European Stocks Pause near Record High, UK Outperforms

European stocks hovered near record highs on Wednesday supported by gains in real estate and telecom shares, while optimism over speedy vaccination drives and a weaker pound helped UK equities outperform. The panEuropean STOXX 600 index was flat, trading just below the record closing high of 435.26 points on Tuesday. UKs exporterheavy FTSE 100 gained […]
Read More

Japanese Shares End Higher on BargainHunting

TOKYO, April 7 Reuters Japanese shares closed higher on Wednesday after posting their biggest drop in nearly two weeks in the previous session, while stocks of electronics makers gained after Toshiba Corp received a proposal to go private in a 20 billion deal. The benchmark Nikkei share average ended up 0.12 at 29,730.79, while the […]
Read More

German Labs Group Synlab to Float on Stock Market

BERLIN, April 7 Reuters German laboratory services group Synlab said on Wednesday it planned to float on the stock market, offering investors exposure to a coronavirus testing boom and the consolidation of Europes fragmented healthcare landscape. Sources familiar with the matter have said that Synlab, owned by private equity group Cinven, could fetch a valuation […]
Read More

Mexican UsedCar Startup Kavak Hits 4 Billion Valuation

MEXICO CITY, April 7 Reuters Mexican usedcar platform Kavak has reached a 4 billion valuation after raising 485 million in new funding, it told Reuters this week, making the fastexpanding company one of the most highly valued startups in Latin America. Kavak, which was founded in 2016 and is backed by Japans SoftBank Group Corp, […]
Read More