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Nordic Entertainment Group (NENT) sign is seen at their headquarters in Stockholm, Sweden October 1, 2018. Citi analysts said the company had achieved a solid beat of expectations in international subscriber growth, which should give the market increased confidence in the group's growth trajectory. The company's international markets include Estonia, Latvia, Poland and Lithuania, and it plans to launch in Britain, Canada, Germany, Austria and Switzerland, taking the number of markets to 16 by the end of 2023. Its subscriber count also got a boost due to streaming of sporting events such as the Bundesliga, English Premier League, UEFA competitions and Formula One. Costs will increase along with the expansion and a significant chunk of that will come in 2022, Jensen said.
Persons: Olof Swahnberg, Anders Jensen, HBO Max, Disney, Jensen, Viaplay, Supantha Mukherjee, Rashmi Aich, David Holmes Organizations: Nordic Entertainment, REUTERS, Netflix, Disney, Citi, HBO, HBO Max, Bundesliga, English Premier League, UEFA, Thomson Locations: Stockholm, Sweden, STOCKHOLM, Swedish, Scandinavia, United States, Estonia, Latvia, Poland, Lithuania, Britain, Canada, Germany, Austria, Switzerland, Europe, U.S
(Reuters) -Logitech International SA shares plunged 6% on Tuesday after the computer peripherals maker reported a steep fall in operating profit and said it was facing “unprecedented” supply chain problems. Logitech mouse is placed on the keyboard in the computer shop in Zenica, Bosnia and Herzegovina October 20, 2020. “We are confirming our full-year outlook, despite unprecedented supply chain industry challenges.”Logitech has cashed in on the work from home trend during COVID-19 to sell more products to staff working remotely. Zuercher Kantonalbank analyst Andreas Mueller said he thought the share price reaction seemed exaggerated, while Logitech would be able to deal with supply chain bottlenecks. “Maybe there was an expectation that they increase the guidance, which would have been premature given the supply chain situation,” said Mueller.
Persons: Dado Ruvic, Bracken Darrell, Zuercher, Andreas Mueller, , Mueller, Organizations: Reuters, Logitech International SA, REUTERS, ABB, Sweden’s Ericsson, Logitech, of, U.S ., Locations: Zenica, Bosnia, Herzegovina, Swiss
Technology companies working on combating climate change have raised a record breaking $32 billion so far this year, according to a report published Tuesday. Meanwhile, investment in climate tech has more than quadrupled since 2016, when investors backed start-ups in the in the sector with just $6.6 billion. On Monday, Blackrock CEO Larry Fink said he expects the next 1,000 billion-dollar start-ups to be in climate tech. Between 2016 and 2021, climate tech start-ups in the U.S. raised the most funding, while their equivalents in China, Sweden and the U.K. were next in line. Europe is the fastest-growing region globally for climate tech according to the findings, which analyzes technology companies working to reduce greenhouse gas emissions or address the impacts of climate change.
Persons: Larry Fink, Bill Gates Organizations: London, Partners, Blackrock Locations: U.S, China, Sweden, Europe
Sweden's NENT reports 28% jump in subscribers
  + stars: | 2021-10-26 | by ( ) www.reuters.com   time to read: +2 min
Nordic Entertainment Group (NENT) sign is seen at their headquarters in Stockholm, Sweden October 1, 2018. The company added 322,000 subscribers in the third quarter ended Sept. 30 from the preceding one, of which 36,000 were in the Nordics and 286,000 were international. NENT's subscribers of its streaming service Viaplay rose 28% in the quarter, as it expanded to more countries competing with global rivals such as Netflix (NFLX.O) and Disney+ (DIS.N). Viaplay's total subscribers rose to 3.6 million. ($1=8.5737 Swedish crowns)Reporting by Supantha Mukherjee in Stockholm, Editing by Helena Soderpalm and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: Olof Swahnberg STOCKHOLM, Anders Jensen, Supantha Mukherjee, Helena Soderpalm Organizations: Nordic Entertainment, REUTERS, Netflix, Disney, Bundesliga, English Premier League, UEFA, Thomson Locations: Stockholm, Sweden, Swedish, Scandinavia, Estonia, Latvia, Poland, Lithuania, United States, Britain, Canada, Germany, Austria, Switzerland
Takeover target Veoneer's losses narrow ahead of Qualcomm deal
  + stars: | 2021-10-26 | by ( ) www.reuters.com   time to read: +1 min
Chipmaker Qualcomm Inc (QCOM.O) and SSW Partners said this month they had reached an agreement to buy Veoneer for $4.5 billion. read moreThe maker of vision systems, radars and software for advanced driver-assistance systems (ADAS) was hit hard by the outbreak of the pandemic. Demand has since broadly recovered, while the auto industry is facing a shortage of electronic components. "We are managing this situation daily, and are doing our utmost to support our customers through this difficult situation," Veoneer Chief Executive and Chairman Jan Carlson said in a statement. Veoneer made an operating loss of $89 million versus a loss of $103 million in the year-ago quarter.
