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Denmark’s November 2033 Government Bond Looks Attractive Ahead of Auction
Denmark’s 2.25% November 2033-dated government bond, one of the two bonds at auction on Wednesday, remains the sweet spot on the Danish curve, Nordea said.
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German Government to Begin Exit From Commerzbank
Germany plans to reduce a stake it built in Commerzbank during the financial crisis of 2008 currently valued at about $2.8 billion, after a rally in the bank’s shares.
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Asian Buyout Firm Likely to Sell Malaysia Hospital to IHH Healthcare
Asian buyout firm Affinity Equity Partners is likely to sell its hospital in Malaysia to IHH Healthcare in a deal that could value the asset at over $900 million, people familiar with the process said.
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Telia to Cut Jobs in Cost Saving Drive
Telia is planning to cut 3,000 jobs this year as part of a plan to simplify the business and cut costs, aiming to save around $250 million annually.
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Australian Economy Posts Weakest Growth Since Early 1990s
Consumers and businesses continued to feel the impact of high interest rates, with little expectation of a reprieve from the Reserve Bank of Australia in the near term.
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Asian Chip Stocks Stumble as Recession Fears Resurface, Nvidia Slides
Asian chip stocks took a hit on Wednesday as markets were unnerved by artificial-intelligence chip giant Nvidia’s slump overnight and renewed fears of an economic slowdown.