Analysis-Takeover benefits: UBS investors warm to Credit Suisse deal
(Reuters) – UBS’s emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and…
Nasdaq 100 special rebalance is unlikely to solve the concentration problem – Goldman Sachs
Goldman Sachs strategists weighed in on the upcoming Nasdaq 100 ‘Special Rebalance”, aimed at tackling the index’s high level of…
Global shares, dollar sag after China data; traders bet on Fed sea change
(Reuters) – Global shares and commodities slipped on Monday after data showed the Chinese economy is growing a lot more…
Elon Musk says Twitter’s cash flow still negative as ad revenue drops 50%
(Reuters) – Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt…
Black Sea grain deal to expire Monday if Russia quits
(Reuters) – A pact that has allowed the safe Black Sea export of grain from Ukraine for the past year…
Oil slides more than 1% as Chinese GDP dents demand hopes
(Reuters) – Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern over…
Dollar stabilizes after last week’s selloff; Chinese yuan hit by weak GDP
The U.S. dollar stabilized in early European hours Monday after suffering its worst weekly drop this year, while weak Chinese…
European shares slip as Richemont, tepid China data drag
(Reuters) -European shares fell on Monday as luxury group Richemont slumped on weaker-than-expected organic sales growth and lacklustre economic growth…
Swiss watchmaker Swatch sues Malaysia for seizure of Pride watches
(Reuters) – Swiss watchmaker Swatch Group (SIX:UHR) has filed a lawsuit against the Malaysian government for confiscating rainbow-coloured watches that…
Britain’s Entain to buy U.S.-based Angstrom Sports for $160 million
(Reuters) – Ladbrokes-owner Entain (LON:ENT) on Monday agreed to acquire U.S.-based Angstrom Sports for 122 million pounds ($159.5 million) as…