Bloomberg It’s too early to bid farewell to the decade-long equity bull market as stocks are still providing healthy returns for investors, according to Goldman Sachs Group Inc. “Even with low profit growth the corporate sector has a high free-cash-flow yield and the dividend yield (plus buybacks) ought to still provide a reasonable relative return,†Peter Oppenheimer, Goldman’s chief global ...
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Greece sees 2.8% economic growth in 2020
Bloomberg Greece’s government is forecasting 2.8% economic growth in 2020, which it says puts it on track to meet a budget target agreed with creditors while still enacting tax relief measures. The creditors, however, have warned that the cost of polices to which Prime Minister Kyriakos Mitsotakis’s government has committed will create a shortfall of up to 900 million euros ...
Read More »Facebook skeptics offer derivatives to bet on Libra delays
Bloomberg Facebook Inc’s proposed cryptocurrency has faced such overwhelming scorn since it was announced in June that an exchange is facilitating bets on whether the social-media company can come close to meeting its target launch date. CoinFLEX, a crypto-futures exchange that launched earlier this year, is offering derivatives that pay out based on the likelihood Libra will be operational by ...
Read More »Singapore’s PropertyGuru plans to raise $257m, Australian listing
Bloomberg PropertyGuru Pte, a Singapore-based provider of online real estate classifieds, plans to raise as much as A$380.2 million ($257 million) and list on the Australian stock exchange. The shares’ indicative price range is between A$3.70 and A$4.50, giving a market capitalisation at the upper end of around A$1.36 billion, the company’s October 7 prospectus shows. A book build to ...
Read More »US stocks slump as trade roils outlook; Treasuries fluctuate
Bloomberg Futures on US equity indexes ticked lower while the yuan slipped on Monday on concern China may be increasingly reluctant to agree a broad trade deal with the Trump administration. European stocks gained and Treasuries fluctuated. Contracts for the three main US gauges came off their session lows but still pointed to a weak start on Wall Street after ...
Read More »China markets set to reopen with trade, Hong Kong in focus
Bloomberg Chinese financial markets are set to open for the first time in a week on Tuesday, with investors likely to focus on this week’s trade talks with the US and the worsening situation in Hong Kong. Room for disappointment in both is growing. Senior Chinese officials have indicated the range of topics they’re willing to discuss has narrowed considerably, ...
Read More »Boeing faces deeper antitrust probe of Embraer deal in EU
Bloomberg Boeing Co’s ventures with Embraer SA face a deeper antitrust probe from the European Union as regulators said the transaction threatens to knock out an important rival to the world’s biggest planemakers. The European Commission has until February 20 to issue a ruling on the deal after opening an “in-depth investigation,†according to a statement. Boeing and Embraer, which ...
Read More »Ted Baker sinks as new warning deepens woes
Bloomberg Ted Baker Plc lost more than a third of its value after the UK apparel chain sank to a loss and warned that its performance could worsen amid price competition and a shift to online shopping. The retailer has been reeling since the resignation of founder Ray Kelvin. While the company has moved to improve office conduct, it’s succumbing ...
Read More »Sell old Burberry online, the brand might invite you for tea
Bloomberg Burberry Group Plc is encouraging clients to give their old looks a second life by selling them online, a move that could help pull in holiday shoppers and bolster appeal with the environmentally conscious. In a rare partnership between a fashion house and the burgeoning marketplace for used luxury products, Burberry is teaming up with consignment website The RealReal. ...
Read More »Retailers help heat up IPO activity in SE Asia
Bloomberg Retail has been one of the hottest sectors among recent Southeast Asian initial public offerings, as investors look to cash in on consumers’ increasing spending power in the region. “The domestic consumption growth story in Southeast Asia remains an attractive thematic for equity investors,†said Ho Cheun Hon, head of Southeast Asia equity capital markets at Credit Suisse. Home ...
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