By Kosaku NariokaSoftBank Group has invested an additional $10 billion in OpenAI Group as part of its previously announced $30 billion investment plan.The Japanese technology investment company said Wednesday that it borrowed $10 billion under a bridge facility agreement to fund the second tranche…
The softening of the impact of rising energy prices on inflation in the eurozone means the European Central Bank shouldn't raise its key interest rate again this month, rate setter Martins Kazaks says. "I don't think that we are in a situation, at least from the current perspective, in need to act…
By Adam WhittakerItalian oil-and-gas major Eni agreed to form a commodities trading joint venture with Swiss trading firm Mercuria as it seeks to catch up with European rivals whose vast trading desks rake in billions of dollars in profit.Eni said the trading business would be split equally with Me…
U.S. futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell.In Europe, the Stoxx Europe 600 dropped 0.4% in morning trading. Redcare Pharmacy climbed 3% and Renault added 2…
European natural-gas prices rise on uncertainty over supplies amid disruptions in the Middle East and record heat across parts of Europe. Italy's energy firm Edison said Tuesday that QatarEnergy extended force majeure on some LNG shipments, with a total of 21 LNG cargoes now subject to the clause o…
Associated British Foods reports a softer set of numbers than expected, Bernstein analysts write. Retail sales were soft despite improving slightly on the prior quarter, the analysts write. While Primark's guidance is unchanged, the conglomerate flags weak consumer confidence across Europe and mixe…
The dollar should remain firm if Federal Reserve Chair Kevin Warsh focuses on price stability when he speaks at the European Central Bank's forum in Sintra, Portugal, at 1300 GMT, ING's Chris Turner says in a note. In his first Fed meeting as chair in June he emphasized the need to bring inflation…
The dollar is projected to trade within 4.05-4.10 ringgit in 3Q amid ongoing geopolitical uncertainty, before trending below 4.00 in 4Q as markets price in a prolonged Fed pause rather than further tightening, Kenanga economists say in a note. Medium-term dollar weakness is supported by global rese…
By Adria CalatayudGalderma shares fell after the Swiss skincare specialist failed to obtain approval from the U.S. Food and Drug Administration for its latest product to rival AbbVie's Botox for the second time.Shares in Galderma were down 5.6% in European morning trading Wednesday, leaving the sto…
Gold prices slip back below $4,000 a troy ounce ahead of Fed Chairman Kevin Warsh's speech at the European Central Bank Forum in Portugal. "The market has yet to attract sufficient buying interest to establish that level as support," analysts at Saxo Bank say. "Gold fell 14% during the second quart…
By Kosaku NariokaSoftBank Group has invested an additional $10 billion in OpenAI Group as part of its previously announced $30 billion investment plan.The Japanese technology investment company said Wednesday that it borrowed $10 billion under a bridge facility agreement to fund the second tranche…
Singapore's 2H GDP growth momentum is likely to remain firm, says CGS International, as it raises its 2026 GDP growth forecast for the city-state to 4.4% from 2.8%. The economy is expected to be supported by the ongoing artificial intelligence-related capital expenditure, rising construction activi…
(07:04 GMT) *Eni and Mercuria to Establish Global Trading Joint Venture (07:05 GMT) *Eni: JV Will Be Equally Owned (07:05 GMT) *Eni: JV Will Operate on Independent, Unconsolidated Basis (07:06 GMT) *Eni: It Will Cover Oil, Biofuels, Gas, LNG, Related Logistics, Infrastructure Rights (07:06 GMT) *En…
Oil prices are little changed in early trading as the market monitors peace talks between the U.S. and Iran and the return of shipping through the Strait of Hormuz. Brent crude is up 0.2% to $73.10 a barrel, while WTI futures rise 0.1% to $69.58 a barrel after posting their sharpest quarterly decli…
Perpetual: Proposal Did Not Adequately Represent Fair Value in Change-of-Control Context
U.S. futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell.In Europe, the Stoxx Europe 600 dropped 0.4% in morning trading. Redcare Pharmacy climbed 3% and Renault added 2…
Perpetual Rejects A$21.64/Share Cash Takeover Proposal
Perpetual: Indicative Proposal From EQT-Controlled Windflower
Structural forces, including concerns around Japan's fiscal trajectory under the Takaichi administration, are likely to persist and continue to weigh on the yen, says Eastspring Investments' Rong Ren Goh in an email. The market's view that the Bank of Japan is behind the curve is also pressuring th…
European indexes start the second half of the year largely in the red. Banking and utilities stocks fall, though defense stocks gain as the Europe-wide Stoxx 600 slips 0.5%. London's FTSE 100 falls 0.4% amid weakness in housing and mining stocks, while Associated British Foods slides 3.15% after a…
