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(Bloomberg) — Temenos AG plunged by nearly a third, slashing its market value by $2.1 billion, after Hindenburg Research took a short position and suggested serious flaws in the books of the Swiss provider of software for banks. The Swiss company denied the report, saying it contained “factual inaccuracies and analytical errors, together with false…
(Bloomberg) — Traders are piling into bets the Swiss National Bank will cut interest rates as early as next month, even as the market scales back wagers on easing across the developed world. The odds of a 25 basis-point cut at the central bank’s next quarterly meeting have doubled since Friday to more than 50%.…
Holcim Ltd., the world’s largest cement maker, said Sunday it plans to separate its fast-growing North American business to pave the way for a listing next…