Zurich Exits Insurance Climate Alliance Days After Munich Re
Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a matter of days.
Bloomberg Business
Gold Hovers Above $2,000 With Record High Now in Sight
Gold edged slightly higher, hovering above $2,000 an ounce with traders assessing the Federal Reserve’s interest-rate path following weaker-than-expected economic data from the US.
Colombia’s Petro to Lead Push for Renewal of Venezuela Talks
Colombia’s President Gustavo Petro is finalizing plans to host an international summit aimed at reigniting negotiations between Venezuela’s beleaguered government and its opposition parties, a move that will put him at the forefront of a global push to resolve the country’s political crisis before presidential elections next year.
Retail Traders Ignore Banking Crisis and Buy the Dip in Lenders
Individual investors have been pouncing on battered bank stocks, pouring money into heavyweights like Bank of America Corp., despite lingering concerns about an industry crisis after several lenders collapsed.
Saudi’s Savvy Games Buys Gamemaker Scopely For $4.9 Billion
Savvy Games Group, part of the Saudi government’s Public Investment Fund, has agreed to acquire the closely held game publisher Scopely Inc. for $4.9 billion, the companies said Wednesday in a statement.
BofA Urges Bankers to Take New Roles Focusing On Smaller Deals
Bank of America Corp. is encouraging some bankers to consider new roles serving middle market clients as it seeks to beef up its business in the growing sector to meet client demand.
US Summoned Russian Ambassador Over WSJ Reporter’s Detention
The US summoned Russia’s ambassador for a meeting last week, a State Department spokesperson said, as the Biden administration pressures Moscow over the arrest and detention of Wall Street Journal reporter Evan Gershkovich on espionage charges.
The Final Mission for a California Military Base: Become Housing
The US Navy shuttered the Concord Naval Weapons Station in 2008, but plans to redevelop it for climate-friendly homes and a park are moving slowly.
Victims in Texas Church Shooting Reach $144 Million Settlement with US
The US government said it will pay $144 million to victims and family members of the 26 people killed and 22 injured during a mass shooting at the First Baptist Church of Sutherland Springs, Texas, in 2017.
Saudi Arabia Hikes Oil Prices to Asia After OPEC+ Shock Cuts
Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise OPEC+ output cut.
