By Junko FujitaJapan's Nikkei share average reversed course to end higher on Monday, as chip-related stocks cut losses after South Korea rolled out sweeping chip and AI mega-projects.The Nikkei TVC:NI225 closed 0.15% higher at 69,468.11, after falling as much as 1.97% earlier in the session. The br…
British American Tobacco LSE:BATS on Monday said it will cut 5,500 jobs globally as it pushes ahead with its AI-driven transformation programme.
Ethiopia's government said on Monday that it had reached a preliminary agreement with a key bondholder group on the restructuring of its $1 billion Eurobond due 2024.Talks to rework the Horn of Africa country's only international bond have made slow progress, after Ethiopia opted to restructure its…
Ukraine-focused miner Ferrexpo LSE:FXPO on Monday forecast it would have sufficient cash to operate beyond the end of August, extending a previous deadline, and said it was advancing work on securing a $100 million fundraise to stave off insolvency.Here are some more details:
The dollar index TVC:DXY may rise into the 103-104 range in the third quarter, as it has broken a resistance at 101.The index managed to stay above a rising trendline, increasing the chance of the uptrend from 73, or a bounce from 96, to extend toward 107, as pointed by a short falling trendline.Co…
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By Anjali SinghAustralian equities closed higher on Monday, underpinned by financials and technology stocks, as the United States and Iran moved to halt attacks, offering temporary relief but leaving investors wary of a fragile truce.The S&P/ASX 200 index ASX:XJO ended 0.7% higher at 8,823.40 poin…
Metso Oyj OMXHEX:METSO:
Round-up of South Korean financial markets:** South Korean shares closed little changed on Monday, as chipmakers cut losses after a highly-anticipated announcement of "mega projects" on AI and data centre announcements.** The benchmark KOSPI KRX:KOSPI closed down 16.56 points, or 0.20%, at 8,394.65…
UK-based private equity firm Bridgepoint LSE:BPT will acquire Kayne Anderson Real Estate, it said on Monday, in a deal valued at about $1.39 billion, including debt, and comprising $759 million in cash and around 189 million newly issued shares.The deal for the U.S.-based real estate group will div…
BAT COST-CUTTING HITS 9,000 ROLES AS TURNAROUND PLAN INTENSIFIES- BLOOMBERG NEWSBY THE END OF THIS YEAR BAT WILL HAVE SLASHED 5,500 JOBS AND OUTSOURCED A FURTHER 3,500 - BLOOMBERG
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European shares were steady on Monday, underpinned by gains in technology stocks, while investors mulled over the outlook of a fragile ceasefire in the Middle East after the United States and Iran agreed to halt the latest bout of hostilities.The pan-European STOXX 600 index TVC:SXXP held its groun…
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The South African rand edged up in early trading on Monday as investors awaited a batch of month-end economic data to assess the state of Africa's largest economy, while also monitoring anti-immigration protests planned for Tuesday.
