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Brown & Brown's fourth-quarter profit rises on fee and commission growth
Reuters· 2026-01-26 22:56
Brown & Brown reported a rise in fourth-quarter adjusted profit on Monday, as the insurance broker benefited from higher income from commissions and fees on the back of strong demand. ...
Venezuela oil reform encourages immediate investment, still needs to go deeper, executives say
Reuters· 2026-01-26 22:51
A proposed reform of Venezuela's oil law is enough to encourage companies working in the country to expand and for some new entrants to begin investing, but deeper reforms would be necessary to attrac... ...
Exxon begins commercial CCS project with CF industries in Louisiana
Reuters· 2026-01-26 22:45
Core Insights - Exxon Mobil has initiated commercial operations for carbon capture and storage (CCS) in collaboration with ammonia producer CF Industries in Louisiana, set to commence in 2025 [1] Company Summary - Exxon Mobil is advancing its sustainability efforts through the launch of CCS operations, indicating a strategic shift towards reducing carbon emissions [1] - The partnership with CF Industries highlights the company's focus on innovative solutions in the energy sector [1] Industry Summary - The move towards CCS reflects a growing trend in the energy industry to adopt technologies aimed at mitigating climate change [1] - The collaboration signifies an increasing emphasis on carbon management solutions within the ammonia production sector [1]
Mizuho hires Deutsche Bank veteran Richard Robinson as senior industrials banker
Reuters· 2026-01-26 22:36
Mizuho Financial Group has hired investment banker Richard Robinson as vice chairman and managing director in the Industrials Group, according to an internal memo reviewed by Reuters. ...
Trump says he is raising tariffs on certain South Korean imports to 25%
Reuters· 2026-01-26 22:09
Core Viewpoint - President Donald Trump announced an increase in tariffs on South Korean imports related to autos, lumber, and pharmaceuticals to 25%, citing the South Korean legislature's failure to adhere to the trade agreement with the United States [1] Group 1: Tariff Details - The tariffs on South Korean imports will rise to 25% [1] - The affected sectors include autos, lumber, and pharmaceuticals [1] Group 2: Trade Agreement Context - The increase in tariffs is framed as a response to South Korea's legislature "not living up" to its trade deal obligations with the United States [1]
Texas governor bars state employees from using Alibaba, Temu products
Reuters· 2026-01-26 21:21
Texas will bar its employees from using Alibaba, Temu and TP-Link hardware and software, the governor said in a statement, saying his state made the decision to protect the "privacy of Texans" from th... ...
Trump Administration proposes keeping steady Medicare rates paid to insurers, WSJ reports
Reuters· 2026-01-26 21:20
The Trump Administration is proposing to keep Medicare payments to insurers roughly steady next year, the Wall Street Journal reported on Monday, noting the plan includes an average rate increase of j... ...
Flood in Vale mining pit causes environmental damage to local Brazilian river
Reuters· 2026-01-26 21:10
Overflowing water from a mining pit owned by Brazil's miner Vale caused environmental damage as it reached the local Maranhao River, Minas Gerais state government said in a Monday statement. ...
Nike to cut 775 jobs in US distribution centers, CNBC reports
Reuters· 2026-01-26 21:04
Nike is laying off 775 employees in a bid to boost profits and accelerate its use of automation, CNBC reported on Monday, citing people familiar with the matter. ...
US business borrowing for equipment rises over 5% in December, ELFA says
Reuters· 2026-01-26 20:10
U.S. companies borrowed 5.9% more to finance equipment purchases in December than a year earlier, reaching the second-highest level ever, the Equipment Leasing and Finance Association said on Monday. ...