Global equities edge higher on hopes of U.S. jobs data
Global equities markets firmed on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called “meme stocks.”
EXCLUSIVE SoftBank tech fund in talks to invest in Dubai cloud kitchen Kitopi-sources
SoftBank Group Corp (9984.T) is in talks to invest in Dubai “cloud kitchen” Kitopi’s latest funding round through its second technology fund, sources familiar with the matter said.
Etsy eyes Gen-Z shoppers with $1.63 bln deal for fashion reseller Depop
Etsy Inc (ETSY.O) said on Wednesday it would buy Generation-Z focused fashion resale company Depop for $1.63 billion, seeking to attract younger shoppers and bolster its position in a booming market in vintage or used clothing.
Climate change risks will affect U.S. bank capital in long-run – official
U.S. regulators will “eventually” have to factor climate change risks into bank capital rules, but it is still too soon to say when that would become necessary, a top official told Reuters.
Germany may take part in Lufthansa capital increase – report
Germany is leaning towards participating in a planned 3 billion euro capital increase at Lufthansa (LHAG.DE) to limit a dilution of its 20% stake in the airline and ensure the refinancing measure is successful, Bloomberg reported on Wednesday.
Wall St set to open higher ahead of key economic data this week
The latest leg of a surge in so-called “meme stocks” stood out in early moves on Wall Street on Wednesday, while futures tracking the main stock indexes were flat to slightly higher ahead of closely watched economic data this week.
StanChart unit to launch cryptocurrency trading platform
A Standard Chartered PLC (STAN.L) unit intends to establish a cryptocurrency brokerage and exchange platform in Britain and Europe, targeting institutional clients, the bank said on Wednesday.
Saudi Aramco in talks with banks for new bond sale – sources
Saudi Arabian oil group Aramco (2222.SE) is in talks with banks for a U.S. dollar-denominated bond issue, two sources said, seeking to raise money ahead of large commitments for its major shareholder, the Saudi government.
As unpredictable Games looms, Japan’s sponsors struggle to adapt
With less than two months left until the start of the Tokyo Olympic Games, Japan’s Asahi Breweries still doesn’t know whether fans will be allowed into stadiums to buy its beer.
Tesla to buy more than $1 bln of Australian battery minerals a year
Tesla (TSLA.O) said it expects to spend more than $1 billion a year on battery raw materials from Australia given the country’s reliable mining industry and responsible production practices.
