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South Africa seeks meeting with US on auto tariffs
JOHANNESBURG, April 1 (Reuters) - South Africa will seek a meeting with U.S. authorities on auto tariffs, Trade Minister Parks Tau said on Tuesday, noting the levies are a concern as the country has preferential trade status with the United States.South Africa, whose exports of vehicles and parts in...Reuters
Tue, Apr 1
Other
EUROPE RESEARCH ROUNDUP- Carlsberg, Pandora, Swedbank
April 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carlsberg, Pandora and Swedbank, on Tuesday. HIGHLIGHTS * Boliden BOL.ST: Morgan Stanley raises target price to SEK 315 from SEK 310* Carlsberg CARLb.CO: JP Morgan raises target ...Reuters
Tue, Apr 1
Other
Mexico president says there are more lists of alleged drug traffickers for US extradition
MEXICO CITY, April 1 (Reuters) - Mexican President Claudia Sheinbaum said on Tuesday that there are more lists of names of alleged drug traffickers for extradition to the United States. Sheinbaum said Mexico is willing to cooperate with the U.S., its largest trading partner.Reuters
Tue, Apr 1
Stocks
Is the U.S. auto sector ready for a policy-induced storm? Bernstein weighs in
Investing.com -- The U.S. auto sector is heading into a potentially severe disruption, with Bernstein warning that upcoming tariffs could move the industry from “earnings pressure to supply chain fragInvesting.com
Tue, Apr 1
Stocks
LIVE MARKETS-From Tesla to tourism: How global boycotts, travel drop could hurt US GDP growth
Nasdaq, S&P 500 dip, Dow off ~0.6%Mar S&P Global mfg PMI final 50.2 vs 49.8 prior Euro STOXX 600 index up ~0.6%Dollar slips; crude, gold gain; bitcoin up ~1.2%US 10-Year Treasury yield falls to ~4.15%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. Y...Reuters
Tue, Apr 1
Stocks
Michael Kors owner Capri's finance head jumps ship to Macy's
By Ananya Mariam Rajesh April 1 (Reuters) - Capri Holdings' CPRI.N finance and operations head, Thomas Edwards, will leave the U.S. luxury holding company to assume similar roles at department store chain Macy's M.N.At Macy's, Edwards, who will join in June, will help strengthen CEO T...Reuters
Tue, Apr 1
Other
New record for Q1 cat bond issuance set as market size passes $50 billion
By Michael LoneyApril 1 - (The Insurer) - Catastrophe bond issuance in the first quarter was by far the biggest Q1 on record, potentially setting the market up for a record year, while sidecar capacity has also grown, reinsurance brokers have said.Aon: Q1 ILS issuance expected to exceed $6.2 billion...Reuters
Tue, Apr 1
Other
Amwins acquires group ancillary benefits specialist Nelligan
By Isha MaratheApril 1 - (The Insurer) - Amwins has acquired New Jersey-based independent general agency Nelligan, which specialises in group ancillary benefits. The financial terms of the deal were not disclosed. The transaction closed on March 25. Amwins said the acquisition will strengthen it gr...Reuters
Tue, Apr 1
Stocks
Cable news channel Newsmax crosses $20 billion valuation amid blistering stock rally
** Conservative cable news channel Newsmax's NMAX.N shares jump as much as 127.5% to $190 in second day of trading** Stock last up 125.1% at $187.98, valuing the company at $24.1 billion ** Nvidia-backed AI infrastructure firm CoreWeave CRWV.O, which went public last week, is trading at $39.4...Reuters
Tue, Apr 1
Other
Canada 10-day cash management bill auction yields average 2.746%
April 1 (Reuters) - CANADA 10-DAY CASH MANAGEMENT BILL AUCTION YIELDS AVERAGE 2.746%Source text: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/cash-management-bills/Reuters
Tue, Apr 1
Stocks
US STOCKS-Wall Street falls as tariff fears mount
Indexes down: Dow 1.03%, S&P 500 0.73%, Nasdaq 0.52%PVH rises after upbeat annual forecastJ&J falls after judge rejects $10 bln baby powder settlementFebruary's ISM manufacturing at 49By Sruthi Shankar and Pranav Kashyap April 1 (Reuters) - U.S. stock indexes dropped on Tuesday, as in...Reuters
Tue, Apr 1
Other
Alibaba prepares for flagship AI model release as soon as April, Bloomberg News reports
April 1 (Reuters) - China's Alibaba Group 9988.HK is planning to release Qwen 3, an upgraded version of its flagship AI model, as soon as this month, Bloomberg News reported on Tuesday, citing a person familiar with the matter.Reuters
Tue, Apr 1
Other
NFP adds WTW’s D'Agostino as P&C SVP
By Mia MacGregorApril 1 - (The Insurer) - Aon-owned NFP has appointed former WTW executive Joseph D'Agostino as senior vice president, property and casualty.Based in New York, D'Agostino reports to Daniel Rodliff, senior vice president, P&C.With nearly two decades of experience managing ...Reuters
Tue, Apr 1
Other
Huntington hires Aon's Weaver as senior managing director of P&C insurance
By Isha MaratheApril 1 - (The Insurer) - Huntington National Bank has hired Kathy Weaver, former managing director and Michigan market leader at Aon, as senior managing director of property and casualty insurance, effective Monday. Weaver has more than 25 years of experience in the industry. Before...Reuters
Tue, Apr 1
Other
US Transportation Department sends new buyout offer to employees
WASHINGTON, April 1 (Reuters) - The U.S. Transportation Department on Tuesday sent thousands of employees a new buyout offer to leave government service in exchange for pay and benefits through Sept. 30.The USDOT offer -- which requires employees to decide by April 7 -- exempts public safety positio...Reuters
Tue, Apr 1
Stocks
CoreWeave rebounds in third day of trading
** Shares of artificial intelligence startup CoreWeave CRWV.O bounce back above IPO price in third day of trading on Weds** CRWV shares rise as much as 10.6% to $41 so far on the session. Stock on Mon hit post-debut low of $36 before ending down 7.3% at $37.08** Nvidia NVDA.O-backed firm's share...Reuters
Tue, Apr 1
Other
U.S. issues fresh Iran-related sanctions, Treasury website says
WASHINGTON, April 1 (Reuters) - The United States issued fresh Iran-related sanctions on Tuesday targeting six entities and two individuals based in Iran, China and the United Arab Emirates, the Treasury Department said on its website.Reuters
Tue, Apr 1
Stocks
Knight-Swift shares off; BofA downgrades due to weather, tariffs
** Shares in Knight-Swift Transportation Holdings KNX.N down 2.2%, hitting lowest level since Feb. 2021; BofA downgraded the stock, cut EPS view for Q1, Q2 citing Q1 weather and late quarter "shipper paralysis given lack of freight flows surrounding tariffs"** BofA analyst Ken Hoexter cut ra...Reuters
Tue, Apr 1
