Bloomberg Bridge: The low-lift, high-value all-to-all trading model
Bloomberg’s new ‘Bloomberg Bridge’ offering has launched in Europe and has scaled its enabled user base into the thousands.
Pepco Group Annual Profit Jumps 14.3 on Store Expansion
LONDON, Dec 13 Reuters Pepco Group, owner of European discount retailer brands PEPCO, Poundland and Dealz, reported a 14.3 rise in annual core earnings on Tuesday, helped by the opening of 516 new stores, and forecast more growth in its new financial year. The group, which listed on the Warsaw stock market last year, said […]
Australia Consumer Mood Less Bleak on Hope for Rate Hike Relief
SYDNEY, Dec 13 Reuters A measure of Australian consumer sentiment bounced from near record lows in December as borrowers sensed a painful cycle of interest rate rises was nearing an end, lifting the outlook for house prices. The WestpacMelbourne Institute index of consumer sentiment released on Tuesday rose 3.0 in December, recovering some of November39;s […]
Australian Firms Turn Pessimistic even as Business Remain Brisk
SYDNEY, Dec 13 Reuters Australian businesses turned in a pessimistic outlook for the first time this year in November as they worried about inflation and higher interest rates taking a toll on consumers in the period ahead, even sales and profitability remained robust. Tuesday39;s survey from National Australia Bank Ltd NAB showed its index of business […]
U.S. FDA Approves Miratis Lung Cancer Drug
Dec 12 Reuters The U.S. Food and Drug Administration approved Mirati Therapeutics Inc39;s lung cancer drug adagrasib, the company said on Monday, sending its shares up more than 8 in extended trading. Mirati39;s drug has been approved for treating adult patients with advanced lung cancer as determined by an FDAapproved test, who have received at least […]
Generali Ups Expected Profit Boost from Cattolica Takeover
MILAN, Dec 13 Reuters Italy39;s biggest insurer Generali on Tuesday raised the projected boost to its earnings from last year39;s purchase of smaller rival Cattolica, and ruled out negative impacts from new accounting standards. Generali now expects to achieve pretax synergies of 120130 million euros 127137 million by 2025 from the takeover of Cattolica, compared to […]
Dollar’s Post-CPI Tumble Already Leveling Out as Focus Shifts to FOMC
Following a further slowdown in US inflation data, the Dollar has extended its slide to test lows not seen in six months. For a number of the ‘majors’ this move has translated into notable technical breaks. However, with the FOMC rate decision still ahead, it would be wise not to assume trend.
Asia technology hardware & semis: 2023 outlook in six charts
A shifting supply chain will be the overarching theme for the global technology industry in 2023.
ESG’s real problem is a lack of data, fixed-income pros say
As the debate heats up over ESG investing, fixed-income professionals say they need more data than what’s currently out there.
Microsoft-LSEG partnership aimed at cloud modernization
Microsoft’s vast array of software applications makes it a key beneficiary of the growing digital shift as companies upgrade their legacy IT footprints.