News
Important Only
Commodities
PRECIOUS-Gold off record highs as Powell's comments douse rate-cut hopes
Fed chief reiterates go-slow approach on further rate cutsBullion hit record high of $2,942.70 on TuesdayUS CPI data due at 1330 GMTUpdates with mid-session tradingBy Anushree Mukherjee Feb 12 (Reuters) - Gold prices retreated on Wednesday from an all-time high hit in the previous session, as Fed...Reuters
Wed, Feb 12
Other
Great-West Lifeco’s cat book facing possible C$100mn from California wildfires
By Chris MunroFeb 11 - (The Insurer) - Great-West Lifeco has said its catastrophe book faces a maximum net loss of C$100mn ($70mn) from the California wildfires, although the likely impact is between C$10mn and C$50mn, while heightened property pricing following the blazes could present the company ...Reuters
Wed, Feb 12
Stocks
EMERGING MARKETS-Asian markets get respite due to lull in tariffs news, dollar
Philippine c.bank board meeting on ThursdayKuala Lumpur stocks gain 0.5%Philippine peso unchangedUpdates as at 0614 GMTBy Rishav Chatterjee and Adwitiya Srivastava Feb 12 (Reuters) - Stocks in emerging Asian markets got some respite on Wednesday, with Indonesian stocks snapping a five-day losing ...Reuters
Wed, Feb 12
Other
BRIEF-CQS Gets Second Notice From Saba Demanding General Meeting
Feb 12 (Reuters) - CQS Natural Resources Growth and Income PLC CYNL.L:RECEIPT OF REQUISITION LETTER - GENERAL MEETINGRECEIPT OF REQUISITION LETTER TO CONVENE A GENERAL MEETING OF SHAREHOLDERS FROM SABA CAPITAL MANAGEMENTNOTICE WAS SERVED WITH NO PRIOR ENGAGEMENT BY SABACOMMITTED TO ENSURING THAT OUT...Reuters
Wed, Feb 12
Other
BRIEF-Indivior Says FDA Delays Final Review Of Sublocade Label Changes
Feb 12 (Reuters) - Indivior PLC INDV.L:DELAYED FDA APPROVAL OF SUBLOCADE LABEL CHANGESFDA DELAYS FINAL REVIEW OF SUBLOCADE LABEL CHANGESFOLLOWING ACCEPTANCE OF PROPOSED LABEL FOR SUBLOCADE, THERE WERE NO OUTSTANDING ITEMS TO ADDRESSReuters
Wed, Feb 12
Other
South Korean free trade pact could limit impact of reciprocal Trump tariffs, economists say
By Jihoon Lee SEOUL, Feb 12 (Reuters) - South Korea's free trade agreement with the United States could help mitigate its exposure to reciprocal tariffs threatened by U.S. President Donald Trump, economists at two major investment banks have said. Trump imposed tariffs on Monday on all import...Reuters
Wed, Feb 12
Commodities
TABLE-UAE's Fujairah oil inventory data for week ended February 10
Feb 12 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended February 10, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change f...Reuters
Wed, Feb 12
Other
BRIEF-Aoti, Inc. Says Group Revenue For 2024 Expected To Be In Excess Of $58.1 Mln
Feb 12 (Reuters) - Aoti Inc AOTI.L:TRADING UPDATE FOR THE YEAR ENDED 31 DECEMBER 2024GROUP REVENUE FOR 2024 IS EXPECTED TO BE IN EXCESS OF $58.1MCONFIDENT OF CONTINUING TO ACHIEVE GREATER THAN 30% REVENUE GROWTH IN 2025Reuters
Wed, Feb 12
Other
Arch’s Papadopoulo expects California fires to impact pricing as company leans into property cat
By Chris MunroFeb 11 - (The Insurer) - Arch Capital Group CEO Nicolas Papadopolou has become the latest industry figure to predict that the California wildfires will impact pricing, with the Bermudian continuing to deploy capital to the property catastrophe space even as the executive said the blaze...Reuters
Wed, Feb 12
Other
