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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
Ford recalls over 694,000 US vehicles over fire risk
July 16 (Reuters) - Ford F.N is recalling 694,271 vehicles in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday.The recall affects certain 2021-2024 Bronco Sport and 2020-2022 Escape vehicles, ...Reuters
Wed, Jul 16
China says sentencing of Japanese national handled in accordance with law
Beijing, July 16 (Reuters) - China's foreign ministry on Wednesday said the sentencing of a Japanese pharmaceutical employee indicted for espionage was handled in accordance with the law and that China has allowed Japan to provide consular services.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 published on Wednesday by the Iranian Students' News Agency. The report did not say what the preconditions were.Reuters
Wed, Jul 16
U.S- backed Gaza Humanitarian Foundation says 20 people killed in an incident in Khan Younis
July 16 (Reuters) - At least 20 people were killed in an incident in Gaza's Khan Younis on Wednesday, according to a statement from the U.S.-backed Gaza Humanitarian Foundation. GHF, which uses private U.S. security and logistics companies to get aid supplies into Gaza, added that 19 victims...Reuters
Wed, Jul 16
Ford Motor Company Is Recalling 694,271 U.S. Vehicles - NHTSA
July 16 (Reuters) - FORD MOTOR COMPANY IS RECALLING 694,271 U.S. VEHICLES - NHTSAFORD MOTOR COMPANY IS RECALLING SOME U.S. VEHICLES AS A FUEL LEAK IN THE PRESENCE OF AN IGNITION SOURCE, SUCH AS HOT ENGINE OR EXHAUST COMPONENTS, CAN INCREASE THE RISK OF A FIRE.- NHTSASource: https://tinyurl.com/276c3...Reuters
Wed, Jul 16
Soccer-Apollo in talks to take stake in Atletico Madrid, report says
MADRID, July 16 (Reuters) - U.S.-based buyout fund Apollo Global Management APO.N is in talks with the owner of Atletico Madrid to take a significant stake in the Spanish top-flight side, Expansion newspaper reported on Wednesday.The deal would value the team at roughly 2.5 billion euros ($2.91 bill...Reuters
Wed, Jul 16
UK fines Barclays $56.3 million for financial crime risk management lapses
July 16 (Reuters) - Britain's financial regulator on Wednesday said it has fined Barclays BARC.L 42 million pounds ($56.31 million) for failings related to financial crime risk management.($1 = 0.7459 pounds)Reuters
Wed, Jul 16
