On Tuesday, Shares of Apple Inc. (NASDAQ:AAPL), lost -2.20% to $129.62.
Apple Inc. will likely issue the company’s first yen-denominated bonds in June, people familiar with the issuance said Wednesday, in the latest of several moves to take advantage of rock-bottom interest rates in some non-U.S. markets, according to MarketWatch.
The U.S. tech giant will issue around ¥200 billion ($1.6 billion) of yen-denominated bonds and use the proceeds for shareholder returns and possibly also to expand Japanese operations, one person familiar with the matter said. The amount and pricing of the issuance are not fixed yet and could change with investor demand, the person said. MarketWatch Reports.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of Citigroup Inc. (NYSE:C), declined -1.33% to $54.24, during its last trading session.
European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup (C.N) grabbed business, according to widely watched industry rankings, according to Reuters.
Citigroup kept its top spot as the leading foreign exchange trading bank with a market share of 16.1 percent, up from 16 percent a year ago, according to the Euromoney FX Survey 2015.
Deutsche Bank (DBKGn.DE) and Barclays (BARC.L) remained in second and third spots, but their market shares fell to 14.5 percent from 15.7 percent and to 8.1 percent from 10.9 percent, respectively. Reuters Reports.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
At the end of Tuesday’s trade, Shares of United Continental Holdings, Inc. (NYSE:UAL), lost -3.30% to $51.92.
The U.S. airline industry slipped into a bear market as investors worry that carriers are losing power to raise fares even as oil prices rise, according to Bloomberg.
The Bloomberg U.S. Airlines Index tumbled for a fifth straight day Tuesday, dropping 21 percent from its 2015 high on Jan. 26, a common definition of a bear market. The decline has occurred despite forecasts for a record industry profit this year and as planes fly with more than 80 percent of seats filled. Bloomberg Reports.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations.
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