Euro hits 6-month high, Asia shares firm after French vote relief

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7 May by

Euro hits 6-month high, Asia shares firm after French vote relief

Euro hits 6-month high, Asia shares firm after French vote relief

The euro hit a six-month high against the dollar on Monday while Asian shares gained and U.S. stock futures briefly touched a record high, on investor relief after centrist Emmanuel Macron comfortably won the French presidential election. Macron's emphatic victory brought comfort to investors and European allies alike, who had been nervous about the risk of another populist upheaval, following Britain's vote to quit the EU and Donald Trump's election as U.S. president - neither of which had been predicted by pollsters or bookmakers. 'Sell in May' may not happen this year," said Hirokazu Kabeya, chief global strategist at Daiwa Securities.


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7 May by

Euro gives up gains as Macron seals French election victory

Euro gives up gains as Macron seals French election victory

The euro pulled away from highs hit early in the Asian session on Monday as investors took profits from its gains after centrist Emmanuel Macron's victory over the far-right Marine Le Pen in France's presidential election. Macron's resounding defeat of a nationalist who had threatened to take France out of the European Union brought relief to investors who had feared another populist upheaval after Britain's vote to exit the European Union and Donald Trump's election to president last year.


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7 May by

Japan’s SoftBank takes driving seat in Indian online shake-up

After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan's SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups. According to sources with direct knowledge of the matter, the solar-to-tech conglomerate is seeking to secure a piece of India's industry leaders in everything from payment systems to online shopping and groceries, in a series of deals that would shake up the $65 billion sector. Among the most high-profile plans is SoftBank's push to engineer a merger between Snapdeal, the No. 3 player in one of the world's most competitive online markets and one of its biggest Indian investments to date, and market leader Flipkart.


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Comcast and Charter to announce wireless partnership on Monday: source

Comcast and Charter to announce wireless partnership on Monday: source

Comcast Corp and Charter Communications Inc will announce a wireless partnership as soon as Monday, according to a source familiar with the matter. The deal will bar either company from entering into a material transaction for a year without the other company's consent, the source said, which would prevent Charter from immediately tying up with Verizon Communications Inc. The agreement will allow the companies to cut costs and share technology expertise, the source added, asking not to be named because the matter is private. The partnership is aimed at cutting the significant costs of entering the wireless market, as well as speeding up entry.


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