Author: FX

AsiaVision/E+ via Getty Images Canadian payments processor Nuvei Corp. (NASDAQ:NVEI), which is backed by celebrity entrepeneur Ryan Reynolds, is nearing a buyout from private equity firm Advent International. Advent is in advanced discussions with Nuvei (NVEI) for a deal that may be announced soon, according to a WSJ report on Saturday, which cited people familiar with the matter. It’s possible that the talks could still fall apart. A potential deal comes after Nuvei (NVEI) announced in April that the Canadian fintech firm received an investment from Hollywood actor Reynolds. Reynolds’ investment in Nuvei came less than a month after it…

© Reuters. Smoke rises as a volcano erupts along Route 41 in the Reykjanes Peninsula, Iceland December 19, 2023. REUTERS/Sigurdur Davidsson/FILE PHOTO COPENHAGEN (Reuters) -A volcano in Iceland erupted on Saturday for the fourth time since December, the country’s meteorological office said, spewing smoke and bright orange lava into the air in sharp contrast against the dark night sky. In a video shot from a Coast Guard helicopter and shown on public broadcaster RUV, fountains of molten rock soared from a long fissure in the ground, and lava spread rapidly to each side. The eruption began at 2023 GMT and…

CHUNYIP WONG/iStock via Getty Images U.S. banks, particularly the smaller ones, have been in the spotlight over the last year given their outsized loan exposure to the $20T commercial real estate market, which has been confronted with twin hurdles of financing challenges exacerbated by elevated interest rates and diminished office occupancy driven by the widespread shift to remote work. As of Q3 2023, most CRE loans outstanding (56.1%) were held by small banks with less than $20B in assets, UBS pointed out in a note to clients last month. By comparison, the big banks, with an asset base of more…

GOLD PRICE OUTLOOKGold prices retreated this week but are still up more than 5% in MarchThe Fed’s monetary policy announcement will take center stage in the coming weekThis article examines XAU/USD’s technical outlook and key price levelsMost Read: EUR/USD Levels Off at Support Ahead of Key Fed Decision – Outlook & AnalysisGold prices (XAU/USD) retreated this week, falling about 1.05% to $2,155, dragged lower by the rebound in U.S. Treasury yields and the U.S. dollar. Despite this setback, the precious metal maintains strong bullish momentum, reflected by its March performance to date, which has produced a gain of around 5.5%…

Laser1987 The U.S. Federal Aviation Administration (FAA) will investigate how a United Airlines (NASDAQ:UAL) Boeing (NYSE:BA) 737-800 aircraft lost an external panel before landing safely in Oregon on Friday. United Airlines flight 433 – a Boeing 737-800 carrying 139 passengers and six crew – landed safely on Friday at its scheduled destination at Rogue Valley International Medford Airport in Oregon after departing from San Francisco, the FAA and the airline said. The FAA said that an inspection after landing revealed a missing panel, and that it will investigate the incident. “After the aircraft was parked at the gate, it was…

© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo (Reuters) -Tesla said on Saturday it would increase the price for its Model Y electric vehicles (EV) in a number of European countries on March 22 by approximately 2,000 euros ($2,177) or the equivalent in local currencies. The move, announced in a post on social media platform X, followed the automaker’s announcement on Friday that it would increase prices for all Model Y cars in the U.S. by…

EURUSD: 1:25GBPUSD: 4:50USDJPY: 8:50USDCHF: 13:50USDCAD: 17:00NZDUSD: 20:23 This article was written by Greg Michalowski at www.forexlive.com. Source link

Our strategists were only able to get out two discussions this week, this time focusing on U.K. jobs data, the developments around a potential hike from the Bank of Japan, and U.S. inflation updates. One turned out to rough, while the other played out almost perfectly. Check out our reviews to see what happened and how we did! If you’d like to follow our “Play of the Day” picks right when they are published throughout the week, you can subscribe to BabyPips Premium. On Tuesday, after seeing net weaker than expected U.K. economic data – rising unemployment and slowing wage growth…

Just_Super/E+ via Getty Images HashiCorp (NASDAQ:HCP) rose 12% in after-hours trading on Friday after a report that the cloud software company is evaluating its options, including a sale. The company has been working with a financial adviser in recent months to gauge interest from possible bidders, according to a Bloomberg report late Friday, which cited people familiar with the matter. HashiCorp (HCP) has already had exploratory conversations with other industry players. Talks are ongoing and there’s no certainty that a deal will be reached. San Francisco-based HashiCorp has a market cap of $5.3 billion. Source link

© Reuters. FILE PHOTO: People visit the Huawei stand at the 2024 Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Albert Gea/File Photo SHANGHAI (Reuters) – Huawei said that a shortage of semiconductors and factory relocation issues that had delayed production and deliveries of its Luxeed S7 sedan should be resolved from next month, local media outlet Cailianshe reported on Saturday. It quoted Huawei managing director and chairman of its smart car solutions, Richard Yu, who was speaking about the issues surrounding Chery’s Luxeed S7 sedan at an annual forum organised by the EV100 think tank. Reuters reported…