No Picture
Trading Ideas

China decides to not eliminate crypto mining industry in a new final plan

The Chinese government has decided not to eliminate the cryptocurrency mining industry from the country in a new final plan. The National Development and Reform Commission (NDRC) of China, a central government agency in charge of formulating macroeconomic policies, has today published a final “Industrial Structure Adjustment Guidance Catalog” – a list of those industries […]The post China decides to not eliminate crypto mining industry in a new final plan appeared first on The Block. …read more […]

No Picture
Trading Ideas

Bulls Bet on Walgreens Boots Shares Before Buyout News Broke

(Bloomberg) — Equity bulls had been eyeing Walgreens Boots Alliance Inc. just before news broke Tuesday that the company is considering going private.Trading of bullish options surged to a level not seen in two years Monday, amid the biggest two-day gain in the stock since 2014, data compiled by Bloomberg show. Calls betting that the shares would advance to at least $61 were the most traded — they’ve been below that price since April.Walgreens Boots climbed for a third day Tuesday, closing at $61.21, as people familiar with the matter said the retail pharmacy recently held informal talks with private-equity …read more […]

No Picture
Trading Ideas

Xerox Considers Takeover Offer for HP, Dow Jones Reports

(Bloomberg) — Xerox Holdings Corp. is considering a cash-stock offer for the $27 billion PC giant HP Inc., the Wall Street Journal reported, a deal that could combine two of the biggest American names in office hardware.Xerox’s board met Tuesday to deliberate a deal that could result in $2 billion of annual cost savings, the newspaper cited unidentified people as saying. While there’s no guarantee the company will follow through, any offer would value HP at a premium to its market value, the Journal reported. Representatives for the companies weren’t immediately available for comment after regular business hours.Xerox, which a …read more […]

No Picture
Trading Ideas

UPDATE 1-Kazakh energy minister says new Tengiz expansion cost too high

NUR-SULTAN, Nov 6 (Reuters) – Kazakhstan believes the new, increased cost of the Tengiz oilfield expansion project is too high and wants Chevron and ExxonMobil to review it, Energy Minister Kanat Bozumbayev said on Wednesday. Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, said last week that cost overruns would balloon project expenses by 25% to $45.2 billion.. “Generally, we told them that in our opinion the sum is too high,” Bozumbayev told reporters when asked about Tengiz costs. …read more […]

No Picture
Trading Ideas

Tesla Reaches Preliminary Battery-Supply Deal With CATL

(Bloomberg) — Tesla Inc. has reached a preliminary agreement to start using CATL as a battery supplier for cars made in China from as early as next year, and the companies are in talks to expand the relationship globally, according to people familiar with the matter.Following months of negotiations, the companies clinched a non-binding deal after Tesla Chief Executive Officer Elon Musk traveled to Shanghai in late August and met with CATL Chairman Zeng Yuqun for about 40 minutes, according to the people, who asked not to be named discussing private deliberations. Though a final agreement is expected to be …read more […]