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PRESS DIGEST - Wall Street Journal - March 20
March 20 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- SoftBank Group 9984.T inked a deal to purchase U.S.-based chip designer Ampere Computing Holdings, a chip startup founded by Intel's I...Reuters
Thu, Mar 20
Other
Telecoms group VEON posts yearly revenue boost despite Ukraine cyberattack
March 20 (Reuters) - VEON VEON-RX.MM, VEON.O reported a 14.6% jump in its annual revenue on Thursday, despite a Russian cyberattack in Ukraine and political unrest in Bangladesh affecting the telecoms group's operations.The parent of Ukraine's Kyivstar and Bangladesh's Banglalink said it...Reuters
Thu, Mar 20
Cryptocurrencies
Memecoins Won’t Survive—Cathie Wood Predicts Their Demise
Ark Invest’s Cathie Wood is one of the outspoken supporters of crypto and blockchain technology. As the CEO of Ark Invest, Wood has built her credentials as a certified “stock picker,” pushing Ark Innovation Fund to $23 billion in assets. In addition to her lucrative selections, Wood is a well-known...Bitcoinist
Thu, Mar 20
Stocks
GLOBAL MARKETS-Asia shares track Wall Street higher as investors assess Fed outlook
Investors cheer prospect of two Fed cuts this yearUS stock futures push higher, dollar easesChinese shares slide after tech-driven rallyBy Rae Wee SINGAPORE, March 20 (Reuters) - Asia shares edged up on Thursday after a Wall Street rally as investor sentiment was lifted by the prospect that the F...Reuters
Thu, Mar 20
Other
Veon FY Net Income At EUR 414 Mln
March 20 (Reuters) - VEON Ltd VEON-RX.MM:FY EBITDA GROWTH OF 4.9% YOY TO USD 1,691 MILLION (+12.0% YOY IN UNDERLYING LOCAL CURRENCY TERMS)EQUITY FY FREE CASH FLOW OF USD 403 MILLIONFY REVENUE $4,004 MILLIONFOR FY25, VEON IS GUIDING FOR UNDERLYING LOCAL CURRENCY GROWTH FOR TOTAL REVENUE OF 12% - 14% ...Reuters
Thu, Mar 20
Cryptocurrencies
Chinese shares fall despite the Fed addressing tariff concerns
Asian stocks advanced on Wednesday. The central bank maintained its benchmark rate as expected, while Chair Jerome Powell offered measured remarks regarding the potential impact of President Donald Trump’s tariff policies. However, shares in China bucked the upward trend despite the Fed easing tariff concerns. Powell cited the possibility that any increase in inflation would […]Cryptopolitan
Thu, Mar 20
Other
PRESS DIGEST-British Business - March 20
March 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Drugmaker Pfizer PFE.N has sold its entire stake in Haleon HLN.L for about 2.5 billion pounds ($3.25 billion) t...Reuters
Thu, Mar 20
Other
Sodexo Lowers FY Guidance To Between +3% And +4% Organic Revenue Growth
March 20 (Reuters) - Sodexo SA EXHO.PA:SODEXO FIRST HALF FISCAL 2025 ESTIMATES AND FULL YEAR GUIDANCE UPDATEOUTLOOK FY UPDATED: ORGANIC REVENUE GROWTH BETWEEN +3% AND +4%OUTLOOK FY UPDATED: UNDERLYING OPERATING PROFIT MARGIN IMPROVEMENT BETWEEN +10 TO + 20 BPS, AT CONSTANT CURRENCIESH1 ORGANIC REVEN...Reuters
Thu, Mar 20
Other
Polish, British finance ministers discuss defence spending, FT says
March 20 (Reuters) - Poland is discussing ways of working together with Britain and European nations to boost defence production while getting better value for taxpayers, Finance Minister Andrzej Domanski told the Financial Times in an interview on Thursday. Domanski said "new tools" for de...Reuters
Thu, Mar 20
Other
Sanofi To Acquire Dren Bio’s Bispecific Myeloid Cell Engager For Deep B-Cell Depletion
