UPDATE 1-Soccer-Italy's Serie A clears way for private equity investment

(Adds background, detail) By Elisa Anzolin and Elvira Pollina MILAN, Sept 9 (Reuters) – Italy’s Serie A soccer clubs agreed on Wednesday to set up a new media company to handle the league’s broadcast rights and are deciding between two rival private equity bids seeking a stake in the business, club officials said. Looking for ways to lift flagging revenues […]

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UPDATE 1-German bond yields edge up from 2-week lows as stocks stabilise

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds details, comments) By Yoruk Bahceli AMSTERDAM, Sept 9 (Reuters) – German government bond yields edged up on Wednesday from two-week lows touched in earlier trade as global stock markets stabilised after the previous day’s rout. A sell-off in high-flying U.S. technology shares, fuelled partly by concerns around excess purchases of call […]

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Lipsticks out, lotions in: Beauty industry set for facelift and comeback, says DBS

SINGAPORE (THE BUSINESS TIMES) – Prepare for a surge in online beauty shoppers and skincare-mask fanatics. While the ubiquity of surgical masks and the work-from-home (WFH) trend is unlikely to spell the end for makeup, more consumers will be ditching their lipsticks and blushes while stocking up on serums and cleaners. That’s according to DBS Chief Investment Office (CIO), which […]

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EMERGING MARKETS-Latam FX drops as Wall St rout spurs dollar demand

* Mexican shares lead losses * Mexican peso, Colombian peso hurt by oil slide * MSCI Latam shares index drops over 2% (Adds details, updates prices) By Susan Mathew and Ambar Warrick Sept 8 (Reuters) – Emerging market currencies fell on Tuesday as a sharp fall on Wall Street sent panicked investors into the U.S. dollar, with simmering Sino-U.S. tensions […]

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CANADA FX DEBT-Canadian dollar slides to 2-week low as oil prices tumble

* Canadian dollar falls 0.5% against the greenback * Loonie touches its weakest since Aug. 26 at 1.3177 * Price of U.S. oil decreases 6.5% * Canadian bond yields ease across much of a flatter curve TORONTO, Sept 8 (Reuters) – The Canadian dollar fell to a near two-week low against its broadly stronger U.S. counterpart on Tuesday, as oil […]

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EMERGING MARKETS-Philippine stocks jump as daily COVID-19 tally dips

* Investors await the open of U.S. markets after a long weekend * Rupiah dips most among currencies * Philippines up 1.7% as daily COVID-19 cases drop to 8-week low * Graphic: World FX rates tmsnrt.rs/2egbfVh By Nikhil Nainan Sept 8 (Reuters) – Philippine stocks climbed nearly 2% on Tuesday as the number of new COVID-19 cases fell to their […]

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S.Korea stocks rise on Samsung-led tech rally

* KOSPI rises, foreigners net sellers * Korean won flat against U.S. dollar * South Korea benchmark bond yield falls SEOUL, Sept 8 (Reuters) – Round-up of South Korean financial markets: ** Technology companies helped South Korean shares rise for a second straight session on Tuesday, on boost from Samsung Electronics’ , and as coronavirus cases gradually decreased in the […]

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GLOBAL MARKETS-With big tech on holiday, world shares inch higher

(Updates prices) * European stocks rise sharply, FTSE helped by weak pound * Pound down 0.5% as no deal Brexit risks rise * Japan’s Nikkei falls, Chinese shares in red * Currency market action muted * Oil falls 1.2% after Saudi price cuts By Thyagaraju Adinarayan LONDON, Sept 7 (Reuters) – World shares rose slightly led by Europe on Monday […]

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CEE MARKETS-CEE shares gain, forint firms ahead of ECB meeting

BUCHAREST, Sept 7 (Reuters) – Emerging European stocks tracked broader markets higher on Monday as sentiment recovered after a batch of middling economic data last week lifted hopes that the European Central Bank would maintain an accommodative stance to support inflation. Traders also took stock of the latest U.S. jobs data and prepared for the ECB meeting on Thursday to […]

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EMERGING MARKETS-China's upbeat exports counter SMIC blow for stocks

* China August exports up 9.5% y/y; imports down 2.1% * Ayala Land jumps over 5%, supports Philippine shares * Graphic: World FX rates tmsnrt.rs/2egbfVh Sept 7 (Reuters) – Shanghai shares pared losses on Monday while Philippine stocks climbed over 1% in thin holiday trade, as upbeat Chinese exports and U.S.-China trade tensions vied for market attention. Shares in China’s […]

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