Dollar Steady, Traders Firm Fed RateCut Bets; Focus on ECB

SINGAPORE, June 3 Reuters The dollar was broadly steady on Monday as traders wagered that U.S. inflation may have stabilised enough for the Federal Reserve to cut rates later in 2024, while the euro was calm ahead of the expected cut from the European Central Bank this week. Among emerging market currencies, the Indian rupee and Mexican peso strengthened following exit poll results from general […]
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Blackstone Raises Hipgnosis Offer by a Cent

June 3 Reuters Blackstone on Monday raised its offer for Hipgnosis Songs Fund by a cent to 1.31 per share, valuing the music rights owner of artists such as Shakira and Red Hot Chili Peppers at 1.58 billion. The revised offer in part reflects Hipgnosis incurring lower adviser fees in respect of the transaction than previously expected, […]
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