April, 2016

• 26 April

  McDonald’s to offer Euro debt as borrowing costs fall

  

    Bloomberg McDonald’s Corp. is marketing euro bonds, taking advantage of borrowing costs that have fallen to the lowest in a year because of the European Central Bank expanding its stimulus program. The fast-food chain is offering the securities maturing in January 2021, November 2023 and May 2028, according to a person familiar with the matter who asked not to ...

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• 26 April

  EON sees profit of up to €1 bn after Uniper split

    Bloomberg EON SE is targeting underlying net income of as much as €1 billion this year after Germany’s biggest utility spins off its Uniper unit to focus on renewables, networks and customer services. The Essen-based company will be a “strong dividend performer,” and plans to pay shareholders up to 60 percent of net income a year, CEO Johannes Teyssen ...

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• 26 April

  Turkey’s central bank guv puts focus on inflation in first appearance

  

    Bloomberg Turkey’s new central bank Governor Murat Cetinkaya emphasized in his first public appearance that curbing inflation remains the bank’s top priority, signaling continuity in monetary policy. The lira gained. At a press conference on Tuesday presenting the quarterly inflation report, Cetinkaya said the bank would do more to raise awareness about the importance to the overall economy of ...

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• 26 April

  Big Ben to stop as it tackles water damage

  

    Bloomberg It’s the world’s most famous clock, an icon of London for a century and a half. It stood firm when the Luftwaffe bombed the Houses of Parliament. Now Big Ben is threatened by two deadlier enemies: water and modern paint. In early 2017, work will begin on a £29 million($42 million), three-year project to restore the Elizabeth Tower, ...

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• 26 April

  Bond market ramps up inflation view while Fed Reserve stays put

  

    Bloomberg Bond traders are signaling that even inflation expectations at 2016 highs won’t be enough to push the Federal Reserve to raise interest rates this week. Futures show the central bank will hold its benchmark unchanged when it meets on Tuesday and Wednesday as policy makers incorporate international events into monetary-policy decisions. The meeting will give policy makers a ...

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• 26 April

  T-Mobile surpasses analysts’ estimates, adds 1 million users

  

    Bloomberg T-Mobile US Inc. reported profit that exceeded analysts’ estimates as the third-largest U.S. wireless carrier posted a seventh straight quarter of adding more than 1 million new monthly users with features like free video streaming and mobile data rollover. First-quarter earnings were 56 cents a share, the Bellevue, Washington-based company said in a statement Tuesday. Adjusted earnings before ...

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• 26 April

  Brazil Real gains on impeachment momentum as Ibovespa weakens

  

    Bloomberg Brazil’s Real advanced on speculation that President Dilma Rousseff will be impeached and as the central bank refrained from moving to weaken the currency. Stocks dropped as a decline in oil and iron-ore prices dimmed the outlook for Brazilian producers. The currency strengthened 0.2 percent to 3.5582 per dollar, extending its gain this year to 11 percent, the ...

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• 26 April

  Markets go crazy as South American weather hurts crops

  

    Bloomberg It’s been a wild few weeks in the agriculture markets. Floods in Argentina and drought in Brazil have sent futures markets from Chicago to Paris into a tizzy, with corn, soybean and wheat prices surging in the first half of last week before slumping back down. While Louis Dreyfus Co.’s chief executive officer has said 2015 was defined ...

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• 26 April

  Argentina studies sale of $5bn in assets

  

    Bloomberg Argentina is considering submitting a bill to congress that would allow the state pension manager to sell as much as 70.6 billion pesos ($5 billion) of shares in publicly traded companies, according to a person familiar with the government’s plans. President Mauricio Macri’s government may submit the proposal before July or issue a decree to modify the pension ...

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• 26 April

  Putin badly needs a workable domestic plan

  

    The Russian government has approved a sober, and sobering, economic forecast for the next three years. The country’s prospects look so joyless that President Vladimir Putin may finally start listening to the mainstream economists who have stuck with him despite his unconcealed preference for a huge public sector tempered with a dose of crony capitalism. Today’s Russian leaders appear ...

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