News
Important Only
Other
UK's FCA prioritises predictability in insurance regulatory strategy: Biba panel
FCA aims to strip outdated rules to lower costs and improve accessSicsic notes flexibility may challenge smaller firms under principle-based approachFCA's principle-based approach shifts risk balance to marketBy Michael JonesMay 15 - (The Insurer) - UK regulator Financial Conduct Authority's...Reuters
Thu, May 15
Commodities
U.S. finance CEOs challenged for leaving climate pacts by Democratic lawmakers
BlackRock, JPMorgan CEOs among those to get letterAsks for confirmation of no weakening of climate targetsAlso seeks communications with Trump administrationBy Simon Jessop, Nupur Anand and Saeed Azhar NEW YORK/LONDON, May 15 (Reuters) - Democratic lawmakers harshly criticized the chief executive...Reuters
Thu, May 15
Commodities
Canadian oil and gas producer Strathcona sells Montney assets for C$2.84 billion; acquires Hardisty terminal
May 14 (Reuters) - Strathcona Resources SCR.TO has sold all of its Montney assets for about C$2.84 billion ($2.03 billion) and acquired Hardisty Rail Terminal as part of its "core area consolidation" strategy, the Canadian oil and gas producer said on Wednesday.Previously owned by USD Partne...Reuters
Thu, May 15
Commodities
CORRECTED-New Canadian agriculture minister to tackle China, US trade issues
By Ed White WINNIPEG, Manitoba, May 15 (Reuters) - Canada's new agriculture minister, Heath MacDonald, said in an interview on Thursday that tackling trade issues with China and the United States are his most pressing priorities.The two-front trade war with the world's largest economies h...Reuters
Thu, May 15
Commodities
Retailers rush to save US summer shopping season
Tariff cut prompts rush to secure China-made goodsRetailers face potential supply chain bottlenecksFreight costs expected to rise amid increased demandWalmart, Birkenstock to raise prices for consumers in coming monthsBy Casey Hall and Siddharth Cavale NEW YORK, May 15 (Reuters) - U.S. retailers ...Reuters
Thu, May 15
Other
CORRECTED-Oil producer Strathcona sells Montney assets for around C$2.84 billion
May 14 (Reuters) - Strathcona Resources SCR.TO has sold all of its Montney assets for approximately C$2.84 billion ($2.03 billion), the Canadian oil producer said in a statement on Wednesday. ($1 = 1.3967 Canadian dollars)Reuters
Thu, May 15
Other
Brazil's J&F becomes the sole shareholder of Eldorado Brasil, says J&F CEO
SAO PAULO, May 15 (Reuters) - Brazil's J&F Investimentos on Thursday said it paid 15 billion reais ($2.64 billion) to Canadian producer Paper Excellence to acquire the shares it did not own in Eldorado Brasil Celulose, becoming the sole owner of the pulp and paper company.The investment will...Reuters
Thu, May 15
Other
Newlimit Says It Has Raised $129.8 Mln In Equity Financing From Total Offering Amount Of $130 Mln
May 15 (Reuters) - NEWLIMIT INC.: NEWLIMIT, INC.: SAYS IT HAS RAISED $129.8 MILLION IN EQUITY FINANCING FROM TOTAL OFFERING AMOUNT OF $130 MILLION - SEC FILINGSource text: [ID:n0001977037-25-000002]Reuters
Thu, May 15
Other
Tiger Global Management Dissolves Share Stake In Arm Holdings, Raises In Nvidia, Nu Holdings
May 15 (Reuters) - Tiger Global Management:TIGER GLOBAL MANAGEMENT DISSOLVES SHARE STAKE IN ARM HOLDINGS - SEC FILINGTIGER GLOBAL MANAGEMENT RAISES SHARE STAKE IN NVIDIA BY 13.3% TO 11 MILLION SHARESTIGER GLOBAL MANAGEMENT RAISES SHARE STAKE IN NU HOLDINGS BY 24.3% TO 11 MILLION CLASS A ORDINARY SHA...Reuters
Thu, May 15
Other
Tiger Global Management Dissolves Share Stake In Qualcomm & Raises Share Stake In Microsoft, Reddit, TSMC
May 15 (Reuters) - TIGER GLOBAL MANAGEMENT:TIGER GLOBAL MANAGEMENT DISSOLVES SHARE STAKE IN QUALCOMMTIGER GLOBAL MANAGEMENT RAISES SHARE STAKE IN MICROSOFT BY 16.8% TO 6.2 MILLION SHARESTIGER GLOBAL MANAGEMENT RAISES SHARE STAKE IN BROADCOM BY 23.1% TO 2.3 MILLION SHARESTIGER GLOBAL MANAGEMENT CUTS ...Reuters
Thu, May 15
Stocks
Gold miners gain as bullion prices edge up on weak US dollar
** Shares of gold miners rise, tracking gains in bullion prices GOL/** Spot gold XAU= up 1.2% at $3,224.55/ounce after hitting a more than one-month low earlier in the session** Gold prices rose aided by a softer U.S. dollar and weak U.S. economic data, while Russian President Vladimir Putin's f...Reuters
Thu, May 15
Other
COLUMN-Trump nixed a key civil rights enforcement tool. This FTC case shows what that looks like.
