EUROPEAN MIDDAY BRIEFING: Shares rise in the wake of -2-


ASML Holding NV said on Wednesday it can achieve annual revenue of between 24 and 30 billion euros ($ 28.04-35.05 billion) with a gross margin of between 54 and 56% in 2025 .

The Dutch semiconductor equipment maker said global trends in the electronics industry are expected to continue to fuel growth in the semiconductor market, boosting demand for its products and services. In 2020, it achieved a turnover of 13.98 billion euros, with a gross margin of 48.6%.


Santander to return $ 2 billion to shareholders with dividend and buyback

Banco Santander SA announced on Tuesday that it will return some 1.7 billion euros ($ 1.99 billion) to shareholders from this year’s profits, in the form of dividend payments and a share buyback, in light of the lifting of the European Union’s recommendations on the limits of shareholder compensation.

The Spanish bank will pay a dividend of 4.85 euro cents per share and will also buy back shares for an amount of 841 million euros. The total figure of around 1.7 billion euros represents 40% of the underlying profit for the first half of the year, the bank said, adding that an additional and definitive remuneration from the profits of 2021 will be fixed. in the first quarter of next year.


Thoma Bravo sells minority stake in Alkon command to HeidelbergCement

Software-focused private equity firm Thoma Bravo sells a 45% stake in Command Alkon Inc., a provider of supply chain management software for the heavy construction industry, to HeidelbergCement AG in the part of a deal that values ​​the company at around $ 1.7 billion. , according to people familiar with the matter.

Thoma Bravo will retain a controlling stake in the Birmingham, Alabama-based company which it acquired last year.


UK retail price deflation slows in September

According to the latest report from Nielsen IQ and the British Retail Consortium, UK retail prices fell year over year in September, although the decline is slowing as cost pressures begin to ease. pass through on prices.

Prices in UK stores fell 0.5% year on year from September 1-7, according to the report. The rate of deflation on an annual basis eased somewhat from August, when prices fell 0.8% year on year.


US Deports Top Hacker To Russia Before Prison Term Ends

WASHINGTON – The United States this week freed a high-profile Russian cybercriminal, at least a year ahead of the scheduled end of his prison term, handing him over to Russian authorities despite Moscow’s long resistance to efforts to recover him.

Alexei Burkov, 31, was placed on a commercial airline flight on Monday after being released from federal prison last month, officials said. He was arrested Tuesday by Russian authorities at an airport in Moscow, according to Russian state media.



US economy poised to pick up speed after delta slowdown

The Delta variant of Covid-19 appeared to temper economic growth this summer, but economists expect the recovery from the pandemic to accelerate as the virus’s toll diminishes.

In recent weeks, many economists have lowered their forecasts for economic growth in the third quarter largely because consumers have slowed spending on out-of-doors meals, hotels and airline tickets amid the spread. of the highly contagious Delta variant. The Covid-19 surge has also made it difficult to reopen offices and schools, turning what was to be a September boom into a slowdown.


Rising bond yields challenge investor confidence in big tech companies

Rapidly rising government bond yields are hitting stocks of tech pillars that have propelled major indexes higher for years, straining investor confidence in some of the stock market’s most popular trades .

Shares of software giant Microsoft Corp., parent company Google Alphabet Inc., and chipmaker Nvidia Corp. have fallen around 4.5% or more so far this week, dragging down major equity indices and funds that give companies with higher market value greater influence. Along with Apple Inc., Inc., Facebook Inc. and Netflix Inc., the seven companies lost about $ 315 billion in market value on Tuesday, the biggest drop since last October, according to Dow Jones Market Data. The S&P 500 is now down 3.8% in September and on track for its biggest monthly decline in a year.


Bank of Thailand keeps rate unchanged at record high

Thailand’s central bank has kept its benchmark interest rate at an all-time high as the Covid-19 pandemic has shown signs of abating.

The Bank of Thailand said on Wednesday that its policy committee voted unanimously to keep its overnight repurchase rate unchanged at 0.50%.


Republicans block Democrats’ latest efforts to advance debt ceiling bill

WASHINGTON-Republicans blocked Democrats’ latest efforts to raise the debt limit, escalating a high-stakes Senate showdown hours after Treasury Secretary Janet Yellen told lawmakers the government would not be able to pay all of its bills on time starting October 18, unless Congress acts.