Persons: Jan Carlson, Veoneer, Helena Soderpalm, Niklas Pollard Organizations: Qualcomm Inc, Partners, Bosch, Continental, Qualcomm, Magna, Thomson Locations: STOCKHOLM, Swedish, Sweden
The upward move came at the expense of the euro, the Japanese yen and the Swiss franc. At one point the dollar index was up 0.4% on the day as yield on the 10-year U.S. Treasury rose. Traders are awaiting U.S. economic growth data and central bank meetings in the euro zone, Japan and Canada later this week that could move exchange rates. The European Central Bank meets on Thursday. While a big change is seen as unlikely, comments from the bank could shine shift views on how much inflationary pressures could impact interest rates.
Persons: David Henry, Tommy Wilkes, Joseph Manimbo, Jerome Powell, there's, Manimbo, Jeremy Thomson, Cook, bitcoin, Peter Graff, Shinjini Organizations: YORK, Swiss, Western Union Business Solutions, Federal, Treasury, Traders, European Central Bank, ., Bank of Japan, ECB, RIC Locations: Asia, Japan, Canada, Norway, Sweden, New York, London
A Scandanavian Airlines, known as SAS, Airbus A320-200 airplane takes off from the airport in Palma de Mallorca, Spain, July 29, 2018. "The biggest problem for SAS is costs, so that's where we have to start," SAS Chief Executive Anko van der Werff told the paper. "Other airlines have cut costs and can fly more flexibly and efficiently. "We are not going to make money in 2022 and we will also have challenges with 2023," Van der Werff told Jyllands-Posten. "The pandemic will have an effect for at least three to four years, and that underlines the importance of us changing."
Persons: Paul Hanna COPENHAGEN, Posten, Anko van der Werff, Per Hansen, Van der Werff, Jyllands, Nikolaj Skydsgaard, David Goodman Organizations: Airlines, SAS, Airbus, Palma de Mallorca, REUTERS, Scandinavian, Thomson Locations: Palma de, Spain, Sweden, Denmark
STOCKHOLM (Reuters) -Volvo Cars, owned by Chinese automaker Geely, cut the size of its initial public offering on Monday, setting the price for the listing at 53 crowns per share, the low end of its previously announced range. At the current price, Volvo Cars would be valued at just over $18 billion, down from as much as $23 billion it had expected at the top of the pricing range. Volvo Cars said on Monday it was planning to raise around 20 billion Swedish crowns ($2.3 billion) in the IPO, down a fifth from its previous plans. Volvo Cars and its Chinese owner had tried to go public a few yeas ago but abandoned those plans in 2018 blaming trade tensions and a downturn in automotive stocks. ($1 = 8.5737 Swedish crowns)
Persons: Thomas Peter Volvo Organizations: Volvo, Beijing International Automotive, Auto, REUTERS, Huawei, Ericsson, Ford Motor, Nasdaq Stockholm Locations: STOCKHOLM, Auto China, Beijing, China, Sweden, Stockholm
Turkey's lira fell to a fresh record low on Monday after President Recep Tayyip Erdogan said he was pursuing the expulsion of ten foreign ambassadors. The lira, having already hit a record low the previous week after Turkey's central bank cut its key interest rate despite growing inflation, is in for more pain if Erdogan continues on this path, analysts warned. Turkish Foreign Minister Mevlut Cavusoglu, responsible for carrying out the order, has not yet commented on the matter. Erdogan's comments boosted fears of heightened tensions between the West and Turkey, hitting the already weak lira. "It goes without saying that the beleaguered Turkish Lira would fall under intense pressure, after setting various record lows over the past week," Teneo's Piccoli added.
