Reuters Beacon Street Group will go public through a merger with blankcheck firm Ascendant Digital Acquisition Corp, in a deal that pegs the financial research subscriptions services proforma enterprise value at 3 billion. The cash portion of the deal, announced on Tuesday, will be financed by the 414 million raised in an initial public offering […]

TOKYO, March 2 Reuters Japans powerful lower house on Tuesday passed a record 1 trillion budget for the coming financial year, and lawmakers are already debating further stimulus to cope with the economic fallout from the coronavirus pandemic. Like many other nations, Japan has spent heavily to counter the pandemic. The budget for the year […]

Rates as of 0500 GMT Market Recap The theme in the market nowadays has been the fight between the market and the central banks over the likely path of monetary policy. Simply put, the market doesnt believe the central banks pledges to keep rates steady until X, Y or Z. Traders think the recovery is […]

TOKYO, March 2 Reuters Japanese stocks reversed course to close lower on Tuesday, as some investors cashed in on the indexes sharp rally in the runup to the fiscal yearend this month. Investors will close their books as the fiscal year ends on the last day of March and many market participants are looking to […]

TOKYO, March 2 Reuters Yields on Japanese government bonds fell on Tuesday after an auction of 10year notes received solid demand, easing concerns about a recent global selloff in sovereign debt. Benchmark 10year JGB futures rose 0.27 point to 151.08, with a trading volume of 29,280 lots. The 10year JGB yield fell 2 basis points […]

SYDNEY, March 2 Reuters The Australian dollar eased on Tuesday as the central bank sought to calm nervous bond markets by recommitting a pledge to keep buying bonds, and reassuring that faster growth will not lead to an early tightening cycle. The Aussie was 0.12 lower 0.7760 at midday on Tuesday, and down 3 from […]

SYDNEY, March 2 Reuters Australias central bank on Tuesday affirmed its pledge to keep interest rates at historic lows as policymakers battle to stop surging bond yields disrupting the countrys surprisingly strong economic recovery. Concluding its March board meeting, the Reserve Bank of Australia RBA kept rates at 0.1 and committed to maintaining its highly […]

Gold futures headed higher Monday to start the month of March with a gain, as pause in the rise of U.S. Treasury yields prompted prices for the metal to stage a partial rebound in the wake of four consecutive session declines. Gold has found support from heavy bargain hunting as well as a pause in […]

Reuters Rocket Lab USA is nearing a deal to go public through a merger with a specialpurpose acquisition company Vector Acquisition that would value the smallsatellite launch firm at 4.1 billion, including debt, the Wall Street Journal reported. The deal could be finalized on Monday, the newspaper reported, citing people familiar with the matter. Vector […]

LONDON, March 1 Reuters Benchmark German government bond yields dropped for a second consecutive session on Monday as investor sentiment improved after reflationary bets led bond markets to their biggest monthly selloff in years. The rise in bond yields last month, spurred by U.S. fiscal stimulus hopes and a postpandemic economic rebound that could fuel […]