Ivaylo is a financial news editor covering international stock markets, stock futures markets reporting corporate news and writing corporate analysis.
, | Updated: October 30, 2024
The Tokyo-based Japanese bank Softbank Corp. was notified along with Sprint Nextel Corp. by the Committee of Foreign Investment in the US that both companies have been cleared to go ahead with the acquisition.
The Japanese bank is supposed to seal a $20.1 billion takeover of Sprint as the bank competed with Dish Network Corp. Softbank rose 2.1% at the close of Tokyo Exchange. The Cross-boarder deal would give the bank 70% of the third largest wireless network in US.
The Softbank deal is also under review by the Federal Communications Commission. Sprint future remains unsettled while the company considers Dish offer the satellite company said in a filing last month
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Forex Market: GBP/JPY daily trading forecast Friday’s trade saw GBP/JPY within the range of 191.27-193.78. The pair closed at 191.54, plunging 1.06% on a daily basis, or the most significant daily loss since July 8th, when it fell 2.12%. Friday was the third consecutive trading day of […]
British pound tumbled against US dollar, ignoring optimistic UK data British pound slid against the US dollar on Friday, despite the positive signal, submitted from UK, as pressure by FED comments on stimulus remained strong.GBP/USD pair tumbled to a session low at 1.5472 at 7:28 GMT, after which […]
Commodities trading outlook: gold, silver and copper futures Gold and silver futures were relatively steady during midday trade in Europe today. Precious metals logged sizable gains last week, as the US central bank, the Federal Reserve, announced interest rates will remain lower. Meanwhile, copper […]
WTI hovers near 5-month low ahead of U.S. supply data, Fed stimulus, Libyan output West Texas Intermediate crude rebounded from yesterdays five-month low after the American Petroleum Institute reported a much larger than expected drop in U.S. motor gasoline and distillate fuel supplies, despite a seventh consecutive weekly […]
EUR/USD Hits 1.1256 Key Moments:
The euro advanced 0.14% to 1.1256 against the greenback on Tuesday, extending yesterday’s gains.
Moody’s downgrade of the US credit rating continued to weigh on the dollar’s momentum.
Markets remained cautious […]
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