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Cryptoverse: Asian traders give bitcoin blast-off
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Euro zone business activity moves closer to recovery, PMI survey shows
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Aviva re-enters Lloyd’s market with $300 million acquisition
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Hipgnosis’ songs portfolio valuation falls sharply; extends dividend halt
German perfume retailer Douglas plans $1.2 billion IPO by March end
Date: March 4, 2024
German perfume retailer Douglas plans $1.2 billion IPO by March end FRANKFURT(Reuters) – German perfume retailer Douglas said on Monday it will pursue a 1.1 billion euro (about $1.2 billion) initial public offering (IPO) on the Frankfurt Stock Exchange, with the listing to be completed in the first quarter of 2024, subject to capital market...
Swiss National Bank loses $3.6 billion in 2023
Date: March 4, 2024
Swiss National Bank loses $3.6 billion in 2023 ZURICH (Reuters) -The Swiss National Bank posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, the central bank said on Monday, as the switch to positive interest rates cost it dearly. The central bank made a loss of 8.5 billion francs on its...
Evonik says recovery unlikely in 2024, plans 2,000 job cuts
Date: March 4, 2024
Evonik says recovery unlikely in 2024, plans 2,000 job cuts (Reuters) – German chemicals group Evonik Industries said on Monday it expected no signs of a recovery in 2024 and announced up to 2,000 job cuts worldwide by 2026 in a bid to cut costs. The job cuts are expected to lead to reduction costs...
Marketmind: Looming event risk can’t stop Nikkei topping 40,000
Date: March 4, 2024
Marketmind: Looming event risk can’t stop Nikkei topping 40,000 A look at the day ahead in European and global markets from Wayne Cole. It’s been a largely risk-on start to a week packed with central bank events and major data that will refine market wagers for when developed world interest rates will finally start falling....
M&A may breathe new life into Europe’s neglected telecoms
Date: March 1, 2024
M&A may breathe new life into Europe’s neglected telecoms By Danilo Masoni MILAN (Reuters) – A series of potential deals across Europe’s fragmented telecoms industry has put the battered sector in the spotlight, as consolidation could help boost profit margins. European telecoms stocks are at fresh record lows relative to the market after years of...
Analysis – G20 optimism on global outlook gives BOJ impetus for early stimulus exit
Date: March 1, 2024
Analysis – G20 optimism on global outlook gives BOJ impetus for early stimulus exit By Leika Kihara SAO PAULO (Reuters) – The G20 finance leaders’ upbeat take on the global economic outlook will likely give Bank of Japan Governor Kazuo Ueda further impetus to proceed with the bank’s carefully telegraphed plan to exit negative interest...