Euro zone gross domestic product fell less than initially estimated in the last quarter of 2020 and employment edged higher against the previous three months despite pandemic lockdowns, new estimates showed on Tuesday.
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MILAN, Feb 16 (Reuters) - Italy sold debt at near record-low interest rates on Tuesday, riding investor enthusiasm at the appointment of former European Central Bank chief Mario Draghi as prime minister.
Rome is set to raise a total of 14 billion euros ($17 billion) from the sale of a 10-year nominal bond and a 30-year inflation-linked note, one of the banks managing the issue said, adding demand had totalled more than 82 billion euros.
The final size of the order book is well below the record 134 billion euros in demand the two bonds had initially attracted, with many investors dropping out after Italy cut the return on the issues.
Sri Lankan shares ended at more than a month's low on Tuesday, extending losses for a second session, hurt by declines in industrial and financial stocks.
By Reuters Staff
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PARIS, Feb 16 (Reuters) - Sugar group Tereos on Tuesday reported higher third-quarter core earnings on the back of improving sugar prices, but the French company said factors including the coronavirus pandemic and a weak Brazilian real would curb profits in the year ahead.
Tereos, the world’s second largest sugar maker by volume, is currently reviewing its strategy after a change of leadership in December that followed a legal tussle between former management and some of its cooperative members.
The group reported that adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 135 million euros ($163.85 million) in its third quarter to Dec. 31, 2020, up 11% compared with the year-earlier period at current exchange rates.
A rise in the yield of U.S. benchmark government debt has pushed it near thresholds that could fuel a wave of Treasury selling by mortgage investors, a scenario likely to exacerbate the bond selloff and cause rates to spike even further.