UBS share trading stopped temporarily on 27th September after falling by nearly 8%. This occurred in the wake of a Bloomberg news report about a current US Department of Justice probe into the possibility that the financial institution failed to comply with sanctions and, in doing so, helped Russian clients side-step the sanctions. In light…
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Reuters reports that Evergrande has sought creditors’ approval to reorganise its offshore debts. A probe into the main China unit, however, complicated this endeavour. The newsagent indicated how a group of offshore debtors planned to obtain a legal petition to liquidate the developer if it did not restructure its debt repayment plan. On Friday, 29th…
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After just missing a 16-year high, US GDP data has shown yields to be marginally smaller than expected for September. The retreat in yields has allowed risk assets some breathing space, but with the 10-year note still above the 4.5% level, investors are anxious about a downward spiral in October due to Index uncertainty. Market…
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The company, which specialises in coal and steel mining and production and supply chain, particularly in Chhattisgarh, climbed 5% due to backing from its new commercial mine in Bhaskarpara. Its stock gained 6.34% in the last week and 53.56% in the last month. The new Stage-1 commercial project is currently waiting for the approval of…
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The company plans to list approximately 19.2 million shares for between $27 and $29 each, a $2 raise from its earlier indication of between $25 and $27. Nearly 20 times oversubscribed on the back of investor interest, experts are predicting a strong start on the New York Stock Exchange (NYSE). The positive response to the…
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The workforce of Gorgon and Wheatstone Australia supply 5% of global gas, and as of Thursday, they extended their strike over the initially agreed six days. According to industry experts, workers’ unions can continue to strike for up to 24 hours each day and refuse to load tankers and shipments. Norway, however, is determined to…
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Analysts estimate the company is worth roughly $54.4bn at this price. Softbank also received praise for its conservative approach to the IPO. Oversubscribed by more than 10 times, the group stayed its course and did not push for a higher share price. As investor interest exceeded share supplies at a price range between $47 and…
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The most important economic data for this week are: Tuesday: US Job openings at 14:00 GMT for the month of July where market expects the figure to drop from 9.58 million to 9.57 million. Wednesday: Preliminary German inflation rate is expected to decline to 6% against the previous reading of 6.2%. Thursday: NBS Manufacturing PMI…
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Stocks aren’t the only European market to witness movement this morning; real estate and rental markets are showing a plateau, with UK real estate company Rightmove, reporting a slowing down of the 1.9% year-over-year drop that tackled the beginning of August. However, this news, alongside a profit warning from real estate construction company Crest Nicholson…
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Samuel Tomb, Chief UK Economist at Pantheon Macroeconomics noted the reduction in online sales in the first 2 weeks of August and argued that the current economic stagnation is brief and rectifiable. Tomb stated: We continue to expect households’ real disposable income to rise briskly and to be about 2.0% higher in Q4 than a…
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