Persons: Recep Tayyip Erdogan, Erdogan, Osman, It's, Teneo, Wolfango Piccoli, Piccoli, Mevlut Cavusoglu, Timothy Ash, Erdogan — Organizations: Observers, Turkish, Bluebay Asset Management, NATO Locations: London, Osman Kavala, Turkey, West, Ankara, Canada, France, Germany, Denmark, Norway, Sweden, Finland, New Zealand, Netherlands, Turkish
Volvo Cars gives itself $18 billion price tag as cuts IPO size
  + stars: | 2021-10-25 | by ( ) www.cnbc.com   time to read: +2 min
Volvo Cars shrank its initial public offering on Monday, pricing it at the bottom of a previously announced range and valuing the Geely-owned business at just over $18 billion. At the current price, Volvo Cars would be valued at just over $18 billion, well below the $23 billion it had expected at the top of the IPO pricing range. Volvo Cars said it plans to raise around 20 billion Swedish crowns ($2.3 billion), down a fifth from its previous target. Geely, which paid Ford $1.8 billion for Volvo Cars in 2010, would notexercise an over-allotment option, while the amended offering would result in a free float of 16% to 17.9%. Handelsbanken analyst Hampus Engellau said Volvo Cars had been careful to get secure all institutional Swedish investors.
Persons: Hakan Samuelsson, Hampus Engellau Organizations: Volvo, Huawei, Ericsson, Ford, Volvo Cars, Nasdaq Stockholm Locations: Beijing, Stockholm, Sweden, China
At the current price, Volvo Cars would be valued at just over $18 billion, well below the $23 billion it had expected at the top of the IPO pricing range. Volvo Cars said it plans to raise around 20 billion Swedish crowns ($2.3 billion), down a fifth from its previous target. Geely, which paid Ford (F.N) $1.8 billion for Volvo Cars in 2010, would not exercise an over-allotment option, while the amended offering would result in a free float of 16% to 17.9%. Handelsbanken analyst Hampus Engellau said Volvo Cars had been careful to get secure all institutional Swedish investors. Volvo Cars said the first day of trading on Nasdaq Stockholm was expected on Oct. 29, a day later than previously announced.
Persons: Thomas Peter, Hakan Samuelsson, Ford, Hampus Engellau, Helena Soderpalm, Supantha Mukherjee, Abhinav, Niklas Pollard, Emelia, Alexander Smith Organizations: Volvo, Beijing International Automotive, Auto, REUTERS, Nasdaq, Huawei, Ericsson, Volvo Cars, Nasdaq Stockholm, Thomson Locations: Auto China, Beijing, China, Nasdaq Stockholm, STOCKHOLM, Stockholm, Sweden, London
Zooplus endgame may not be total dog’s breakfast
  + stars: | 2021-10-25 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 25 (Reuters Breakingviews) - A peculiar transatlantic clash of the buyout titans may be winding down. Sweden’s EQT (EQTAB.ST) and U.S. private equity group Hellman & Friedman are going halves in their pursuit of German petfood supplier Zooplus (ZO1G.DE). Each side will now write half of an overall 3.7 billion euro equity check, instead of the whole thing. Zooplus will be wagging its tail – the 480 euro-per-share offer is a 73% premium to where its shares traded in early August. Unlike most private equity deals they’re applying no leverage, so everything depends on far-from-guaranteed rapid revenue growth.
