No Picture
Trading Ideas

VW Plans Lamborghini Review

Oct.14 — Volkswagen is planning to review its options for Lamborghini. That comes as the world’s top car maker seeks to reach a market value of EU$200B, but a sale or IPO is currently off the table. Bloomberg’s Elisabeth Berhmann reports on “Bloomberg Markets: European Open.” …read more […]

No Picture
Trading Ideas

German security rulebook to keep 5G door open to Huawei – source

A new German security rulebook will not exclude Chinese telecoms equipment maker Huawei Technologies from supplying gear for the country’s 5G mobile networks, a senior government source said on Monday. The ‘security catalogue’, due to be published this week, will confirm Germany’s decision to keep a level playing field for suppliers to next-generation telecoms networks, despite calls by the United States to ban Huawei. Operators had warned that banning Huawei could add years of delays and billions of dollars in costs to rolling out 5G networks in Germany that could power super-fast home broadband, connected factories or, one …read more […]

No Picture
Trading Ideas

GLOBAL MARKETS-Stocks slip amid lack of detail on trade deal

A global index of stock markets slipped on Monday as signs of progress in the China-U.S. trade dispute drew mixed a reaction from investors, with some cautioning over a lack of detail in the initial stages of the agreement. Stock markets in Asia cheered U.S. President Donald Trump’s outlining the first phase of an agreement to end a trade war with China and suspending a threatened tariff hike, but European shares slipped. Germany’s DAX, dominated by companies exposed to China, slipped 0.5%. …read more […]

No Picture
Trading Ideas

Catalan Leader Jailed for 13 Years for Attempt to Break Up Spain

(Bloomberg) — Catalan separatists who tried to break away from Spain in 2017 were handed jail sentences of up to 13 years by the Supreme Court in Madrid in an unprecedented ruling that marks a watershed in relations with the troubled region.Former Catalan Vice President Oriol Junqueras was handed the stiffest sentence while eight other activists were given jail terms of between nine and 12 years for their part in an illegal referendum that triggered a month of unrest that shook the Spanish state in 2017, according to a statement from the court in Madrid. Carles Puigdemont, the regional leader …read more […]

No Picture
Trading Ideas

UPDATE 1-Turkish lira slips but traders doubt Trump's sanctions threat

Turkey’s lira slipped 0.6% on Monday after U.S. President Donald Trump warned of “powerful” sanctions over the country’s offensive into Syria, a somewhat muted response that analysts said reflected doubt that the White House would act. The currency, which suffered a crisis last year that knocked Turkey’s economy into recession, has fallen nearly 12% so far this year and 4.8% this month alone as Ankara and Syrian allies attacked Kurdish-led forces in northeastern Syria. The intervention, now in its sixth day, has drawn international condemnation including calls for a broader European Union arms embargo and, in Washington, Trump’s …read more […]

No Picture
Trading Ideas

Stocks Mixed as Investors Weigh Trade Prospects: Markets Wrap

(Bloomberg) — European stocks dropped, U.S. equity futures edged higher and Asian shares rose broadly as investors weighed signs of progress in U.S.-China trade negotiations. European bonds advanced.Energy and banking shares led Monday’s decline in the Stoxx Europe 600 index declined after the gauge jumped the most since January on Friday. Equities climbed from Sydney to Hong Kong, helping sustain a rally in emerging-market assets, after President Donald Trump said the two sides agreed to the outlines of a partial deal that could be signed as early as next month. S&P 500 futures ticked higher after the U.S. equities gauge …read more […]

No Picture
Trading Ideas

U.K. Cyber Firm Sophos Accepts $3.8 Billion Thoma Bravo Bid

(Bloomberg) — Private equity firm Thoma Bravo agreed to buy Sophos Group Plc for $3.8 billion, potentially adding another U.K. tech firm to a list of those bought by overseas investors.Thoma Bravo offered $7.40 in cash for each share of the cybersecurity firm, or 583 pence per share, a premium of 37.1% to the closing price at the end of trading Friday, according to a statement Monday.The offer values Sophos at $3.8 billion, making it one of the largest take-private U.K. tech deals in recent years. The Sophos directors intend to recommend in favor of the deal. Shares of the …read more […]