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UBS’s new wealth management co-leaders announce reshuffle
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UK retailer Halfords posts lower annual profit
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Nokia sells submarine networks business ASN to French state
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BP halts hiring, slows renewables roll-out to win over investors
SoftBank to invest in search startup Perplexity AI at $3 billion valuation, Bloomberg reports
Date: June 27, 2024
SoftBank to invest in search startup Perplexity AI at $3 billion valuation, Bloomberg reports (Reuters) – Japanese technology investor SoftBank Group Corp’s Vision Fund 2 is investing between $10 million and $20 million in U.S. search startup Perplexity AI at a valuation of $3 billion, Bloomberg News reported on Thursday. SoftBank will make this investment...
Dollar hits 38-year high vs yen; stocks mostly ease
Date: June 26, 2024
Dollar hits 38-year high vs yen; stocks mostly ease By Caroline Valetkevitch NEW YORK (Reuters) -The dollar hit a fresh 38-year high against the Japanese yen on Wednesday, with investor speculation high that Japanese authorities could intervene to strengthen the currency, while global stock indexes were mostly lower. Japan’s top currency diplomat, Masato Kanda, said...
Euro zone yields edge up before inflation data, caution over France
Date: June 26, 2024
Euro zone yields edge up before inflation data, caution over France By Stefano Rebaudo (Reuters) -Euro zone government bond yields rose on Wednesday as investors awaited inflation data from the United States and some members of the bloc due on Friday, and the first round of a French legislative election over the weekend. The French...
Yen tumbles to 38-year low vs dollar as likely Japan intervention looms
Date: June 26, 2024
Yen tumbles to 38-year low vs dollar as likely Japan intervention looms By Gertrude Chavez-Dreyfuss and Harry Robertson NEW YORK/LONDON (Reuters) – The yen dropped to its lowest against the U.S. dollar since late 1986 on Wednesday, amid a wide interest rate differential between the two economies, keeping the market alert for any sign of...
UK retail sales go into reverse this month, CBI survey shows
Date: June 26, 2024
UK retail sales go into reverse this month, CBI survey shows (Reuters) -British retail sales softened this month after a recovery in May, and stores expect another drop next month, an industry survey showed on Wednesday. The Confederation of British Industry’s monthly retail sales balance, which measures volumes compared with a year ago, fell to...
Aussie dollar jumps on inflation spike, while yen stays under pressure
Date: June 26, 2024
Aussie dollar jumps on inflation spike, while yen stays under pressure By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) -The Australian dollar rallied after a surprise jump in inflation on Wednesday raised the prospect of another rate hike, while the U.S. dollar kept downward pressure on the Japanese yen. Moves elsewhere in the market were...