No Picture
Trading Ideas

Dealmakers eye cross-border M&A recovery as mega mergers roll on

NEW YORK/LONDON (Reuters) – A rise in large mergers and acquisitions (M&A) helped offset a plunge in cross-border deals in 2019, and many dealmakers say they expect subsiding geopolitical risk emboldening companies to pursue more tie-ups across regions in 2020. The United States accounted for close to half of global M&A volume in 2019, with $1.8 trillion worth of deals announced, up 6% from a year ago. …read more […]

No Picture
Business News

Ghosn flees to Lebanon, says won’t be ‘held hostage’ by Japan’s justice system

Ousted Nissan boss Carlos Ghosn confirmed he fled to Lebanon, saying he wouldn’t be “held hostage” by a “rigged” system, raising questions about how one of the world’s most-recognized executives slipped out of Japan months before his trial.

…read more […]

No Picture
Trading Ideas

Five Things to Watch in European Food and Drink Stocks in 2020

(Bloomberg) — A stellar start to 2019 for food and drink stocks largely fizzled out in the second half of the year, and Unilever’s recent sales warning has left a cloud hanging over the sector outlook for 2020.Despite a lackluster few months, the Stoxx 600 Food & Beverage index is still on course for its best year since 2009, with a 27% gain slightly outperforming the region’s main gauge. But after what Citigroup Inc. described this month as one of the worst staples earnings seasons of the past 20 years, investors have become unsettled, not helped by this month’s announcement …read more […]

No Picture
Business News

Ex-Nissan boss Ghosn says he is in Lebanon, fleeing Japan’s ‘rigged’ justice system

Ousted Nissan boss Carlos Ghosn confirmed he fled to Lebanon, saying he wouldn’t be “held hostage” by a “rigged” justice system and raising questions about how one of the world’s most-recognized executives escaped Japan months before his trial.

…read more […]

No Picture
Trading Ideas

Meet Boris Johnson's $2.6 Trillion Bond Supremo

(Bloomberg Opinion) — Robert Stheeman has been at the helm of the U.K. Treasury’s Debt Management Office since 2003, overseeing sales of more than 2 trillion pounds ($2.6 trillion) of Gilts, as Britain’s sovereign bonds are known.He’s the government’s agent in the debt marketplace, the link that smooths communication between the finance ministry and its 15 primary “market-makers” (the big banks from Barclays Plc to Morgan Stanley that underwrite Gilt auctions). His job is to keep the U.K.’s costs to a minimum and make the sale process seamless. The skill is in matching the government’s fund-raising needs with investor demand …read more […]

No Picture
Trading Ideas

Ghosn lawyers still in possession of his passports, lawyer says

Ousted Nissan Motor Co boss Carlos Ghosn’s three passports were held by his lawyers and he could not have used any of them to escape Japan, one of the lawyers told reporters on Tuesday, adding that his client’s actions were “inexcusable”. Junichiro Hironaka, speaking to reporters in comments broadcast live by Japan’s NHK, said his lawyers were holding his French, Brazilian and Lebanese passports, as required by the terms of his bail. Ghosn on Tuesday confirmed he fled to Lebanon, saying he wouldn’t be “held hostage” by a “rigged” justice system and raising questions about how one of …read more […]

No Picture
Trading Ideas

Gold’s Rally Meets JPMorgan Warning as the Curtain Falls on 2019

(Bloomberg) — Gold pushed deeper into the $1,500s in a concerted year-end rally as the dollar hit a six-month low. The jump came against a backdrop of record equity prices, easing trade tensions, and a warning from JPMorgan Asset Management that bullion may not offer sound portfolio protection.Prices climbed for the sixth time in seven sessions, with the traditional haven set for the biggest annual gain since 2010. Gold is poised to close out a fifth quarter of gains, a feat that the commodity hasn’t managed since 2011. Exchange-traded fund holdings are rising.Gold has found renewed favor this month as …read more […]