Persons: Jorge Amusquivar, Sweden’s, Friedman, George Hay, Powell, Liam Proud, Karen Kwok Organizations: Reuters, Hellman
Erdogan chairs Turkish cabinet to discuss expulsion of envoys
  + stars: | 2021-10-25 | by ( ) www.reuters.com   time to read: +4 min
Turkish President Recep Tayyip Erdogan speaks during a joint news conference with Nigerian President Muhammadu Buhari in Abuja, Nigeria October 20, 2021. REUTERS/Afolabi SotundeANKARA, Oct 25 (Reuters) - Turkish President Tayyip Erdogan chaired a cabinet meeting on Monday to discuss expelling ambassadors from the United States and nine other allies, a move which would open Ankara's deepest diplomatic rift with the West during his 19 years in power. The order has not yet been implemented by the Foreign Ministry but could be formally approved at Monday's meeting. They were summoned by the foreign ministry last week. Several embassies including the United States, Canada, Netherlands and New Zealand said on Monday they abided by the diplomatic convention not to interfere in a host country's internal affairs.
Persons: Recep Tayyip Erdogan, Muhammadu Buhari, Tayyip Erdogan, Erdogan, Osman Kavala, Mustafa Sentop, Sabine Siebold, Dominic Evans, Timothy Organizations: REUTERS, West, Foreign Ministry, NATO, European Union, European Commission, EU, U.S ., Germany's, Ministry, Kavala, of Human, Timothy Heritage, Thomson Locations: Abuja, Nigeria, Afolabi, ANKARA, United States, Monday's, Turkey, Canada, Denmark, France, Germany, Netherlands, Norway, Sweden, Finland, New Zealand, Turkish, Tekirdag, Kavala, Ankara
Partner of WikiLeaks founder Julian Assange, Stella Morris attends a protest ahead of the appeal hearing over Assange's extradition, in London, Britain October 23, 2021. REUTERS/Tom NicholsonLONDON, Oct 25 (Reuters) - The partner of Julian Assange said on Monday a media report that the CIA had plotted to kill or kidnap the WikiLeaks founder was a game-changer in his fight against extradition from Britain to the United States. The U.S. government lawyer who is leading the prosecution of Assange did not immediately respond to a request for comment. When he lost that case against extradition in 2012, he fled to the Ecuadorean embassy. Currently, Assange is being held at London's top security Belmarsh Prison where Moris visited him on Saturday, saying he looked very thin.
Persons: Julian Assange, Stella Morris, Tom Nicholson LONDON, Assange, Donald Trump's, Julian, Stella Moris, Moris, Michael Holden, Mark Hosenball, Mark Heinrich Our Organizations: REUTERS, CIA, U.S, Yahoo News, Yahoo, WikiLeaks, Thomson Locations: London, Britain, United States, British, Ecuadorean, U.S, Sweden, Swedish, Washington
Turkey and West climb down from brink of biggest diplomatic crisis
  + stars: | 2021-10-25 | by ( ) www.cnbc.com   time to read: +5 min
Turkey's President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance's headquarters in Brussels, Belgium June 14, 2021. Turkey and its Western allies climbed down from a full-blown diplomatic crisis on Monday after foreign embassies said that they abide by diplomatic conventions on non-interference, averting a threatened expulsion of 10 ambassadors. "With a new statement made by the same embassies today, a step back was taken from this slander against our country and our nation. I believe these ambassadors ... will be more careful in their statements regarding Turkey's sovereign rights." "The United States notes that it maintains compliance with Article 41 of the Vienna Convention on Diplomatic Relations," the U.S. Embassy said on Twitter.
Persons: Tayyip Erdogan, Erdogan, Osman, Aykan Erdemir, Ned Price, Biden, Ibrahim Kalin, Mevlut Cavusoglu, Mustafa Sentop Organizations: NATO, U.S, Osman Kavala, West, Vienna Convention, Diplomatic Relations, U.S . Embassy, Twitter, U.S . State Department, Turkish, U.S ., Kavala, of Human Locations: Brussels, Belgium, Turkey, Ankara, Germany, France, Canada, Netherlands, New Zealand, Norway, Sweden, Denmark, Finland, States, Vienna, U.S, Turkish
On Saturday, Erdogan said he had ordered the envoys be declared 'persona non grata' for seeking philanthropist Osman Kavala's release from prison. The lira hit a fresh all-time low in early Asian trade, weakening 1.6% to 9.75 per dollar in a move that bankers attributed to Erdogan's comments. Kemal Kilicdaroglu, leader of the main opposition CHP, said Erdogan was "rapidly dragging the country to a precipice". "Return at once to our real agenda and the fundamental problem of this country - the economic crisis." Erdogan said the envoys had failed to respect Turkey's judiciary and had no right to demand Kavala's release.
