(Reuters) – MetLife Inc said on Thursday it had signed a $19.20 billion reinsurance deal with retirement and life insurance firm Global Atlantic, and boosted its stock buyback programme to $4 billion. Shares of the insurer rose 1.7% in premarket trade as it increased its repurchase programme by $1 billion after saying earlier this month…
GENEVA (Reuters) – Argentina has initiated a dispute against the United States at the World Trade Organization regarding tubular goods used in oil production, the trade watchdog said on Thursday. The so-called “request for consultations” which is the first formal step in the WTO’s dispute settlement process concerns allegations that the United States has used…
MILAN (Reuters) – Stellantis has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV batteries, lightweight composites and on-board sensing solutions, the two companies said on Thursday. The investment, through Stellantis’ venture capital arm Stellantis Ventures, aims to help the world’s third largest carmaker by sales simplify its supply chain and…
By James Oliphant MIAMI (Reuters) – As he toured the country before the formal announcement of his presidential bid on Wednesday, Florida Governor Ron DeSantis regaled crowds with the story of his surprising re-election victory last year in sprawling, largely Hispanic Miami-Dade County. It was the first time a Republican had won the Democratic-leaning county…
A look at the day ahead in U.S. and global markets from Mike Dolan Two of the year’s dominant themes vied for investor attention overnight as the debt ceiling impasse threatened the U.S. government’s credit rating and chipmaking giant NVIDIA soared almost 30% on the artificial intelligence boom. Even though White House and congressional Republican…
By Svea Herbst-Bayliss and Greg Roumeliotis NEW YORK (Reuters) -Activist investor Carl Icahn is set to win enough Illumina Inc shareholder support to install at least one of his three nominees to the gene sequencing machine maker’s board, two people familiar with the matter said on Wednesday. A preliminary vote tally shows that Icahn nominee…
By Ron Bousso and Sabrina Valle LONDON (Reuters) – Chevron has launched a sale process for its oil and gas assets in Congo as the U.S. energy giant continues to focus operations on newer and more profitable production, industry sources said. The Congo assets could fetch up to $1.5 billion, according to two sources close…
By Naomi Rovnick and Libby George LONDON (Reuters) – Rivalry with China, fallout from Russia’s war in Ukraine and wrangling once again in Washington over the U.S. debt ceiling have put the dollar’s status as the world’s dominant currency under fresh scrutiny. Russia’s sanctions-imposed exile from global financial systems last year also fuelled speculation that…
BANGKOK (Reuters) – The United States has declined to sell its F-35 stealth fighter jets to Thailand over issues with training and technical requirements, the Southeast Asian country’s air force said on Thursday. Thailand, which was designated a Major Non-NATO Ally by the United States in 2003, had last year set aside a 13.8 billion…
(Reuters) – Bankrupt crypto lender Celsius Network LLC said on Thursday it has chosen Fahrenheit’s proposal as the winning bid to manage a new entity to be owned by its creditors, directing itself out of bankruptcy. Fahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team and technology…
