Latest Headlines

S.Korea's Naver to acquire Poshmark in U.S. for $1.6 bln

By Joyce Lee SEOUL, Oct 4 (Reuters) - South Korean tech firm Naver Corp 035420.KS said on Tuesday it agreed to a $1.6 billion deal to buy Poshmark Inc, a U.S. secondhand fashion platform, as a strategic investment to enter the U.S. e-commerce market. The $1.6 billion includes consideration for Poshmark's cash holdings, and the enterprise value of Poshmark is about $1.2 billion, a Naver spokesperson said.

XM TV





Latest Research


Trade Ideas

SymbolSourceDirection

Market Sentiment

Symbol
Buy
Sell

Market Summary

News Feed

Mexico to extend talks with U.S. over energy, hails 'productive' dialogue

By Dave Graham MEXICO CITY, Oct 3 (Reuters) - Talks between the United States and Mexico to resolve a dispute over energy policy will extend beyond an initial consultation period as the two sides narrow differences, officials said on Monday. The U.S. Trade Representative (USTR) in July demanded dispute settlement talks on the grounds that Mexican President Andres Manuel Lopez Obrador's energy policies discriminated against U.S.

S.Korea's Naver to acquire Poshmark in U.S. for $1.6 bln

By Joyce Lee SEOUL, Oct 4 (Reuters) - South Korean tech firm Naver Corp 035420.KS said on Tuesday it agreed to a $1.6 billion deal to buy Poshmark Inc, a U.S. secondhand fashion platform, as a strategic investment to enter the U.S. e-commerce market. The $1.6 billion includes consideration for Poshmark's cash holdings, and the enterprise value of Poshmark is about $1.2 billion, a Naver spokesperson said.

Superyacht linked to sanctioned Russian on sale for 29.5 mln euros

By Chris Kirkham Oct 1 (Reuters) - A U.S.-based luxury yacht broker is advertising for sale a 168-foot (51-metre) superyacht linked to sanctioned Russian billionaire Igor Kesaev for 29.5 million euros (roughly $29 million), according to an email seen by Reuters. The proposed sale of the MySky yacht, which was disclosed in an advertisement emailed from the brokerage firm to undisclosed recipients on Sept.

Wheat futures retreat after nearing three-month high at CBOT

* Follow-through buying lifts CBOT corn * USDA reported lower-than-expected corn stocks Friday * U.S. soybean harvest progress exceeds expectations By Tom Polansek CHICAGO, Oct 3 (Reuters) - Chicago Board of Trade wheat futures settled lower on profit-taking on Monday after approaching a three-month high reached during the previous session, traders said.
C
W
S

Australia shares set to open higher; NZ ticks up

Oct 4 (Reuters) - Australian shares are likely to open higher on Tuesday, tracking a jump on Wall Street overnight, while investors await a policy interest rate decision by the country's central bank later in the day. The local share price index futures YAPcm1 rose 1.6%, a 97.1-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark slipped 0.3% on Monday.
A

U.S. to impose costs on Iran for crackdown on protests, Biden says

WASHINGTON, Oct 3 (Reuters) - The United States this week will impose further costs on Iranian officials responsible for violence against demonstrators who protested against Iran's government after the death of Mahsa Amini, President Joe Biden said on Monday. Amini, a 22-year-old from Iranian Kurdistan, was arrested on Sept. 13 in Tehran for "unsuitable attire" by the morality police.

Wall Street opens fourth quarter on high note as oil surges

(Add prices following U.S. market close) * U.S. stocks close up over 2% after September selloff * Oil surges over 4% on reduced supply outlook * Treasury yields slip By Pete Schroeder WASHINGTON, Oct 3 (Reuters) - U.S. stocks rose sharply on the first day of trading of the fourth quarter as volatile swings continued to dominate markets, while the prospect of reduced supply pushed oil up nearly $4 a barrel.
G
U
U
U
O
B

Wall Street closes with sharp gains as final quarter begins

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * * Tesla down as Q3 deliveries miss market estimates * U.S. factory activity slowest in ~2.5 years in Sept -ISM * Credit Suisse, Citi cut 2022 year-end target for S&P 500 * Indexes up: Dow 2.66%, S&P 500 2.59%, Nasdaq 2.27% By Echo Wang Oct 3 (Reuters) - Wall Street's three major indexes rallied to close over 2% on Monday as U.S.
A
M
T
U
U
U

Sterling climbs after tax plan reversal, dollar also weaker against other major currencies

(New throughout, updates prices, market activity and comments to include late NEW YORK trading) By Caroline Valetkevitch and Alun John NEW YORK/LONDON, Oct 3 (Reuters) - Sterling jumped against the dollar on Monday after Britain reversed a plan to cut the highest rate of income tax, and the dollar was also down against other major currencies. The pound GBP=D3 rose against the dollar after media reports of the u-turn to its highest level since Sept.

