MILAN (Reuters) -Italy's Banco BPM said it has asked market watchdog Consob to adopt measures to protect the bank's stakeholders and its bid for Anima, after rival UniCredit launched its own bid for BPM. Banco BPM had complained before that UniCredit's 10 billion euro all-share bid jeopardised its buyout proposal for fund manager Anima.
(Bloomberg) -- Bank of Korea Governor Rhee Chang-yong said Wednesday that the ongoing political turmoil in South Korea weighs on the economy, suggesting authorities may downgrade growth forecasts and take stabilizing actions in response.Most Read from BloombergHow California Sees the World, and ItselfThere’s a high chance South Korea’s gross domestic product will grow 2.1% this year rather than 2.2% as projected earlier, Rhee said as he assessed the economic impact of the turbulence that began w
BTC takes a breather after an indecisive Tuesday, as the Fed is expected to cut rates Wednesday while signaling slower easing next year.
OPEC+ is wary of a renewed rise in U.S. oil output when Donald Trump returns to the White House, delegates from the group said, because more U.S. oil would further erode OPEC+ market share and hamper the producer group's efforts to support prices. OPEC+ pumps about half of the world's oil and earlier this month delayed a plan to raise output until April.
Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balenciaga have experimented with crypto payment offers. In recent weeks, upscale French luxury department store Printemps announced it was teaming up with the world's largest crypto exchange, Binance, and French financial tech company Lyzi to accept cryptocurrencies including bitcoin and ethereum in its stores in France - becoming the first European department store to do so.
The PENGU token, launched by the Pudgy Penguins NFT project, has had a turbulent debut, its value plummeting over 50% just hours after the much-anticipated airdrop on Dec. 17.
(Bloomberg) -- There is arguably no leader in all of Europe who’s more chummy, or ideologically aligned, with Donald Trump than Hungary’s Viktor Orban.Most Read from BloombergHow California Sees the World, and ItselfWhich goes a long way to explaining why at a time when the mood is markedly glum across European financial markets, there is a sense of optimism in Budapest. Here, investors aren’t fretting so much about the prospect of new Trump tariffs or NATO-funding feuds — like they are in, say,
In 2020, Lego launched its adult-focused category. Adults also introduce kids to Lego, making them a group critical to the Danish toymaker.
Micron Technology, Inc. (NASDAQ:MU) will release earnings for its first quarter, after the closing bell on Wednesday, Dec. 18. Analysts expect the Boise, Idaho-based company to report quarterly earnings at $1.77 per share, versus a year-ago loss of 95 cents per share. Micron projects to report quarterly revenue of $8.71 billion, compared to $4.73 billion a year earlier, according to data from Benzinga Pro. The company has beaten analyst revenue estimates in six straight quarters and seven of the
Bloomberg analysts Eric Balchunas and James Seyffart predict a significant surge in cryptocurrency exchange-traded funds (ETFs) in 2025.