Persons: Erdogan, Tayyip Erdogan's, Osman Kavala's, Kemal Kilicdaroglu, Yavuz Agiralioglu, Sinan Ulgen, Emmanuel Macron's, Joe Biden, Emre Peker, Soner Cagaptay, Daren Butler, Dominic Evans, Giles Elgood Organizations: CHP, Twitter, Kavala, IYI, NATO, U.S, Washington ., International Monetary Fund, Eurasia Group, of Human, Washington Institute for Near East Policy, Thomson Locations: Turkey, Kavala, ISTANBUL, Erdogan's, Istanbul, Turkish, Ankara, Rome, London, Canada, Denmark, France, Germany, Netherlands, Norway, Sweden, Finland, New Zealand, United States
ISTANBUL — Turkish President Recep Tayyip Erdogan said Saturday that he had ordered 10 foreign ambassadors who called for the release of a jailed philanthropist to be declared persona non grata. Describing the statement as an “impudence,” Erdogan said he had ordered the ambassadors be declared undesirable. “I gave the instruction to our foreign minister and said ‘You will immediately handle the persona non grata declaration of these 10 ambassadors,’” Erdogan said during a rally in the western city of Eskisehir. Parisian-born Turkish philanthropist Osman Kavala speaks during an event in Istanbul before his detention. HANDOUT / AFP - Getty ImagesA declaration of persona non grata against a diplomat usually means that individual is banned from remaining in their host country.
Persons: Recep Tayyip Erdogan, Osman, ” Erdogan, , ’ ” Erdogan, Osman Kavala, Selahattin Demirtas, wasn’t, David Satterfield, Jeff Flake, Organizations: Osman Kavala, Getty, of Human, Senate Foreign, State Department, Turkish Ministry of Foreign Affairs Locations: ISTANBUL, U.S, Ankara, Eskisehir, Turkey, Netherlands, Canada, Denmark, Sweden, Finland, Norway, New Zealand, Turkish, Istanbul, AFP, Kavala, Kurdish, Europe
On Saturday Erdogan said he ordered the envoys be declared 'persona non grata' for seeking philanthropist Osman Kavala's release from prison. read moreKemal Kilicdaroglu, leader of the main opposition CHP, said Erdogan was "rapidly dragging the country to a precipice". "The reason for these moves is not to protect national interests but to create artificial reasons for the ruining of the economy," he said on Twitter. Erdogan said the envoys were impudent and had no right to demand Kavala's release, stressing that the Turkish judiciary was independent. In 2018 Erdogan said Turkey would boycott U.S. electronic goods in a dispute with Washington.
Persons: Erdogan, Tayyip Erdogan's, Saturday Erdogan, Osman Kavala's, Kemal Kilicdaroglu, Yavuz Agiralioglu, Sinan Ulgen, Emmanuel Macron's, Joe Biden, Emre Peker, Soner Cagaptay, Daren Butler, Dominic Evans, Giles Elgood Organizations: CHP, Twitter, Kavala, IYI, Turkish, NATO, U.S, Washington ., Vienna Convention, Diplomatic Relations, International Monetary Fund, Eurasia Group, of Human, Washington Institute for Near East, Thomson Locations: Turkey, Kavala, ISTANBUL, Erdogan's, Istanbul, Turkish, Ankara, Rome, Vienna, London, Washington, Canada, Denmark, France, Germany, Netherlands, Norway, Sweden, Finland, New Zealand, United States
Farzana, 30, holds her one-year-old baby, Omar, at the malnutrition ward for infants of Indira Gandhi Children's hospital in Kabul, Afghanistan October 23, 2021. REUTERS/Jorge SilvaDUBAI, Oct 23 (Reuters) - Afghanistan is heading towards economic collapse that risks spiralling the country into a new political crisis, Sweden's minister for international development cooperation warned on Saturday. The Red Cross on Friday urged the international community to engage with the Taliban, warning that aid groups on their own could only provide temporary solutions. The movement has faced international criticism for its failure to uphold certain rights since returning to power, including allowing girls access to education. European countries were not ready to reopen their Kabul embassies, Fridh said, adding that more diplomatic missions would open in Qatar before there is a return to Afghanistan.
