Trading Ideas

It characterised the transaction as “costless” but a Reuters review of regulatory filings, market data and interviews shows that’s not the whole story. The aim of the complex financial maneuver, the company said, was to help preserve Occidental’s generous dividend to shareholders as it sought to take over rival Anadarko Petroleum for $38 billion last summer in the biggest industry deal for years. “With the additional leverage from the Anadarko acquisition, these new hedges will strengthen our 2020 cash flow in a low oil price environment, and provide additional assurance that our dividend is safe, while we are …read more […]

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Saudi Arabia, OPEC’s de facto leader, will work for oil market stability at a time of heightened U.S.-Iranian tension and wants to see sustainable prices and demand growth, the kingdom’s energy minister said on Monday. Prince Abdulaziz bin Salman said it was too early to talk about whether the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, would continue with production curbs agreed under a deal that expires in March. “As tension remains high in our region, Saudi Arabia will continue to do all it can do to ensure stable oil …read more […]

Jan.13 — Steven Pan, executive chairman of Silks Hotel Group and Formosa International Hotels, talks about the outcome of Taiwan’s elections, and the implications for the economy. Pan speaks with Stephen Engle on “Bloomberg Markets: Asia.” …read more […]

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Jan.13 — Xie Dong, chairman and chief science officer of Frontier Biotechnologies, a Chinese clinical-stage drug developer that focuses on HIV treatments, discusses the company’s business, outlook and its plan to list shares. He speaks on the sidelines of UBS Greater China Conference with Tom Mackenzie on “Bloomberg Markets: China.” …read more […]

Bitcoin’s intrinsic value (an estimate of the actual true value) is still below market price, according to JPMorgan. “The gap has not yet fully closed, suggesting some downside risk remains,” said JPMorgan strategists led by Nikolaos Panigirtzoglou (MD for Global Market Strategy) in a note published Friday, as reported by Bloomberg. The market price of […]The post Bitcoin’s intrinsic value remains below market price, ‘suggesting some downside risk’ – JPMorgan appeared first on The Block. …read more […]

Jan.13 — Finance Secretary Carlos Dominguez talks about the actions the government is taking as a volcano is erupting just 40 miles from Manila. He speaks with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets: Asia.” …read more […]

Jan.13 — Paul Ryan, head of international finance division at the Ireland Department of Finance, discusses the relationship between Ireland and Hong Kong, Ireland’s tech sector and his thoughts on Brexit. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Asia Financial Forum in Hong Kong. …read more […]

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put… …read more […]

The Reserve Bank of India (RBI) bought a net $6.93 billion in the foreign exchange market in November, marginally below the $7.1 billion it had purchased in the previous month, the monthly bulletin showed. In the forwards market, the RBI said it had a net outstanding sell position of $6.1 billion as of end-November, down from $7.47 billion at the end of the previous month. The central bank did not buy or sell any currency in the futures market, the bulletin showed. …read more […]

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(Bloomberg) — Shares of Chinese electric-vehicle makers including Warren Buffett-backed BYD Co. jumped after the government signaled it won’t continue reducing subsidies for the industry at the same pace this year.Miao Wei, the minister for industry and information technology, told an audience in Beijing on Saturday EV-purchase subsidies won’t be cut July 1, like they were on that date last year.“Please rest assured. There wont be a further cut on July 1 this year,” Miao said in a speech at an industry forum. The audience, which included representatives from major automakers, was thrilled enough to applaud.Though the minister later clarified …read more […]

Walmart Inc , the world’s largest retailer, has fired around 50 of its India executives as part of its restructuring in the country, three sources with direct knowledge told Reuters. The move underscores the struggles Walmart has faced in expanding its wholesale business in India. The Bentonville, Ark. based company currently operates 28 wholesale stores where it sells goods to small shopkeepers, and not to retail consumers. …read more […]

Walmart Inc, the world’s largest retailer, has fired around 50 of its India executives as part of its restructuring in the country, three sources with direct knowledge told Reuters. The move underscores the struggles Walmart has faced in expanding its wholesale business in India. The Bentonville, Ark. based company currently operates 28 wholesale stores where it sells goods to small shopkeepers, and not to retail consumers. …read more […]