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InvestingWall Street Pulls Back on Stocks, Treasury Yields Dip
InvestingForeigners Banned From Selling Russian Stocks as Market Set for Limited Reopening
Top StoriesOptions Mavens See Stock Rebound as Chance to Pick up Downside Protection
Top StoriesEquities Creep to Five-Week Highs, Ignore Bond Selloff
Lanvin Group, Owned by China’s Fosun, Plans New York Listing via Spac
Date: March 23, 2022
SHANGHAI/SYDNEY (Reuters) -Lanvin Group, the luxury fashion company owned by Chinese conglomerate Fosun International Ltd, said on Wednesday it plans to list in New York by merging with a special purpose acquisition company (SPAC) and aims to raise up to $544 million to fund its global expansion ambitions. Lanvin Group, which manages iconic brands such...
Wall Street Stocks, Treasury Yields Rise on Hawkish Fed Comments
Date: March 22, 2022
By Lawrence Delevingne BOSTON (Reuters) – U.S. stocks regained ground on Tuesday, while Treasury yields and Brent crude oil prices continued to climb, as investors adjusted their expectations for interest rate hikes following hawkish comments from the U.S. Federal Reserve. The Nasdaq led Wall Street’s main indexes higher, rising around 1.75%, as investors bought the...
Two Thirds of Luxembourg Funds With Big Russia Exposure Suspended, Watchdog Says
Date: March 22, 2022
By Huw Jones and Carolyn Cohn LONDON (Reuters) – Two thirds of funds in Luxembourg with heavy Russian exposure have been suspended following the Ukraine invasion, the Grand Duchy’s securities regulator said on Tuesday, adding that the sector’s Russian exposure is limited to 0.3% of total assets under management. Claude Marx, director general of the...
Stocks Hold Firm Even as U.S. Yields Hit Multi-Year Highs
Date: March 22, 2022
By Elizabeth Howcroft LONDON (Reuters) -European stock indexes rose Tuesday and U.S. and European government bond yields extended the previous session’s gains as investors adjusted their expectations for rate hikes following hawkish comments from the U.S. Federal Reserve. Fed Chair Jerome Powell said the central bank could move “more aggressively” to raise rates to fight...
Toshiba’s Spin-Off Plan Faces Much Opposition at Pivotal Shareholder Vote
Date: March 22, 2022
By Makiko Yamazaki TOKYO (Reuters) – Japan’s troubled Toshiba Corp is going into Thursday’s critical shareholder vote on its plan to spin-off its devices business with very long odds. Its top three shareholders – Effissimo Capital Management, 3D Investment Partners and Farallon Capital Management – all activist shareholders with which Toshiba management has had a...
European Stocks Post Their Best Week Since November 2020
Date: March 18, 2022
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -European shares rose on Friday adding to the strong gains earlier this week, as investors focussed on Russia-Ukraine peace negotiations and digested the talks between U.S. President Joe Biden and Chinese counterpart Xi Jinping. The pan-European STOXX 600 index closed 0.9% higher with technology stocks, leading the...