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April 15, 2021

Market Events

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

Swiss watchdog asked Credit Suisse on Greensill risks: SonntagsZeitung

Reuters
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann//File Photo/File Photo ZURICH (Reuters) – The head of Switzerland’s financial regulator FINMA questioned Credit Suisse over risks in its dealings with now-insolvent finance firm Greensill Capital “months” before......

China’s Alibaba hit with record $2.75 billion antitrust fine

Reuters
(Reuters) – Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company and other technology conglomerates. FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front......

Breakingviews – Path out of global tax combat is slowly emerging

Reuters
WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. LONDON (Reuters Breakingviews) – A long slog to make international corporate tax rules fit for the digital age is nearing a breakthrough. Obstacles remain, but a path that gets around them is slowly......

China’s blue-chip index ends lower as healthcare, consumer stocks slip

Reuters
SHANGHAI, April 6 (Reuters) – China’s blue-chip index retreated on Tuesday, pressured by healthcare and consumer companies, as upbeat economic data raised worries of policy tightening. ** The blue-chip CSI300 index fell 0.4% to 5,140.34, while the Shanghai Composite Index was flat at 3,482.97. ** As of last close, the......

Archegos-linked stocks slide as markets eye more unwinding

Reuters
By Sinéad Carew, Matt Scuffham FILE PHOTO: 888 7th Ave, a building that reportedly houses Archegos Capital, is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., March 29, 2021. REUTERS/Carlo Allegri/File Photo (Reuters) – Archegos Capital Management’s ill-fated bets weighed......

3i Infrastructure to buy 60% stake in DNS:NET for 182 million euros

Reuters
(Reuters) – UK-listed investment company 3i Infrastructure said on Thursday it has agreed to invest 182 million euros ($213.23 million) for a 60% stake in German telecommunications provider DNS:NET. 3i Infrastructure, which is buying the stake from private equity fund Deutsche Beteiligungs AG, said it will also provide additional funding......

Big tech lifts equities as Biden rebuilding plan in focus

Reuters
By Herbert Lash, Tom Arnold NEW YORK/LONDON (Reuters) – The dollar hit a one-year high versus the yen and technology stocks led Wall Street and a key gauge of global equities higher on Wednesday, ahead of an announcement by President Joe Biden of a multitrillion-dollar plan to rebuild America’s infrastructure.......

Saudi Aramco private investment plan voluntary, not state imposed, says CEO

Reuters
LONDON, March 31 (Reuters) – Saudi Aramco said on Wednesday the government had no plans to impose private partnerships on the oil giant, after it launched a programme to support private investment in the kingdom as part of Saudi Arabia’s diversification push. “This is a voluntary programme. It’s on the......

Sensex, Nifty fall weighed by financials

Reuters
FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File photo BENGALURU (Reuters) – Indian shares fell on Wednesday, after gaining more than 2% in the previous session, pressured by financial stocks, as rising U.S. Treasury yields renewed concerns of foreign......

Singapore wealth fund buys 2.5% stake in Cellnex from Benetton family

Reuters
MADRID (Reuters) – Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe’s largest mobile phone towers operator Cellnex from Edizione, the Benetton family’s investment firm, Edizione said on Friday evening. Through the acquistion, worth 542 million euros ($638 million), GIC would raise its stake in Cellnex......

Indian shares fall over 1% as financials drag, coronavirus cases spike

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, February 26, 2016. REUTERS/Shailesh Andrade/Files BENGALURU (Reuters) – Indian shares fell on Wednesday, dragged down by financial companies and weakness in global stocks, as worries over the economic impact from a continued surge in......

Robinhood confidentially files for U.S. stock market listing- sources

Reuters
March 23 (Reuters) – Robinhood Markets Inc, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for a U.S. stock market listing, people familiar with the matter said. It was not immediately clear whether Robinhood......

Indian shares fall as financials weigh, COVID-19 cases rise

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, November 9, 2016. REUTERS/Danish Siddiqui/Files BENGALURU (Reuters) – Indian shares edged lower on Monday, weighed down by financial stocks amid rising coronavirus cases in the country, while Asian peers were mixed as a......

South African rand set for weekly gains, stocks fall

Reuters
JOHANNESBURG (Reuters) – South Africa’s rand fell on Friday, but it looked set for weekly gains as riskier currencies broadly received a boost from the U.S. Federal Reserve maintaining its dovish stance. South African Rand coins are seen in this illustration picture. REUTERS/Mike Hutchings/Illustration At 1500 GMT, the rand traded......

Explainer: What rising bond yields mean for markets

Reuters
By Kate Duguid, Karen Brettell NEW YORK (Reuters) – Yields on U.S. Treasuries have surged to their highest level in more than a year from record lows hit in 2020, as Federal Reserve commitments to hold rates near zero for years to come encouraged investors to bet economic growth and......

Indian shares fall on fears of fund outflows; Future Group firms drop

Reuters
A bird flies past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas BENGALURU (Reuters) – Indian shares opened lower on Friday, on continued fears of foreign fund outflows from emerging markets due to rising U.S. Treasury yields, while shares of Future Group companies fell......

UPDATE 1-Coinbase to float about 114.9 million shares in U.S. listing

Reuters
(Adds details on listing, background) March 17 (Reuters) – Coinbase said on Wednesday it had registered about 114.9 million shares for its direct listing on the Nasdaq, setting the U.S. cryptocurrency exchange up for the highest-profile listing from a firm primarily focused on digital currency. Coinbase Global Inc, among the......

KORE to go public via over $1 bln SPAC deal

Reuters
March 12 (Reuters) – KORE Wireless Group Inc said on Friday it has agreed to go public through a merger with blank-check firm Cerberus Telecom Acquisition Corp in a deal that values the combined company at a pro-forma enterprise value of $1.01 billion. (Reporting by Sohini Podder in Bengaluru; Editing......

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