Italy's Treasury has mandated a group of international banks to manage an upcoming sale of U.S. dollar-denominated bonds. The offering will be structured in three parts with maturities in 2031, 2036, and 2056.
According to a report from Citi, the Japanese yen's recent weakness is closely tied to the strong performance of the country's equity markets. Investors are reportedly selling the yen to hedge their gains in Japanese stocks, putting downward pressure on the currency.
The yield on Germany's 2-year government bond edged higher on Friday, stabilizing after a sharp rally pushed it to its lowest level since mid-April. The market move comes as investors assess cooling economic data and a changing geopolitical landscape.
Air Canada has appointed Anko van der Werff, the current CEO of Scandinavian Airlines, as its next President and Chief Executive Officer, effective by the end of January 2027. He will succeed Michael Rousseau, who announced his retirement.
The U.S. dollar was little changed on Monday after recording its worst single-day performance since late April, as investors shifted their focus to the Federal Reserve's monetary policy outlook. The Japanese yen remained near a 40-year low, keeping markets on alert for potential intervention.
Italy's Treasury has mandated a group of major banks to manage an upcoming syndicated sale of U.S. dollar-denominated bonds. The new issuance will be offered in three tranches with maturities in 2031, 2036, and 2056.
The FTSE 100 and other European markets recovered from earlier sharp declines on Wednesday following volatile trading. The market moves were spurred by comments from U.S. President Donald Trump, who stated that a ceasefire deal with Iran was "over" amid escalating military actions in the Gulf.
DWS Group, the asset management division of Deutsche Bank, is reportedly planning to rebrand as Deutsche Asset Management later this year. The move aims to increase visibility with institutional clients outside of Germany by leveraging its parent company's global brand recognition.
Bitcoin's price saw a modest recovery on Monday, but the cryptocurrency is still headed for its second consecutive quarterly decline amid persistent outflows from spot ETFs and a hawkish Federal Reserve outlook.
