Reuters Torontobased semiconductor group Alphawave said on Thursday it was planning to apply for a London listing of its shares, adding that the cornerstone agreement with certain investors gave it a valuation of up to 4.5 billion. The initial public offering would include issuing new shares, raising roughly 500 million, as well as an offer […]

LONDON, April 22 Reuters Sterling slipped on Thursday in quiet currency market trade ahead of a European Central Bank meeting, while investors weighed up the outlook for an economic recovery from COVID19 in the UK. After a short squeeze at the start of April, the pound has strengthened against the dollar in recent weeks a […]

LONDON, April 21 Reuters Foreign investors relatively high exposure to Russian equities and the sectors heavy focus on energy could add to pressure on the countrys stocks, which have struggled to weather recent political storms, analysts said. Russias MSCI equity index has crept some 3 higher since the start of the year, not too far […]

LONDON, April 21 Reuters Supplies of copper scrap will jump this year due to decade high prices, but are unlikely to come fast enough to meet robust demand, leaving shortages that are expected to trigger stock draws and further price gains. Copper prices around 9,400 a tonne are close to 9,617 hit in February, the […]

HONG KONG Reuters Hong Kongbased online brokerage Futu Holdings Ltd has raised 1.24 billion by selling new shares at 130 a piece to help expand its margin financing business, two people with direct knowledge of the matter told Reuters. The price was set on Wednesday in Hong Kong, the people said, after the stock collapsed […]

April 21 Reuters Londons FTSE 100 rebounded from a 2 fall in the previous session to edge higher on Wednesday as commodity stocks gained, while Just Eat Takeaway.com slipped to the bottom of index following Uber Eats plan to foray into the German market. The bluechip index rose 0.4, with oil majors BP Plc and […]

European stocks bounced back on Wednesday after their worst selloff this year as optimism about a strong earnings season countered worries about a rapid rise in COVID19 cases in some countries. Tech stocks were the top gainers, up 1.3, with semiconductor equipment maker ASML jumping 4.7 after it raised its fullyear sales forecast, citing strong […]

The U.S. dollar rose on Wednesday from a sevenweek low hit overnight, as broad weakness in stock markets triggered by a resurgence of COVID19 cases in countries from India to Japan fuelled renewed appetite for the safehaven appeal of the greenback. The safety bid also supported the Swiss franc and the Japanese yen as the […]

LONDON, April 21 Reuters Sterling held its ground against the dollar on Wednesday as traders assumed a rise in inflation in March would have little impact on monetary policy and waited for crucial activity and retail sales data due at the end of the week. Consumer price inflation rose to 0.7 in March after dipping […]

TOKYO, April 21 Reuters Japanese shares extended a steep fall on Wednesday as fears of possible coronavirusrelated lockdowns in Japans biggest cities cast doubts over the prospects of an economic reopening. Nikkei share average tumbled 2.23 to 28,451.64, while the broader Topix fell 2.24 to 1,881.11, after losing the most in about a month in […]