November, 2018

• 12 November

  SAP set to buy Qualtrics for $8bn in its largest-ever deal

  

  Bloomberg SAP SE is making its largest acquisition yet as it battles startups including Salesforce.com Inc in selling software to clients that want to better understand their customers. The $8 billion purchase of Qualtrics International Inc., whose software gathers and analyses data, is meant to strengthen SAP’s offering in the customer relations management sector. That’s a field Europe’s biggest software ...

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• 12 November

  Euro hitched to pound amid Brexit concerns

  

  Bloomberg They’re getting a divorce but for currency traders, they’re almost as close as ever. Britain’s torturous settlement bid with the European Union has pushed the pound and euro in sync against the dollar as investors price risks on both sides of the Channel. The 40-day correlation between the two currency pairs has climbed back towards 0.80 and is nearing ...

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• 12 November

  GE tumbles to 2009 bear-market low

  

  Bloomberg General Electric Co. plunged towards its recession-era low and the company’s bonds fell sharply after an influential analyst slashed his price target. JPMorgan Chase & Co. analyst Steve Tusa cut his view on the shares 40 percent to $6, the lowest on Wall Street, citing rising liabilities, a weakening cash-flow outlook and poor third-quarter results on “almost all fronts.” ...

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• 12 November

  Third Point bets on American Express CEO driving growth

  

  Bloomberg Dan Loeb’s Third Point has taken a new position in American Express Co., saying Chief Executive Officer Stephen Squeri has positioned the credit card company for exceptional earnings growth. Amex could trade higher than $135 per share in the next 18 months as it benefits from initiatives to capture more consumer, business and international customers, the New York hedge ...

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• 12 November

  California fires seem as costly as hurricane at $19bn

  

  Bloomberg The most destructive series of wildfires in California history co-uld cost the state, insurers and homeowners at least $19 billion in damages, as firefighters struggled to gain control in swirling wi-nds across vast swaths of state. The carnage caused by fires north of San Francisco and near Los Angeles could be on par with the type of destruction triggered ...

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• 12 November

  India is moving fast, breaking wrong things

  

  Reserve Bank of India’s reputation for honesty is a major asset in a country rife with corruption. India’s government and the central bank have had disagreements, but the relationship has never looked so irretrievably broken as it does now. Before the global financial crisis, the finance ministry saw the Reserve Bank of India (RBI) as an incompetent regulator, one that ...

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• 12 November

  Alibaba is hurt by a war at home, not a trade war

  

  A Donald Trump-inspired trade war between the US and China isn’t the reason for Alibaba Group Holding Ltd. trimming its optimism. China’s e-commerce giant now sees full-year revenue of 375 billion yuan ($55 billion) to 383 billion yuan, the company announced. That’s 4 percent to 6 percent lower than it had expected previously. But the weakness comes from a competitive ...

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• 12 November

  Scientists should stop researching same old stuff

  

  In a recent Forbes article, astronomer and writer Ethan Siegel called for a big new particle collider. His reasoning was unusual. Typically, particle colliders are created to test theories — physicists’ math shows that undiscovered particles ought to exist, and experimentalists use colliders to see whether they really do. This was the case with the Large Hadron Collider, which was ...

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• 12 November

  Danske laundromat probe may expand to target Sampo deal

  

  Bloomberg Danish lawmakers want to find out whether the Estonian unit at the center of a massive money laundering scandal was used for illicit trades before it was bought by Danske Bank A/S more than a decade ago. Danske took over the banking assets of Sampo Oyj in 2007. That purchase, which included a tiny Estonian unit, left Denmark’s biggest ...

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• 12 November

  ECB’s Guindos calls for tighter oversight of asset managers

  

  Bloomberg The European Central Bank’s vice president warned asset managers that they’ll face tighter scrutiny as regulators try to steer against future financial crises. The ECB has grown increasingly vocal about the risks stemming from a rapid expansion of entities such as investment funds, which are taking on more bank-like tasks such as providing liquidity but which are regulated more ...

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