Florida, Louisiana-Focused Insurer Safepoint Files for IPO
Safepoint Holdings Inc., an underwriter of specialty homeowners and commercial insurance, filed for an initial public offering, disclosing growing profit and revenue.
Pakistan to Receive $1.32 Billion as IMF Board Approves Tranches
Pakistan will receive about $1.32 billion after the International Monetary Fund Board approved loan tranches under existing facilities, boosting the country’s ability to shield its economy from increased global risks.
Trump’s Latest 10% Global Tariffs Ruled Unlawful by US Trade Court
US President Donald Trump’s 10% global tariffs were declared unlawful by a federal trade court just months after the US Supreme Court vacated earlier levies he’d imposed. Brendan Murray has the details on Bloomberg Television. (Source: Bloomberg)
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Spending in the U.S. just slumped, and Bank of America isn’t sure why
Something funny just happened in the U.S. economy, according to Bank of America after the nation’s number-two bank looked at credit- and debit-card use by its customers.
Clariant CEO: Demand Remains Solid Despite Hormuz Blockade
Demand for chemical products remains high, even though the blockade of the Strait of Hormuz has complicated supply chains, says Conrad Keijzer, CEO of Swiss chemicals company Clariant. He spoke on “The Pulse with Francine Lacqua” on Bloomberg TV. (Source: Bloomberg)
UK Bonds Rally as Starmer Says He’ll Stay as Prime Minister
UK government bonds rallied as Prime Minister Keir Starmer said he would stay as the Labour leader despite the party’s election losses.
BofA Didn’t Have Block Trade Mandate at Time of Segantii Calls
Bank of America Corp. didn’t have a mandate to work on a block trade in Esprit Holdings Ltd. when it had phone calls with Segantii Capital Management to discuss the deal, a prosecution witness said during the hedge fund’s trial for insider trading.