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KKR to launch sale of Goodpack, valued at around $1.8 bln, sources say

UPDATE 1-KKR to launch sale of Goodpack, valued at around $1.8 bln, sources say Adds response from Goodpack in paragraph 6 By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE, Oct 16 (Reuters) - KKR & Co KKR.N is set to launch the sale of Singapore-based Goodpack in a deal that could value the provider of shipping containers and logistics services at around $1.8 billion, people with knowledge of the matter said.
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Top of the Street: L'Oreal, Teleperformance, Irish banks, Informa

BUZZ-Top of the Street: L'Oreal, Teleperformance, Irish banks, Informa A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** J.P. Morgan cuts L'Oreal OREP.PA to "underweight" from "neutral", citing perceived risks to the French firm's growth expectations and premium rating ** Kepler Cheuvreux raises French telemarketer Teleperformance TEPRF.PA to "buy" from "hold", saying appointment of new chairman may speed up CEO transition, and deeming "sequential" improve
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Just Eat Takeaway slips as Q3 GTV and order volume lag estimates

CORRECTED-BUZZ-Just Eat Takeaway slips as Q3 GTV and order volume lag estimates Corrects 6th bullet to say 9-month growth, not Q3, was 3% ** Shares in Just Eat Takeaway TKWY.AS fall over 2% after Europe's biggest food delivery firm by revenue missed forecasts for Q3 gross transaction value (GTV) and order volume ** GTV, a common metric for delivery
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KKR to launch sale of Goodpack, valued at around $1.8 bln, sources say

KKR to launch sale of Goodpack, valued at around $1.8 bln, sources say By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE, Oct 16 (Reuters) - KKR & Co KKR.N is set to launch the sale of Singapore-based Goodpack in a deal that could value the provider of shipping containers and logistics services at around $1.8 billion, people with knowledge of the matter said.
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What to expect in 2024: Forecasts for GDP, inflation and other assets

FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets Updates with Goldman Sachs and UBS Global Research S&P targets, BofA and Deutsche Bank 10-year yield targets, FX forecasts from BofA, UBS and Citigroup and GDP forecasts from Deutsche Bank, BofA and Goldman Sachs Oct 15 (Reuters) - The U.S. Federal Reserve finally cut its interest rate by an oversized 50 basis points (bps) in its Sept 17-18 meeting that Chair Jerome Powell said was meant to show policymakers' commitmen
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Mankind Pharma sees strong demand for debut bond, bankers say

UPDATE 2-India New Issue-Mankind Pharma sees strong demand for debut bond, bankers say Updates paragraph 10 with responses from bankers By Dharamraj Dhutia and Bhakti Tambe MUMBAI, Oct 15 (Reuters) - Indian mutual funds were large buyers for a maiden bond issue from Mankind Pharma MNKI.NS , three bankers, including one directly involved in the deal, said on Tuesday.
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Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years

UPDATE 2-Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. INSEE: French inflation slowed more than expected in Sept. Energy shares hit multi-week lows Ericsson climbs after Q3 core profit beat Deutsche Bank falls after Goldman carries out stock sale Updated at 1600 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 15 (Reuters) - European shares posted their
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European shares climb to two-week highs; oil stocks slump

European shares climb to two-week highs; oil stocks slump For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Oct 15 (Reuters) - European shares scaled a fresh two-week high on Tuesday, while investors monitored the ongoing corporate earnings season and awaited further economic cues from the central bank's interest rate decision due later this week.
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Deutsche Bank shares fall after Goldman carries out stock sale

UPDATE 2-Deutsche Bank shares fall after Goldman carries out stock sale Updates with opening shares, graphic, and analyst comment FRANKFURT, Oct 15 (Reuters) - Deutsche Bank DBKGn.DE shares fell 1.8% early on Tuesday after the sale of a block of some 16 million shares in Germany's largest lender, making the lender one of the biggest losers in the DAX index of blue-chip stocks.
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Sale of 16 million Deutsche Bank shares priced at 16.01 euros, bookrunner says

REFILE-Sale of 16 million Deutsche Bank shares priced at 16.01 euros, bookrunner says Refiles to correct day in paragraph 1 to Tuesday, not Monday FRANKFURT, Oct 15 (Reuters) - The sale of some 16 million shares in Deutsche Bank DBKGn.DE were priced at 16.01 euros ($17.43), a bookrunner for the transaction said on Tuesday. It remained unclear who was behind the sale of shares in Germany's largest bank.
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Five reasons to still worry about inflation

