MILAN (Reuters) – UniCredit’s surprise bid for Italy’s Banco BPM is hostile, a board member of the smaller lender told Italian newswire ANSA on Tuesday. He was speaking ahead of a Banco BPM board meeting for an initial discussion on the 10 billion euro ($10.5 billion) takeover bid launched on Monday by Italy’s second-largest bank….
ISTANBUL (Reuters) – Turkey’s economy is expected to have expanded 2.6% in the third quarter due to slower domestic demand and the weight of tighter economic policies, a Reuters poll showed on Tuesday, with the rate seen cooling to 3% for the year as a whole. The economy grew 5.3% in the first quarter of…
By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) – Affinity Equity Partners, a Hong Kong-based buyout firm, has concluded two acquisitions in Southeast Asia worth a combined $1.65 billion, people with knowledge of the deals said. It bought Jakarta-based gummy candy company Yupi for $1.2 billion, said two of the people. Yupi, founded in…
Investing.com — Investors should remain invested in US equities but shift their allocations away from highly concentrated stocks and cap-weighted indices like the S&P 500, according to David Kostin, Chief US Equity Strategist at Goldman Sachs. Instead, Kostin recommends diversifying toward equal-weighted indices, which he argues offer better long-term risk-adjusted returns amid the current market…
(Reuters) – European shares opened lower on Tuesday, dragged by automakers, as Donald Trump’s tariff threat on the United States’ largest trading partners prompted worries that the bloc might share the same fate in a likely global trade war. The pan-European STOXX 600 was down 0.5% as of 0820 GMT, set to snap a three-day…
Investing.com — Wall Street is seen slipping slightly lower Tuesday after Donald Trump brought up the potential for more stringent trade tariffs in January as he enters the White House. Investors will also be studying the minutes from the last Fed meeting, while Rumble has announced plans to purchase a large chunk of Bitcoin. 1….
By Audrey Tang Business Nov 26, 2024 3:45 AM Embrace the Shift to ‘Prosocial Media’ Engagement and profits on social platforms are built on fomenting dissatisfaction and disinformation—but there’s a better alternative. Illustration: Carmen Casado Today, our information feeds and social media are largely governed by algorithms optimized to maximize engagement, often amplifying the most…
BERLIN (Reuters) – The mood in Germany’s export industry improved slightly in November as companies, generally cautious about foreign business developments, wait to see which trade policies U.S. President-elect Donald Trump will implement, a survey said on Tuesday. The Ifo economic institute’s indicator for export expectations rose to minus 5.9 points in November from minus…
SHENZHEN, China (Reuters) -Chinese tech giant Huawei Technologies unveiled its Mate 70 smartphone series on Tuesday, marking a significant step in its premium smartphone comeback while showcasing its own operating system in a clean break away from U.S. technology. The phone marks the “the most powerful Mate phone ever”, Richard Yu, chairman of Huawei’s Consumer…
LONDON (Reuters) – Sri Lanka launched its long-awaited bond swap on Tuesday, a key step to completing its $12.55 billion debt restructuring and enabling its fragile economic recovery to continue. Bondholders have until December 12 to vote in support of the proposal, which would see them swap existing bonds for a set of new issues,…
