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Economy

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Countdown to mega merger – how Credit Suisse wobbled and UBS rushed to rescue

The Cheap InvestorJune 12, 2023June 12, 20230

ZURICH (Reuters) – UBS Group’s takeover of Credit Suisse, arranged by the Swiss authorities to stave off a broader banking…

  • Business
  • Economy

Nasdaq to buy fintech firm Adenza for $10.5 billion, rattling some investors

The Cheap InvestorJune 12, 2023June 12, 20230

By Manya Saini, Anirban Sen and John McCrank (Reuters) -Nasdaq on Monday agreed to buy Thoma Bravo-owned software firm Adenza…

  • Business
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Denmark looks to curb collection of data on children by Big Tech

The Cheap InvestorJune 12, 2023June 12, 20230

COPENHAGEN (Reuters) – Denmark aims to raise the age limit for the collection of personal data from children by tech…

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US dollar inches higher ahead of inflation data, Fed rate decision

The Cheap InvestorJune 12, 2023June 12, 20230

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar inched higher on Monday, trading in a narrow range as investors…

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Binance plans to swap 750 million of token pairs to ensure liquidity

The Cheap InvestorJune 12, 2023June 12, 20230

(Reuters) – Binance said in a tweet on Monday it would swap 750 million tether-tron token pairs for tether-ether in…

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  • Economy

Rallying U.S. stocks are pulling in sidelined investors, Deutsche Bank says

The Cheap InvestorJune 12, 2023June 12, 20230

By Saqib Iqbal Ahmed NEW YORK (Reuters) – A steadily rising U.S. stock market appears to be drawing investors off…

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PIMCO’s bond CIO says underweight dollar, sees value in UK gilts

The Cheap InvestorJune 12, 2023June 12, 20230

By Harry Robertson LONDON (Reuters) – PIMCO is underweight the U.S. dollar and overweight UK government bonds in some funds,…

  • Business
  • Economy

U.S. West Coast port labor skirmishes simmer; contract still elusive

The Cheap InvestorJune 12, 2023June 12, 20230

By Lisa Baertlein (Reuters) – West Coast seaport employers on Monday criticized worker absences, which they said were slowing work…

  • Business
  • Economy

Sphere Entertainment to launch immersive content studio in Hollywood

The Cheap InvestorJune 12, 2023June 12, 20230

(Reuters) – Sphere Entertainment said on Monday it was launching Sphere Studios in Hollywood to create immersive film content for…

  • Asia
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India imposes wheat stock limit to arrest price rise

The Cheap InvestorJune 12, 2023June 12, 20230

NEW DELHI (Reuters) -India has imposed a limit on the amount of wheat stocks traders can hold in an effort…

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