Trading Ideas
Have Fate Therapeutics, Inc. (NASDAQ:FATE) Insiders Been Selling Their Stock?
We’d be surprised if Fate Therapeutics, Inc. (NASDAQ:FATE) shareholders haven’t noticed that the Chief Scientific… …read more […]
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Business News
Oil ticks up as rising crude stocks are offset by products demand
Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world’s biggest oil consumer, was countered by bullish signals from both the Chinese and U.S. refining sectors.
Business News
Nissan on recovery path, incoming CEO Uchida tells employees
Nissan Motor Co’s incoming chief executive Makoto Uchida told employees in a video message on its internal website on Friday that his mission is to “restore business performance and regain trust in Nissan,” according to a transcript of the message viewed by Reuters.
Business News
Shares slip on weak China growth, dollar suffers weekly mauling
World stocks slipped after China posted its weakest growth rate in nearly three decades on Friday, while the dollar was set for its worst week in almost four months having been pummeled by pound and euro Brexit rallies.
Business News
AB Volvo warns of demand slump as truck orders plunge
Swedish truckmaker AB Volvo reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings.
Business News
Snakes and ladders: SoftBank Vision Fund’s climbing, sliding valuations
The $100 billion Vision Fund of Japan’s SoftBank Group Corp has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
Business News
Factbox: Snakes and ladders – SoftBank Vision Fund’s climbing, sliding valuations
The $100 billion Vision Fund of Japan’s SoftBank Group Corp has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
Trading Ideas
UPDATE 1-Renault sales warning drags on European shares
French carmaker Renault dragged European shares lower on Friday, while the sharpest contraction in the Chinese economy in nearly three decades exacerbated worries about slowing global growth. Renault slumped 12.7% to lowest since 2013 after the company cut its full-year revenue and profit forecast amid a broad-based slump in auto sales. The fall put the wider auto and auto parts index on course for its biggest percentage drop in two-and-a-half weeks, and pulled the Paris index down 0.2%, lagging its European peers. …read more […]
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Marriott International Is Near Deal for Elegant Hotels
(Bloomberg) — Marriott International Inc. agreed to take over Elegant Hotels Group Plc in a transaction that will deepen the lodging giant’s reach into the Caribbean.Marriott International will pay 110 pence a share in cash for Elegant Hotels, a 57% premium to its Thursday close, according to a statement Friday that confirmed an earlier Bloomberg News report. That values the company at about 101 million pounds ($130 million), or $199 million including debt, the company said in the statement.Elegant Hotels shares gained as much as 56% in London trading Friday morning, the most on record. The deal is subject to …read more […]
Business News
Renault shares plunge as profit warning deepens its problems
A hefty profit warning sent Renault shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry.
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ING Vies With Credit Suisse for Oil Tycoon’s London Flats
(Bloomberg) — Two of Europe’s biggest banks want to seize oil trader Igho Sanomi’s London homes. Let the battle commence.ING Groep NV and Credit Suisse Group AG are vying for the Nigerian tycoon’s properties in Chelsea, Belgravia and Kilburn over $5 million in unpaid debts they allege is owed by his company Taleveras Energy. ING’s Brussels and Geneva branch is owed $2.2 million, ING lawyer Rupert Cohen said Wednesday in written submissions to a London court.Credit Suisse is owed about $3 million, according to a filing the lender made in April. The Swiss bank seized Sanomi’s private jet, Bloomberg reported …read more […]
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Ex-Credit Suisse Banker Says Secret Affair Helped Fuel $45 Million Fraud
(Bloomberg) — A former Credit Suisse Group AG banker told a federal jury in New York that his decision to take millions of dollars in bribes was fueled in part by his secret love affair with a subordinate.Andrew Pearse, 49, admitted he got at least $45 million for his role in arranging $2 billion in loans to companies in Mozambique. He’s the U.S. government’s first witness in the trial of Jean Boustani, a Privinvest Group salesman who’s accused of defrauding U.S. investors.Pearse testified Thursday that while sitting by a pool at a hotel in Maputo, Mozambique, in 2013, Boustani offered …read more […]
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Bitcoin has failed as a means of payment or store of value: G7 report
Cryptocurrencies, including bitcoin, have so far failed to provide a “reliable and attractive” means of payment or store of value, according to a report from the Group of Seven (G7) nations.The post Bitcoin has failed as a means of payment or store of value: G7 report appeared first on The Block. …read more […]
Business News
Vivendi shares rise as UMG stake sale attracts interest
Shares in French media group Vivendi jumped on Friday after it posted higher third-quarter revenue and said that a potential sale of a stake in its Universal Music Group (UMG) was attracting buyer interest.
Business News
Cathay Pacific shelves U.S. dollar bond plans amid Hong Kong unrest
Cathay Pacific Airways Ltd has shelved plans for its first U.S. dollar debt deal in 23 years, the airline said on Friday, after sources told Reuters that global investors had baulked at the pricing due to civil unrest in Hong Kong.