By Jenna Greene May 15 (Reuters) - Wondering what civil rights enforcement — or lack thereof — might look like for the next four years? The U.S. Federal Trade Commission offers a glimpse. In a little-noticed court filing, the agency last week moved to amend its administrative complaint against a ...Reuters
Thu, May 15
Commodities
Trump administration to audit billions in energy grants awarded under Biden
By Timothy Gardner WASHINGTON, May 15 (Reuters) - The Trump administration said on Thursday it will audit some $15 billion in grants to power grid and manufacturing supply chain projects awarded during the Biden administration. President Donald Trump has championed domestic production of oil, nat...Reuters
Thu, May 15
Stocks
Walmart shoppers to face price hikes as Trump tariffs hit
CFO says price hikes will start in end MayQ1 U.S. comparable sales rise 4.5% vs estimates of 3.94% Walmart maintains annual profit forecast of $2.50 to $2.60White House says economic indicators are positive, tariffs will improve cost of living Shares flat at noon recouping losses of early tradingBy ...Reuters
Thu, May 15
Economic Indicator
Fed's Barr: The US economy is on solid footing, though trade policies cloud the outlook
Federal Reserve (Fed) Board of Governors member Michael Barr spoke at the New York Fed's Small Business Credit Symposium on Thursday, noting that although the United States (US) economy is maintaining a solid stance according to the data, dark clouds caused by the Trump adminsitration's lopsided traFxstreet
Thu, May 15
Other
Mexico brings suit against media company over MrBeast pyramids video
By Rafael EscaleraMontotoMay 15 (Reuters) - Mexican authorities have filed a lawsuit against a firm they say worked with popular YouTube creator MrBeast after he produced a video at the nation's ancient pyramids, including Chichen Itza, that violated the terms of government permissions.Mexico...Reuters
Thu, May 15
Other
US Senate Republicans reject bid to probe human rights in El Salvador
WASHINGTON, May 15 (Reuters) - U.S. Senate Republicans on Thursday defeated a Democratic resolution calling for a review of human rights in El Salvador, focusing on conditions at a maximum-security prison where people deported from the United States are being held.The Senate voted 50-45 against the ...Reuters
Thu, May 15
Commodities
PRECIOUS-Gold prices rise over 1% on softer dollar and weak economic data
Putin's no-show in Turkey throws Ukraine talks into disarrayUS dollar down 0.1% US producer prices unexpectedly fall in AprilJohnson Matthey says palladium market expected to move to balance from deficitBy Sarah Qureshi May 15 (Reuters) - Gold prices rose more than 1% on Thursday, aided by a ...Reuters
Thu, May 15
Other
US top diplomat Rubio meets Syrian counterpart; discuss Israel, human rights
ANTALYA, Turkey, May 15 (Reuters) - U.S. Secretary of State Marco Rubio met with Syria's Foreign Minister Asaad Hassan al-Shaibani in Turkey on Thursday, the State Department said in a statement. "(Rubio) welcomed the Syrian government’s calls for peace with Israel, efforts to end Iran’s inf...Reuters
Thu, May 15
