Reuters Financial News

By Valerie Volcovici

By Nelson Acosta

U.S. health insurer Cigna Corp . (NYSE:CI) is reportedly considering selling its Medicare Advantage business in a move that would reverse its prior expansion into the sector.

(Reuters) — Air Lease (NYSE:AL) on Monday cast doubt on whether planemakers Boeing (NYSE:BA) and Airbus would hit their 2023 delivery targets due to quality issues at their suppliers.

NEW YORK (Reuters) — Many of the world's biggest multi-strategy hedge funds crossed the finishing line of a challenging October for markets with gains, sources familiar with the matter told Reuters.

Investing.com -- Trading in shares of WeWork Inc (NYSE:WE) was temporarily halted on Monday, according to an announcement from the New York Stock Exchange.

Investing.com — U.S. futures edged higher Monday, as investors awaited the release of more quarterly corporate earnings as the new week starts with a positive tone.

Investing.com — U.S. stock futures traded slightly higher Monday, continuing last week’s positive tone with investors looking ahead to a fresh batch of corporate earnings. 

Vladimir Putin has not announced a decision to seek another term in office yet, Kremlin Spokesman Dmitry Peskov told Russian news agency TASS. When asked to comment on a Reuters report that Putin had allegedly decided to run in the March 2024 presidential election, Peskov said: "Putin has not made any statements on the matter yet." "An election campaign has not yet been announced," he added. Russia is expected to hold its presidential election on March 17, 2024.

India-Canada row: The ties between India and Canada have been strained after Canadian Prime Minister Justin Trudeau in September alleged the involvement of "agents of the Indian government" in the killing of Khalistani terrorist Hardeep Singh Nijjar in June this year. India on the other hand has rejected the claims and called the allegations as "absurd and motivated." Since then Ottawa and New Delhi announced tit-for-tat expulsions of diplomats in the wake of Trudeau's allegation of Indian involvement in Nijjar's killing. India also temporarily suspended the issuance of visas to Canadian citizens and asked Ottawa to downsize its diplomatic presence in the country to ensure parity.

Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. The source, who declined to be named, did not say when production would begin. Tesla declined to comment.

Reuters. Ken Mehlman and Robert Antablin who are the fund's co-heads, in an interview with Reuters said the firm attracted commitments from investors for more than double its first $1.3 billion impact fund raised in 2020.

India's markets regulator said on Monday it will implement a plan to allow the settlement of equity market trades within the same day in a non-disruptive manner and hold back if there are «serious objections» from market participants. Offshore investors were pushing back on the Securities and Exchange Board of India's (SEBI) instant settlement plan on fears that two settlement cycles would lead to a fragmented system and add to the cost of trading, Reuters reported last month. India transitioned to T+1 settlement, where trades are settled within a day, in January. The SEBI now plans to allow instant settlement by October next year as another option. SEBI Whole-Time Member Ananth Narayan acknowledged that the regulator was worried the move would lead to the fragmentation of liquidity. «If there are serious objections, we will not do it, but we are presently exploring instant settlement in a non-disruptive manner,» Narayan said at Mumbai's The Network Forum Asia, a forum of offshore investors and custodian banks.

Reuters. At the same conference, Egyptian Foreign Minister Sameh Shoukry said, "The international community's responsibility always is to seek the cessation of hostilities, not promote the continuance of violence." "I think we need to get our priorities straight," Jordanian Foreign Minister Ayman Safadi said. "Right now we have to make sure that this war stops," he added.

World Cup encounter - the hazardous air of New Delhi. Asthmatic members of the Bangladesh team stayed indoors and Sri Lankan players resorted to masks, as per Reuters. There are speculations that the match may get cancelled due to poor air quality.

United States and its Arab allies appeared divided over Israel's military offensive in Gaza to defeat Hamas, as Washington, alongside Israel, resisted pressure for an immediate ceasefire despite the rising death toll among Palestinian civilians. In a rare display of a public split, Arab foreign ministers at a press conference pushed U.S. Secretary of State Antony Blinken to persuade Israel to agree to a ceasefire.

US Federal Reserve will not hike interest rates further. Investors will now await US Fed Chair Jerome Powell’s speech for future guidance on interest policy. Among other stock market triggers for the domestic markets during this week include the ongoing second quarter results of current fiscal, domestic and global macroeconomic data, foreign capital inflow and global market cues.

Reuters. Donald Trump is followed by US President Joe Biden as Americans were doubtful about Biden's age and were dissatisfied with him for the way he handled the economy. As Republican frontrunner Donald Trump seeks to regain presidency, he leads the field for his party's 2024 nomination.

Reuters. In May 2021, the ban was lifted for trades involving the shares of companies with large market capitalisation included in the KOSPI200 and KOSDAQ150 share price indices. Trading with borrowed shares will be banned for equities on the Kospi 200 Index and Kosdaq 150 Index from Monday until the end of June, Financial Services Commission (FSC) said on Sunday.

(Reuters) -Tesla's management in Germany late last week informed 11,000 workers they will receive a 4% wage raise effective in November, The Wall Street Journal reported on Sunday, where unions have previously said they earn below the industry average.

By Greg Roumeliotis