MILAN, Jan 19 (Reuters) - Italian motorway operator Atlantia said on Friday it would decide on possible changes to the price and the structure of its takeover offer for Spain's Abertis once a competing offer has been approved by authorities.The Italian group could also decide to waive the minimum acceptance condition for the equity component of the takeover bid, the company said. Atlantia will con...Read More
On Thursday, Facebook Inc (NASDAQ:FB) snapped its six-session losing streak -- its longest since December 2016. This negative price action came after FB stock topped out at a record high of $188.90 on Jan. 8, and was exacerbated by a rare downgrade following news of changes to the company's News Feed. However, the equity is now stabilizing above a key trendline.Specifically, FB is currently tradin...Read More
* Republicans scramble for funding deal before midnight deadline* Euro near 3-year high, yen close to 4-month high vs dollar* Rising U.S. yields fail to lift greenback (Updates market action, changes dateline, previous LONDON)By Richard LeongNEW YORK, Jan 19 (Reuters) - The dollar held near a three-year low versus a basket of currencies on Friday, poised for a fifth week of falls and its longest l...Read More
* Worries over possible U.S. government shutdown weigh on dollar* US lawmakers try to cobble together deal to avert shutdown* 10-year Treasury yields highest since Sep 2014 (Updates with U.S. market open, changes byline, dateline; previous LONDON)By Chuck MikolajczakNEW YORK, Jan 19 (Reuters) - World equity markets climbed to a record on Friday as the U.S. dollar languished near three-year lows an...Read More
* 10-year yields hit highest since September 2014* Deadline for U.S. government funding bill approaching By Kate DuguidNEW YORK, Jan 19 - Yields on the 10-year U.S. government bond hit a three-year high on Friday as weakness in overnight trading pushed the debt through key technical support levels and resulted in further selling."This is one of those times when the price action is deciding f...Read More
aheadoftheherd.comGold is climbing as bond yields rise and the dollar falls, over speculation that China is pulling back on buying US Treasuries and Japan signals it is winding down its quantitative easing program. Meanwhile, US debt continues to grow after the Republicans under President Trump pushed a trillion dollars worth of tax cuts through the Senate, that the Congressional Budget Office thi...Read More
LONDON, Jan 19 (Reuters) - The Royal Bank of Scotland on Friday announced a range of measures for individual customers hit by the collapse of construction outsourcing company Carillion . The bank said there would be no financial cap on the measures, which include repayment holidays on loans or mortgages, refunds on overdraft and credit card charges and fee waivers for customers employed by the fai...Read More
(Updates to reflect afternoon trading)JOHANNESBURG, Jan 19 (Reuters) - South Africa's rand retreated from a two-and-a-half year high on Friday as a rally driven by a weaker dollar and optimism about the prospects for change under the new leader of the ruling African National Congress (ANC) ran out of steam.At 1541 GMT, the rand was 0.6 percent weaker on the day at 12.2125 to the dollar.Earlier in...Read More
By Brenna Hughes NeghaiwiRIEHEN, Switzerland, Jan 19 (Reuters) - Georg Baselitz, a provocative German artist who inspired a generation with challenging depictions of the Nazi era and the post-war division of Germany, is being honoured by a retrospective to mark his 80th birthday.Born Hans-Georg Kern in the German town of Deutschbaselitz in 1938, Baselitz gained worldwide fame in the 1970s with his...Read More
(Updates with date and likely size of sale)LONDON, Jan 19 (Reuters) - The United Kingdom Debt Management Office named Bank of America Merrill Lynch , J.P. Morgan , Lloyds Bank and Santander GBM to act as joint bookrunners for the sale of several billion pounds of a 30-year index-linked bond.The DMO said the syndication of the 2048 index-linked gilt, which carries a 0.125 percent coupon , would ta...Read More
