Toshiba Going Private After $14 Billion Takeover
Electronics conglomerate Toshiba Corporation announced on Thursday that the company is set to go private after the success of a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP). The private equity firm's offer sees them acquire a 78.65% share of...
Asian Stocks Slip, Dollar Strengthens Amid Growth Concerns
Equities in Asia declined on Tuesday after stuttering economic growth in China and Europe spurred growing concerns about the future trajectory of global economies. The U.S. dollar was on the rise as investors reflected on the increased likelihood that the Federal Reserve would continue...
Japanese Stocks Rise Amid US Optimism
Japanese stocks rose on Monday morning as investors became more confident that the US economy is more likely to avoid an impending recession. The Nikkei 225 was up 0.7%, reaching a one-month high, while the Topix advanced 1.02% to 2,368.29, its highest level in the...
Global Stocks Head Towards Worst Month Of 2023
Global stocks edged higher on Wednesday as data suggested that U.S. inflation is cooling. Still, they remain on course for their worst monthly performance of the year. MSCI's broadest index of global shares edged 0.2% higher during early trading amid increased Chinese measures to...
Asian Stocks Rebound From Losing Streak as Bonds Hit Record High
Stock markets in Asia rose on Tuesday to bring an end to an eight-day losing streak. This recovery was spurred by recovering Chinese shares. Benchmark 10-year Treasury yields climbed 2.5 basis points to hit 4.366%; the highest level since 2007. This 16-year peak marks...
Global Shares Plunge to Two-Month Low
Global shares slumped to a two-month low on Friday as investors' hopes of a Federal Reserve interest rate pause in September continue to fade and China's banking sector continues to waver. The MSCI All Country stock index declined by 0.3%, its lowest level since...