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While the potential deal would result in a $54 billion automotive company, the world's third largest, any benefits for its credit outlook would come with a delay, they wrote in a research note. "We ... believe it will be difficult for them to produce significant effects quickly through expanding the scope of their collaboration to include batteries, software, and autonomous driving," S&P analysts said, but added the eventual impact on their creditworthiness would be significant. A merger would likely have a negative impact Honda's standalone credit outlook, while it should positively affect that of Nissan, they added.

Birkenstock Holdings posted better fourth-quarter earnings Wednesday than analysts had expected and said it expects margins will improve in fiscal 2025.

The week of Christmas is typically bullish for stocks

(Bloomberg) -- Secondary transactions involving venture-backed startups are on track to hit a new high this year, as companies like OpenAI, SpaceX and Stripe Inc. organize tender offers to get employees paid, and investors look for ways to offload stakes outside of initial public offerings.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousTender offers give staffers, former employees and certain investors a way to sell their shares directly to other investors

On Wednesday, TC BioPharm (Holdings) PLC (NASDAQ:TCBP) announced that its Board of Directors approved a special dividend of 0.25 American Depositary Shares for every 1 ADS held by shareholders, pending shareholder approval. The company intends to hold a general meeting of shareholders on Monday, December 30. The dividend is expected to be declared on December 30, 2024, and payable to shareholders who own the company's stock at the close of trading on January 02, 2025. "We are extremely pleased t

Banks that use Temenos core software can now easily create crypto wallets and have exposure to any type of digital assets they want

Stocks eyed a rebound Wednesday, with the blue-chip Dow looking to snap its longest losing streak since 1978

Hong Kong's securities regulator on Wednesday approved four cryptocurrency exchanges in the city's latest effort to stay competitive in a race to become a global centre for digital asset trading. Hong Kong has been promoting itself as a hub for assets such as cryptocurrencies in a effort to maintain its attractions as a financial centre. The Hong Kong Securities and Futures Commission said it had granted licences to Accumulus GBA Technology (Hongkong) Co., DFX Labs Company, Hong Kong Digital Asset EX, and Thousand Whales Technology (BVI).

(Bloomberg) -- Bitcoin took a breather after topping $108,000 for the first time as traders await an expected Federal Reserve interest-rate cut and assess a wave of optimism from President-elect Donald Trump’s support for crypto.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe largest token touched $108,315 on Tuesday before falling back to $104,775 as of 7:33 a.m. Wednesday in New York. The overall value of digital assets came within a whisker of $4 tri

(Reuters) -Oil prices traded in a narrow range on Wednesday as investors stayed cautious ahead of a potential interest rate cut by the U.S. Federal Reserve and its projections for 2025, while a draw in U.S. crude inventories offered some support. The Fed is expected to cut rates by a quarter point, but to signal a cautious approach to loosening monetary policy next year. "Oil prices ought to see more of a reaction to the crude inventory draw seen in the API data overnight... however, such is the diverting power of central bank rate decisions that investors in all of the trading mediums are taking a very light touch to proceedings" said John Evans, analyst with oil broker PVM.