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Dynamic quotes 
OFFON

Global markets live: Bayer on sale, PayPal accepts bitcoins…

03/31/2021 | 10:12am EDT

In the news today, the aftermath of the Archegos scandal for Wells Fargo, Mitsubishi UFJ and UBS and Volkswagen's bad April 1 joke. Lululemon, H&M, Varta and Herige have numbers to share. On the M&A front, Bayer is reportedly preparing to sell BES and Hitachi is breaking its piggy bank for GlobalLogic. Finally, Paypal is adding fuel to the fire of crypto recognition.

 

*Bayer plans to launch the sale of its agrochemical division Bayer Environmental Science (BES), valued at €2bn, this summer, Reuters has learned.

*Aramco and Sabic will finance 60% of the $1.3 trillion program launched by Saudi Arabia to diversify its economy.

*Wells Fargo closed its exposure to Archegos with no losses.

*Hennes & Mauritz's quarterly loss a little smaller than expected.

*Volkswagen's April 1 joke in the U.S. was not well received in the U.S.: the group will not rename itself Voltswagen after all.

*PayPal will accept cryptocurrency payments in the United States.

*Hitachi will buy American GlobalLogic for $8.5 billion.

*U.S. FTC opposes Illumina's takeover of Grail.

*Fujifilm CEO to step down.

*Lululemon Athletica's results receive a lukewarm reception.

*Mitsubishi UFJ shaken on stock markets after announcing $300 million in losses likely related to the Archegos deal.

*S&P downgrades Credit Suisse's A+ rating outlook to "negative".

*Germany restricts AstraZeneca vaccine for people under 60.

*Partners Group is negotiating an exit from Cerba, which will be acquired by EQT for $5.3 billion.


© MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA PLC -0.96% 8063 Delayed Quote.10.09%
BAYER AG -0.94% 45.21 Delayed Quote.-6.12%
CREDIT SUISSE GROUP AG -0.04% 9.504 Delayed Quote.-16.63%
FUJIFILM HOLDINGS CORPORATION -0.89% 9801 End-of-day quote.80.23%
HENNES & MAURITZ AB 0.70% 173.68 Delayed Quote.0.98%
HITACHI, LTD. 0.83% 6599 End-of-day quote.62.34%
ILLUMINA, INC. -0.65% 447.01 Delayed Quote.20.81%
LULULEMON ATHLETICA INC. 0.03% 426.55 Delayed Quote.22.56%
MITSUBISHI UFJ FINANCIAL GROUP, INC. 1.28% 642.1 End-of-day quote.40.78%
PARTNERS GROUP HOLDING AG -0.31% 1604 Delayed Quote.54.23%
PAYPAL HOLDINGS, INC. -2.34% 276.34 Delayed Quote.17.99%
SABIC AGRI-NUTRIENTS COMPANY 4.29% 146 End-of-day quote.81.14%
SAUDI ARABIAN OIL COMPANY 0.00% 35.15 End-of-day quote.0.43%
UBS GROUP AG -0.97% 15.31 Delayed Quote.22.77%
VOLKSWAGEN AG -1.95% 189.7 Delayed Quote.24.46%
WELLS FARGO & COMPANY 0.41% 46.47 Delayed Quote.53.98%