News
Important Only
Other
Trump taps US oil advocate to lead public land bureau
By Valerie VolcoviciWASHINGTON, Feb 12 (Reuters) - The Trump administration has named Kathleen Sgamma, a vocal oil and gas advocate for Western states, to head up the Interior Department's Bureau of Land Management, which manages the use of the country's nearly 250 million acres of public la...Reuters
Wed, Feb 12
Stocks
Why Zillow Stock Crashed an Unlucky 13% Today
Zillow Group (NASDAQ: Z) (NASDAQ: ZG) stock tumbled 13.1% through 10:20 a.m. ET Wednesday, despite beating Wall Street sales forecasts in its earnings release last night.Heading into the quarter, analysts forecast Zillow would collect $546.7 million in sales for its fourth quarter of 2024. In fact, ...The Motley Fool
Wed, Feb 12
Stocks
BUZZ-Xilio soars after tie-up with AbbVie to develop cancer treatments
Updates** Shares of drug developer Xilio Therapeutics XLO.O more than double to $1.49, set for record single-day pct gain** AbbVie ABBV.N and XLO enter into collaboration and option agreement to develop cancer immunotherapies** Under terms of the deal, XLO to receive $52 million in an upfront paymen...Reuters
Wed, Feb 12
Other
France, Senegal say in talks to arrange departure of French troops
PARIS, Feb 12 (Reuters) - Senegal and France will set up a joint commission to organize the departure of French troops from Senegal and the restitution of French military bases by the end of 2025, the foreign ministers of both countries said in a joint statement on Wednesday."The two countries i...Reuters
Wed, Feb 12
Commodities
China hawk picked for key US Commerce Dept job
Adds other nominationsBy Karen FreifeldFeb 12 (Reuters) - President Donald Trump nominated Landon Heid, who served on the staff of the House of Representatives' Select Committee on China, for a key post in the U.S.-China tech battle. Heid, a China hawk who helped set technology policy for the co...Reuters
Wed, Feb 12
Stocks
BUZZ-Neuphoria Therapeutics rises on $15 mln milestone payment from Merck
** Massachusetts-based drug developer Neuphoria Therapeutics NEUP.O rises 3.31% to $4.65 in morning trade ** Co, which develops treatments for brain and mental health disorders, says it is due to receive $15 million milestone payment from Merck MRK.N ** The payment is triggered by the start of a mid...Reuters
Wed, Feb 12
Forex
FOREX-Dollar jumps as consumer prices rise more than expected
Consumer prices rise more than economists expectedFed seen cutting rates only one time this yearUS President Trump vows to impose tariffsUpdated in New York morning timeBy Karen Brettell NEW YORK, Feb 12 (Reuters) - The U.S. dollar jumped on Wednesday after data showed that consumer prices rose m...Reuters
Wed, Feb 12
Commodities
Global marine fuel sales jump in 2024 on Red Sea diversions
By Enes Tunagur LONDON, Feb 12 (Reuters) - Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping companies to divert vessels around southern Africa rather than through the Red Sea, according to data and analysts.Singapore bunker ...Reuters
Wed, Feb 12
Other
Russia is able to fight on in Ukraine for another year but is short on tanks, say military experts
Ukraine has a military manpower problem, says report Russia has a tank and armoured vehicle problem, it saysRussia lost 1,400 main battle tanks in 2024 Moscow seen able to fight for at least another year Recasts after release of report and news conferenceBy Andrew Osborn and Greg Torode LONDON ...Reuters
Wed, Feb 12
Other
AIG’s Zaffino: California wildfires could drive 2025 industry cat losses past $200bn
By David BullFeb 12 - (The Insurer) - Based on the current $50bn top-end estimate for industry losses from the California wildfires, AIG chairman and CEO Peter Zaffino has said that 2025 has the potential for insured catastrophe losses to exceed $200bn, which could “recalibrate the entire industry”....Reuters
Wed, Feb 12
Commodities
US will suffer job losses through tariffs on Canadian steel and aluminium tariffs, says Trudeau
OTTAWA, Feb 12 (Reuters) - If the United States goes ahead with a threat to slap tariffs on imports of Canadian steel and aluminium, some Americans will lose their jobs, Prime Minister Justin Trudeau said on Wednesday.Trudeau made his remarks during a televised press conference in Brussels after tal...Reuters
Wed, Feb 12
Stocks
EMERGING MARKETS-EM currencies under pressure after US inflation data boosts dollar
Dollar rises after hot U.S. inflation data Grupo Mexico reports drop in quarterly net profit Trump urges Jordan to take in Palestinians MSCI Latam FX flat, stocks down 0.8%By Purvi Agarwal Feb 12 (Reuters) - The dollar rose broadly against emerging market currencies on Wednesday after a strong in...Reuters
Wed, Feb 12
Stocks
BUZZ-AnaptysBio climbs on arthritis drug trial data
** Shares of drug developer AnaptysBio ANAB.O surge 28.3% to $15.88 in morning trade ** Co says its experimental drug, rosnilimab, met the main goal in a mid-stage trial for the treatment of rheumatoid arthritis, a chronic inflammatory disease that primarily affects the joints ** The main goal was ...Reuters
Wed, Feb 12
Other
BofA doubles banking team in Switzerland amid shifting regulatory landscape
Feb 12 (Reuters) - Bank of America BAC.N has doubled its banking team in Switzerland, seizing on a potential opportunity to gain market share as bigger Swiss rivals deal with tougher regulation.Switzerland has pledged to put in place stricter banking rules since the 2023 collapse of Credit Suisse, w...Reuters
Wed, Feb 12
Stocks
LIVE MARKETS-Wall Street opens lower on hot inflation
U.S. equity indexes red; Dow leads declines, off ~0.7Real estate weakest S&P 500 sector; Healthcare sole gainerEuro STOXX 600 index ~flatDollar rises; gold slips; bitcoin dips; crude off >1.5%U.S. 10-Year Treasury yield jumps to ~4.65%Welcome to the home for real-time coverage of markets brou...Reuters
Wed, Feb 12
Other
Origin Specialty launches captive solutions division in partnership with GPW & Associates
By Mia MacGregorFeb 12 - (The Insurer) - Beyond Risk’s Origin Specialty Underwriters Agency has partnered with its sister company GPW & Associates to launch Origin Captive Solutions, aimed at providing middle-market companies with expanded risk management solutions.Led by managing director Danie...Reuters
Wed, Feb 12
Stocks
South African rand falls after US inflation data
Updates prices to reflect afternoon trade JOHANNESBURG, Feb 12 (Reuters) - South Africa's rand slipped on Wednesday, after data showed U.S. consumer prices rose more than expected last month, raising the prospect of the Federal Reserve holding interest rates higher for longer. At 1520 GMT, th...Reuters
Wed, Feb 12
Other
US actions have serious impact on global health, WHO chief says
Updates with detail from paragraph 3 onwardsBy Jennifer Rigby and Mariam SunnyFeb 12 (Reuters) - The United States' pause on foreign aid contributions is having a serious impact on global health, hitting programmes fighting polio, HIV and other threats, World Health Organization Director-General...Reuters
Wed, Feb 12
