News
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BREAKINGVIEWS-Circle IPO tethers rival to an unhinged valuation
By Stephen Gandel NEW YORK, June 9 (Reuters Breakingviews) - Sometimes the devil is in the big picture. Circle Internet Group’s CRCL.N shares have soared roughly 260% in the days following the cryptocurrency firm’s initial public offering. That’s an appealing result for Tether: depending on how i...Reuters
Mon, Jun 9
GBP/USD edges up as Trump loosens tech trade grip with China
GBP/USD registered minimal gains during the North American session after hitting a daily high of 1.3581, following a Wall Street Journal article suggesting that US President Donald Trump is granting maneuvering room to US Treasury Secretary Scott Bessent regarding tech sales and lift export controls
Fxstreet
Mon, Jun 9
FTSE Russell to remove Currenex data from some FX benchmarks
LONDON, June 9 (Reuters) - The London Stock Exchange Group's LSEG.L FTSE Russell unit is removing State Street's Currenex data from its euro, yen and Swiss franc WMR FX benchmarks, it said on Monday.The move came after FTSE Russell sought feedback from clients over the last few weeks and aft...Reuters
Mon, Jun 9
FOREX-Dollar dips after jobs-fueled rally; US-China talks in focus
US, China in trade talks in London on MondayLast week's better than feared US jobs report provides reliefJapan tariff negotiator to visit US late this week, report saysChina's May exports slow, deflation deepens as tariffs biteBy Linda Pasquini and Gertrude Chavez-Dreyfuss GDANSK/NEW YORK...Reuters
Mon, Jun 9
Deals of the day-Mergers and acquisitions
June 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Baker Hughes said it will sell its precision sensors and instrumentation (PSI) product line to aerospace and defense parts manufacturer Crane for $1.15 bi...Reuters
Mon, Jun 9
EXCLUSIVE-UnitedHealth eyes $1 billion deal to exit Latin America as insurer refocuses on US, sources say
Shares are 40% down this year amid a multi-layered crisisCompany has been trying to divest from Latin America since 2022Four U.S. and Latin American groups interested in Banmedica and deal may be reached during summer, sources sayBy Tatiana Bautzer and Sabrina Valle NEW YORK, June 9 (Reuters) - ...Reuters
Mon, Jun 9
CORRECTED-EXCLUSIVE-UnitedHealth eyes $1 billion deal to exit Latin America as insurer refocuses on US, sources say
Shares are 40% down this year amid a multi-layered crisisCompany has been trying to divest from Latin America since 2022Four U.S. and Latin American groups interested in Banmedica and deal may be reached during summer, sources sayBy Tatiana Bautzer and Sabrina Valle NEW YORK, June 9 (Reuters) - ...Reuters
Mon, Jun 9
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0% higher at C$1.3687 to the greenback, or 73.06 U.S. cents, after trading in a range of 1.367 to 1.37.Canadian government 10-year bond yields CA10YT=RR r...Reuters
Mon, Jun 9
USD/JPY: Likely to consolidate in a 144.00/145.15 – UOB Group
US Dollar (USD) is likely to consolidate in a 144.00/145.15 range against Japanese Yen (JPY). In the longer run, increase in momentum is not sufficient to indicate a sustained advance just yet; USD must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Jun 9
FOREX-Dollar slips after rally, focus shifts to US-China trade talks
US, China set for trade talks in London on MondayLast week's better than feared US jobs report provides reliefJapan tariff negotiator to visit US late this week, report saysChina's May exports slow, deflation deepens as tariffs biteBy Johann M Cherian and Linda Pasquini June 9 (Reuters) -...Reuters
Mon, Jun 9
AUD/JPY Price Forecast: Aims to revisit over three-month high around 95.70
The AUD/JPY pair clings to gains near a fresh three-week high around 94.10 during European trading hours on Monday. The pair trades firmly as antipodeans outperform across the board ahead of trade discussions between the United States (US) and China in London during the day.
Fxstreet
Mon, Jun 9
NZD/USD: Upward momentum remains largely unchanged – UOB Group
Current price movements are likely part of a 0.6000/0.6045 range trading phase. In the longer run, upward momentum remains largely unchanged, but there is a chance for NZD to test 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Jun 9
UK's Argentex rejects Lavide's investment proposal
June 9 (Reuters) - Argentex AGFX.L said on Monday it had rejected an equity investment proposal from the Netherlands-based Lavide Holding NV LVIDE.AS to obtain a 50% stake in the British currency risk manager for 2.5 million pounds ($3.39 million) and a potential provision of a 15 million pound cred...Reuters
Mon, Jun 9
