News
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BP’S Castrol Unit Draws Interest From Reliance, Apollo And Lone Star- Bloomberg News
May 28 (Reuters) - BP’S CASTROL UNIT DRAWS INTEREST FROM RELIANCE, APOLLO AND LONE STAR- BLOOMBERG NEWS: BP’S CASTROL UNIT DRAWS INTEREST FROM RELIANCE, APOLLO AND LONE STAR- BLOOMBERG NEWSSource text: https://tinyurl.com/4xywx6chReuters
Wed, May 28
Stocks
Kestrel Group soars in Nasdaq listing after merger with Maiden Holdings
** Shares of specialty insurance firm Kestrel Group KG.O begin trading on the Nasdaq under ticker symbol "KG" after merger completion with Bermuda-based Maiden Holdings** Shares jump as much as 60%, last up 37.8% at $31.71** In December, the companies had agreed to combine their business in ...Reuters
Wed, May 28
Stocks
Definity's Travelers Canada deal could prompt consolidation as need for scale key, CEO says
By Nivedita Balu TORONTO, May 28 (Reuters) - Canadian property and casualty insurer Definity Financial's DFY.TO $2.4 billion purchase of Travelers Cos' TRV.N Canadian business could spur a wave of consolidation in Canada's insurance sector, its CEO said. The deal announced Tuesday ...Reuters
Wed, May 28
Stocks
Okta Delivers Record Q1 Profitability
Okta (NASDAQ:OKTA) reported its fiscal 2026 first-quarter earnings on May 27, 2025, delivering 12% year-over-year total revenue growth, record profitability, and strong cash flow. Management introduced suite-based pricing, announced accelerating product innovation in both human and nonhuman identity...The Motley Fool
Wed, May 28
Economic Indicator
ECB's Knot: Inflation dynamics may cause considerable challenges
European Central Bank (ECB) Governing Council member and head of the Dutch central bank De Nederlandsche Bank (DNB) noted on Wednesday that the current outlook on European inflation is murky, making it difficult for the ECB to engage in direct moves.
Fxstreet
Wed, May 28
Other
Termination notices for remaining Voice of America employees expected this week, Politico reports
WASHINGTON, May 28 (Reuters) - Termination notices are expected to go out to all remaining Voice of America employees this week, Politico reported on Wednesday, likely marking the end for a media broadcaster founded in 1942 to counter Nazi propaganda. The termination notices would affect the 800 ...Reuters
Wed, May 28
Commodities
Chevron terminates contracts, but will keep staff in Venezuela, sources say
May 28 (Reuters) - Chevron CVX.N has terminated the oil production, service and procurement contracts it had to operate in Venezuela, delegating its joint-venture governance to its partner, state company PDVSA, but it plans to retain its direct staff in the country, four sources close to the decisio...Reuters
Wed, May 28
Other
LVMH has room to raise prices 2-3%, LVMH deupty CEO says
PARIS, May 28 (Reuters) - French luxury group LVMH LVMH.PA has room to raise prices of high-end products by around 2-3% without likely affecting demand from luxury clients, but it would be difficult to lift prices of cognac or beauty products, company executives said on Wednesday."We can increas...Reuters
Wed, May 28
Forex
AUD/USD declines for the third straight day, with focus on Fed Minutes
The Australian Dollar (AUD) is facing a notable decline against the US Dollar (USD) on Wednesday as markets process the latest inflation data from Australia and anticipate the Federal Reserve's (Fed) forthcoming decisions. At the time of writing, AUD/USD trades at 0.6421, down 0.33% in the day.
Fxstreet
Wed, May 28
Other
Netflix co-founder and former CEO Reed Hastings joins Anthropic board
May 28 (Reuters) - Anthropic has appointed Netflix NFLX.O co-founder Reed Hastings to the board of directors, the artificial intelligence startup said on Wednesday.Hastings, 64, is also a board member at Bloomberg. He has previously held director positions at Microsoft MSFT.O and Facebook, and serve...Reuters
Wed, May 28
Other
EXCLUSIVE-NATO to ask Berlin for seven more brigades under new targets, sources say
By Sabine Siebold BERLIN, May 28 (Reuters) - NATO will ask Germany to provide seven more brigades, or some 40,000 troops, for the alliance's defence, three sources told Reuters, under new targets for weapons and troop numbers that its members' defence ministers are set to agree on next we...Reuters
Wed, May 28
Commodities
US-authorized buyers of Venezuelan oil complete transactions as licenses expire
Swap deal completed as part of recent deal with Vitol, M&P Other customers received last cargoes ahead of deadlineU.S.-authorized sales falling, partially offset by deliveries to intermediaries May 28 (Reuters) - Buyers of Venezuelan oil under U.S. licenses and authorizations have completed load...Reuters
Wed, May 28
Commodities
Chevron investors reject stockholder proposals, Exxon faces none
By Sheila Dang HOUSTON, May 28 (Reuters) - Chevron CVX.N shareholders voted against three stockholder proposals during the U.S. oil producer's annual meeting on Wednesday, including one calling for a report on the company's human rights practices, while larger rival Exxon Mobil XOM.N face...Reuters
Wed, May 28
Stocks
LIVE MARKETS-Turning a corner or time to trim small caps?
Main US indexes slightly redUtilities weakest S&P 500 sector; Comm Svcs, Tech edge upDollar rallies; crude up ~2%; gold slips; bitcoin down ~2%US 10-Year Treasury yield rises to ~4.49%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your th...Reuters
Wed, May 28
Other
US senator calls for AI competition in Pentagon contracting
By Marisa Taylor and Alexandra Ulmer May 28 (Reuters) - Democratic Senator Elizabeth Warren urged the U.S. Department of Defense to ensure competitive AI contracting, according to a letter seen by Reuters on Wednesday, as tech billionaire Elon Musk's artificial intelligence chatbot Grok gains...Reuters
Wed, May 28
