Trading Ideas

We’d be surprised if Fate Therapeutics, Inc. (NASDAQ:FATE) shareholders haven’t noticed that the Chief Scientific… …read more […]

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 […]

(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 […]

(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 […]

(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 […]

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 […]

Disinformation campaigns helped lead to the assassination of Martin Luther King, the daughter of the U.S. civil rights champion said on Thursday after the head of Facebook said social media should not factcheck political advertisements. The comments come as Facebook Inc is under fire for its approach to political advertisements and speech, which Chief Executive Mark Zuckerberg defended on Thursday in a major speech that twice referenced King, known by his initials MLK. …read more […]

Asian stocks stumbled on Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal. China’s economy grew 6.0% in the third quarter, less than expected, and the weakest pace in at least 27-1/2 years, as the Sino-U.S. trade war hit demand at home and abroad. If there is any short-term move (higher) here in Asia it will genuinely be only short-term players because we’re not far from printing 5% in China GDP, and that’s not going to …read more […]

Q3 2019 East West Bancorp Inc Earnings Call …read more […]

(Bloomberg) — Since an unprecedented blackout plunged millions of Californians into darkness last week, residents and state officials have questioned how utility giant PG&E Corp. came to the decision to cut the lights.Now they have some answers.In a report filed with California utility regulators on Thursday, the San Francisco-based company said three vice presidents are responsible for deciding whether the power goes out to keep electrical lines from igniting blazes: Michael Lewis, senior vice president of electric operations; Sumeet Singh, vice president of asset and risk management; and Ahmad Ababneh, vice president of electric operations on major projects and programs. …read more […]

SINGAPORE/LONDON, Oct 18 (Reuters) – Asian spot prices for liquefied natural gas (LNG) rose to an eight-month high this week as demand for cargoes emerged ahead of winter. Spot prices for December delivery to Northeast Asia are estimated to be about $6.80 per million British thermal units (mmBtu), up 35 cents from last week, said several sources who are market participants. …read more […]

Q3 2019 Abbott Laboratories Earnings Call …read more […]

NEW YORK/LONDON, Oct 17 (Reuters) – A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp and Cheniere Energy Inc race ahead to build export terminals with fewer long-term contracts, while smaller developers struggle to find financing for their first plants. LNG trade has traditionally been underpinned by long-term purchasing deals which finance multi-billion dollar terminals that liquefy natural gas by chilling it to -260 degrees Fahrenheit (-160 Celsius), load it onto ships, and regasify it when delivered. “The industry is moving away from long-term agreements to justify …read more […]

Spot gold was unchanged at $1,491.62 an ounce as of 0057 GMT. Asian shares inched higher following Britain’s deal with the European Union, with MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.1%. The dollar slipped to a near eight-week low in the previous session, keeping gold prices propped up. …read more […]

Asian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth. Sterling, which had enjoyed its biggest rising streak since October 1985 and hit a five-month high on the back of the Brexit deal, gave up ground on Friday morning amid doubts that the agreement would receive parliamentary approval. MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 0.1% in early trade, echoing Wall …read more […]