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Aug. 25, 2014: Euro slides to its weakest since Sept. 2013 as softer oil and Draghi remarks lift ECB easing expectations
On Aug. 25, 2014, the euro traded near $1.319 after touching about $1.3185, its lowest level since September 2013, as Mario Draghi said the ECB could use all available tools if euro area inflation weakened further. Brent moved toward $102, German Ifo business climate fell for a fourth straight month, major euro zone stock indexes gained and Spanish, Italian and Portuguese bond yields declined.
Deals & Capital Markets · 2 hours agoKNDS plans dual Paris-Frankfurt IPO with 20% float as France and Germany target 40% holdings
KNDS said it is seeking admission for its ordinary shares on Euronext Paris and the Frankfurt Stock Exchange. Reports said about 20% of the company is planned to be sold to the market, with France and Germany each holding 40% after Germany acquires a stake from Wegmann, implying a valuation of about €15 billion to €18 billion.