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Indias Vedanta Ltd Declares 2nd Interim Dividend for FY24

BENGALURU, Dec 18 Reuters India39;s Vedanta Ltd on Monday declared a second interim dividend of 11 rupees per share for fiscal 2024, amounting to 40.89 billion rupees about 492 million. The dividend comes at a time when UKbased parent Vedanta Resources grapples with multiple rating downgrades stemming from worries over outstanding dues, including a 4.5 billion payment due […]
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Julius Baers Signa Losses could Reach 460 M, says Analyst

ZURICH, Dec 18 Reuters Julius Baer39;s exposure to toppled property group Signa could result in losses that far exceed the provisions taken by the Swiss wealth manager, an analyst said on Monday. We have increased our expectation for credit losses to 400 million Swiss francs 460.7 million on the mentioned exposure, Zuercher Kantonalbank analyst Michael Klien […]
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Golden Goose IPO to Raise about 1.1 bln, Sources Say

LONDONMILAN, Dec 18 Reuters Luxury fashion group Golden Goose plans is looking to raise about 1 billion euros 1.1 billion from an initial public offering IPO in Milan, three people close to the matter told Reuters. The company39;s majority owner, buyout group Permira, has enlisted seven banks to underwrite what is set to be one […]
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Swedes Support Tesla Mechanics Strike, Poll Shows

STOCKHOLM, Dec 18 Reuters Most Swedes support an ongoing mechanics strike at Tesla39;s workshops in the Nordic country over the right to collective bargaining, an opinion poll by Novus showed. The U.S. car maker is facing a backlash from unions and pension funds across the Nordic region over its refusal to accept the demand from trade union IF […]
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Origin Increases Stake in UKs Octopus Energy for 305 mln

Dec 18 Reuters Australia39;s Origin Energy on Monday increased its stake in UKbased renewable energy firm Octopus Energy by 3 to 23, by investing 280 million euros 305.8 million. Origin is investing alongside existing major investors Canada Pension Plan Investment Board CPP and Generation Investment Management GIM, it said in a statement. CPP will invest 300 […]
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Indias Siemens to Explore Energy Business SpinOff

BENGALURU, Dec 18 Reuters India39;s Siemens Ltd will explore a spinoff of its energy business at the behest of some of its stakeholders, the electrical appliancesmaker said on Monday, sending its shares to a record high. Its board also approved the incorporation of a unit in the financial hub of Mumbai, if and when the company […]
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PMIs Devastating for Eurozone, Output Expansion for U.K, U.S. Business Activity Growth

Previous Trading Days Events 15 Dec 2023 The downturn in Eurozone business activity deepens to critical levels according to surveys, indicating that the Eurozone is almost certainly in recession. Reports showed that activity is deteriorating in both Germany and France and across services and manufacturing. We have two consecutive quarters of economic contraction, meeting the […]
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Shipping Stocks Extend Rally as Red Sea Traffic Paused

MILAN, Dec 18 Reuters Shipping stocks kept rising across Europe on Monday after A.P. MollerMaersk and other top freight firms paused journeys through the Suez Canal following attacks on vessels in the Red Sea by Houthi militants in Yemen. Traders bet a prolonged disruption to the key route, which allows EastWest trade without the time and expense of […]
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Indian Shares Subdued as Financials, IT Snap Rally

BENGALURU, Dec 18 Reuters India39;s Nifty 50 and Sensex fell on Monday after rallying to record highs for most of this month as highweightage banks and information technology IT stocks took a breather after a recent rise. The benchmark NSE Nifty 50 index lost 0.14 to 21,427.45 points, while the SP BSE Sensex shed 0.22 to 71,324.67, […]
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