(Reuters) -Transportation finance and logistics company CAI International Inc said on Thursday it has agreed to a $1.1 billion takeover by Mitsubishi HC Capital Inc, as the Japanese financial firm expands its overseas operations. The deal consists of $104 million worth of preferred stock and $986 million of common stock equity value, and has an enterprise value of $2.9 billion, […]
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FILE PHOTO: A person walks past in front of the headquarters of Brazil’s power company Eletrobras in Rio de Janeiro, Brazil January 3, 2019. REUTERS/Pilar OlivaresBRASILIA (Reuters) – Brazil’s Senate voted on Thursday to approve the basic text of a bill allowing the privatization of state-controlled energy giant Eletrobras, but the measure must return to the lower house for final […]
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The prices of commodities were falling sharply on Thursday, cutting into months of gains and weighing on equity markets, as China takes steps to cool off rising prices and the U.S. dollar strengthens. The decline in commodities was widespread, with futures prices for palladium and platinum falling more than 11% and 7%, respectively, along with declines of nearly 6% for […]
Read moreGold futures fell to their lowest close in about one-and-a-half months on Thursday as the dollar climbed higher after the Fed forecast rate hikes by 2023. The dollar index rose to a two-month high at 92.01 a little past noon, and despite paring some gains subsequently, was still fairly high up at 91.83, gaining 0.77% from Wednesday’s close. Meanwhile, the […]
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FILE PHOTO: The logo of Spanish energy, construction and services conglomerate Acciona, is seen during company’s annual shareholders meeting in Alcobendas, outside Madrid, May 10, 2016. REUTERS/Sergio PerezMADRID (Reuters) – Spanish energy and infrastructure group Acciona said on Thursday it was targeting a valuation of up to 9.8 billion euros ($11.66 billion) for its energy business following the listing of […]
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NEW YORK (Reuters) – The dollar jumped on Thursday and hit a two-month high against a basket of currencies, a day after U.S. Federal Reserve officials surprised markets by projecting a hike in interest rates and end to emergency bond-buying sooner than expected.FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, […]
Read moreFRANKFURT (Reuters) – German blank check firm 468 SPAC said on Thursday it had entered exclusive negotiations to buy children’s entertainment firm Boxine for about 1 billion euros ($1.2 billion). The price is based on a post-money valuation, or the value after new capital injections from investors. 468 SPAC, which was set up by German tech entrepreneurs, has signed a […]
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FILE PHOTO: A gas station attendant pumps fuel into a customer’s car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS/Afolabi Sotunde/File PhotoLONDON (Reuters) – The International Monetary Fund said on Thursday it was concerned by Nigeria’s move to renew fuel subsidies and urged the government to continue efforts to unify its exchange rates. Africa’s largest […]
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LONDON (Reuters) – A hawkish shift at the U.S. Federal Reserve has ended a weeks-long rally in bond markets, but don’t bet on a repeat of the sharp selloff seen earlier this year just yet.FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File PhotoU.S. 10-year bond yields are back above 1.5%, near two-week […]
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