The dollar strengthened near a one-week peak. New U.S. strikes in Iran have complicated peace talks. Oil prices rebounded as hopes for a quick resolution faded. Investors anticipate the dollar to rise further. The yen weakened significantly, nearing a level that previously prompted central bank intervention. Markets await key U.S. inflation data.
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