Trading Ideas
Year: 2020
Trading Ideas
Latam Airlines Files Chapter 11 Bankruptcy, Stymied by Lockdowns
(Bloomberg) — Latam Airlines Group SA, Latin America’s largest air carrier, sought bankruptcy court protection in New York after the Covid-19 pandemic grounded flights across the region.The Chapter 11 petition allows Latam to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. Latam, whose shareholders include Chile’s Cueto family and Delta Air Lines Inc., continues to operate on a reduced schedule, and it has commitments for a bankruptcy loan of up to $900 million.The money is coming from shareholders including the Cuetos, the Amaro family and Qatar Airways, according to a …read more […]
Business News
Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO: sources
Daimler AG plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said.
Trading Ideas
Asian Health-Care Stocks Are Expensive, Citi PB’s Peng Says
May.25 — Ken Peng, Asia Pacific investment strategist at Citi Private Bank, talks about the state of the region’s markets, the implications of the political tensions between the U.S. and China, and the opportunities he sees. He speaks with Yvonne Man and Tom Mackenzie on “Bloomberg Markets: Asia.” …read more […]
Business News
Exclusive: Cathay Pacific’s brand merger hits roadblock from China’s aviation regulator – sources
China’s aviation regulator may make it difficult for Hong Kong’s Cathay Pacific Airways Ltd to merge regional arm Cathay Dragon into its main brand because of infractions during last year’s pro-democracy protests, two sources said.
Business News
Walmart’s Mexico unit pays scaled-down tax of $358 million after government talks
Walmart de Mexico paid $358 million in taxes after talks with the Mexican government over an even larger sum authorities had aimed to charge the retailer for the sale of a restaurant chain, the company said on Monday.
Trading Ideas
Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines
(Bloomberg) — The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.Lasertec Corp. is the world’s only maker of testing machines required to verify chip designs for the nascent extreme ultraviolet lithography (or EUV) method of chipmaking. In 2017, Lasertec solved a key piece of the EUV puzzle when it created a machine that can inspect blank EUV masks for …read more […]
Business News
Japan shares hit 10-week peak, S&P 500 tests 3,000
Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.
Trading Ideas
Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease
Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world. U.S. West Texas Intermediate (WTI) crude futures gained 2.3%, or 75 cents, to $34.00 as of 0057 GMT. Brent crude futures inched up 0.7%, or 23 cents to $35.76, adding to a 1.1% gain on Monday in thin holiday trading. …read more […]
Business News
Chile’s Latam Airlines Group hires PJT Partners to restructure debt: report
Chile’s Latam Airlines Group SA has hired U.S. investment boutique PJT Partners to explore debt restructuring options that may include bankruptcy protection filings in three countries, Brazilian newspaper O Estado de S. Paulo reported late on Monday.
Trading Ideas
China Should Drop National Security Law: Fmr. H.K. LegCo Member Lau
May.25 — Emily Lau, former chairperson of Hong Kong’s Democratic Party and the first woman directly elected to the Legislative Council in 1991, discusses China’s plans to impose a sweeping national security law. She speaks with David Ingles and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.” …read more […]
Trading Ideas
Japan gives up approving Avigan drug for COVID-19 by May-end – Kyodo
Japan’s government has given up on approving Fujifilm Holdings Corp’s Avigan drug for the treatment of COVID-19 by the end of May, Kyodo News reported late on Monday citing a government official. Prime Minister Shinzo Abe said earlier this month he hoped the drug would be approved some time in May if its efficacy and safety could be confirmed. Fujifilm shares slumped last week after Kyodo reported that an interim study showed no clear evidence of efficacy for Avigan in COVID-19 cases. …read more […]
Trading Ideas
Only a Few Hedge Funds Made Money in March and April. Here’s How
(Bloomberg) — Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.After weeks of broken sleep, his Atlantic Pacific Australian Equity Fund was up 23.6% for March and April, making it one of the rare hedge funds globally that made money in both periods. The two wildly different months messed with even some of the biggest money managers. In March, several bears reaped fortunes by betting on falling markets, only to lose money in …read more […]
Business News
Samsung Group heir questioned by prosecutors over contentious 2015 deal
Samsung Group heir Jay Y. Lee on Tuesday was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group’s affiliates, Yonhap News Agency said.
Business News
Samsung Group heir questioned by prosecutors over a 2015 deal
Samsung Group heir Jay Y. Lee on Tuesday was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group’s affiliates, Yonhap News Agency said.