C$ posts biggest gain in two years as risk appetite rebounds

* Canadian dollar strengthens 1.4% against the greenback * Posts its biggest advance since June 2020 * Price of U.S. oil settles 5.2% higher * Canadian bond yields ease across curve By Fergal Smith TORONTO, Oct 3 (Reuters) - The Canadian dollar on Monday notched its biggest gain in more than two years against its U.S. counterpart as oil prices jumped and investors grew less fearful of owning beaten-down financial assets entering the final quarter of the year.
E
O

Ghana's Cocobod signs $1.13 bln loan for 2022/23 cocoa purchases

By Christian Akorlie and Ange Aboa ACCRA, Oct 3 (Reuters) - Cocobod, Ghana's cocoa regulator, signed a $1.13 billion syndicated loan on Monday with international banks to finance purchases for the upcoming season, which is due to open later this month, it said in a statement. Ghana, the world's second-largest cocoa producer behind Ivory Coast, uses loans from international banks every year mainly to finance bean purchases.
S

Euro, yen FX swap rates hit more than two-year highs, flag U.S. dollar funding stress

By Gertrude Chavez-Dreyfuss NEW YORK, Oct 3 (Reuters) - The cost of raising short-term U.S. dollar funds in Japanese and European currency swap markets surged to more than two-year highs on Monday, suggesting increased demand for the greenback as funding pressure grew due to volatile financial markets characterized by global central bank tightening. The cross-currency basis swap, or relative premium for swapping euro and yen for dollars, has widened since last week due in part to year-end relate

U.S. Treasury encourages new laws to address crypto regulation gaps

By Hannah Lang Oct 3 (Reuters) - The Financial Stability Oversight Council (FSOC), a U.S. regulatory panel comprising top financial regulators, on Monday recommended that Congress pass legislation addressing risks digital assets pose to the financial system, including bills to bolster oversight of crypto spot markets and stablecoins. In a report following U.S.

BoE's Mann says sterling, inflation, energy influenced her rate hike vote

By David Milliken LONDON, Oct 3 (Reuters) - Bank of England policymaker Catherine Mann said her vote last month to raise Bank Rate by 0.75 percentage points reflected her concerns about a weak currency, rising inflation expectations and the boost to household incomes from an energy price cap. The BoE's Monetary Policy Committee was split three ways when voting to raise rates last month, with the majority supporting a half-point rate rise to 2.25%, while Mann and two others backed 2.5% and new me

Afreximbank approves $200 mln for crude pipeline: Uganda presidency

KAMPALA, Oct 3 (Reuters) - Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda's crude, and is willing to finance construction of a refinery in the east African country, Uganda's presidency said on Monday. The $3.5 billion pipeline will run from landlocked Uganda's oilfields in the country's west to a port on Tanzania's Indian Ocean coast, but has drawn criticism from environmentalists and European Union lawmakers.

Wall Street closes with sharp gains as final quarter begins

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * * U.S. factory activity slowest in ~2.5 years in Sept -ISM * Credit Suisse, Citi cut 2022 year-end target for S&P 500 * Dow, S&P 500, Nasdaq up (Updates with closing prices) By Echo Wang Oct 3 (Reuters) - Wall Street stocks ended with sharp gains on Monday at the start of the final quarter of a tumultuous year with interest rate hikes amid historically hot inflation and fears of slowing econ
A
M
T
U
U
U

Bond market bets U.S. inflation will eventually behave for Fed

By Alden Bentley Oct 3 (Reuters) - The soundest gauges of the bond market's long-term inflation view plunged last week to their lowest in almost two years, suggesting investors think the Fed will get inflation back near its target level as it hikes rates and slows the economy. The five- and 10-year Breakeven Inflation rates USBEI5Y=RR USBEI10Y=RR , which reflect the difference in yields of U.S.

Brazil's real jumps over 4% as Bolsonaro's strong showing spurs policy cheer

* Brazil's real set for best session since June 2018 * Colombia's peso jumps nearly 2% as oil rallies (Updates comment, prices) By Susan Mathew and Amruta Khandekar Oct 3 (Reuters) - Brazil's real jumped over 4% on Monday while stocks were on course for their best session since April 2020 as investors cheered far-right President Jair Bolsonaro's stronger-than-expected showing in the first round of a presidential election.
U

Wall Street surges as final quarter begins

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Tesla down as Q3 deliveries miss market estimates * U.S. factory activity slowest in ~2.5 years in Sept -ISM * Credit Suisse, Citi cut 2022 year-end target for S&P 500 * Indexes up: Dow 2.99%, S&P 500 2.94%, Nasdaq 2.67% (updates prices) By Echo Wang Oct 3 (Reuters) - Wall Street's three major indexes rallied over 2.5% on Monday to start the final quarter of a tumultuous year in which invest
A
M
T
U
U
U

Mexico-U.S. energy talks to be extended as progress seen, sources say

By Dave Graham MEXICO CITY, Oct 3 (Reuters) - Talks to resolve a dispute between the United States and Mexico over Mexico's energy policies will extend beyond an initial consultation period as the two sides narrow differences, according to three officials familiar with the matter. The office of the U.S. Trade Representative (USTR) in July demanded settlement talks on the grounds that President Andres Manuel Lopez Obrador's energy policies discriminated against U.S.



Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.