FRANKFURT (Reuters) -Reinsurance company Swiss Re said on Friday that net profit for the first quarter rose a better-than-expected 16%, despite claims of $570 million from deadly wildfires in Los Angeles earlier this year. Profit got a boost from investments and taxes, the company said, and despite a “turbulent start to the year” it said …
Swiss Re posts 16% quarterly profit rise despite fire claims Read More »
A look at the day ahead in European and global markets from Stella Qiu The week started with a bang but by Friday the risk-on rally – supercharged by a China-U.S. trade truce – was wearing thin as traders grew wary that the rebound had overshot and that more twists and turns lie ahead in …
Morning Bid: Trade-driven rally ends the week with a whimper Read More »
(Reuters) -Bayer is preparing a plan to settle some of its mass lawsuits over Roundup weedkiller in Missouri, and may also seek bankruptcy for its Monsanto unit if the effort fails, the Wall Street Journal reported on Thursday, citing sources. The German pharmaceutical and biotechnology group has paid about $10 billion to settle disputed claims …
Bayer seeks Roundup settlement, explores Monsanto bankruptcy, WSJ reports Read More »
By Suzanne McGee (Reuters) -A number of high-profile asset managers cut their stakes in spot bitcoin exchange-traded funds amid a 12% drop in the cryptocurrency’s price in the first quarter of 2025, according to recent regulatory filings. This marks a shift from previous quarters when asset managers had typically increased their holdings in spot bitcoin …
Institutional investors juggle bitcoin ETF holdings, US filings show Read More »
By Sinead Cruise LONDON (Reuters) -One in 10 people in Britain have zero cash savings to draw on in an emergency, according to figures published on Friday by the UK’s top financial watchdog, in findings that underscore the financial vulnerability of millions. The Financial Conduct Authority said another 21% of people have less than 1,000 …
One in 10 people in Britain have zero savings, FCA says Read More »
By Niket Nishant and Chris Prentice (Reuters) -Coinbase forecast a hit of $180 million to $400 million from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday. The company received an email from an unknown threat actor on May 11, claiming …
Coinbase warns of up to $400 million hit from cyberattack Read More »
By Kenrick Cai SAN FRANCISCO (Reuters) -Alphabet’s Google One subscription service, which charges consumers for cloud storage and artificial intelligence features, recently crossed 150 million subscribers, the company told Reuters. That represents a 50% increase since February 2024, when Google One crossed 100 million subscriptions nearly six years after the service launched. The same month, …
Google hits 150 million users for subscription service with help of AI Read More »
(Reuters) -The World Economic Forum still sees European Central Bank President Christine Lagarde as the top candidate to replace its founder Klaus Schwab as the WEF leader, Bloomberg News reported on Thursday. Schwab abruptly stepped down as chair of the WEF board of trustees last month as the organization launched an investigation into him following …
World Economic Forum chases Christine Lagarde as its next leader, Bloomberg reports Read More »
(Reuters) -Britain’s De La Rue said on Thursday a consortium of British financier Edi Truell’s companies no longer intends to make an offer for the banknote printer. Last month, De La Rue backed a $347 million takeover bid from U.S. private equity firm Atlas Holdings, while rejecting a higher preliminary proposal from Truell, citing concerns …
Edi Truell’s consortium no longer plans to make offer for banknote printer De La Rue Read More »
By Maria Martinez BERLIN (Reuters) -Germany’s economic downturn and tax relief are likely to reduce total tax revenues by 81.2 billion euros ($90.94 billion) between 2025 and 2029 compared with a projection in October, figures the country’s council of tax experts showed on Thursday. For the federal government alone, the council forecasts 33.3 billion euros …
Germany cuts tax estimates to 2029 by more than 80 billion euros Read More »
