Berita Valas
Arthur J. Gallagher Acquires UK-based Bay Risk Services For Undisclosed Terms
Insurance brokerage Arthur J. Gallagher & Co. (AJG) announced Monday that its reinsurance division Gallagher Re has acquired the business and assets of UK-based Bay Risk Services Ltd., a member of the Optio Group. Terms of the transaction were not disclosed.
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1288 days ago
Sensex, Nifty Gain Led By IT, Energy Stocks
Indian shares finished Monday's session notably higher, with IT, energy and Adani Group stocks leading the surge.
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1288 days ago
Swiss Franc Climbs On Strong Inflation Data
The Swiss franc advanced against its major counterparts in early European deals on Monday, as investors became cautious ahead of Federal Reserve Chair Jerome Powell's testimony to Congress that is likely to throw light on the policy outlook.
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1288 days ago
Swiss Inflation At 6-Month High
Switzerland's consumer price inflation unexpectedly rose to a six-month high in February driven by food and energy prices and raised the scope for the fourth consecutive rate hike this month. The consumer price index, or CPI, grew 3.4 percent on a yearly basis that was slightly faster than the 3.3 percent increase seen in January, the Federal Statistical Office reported Monday.
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1288 days ago
South Korea Inflation Below 5%, Lowest In 10 Months
South Korea's consumer price inflation eased further in February to the lowest level in nearly a year amid a slowdown in rental and oil prices, giving relief to the Bank of Korea to go ahead with its wait-and-watch policy stance, figures from Statistics Korea showed on Monday. The consumer price index rose 4.8 percent year-over-year in February.
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1288 days ago
Eurozone Investor Confidence Slumps On Weaker Expectations - Sentix
Euro area investor confidence decreased more than expected in March as expectations deteriorated sharply despite receding fears of a recession, survey results from the behavioral research institute Sentix showed Monday. The Sentix economic index dropped to -11.1 from -8.0 in February. Economists had forecast a score of -6.3.
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1288 days ago
Credit Suisse Key Shareholder Sells Entire Stake
U.S. investment manager Harris Associates, once a major shareholder of Credit Suisse Group AG, has sold its entire stake in the Swiss banking major, the Financial Times reported. The investor ended its about two decades of ownership after raising questions about the future of the franchise.
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1288 days ago
more news
European Shares Mostly Higher In Cautious Trade; Miners Underperform
European stocks were broadly higher on Monday as investors awaited a testimony by Fed Chair Jerome Powell and the U.S. jobs report this week for further clarity on the rate outlook.
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1288 days ago
FTSE 100 Subdued As Miners Drag On China Concerns
U.K. stocks edged lower on Monday, with mining stocks retreating after top consumer China set a modest annual growth target for 2023.
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1288 days ago
CAC 40 Edges Higher Led By Banks
French stocks rose on Monday as investors priced in U.S. rates to peak around 5.4 percent by September.
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1288 days ago
DAX Inches Higher In Lackluster Trade
German stocks opened on a positive note Monday as bond yields pulled back ahead of key events this week, including Fed Chair Jerome Powell's congressional testimony Tuesday and Wednesday, and the release of all-important U.S. jobs report on Friday.
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1288 days ago
Asian Shares Mostly Higher As Bond Yields Ease
Asian stocks rose broadly on Monday despite China announcing its lowest growth target in decades.
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1288 days ago
China Sets Modest Growth Target Amid Challenging External Environment
China set a moderate growth target for this year which would require no strong stimulus to achieve given the rebound the economy gained from the relaxation of he Covid pandemic restrictions. Outgoing Premier Li Keqiang announced a growth target of around 5.0 percent in 2023 at the annual legislative session on Sunday as officials turn their focus on other areas like technology and infrastructure
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1288 days ago
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