equity
InvestingFTSE 100 Gains but Set for Weekly Losses on Slowdown Worries
Top StoriesDeutsche Telekom to Sell 51% of Towers Business
InvestingEuropean Shares Fall, Italian Stocks Slide on Political Worries
Top StoriesSpain’s Opdenergy Plans Market Debut on July 22
Global Equities Waver, Oil Falls Amid Recession Fears
Date: July 12, 2022
By Katanga Johnson WASHINGTON (Reuters) – World stocks traded mixed while oil prices and bond yields dipped as traders fretted over prospects of further central bank tightening and worries about the health of economies worldwide. The dollar’s role as the safe-haven go-to currency for investors concerned about the economic outlook has been burnished in recent...
Saipem Shares Plunge After Cash Call Falls Short
Date: July 12, 2022
MILAN (Reuters) -Shares in Italy’s Saipem fell as much as 40% on Tuesday after investors subscribed for only 70% of its 2 billion euro cash call, signalling limited confidence in the turnaround plan for the Italian energy services group. Saipem said on Monday it had raised around 1.395 billion euros ($1.4 billion) at the closing...
Edf Shares Surge as France Eyes Nationalisation Cost of 8 billion-10 Billion Euros
Date: July 12, 2022
PARIS (Reuters) -EDF shares surged on Tuesday, after two sources told Reuters that the French government was poised to pay more than 8 billion euros ($8 billion) to bring the power giant back under full state control. One of the sources said the cost of buying the 16% stake the French state does not already...
Global Shares Decline, Bond Yields Slide and Dollar Rallies Amid Inflation Fears
Date: July 11, 2022
By Katanga Johnson WASHINGTON (Reuters) – World equities and U.S. bond yields fell on Monday as investors prepare for fresh inflation data and corporate earnings that may be seen as potentially influencing the Federal Reserve’s path ahead for interest-rate increases. The pan-European STOXX 600 index lost 0.50% and MSCI’s gauge of stocks across the globe...
Musk Makes Meme on Twitter Legal Threat After Scrapping $44 Billion Deal
Date: July 11, 2022
(Reuters) – Elon Musk on Monday mocked Twitter Inc’s threat to sue him following his move to abandon the $44 billion takeover deal, tweeting the social media firm would need to disclose more information on bots and spam accounts. Twitter shares fell about 10% to $33.26 on Monday, a 38% discount to Musk’s $54.20 bid,...
Saipem Raises Initial 1.4 Billion Euros in Capital Increase
Date: July 11, 2022
MILAN (Reuters) -Italy’s Saipem has raised around 1.395 billion euros ($1.4 billion) to stabilise its finances, the energy services group said on Monday, adding that investors subscribed around 70% of the new shares it was issuing in a cash call. Last month Saipem launched a 2 billion euro hyper-dilutive capital increase, which was open until...