EUR/USD
1.09075
-0.101%
Gold
2914.91
-0.022%
Oil
66.634
0.507%
USD/JPY
148.683
0.614%
GBP/USD
1.29551
0.039%
GBP/JPY
192.622
0.698%
Real-time News
On March 12, Baidu (09888.HK) announced today that it has completed its convertible bonds with a total principal amount of US$2 billion due in 2032. The initial exchange rate of these bonds is 1,107.0457 shares of Ctrip Group (09961.HK) for every US$100,000 principal, which is a premium of approximately 43% over the exchange price per share in the hedge placement. The company intends to use the net proceeds from the bond issuance to repay certain existing debts, pay interest and for general corporate purposes.European stocks extended their gains, with Germanys DAX index rising 2% on the day, Frances CAC 40 index up 1.47% and the Euro Stoxx 50 index up 1.59%.The three major U.S. stock index futures extended their gains, with Nasdaq 100 index futures rising 1%, Dow futures up 0.63% and S&P 500 futures up 0.83%.On March 12, ING analyst Francesco Pesole said in a report that the dollar could turn higher if data released later showed that U.S. underlying inflation remained high in February. He said the dollar is embedded with "quite a lot of negative factors" and should be more sensitive to news that the Federal Reserve is cautious about cutting interest rates. He said that concerns about U.S. tariffs hurting the slowing U.S. economy have put pressure on the dollar recently, but calls for a recession are often wrong. If data in the coming weeks fail to support market pessimism about the United States, "the trend of the dollar could turn quickly."On March 12, Yakang shares announced that Xiangyuan Zhihong, a person acting in concert with the controlling shareholder, plans to reduce its holdings by no more than 500,000 shares, accounting for 0.58% of the total share capital; Tianyou Yongfeng plans to reduce its holdings by no more than 300,000 shares, accounting for 0.35% of the total share capital; Hengmao Yisheng, a shareholder holding more than 5%, plans to reduce its holdings by no more than 780,000 shares, accounting for 0.91% of the total share capital. The reduction methods are centralized bidding transactions and block transactions, and the reduction period is from April 3, 2025 to July 2, 2025.