Persons: Omar, Indira Gandhi Children's, Jorge Silva, Per Olsson Fridh, Fridh, Alexander Cornwell, Ros Russell Organizations: REUTERS, Jorge Silva DUBAI, Reuters, Union, World Bank, Taliban, Thomson Locations: Kabul, Afghanistan, Dubai, Sweden, Qatar, Gulf
PSG's Neymar back in squad for Marseille trip
  + stars: | 2021-10-23 | by ( ) www.reuters.com   time to read: +2 min
Soccer Football - Champions League - Paris St Germain Training - Ooredoo Training Centre, Saint-Germain-en-Laye, France - October 18, 2021 Paris St Germain's Neymar during training REUTERS/Benoit TessierPARIS, Oct 23 (Reuters) - Paris St Germain's Neymar has recovered from a groin injury and could be reunited with Lionel Messi and Kylian Mbappe in attack against bitter rivals Olympique de Marseille on Sunday. The Brazil forward, who missed PSG's 3-2 Champions League home win over RB Leipzig on Tuesday, did not feature in Saturday's medical bulletin and is expected to be in the squad. "Neymar is available for the game," coach Mauricio Pochettino said on Saturday. Argentine winger Angel Di Maria, who missed the Leipzig game through suspension, is also back in the squad alongside Messi and Mbappe. OM coach Jorge Sampaoli however believes OM can cause an upset.
Persons: Paris St Germain's Neymar, Benoit Tessier PARIS, Germain's Neymar, Lionel Messi, Kylian, Sergio Ramos, Leandro Paredes, Mauricio Pochettino, I've, it's, Angel Di Maria, Mbappe, Zlatan Ibrahimovic, Sweden's Ibrahimovic, Uruguay's, Jorge Sampaoli, Julien Pretot, Toby Davis Organizations: Soccer Football, League, Paris St Germain, Saint, Paris St, Olympique de Marseille, RB Leipzig, Real Madrid, Saturday, PSG, OM, Velodrome, Messi, Ligue, Thomson Locations: Germain, Laye, France, Paris, Brazil, Argentine, Marseille, Leipzig
Turkey to banish 10 Western ambassadors, Erdogan says
  + stars: | 2021-10-23 | by ( ) www.cnbc.com   time to read: +3 min
Turkish President Tayyip Erdogan said on Saturday he had ordered the foreign ministry to declare 10 ambassadors from Western countries 'persona non grata' for calling for the release of philanthropist Osman Kavala. You will sort it out immediately," Erdogan said in a speech in the city of Eskisehir in northwest Turkey. "They will know and understand Turkey. The day they do not know and understand Turkey, they will leave," he said to cheers from the crowd. Erdogan was cited on Thursday as saying the ambassadors in question would not release "bandits, murderers and terrorists" in their own countries.
Persons: Tayyip Erdogan, Osman, Erdogan, Demirtas Organizations: NATO, White House, . State Department, of Human, Kurdish Peoples ' Democratic Party, of Europe, Turkey, Kavala Locations: Brussels, Belgium, Osman Kavala, Kavala, Canada, Denmark, France, Germany, Netherlands, Norway, Sweden, Finland, New Zealand, United States, Eskisehir, Turkey, U.S
They were summoned by the foreign ministry, which called the statement irresponsible. The Norwegian Foreign Ministry said its embassy in Ankara had not received information from Turkish authorities regarding the matter at this time. Erdogan was cited on Thursday as saying the ambassadors in question would not release "bandits, murderers and terrorists" in their own countries. The Council of Europe, which oversees the implementation of ECHR decisions, has said it will begin infringement proceedings against Turkey if Kavala is not released. The next hearing in the case against Kavala and others is due on Nov. 26.
