October 2023 – Page 60 – UAG Trade Asia

Birkenstock the Latest Shoe IPO to Drop in a Tough Market

October 5, 2023
Business
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250yearold company to list in New York next week Sandal maker has broadened range to clogs and boots Company backed by LVMHaffiliated private equity firm Oct 5 Reuters Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to attract new shoppers amid a cost of […]

October 5, 2023
Business
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PARIS, Oct 5 Reuters Casino said on Thursday that it had finalised a binding lockup agreement to restructure its debt with creditors led by Czech billionaire Daniel Kretinsky, to avert bankruptcy. Casino, which was brought to the verge of default after years of debtfuelled deals and recent losses in market share to rival supermarket groups, said […]

October 5, 2023
Finance
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Oct 4 Reuters Most stock markets in the Gulf ended lower on Wednesday tracking oil prices and global shares lower as investors bet that interest rates will remain persistently high, boding ill for the world economy. A growing sense that interest rates in major economies will stay higher for longer to contain inflation, ever resilient […]

October 5, 2023
Finance
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U.S., European, Japanese bond rout deepens 10year Treasury yields hit 16year high above 4.88 Wall Street mixed, Euro STOXX 600 lower NEW YORKLONDON, Reuters A rout in government bond markets deepened early on Wednesday with benchmark U.S. yields hitting fresh 16year highs as investors bet that persistently high interest rates will slow world growth and dampen […]

October 5, 2023
Finance
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JOHANNESBURG, Oct 5 Reuters The South African rand weakened in early trade on Thursday, giving up some earlier gains after U.S. Treasury yields slipped from 16year highs. At 0728 GMT, the rand traded at 19.4200 against the dollar , about 0.4 weaker than its previous close. The dollar last traded around 0.04 stronger against a […]

October 5, 2023
Finance
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LONDONTOKYO, Oct 5 Reuters The yen and euro received some much needed relief on Thursday as the dollar and U.S. Treasury yields both stalled after U.S. private payrolls growth slowed sharply, leading investors to reduce bets the Federal Reserve will hike rates again this year. After touching an 11month high earlier this week, the dollar […]

October 5, 2023
Finance
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Oct 5 Reuters The Russian rouble hovered around 99.5 to the dollar on Thursday, struggling to pull away from the 100 threshold it breached earlier this week, hurt by reduced foreign currency supply from exporters early in the month. At 0818 GMT, the rouble was unchanged against the dollar at 99.60 and steady at 104.72 […]

October 5, 2023
Uncategorized
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Reuters Electricvehicle maker Rivian Automotive on Wednesday said it plans to sell convertible green bonds worth 1.5 billion and forecast quarterly revenue to rise in line with estimates. The Irvine, Californiabased company39;s shares fell nearly 8 in afterhours trading. Convertible bonds can be dilutive when converted into shares and are typically seen negatively by investors when […]

October 5, 2023
Uncategorized
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Increase due to doubledigit gain in rice prices Sept CPI opens the door to further interest rate hikes MANILA, Oct 5 Reuters Consumer prices in the Philippines rose for a second month in September, increasing the pressure on the central bank to resume raising interest rates. A doubledigit gain in the price of rice drove […]

October 5, 2023
Uncategorized
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COLOMBO, Oct 5 Reuters Sri Lanka39;s central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks to lift revenue and repair its balance sheets in a bid to secure continued financial support from the International Monetary Fund. The Central Bank of Sri Lanka CBSL lowered the standing deposit facility […]

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Birkenstock the Latest Shoe IPO to Drop in a Tough Market

Retailer Casino Seals LockUp on Debt Rescue Deal Led by Czech Billionaire Kretinsky

Most Gulf Markets Track Oil, Global Shares Lower

Global Bond Rout Deepens before Receding on Relief Rally

South African Rand Slips against the Dollar

USD Dented by Private Payrolls Report in Reprieve for JPY, EUR

Russian Rouble Hovers Close to 100 vs Dollar

EV Maker Rivian Plans 1.5B Convertible Bond Sale, Shares Fall

Philippines Inflation Rate Quickens for 2nd Month on Rice Gains

Sri Lanka Resumes Rate Cuts to Boost Growth, Inflation Cools

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