Straits Times Index
3,305.03 -17.05 (-0.51%) Nikkei
39,134.79 +96.63 (+0.25%) Hang Seng
18,206.66 -160.29 (-0.87%) FTSE 100
8,257.70 +29.22 (+0.36%) Bitcoin USD
67,763.04 -1,718.59 (-2.47%) CMC Crypto 200
1,400.49 -41.15 (-2.86%)
Julius Bär Gruppe AG (BAER.SW)
- Reuters
Shares in Swiss bank EFG jump on renewed takeover speculation
Shares in Swiss bank EFG International rose by as much as 10% on Thursday fuelled by a media report that the bank could soon be subject to a takeover bid by Swiss rival Julius Baer. Swiss financial news website Inside Paradeplatz said there was market talk Julius Baer was lining up a bid for EFG in shares and cash worth 4.5 billion Swiss francs ($5.05 billion), although it described the information as "speculation".
- Investing.com
Special market? Asia’s willingness to pay is boosting gold – Julius Baer
Investing.com – Gold continues to shine. Surpassing records in May, gold remains a highlight in the commodities market, with demand dominated by Asia. In the last three months, gold futures for June delivery have risen around $300, moving from the $2,052 mark to the current $2,360. On Tuesday, futures were up 1.10% at $2,360 per ounce, while spot gold gained 0.32% at $2,357.
- Reuters
Julius Baer, EFG stopped takeover talks after initial approach, sources say
ZURICH/MADRID (Reuters) -Swiss private bank Julius Baer held talks with EFG International about a potential takeover in recent months but the discussions have stopped, people with knowledge of the matter told Reuters. The two Swiss banks were in talks around the time Julius Baer ousted its chief executive officer Philipp Rickenbacher in February, after losses on loans to failed property firm Signa, the people said. Julius Baer considered EFG's CEO Giorgio Pradelli as a potential head of a combined entity as part of the takeover deliberations, the people said.
