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ABN Amro Buys LossMaking Online Brokerage Bux

AMSTERDAM, Dec 14 Reuters ABN Amro said on Thursday it was buying online brokerage Bux for an undisclosed sum to increase its market presence with younger investors. The companies said Bux has around 500,000 users in northern Europe. ABN said the acquisition would have a minor impact on its Tier 1 capital ratio. Bux was […]
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Telenor to Sell Pakistan Telecoms Unit for 490 mln

OSLO, Dec 14 Reuters Norway39;s Telenor said on Thursday it had agreed to sell its Pakistan unit to state group Pakistan Telecommunications in a transaction valuing the unit at 5.3 billion Norwegian crowns 490 million. The Norwegian group has been restructuring its Asian businesses, building bigger units in Thailand and Malaysia via local mergers, and had said […]
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Nasdaq Resolves System Error Affecting Stock Orders

Dec 13 Reuters Exchange operator Nasdaq on Wednesday resolved a system issue that impacted stock orders and affected over 50 clients after rolling back the concerned application to a previous version, according to a notice on its website. The incident started around 1431 ET 1931 GMT on Dec. 13 after the Nasdaq39;s 39;FIXRASH order39; handling system […]
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Indias Nifty, Sensex Hit new Highs, Fed Spurs Global Rally

BENGALURU, Dec 14 Reuters India39;s benchmark indexes advanced to new alltime highs on Thursday as a global rally spilled over to regional markets after the U.S. Federal Reserve flagged the end of its tightening cycle and bolstered expectations of a rate cut in March 2024. The NSE Nifty 50 index rose 1.15 to 21,167.05 points, while […]
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Argentinas Surging Prices Add Urgency to new Presidents Plan

BUENOS AIRES, Dec 13 Reuters The relentless pace of creeping prices in Argentina provides the new president39;s plan for immediate shock therapy little margin for error, with many citizens already wondering how they will survive annual inflation nearing 150. President Javier Milei39;s economy chief laid out the new government39;s initial policy push on Tuesday, targeting deep cuts […]
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