $55.9 MILLION FOR IMPROVEMENTS TO BUILDINGS HOUSING UNIT'S OPERATIONAL FACILITIESFurther company coverage: 3231.TWReuters
Wed, Jul 16
National Grid Selects Sumitomo Electric As Preferred Subsea Cable Supplier For Sea Link Project - Website
July 16 (Reuters) - National Grid:NATIONAL GRID: SELECTS SUMITOMO ELECTRIC INDUSTRIES, LTD. AS PREFERRED SUBSEA CABLE SUPPLIER FOR SEA LINK PROJECTNATIONAL GRID: SUMITOMO ELECTRIC’S £350 MILLION INVESTMENT IN NIGG FACTORY TO CREATE AROUND 150 JOBS - WEBSITEReuters
Wed, Jul 16
Solvency capital rules and tax to drive UK captive onshoring
By Navneeta NandanJuly 16 - (The Insurer) - UK-headquartered multinational groups are the most likely to benefit from onshoring or expanding their captive operations under the government's planned captive framework, insurance industry representatives have said.The UK government said in a consult...Reuters
Wed, Jul 16
Iran parliament rules out resumption of US talks until preconditions are met
DUBAI, July 16 (Reuters) - Iran's parliament said the country should not resume nuclear negotiations with the United States until preconditions are met, in a statement reported on Wednesday by Iranian state media. "When the U.S. use negotiations as a tool to deceive Iran and cover up a sudde...Reuters
Wed, Jul 16
China supports Iran in resisting 'bullying', respects peaceful use of nuclear energy, foreign minister says
BEIJING, July 16 (Reuters) - China will continue to support Iran in safeguarding its national sovereignty and dignity, and in "resisting power politics and bullying," Foreign Minister Wang Yi told his Iranian counterpart on Wednesday."China attaches importance to Iran's commitment no...Reuters
Wed, Jul 16
Richemont reports 6% rise in sales as jewellery defies luxury slowdown
Jewellery sales up 11%, lifted by Cartier and Van Cleef brandsRichemont outpaces peers thanks to rich clientsLuxury sector seen declining this yearBy Marleen Kaesebier and Mimosa Spencer July 16 (Reuters) - Swiss luxury group Richemont CFR.S reported a 6% rise in quarterly sales on Wednesday, lif...Reuters
Wed, Jul 16
'Japanese First' party shakes up election with alarm over foreigners
Japan holds upper house elections on Sunday Sanseito party, birthed on YouTube, set to make gainsRuling party pledges crackdown on foreigners as mood shiftsBy Tim Kelly and John Geddie TOKYO, July 16 (Reuters) - An upstart party is gaining support ahead of elections in Japan by railing against a ...Reuters
Wed, Jul 16
Gallagher Re: $75 billion industry loss event needed to shift property reinsurance behaviour
Gallagher Re estimates $84 billion in H1 2025 insured losses, driven by U.S. eventsNine of the 10 costliest events occurred in the U.S., dominated by wildfires and severe convective stormsGallagher Re's H1 loss estimate lower than Aon's $100 billion tally, with differing SCS figuresBy Scott ...Reuters
Wed, Jul 16
China, EU lifting all restrictions on mutual exchange, says China's foreign ministry
BEIJING, July 16 (Reuters) - China's foreign ministry on Wednesday said China and the EU parliament were lifting all restrictions on mutual exchange, after the South China Morning Post reported that China had removed "restrictions" on former EU lawmaker Reinhard Buetikofer sanctioned in ...Reuters
Wed, Jul 16
