If just two years ago, you'd imagined the day the Bank of Japan ended its negative interest rate era, you'd probably not have put the yen near 34-year lows through 150 per dollar or the Nikkei stock index within 2% of record highs. Yet, here they are - and Bank of Japan policy rates are positive again for the first time since 2016 after the BOJ delivered its first rate hike in 17 years at Tuesday's meeting.
NUO, an investment vehicle indirectly owned by Italy's Agnelli family and by a Hong Kong family office, has bought 30% of Subdued, a womenswear clothing chain popular with teenagers, NUO said on Tuesday. Subdued operates directly its 85 shops and has been expanding rapidly online to reach sales of around 120 million euros in 2023, of which more than 50% abroad. In a statement, NUO said its investment will allow Rome-based Subdued to "consolidate its strong presence on the European market and to embark on an exciting growth path on a global scale."
Natural gas exports from Israel's offshore Leviathan field to Egypt jumped by 28% in 2023, and production at the site is due increase in late 2025, NewMed Energy said on Tuesday. The company also reported a drop in fourth quarter profit. NewMed, the largest stakeholder in the huge Leviathan field, said overall sales from the field for the year fell to 11 billion cubic meters (bcm) from 11.4 bcm in 2022, adding the drop was due to new competition in the sector.
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