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Dollar weaker on renewed Fed rate cut hopes; yen wobbles
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Global shares gain on rate cut bets; yen weakens
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ECB grows more confident about cutting rates, policymakers say
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Swedish central bank to cut key rate this week, Reuters poll shows
Swiss National Bank exploring ways to tokenise financial assets
Date: May 6, 2024
Swiss National Bank exploring ways to tokenise financial assets ZURICH (Reuters) – The Swiss National Bank is examining the best way that financial assets can be digitally tokenised as a way of making payments more secure and efficient, Chairman Thomas Jordan said on Monday. Jordan said central banks needed to decide how best to engage...
Sabadell board meets to consider BBVA’s $13 billion offer, sources say
Date: May 6, 2024
Sabadell board meets to consider BBVA’s $13 billion offer, sources say By Jesús Aguado MADRID (Reuters) -Sabadell’s board was meeting on Monday to discuss an all-share offer from larger Spanish bank BBVA that was worth around 12 billion euros ($12.9 billion) when announced last week, two sources familiar with the matter said. BBVA said on...
World shares climb on Fed cut bets, China gains; yen weakens
Date: May 6, 2024
World shares climb on Fed cut bets, China gains; yen weakens By Nell Mackenzie and Rae Wee LONDON (Reuters) -U.S. stocks looked to open higher on renewed bets that the Federal Reserve would likely ease interest rates this year, while the yen weakened after a strong surge last week from Tokyo’s suspected currency intervention. Futures...
BioNTech says 90% of 2024 revenues will accrue at end of year
Date: May 6, 2024
BioNTech says 90% of 2024 revenues will accrue at end of year By Ludwig Burger FRANKFURT (Reuters) -Germany’s BioNTech, whose COVID-19 vaccine in partnership with Pfizer was widely used during the pandemic, said on Monday that almost all of its expected 2024 revenues would come in at the end of the year. BioNTech, which is...
Shares in Spain’s Indra surge after net profit rises 40%
Date: May 6, 2024
Shares in Spain’s Indra surge after net profit rises 40% By Matteo Allievi (Reuters) -Shares in Spanish defence and technology firm Indra surged on Monday after its net profit rose 40% to 61 million euros ($66 million) in the first quarter, supported by strong orders as global tensions spur demand for air defences. Shares in...
Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter
Date: May 6, 2024
Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter COPENHAGEN (Reuters) -The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry’s capacity between the Far East and Europe by some 15%-20% in the second quarter, shipping group Maersk said on Monday. Maersk...