Jan 19 (Reuters) - The Baltic Exchange's main sea freight index fell on Friday and continued to linger around five month lows as the capesize segment recorded its biggest weekly percentage decline in two years. * The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities, shed 14 points, or 1.23 percent, to 1,125 points,...Read More
COPENHAGEN, Jan 19 (Reuters) - Denmark's central bank will open a 0.1 pct inflation-linked bullet loan 2030 on February 7, the bank said in a press release on Friday.* The government bond will be linked to the Danish consumer price index, CPI, and the interest payment date will be November 15* The new bond will replace 0.1 per cent inflation-linked bullet loan 2023 and after this the government ca...Read More
Jack Dorsey's portfolio is in focus today, after Square Inc (NYSE:SQ) and Twitter Inc (NYSE:TWTR) both received some bullish brokerage attention. Here's a quick look at the analyst notes issued for shares of SQ and TWTR, and how the stocks are reacting.Nomura Instinet Eyes Another 'Phenomenal' Year for SQNomura Instinet raised its price target on Square stock by $16 to $64 -- the highest on Wall S...Read More
* Schlumberger down after reporting Q4 results* IBM lower after saying higher tax rates will hit profit* AmEx posts first loss in 26 years on tax charge* Indexes up: Dow 0.05 pct, S&P 0.28 pct, Nasdaq 0.37 pct (Updates to open)By Sruthi ShankarJan 19 (Reuters) - Wall Street's main indexes rose on Friday, powered by gains in Amazon and Nike, while investors shrugged off fears of a looming U.S....Read More
NEW YORK, Jan 19 (Reuters) - The dollar added to its losses versus a group of currencies on Friday as the University of Michigan's gauge on U.S. consumer sentiment in early January unexpectedly weakened to its lowest level since July. At 10:11 AM (1511 GMT), the index that tracks the greenback against a basket of currencies on a trade-weighted basis was last down 0.08 pct at 90.465. It was not far...Read More
Technology powerhouse IBM Corp. (NYSE:IBM) is trading lower, as a disappointing full-year forecast overshadows the company's first rise in revenue in 23 quarters. In response, the tech stock has received mixed analyst attention. Of note, brokerage firm Deutsche Bank raised its price target to $160 from $150, while RBC cut its price target to $180 from $183. The Dow stock was trading 2.4% lower at...Read More
(Kitco News) - Gold is regaining lost ground Friday as the U.S. dollar is once again trading near 3-year lows on increased fears of a U.S. government shutdown, according to forex analysts.“Gold found support on Friday in the form of dollar weakness and market anxiety over a potential U.S. government shutdown,” said Lukman Otunuga, research analyst at FXTM.As Republicans rush to gather...Read More
* Currencies retreat after hitting multi-year highs vs dollar* Disappointment over IRS tender boosts Hungarian bond yields* Hungary trying to push down borrowing costs (Adds further rise in Hungarian bond yields, Czech parliament vote)By Sandor PetoBUDAPEST, Jan 19 (Reuters) - Hungary's 10-year government bond yield hit a two-month high on Friday due to concern that the central bank's (NBH) new in...Read More
Sirius XM Holdings Inc. (NASDAQ:SIRI) and Nvidia Corporation (NASDAQ:NVDA) stocks have both been winners in recent years, andare again gaining today following bullish brokerage attention. Below we'll take a closer look at shares of SIRI and NVDA after the analyst notes. Deutsche Bullish On SIRI StockShares of Sirius XM are trading up 1.8% at $5.57, after Deutsche Bank upgraded the stock to "buy"...Read More
DAR ES SALAAM, Jan 19 (Reuters) - Tanzania's national oil company TPDC ordered Swala Oil and Gas on Friday to delay its acquisition of up to 40 percent in PAE PanAfrican Energy Corp. pending a more detailed assessment of the deal.Swala, a Tanzanian firm, said on Jan. 2 it would buy the stake in the unit of Canada's Orca Exploration Group for $130 million.The deal would give Swala part ownership of...Read More