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Mistral AI raises 385 mln euros in second round in seven months

UPDATE 1-Mistral AI raises 385 mln euros in second round in seven months New throughout By Supantha Mukherjee Dec 11 (Reuters) - French artificial intelligence company Mistral AI said on Monday it had raised 385 million euros ($414.41 million) in its second funding round in seven months, led by investors such as Andreessen-Horowitz and LightSpeed Ventures.

Time for a reckoning: Five questions for the ECB

GRAPHIC-Time for a reckoning: Five questions for the ECB By Yoruk Bahceli AMSTERDAM, Dec 11 (Reuters) - Investors seeking to cash in on a policy pivot from the European Central Bank will watch Thursday's meeting for any hint they should sit tight on bets for swift interest rate cuts next year. Euro zone inflation is tumbling and the economy may be in a shallow recession, so traders don't buy the ECB's mantra that rates will stay high for some time.

BNP Paribas expects 75 bps rate cut from ECB next year

BNP Paribas expects 75 bps rate cut from ECB next year Dec 7 (Reuters) - BNP Paribas expects the European Central Bank (ECB) to deliver its first interest rate cut in April 2024 and a "gradual pace of cuts" through the year, citing weak economic activity and easing inflation. BNP Chief Economist Luigi Speranza sees ECB's benchmark rate at 3.25% by 2024-end, from 4% currently, with the first cut expected to be by a quarter percentage point.

Top of the Street: Adyen, Worldline, Boliden, Vodafone, Telia

BUZZ-Top of the Street: Adyen, Worldline, Boliden, Vodafone, Telia A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** In a note on European payments & fintech, Jefferies prefers Adyen ADYEN.AS over Worldline WLN.PA amid difficult market dynamics in 2024 ** The broker upgrades Adyen to "buy" from "hold", saying the Dutch company is well placed to weather the tough macro backdrop in Europe thanks to its global diversification ** On the other hand, it cuts Wor

SocGen to sell two African businesses to Vista Group

UPDATE 2-SocGen to sell two African businesses to Vista Group Adds statement from Vista Group paragraphs 3-4 PARIS, Dec 7 (Reuters) - Societe Generale SOGN.PA , France's third-biggest listed bank, has agreed to sell two African subsidiaries in Burkina Faso and Mozambique to pan-African banking group Vista Group, the companies said on Thursday. Vista will acquire Societe Generale's 52.6% stake in Societe Generale Burkina Faso and its 65% stake in Banco Societe Generale Mocambique.


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