News
Important Only
Street View: BlackRock set to weather headwinds as growth initiatives take hold
** BlackRock's BLK.N assets under management hit a new high in the second quarter as global markets rallied** Long-term net inflows fell 9.8% to $46 billion in the quarter from a year earlier, the world's largest asset manager said on Tuesday, also below the average analyst expectation of $5...Reuters
Wed, Jul 16
Allianz's fund arm AGI can resume business in US, CEO says
MUNICH, July 16 (Reuters) - Allianz's ALVG.DE fund management arm AGI can resume business in the United States after being forced to exit the market following a fraud scandal, the German company's CEO said.In 2022, the German financial giant agreed to pay more than $6 billion and its U.S. as...Reuters
Wed, Jul 16
Former Tibet Communist Party secretary gets suspended death sentence over bribery
BEIJING, July 16 (Reuters) - Wu Yingjie, a former Communist Party chief of China's Tibet region who was sanctioned by the United States and Canada over alleged human rights violations, was given a suspended death sentence, state-run news agency Xinhua reported. A court in Beijing on Wednesday s...Reuters
Wed, Jul 16
Diageo planning to replace CEO Debra Crew, Financial Times reports
July 16 (Reuters) - Spirits maker Diageo DGE.L is planning to replace Chief Executive Officer Debra Crew and is searching for a replacement to lead the company's turnaround, the Financial Times reported on Wednesday, citing people familiar with the matter.Reuters could not immediately confirm th...Reuters
Wed, Jul 16
Schneider Electric considers buying remaining stake in India unit, Bloomberg News reports
July 16 (Reuters) - French industrial tech firm Schneider Electric SCHN.PA is in talks to buy the remaining 35% stake in its India unit from minority partner Temasek Holdings, Bloomberg News reported on Wednesday.The deal, which is worth $1 billion, values Schneider Electric India Pvt at roughly $5 ...Reuters
Wed, Jul 16
Arch names Fairs head of agency management at Lloyd's unit
By Ashish TiwariJuly 16 - (The Insurer) - Arch Insurance International has promoted Chris Fairs to head of agency management at Arch Managing Agency Limited (AMAL), the company said on Wednesday. Fairs, who was previously agency manager at AMAL, will now oversee Lloyd’s submissions for Syndicates 20...Reuters
Wed, Jul 16
German cabinet approves mid-term fiscal plan for Brussels
Germany's fiscal plan aligns with EU rules despite spending surgeInfrastructure fund and defence investments exempt from national borrowing capFiscal consolidation targeted by 2029 through reduced spending growthBy Maria Martinez BERLIN, July 16 (Reuters) - The German cabinet approved on Wedn...Reuters
Wed, Jul 16
Consilium unveils UK casualty binder, appoints Browne to manage
By Navneeta NandanJuly 16 - (The Insurer) - Aventum Group's Consilium has launched its first casualty binder within its UK division and hired Dual's Luke Browne to manage it, the broker said on Wednesday.This exclusive binder, Consilium Risk Solutions, is backed by A-rated capacity with low ...Reuters
Wed, Jul 16
Bank of America profit rises on trading
July 16 (Reuters) - Bank of America's BAC.N profit rose in the second quarter as its traders brought in more revenue from tumultuous markets in the second quarter, it said on Wednesday. The bank's profit was $7.1 billion, or 89 cents per share, for the three months ended June 30, compared wi...Reuters
Wed, Jul 16
Regional lender First Horizon posts higher Q2 net income
OverviewFirst Horizon Q2 net income rises to $233 mln, EPS at $0.45Adjusted net income for Q2 was $229 mln, reflecting growth from prior qtrCompany highlights strong performance and commitment to profitability and growthOutlookCompany sees full year adjusted revenue flat up to 4% compared to 2024Fir...Reuters
Wed, Jul 16
Iran is ready to respond to any renewed military attack, supreme leader says
