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Westfield Specialty adds Arch duo to offshore energy team
By Navneeta NandanMay 12 - (The Insurer) - Westfield Specialty International has named Michael Poulteney as class underwriter and Manraj Kaila as senior underwriter for its offshore energy team.Both will be based in London with Poulteney reporting to Jon Hamilton, head of marine and energy.Both Poul...Reuters
Mon, May 12
Stocks
LIVE MARKETS-Stay bullish! US equities likely to outperform Europe
STOXX 600 up 1.2%US-China reach deal to slash tariffsMiners, luxury lead gainersS&P futures surge 2.8%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comSTAY BULLISH! US EQUITIES LIK...Reuters
Mon, May 12
Other
Maersk says US-China deal is a step in the right direction
COPENHAGEN, May 12 (Reuters) - Danish shipping group MAERSKb.CO Maersk said on Monday that the agreement between China and the United States to introduce a 90-day pause on tariffs and reciprocal duties was a step in the right direction. Shares in Maersk traded 12.9% higher at 0948 GMT.Reuters
Mon, May 12
Other
Brazil's BTG Pactual reports 16.6% jump in first-quarter net income
May 12 (Reuters) - Brazilian bank BTG Pactual BPAC3.SA increased its first-quarter adjusted net income by 16.6% year on year to 3.37 billion reais ($596.5 million), sustained by its loan portfolio and a reduction in its expenses, it reported on Monday. "Our credit portfolio maintained its solid...Reuters
Mon, May 12
Stocks
3 Little-Known Social Security Rules All Married Retirees Should Know
Social Security is the cornerstone of many retirees' budgets. Indeed, 60% of retirees said their monthly checks are a major source of income for their household, and another 28% said it's a smaller source, according to the most recent iteration of an annual Gallup poll.Retirees looking to make the m...The Motley Fool
Mon, May 12
Economic Indicator
Gold bleeds after US-China agree to major tariff reductions, easing fears of protracted trade war
Gold (XAU/USD) sinks more than 2.5% at the start of the European trading session and heads towards $3,233 at the time of writing as the talks between the US and China have brought some low-hanging fruit for the equity markets.
Fxstreet
Mon, May 12
Other
Turkey will take needed steps after PKK decision, Erdogan's office says
ANKARA, May 12 (Reuters) - Turkey will take necessary measures to ensure smooth progress toward a "terror-free" country, after the Kurdistan Workers Party (PKK) announced it is dissolving, the presidency's communications director said on Monday.In a post on X, Fahrettin Altun, the direct...Reuters
Mon, May 12
Stocks
Farm and construction equipment makers rise on US-China trade deal
** Shares of U.S.-based construction and farm equipment makers rise premarket** Caterpillar CAT.N rises 4.1%, Deere DE.N up 2.2% and CNH Industrial CNH.N up 2.5 %** U.S. and China reach deal to slash reciprocal tariffs - which was affecting prices of industrial metals and other raw materials, cruci...Reuters
Mon, May 12
Stocks
U.S. drugmakers fall on Trump plan to cut drug prices
** Shares of U.S. drugmakers fall between 2% and 3% premarket after President Donald Trump pledged to slash prescription prices by about 30%–80%, which aligns with price levels paid by other wealthy nations** President Trump said he would sign an executive order on Monday morning to pursue "most...Reuters
Mon, May 12
Cryptocurrencies
XRP Price Outperforms Bitcoin, Ethereum As ‘Strange Signal’ Emerges, Why The Target Is $4
The XRP price, while still being well below its all-time high price, is doing incredibly well after the market rebound. The altcoin has been able to outperform the likes of Bitcoin and by a large margin, showing its strength in the market recently. This comes as crypto analysts in the community have...Bitcoinist
Mon, May 12
Stocks
3 Things Alphabet's Management Just Said That Should Make Tesla and Nvidia Investors Happy
Sometimes, valuable information regarding a company's prospects can be garnered from its peers and clients. That's the case with what tech giant and Google-owner Alphabet's (NASDAQ: GOOG) management recently said on its earnings call. Here's a look at three discussion points from the earnings call t...The Motley Fool
Mon, May 12
Stocks
China ADRs rise after US, China agree to temporary tariff cuts
** U.S.-listed shares of Chinese companies rise premarket after U.S. and China agree to temporarily slash tariffs ** The world's two biggest economies said there would be a 90-day pause on measures and tariffs would come down to a 10% baseline rate ** E-commerce firm Alibaba Group Holding BABA.N...Reuters
Mon, May 12
Stocks
Stocks surge, dollar rallies as US and China pledge to slash tariffs
LONDON, May 12 (Reuters) - Wall Street stock futures surged, the dollar rallied and gold prices slumped on Monday as U.S. and Chinese officials pledged to slash reciprocal tariffs in a move that swept trade war fears out of global markets, at least for now.
Reuters
Mon, May 12
Stocks
1 Growth Stock Down 20% to Buy Right Now
Although the market has bounced back since early April, there is still significant uncertainty regarding the state of tariffs and the economy. Amidst the turmoil, investors will find that some of the most dominant businesses are taking a hit. It's time to take a closer look at potential opportunitie...The Motley Fool
Mon, May 12
Cryptocurrencies
Cryptocurrencies Did Not Rally After the U.S.-China Trade Deal. Is the Tariff Agreement Bullish or Bearish?
TradingKey – Following the conclusion of U.S.-China tariff negotiations, both countries jointly announced on May 12 a temporary 90-day reduction in tariffs, with cuts far exceeding market expectations. While risk assets such as U.S. equity futures and oil prices surged in response, Bitcoin (BTC)...
Other
Eli Lilly's Zepbound outperforms Novo Nordisk's Wegovy for weight loss in trial
May 12 (Reuters) - Eli Lilly LLY.N said on Sunday its drug Zepbound was superior to Novo Nordisk's NOVOb.CO Wegovy across five weight-loss targets such as reducing waist circumference, citing data from a head-to-head trial.
Reuters
Mon, May 12
Stocks
US retailers rise after US, China agree to ease some tariffs, 90-day pause
** Shares of retailers surge in premarket trading after U.S. and China agree to ease some tariffs** U.S. Treasury Secretary Scott Bessent, after talks with Chinese officials in Geneva, told reporters that Washington and Beijing reached a deal for a 90-day pause on measures that reciprocal tariffs wo...Reuters
Mon, May 12
