Italy Lender CDP Prepares TIM CounterOffer with Macquarie

ROME, Feb 8 Reuters Italian state lender Cassa Depositi e Prestiti CDP and Australian fund Macquarie are preparing a counteroffer for Telecom Italia39;s TIM network assets worth about 20 billion euros 21.46 billion, Il Messaggero newspaper reported on Wednesday. The move would be a response to U.S. investment firm KKR, which last week filed its own […]
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Fitch Raises Chinas Growth Forecast to 5 for 2023

Feb 8 Reuters Rating agency Fitch has revised its forecast for China39;s economic growth in 2023 to 5.0 from 4.1 previously as consumption and broader activity are recovering faster than initially anticipated after the end of the zeroCOVID regime. Fitch said the recovery will be primarily led by consumption, noting that many highfrequency indicators have […]
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Rupee Eyes RBI Policy Decision, Weighs Powells Comments

MUMBAI, Feb 8 Reuters The Indian rupee is likely to open little changed to the U.S. dollar on Wednesday, with traders weighing comments from Federal Reserve Chair Jerome Powell and awaiting the Reserve Bank of India39;s policy decision. The nondeliverable forwards indicate an opening of 82.6882.74 for the rupee , compared with 82.70 in the […]
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Dollar Retreats as Powell Sticks to Usual Fed Playbook

SINGAPORE, Feb 8 Reuters The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell showed little sign of a hawkish pushback against a resilient labour market in the United States, raising hopes that interest rates may not rise much further. In a questionandanswer session before the Economic Club of Washington on Tuesday, Powell acknowledged that interest […]
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Istanbul Bourse Suspends Trading after Main Index Drops 7

Feb 8 Reuters Turkey39;s Borsa Istanbul suspended trading on its equity and derivatives markets after two marketwide circuit breakers failed to stop a slide in the main index, which fell 7 within the first hour of trading. Trading in Equity Market and Single Stock Index Futures and Options Contracts in the Derivatives Market has been […]
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IONOS Shares Slip Below IPO Price at Start of Trading

LONDON, Feb 8 Reuters Shares in German web hosting company IONOS dipped below the price of its initial public offering IPO on Wednesday after Europe39;s first major stock market debut since Porsche in September. Shares started trading at 18.40 euros apiece and were changing hands at around 18.00 in morning trading. Books closed on Tuesday with […]
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