The US dollar remains strong near six-week peaks. Traders are watching for a Middle East war resolution and the Federal Reserve’s next move on interest rates. Rising energy costs could push inflation higher, influencing the Fed’s decision. Currencies like the Euro and Yen face pressure. Australia grapples with energy shortages. Japan’s core inflation slowed, impacting its currency.
Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion
Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Iveco’s largest