Trading Ideas

SEATTLE/WASHINGTON, Oct 4 (Reuters) – An attorney representing families of passengers killed in a Boeing Co 737 MAX crash in Ethiopia said on Friday he will seek sworn evidence from a Boeing engineer who claims the company rejected a proposed safety upgrade to the 737 MAX because it was too costly. The engineer, Curtis Ewbank, said the upgrade could have reduced risks that contributed to two fatal crashes in Indonesia and Ethiopia that together killed 346 people, according to two people familiar with the complaint. Ewbank filed the complaint through internal Boeing channels after the March crash of …read more […]

(Bloomberg) — The battle for control of Osram Licht AG is set to enter a new round after Austria’s AMS AG vowed to keep fighting after a sweetened 4 billion euro ($4.4 billion) offer failed.AMS, a supplier to Apple Inc., will seek a regulator nod to raise its 19.99% stake in Osram. As the biggest shareholder in the German lighting maker, AMS’s approval has become key for any would-be rival bidder. Osram has said private equity investors Bain Capital and Advent International are inspecting its books with a plan to make an offer.“We doubt private equity will launch a superior …read more […]

(Bloomberg) — A growing number of German banks are passing on negative interest rates to their retail customers as the costs become too high to bear on their own.Berliner Volksbank, the country’s second-largest cooperative lender, started to apply a minus 0.5% rate on deposits exceeding 100,000 euros ($110,000) in its first charge for retail clients. The move may encourage other lenders to follow suit, with both Deutsche Bank AG and Commerzbank AG signaling that they’re warming to the idea.“Things are changing in the industry and we expect further negative interest rates, especially since one of the major cooperative lenders has …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.For post-Brexit Britain, the kindness of strangers and their money will be more vital than ever.Prime Minister Boris Johnson has amped up his rhetoric that the U.K. will leave the European Union at the end of this month — even if there is no basis for a future relationship. In the worst-case scenario, a chaotic exit followed by ratings downgrades, a plunge in the pound, a government boosting spending and a central bank struggling to support markets could see capital flee from …read more […]

The head of Lebanon’s central bank said on Monday it is continuing to provide dollars to local financial markets, adding the country has “numerous possibilities” as it looks for assistance to curb a sharp loss of investor confidence. “We know there is a lot of noise about the monetary situation, however the capacities are available and we are continuing to secure dollars to the markets in Lebanon,” Banque du Liban Governor Riad Salameh, who is in the United Arab Emirates for meetings, said in comments to journalists distributed by Tele Liban. Asked if the UAE may provide Lebanon …read more […]

Chinese officials are signaling they’re reluctant to agree to the kind of broad trade deal that President Trump wants. …read more […]

Washington’s latest accusation that China is dumping wooden cabinets and vanities on U.S. shores sums up the mood between the two warring sides as they head into another round of high-level discussions. The talks in Washington on Oct. 10-11 will be led from the Chinese side by President Xi Jinping’s top economic adviser, Vice Premier Liu He. Investors’ expectations are low, given Trump’s penchant for impulsive forays in the nearly two years of on-again, off-again negotiations. …read more […]

Singapore’s economy likely escaped a technical recession in the third quarter even as growth stayed subdued, weighed down by the prolonged trade dispute between the United States and China, a Reuters poll showed. Gross domestic product (GDP) is expected to have increased 1.5% on a quarter-on-quarter, seasonally adjusted and annualised basis in July-September, according to the median forecast of 11 economists in the poll. “Third-quarter GDP is expected to stay weak and narrowly dodge a technical recession,” said Lee Ju Ye, an economist with Maybank Kim Eng. …read more […]

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]

Cryptocurrency derivatives exchange CoinFLEX is launching physically-settled futures contracts for Libra, the Facebook-led proposed stablecoin. The exchange plans to hold an initial futures opening (IFO) for Libra futures on Oct.The post Crypto derivatives exchange CoinFLEX offering physically-settled Libra futures appeared first on The Block. …read more […]

Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see Centaur… …read more […]

Apple Inc supplier Japan Display Inc said it aims to clinch a deal for least 50 billion yen ($468 million) in vital funding by the end of the month, having had to scramble after a Chinese investor group suddenly pulled out of a bailout plan. New Chief Executive Minoru Kikuoka told Reuters in an interview that liquid crystal display (LCD) screens are drawing renewed market interest, pointing to solid demand for affordable smartphones with low-cost screens. Japan Display has said Hong Kong-based Oasis Management still plans to contribute $150-180 million, while a major Japan Display client, which sources …read more […]

(Bloomberg) — Oyo Hotels and Homes is raising $1.5 billion from founder Ritesh Agarwal, SoftBank Group Corp. and other investors as the India lodging startup expands into foreign markets such as the U.S. and Europe.Agarwal, 25, will spend $700 million to buy new shares in the company as part of a previously reported $2 billion plan to triple his ownership stake. Existing investors SoftBank’s Vision Fund, Lightspeed Venture Partners and Sequoia India will contribute the rest of the current round.Agarwal, who founded Oyo in 2013, has built it into India’s second-most valuable startup with a valuation of about $10 billion. …read more […]

(Bloomberg Opinion) — Mario Draghi, the departing head of the European Central Bank, has been buffing up his “savior of the euro” image in a swansong series of interviews. But not everyone is standing up to applaud.Echoing many of his less-than-impressed fellow Germans, the chief executive officer of insurer Allianz SE laid into both the ECB and Draghi last week. “The politicians and the regulators have told us they fixed the banking system and insurance system in terms of this negative spiral of financial sector risk morphing into sovereign risk and [looping] back,” Oliver Baete said. “It is the biggest …read more […]

Apple Inc supplier Japan Display Inc said it aims to clinch a deal for least 50 billion yen ($468 million) in vital funding by the end of the month, having had to scramble after a Chinese investor group suddenly pulled out of a bailout plan. New Chief Executive Minoru Kikuoka told Reuters in an interview that liquid crystal display (LCD) screens are drawing renewed market interest, pointing to solid demand for affordable smartphones with low-cost screens. “We are close to 50 billion and I believe we can cement the deal this month,” said Kikuoka, who took …read more […]