Persons: Recep Tayyip Erdogan, Tayyip Erdogan, Osman, Erdogan, Trude Maaseide, Maaseide, Demirtas, Nora Buli, Daren Butler, Peter Graff, Kevin Liffey, Frances Kerry Organizations: REUTERS, White House, . State Department, Norwegian Foreign Ministry, Reuters, European Human Rights, Kavala, of Human, Kurdish Peoples ' Democratic Party, of Europe, Turkey, Thomson Locations: Kavala, Turkey ISTANBUL, Osman Kavala, Canada, Denmark, France, Germany, Netherlands, Norway, Sweden, Finland, New Zealand, United States, Turkey, Eskisehir, The U.S, Norwegian, Ankara, Oslo
FOREX-Dollar dips as rate hike bets fade
  + stars: | 2021-10-22 | by ( Karen Brettell | ) www.reuters.com   time to read: +3 min
That repricing momentum has now faded as investors take profits and also build expectations for sooner rate increases in other currencies. The dollar index fell 0.17% to 93.57, and is down from a one-year high of 94.56 last week. “Once we get the pushback from other central banks and the Fed’s committed to taper we should see dollar dips really being shallow,” Issa said. The yen gained against the greenback, though it remains the weakest performer having dropped by more than 10% this year. The dollar was last down 0.19% against the Japanese currency at 113.77 yen.
Persons: Karen Brettell, we’ve, , Mazen Issa, Issa, ” Issa, Susan Fenton Organizations: Federal Reserve, greenback, Investors, Fed, Securities, Aussie, RIC Locations: New York, Norway, Sweden
Dollar pares losses as Powell signals bond taper
  + stars: | 2021-10-22 | by ( Karen Brettell | ) www.reuters.com   time to read: +4 min
NEW YORK (Reuters) - The dollar pared losses on Friday after Federal Reserve Chairman Jerome Powell said the U.S. central bank should begin reducing its asset purchases soon, but should not yet raise interest rates. U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. The dollar index fell 0.10% to 93.64, and is down from a one-year high of 94.56 last week. The dollar rally has also faded as investors build in expectations for sooner rate increases in other currencies. “Once we get the pushback from other central banks and the Fed’s committed to taper, we should see dollar dips really being shallow,” Issa said.
Persons: Jerome Powell, Dado Ruvic, Powell, we’ve, , Mazen Issa, Issa, ” Issa, Bitcoin Organizations: YORK, Federal, REUTERS, Fed, Securities, RIC Locations: U.S, New York, Norway, Sweden
Johan Jeppsson | Bloomberg via Getty ImagesLONDON — A growing number of renowned U.S. tech investors are moving to Europe to capitalize on the continent's start-ups. It comes after several European tech companies saw their valuations sky-rocket during the coronavirus pandemic. "It's great for the ecosystem because 3/4 of the winning companies in Europe raise from U.S. funds anyway," he added. Sequoia has backed more than 10 companies in Europe since opening the London office. Coatue Ventures Chairman Dan Rose told CNBC that the European office will be opened at some point in the near future without specifying where it will be.
Persons: Sebastian Siemiatkowski, Johan Jeppsson, Klarna, Alex Ferrara, Ferarra, Paul Murphy, Ross Mason, Murphy, Mason, Adrian Radu, Rytis Vitkauskas, Catalyst, Chris Bischoff, Juliet Bailin, Hussein Kanji, Matt Miller, chipmaker Graphcore, Miller, Dan Rose, Rose Organizations: Bloomberg, Getty, Bessemer Venture Partners, LinkedIn, CNBC, Lightspeed Ventures, Games, Salesforce, Qatalyst Partners, European Union, Hoxton Ventures, U.S, Apple, Google, Coatue Management, Coatue, Facebook Locations: Stockholm, Sweden, Europe, U.S, Dutch, New York, London, Silicon Valley, Geneva, Airbnb, Asia, European, of London, San Francisco, Marylebone, Bristol, , New York
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