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Thomson Reuters Sells Remaining Stake In London Stock Exchange For About $500 Mln
(RTTNews) - Thomson Reuters Corp. (TRI, TRI.TO) announced Wednesday that it and certain investment funds affiliated with Blackstone collectively sold 17.3 million London Stock Exchange Group plc (LSEG) shares that they co-own for a price of 91.50 British pounds per share.
The sale was conducted through a placement to institutional investors and an offer to retail investors. Following the settlement of the transaction, Thomson Reuters will no longer hold any interest in LSEG.
Of the shares sold, approximately 4.3 million shares were indirectly owned by Thomson Reuters. Upon the closing of the transaction, Thomson Reuters expects to receive pre-tax net proceeds of approximately $500 million.
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CNN, Reuters Launch Digital Paywalls
Global news organizations CNN, owned by media conglomerate Warner Bros. Discovery, as well as Thomson Reuters Corp. announced their plans to launch digital paywalls, with a view to developing new digital revenue streams aiming to support their work in journalism around the world. CNN, in an internal memo, said it is starting to ask some of its visitors to pay $3.99 a month for access...
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Sensex, Nifty End Notably Higher On Firm Global Cues
Indian shares rose notably on Wednesday after Federal Reserve Chair Jerome Powell signaled two more quarter-point interest-rate cuts this year, citing a sharp slowdown in hiring.
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Euro Rises Amid Risk-on Mood
The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher with French markets outperforming their regional peers, after LVMH, the owner of Louis Vuitton and Christian Dior, unexpectedly returned to sales growth in the third quarter.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the European session on Wednesday.
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China Consumer Prices Drop More Than Forecast; PPI Continues To Fall
China's consumer prices declined more than expected in September on weaker domestic demand and oversupply, and producer prices remained in deflationary pressures for the 36th straight month, highlighting the persistent deflationary pressure. Consumer prices dropped 0.3 percent on a yearly basis in September, the National Bureau of Statistics reported Wednesday.
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Canadian Dollar Falls Against Most Majors
The Canadian dollar weakened against most major currencies in the European session on Wednesday.
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European Shares Mostly Higher As LVMH Returns To Growth
European stocks were mostly higher on Wednesday, with French markets outperforming their regional peers, after LVMH, the owner of Louis Vuitton and Christian Dior, unexpectedly returned to sales growth in the third quarter.
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Asian Shares Bounce Back On Fed Rate Cut Hopes
Asian stocks rose broadly on Wednesday, snapping three days of losses as optimism that the U.S Federal Reserve may go for further interest-rate cuts outweighed renewed U.S.-China trade tensions.
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