ABN Amro Bank NV agreed to buy German lender Hauck & Aufhäuser Lampe Privatbank AG from Fosun International Ltd. for €672 million ($730 million), expanding the Dutch company’s reach in wealth management. from Bloomberg Markets https://ift.tt/ZhU8G9s
JGBs consolidated in the morning Tokyo session, but may be weighed by prospects of more BOJ policy normalization sparked by Monday’s comments from BOJ Gov. Ueda and Deputy Gov. Uchida. https://www.wsj.com/articles/jgbs-consolidate-may-be-weighed-by-prospects-of-boj-normalization-b05c2404
Argentine President Javier Milei fired his cabinet chief Nicolas Posse Monday as the government’s major reform bill has stalled in congress, marking the most high-level departure since Milei took office Dec. 10. from Bloomberg Markets https://ift.tt/DFYN8rX
A North Korean rocket carrying a spy satellite blew up shortly after liftoff in a setback for leader Kim Jong Un, who went to Russia last year seeking help to place an array of reconnaissance probes into orbit. from Bloomberg Politics https://ift.tt/ZhoiVpx
The 4DX experience costs an average of $8 more than traditional ticket prices, but that doesn’t seem to deter audiences. https://www.cnbc.com/2024/05/27/4dx-movie-experience.html
WTI crude oil futures were higher in the early Asian session on prospects for OPEC+ to extend production cuts at its meeting on Sunday. https://www.wsj.com/articles/wti-crude-oil-futures-climb-on-prospects-for-opec-to-extend-cuts-57e40903
The Turkish parliament’s Planning and Budget Committee will discuss a draft law this week that would require crypto asset service providers to obtain licenses and register. This move aims to enhance Turkey’s compliance with the Financial Action Task Force (FATF) standards. In 2021, FATF placed Turkey on its “grey list” due to inadequate oversight of…
Haidi Stroud-Watts in Sydney and Annabelle Droulers in Singapore drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/3dlEJIw
Rising interest rates in Japan will do little to rescue the beleaguered yen as long as there’s demand for one of the most lucrative bets in foreign exchange, traders say. from Bloomberg Markets https://ift.tt/Tn48gdG
ABN AMRO Bank has agreed to acquire a private German bank for 672 million euros, positioning itself as one of the top three wealth-management firms in the country. https://www.wsj.com/articles/abn-amro-to-buy-private-german-bank-for-eur672-million-adec59a4