Bloomberg Chinese state media sought to highlight the growing bull case for the country’s shares. A front-page story in the China Securities Journal noted a bullish trend in financial markets, while Shanghai Securities News said insurers are optimistic about the country’s equities. The articles come against the backdrop of the Shanghai Composite Index advancing 12 percent from Jan. 3 and ...
Read More »â€˜Global equities still better value than bonds’
Bloomberg Earnings growth will continue to underpin equity gains despite more frequent bouts of volatility and mounting risks for financial markets, according to Lazard Asset Management. The US economy is in much better shape than investors believe and current market valuations suggest, Ronald Temple, co-head of multi-asset and head of U.S. equity at the $216 billion investment manager, told a ...
Read More »US equity futures, Europe stocks retreat; dollar edges higher
Bloomberg US equity futures followed declines across Europe as investors awaited fresh clues on the outlook for global trade and growth. The dollar edged higher with Treasuries. Contracts on the Nasdaq, Dow Jones and S&P 500 indexes all turned lower as traders returned from the long weekend and before the next round of talks between America and China to try ...
Read More »Euro-area slowdown: ECB lays groundwork for response
Bloomberg Some of the European Central Bank’s heavy hitters are laying the groundwork for action. The top economist and the market chief at the Frankfurt-based institution have already signalled they’re discussing options in case the current euro-area slowdown worsens, and the vice president echoed that on Tuesday. There have been similar hints from Francois Villeroy de Galhau, who is the ...
Read More »Greece submits plan to revive ailing banks
Bloomberg Greece’s government submitted to the European Commission a plan to help the country’s banks speed up their bad-loan disposals, in a bid to restore confidence in the battered sector, according to two people familiar with the matter. Greek banks are grappling with 88.6 billion euros ($100 billion) of bad loans, a legacy of the country’s financial crisis. That constrains ...
Read More »HSBC bracing for riskier times after Q4 profit miss
Bloomberg HSBC Holdings Plc is bracing for riskier times after missing fourth-quarter earnings estimates, warning that political tensions in its key markets have made the prognosis for 2019 far less predictable. Chief Executive Officer John Flint has vowed to keep a keener eye on costs while avoiding additional payouts to shareholders, after a disappointing quarter capped his first year in ...
Read More »$76 billion fund gives contrarian call for Indonesia interest rate cuts
Bloomberg Indonesia’s central bank should signal interest-rate cuts to draw more foreign money into the nation’s bonds, according to a top emerging markets asset manager. The current-account deficit will remain manageable and Bank Indonesia has room to reverse some of the rate hikes it implemented last year, Anil Kumar, who helps manage about $76 billion of funds at Ashmore Plc, ...
Read More »Japanese M&A spree a boon for foreign banks
Bloomberg Japan Inc.’s record acquisition spree is proving to be better news for overseas investment banks than for their home-grown rivals. Foreign firms led by Goldman Sachs Group Inc. grabbed the first three places in Japan’s merger advisory rankings last year, handling deals worth a combined 44.6 trillion yen ($403 billion), according to data compiled by Bloomberg. Nomura Holdings Inc, ...
Read More »US Air Force seeks new Boeing F-15 jets
Bloomberg The US Air Force’s next budget will request funds for eight new F-15 fighter-bombers from Boeing Co., beefing up its inventory with an upgraded version of a plane it last bought in 2001, even as it pursues the more advanced F-35 from rival Lockheed Martin Corp. The F-15s will be proposed in the fiscal 2020 budget, expected around March ...
Read More »Norwegian dips to 7-year low after discounted share sale
Bloomberg Norwegian Air Shuttle ASA slumped to an almost seven-year low after offering heavily discounted shares to raise about 3 billion kroner ($350 million) to shore up its balance sheet. The rights issue, underwritten by investors including John Fredriksen, Nor- way’s richest man, is intended to buy the Oslo-based airline time following the collapse of protracted talks with suitors including ...
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