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EXCLUSIVE-Trump tariff threats prompt some drugmakers to expedite shipments to US
Three drugmakers say they are sending medicines to U.S. ahead of tariffsDHL says it has seen an uptick in pharmaceutical exports by air from EuropeIrish pharmaceutical exports spiked in January according to data from the country's central bank By Michael Erman, Maggie Fick and Lisa Baertlein ...Reuters
Thu, Mar 27
Other
Philip Morris' heated tobacco device IQOS goes on sale in Texas
LONDON, March 27 (Reuters) - Philip Morris International PM.N officially launched IQOS in Austin, Texas, on Thursday, kicking off efforts by the world's largest cigarette maker to build a market for its flagship heated tobacco device in the United States. PMI hopes to capture a 10% share of U.S....Reuters
Thu, Mar 27
Stocks
LIVE MARKETS-Prelude to PCE: GDP, jobless claims, pending home sales, et al
Main US indexes turn modestly greenCons disc up most among S&P 500 sectors; tech biggest laggardEuro STOXX 600 index down ~0.5%Dollar, bitcoin, crude decline; gold surges >1%U.S. 10-Year Treasury yield rises to ~4.38%Welcome to the home for real-time coverage of markets brought to you by Reut...Reuters
Thu, Mar 27
Other
UK's Starmer says Russia 'filibustering' progress on Ukraine deal
LONDON, March 27 (Reuters) - Russia is stalling progress towards a peace deal in Ukraine, British Prime Minister Keir Starmer said on Thursday after a meeting with Western allies in Paris, adding that now was not the right time to lift sanctions against Moscow. Starmer met Ukrainian President Volod...Reuters
Thu, Mar 27
Other
Ontario expects U.S. to lessen impact of auto tariffs on Canada, Globe and Mail reports
March 27 (Reuters) - Ontario expects the U.S. administration to significantly ease the impact of auto tariffs on Canada, following a phone call from U.S. Commerce Secretary Howard Lutnick to Premier Doug Ford, the Globe and Mail reported on Thursday.Lutnick called Ford on Wednesday evening, the repo...Reuters
Thu, Mar 27
Stocks
Car rental firms Avis Budget, Hertz shares surge
** Shares of some car rental firms surge in morning trading ** Avis Budget Group CAR.O and Hertz Global Holdings HTZ.O both up 24% ** U.S. President Donald Trump's plan of 25% tariffs on imported cars and light trucks raised prospects of consumers opting for car rentals instead of buying expensi...Reuters
Thu, Mar 27
Other
RBC Executive Identifies Transaction Banking In US As "Large And Attractive" Growth Market - Investor Day
March 27 (Reuters) - Royal Bank of Canada RY.TO:RBC EXEC TARGETS GLOBAL MARKETS MARKET SHARE OF MORE THAN 2.5% OVER THE MEDIUM-TERM VERSUS. 2.1% IN 2024RBC EXEC TARGETS GLOBAL INVESTMENT BANKING MARKET SHARE OR 2.75%+ OVER THE MEDIUM-TERM VERSUS. 2.3% IN 2024RBC EXEC IDENTIFIES TRANSACTION BANKING I...Reuters
Thu, Mar 27
Other
RBC CEO Says Bank Is Facing Heightened Regulatory Scrutiny In All Markets - Investor Day
March 27 (Reuters) - Royal Bank of Canada RY.TO:RBC CEO SAYS BANK IS FACING HEIGHTENED REGULATORY SCRUTINY IN ALL MARKETS IT OPERATES IN - INVESTOR DAYRBC CEO SAYS INDUSTRY IS FACING MORE COMPLEX ENVIRONMENTRBC CEO SAYS COMMERCIAL CLIENT SENTIMENT HAS WEAKENED DUE TO TARIFF UNCERTAINTYRBC CEO SAYS C...Reuters
Thu, Mar 27
Stocks
FACTBOX-What's in Trump's new 25% tariffs on US auto imports?
March 27 (Reuters) - President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week.Trump will impose a 25% tariff - on top of previous duties - on imports of finished vehicl...Reuters
Thu, Mar 27
Cryptocurrencies
SBF moved from NYC jail to Oklahoma prison to start serving 25-year sentence
Sam Bankman-Fried, the former FTX boss convicted of fraud, has been moved out of a federal jail in New York City and is now sitting in a federal transfer facility in Oklahoma City. The Federal Bureau of Prisons updated his status early Thursday. He had been held at the Metropolitan Detention Center in Brooklyn since […]Cryptopolitan
Thu, Mar 27
Commodities
Ukraine says neither side has attacked energy infrastructure since March 25
KYIV, March 27 (Reuters) - Ukraine and Russia have not hit each other's energy infrastructure since March 25, Ukraine's foreign ministry spokesman said on Thursday.The United States announced separate agreements with Ukraine and Russia on Tuesday to pause their strikes in the Black Sea and a...Reuters
Thu, Mar 27
Stocks
Jefferies plunges on profit miss, drags down rival investment banks
** Shares of investment bank Jefferies JEF.N fall ~9% to $54.99, with the sell-off spilling into the broader investment banking sector** Co's Q1 profit missed Wall Street estimates after market on Wednesday as bond trading weakened and deals were stalled due to uncertainty sparked by shifting U....Reuters
Thu, Mar 27
Other
Iveco will consider any offers for defence unit but spin-off primary path, top investor says
March 27 (Reuters) - Exor top executives tell analysts in a post-earnings call:CEO JOHN ELKANN: OUR DISCOUNT ON NAV IS OPPORTUNITY TO INVEST IN OURSELVES, WHICH IS WHAT WE ARE DOING THROUGH SHARE BUYBACKCOO (AND IVECO CHAIRMAN) SUZANNE HEYWOOD: IVECO WILL CONSIDER ANY OFFERS FOR DEFENCE UNIT THAT CO...Reuters
Thu, Mar 27
Cryptocurrencies
DeFi Lending Protocol Partners With Credora Network To Bring Risk Ratings To The Ecosystem
The Credora Network announced its collaboration with Morpho, an Ethereum-built decentralized lending protocol, to bring third-party risk ratings to the Decentralized Finance (DeFi) landscape. Related Reading: Taiwan Outlines Crypto Regulations: Seeks Public Feedback On ‘Virtual Asset Service Act’ Dr...Bitcoinist
Thu, Mar 27
Stocks
Gold miners gain as bullion prices edge up on Trump tariff tensions
** Shares of gold miners up, tracking a rise in prices of the bullion GOL/** Spot gold XAU= up ~1% at $3,054.55/ounce, after hitting an all-time high of $3057.78/ounce ** Gold prices rose as investors sought the safe-haven asset in response to escalating global trade tensions and tumbling...Reuters
Thu, Mar 27
Other
Secret Service, Navy testing of counter-drone technology led to faulty cockpit alerts, officials say
WASHINGTON, March 27 (Reuters) - The U.S. Secret Service and Navy testing of counter-drone technology near Reagan Washington National Airport earlier this month led to numerous flight crews receiving faulty alerts of potentially nearby aircraft on arrival, the Federal Aviation Administration and a s...Reuters
Thu, Mar 27
Other
CEA’s $7.72 billion risk transfer down 15% since end of 2023
By Michael LoneyMarch 27 - (The Insurer) - The California Earthquake Authority has decreased its risk transfer program by 15% since the end of 2023, despite a slight increase in limit in February this year from its latest catastrophe bond placement.The CEA’s risk transfer program totalled $7.72 bill...Reuters
Thu, Mar 27