March 20 (Reuters) - Sanofi SA SASY.PA:PRESS RELEASE: SANOFI TO ACQUIRE DREN BIO’S BISPECIFIC MYELOID CELL ENGAGER FOR DEEP B-CELL DEPLETION, BROADENING IMMUNOLOGY PIPELINETO PAY $600 MILLION UP FRONTDEAL INCLUDES POTENTIAL FUTURE PAYMENTS TOTALING $1.3 BILLIONTRANSACTION EXPECTED TO CLOSE DURING Q2...Reuters
Thu, Mar 20
Other
Meta Says Starting This Week, Meta AI Will Begin Rolling Out Across 41 European Countries, Including Those In The European Union
March 20 (Reuters) - Meta Platforms Inc META.O:META - STARTING THIS WEEK, META AI WILL BEGIN ROLLING OUT ACROSS 41 EUROPEAN COUNTRIES, INCLUDING THOSE IN THE EUROPEAN UNIONSource text: https://tinyurl.com/bdfnzhs3Reuters
Thu, Mar 20
Stocks
BlackRock bets on consumer push as it chases European savers
BlackRock's iShares is Europe's largest index-tracker providerAs rivals gain, BlackRock plans new ETFs, retail investor focusTargets 19 mln customers by end-2027, executive saysBy Iain Withers LONDON, March 20 (Reuters) - BlackRock BLK.N is betting on an expanded range of retail-focused p...Reuters
Thu, Mar 20
Other
In the Market: How Trump is driving Asia to diversify away from US
Asia companies, investors seek alternatives amid Trump's policiesUS assets remain attractive despite diversification effortsDeepSeek shows blind spots emerged as the world fractured By Paritosh Bansal March 20 - President Donald Trump's tariffs and other policies have some financiers and ...Reuters
Thu, Mar 20
Other
ANALYSIS-Berlin debt splurge turns screws on flagging German property
Berlin's spending spree raises borrowing costsVonovia CEO warns on higher rates Investors withdraw billions from German property funds By John O'Donnell and Tom Sims FRANKFURT/BERLIN, March 20 (Reuters) - Berlin's borrow-to-spend splurge is driving up borrowing costs, further choking ...Reuters
Thu, Mar 20
Indices
US Dollar Index Price Forecast: Bearish outlook remains in play near 103.50
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in positive territory near 103.50 during the early European session on Thursday.Fxstreet
Thu, Mar 20
Stocks
Hong Kong central bank keeps base rate unchanged as Fed holds steady
HONG KONG, March 20 (Reuters) - The Hong Kong Monetary Authority (HKMA) left its base rate unchanged at 4.75% on Thursday, in line with the U.S. Federal Reserve's decision to keep rates steady.Major banks followed, with HSBC 0005.HK maintaining its best lending rate in Hong Kong at 5.25%, and St...Reuters
Thu, Mar 20
Other
Airfield on fire in Russia's Saratov region after Ukrainian drone attack, governor says
MOSCOW, March 20 (Reuters) - An airfield is on fire in Russia's Saratov region after a Ukrainian drone attack, the governor said on Thursday.For safety reasons, evacuation of the residents living close to the airfield is being carried out, the governor, Roman Busargin, said in a message on his ...Reuters
Thu, Mar 20
Stocks
Nvidia to invest billions in US chip production over four years, FT reports
March 19 (Reuters) - Nvidia NVDA.O plans to invest hundreds of billions of dollars in U.S.-made chips and electronics over the next four years, the Financial Times reported on Wednesday, quoting CEO Jensen Huang.The artificial intelligence chip giant expects to spend around half-a-trillion...
Reuters
Thu, Mar 20
Forex
Yuan eases as China sets weakest fix in two months
SHANGHAI, March 20 (Reuters) - The yuan eased against the U.S. dollar on Thursday after China sets its official midpoint rate at the weakest in two months, signalling authorities are keen to prevent quick or sharp gains in the currency against a declining greenback.Reuters
Thu, Mar 20
