Mercedes includes buyback option as Russian assets sale given official approval
(Reuters) – Mercedes-Benz has agreed on a buyback option for its Russian assets, the sale of which has now been…
Japan’s SMFG is first global bank to sell AT1 bonds since C. Suisse wipeout
(Reuters) -Japan’s Sumitomo Mitsui Financial Group (NYSE:SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global…
Oil dips as potential Fed rate hike overshadows falling stocks
(Reuters) -Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could…
Gold edges lower as markets seek clarity on Fed rate hikes
Gold prices fell slightly in Asian trade on Wednesday, but hovered around key levels as markets awaited more cues on…
Glencore raises pressure on Teck Resources with promise of higher bid
(Reuters) -Glencore has told Teck Resources (NYSE:TECK) shareholders it is willing to improve its $22.5 billion takeover offer, raising the…
Rheinmetall and KMW to upgrade Puma armoured vehicles for German army
(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry…
Dollar stabilizes as Treasury yields rise; sterling gains after CPI surprise
The U.S. dollar stabilized in early European trade Wednesday, with traders trying to work out the likely path of the…
Heineken sees Europe resilience offseting Asia slowdown risk
(Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region…
Oil slips on economy worries, despite upbeat China data
LONDON (Reuters) -Oil fell for a second day on Tuesday as upbeat Chinese economic data failed to deflect the focus…
USD/JPY: Dollar Notches 2% Gain Over Three Days but Momentum Wanes
New Bank of Japan governor Kazuo Ueda vowed to keep on with his predecessor’s ultra-loose monetary policy. The USD/JPY pair…