‘Expensive’ Franc Beats Peers as JPMorgan Sees Further Gains
The Swiss franc is back on track to be the strongest performing G-10 currency against the dollar this
2023-11-01 15:48
Orsted Drops US Wind Projects, Taking $4 Billion Impairment Hit
Orsted A/S dropped the development of two US wind projects, recording impairment charges significantly above its previous predictions
2023-11-01 15:26
Evergrande Said to Have Proposed New Debt Plan, Reuters Says
China Evergrande Group has proposed a new debt restructuring plan for offshore bondholders, Reuters reported, citing two people
2023-11-01 15:23
Saudi Arabia’s Tabby Valued at $1.5 Billion in Pre-IPO Fundraise
Saudi Arabia-based Tabby raised $200 million in a funding round that values the buy-now-pay-later firm at over $1.5
2023-11-01 14:54
Bank of Japan Steps Into Bond Market to Slow Rising Yields
The Bank of Japan announced an unscheduled bond-purchase operation on Wednesday in an effort to curb the pace
2023-11-01 13:20
Prada Sales Slow Despite Strong Miu Miu Label Performance
Prada SpA’s sales slowed as the Italian fashion company experiences a cutback in luxury demand that other competitors
2023-11-01 10:59
China’s Central Bank Drains Liquidity After Overnight Rate Surge
China’s central bank withdrew cash from the financial system, suggesting it sees Tuesday’s abrupt surge in short-term borrowing
2023-11-01 10:26
Canada Hedge Fund's Trades Halted After Losses, Manager's Death
The sudden death of a Toronto-based hedge fund manager has prompted an investigation into tens of millions of
2023-11-01 06:50
US and Israel Weigh Peacekeepers for the Gaza Strip After Hamas
The US and Israel are exploring options for the future of the Gaza Strip, including the possibility of
2023-11-01 05:58
ECB Can’t Let Up on Rates Too Soon, Bundesbank’s Nagel Says
The European Central Bank will need to keep borrowing costs high for some time, according to Bundesbank President
2023-11-01 02:22
Spain Weighs Taking Telefonica Stake to Counter Saudi Holding
The Spanish government is considering buying a stake in Telefonica SA following Saudi Telecom Co.’s plan to become
2023-10-31 16:23
Zegona Agrees to Buy Vodafone Spain for €5 Billion
Zegona Communications Plc has agreed to buy Vodafone Group Plc’s Spanish business for €5 billion ($5.3 billion) including
2023-10-31 16:16