DUBAI, July 16 (Reuters) - Iran is ready to respond to any renewed military attack, the country's Supreme Leader Ayatollah Ali Khamenei said in comments carried by state TV on Wednesday, adding Tehran was capable of giving a bigger blow to adversaries than the one delivered during the 12-day Ira...Reuters
Wed, Jul 16
Quandri raises $12 million in Framework Ventures-led round
By Isha MaratheJuly 16 - (The Insurer) - Vancouver-based insurtech Quandri has raised $12 million in a funding round led by Framework Venture Partners, with participation from Fuse, Defined Capital and Intact Ventures.The new round brings Quandri's total funds raised to date to around $22 milli...Reuters
Wed, Jul 16
Nvidia to boost H20 chip sales to China after US export restrictions ease
CEO Huang aims to increase H20 chip supply for ChinaH20 chip sales resume after US-China export talksNvidia also developing RTX Pro GPU for Chinese marketBy Che Pan and Casey Hall BEIJING/SHANGHAI, July 16 (Reuters) - Nvidia NVDA.O will ramp up supply of Chinese-compliant H20 chips in the coming...Reuters
Wed, Jul 16
Stellantis discontinues hydrogen fuel cell programme and van production
ROME, July 16 (Reuters) - Carmaker Stellantis STLAM.MI said on Wednesday it would discontinue its hydrogen fuel cell technology programme and no longer launch hydrogen-powered vehicles this year, raising questions about the future of hydrogen subsidiary Symbio.The group said the decision was due to ...Reuters
Wed, Jul 16
J&J Reports Q2 Adjusted EPS $2.77 Versus IBES Estimate $2.68
July 16 (Reuters) - Johnson & Johnson JNJ.N:J&J Q2 ADJUSTED EPS $2.77 VERSUS IBES ESTIMATE $2.68J&J Q2 SALES $23.74 BILLION VERSUS IBES ESTIMATE $22.84 BILLIONJ&J Q2 STELARA SALES $1.65 BILLION VERSUS IBES ESTIMATE $1.81 BILLIONJ&J Q2 DARZALEX SALES $3.54 BILLION VERSUS IBES ESTI...Reuters
Wed, Jul 16
JPMorgan Chase & Co's Long Position In Bilibili Increases To 14.77% On July 11 From 13.63% - HKEX
July 16 (Reuters) - HKEX:JPMORGAN CHASE & CO'S LONG POSITION IN BILIBILI 9626.HK INCREASES TO 14.77% ON JULY 11 FROM 13.63%JPMORGAN CHASE & CO'S SHORT POSITION IN BILIBILI 9626.HK INCREASES TO 8.99% ON JULY 11 FROM 7.99%Further company coverage: 9626.HKReuters
Wed, Jul 16
TABLE-EU Commission sells 3-month EU-Bills at average yield of 1.921%
July 16 (Reuters) - The European Commission, on behalf of the European Union, carried out on Wednesday an EU-Bills auction. The results of this auction are as follows: EU-BillsEU-BillsEU-BillsISINEU000A4D85M6EU000A3L7AT2EU000A4EDCQ2Date of auction16/07/202516/07/202516/07/2025Settlement date18/07/...Reuters
Wed, Jul 16
ADVISORY-Alerts incorrectly tagged to Advance Terrafund withdrawn
Alerts on AngloGold Ashanti AU.N acquiring Augusta Gold G.TO were incorrectly tagged to Advance Terrafund ADSITS ATER.BB, an unrelated company, and have been withdrawn.For the correct alert on AngloGold Ashanti buying Augusta Gold, click nFWN3TC1CLStory Number: nTUA3ZC6TN nTUAHRKKQStory Date: July 1...Reuters
Wed, Jul 16
Wall Street’s First Big Voice Takes a Stand — JPMorgan’s Dimon: Fed Independence Is Absolutely Critical
TradingKey - As the standoff between President Trump and Fed Chair Jerome Powell over rate cuts continues, Jamie Dimon, CEO of JPMorgan Chase, has become the first major Wall Street figure to publicly support the independence of the Federal Reserve.
TradingKey
Wed, Jul 16
Biocon eyes generic Wegovy obesity drug launch in India, Canada in next 2 years, CEO says
By Rishika Sadam HYDERABAD, July 16 (Reuters) - Biocon BION.NS aims to launch generic copies of the blockbuster weight-loss drug Wegovy in India and Canada within the next two years, a top executive told Reuters, seeking to tap into a market that is estimated to grow to $150 billion globally by t...Reuters
Wed, Jul 16
Regional lender Commerce Bancshares' Q2 profit beats estimates
OverviewCommerce Bancshares Q2 2025 revenue beats analyst expectations, per LSEG dataAdjusted EPS of $1.14 beats analyst estimates, reflecting disciplined expense management, per LSEG dataCo announces acquisition of FineMark Holdings, expanding market reach and capabilitiesOutlookCommerce plans to a...Reuters
Wed, Jul 16
