Zee says Committed to 10 Billion Merger with Sony India

BENGALURU, Jan 9 Reuters India39;s Zee Entertainment said on Tuesday it was committed to its merger with Sony39;s local arm, after media reports said the Japanese firm was planning to scrap the 10 billion deal. Zee said reports of the deal falling through were baseless and factually incorrect, and that it continues to work towards closing the […]
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Europe Shares Slip on Tech Drag, Markets await Economic Data

Hays slumps on H1 profit warning Eurozone unemployment rate due at 1000 GMT STOXX 600 down 0.2 Jan 9 Reuters European equities slipped on Tuesday, weighed by the losses in technology and financial stocks, with investors anticipating more economic data to assess the European Central Bank39;s monetary policy for the year. The panEuropean STOXX 600 lost […]
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Sterling Slips but Remains Close to 5Month High

LONDON, Jan 9 Reuters The British pound was softer against the dollar on Tuesday but wasn39;t far from a fivemonth high hit late last year on expectations that the Bank of England would cut interest rates later than the Federal Reserve. The pound was last down 0.25 against the dollar at 1.2718. It hit its […]
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IT Rebound, Bajaj Auto Power Rise in Indian Shares

BENGALURU, Jan 9 Reuters India39;s Nifty 50 and Sensex rose on Tuesday, led by a jump in Bajaj Auto after it approved a share buyback, while IT and stateowned bank stocks rebounded after a drop in the previous session. The bluechip NSE Nifty 50 rose 0.48 to 21,617.40 points, while the SP BSE Sensex added 0.46 to 71,673.82, […]
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USD Retreats, BTC Jumps ahead of ETF Approval Deadline

SINGAPORE, Jan 9 Reuters The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the belief that inflation in the U.S. is slowing sufficiently. In cryptocurrencies, bitcoin hovered near its strongest level since April 2022 on growing anticipation of imminent approvals of spot bitcoin […]
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Short Seller Gotham City Questions Grifols Debt Ratios

MADRID, Jan 9 Reuters Hedge fund Gotham City Research on Tuesday alleged the debt ratios of Spanish drug company Grifols are actually much higher than officially reported, thus making its shares uninvestable. Gotham City said Grifols manipulates its reported debt and earnings before interest, taxes, depreciation and amortisation artificially thus reducing its leverage ratio through deceptive […]
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Most Gulf Markets Track Asian Shares Higher

Jan 9 Reuters Most major stock markets in the Gulf rose in early trade on Tuesday tracking Asian shares, as investors look to U.S inflation numbers due this week, which could provide clarity on when the Federal Reserve might start cutting interest rates. Overnight, the New York Fed39;s latest Survey of Consumer Expectations showed that U.S. consumers39; […]
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