alexa certify

Weekly news summary for March 22-28, 2019

Friday, March 22: Global Bond Yields Post New Lows

Bond yields worldwide hit new multi-year lows on Friday as central banks take a more accommodative stance, with Japan’s 10-year bond yield falling to its lowest since 2016, while the 10-year German Bund’s first drop below 0% since 2016 was short-lived.

The US 10-year Treasuries also declined at 2.50% to mark its lowest since January 2018, New Zealand’s comparative was down below 2% for the first time and Australia’s was only three basis points short from a record low.

Monday, March 25: Nike Receives $14m Fine for Antitrust Violation

EU antitrust regulators has struck Nike with a 12.5 million euro or $14.14 million fine on Monday for preventing cross-border sales of goods of five European football clubs and football federation.

The commission stated that the illegal practices of the sportswear company took place between 2004 and 2017 and related to items bearing the brands of FC Barcelona, Manchester United, Juventus, Inter Milan, AS Roma, and the French Football Federation.

Tuesday, March 26: Uber Acquires Careem in $3.1B Deal ahead of IPO

Uber Technologies on Tuesday announced it has sealed a deal to acquire its Middle East competition Careem for $3.1 billion, as the US ridesharing group aims for top spot in a competitive region ahead of its initial public offering.

Uber stated that it would pay $1.4 billion in cash and $1.7 billion in securities which will be converted into the company’s shares once it goes public next month.

Wednesday, March 27: Renault Reportedly Plans New Nissan Merger Talks

Renaults is reportedly planning to start new merger discussions with Nissan within the 12 months before the French carmaker aims for Fiat Chrysler.

People familiar with knowledge of the matter said the report signals a comeback to the plans backed by former Nissan CEO Carlos Ghosn, who has held talks about merging Renault with Fiat Chrysler two to three years earlier, adding that the French government had expressed their disapproval of the move.

Thursday, March 28: US Dollar Rises after RBNZ Takes a Dovish Stance

The US dollar rose against its peers on Thursday after the Reserve Bank of New Zealand stated that the direction of their next policy decision could be down, becoming the latest central bank to take dovish stances amid a weakening economic outlook.

The dollar index was up at $96.879 and was on track for its third day of gains as several of its peers turned cautious, allowing it to withstand the 15-month low impact from the benchmark US Treasury yields.

  • Support
  • Platform
  • Spread
  • Trading Instrument
User Review
0 (0 votes)

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.

You might also like

Leave a Reply

Subscribe to Our Newsletters

Have the best of Finance Brokerage News delivered directly to your mailbox. Subscribe now to receive the latest market news.