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Amazon will raise $5.8 billion in first sterling bond sale, lead managers say
3+ day, 21+ hour ago (331+ words) LONDON, Sept 9 (Reuters) – Amazon will raise £4.25 billion ($5.76 billion) in its first-ever sterling bond sale, more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom. The deal,…...
Morning Bid: $100 Brent in sight, yen defies gravity
4+ day, 5+ hour ago (521+ words) A look at the day ahead in European and global markets from Kevin Buckland Brent crude has climbed to the cusp of $100 a barrel, a level last seen in late July, as fresh fighting in the Middle East fuels fears…...
Morning Bid: Diesel the real spoiler for US inflation doves
6+ day, 5+ hour ago (465+ words) A look at the day ahead in European and global markets from Wayne Cole. It’s been a patchy start to the week with tech leading Asian shares higher, while European and Wall Street futures barely budge. Semiconductor makers’ stocks drove…...
German industrial output falls unexpectedly in July
6+ day, 5+ hour ago (185+ words) Sept 7 (Reuters) – German industrial production fell unexpectedly in July, due to a sharp decline in production in the automotive sector. Industrial production fell by 1.1% compared to the previous month, the federal statistics office said on Monday. Analysts polled by Reuters…...
Australia clears Kimberly-Clark’s acquisition of Kenvue but requires Carefree, Stayfree divestment | WDEZ 101.9 FM Great Country
1+ week, 4+ day ago (181+ words) Sept 2 (Reuters) – Australia’s competition regulator on Wednesday approved Kimberly-Clark’s proposed $40 billion takeover of Kenvue, on condition the company divests Kenvue’s Carefree and Stayfree period care brands in the country to address competition concerns. • The Australian Competition and Consumer Commission (ACCC)…...
Putin envoy warns of Russian economy going ‘berserk’ on war footing
1+ week, 4+ day ago (507+ words) MOSCOW, Sept 1 (Reuters) – The Russian economy runs a risk of going “berserk” if it is run to focus entirely on the needs of the military-industrial complex, President Vladimir Putin’s international development envoy was quoted as saying on Tuesday. The comments…...
Shein prices Hong Kong IPO below top end of range, raises $1.74 billion
1+ week, 5+ day ago (453+ words) By Nikita Maria Jino, Roshan Thomas and Yantoultra Ngui Aug 31 (Reuters) – Shein on Monday priced its Hong Kong initial public offering below the top end of its marketed range, raising HK$13.60 billion ($1.74 billion) from the share sale. The online fast-fashion…...
Dollar near two-week high as Warsh boosts rate-hike bets; yen hovers near 160
1+ week, 6+ day ago (621+ words) HONG KONG, Aug 31 (Reuters) – The dollar held steady near a two-week high on Monday as markets ramped up bets on a rate hike after hawkish remarks from Federal Reserve Chair Kevin Warsh and renewed Gulf tensions, while the yen struggled…...
Bessent says yen moves ‘pretty contained’ and not disorderly
1+ week, 6+ day ago (442+ words) By David Lawder and Leika Kihara ASHEVILLE, North Carolina, Aug 30 (Reuters) – U.S. Treasury Secretary Scott Bessent said on Sunday recent yen moves were “pretty well contained,” suggesting the Japanese currency’s renewed slides were not seen as the kind of disorderly…...
Kimberly-Clark seeks EU approval for $40 billion Kenvue deal
2+ week, 1+ day ago (106+ words) Aug 28 (Reuters) – Kimberly-Clark has asked EU regulators permission for its proposed $40 billion takeover of Tylenol maker Kenvue, documents on the EU Commission’s website showed. • Kimberly-Clark announced the takeover in November last year. • The deal was expected to close in the…...