By Reuters Staff
1 Min Read
MADRID, March 17 (Reuters) - The head of Spain’s stock market supervisor said on Wednesday he expected around half a dozen of companies to make their debut in the Spanish market in 2021, which would set a record.
“We could be speaking about half a dozen IPOs, which would be the highest since we have records at the commission,” Rodrigo Buenaventura, the head of Spain’s CNMV said on Wednesday.
Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Inti Landauro
3 Min Read
NEW YORK (Reuters) - A gauge of global stocks gained on Wednesday and the U.S. dollar slid after the Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come.
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri
The yield on the benchmark U.S. Treasury note, whose surge has roiled markets in recent weeks, fell back after hitting its highest level since January 2020 ahead of the highly anticipated statement from the central bank.
Bulgaria reports 603 new COVID-19 cases on Sunday (Adds detail, more comments)
SOFIA, Oct 18 (Reuters) - Bulgaria will not need to impose a full lockdown to contain the second wave of the COVID-19 pandemic if it follows protective measures like mask-wearing and social distancing, International Monetary Fund Managing Director Kristalina Georgieva said.
“Bulgaria risks, like every other country, a shock from a second wave,” Bulgarian-born Georgieva told a briefing for Bulgarian media on Sunday by videoconference.
“It does not mean a full lockdown when you follow protective measures, like wearing masks, social distancing and testing. This is what we should do now in the face of a second wave.”
3 Min Read
ATHENS (Reuters) - Greece raised 2.5 billion euros on Wednesday from its first 30-year bond sale in more than a decade, with an issue that was more than 10 times oversubscribed, the public debt management agency said.
The bond drew investor demand of more than 26.1 billion euros. It was priced at 150 basis points over the mid-swap level, resulting a yield of about 1.93%, the highest among euro zone countries in that maturity.
Greece last issued a 30-year bond in 2008, a year before the start of a debt crisis that threatened to tip it out of the European Union’s single currency. After regaining market access in 2017, it has gradually been issuing longer-dated bonds, venturing out to a 15-year maturity last year.
5 Min Read
HOUSTON (Reuters) - The Texas attorney general on Wednesday said state law allows the utilities regulator to cut billions of dollars from storm-inflated electric bills, an endorsement that came hours after the ouster of the regulator who opposed retroactive cuts.
FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura/File Photo
The drive to reverse $4.1 billion in emergency prices gained momentum after a magazine published inflammatory comments by Public Utility Commission Chair Arthur D’Andrea. In a March 9 call with Bank of America analysts and investors, he said he “tipped the scale” to protect utility profits. He also minimized the financial pain caused by storm pricing to municipal power companies.