Tag: FINS
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Founder of Brazil’s CVC to invest $15 million, new CEO picked
SAO PAULO, June 2 (Reuters) – Brazilian travel operator CVC (CVCB3.SA) said on Friday it has reached an agreement with its founder for a 75 million reais ($15.13 million) investment in the company, as well as electing a new chief executive officer. CVC founder Guilherme Paulus will make the investment through “an eventual and future” ... -
Brazil’s central bank chief opposes creation of common currency
BRASILIA, June 2 (Reuters) – Brazil’s central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a common currency, stating that in the era of digitalization it is unnecessary to have a shared currency for its purported benefits. “That is a very old idea that solves a problem that doesn’t ... -
European shares log best day in two months; Swedish real estate stocks jump
US hiring rises in May; unemployment rate jumps Lululemon results boost Adidas, Puma SBB jumps after new CEO appointment June 2 (Reuters) – European shares clocked their best one-day gain on Friday as investors took comfort from easing euro zone inflation, the passing of the U.S. debt bill, and growing evidence supporting the case for ... -
RBA to hold rates at 3.85% in June, but may raise again soon
BENGALURU, June 2 (Reuters) – Australia’s central bank will keep its key interest rate unchanged at 3.85% on Tuesday despite inflation well above the target range, according to a Reuters poll of economists who were divided on when and where rates would peak this year. The Reserve Bank of Australia (RBA) raised rates last month ... -
Analysis: Banks break taboo for high-risk bonds
[1/2] U.S. dollar and Euro bank notes in Frankfurt, Germany, in this illustration picture taken May 7, 2017. REUTERS/Kai Pfaffenbach/Illustration Banks typically repaid AT1 bonds after five years Credit Suisse wiped out billions, shocked investors Some small banks no longer repaying June 2 (Reuters) – Investors who earned easy money with high-risk bonds invented after ... -
Italy can use new strategic fund to invest in listed firms
Italy PM looking to shore up strategic supply chains New fund can invest in Italian headquartered, listed firms Government eyes Gulf SWFs to support the initiative ROME, June 1 (Reuters) – Italy’s right-wing government can use a new strategic fund to buy stakes in listed companies outside of the financial sector, according to a draft ... -
Morning Bid: Hot, cold and skipping a beat
A look at the day ahead in U.S. and global markets from Mike Dolan If the Federal Reserve does skip raising interest rates this month it’s probably because it is as confused as everyone else about the health of the U.S. economy as June kicks off. Like a patient with a virus, incoming data appears ... -
Exclusive: Southeast Asian tech giant Sea disbands investment arm -sources
HONG KONG/SINGAPORE, June 1 (Reuters) – Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership ... -
UK house prices fall by most since 2009, higher rates to bite-Nationwide
[1/3] Painted houses are seen in London, Britain, March 31, 2023. REUTERS/Toby Melville/File Photo LONDON, June 1 (Reuters) – British house prices fell by the most since 2009 in the 12 months to May and the country’s housing market faces further headwinds after a recent jump in borrowing costs, mortgage lender Nationwide said on Thursday. ... -
Sri Lanka cuts rates by 250 bps, signals rebound from crisis
COLOMBO, June 1 (Reuters) – Sri Lanka’s central bank cut its key interest rates by 250 basis points on Thursday as inflation eased, signalling that the South Asian nation was emerging from a devastating financial crisis and ready for a rebound in growth. The Central Bank of Sri Lanka (CBSL) cut its standing deposit facility ...
