equity
InvestingStocks Climb While Dollar Falls as Markets Cheer US Treasury Pick
Top StoriesAir Taxi Firm Vertical Says Mudrick to Convert Some Notes to Equity, Extend Repayment Deadline
FinanceStoxx 600 Hits Two-Week High; UniCredit, Commerzank Drop
BusinessBlackstone to List Spain’s Cirsa Shares in Madrid Early 2025, Expansion Says
Italy’s UniCredit Offers to Buy Banco Bpm for $10.57 Billion
Date: November 25, 2024
(Reuters) -Italian lender UniCredit said on Monday it had offered to buy rival Banco BPM in a roughly 10.09-billion-euro ($10.57 billion) all-stock deal that would combine Italy’s second and third largest banks and expand their pan-European presence. UniCredit, the country’s second-largest bank, offered 0.175 of its common stock for each BPM share, which equates to...
Stocks Bounce, Dollar Slides With Bond Yields on Bessent Pick
Date: November 25, 2024
By Tom Westbrook SINGAPORE (Reuters) -Asian stocks rallied with U.S. equity futures on Monday, while the dollar retreated against rivals as bond yields slid following the selection of fund manager Scott Bessent as the next U.S. Treasury secretary, with investors expecting he will be a voice for markets in Washington. MSCI’s broadest index of Asia-Pacific...
Northvolt Goes From Europe Battery Promise to Crisis
Date: November 22, 2024
STOCKHOLM (Reuters) – Sweden’s Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances. The company went in a matter of months this year from being Europe’s best shot at a home-grown electric-vehicle battery champion to racing to stay afloat, hobbled by...
Stocks Muted After Nvidia’s Lackluster Results, Bitcoin Eyes $100,000
Date: November 21, 2024
By Medha Singh and Ankur Banerjee (Reuters) –Global stocks eased on Thursday after AI bellwether Nvidia’s revenue growth forecast failed to excite investors, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about U.S. President-elect Donald Trump’s policies. Rising tensions this week in the 33-month-old war between Ukraine and Russia weighed...
European Shares Edge Lower, Tech Stocks Drag After Nvidia’s Disappointing Forecast
Date: November 21, 2024
(Reuters) – Europe’s main stock index slipped on Thursday, as market sentiment was tepid with geopolitical tensions boosting some safe-haven bids, while chip shares were the biggest drag after sector bellwether Nvidia’s disappointing revenue forecast. The pan-European STOXX 600 index edged down 0.1%, as of 0820 GMT, on track for its fifth straight session of...
Zurich Insurance Sets Financial Targets for Next 3 Years
Date: November 21, 2024
(Reuters) -Zurich Insurance set three-year targets a year early on Thursday, saying it aimed to reach average annual growth of more than 9% in its core earnings per share. Europe’s fifth-largest insurer announced it was targeting a core return on equity of more than 23% and cumulative cash remittances in excess of $19 billion between...