LIVE MARKETS-Five reasons to still worry about inflation STOXX 600 down 0.1% Telecoms, utilities lead UK gambling names fall Wall St futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com FIVE REASONS TO STILL WORRY ABOUT INFLATION Markets have spent all year worrying about inflation, and while price rises are nearly back at target, and at it in several markets, Deutsche
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How the euro can fall to parity vs dollar

LIVE MARKETS-How the euro can fall to parity vs dollar STOXX 600 down 0.1% Investors overlook French budget Luxury shares lag S&P futures down 0.1% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com HOW THE EURO CAN FALL TO PARITY VERSUS DOLLAR The debate surrounding the euro-dollar outlook remains intense, with investors focused on the divergence of the Fed's and the ECB's easing p
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US regulators impose penalties to resolve money laundering probes

FACTBOX-US regulators impose penalties to resolve money laundering probes Oct 10 (Reuters) - Canada's TD Bank TD.TO agreed to pay a combined $3 billion in penalties on Thursday as part of a settlement with U.S. authorities over charges it failed to monitor and prevent money laundering. The issue highlights a recurring challenge in the financial industry.
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Top of the Street: Anglo American, Boliden, Brenntag, Wacker Chemie

BUZZ-Top of the Street: Anglo American, Boliden, Brenntag, Wacker Chemie A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Stifel raises German chemicals distributor Brenntag BNRGn.DE to "buy" from "hold" citing a potential upside to the stock price, and says it expects 2025 to be the second year of earnings recovery for the diversified chemicals sector ** J.P.Morgan cuts Anglo American AAL.L to "neutral" from "overweight" and Boliden BOL.ST to "underweigh
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UBS tech chief says Credit Suisse integration is on track after test run

UPDATE 1-UBS tech chief says Credit Suisse integration is on track after test run UBS has begun moving Credit Suisse clients to its platforms Test run completed last month, IT chief Dargan says CEO has flagged IT integration as a big risk Adds detail in paragraphs 1 and 11 By Oliver Hirt ZURICH, Oct 10 (Reuters) - UBS's UBSG.S technology chief is confident that the hugely complex integration of Credit Suisse, bringing its former rival's clients and data onto its own platforms, is "bang on target
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Anglo American, Boliden, Central Asia Metals

EUROPE RESEARCH ROUNDUP-Anglo American, Boliden, Central Asia Metals Oct 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Anglo American, Boliden and Central Asia Metals, on Thursday. HIGHLIGHTS * Anglo American AAL.L : JP Morgan cuts to neutral from overweight * Boliden AB BOL.ST : JP Morgan cuts to underweight from neutral * Central Asia Metals Plc CAML.L : Berenberg cuts to hold from buy * Fevertree Drinks Plc FEVR.L : Exane BN
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Updates: Alphabet, Adds: Whitestone, Adani Enterprises, LVMH Oct 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: * * MCB Real Estate has sweetened its offer to acquire U.S. shopping center operator Whitestone REIT WSR.N to $1.45 billion including debt, according to a letter reviewed by Reuters on Wednesday.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Oct 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Wednesday: ** Abu Dhabi's sovereign wealth fund, one of the largest shareholders in Thames Water, has written off its nearly 9.9% stake in the troubled British utility, the Financial Times reported. nL4N3LK1SI ** China's Zijin Mining Group 601899.SS will buy the Akyem Gold Mine Project in Ghana from U.S.-based Newmont Corp NEM.N for $1 billion, the comp
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DB cuts ING to 'hold' with returns peak behind

BUZZ-DB cuts ING to 'hold' with returns peak behind ** Shares in ING Groep INGA.AS slip around 3% after Deutsch e Bank cut the Dutch lender to "hold" from "buy", seeing capital return and buybacks likely peaking this year ** It expects less support from ING's replicating portfolio in lower rates environment , with fees accounting for less than 20%
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DB cuts Aixtron to 'hold' on worsening outlook for SiC biz

BUZZ-DB cuts Aixtron to 'hold' on worsening outlook for SiC biz ** Deutsche Bank cuts German chip systems manufacturer Aixtron AIXGn.DE to "hold" from "buy" due to a worsening outlook for the power semi business, especially silicon carbide (SiC) ** Stock down around 2% ** "2024 will be a transition year with hardly any growth," the brokerage says *
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