WSJ: World News
UBS said its main operating unit expects to book a provision of around $900 million in its second-quarter results on an offer by Credit Suisse Supply Chain Funds to buy out investors.
Sampo has agreed to buy Danish rival Topdanmark for $4.7 billion in an all-share deal, consolidating its position in the property and casualty insurance market.
Eurozone bond market focus will firmly remain on the dynamics of French government bond yield spreads, Commerzbank Research said, as “several sessions of stabilization seem needed to calm nerves, but there is still no quick fix in sight.”
Express’s assets will be folded into a new online retailing venture after a court approved the acquisition of the company’s stores and clothing brands out of bankruptcy.
ING expects to grow its income and for its return on equity to rise in the mid-term, as the lender detailed its financial targets to 2027.
Pressure on the euro is likely to continue in the coming weeks as its near-term prospects will depend on the final outcome of the French election on July 7, UniCredit Research said.
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