Landesbank Baden-Württemberg is reportedly selling a major risk transfer related to a loan portfolio worth approximately €2.8 billion, or $3 billion. Sources familiar with the situation confirmed the details.
Ken Griffin believes the upcoming presidential race will be tight, but he predicts Donald Trump will emerge victorious in the end.
Maruti Suzuki India Ltd. has reported a lower-than-expected profit, citing weak demand for cars in India, which is the world’s most populous country. As a result, shares of the company fell by 3.8%.
Goldman Sachs CEO highlighted the resilience of the US economy and a positive outlook for dealmaking in a recent interview. However, he also voiced concerns about the escalating conflict in the Middle East.
Boeing Co. has successfully raised around $21 billion through an expanded share sale, marking one of the largest offerings by a public company. This move is aimed at strengthening its financial position amid concerns of a potential credit rating downgrade to junk status.
Chinese electric vehicle stocks surged in Hong Kong today. This increase follows reports from state media about new government measures aimed at supporting the sector's growth. Investors are optimistic as these initiatives may boost production and adoption of electric vehicles across the country.
GLP Pte has canceled its planned dollar bond sale after failing to attract enough demand, despite offering a record coupon rate above 10%. This move highlights ongoing investor concerns about the company, which focuses on developing warehouses and logistics real estate.
Bitcoin surged past $71,000 for the first time since June, driven by strong inflows into dedicated exchange-traded funds. This rally coincides with growing speculation surrounding the upcoming US election and its possible impacts on the cryptocurrency market.
Asian equities remained in a tight range today as investors braced for the upcoming US election and important economic data. This data is expected to influence the next decision by the Federal Reserve, adding to the cautious sentiment in the market. Traders are closely watching developments to gauge their impact on future monetary policy.
Volkswagen is planning to close at least three factories and lay off thousands of workers as part of a restructuring effort to tackle declining sales and profits, especially in the electric vehicle sector. Additionally, the company will reduce wages by 10% for tens of thousands of employees. Bloomberg's David Welch discusses this developing crisis for Volkswagen on "Bloomberg Markets."