BRIEF-Maxcyte Says Enters Strategic Platform License With TG Therapeutics
Feb 12 (Reuters) - MaxCyte Inc MXCT.O:MAXCYTE, INC. MAXCYTE, INC. - MXCR - STRATEGIC PLATFORM LICENSE WITH TG THERAPEUTICSMAXCYTE INC - ENTERS STRATEGIC PLATFORM LICENSE WITH TG THERAPEUTICSMAXCYTE INC - TG THERAPEUTICS OBTAINS RIGHTS TO USE MAXCYTE TECHNOLOGYSource text: ID:nRSL7610WaFurther compa...Reuters
Wed, Feb 12
Forex
BUZZ-COMMENT-OPEC plan could completely change FX markets
Feb 12 (Reuters) - The Organisation of Petroleum Exporting Countries and their allies plan to begin the unwind of its output cuts gradually in April which could completely change FX markets.Oil which has traded heavily throughout the period that producers have limited supply could slide below the ba...Reuters
Wed, Feb 12
Other
Israel sells $5 billion of bonds in international offering
JERUSALEM, Feb 12 (Reuters) - Israel sold $5 billion of five- and 10-year bonds in an international debt offering overnight, with demand reaching $23 billion, the finance ministry said on Wednesday.Some 300 different investors from more than 30 countries worldwide took part in the sale, it said.Reuters
Wed, Feb 12
Stocks
Japan's Nikkei ends higher on tech gains, tariff worries limit gains
Update with closing prices TOKYO, Feb 12 (Reuters) - Japan's Nikkei share average closed higher on Wednesday, led by technology stocks, but the gains were capped due to persistent worries about the U.S. tariff policy.The Nikkei .N225 rose 0.42% to close at 38,963.7 after briefly logging margi...Reuters
Wed, Feb 12
Other
Gulf fintech Tabby doubles valuation to $3.3 billion ahead of IPO
Adds background in paragraph 8By Federico Maccioni DUBAI, Feb 12 (Reuters) - Gulf fintech Tabby has more than doubled its valuation to $3.3 billion after completing a new funding round, as the buy now, pay later (BNPL) firm prepares for a stock market listing within 18 months, its chief executive...Reuters
Wed, Feb 12
Stocks
South African rand stable after Powell's cautious comments; US inflation in focus
JOHANNESBURG, Feb 12 (Reuters) - South Africa's rand was steady in early trade on Wednesday, as markets processed U.S. Federal Reserve Chair Jerome Powell's comments on interest rate cuts and braced for an inflation reading from the world's biggest economy later in the day.At 0653 GMT, t...Reuters
Wed, Feb 12
Stocks
LIVE MARKETS-Markets look to US CPI with one eye on tariffs
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.com MARKETS LOOK TO US CPI WITH ONE EYE ON TARIFFSInvestors for a change started the day on Wednesday without headlines on new U.S. tari...Reuters
Wed, Feb 12
Cryptocurrencies
Bitcoin On The Fed’s Radar? Journalist Notes Growing Acceptance
Historically dubious of cryptocurrencies, the US Federal Reserve could be starting to show early signs of becoming more receptive to Bitcoin and digital assets. Recent remarks from key Fed officials point to a change in tone that would indicate a more open attitude regarding crypto inclusion, claims...Bitcoinist
Wed, Feb 12
Other
Supermarket group Ahold Delhaize's fourth-quarter sales marginally beat view
Feb 12 (Reuters) - Supermarket group Ahold Delhaize AD.AS reported slightly higher-than-expected sales for the fourth quarter on Wednesday, as it saw volume recovery in the U.S. and strong performance in Europe. The Dutch group's revenue for the three months through December 31 was 23.28 bill...Reuters
Wed, Feb 12
