1) Swiping Cards 800 Times: Way to Beat China's Money Outflow Curbs
(Bloomberg) -- More than 800. That's how many times Hong Kong insurance agent Raymond Ng swiped the credit cards of a mainland Chinese client buying HK$28 million ($3.6 million) worth of insurance policies in the city earlier this month. Dozens, maybe more. That's how many other agents are using similar tactics as a way around new restrictions on insurance policy purchases by mainlanders that are often used to evade capital controls and get their money out of ...
2) Modi Rebuts Analysts Who Doubt India's World-Beating Growth
(Bloomberg) -- Indian Prime Minister Narendra Modi offered a wide-ranging rebuttal to critics who say he's gotten lucky with low oil prices. Loan growth has picked up, corporate rating upgrades are now outpacing downgrades, foreign direct investment hit a record last year and some key manufacturing sectors such as carmakers are growing rapidly, Modi said at an event organized by Bloomberg LP in New Delhi on Monday. The focus is now on clean energy, farm ...
3) Virgin America Said to Attract JetBlue, Alaska Air Bids
(Bloomberg) -- Virgin America Inc. received takeover offers from JetBlue Airways Corp. and Alaska Air Group Inc. after the carrier backed by billionaire Richard Branson put itself up for sale, according to people familiar with the matter. Discussions between Virgin America and the two bidders are ongoing, and a deal could be announced as early as next week, the people said, asking not to be identified discussing private information. It is ...
4) The Most China-Dependent Economy Isn't So Keen on Chinese Money
(Bloomberg) -- Australia, the developed world's most China- reliant economy, offers a natural destination for billions of dollars of investment from its largest trading partner. There's just one hurdle -- the Australians themselves. When Australia's largest dairy farm was sold to Chinese buyers last month, its biggest tabloid paper howled that the government was 'Milking Us Dry!' by approving the deal. That chimes with a survey showing most Australians think too ...
5) KKR Said to Mull Record $9 Billion Target for Third Asia Fund
(Bloomberg) -- KKR & Co., the alternative asset manager co- founded by Henry Kravis and George Roberts, is considering a record $9 billion target for its third Asia-dedicated buyout fund, said people familiar with the matter. The firm is in early talks with investors about raising the pool in 2017, said the people, who asked not be identified because the information is private. The target figure is predicated on the strong deal flow KKR executives believe is likely to ...
6) China Pushes Big State Companies to Leave Overcrowded Beijing
(Bloomberg) -- Beijing may be pulling in the welcome mat for many of the country's biggest state-owned companies, including some that have had their headquarters in the capital for decades, setting off a scramble among other cities competing to lure them away. The plan -- part of President Xi Jinping's blueprint to reinvigorate the economy -- aims to move the main offices of state firms that have no core business in Beijing, according to two people familiar with the ...
7) Sky-High Cost of Top Ice-Cream Flavoring Is Hardly Plain Vanilla
(Bloomberg) -- There's nothing plain about the vanilla market. The price of the bean used to flavor everything from ice cream and chocolate to cola and pastries more than tripled in the past year as output slipped and quality suffered. That should have been a boon for top producer Madagascar, the island nation off Africa's southeast coast. Instead, the government is imposing measures to improve supply and quality to protect its market share. ...
8) China Must Tie Territorial Ambition to New Rules, Singapore Says
(Bloomberg) -- As Xi Jinping heads to Washington this week to meet with some of the world's biggest powers, one of Asia's smallest countries is urging him to match China's economic clout with better leadership on the security front. Singapore views China's rise in Asia with "sublime acceptance," Defence Minister Ng Eng Hen said on Thursday in an interview. "It's a fait accompli," he said. "You cannot contain China." Still, he ...
9) Bradesco Said to Avoid Asset Sales on Purchase of HSBC Unit
(Bloomberg) -- Brazil's antitrust regulator plans to approve Banco Bradesco SA's $5.2 billion purchase of HSBC Holdings Plc's local retail unit without forcing the Brazilian firm to sell assets, people with direct knowledge of the matter said. Approval for the deal is likely in May, the people said, asking not to be identified because the decision hasn't been made public yet. Osasco-based Bradesco will be required to improve customer service and keep in place ...
10) China Bull Who Beat 99% of All Bond Funds Says Yuan Drop Is Over
(Bloomberg) -- For an investor whose fortunes are tied to a currency that most forecasters warn is destined to decline, Andy Seaman is surprisingly upbeat. The manager of Stratton Street Capital's Renminbi Bond Fund says the shock devaluation of China's currency in August -- and the raft of dire analyst predictions that followed -- have failed to shake his confidence. He expects the renminbi, also known as the yuan, to gain against the dollar by the end of 2016 and keep ...
