Author: News Room

LONDON (Reuters) – Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese insurer’s expanding international business told Reuters. Tokio Marine’s international business has grown to more than 50% of the company’s profits, compared with less than 3% 20 years ago, with its most recent large acquisitions in the U.S. market. “Something we could do relatively easily would be in the $10 billion range,” Chris Williams, co-head of Tokio Marine’s international business said in an interview on Monday. “North America is the biggest insurance market…

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By Marianna Parraga HOUSTON (Reuters) -Argentina could inaugurate its first liquefied (LNG) project in four years if economic and energy reforms proposed by President Javier Milei are passed by congress soon, the CEO of producer Tecpetrol said on Tuesday. The South American country is going through a difficult economic situation but the reforms would make it more attractive for energy investment and remove fiscal imbalances, said Tecpetrol CEO Ricardo Markous at the CERAWeek by S&P conference in Houston. Argentina’s Senate last week rejected Milei’s wide-ranging economic reforms decree, a blow to the libertarian leader’s austerity agenda. That plan included removing…

Boeing will report a massive loss in the first quarter stemming from the Alaska Airlines door plug blowout on January 5, Chief Financial Officer Brian West said at an investor conference Wednesday. The beleaguered company said its commercial airplane unit’s operating profit margin would plunge to around -20%. That would be the biggest loss margin at the Boeing unit in two years, since the company had been forced to halt deliveries of its 787 Dreamliner because of other quality issues at that time. This time, the 737 Max production has been slowed because of the door plug that blew off…

Swiss Franc is weakening ahead of the key Swiss National Bank policy meeting on Thursday.  Lower inflation and growth point to the risk of a dovish policy tweak at the meeting.   USD/CHF is piercing above the top of a box range and threatening to break out substantially higher.  The Swiss Franc (CHF) is trending lower on Wednesday in its most heavily traded pairs ahead of the week’s key event for the currency, the Swiss National Bank (SNB) policy meeting on Thursday.  The decline may be due to traders seeing a heightened risk the SNB will change its messaging or even reduce…

On March 19, the National Agency for Prospective Projects (NAPP) released a new mandate that increases the monthly fees for crypto market participants in Uzbekistan. According to the official press release, the updated fee structure is a revision to a mandate first established in September 2022 by the Ministry of Justice. The modification came in response to the NAPP’s evaluation of “sufficient profitability” among cryptocurrency retailers and exchanges in the sector. Consequently, the NAPP introduced a new fee structure that affected both entities. Per the new fee structure, crypto exchanges are now subject to a fee of 740 BRV, equivalent…

Fruits and vegetables are key components of a healthy diet, but it is just as important that they’re safe to eat — meaning clean of dirt, grime and pesticides.Each year since 2004, the Environmental Working Group, a nonprofit organization that aims to make the environment healthier, ranks the non-organic produce with the most pesticides that they call The Dirty Dozen. The EWG analyzes data from the U.S. Department of Agriculture and the Food and Drug Administration.”This year, EWG determined that 75 percent of all conventional fresh produce sampled had residues of potentially harmful pesticides,” according to the EWG. “But for…

Check out the companies making headlines in premarket trading. Chipotle — Shares rose 6.6% in premarket trading after the fast-casual Mexican chain announced a 50-to-1 stock split. The change, which was shared with the public on Tuesday, is expected to go into effect in June if approved by shareholders in a vote scheduled for earlier that month. Elsewhere, Deutsche Bank raised its price target on the stock, citing strong growth prospects. CarMax — Shares of the used car dealer climbed 3% after an upgrade to buy from hold by Needham. The investment firm said the used vehicle market could be…

Former President Donald Trump is “thinking in terms of” supporting a 15-week federal abortion ban, he said in an interview that aired Tuesday. “The number of weeks now, people are agreeing on 15, and I’m thinking in terms of that, and it’ll come out to something that’s very reasonable. But people are really, even hard-liners are agreeing, seems to be, 15 weeks seems to be a number that people are agreeing at. But I’ll make that announcement at the appropriate time,” Trump said in a radio interview with “Sid & Friends in the Morning.” Trump again reiterated his support for exceptions…

Last night, Jon Heyman of the New York Post reported that Blake Snell and the San Francisco Giants are in agreement on a 2-year deal worth $62 million. The deal, as would be expected of a Scott Boras client, has an opt-out after the first year, which essentially makes this a one-year contract. Snell will receive $15 million in 2024, and a $17 million signing bonus that will not be paid until January, 2026. That leaves a $30 million player option for 2025, which Snell will only exercise if he underperforms this season. The deal for Snell was a final…