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UK cyberattacks may prompt double-digit rate increases for retail sector: Tigleanu
By Rebecca DelaneyMay 12 - (The Insurer) - Recent cyberattacks on UK retailers may lead to rate increases for the sector at the July renewals, with the incidents highlighting the need for companies to expand cyber exposure analysis to operational risks, said BMS' Monica Tigleanu.Marks and Spence...Reuters
Mon, May 12
Stocks
European pharma stocks down after Trump moves to cut prices; Novo slumps 7%
** Shares in major European drugmakers slip on Monday after U.S. President Donald Trump said he would sign an executive order on reducing prescription drug and pharmaceutical prices** A basket of European healthcare stocks .SXDP falls 3.2%, the most on the STOXX 600 .STOXX index, which is up 1%** Sh...Reuters
Mon, May 12
Forex
EUR/GBP edges lower below 0.8450 on dovish ECB tone
The EUR/GBP cross extends the decline to around 0.8435 during the early European session on Monday. The Pound Sterling (GBP) strengthens against the Euro (EUR) due to positive developments surrounding the United States (US) and the United Kingdom (UK) trade agreement last week.
Fxstreet
Mon, May 12
Forex
U.S.-China Tariff Talks Bring Positive News, Could Chinese Yuan Return to the "6" Level?
TradingKey - Following two days of high-level talks over the weekend, U.S.-China trade negotiations have achieved "substantial progress," easing global trade tensions sparked by the tariff war under the Trump 2.0 administration. Goldman Sachs forecasts that the Chinese yuan could appreciate...
TradingKey
Mon, May 12
Forex
Swiss National Bank Says It Adheres To The Principles Of The FX Global Code
May 12 (Reuters) - SWISS NATIONAL BANK SAYS IT ATTESTS THAT ITS INTERNAL PROCESSES ARE CONSISTENT WITH THE PRINCIPLES OF THEFX GLOBAL CODESWISS NATIONAL BANK SAYS IT ALSO EXPECTS ITS REGULAR COUNTERPARTIES TO COMPLY WITH THE AGREED RULES OF CONDUCTSource text: [ID:]Further company coverage: [ ]Reuters
Mon, May 12
Other
PKK decision to dissolve important step, ruling party spokesman says
ISTANBUL, May 12 (Reuters) - A spokesperson for President Tayyip Erdogan's AK Party said on Monday that the decision by the Kurdistan Workers Party (PKK) to dissolve was an important step towards a "terror-free Turkey".In a social media post, Celik said the disbanding process would be me...Reuters
Mon, May 12
Economic Indicator
Breaking News: US to lower tariffs on China from 145% to a base 10%, 20% fentanyl levy for 90 days
The highly anticipated joint US-China statement on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland, is out, stating that “the US will modify application of rate of duty on articles of China by suspending 24 percentage points of that rate for initial peFxstreet
Mon, May 12
Other
Telefonica hires Citi to sell Chilean business, El Confidencial reports
MADRID, May 12 (Reuters) - Spanish telecoms company Telefonica TEF.MC has hired Citi as an adviser to sell its Chilean business, news website El Confidencial reported on Monday, citing unidentified market sources.Telefonica would book a capital loss on the sale, the news website added.Telefonica has...Reuters
Mon, May 12
Stocks
Warren Buffett's Cash Pile at Berkshire Hathaway Just Hit a Record $348 Billion -- and That's Terrible News for Wall Street
Though important data releases aren't hard to come by on Wall Street, there's arguably not an event that captivates the attention of professional and everyday investors quite like Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) annual shareholder meeting.In the mid-1970s, Berkshire held its annual m...The Motley Fool
Mon, May 12
Cryptocurrencies
Dogecoin Price Gearing Up For Major Explosive Rally – Why $1 Is Still In The Cards
The Dogecoin price has seen a major rebound recently, which has brought it above the $0.23 resistance over the weekend. This upward move looks to have been sustained as buyers have regained power over the market in the last week. Despite the already notable rally that the meme coin has enjoyed recen...NewsBTC
Mon, May 12
Other
Global perceptions of US fall below China, survey says
COPENHAGEN, May 12 (Reuters) - Global perceptions of the United States have deteriorated across the world over the past year and are now worse than views of China, according to an annual study of perceptions of democracy published on Monday.The survey did not go into details on the criteria used, bu...Reuters
Mon, May 12
Other
Aon extends international chair Clavarino’s contract to 2029
By Ryan HewlettMay 12 - (The Insurer) - Aon has extended the contract of Carlo Clavarino, executive chairman for its international business, through to 2029.Clavarino first took on the role in 2021, at which time he also joined the firm’s operating executive committee.Previously, Clavarino served as...Reuters
Mon, May 12
Other
UK insurers should welcome US trade deal: PwC
By Rebecca DelaneyMay 12 - (The Insurer) - The bilateral trade agreement between the UK and the U.S. should be "welcomed" by UK insurers due to the reduced secondary impacts on supply chains and claims costs, said PwC UK's Alex Bertolotti.On Thursday, President Donald Trump and Prime Min...Reuters
Mon, May 12
Stocks
UK Stocks-Factors to watch on May 12
May 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Monday, with futures FFIc1 up 0.28%. * ALPHAWAVE: Alphawave IP Group AWE.L said the UK takeover panel had extended the deadline for a takeover offer by Qualcomm QCOM.O to May 27. * IG GROUP: IG Gr...Reuters
Mon, May 12
Other
Bund yields hit fresh one-month high as trade talks ease economic concerns
May 12 (Reuters) - Euro area benchmark Bund yields hit a fresh one-month high and markets cut bets on European Central Bank interest rate cuts on Monday as less severe trade and geopolitical tensions eased concerns about economic growth.Reuters
Mon, May 12
Stocks
LIVE MARKETS-Before the bell: European futures rally, pharma down
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.comBEFORE THE BELL: EUROPEAN FUTURES RALLY, PHARMA DOWNEuropean shares were set for a strong start on Monday, boosted by signs of progress...Reuters
Mon, May 12
