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UK investor Legal & General to buy more defence stocks
By Iain Withers and Naomi Rovnick LONDON, March 13 (Reuters) - Britain's biggest asset manager Legal & General LGEN.L will buy more defence stocks and supports the prospective launch of EU-wide defence bonds, its chief investment officer said on Thursday, as geopolitical tensions drive ca...Reuters
Thu, Mar 13
Other
AM Best US P&C downgrades drop 22% in 2024 to 43
By Michael LoneyMarch 13 - (The Insurer) - AM Best’s issuer credit rating downgrades on U.S. property casualty insurers fell to 43 in 2024, compared with 55 in the previous year.The rating agency highlighted that this was despite challenging conditions in the personal lines segment, according to a n...Reuters
Thu, Mar 13
Commodities
LME tin jumps after Alphamin temporarily ceases operations at Bisie mine in Congo
LONDON, March 13 (Reuters) - Tin prices jumped to eight-month highs on Thursday after Alphamin Resources said it would temporarily cease operations at its Bisie tin mine in the Democratic Republic of the Congo due to unrest in North Kivu Province.Prices of the soldering metal on the London Metal Exc...Reuters
Thu, Mar 13
Commodities
Colombia's ISA sees investment of up to $33 bln through 2040, says CEO
BOGOTA, March 13 (Reuters) - Colombian conglomerate ISA expects to invest between $28.4 billion and $33.1 billion through 2040, the company's chief executive said on Thursday. The projected investment will mostly go to power transmission projects, or some 67% of the total, while around a quarter...Reuters
Thu, Mar 13
Stocks
Gold miners rise as bullion hovers near record highs
** Shares of gold miners rise, tracking prices of bullion GOL/** Spot gold XAU= rises 0.7% to $2,952.15/ounce, close to record high of $2,956.15 hit on February 24** Prices up due to demand for safe-haven assets amid uncertainty around tariffs and a U.S. inflation report that reinforced expectations...Reuters
Thu, Mar 13
Commodities
CERAWEEK-Natural gas key to meeting rising US power demand, FERC chairman says
HOUSTON, March 13 (Reuters) - U.S. Federal Energy Regulatory Commission Chairman Mark Christie said on Thursday that natural gas-fired power will be crucial to meet rising U.S. electricity demand - a situation that requires a big increase in gas pipeline capacity as well as new power plants.Reuters
Thu, Mar 13
Other
Compre names former TIH CEO Howard independent non-executive chairman
By Michael JonesMarch 13 - (The Insurer) - Legacy specialist Compre Group has appointed former Truist Insurance Holdings CEO John Howard as its independent non-executive chairman.Howard has more than three decades of diversified insurance and senior executive leadership experience.Most recently he w...Reuters
Thu, Mar 13
Other
FACTBOX-How hard have US agencies been hit by Trump and Musk's layoffs?
March 13 (Reuters) - U.S. President Donald Trump and billionaire Elon Musk are undertaking a sweeping campaign to slash the size of the 2.3 million-strong civilian federal workforce, firing or offering buyouts so far to more than 100,000 employees.The layoffs to date have primarily been aimed at wor...Reuters
Thu, Mar 13
Stocks
IonQ falls after Kerrisdale takes short position
** Shares of quantum computing firm IonQ IONQ.N fall ~3% to $21.17** Kerrisdale Capital says it has taken short position in IonQ** Massive scaling challenges and reliance on photonic interconnects means co is nowhere close to producing commercially viable product, Kerrisdale says** "As reality s...Reuters
Thu, Mar 13
Other
European Investment Bank expects to double or triple defence spending in 2025
By Karol Badohal WARSAW, March 13 (Reuters) - The European Investment Bank expects to at least double or triple the funding it provides for defence projects in 2025, its vice president said on Thursday, as the EU races to boost security spending by at least 800 billion euros over four years. U.S....Reuters
Thu, Mar 13
Commodities
Alphamin temporarily halts tin mining in Congo's east as rebels advance
JOHANNESBURG, March 13 (Reuters) - Alphamin Resources AFM.V said Thursday its temporarily halting its tin mine in Democratic Republic of Congo's volatile eastern region as rebels advance toward the operations.The miner said activities at Bisie tin mine in Congo's North Kivu had been halted &...Reuters
Thu, Mar 13
Economic Indicator
TREASURIES-Yields rise as trade war escalates, raising inflation fears
Fears of inflation send yields higher as tariffs implementedProducer prices unexpectedly unchanged in FebruaryTreasury to sell $22 bln in 30-year bonds By Karen Brettell March 13 (Reuters) - U.S. Treasury yields rose on Thursday on concerns about the potential for higher inflation as a war over t...Reuters
Thu, Mar 13
Other
South Africa's SPAR plans chain of up to 40 high-end grocery stores
By Siyanda Mthethwa and Nqobile Dludla JOHANNESBURG, March 13 (Reuters) - South Africa's SPAR Group SPPJ.J is planning a chain of about 30 to 40 high-end grocery stores, with the first set to open in the fourth quarter of this year, an executive said on Thursday, as the retailer targets afflu...Reuters
Thu, Mar 13