As Senate Republicans have lined up against increasing the debt limit, the developments are increasing pressure on Democratic leaders to find a back-up plan to avoid a default on US bonds. This could include adding a debt ceiling measure to an already complicated package to bypass a GOP obstruction in the Senate, or exploring other unprecedented approaches to keeping the federal government liquid.


Progressives split over support for Thursday’s House infrastructure vote

WASHINGTON – The powerful progressive bloc of House Democrats split on Tuesday over whether lawmakers should vote this week for a two-party infrastructure package of around $ 1 trillion, albeit a larger package education, health care and climate remains evolving.

In a sign of growing conflict with House Democratic leaders, some liberals have reiterated their determination not to vote for the infrastructure bill until the $ 3.5 trillion package is passed by the government. Senate, while others have signaled they could be reassured by firm signs of progress in finding a deal. on the package.


Citadel Securities faces new pressure on GameStop Frenzy

Billionaire Ken Griffin’s e-commerce company Citadel Securities is once again criticized for its role in the January trading frenzy over GameStop Corp. shares. after new information surfaced in a lawsuit.

In a statement released on Tuesday, Citadel Securities dismissed the “Internet conspiracies and Twitter mobs” that again accused the company of pushing Robinhood Markets Inc. to a lot of small investors.


Hidden debt plagues China’s belt and highway infrastructure plan, studies find

Hidden debt and problematic projects emerge as hallmarks of China’s Belt and Road Initiative, with several research reports pointing to headwinds facing President Xi Jinping’s international infrastructure development agenda.

Billions of dollars of investment are needed worldwide for infrastructure, which can mean anything from bridges to healthcare. The Chinese program represents a huge injection of funds for some of the countries most in need, but it has sparked a global debate about how China finances and manages its projects.


India aims to produce Covid-19 mRNA vaccine this year

NEW DELHI-India is preparing to produce its own mRNA-based Covid-19 vaccine by the end of the year, which would be a scientific breakthrough for the country’s growing pharmaceutical industry and help expand the range of global production centers for injections.

A multitude of companies around the world are working to commercialize their own vaccines using mRNA technology following the success of injections from Pfizer Inc. and Moderna Inc. The Indian companies, encouraged in part by Prime Minister Narendra Modi, aim to be important players in the new sector, Gennova Pharmaceuticals Ltd. hoping to be the first.


Industry lobbyists aim to separate Democrats’ $ 3.5 trillion spending bill

WASHINGTON – Industry lobbyists work to undermine key elements of Democrats ‘$ 3.5 trillion spending bill, adding another complication to President Biden and Democratic leaders’ efforts to push through their agenda National Congress this fall.

The attacks are occurring on multiple fronts and are aimed at persuading leading Democratic lawmakers to seek changes to the bill, given that Republicans are already opposed to it.


Fumio Kishida to become the next Prime Minister of Japan

TOKYO-Fumio Kishida, a former foreign minister who called for strengthening Japan’s missile defenses, was elected leader of the ruling party on Wednesday, assuring him of becoming the country’s next prime minister.

Mr. Kishida, 64, is an establishment pick who, like his predecessors, supports a strong US-Japan alliance and worries about China’s military expansion. It is also promoting aggressive government spending worth hundreds of billions of dollars to pull the Japanese economy out of the slump caused by measures to limit the spread of Covid-19.


Japanese prosecutors seek two years in prison for former Ghosn aide Greg Kelly

TOKYO-Former Nissan Motor Co. executive Greg Kelly is set to spend two years in jail for his alleged role in hiding the salary of former Nissan chief Carlos Ghosn from the public, Japanese prosecutors said on Wednesday in a Tokyo court.

The sentencing request came during final argument by prosecutors in the case in Tokyo District Court. Mr Kelly says he is innocent, and the court’s three-judge panel is expected to deliver a verdict next year. If he is found guilty, the court will also decide his sentence.


US Deports Top Hacker To Russia Before Prison Term Ends

WASHINGTON – The United States this week freed a high-profile Russian cybercriminal, at least a year ahead of the scheduled end of his prison term, handing him over to Russian authorities despite Moscow’s long resistance to efforts to recover him.

(MORE FOLLOWING) Dow Jones Newswires

September 29, 2021 06:38 ET (10:38 GMT)

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