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Trading Ideas

War With Iran Is Not Inevitable

(Bloomberg Opinion) — Now that the U.S. has taken out Qassem Soleimani, arguably the most important military figure in the 40-year history of the Islamic Republic, conventional wisdom holds that Tehran must respond with extreme prejudice. Supreme Leader Ali Khamenei has promised “severe retaliation,” and his regime is putting out videos of thousands of Iranian mourners demanding vengeance.What might that mean? Many commentators—and not only in Iran or the U.S—are suggesting that a new war in the Middle East is inevitable. Some liken Soleimani’s killing to the assassination of Archduke Franz Ferdinand, and on Twitter the hashtag WWIII has been …read more […]

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Trading Ideas

U.S. Killing of Soleimani Leaves Trump ‘Totally Unpredictable’

(Bloomberg) — Three years into Donald Trump’s presidency, U.S. allies and adversaries thought they had him figured out as a leader prone to bellicose talk who rarely delivered on his boldest military threats.That all changed Thursday with Trump’s decision to kill a key Iranian commander in the biggest foreign policy gamble of his time in office.With the high-stakes drone strike against General Qassem Soleimani, one of Iran’s most venerated leaders, Trump caught Tehran — and the rest of the world — by surprise, restoring a sense of unpredictability that could play to his advantage as world leaders are left wondering …read more […]

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Trading Ideas

Hudson’s Bay Chairman Weighs Raising Offer for Retailer

(Bloomberg) — Hudson’s Bay Co. Chairman Richard Baker raised his offer to take the struggling retailer private, handing a victory to minority shareholders including Catalyst Capital Group Inc. that fought to derail the original bid.Hudson’s Bay said in a statement late Friday it agreed to a new bid by Baker and a group of allies, who together control the company. The offer was increased for a second time to C$11 ($8.46) a share from C$10.30. Baker’s first offer was for C$9.45 apiece in June.The new take-private bid values the owner of Saks Fifth Avenue at about C$2 billion. Catalyst, a …read more […]

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Trading Ideas

Minority Shareholders Win as Hudson’s Bay Chairman Raises Offer

(Bloomberg) — Hudson’s Bay Co. Chairman Richard Baker raised his offer to take the struggling retailer private, handing a victory to minority shareholders including Catalyst Capital Group Inc. that fought to derail the original bid.Hudson’s Bay said in a statement late Friday it agreed to a new bid by Baker and a group of allies, who together control the company. The offer was increased for a second time to C$11 ($8.46) a share from C$10.30. Baker’s first offer was for C$9.45 apiece in June.The new take-private bid values the owner of Saks Fifth Avenue at about C$2 billion. Catalyst, a …read more […]

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Trading Ideas

Ghosn used our jets illegally in escape from Japan, Turkish company says

ISTANBUL/TOKYO (Reuters) – A Turkish private jet operator said on Friday that ex-Nissan boss Carlos Ghosn used two of its planes illegally in his escape from Japan, with an employee falsifying lease records to exclude his name from the documents. MNG Jet said it had filed a criminal complaint over the incident, a day after Turkish police detained seven people, including four pilots, as part of an investigation into Ghosn’s passage through Istanbul en route to Lebanon. Ghosn has become an international fugitive after he revealed on Tuesday he had fled to Lebanon to escape what he called …read more […]

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Business News

Fed’s Mester, who warned of inflation risks, says current policy ‘well calibrated’

Cleveland Federal Reserve Bank President Loretta Mester, among the Fed policymakers most concerned that easy monetary policy would risk excessive inflation, said on Friday she has put those fears to rest for now and is willing to leave rates at their current level absent some substantial change in the economy.

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