Bloomberg Markets :press: 1 year ago

ABN Amro Is Latest Bank to Suffer Breach After Hack at Supplier ABN Amro Bank NV became the latest European lender to suffer a data breach through one of its suppliers as criminals seek to exploit weaker links adjacent to banking. #press https://www.bloomberg.com/news/articles/2024-05-24/abn-amro-is-latest-bank-to-suffer-breach-after-hack-at-supplier?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Ukraine Aid From Russian Assets Is Moving Forward in G-7 Draft Group of Seven finance ministers will lay the groundwork for using the profits from frozen Russia assets to help Ukraine, according a draft of the communique that they’re set to sign off on Saturday. #press https://www.bloomberg.com/news/articles/2024-05-24/ukraine-aid-from-russian-assets-is-moving-forward-in-g-7-draft?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

MoneyGram Misses Deadline on $398 Million Leveraged Loan Deal MoneyGram International Inc. failed to convince lenders to slash its borrowing costs on a leveraged loan before a deadline Thursday, according to people with knowledge of the matter. #press https://www.bloomberg.com/news/articles/2024-05-24/moneygram-misses-deadline-on-398-million-leveraged-loan-deal?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Japan to Take Appropriate Steps on Excessive FX Moves, Kanda Says Japan’s top currency official Masato Kanda reiterates his stance to take appropriate steps against excessive currency moves. #press https://www.bloomberg.com/news/articles/2024-05-24/kanda-says-japan-to-take-appropriate-steps-on-excessive-fx-moves?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Meloni Blames Sky-High Debt on Italy Instability in Reform Push Giorgia Meloni linked Italy’s mammoth debt to its history of unstable governments, a preview of how she will argue in a future referendum for premiers such as herself to get a stronger mandate. #press https://www.bloomberg.com/news/articles/2024-05-24/meloni-blames-sky-high-debt-on-italy-instability-in-reform-push?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Turkish Reserve Buildup Is Remedy for Lira With Bad Side Effects Turkey’s central bank, once criticized for selling reserves to prop up the lira, is now trying to do the opposite to prevent the currency from gaining too much. #press https://www.bloomberg.com/news/articles/2024-05-24/turkish-reserve-buildup-is-remedy-for-lira-with-bad-side-effects?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Royal Mail Owner Reports Loss After Welcoming Takeover Bid The embattled owner of Britain’s Royal Mail reported another annual loss, days after welcoming a £3.5 billion ($4.5 billion) bid from Czech billionaire Daniel Kretinsky. #press https://www.bloomberg.com/news/articles/2024-05-24/royal-mail-owner-reports-loss-after-welcoming-takeover-bid?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Uncorking Washington: Opening the French Ambassador's wine cellar French Ambassador to the US Laurent Bili invites Bloomberg Television's Joe Mathieu inside to the wine cellar at his residence, for a conversation about how wine intersects with policy and culture in Washington. (Source: Bloomberg) #press https://www.bloomberg.com/news/videos/2024-05-24/uncorking-washington-the-french-ambassador-s-wine-cellar-video?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Investors Hedging Record Stocks Struggle as Options ‘Just Die’ In a bull market with no crashes, no sudden spikes in volatility and no lasting correction, cautious investors are struggling to find effective ways to hedge their positions. #press https://www.bloomberg.com/news/articles/2024-05-24/investors-hedging-record-stocks-struggle-as-options-just-die?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Julius Baer Is Said to Weigh Potential Deal for Swiss Rival EFG Julius Baer Group Ltd. is exploring a potential acquisition of rival Swiss private bank EFG International AG, people with knowledge of the matter said. #press https://www.bloomberg.com/news/articles/2024-05-24/julius-baer-is-said-to-weigh-potential-deal-for-swiss-rival-efg?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

A Euro-Zone Inflation Hiccup Is Unlikely to Thwart ECB Rate Cut A probable pickup in euro-zone inflation this month is unlikely to derail the juggernaut of an imminent interest-rate cut by the European Central Bank. #press https://www.bloomberg.com/news/articles/2024-05-24/a-euro-zone-inflation-hiccup-is-unlikely-to-thwart-ecb-rate-cut?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Nvidia Stock Split Looks to Be First of Many in Tech, BofA Says Nvidia Corp. delighted investors when it announced a 10-for-1 stock split earlier this week. The move may be the start of a trend, as several prominent tech companies trade at prices high enough to tip the scales toward similar splits, according to a note from Bank of America. #press https://www.bloomberg.com/news/articles/2024-05-24/nvidia-s-split-could-be-followed-by-others-in-tech-bofa-says?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

India’s Top Power Producer’s Profit Drops on Higher Tax Expense India’s largest power producer NTPC Ltd.’s fourth-quarter profit dropped on account of a jump in tax expenses, even as electricity sales rose. #press https://www.bloomberg.com/news/articles/2024-05-24/india-s-top-power-producer-s-profit-drops-on-higher-tax-expense?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Colombia Bonds, Peso Drop After Petro Threats Over Debt Ceiling Colombia’s bonds and currency dropped after President Gustavo Petro threatened to “cease payments” if lawmakers refuse to approve an increase in the nation’s debt ceiling. #press https://www.bloomberg.com/news/articles/2024-05-24/colombia-bonds-peso-drop-after-petro-threats-over-debt-ceiling?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Nagel Says ECB Can Probably Cut Rates in June Bundesbank President Joachim Nagel says if the European Central Bank cuts interest rates in June, as many expect, the next rate cut should not come until September. He speaks to Bloomberg’s Oliver Crook at the Group of Seven meeting in Stresa, northern Italy. #press https://www.bloomberg.com/news/videos/2024-05-24/nagel-says-ecb-can-probably-cut-rates-in-june-video?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Gold Going Strong Even Without Lift From Key Group Merk Investments founder, president and chief investment officer Axel Merk explains why gold continues to perform well in global markets and examines the broader trends related to investing in precious metals. Axel speaks with Tom Keene Damian Sassower on Bloomberg Radio. Get more on the Bloomberg... #press https://www.bloomberg.com/news/videos/2024-05-24/gold-going-strong-even-without-lift-from-key-group-video?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Nagel Says ECB Should Wait for September to Do Second Rate Cut The European Central Bank should probably wait until September for any subsequent interest-rate cut after it begins reducing borrowing costs in June, Bundesbank President Joachim Nagel said. #press https://www.bloomberg.com/news/articles/2024-05-24/nagel-says-ecb-should-wait-for-september-to-do-second-rate-cut?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Lilly to Invest $5.3 Billion for Weight-Loss Drug Supply Eli Lilly & Co. will spend $5.3 billion to boost production of a key ingredient in its weight-loss and diabetes shots after the treatments’ explosive popularity led to shortages. Simone Foxman reports. #press https://www.bloomberg.com/news/videos/2024-05-24/lilly-to-invest-5-3-billion-for-weight-loss-drug-supply-video?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

UAE Set to Hit Oil Capacity Target Year Earlier Than It Forecast The United Arab Emirates is on course to achieve its full oil capacity target more than a year earlier than expected. #press https://www.bloomberg.com/news/articles/2024-05-24/uae-set-to-hit-oil-capacity-target-year-earlier-than-it-forecast?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Fed’s Waller: Fiscal Spending May Pressure Neutral Rate Federal Reserve Governor Christopher Waller warns that the “unsustainable fiscal path” of the US could put upward pressure on the neutral rate during a speech at the Reykjavik Economic Conference in Iceland. #press https://www.bloomberg.com/news/videos/2024-05-24/fed-s-waller-fiscal-spending-may-pressure-neutral-rate-video?utm_source=press.coop