January commodities: Downward 2024 tilt
A broad commodity-price recovery is looking increasingly unlikely for 2024.
Basel III endgame, finalizing FRTB implementation
Following the financial crisis of 2008-2009, governments and regulators across the globe took steps to shore up the financial system and bolster oversight of financial institutions.
EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Dec 13, 2023 when EUR/USD traded near 1.09.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
Abu Dhabis IHC Forms new Company with Assets Set to Exceed 27B
DUBAI, Jan 3 Reuters International Holding Company IHC, an Abu Dhabi conglomerate led by a key member of the United Arab Emirates39; ruling family, has formed a new holding company that will hold a 27 billion portfolio across industries from asset management to mining. The portfolio will be transferred into the new entity 2PointZero from […]
Atos says Airbus Offers 1.51.8 Billion Euros for BDS Unit
Atos says also received a second offer for part of the unit Says Tech Foundations sale taking more time than planned Says Daniel Kretinsky39;s EPEI now will not take stake in Eviden Atos aiming to reduce debt Atos shares up 2 after spiking more than 10 Jan 3 Reuters French IT company Atos said on Wednesday […]
Homebuilder Smith Douglas Seeks over 1B Valuation in US IPO
Jan 3 Reuters Smith Douglas Homes is seeking a valuation of 1.08 billion in its U.S. initial public offering, the homebuilder said in a regulatory filing on Wednesday. Smith Douglas, which builds and sells singlefamily homes, is offering nearly 7.7 million shares at the price expected between 18 and 21 apiece, its filing showed, potentially […]
ValueAct, Blackwells Seek to Prop Up Disney in Battle with Trian
Jan 3 Reuters Two activist hedge funds, ValueAct Capital and Blackwells Capital, moved on Wednesday to provide backing to Walt Disney Co as it defends itself against a board challenge from a third activist investor, Trian Fund Management. The unusual twist in the battle for Disney39;s board underscores the high stakes in the company39;s attempted turnaround […]
Adani Group Stocks Rise ahead of Indian Court Ruling on Regulatory Probe
BENGALURU, Jan 3 Reuters Shares of the Adani Group39;s listed companies rose between 2.2 and 10 on Wednesday, ahead of a ruling by India39;s top court on the country39;s market regulator39;s probe into the billionaire Gautam Adaniled conglomerate. India39;s market regulator, the Securities and Exchange Board of India SEBI, is probing the group after U.S. […]
Apple Hits 7wk Low after Barclays Downgrade on Demand Concerns
Reuters Apple on Tuesday fell nearly 3.6 to a sevenweek low after Barclays downgraded the shares of the world39;s most valuable company on concerns that demand for its devices from the iPhone to the Mac will remain weak in 2024. Barclays is the second brokerage to have the equivalent of a sell rating on the stock, […]
Tesla Delivers Record Q4 Cars, but Chinas BYD Steals Top EV Spot
Delivers record number of vehicles in Q4, hits 2023 target Tesla makes 1.85 million vehicles in 2023 Some Tesla cars lose tax credits under new IRA guidelines Jan 2 Reuters Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the […]