VW, Porsche discusses IPO

Source: Dukascopy Bank SA
Volkswagen AG and its major shareholders announced on Tuesday that they have finished preparing preliminary documents for the planned Porsche's initial public offering with the expected valuation of $50-100B.
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Thu, 24 Feb 2022 20:20:06 GMT

As Russia assaults Ukraine, Wall Street drops more than 1%.

U.S. stock indices fell over 1%, led by losses in bank equities. All 11 key sectors of the S&P 500 index fell, with financial stocks (.SPSY) plunging 2.9 percent, while technology (.SPLRCT) and consumer discretionary stocks (.SPLRCD) both losing more than 1%.

Tue, 22 Feb 2022 11:31:33 GMT

Ramsden says perspectives remain uncertain

Dave Ramsden, the Bank of England Deputy Governor, stated on Tuesday that interest rates should be increased again to 0.75% due to increased uncertainties caused by the pandemic and armed conflict in Eastern Europe.

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