Shares fall as low as 23.2 euros vs issue price of 26 euros Investors wary after warning from Kering banker Douglas uses proceeds to pay down debt FRANKFURT, March 21 Reuters Shares in German perfume and cosmetics retailer Douglas fell as much as 11 on their return to the Frankfurt stock market on Thursday, in a […]

NEW YORKLONDON, March 21 Reuters The looming introduction of a shorter settlement cycle for U.S. securities is causing headaches for international fund managers, who face staffing problems, the prospect of holding more cash and raised foreign exchange risk as they prepare to comply. Introduced to lessen the risks of unsettled trades after periods of volatility, […]

LONDON, March 21 Reuters A surprise bumper rate hike by Turkey39;s central bank on Thursday boosted the country39;s international sovereign bonds, lifted the lira off its recent lows and bolstered banking stocks. The central bank raised its key interest rate by 500 basis points to 50, citing a deteriorating inflation outlook and pledging to keep a tight […]

LONDON, March 21 Reuters The pound steadied against the dollar on Thursday, ahead of a Bank of England meeting at which the central bank is expected to keep UK rates on hold, although there is a degree of uncertainty over what it might say about the outlook for monetary policy. This week brings a raft […]

Gold, Nikkei STOXX 600 notch record highs Franc weakens, yen recoils from near multidecade lows Fed still forecasting 75 basis points of rate cuts this year Bank of England decision at 1200 GMT SINGAPORELONDON, March 21 Reuters The franc weakened on Thursday after Switzerland became the first developed economy to cut interest rates this cycle, […]

Next hits record high on strong annual profit Bank of England rate verdict at 1200 GMT FTSE 100 up 1.1, FTSE 250 adds 1 March 21 Reuters London equities opened higher on Thursday, as investors welcomed the Federal Reserve39;s decision to maintain its stance of three rate cuts for 2024, while shifting their focus to […]

Swiss National Bank surprises with 25 bps interest rate cut PZU FY profit hits record high on banking, insurance growth Euro zone business activity close to stabilising in March March 21 Reuters European shares scaled recordhigh levels on Thursday, boosted by basic resourceslinked stocks and a strong risk appetite, ahead of a day packed with […]