UK Regulator to Consult on Changing Rules for SPACs

LONDON, March 31 Reuters Britains financial regulator said on Wednesday that it is to consult on changes to its listing rules for Special Purpose Acquisition Companies SPACs, following a recommendation from a review commissioned by UK finance minister Rishi Sunak. The Financial Conduct Authority said it will consider introducing a minimum market capitalisation and a […]
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Japan Stocks End Lower as Archegos woes Rattle Financials

Japanese stocks fell on Wednesday as investors sold financial shares due to growing uncertainty over the fallout from the margin calls that brought down New Yorkbased hedge fund Archegos Capital. The Nikkei 225 Index ended 0.86 lower at 29,178.80, while the broader Topix dropped 1.21 to 1,954.00. Mitsubishi UFJ Financial Group Inc fell 3.87. The […]
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AUD, NZD Find some Support from Upbeat Economic News

SYDNEY, March 31 Reuters The Australian and New Zealand dollars steadied on Wednesday as upbeat economic news combined with rising bond yields to support the currencies in the face of broad U.S. dollar gains. The Aussie was holding at 0.7604, having recoiled from a peak of 0.7664 overnight. That left it uncomfortably close to the […]
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IMF Hikes Italian Growth Forecast, Urges Tax Reform

ROME, March 30 Reuters The Italian economy could grow by around 4.25 this year, the International Monetary Fund said on Tuesday, hiking its previous forecast of 3 made in January. The IMF said its new projection, made in a report following an annual visit to Italy, was dependent on COVID19 vaccinations being well advanced by […]
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German March Inflation Surpasses ECB Larget

BERLIN, March 30 Reuters Higher energy prices and supply chain disruptions pushed Germanys annual consumer price inflation in March above the European Central Banks target of close to but below 2, Federal Statistics Office data showed on Tuesday. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by […]
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