April 21, 2021 9:33 am
Toshiba Corp’s (6502) board has decided against CVC Capital Partners’ $20 billion buyout proposal due to the lack of required details, the company said earlier this week. Yet, the conglomerate added that it remained open to “credible” offers. In a new letter, CVC, which had previously proposed to take Toshiba private, did not provide the […]
Read moreApril 21, 2021 7:33 am
Microsoft Corp (MSFT) plans to invest $1 billion in Malaysia over the upcoming five years in a new partnership with government agencies and domestic companies, the country’s Prime Minister announced earlier this week. As part of the Bersama Malaysia initiative, the US tech company will build its first datacentre region in Malaysia in order to […]
Read moreApril 20, 2021 8:40 am
AUD/USD, a liquid proxy for risk, extended yesterday’s gains and registered a fresh one-month high on Tuesday, after the minutes from the Reserve Bank of Australia’s meeting in April revealed policy makers expected a stronger economic rebound from the coronavirus pandemic. Rising commodity prices provided additional support. The RBA said that it expected an “above-trend” […]
Read moreApril 19, 2021 9:21 am
GBP/USD extended last week’s gains and registered a fresh two-week peak on Monday, as the Sterling drew support from a partial re-opening of the UK economy and improving investor risk sentiment, while the US Dollar remained pinned near one-month lows. The Pound’s positive sentiment was underpinned by the latest data surrounding the UK’s vaccination campaign. […]
Read moreApril 19, 2021 7:32 am
Citigroup Inc (C) said last week that it intended to hire 300 new relationship managers in Hong Kong as it seeks to increase clientele threefold and assets under management twofold in its wealth management business in the key financial centre. The news comes one day after Citigroup announced plans to withdraw from consumer banking in […]
Read moreApril 16, 2021 9:22 am
Spot Gold was holding near recent seven-week highs on Friday, as the US Dollar and US Treasury yields retreated to lows unseen in almost a month after the US government imposed a wide range of sanctions on Russia over alleged interference in last year’s presidential election. A weaker dollar makes Gold more affordable for international […]
Read moreApril 15, 2021 9:15 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday, but still held not far from a fresh one-month high achieved earlier in the day, after the International Energy Agency and OPEC revised up their full-year oil demand forecasts. Additional support to prices came on the back of a larger-than-expected drop in US crude […]
Read moreApril 15, 2021 7:47 am
Dollar General Corp (DG) on Wednesday announced plans to hire up to 20,000 workers this spring. It is the latest company to announce a hiring spree, with more segments of the US economy re-opening and fiscal stimulus kicking in. In a statement, the US company said that hiring events would be hosted later in April […]
Read moreApril 14, 2021 10:49 am
Goldman Sachs Group Inc (GS) said on Tuesday that it intended to open a new office in the city of Birmingham, as it seeks to expand its office space in Britain at a moment when other banks are doing quite the opposite because of the coronavirus crisis. According to Goldman, the first employees are to […]
Read moreApril 14, 2021 7:53 am
According to a statement by Toshiba Corp. (6502), one of its key shareholders is calling for the consideration of other offers from potential suitors following CVC Capital Partners’ buyout bid of $20 billion. US hedge fund Farallon Capital Management said that the Japanese company should consider “the privatisation proposal in a sincere manner through a […]
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