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Europes MessageBird to Buy U.S. Email Company SparkPost

AMSTERDAM Reuters MessageBird, one of Europes fastestgrowing software companies, said on Wednesday it had agreed to buy email giant SparkPost for 600 million in a deal that will increase its sales by around 50 and expand its client base in the United States. MessageBird also announced one of the largest financing rounds for a European […]
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SEB Profit Beats amid Brightening Economic Outlook

STOCKHOLM, April 28 Reuters Swedish bank SEB reported a betterthanexpected net profit for the first quarter on Wednesday after it slashed provisions for bad debts amid an improving economic outlook and tapped into a boom in trading on markets. Over the last year Swedens banks, some of the best capitalised in the world, have defied […]
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Oil Buoyeds by OPEC Confidence, Traders await Storage Data

Oil futures pushed higher Wednesday, finding support after the Organization of the Petroleum Exporting Countries and its allies stuck with plans to continue gradually easing production curbs, signaling confidence in the demand outlook despite a surge in COVID19 cases in India. West Texas Intermediate crude for June delivery rose 54 cents, or 0.9, to 63.48 a […]
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BainLed Consortium to Buy Hitachi Metals for 7.5 Billion

TOKYO Reuters A consortium led by global private equity firm Bain Capital will buy all the shares of Hitachi Metals Ltd for 817 billion yen 7.5 billion, Hitachi Ltds metals subsidiary said on Wednesday. For Hitachi, which currently owns 53 of Hitachi Metals, the deal is the latest divestiture in a decadelong business overhaul to […]
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Japan Shares Inch Up, Corporate Outlook Worries Cap Gains

TOKYO, April 28 Reuters Japanese shares rose on Wednesday, led by technology stocks, although gains were capped by concerns about corporate outlook, while investors awaited a decision by the U.S. Federal Reserve and President Joe Bidens address to Congress. The Nikkei share average inched up 0.29 to 29,075.62 by 0208 GMT, while the broader Topix […]
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Fed Softness will Break the Dollar

Markets are trading flat in anticipation of Fed Chairman Powells speech. FOMC comments and hints of future policy changes could also shape the dollar over the coming months. Market observers are once again cautiously waiting for a change in the tone of commentary following solid labour market data, record growth in manufacturing activity and a […]
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