11) AllianceBernstein Becoming Energy Banker as Wall Street Retreats
(Bloomberg) -- As the biggest banks pull back from lending to troubled energy companies, AllianceBernstein LP is stepping in. The $460 billion asset manager is building up a team in its fixed-income business that invests in oil and gas companies. It will make loans, buy bonds, and take equity stakes. The company has hired Daniel Posner, a veteran distressed-debt money manager, to lead the team along with Petter Stensland, a high- yield credit analyst at the firm. ...
12) Southern Methodist's Condon Resigns From $1.5 Billion Endowment
(Bloomberg) -- Michael Condon, treasurer and chief investment officer at Southern Methodist University, resigned after eight years overseeing one of the largest private college endowments in Texas. Condon resigned from the Dallas-based school on March 24, Kent Best, a spokesman, said in an e-mail on Monday. No reason was given and Best didn't respond to a request for further comment. The university, home to the George W. Bush Presidential Library and Museum, will seek ...
13) RBA Rate Cut in Response to Stronger Aussie Seen by Bond Bull
(Bloomberg) -- BT Investment Management is betting that an overvalued currency will shake the Reserve Bank of Australia's confidence in the economy and force it to slash interest rates. The Australian dollar has already risen more than 3 percent percent this year to 75.39 U.S. cents as of 8:47 a.m. on Tuesday in Sydney and could reach 80 cents, according to the fund manager's Sydney-based head of fixed income Vimal Gor, who helps oversee about ...
14) Loeb Favors Executive Behind 7-Eleven Sales Boom Over CEO's Son
(Bloomberg) -- Billionaire hedge fund manager Dan Loeb's choice to be the next chief executive officer of Japan's Seven & i Holdings Co. boosted sales at the retailing giant's convenience-store unit for 43 consecutive months even as a sales tax increase during the period weighed on broader consumption. Seven-Eleven Japan's results explain why its president, Ryuichi Isaka, should be a leading candidate to take over as chief of the parent company rather ...
15) To Today's Emerging-Market Investor, It's All About the Politics
(Bloomberg) -- During the boom years, when China's demand seemed insatiable and commodity prices dependable, the emerging- markets team at Stone Harbor Investment Partners in New York visited its countries once or twice a year. In the past six months, it has made four trips to Brazil and, since January, toured Colombia, Mexico, Venezuela, Poland and Malaysia. "We are in the part of the cycle when the economies slow down and administrations have to take tough ...
16) China's Job-Saving Coal Fix May Mean More Trouble in Appalachia
(Bloomberg) -- China's biggest coal region has a fix for the country's glut that may send shivers through miners from the U.S Appalachian Mountains to Australia's Hunter Basin. The Chinese government wants to shut roughly 9 percent of its production capacity to shrink its industrial sector and clean its polluted skies. That means dismissing 1.3 million coal workers, risking social unrest that Beijing wants to avoid. An alternative touted by the northern province of ...
17) Mitsui, Mitsubishi Debt Risk Spike on Loss Outlook Seen Overdone
(Bloomberg) -- The perceptions of debt risk at two of Japan's top trading houses may have overshot reality, as their balance sheets remain solid even after they forecast annual losses, according to Mizuho Financial Group Inc. and BNP Paribas SA. The cost to insure Mitsui & Co. debt jumped 13 basis points to 80.5 on March 23, the biggest increase in six months, after the company predicted its first net loss, according to CMA data. Mitsubishi Corp.'s credit-default swaps ...
18) Bull Market in S&P 500 Goes AWOL as History Rewards Patience
(Bloomberg) -- For investors getting antsy after a yearlong stretch in which U.S. stocks have gone nowhere, patience may yet be a virtue. It has seemed like anything but a bull market for months, with earnings in free fall, the Federal Reserve raising interest rates and investors pulling dollars from equity funds by the billions. Down 1.2 percent from a year ago, the Standard & Poor's 500 Index hasn't seen a new high in 10 months, the longest streak outside a bear market since ...
19) Oil Enthusiasts Stay Out of Rally Led by Shrinking Bearish Bets
(Bloomberg) -- Oil enthusiasts haven't been jumping on board the latest rally. As crude has soared more than 50 percent since Feb. 11, the number of bets on increased prices has barely budged. Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at an unprecedented pace. The liquidation of short positions during the last seven weeks covered by data from the U.S. Commodity Futures Trading Commissionwas the ...
20) ECB's Gloomy Price Outlook to Be Confirmed Just as QE Expands
(Bloomberg) -- As Mario Draghi prepares to ramp up debt purchases starting Friday in his biggest assault against euro- area deflation risks, he's about to get another sense of the magnitude of the challenge. Consumer prices in the currency zone probably fell for a second month in March and the unemployment rate remained in double digits in February, economists forecast in Bloomberg surveys before data this week. Another report is expected to say economic confidence was ...
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment