Month: October 2019

(Bloomberg) — German Chancellor Angela Merkel’s government is about to unveil plans for a cloud service to allow European companies to avoid storing data with U.S. or Asian rivals such as Amazon.com Inc. or Alibaba Group Holding Ltd.Economy Minister Peter Altmaier will reveal the service — named Gaia-X after a Greek goddess symbolizing Earth — at a tech conference Tuesday in Dortmund, Germany. He has worked on the project with officials from companies including SAP SE, Deutsche Telekom AG and Deutsche Bank AG, according to a strategy paper by the Economy Ministry obtained by Bloomberg News.”Data are the resource of …read more […]

(Bloomberg Opinion) — Bernard Arnault knows you don’t get trophy assets at bargain prices. His luxury goods company LVMH Moet Hennessy Louis Vuitton SE will probably have to pay top dollar to win over shareholders in Tiffany & Co. after making a $14.5 billion proposal to buy the U.S. jeweler.If a deal happens, LVMH investors will need to put faith in Arnault’s record of running his businesses well, and the idea that it’s worth preventing Tiffany falling into rival hands.LVMH’s initial proposal, worth about $120 per Tiffany share according to Bloomberg News, should be easy for the American company to …read more […]

Russia’s energy ministry said on Monday that OPEC and its oil-exporting allies would factor in the slowdown of U.S. oil output growth when they meet to discuss their output agreement in December, the TASS news agency reported. It is too premature, however, to talk about deeper production cuts, TASS cited Russian Deputy Energy Minister Pavel Sorokin as saying. The Organization of the Petroleum Exporting Countries, Russia and other producers – a group known as OPEC+ – have since January implemented a deal to cut oil output by 1.2 million barrels per day to support the market. …read more […]

(Bloomberg) — A sell-off in China’s government bonds is getting worse by the day.The plunge in the sovereign notes accelerated on Monday, pushing the benchmark 10-year yield up by the most since April. Selling momentum surged to the strongest since late 2017, according to the 14-day relative strength index on the rate.Risk appetite has returned as traders become increasingly optimistic that China and the U.S. will sign a partial trade deal next month. Meanwhile, bets for aggressive monetary easing have waned as the Asian nation’s inflation grew at a faster-than-expected pace in September.The People’s Bank of China skipped open-market operations …read more […]

(Bloomberg) — Chinese investors snapped up every blockchain-related stock in sight after President Xi Jinping said Beijing wants to speed up development of the technology.The gains were widespread Monday, with Insigma Technology Co. and Sinodata Co. among more than 60 tech shares surging by the daily limit in Shanghai and Shenzhen. The excitement coincided with a 26% rally in Bitcoin, and also boosted stocks with more tenuous connections to blockchain, like baby-food producer Beingmate Co. and selfie-app developer Meitu Inc.Xi said China will increase investment in blockchain technology after chairing a study session last week on developing the industry, state-owned …read more […]

Bob Dudley became the CEO of BP p.l.c. (LON:BP.) in 2010. This report will, first, examine the CEO compensation levels… …read more […]

Is Ørsted A/S (CPH:ORSTED) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can… …read more […]

(Bloomberg Opinion) — HSBC Holdings Plc will need more than a nip and a tuck if it’s to ease Chairman Mark Tucker’s envy of his JPMorgan Chase & Co. counterpart Jamie Dimon.Tucker told managers recently that more than 30% of HSBC’s capital was generating returns of less than 1% and singled out the American bank as a template to emulate. At roughly $2.75 trillion in total assets, the rivals are similar in size. Yet under Chairman and CEO Dimon, JPMorgan ekes out 1.3% on assets while Europe’s largest lender routinely struggles to garner even half as much.The latest period was …read more […]

Oct.28 — LVMH has offered to buy Tiffany and Co. for about $14.5B, according to Bloomberg sources. Tiffany is said to be evaluating the bid by the French group which already owns LVMH and Givenchy. Bloomberg’s Jinshan Hong reports on “Bloomberg Markets: Asia.” …read more […]

Oct.28 — Masja Zandbergen, head of ESG integration at Robeco, discusses sustainable investing, buy-in from companies and where she’s seeing the biggest opportunities. She speaks on “Bloomberg Markets: Asia.” …read more […]