Adevinta ASA shares fell the most since March 2020 after people with knowledge of the matter said a consortium backed by Permira and Blackstone Inc. is reconsidering its pursuit of the European online classifieds company, threatening a deal that would have ranked among the year’s biggest buyouts.
US President Joe Biden talked with leaders from Canada, France, Germany, Italy and the UK, intensifying diplomatic coordination to try to prevent the Israel-Hamas conflict from spreading.
Some of the biggest money managers in Europe say traders are wrong to bet the European Central Bank is done hiking interest rates.
US Treasuries and gold fell along with crude oil as investors dialed back hedges against an escalation of the conflict in the Middle East.
Japan’s antitrust watchdog has begun an investigation into whether Alphabet Inc.’s Google abuses its market position to block rival services, compounding scrutiny of the internet leader’s business practices across the globe.
Roche Holding AG will pay $7.1 billion to acquire Telavant Holdings Inc., developer of a promising therapy for treating inflammatory bowel disease, in a bid to shore up its pipeline of experimental medicines.
UniCredit SpA offered to buy the Greek state’s 9% holding in Alpha Bank and agreed to acquire Alpha’s local unit in Romania, in a strategic deal aimed at expanding its presence in central and eastern Europe.
Oil declined, tracking losses in equity markets, as Israel was seen holding off its ground invasion of Gaza amid diplomatic efforts to secure the release of more hostages.
Tensions over the South China Sea escalated Monday with China filing a diplomatic complaint, the Philippines summoning Beijing’s ambassador, and President Ferdinand Marcos Jr. ordering a probe a day after vessels from both nations collided in the disputed waters.
A surprisingly strong US economy and mixed signals from the Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say.
