Argentina opened books on a dual-tranche euro-denominated bond, maturing in January 2022 and January 2027 The 10-year issue is being marketed around 5.625% and the 5-year at a yield of 4.5% area. The issue is managed by BBVA, BNP Paribas and Credit Suisse. Sovereign debt is rated B3 (stable) by Moody's and B- (stable) by Standard and Poor's.
Retail sales in the Eurozone fell less than expected in August, according to the latest figures from Eurostat. EU's statistics agency said retail sales dipped 0.1% from July, beating expectations of a 0.3% decline. However, they rose 0.6% y/y, forecasts were of a 1.5% increase.
Novartis will close Schlieren's plant in the canton of Zurich, cutting 73 jobs. The Swiss pharmaceutical company said yesterday that it would be moving its key research facility here to Basel ad Cambridge (US) as part of a “broader, global strategic plan” to shore up its resources. Novartis will leave also Singapore where it set up a private-public partnership with Singapore’s Economic Development Board.
The IMF maintened its forecast for weak economic growth in the advanced economies on Tuesday while citing increasing risks from isolationist sentiment, but upgraded its outlook for emerging markets. "Compared to the 1998‑2007 averages, long‑term potential growth is now projected to be lower in all regions", it wrote in the statement.
The British pound hit a new 31-year low against the U.S. dollar on Tuesday as markets continued to digest the news that the U.K. seems head for a "hard" exit from the European Union. The pound closed at $1.2759. It's weakest value since June 1985. The so-called "hard Brexit' is the way to leave it with restricted access to the EU single market.
Italy launched its first 50-year Bond on Tuesday. Like Spain, France and Belgium, in a statement, the Italian Finance Ministry said the bond would mature on March 1, 2067 and would be issued “in the near future”, as widely announced in recent weeks. The sale was arranged by Banca IMI, BNP Paribas, Goldman Sachs, HSBC France, JP Morgan Securities and Unicredit. Italy joined other euro zone countries that have locked in historically low rates by selling ultra-long debt this year.
Google has already been named as a potential bidder for Twitter, Bloomberg reported, citing "a person familiar with the arrangement," that Alphabet subsidiary Google is working with financial advisers Lazard to explore a bid for the social media company. Nonetheless, its spokeswoman Gina Scigliano refused to comment on the situation. A Lazard representative did not immediately respond to a request for comment.
UK manufacturing activity rose to its highest in more than two years, as the level new export orders surged on the weaker British Pound, a private survey revealed on Monday. According to Markit/CIPS, the Purchasing Managers' Index advanced to 55.4 in September, its highest level since June 2014, compared to the preceding month's 53.4 points, while market analysts anticipated a slight deceleration to 52.1 in the reported period. Back in July, the PMI dropped to 48.2 points amid Britain's decision to leave the European Union.
Facebook announced on Monday it is launching Marketplace, its version of the local rummage sale. With its 1.71 billion users, it's trying to capitalize on the e-commerce potential of its massive user base. According to company, more than 450 million people already visit Facebook groups that have items to buy and sell each month. The new marketplace allows users to find things to buy from users nearby, list items quickly, and through Facebook messenger, users can communicate to negotiate deals and arrange a meet up.
Nestle and Britain's R&R Ice Cream have completed the transaction to create their new Froneri ice cream and frozen food joint, Nestlè said on Monday. The 50/50 joint venture will combine Nestle and R&R ice cream businesses across Europe, the Middle East, Argentina, Australia, Brazil, the Philippines and South Africa. Froneri will also include Nestlé’s European frozen food business (excluding pizza and retail frozen food in Italy), as well as its chilled dairy business in the Philippines. Operational headquarters will be located in the UK. The terms of the transaction were not disclosed.
Jointly with renowned experts, SSF will debate key success factors for fruitful partnerships attract
Learn about the latest Cryto Currency and Blockchain investment opportunities, the features that set
At the upcoming conference you will get the opportunity to discuss Social Impact Bonds (SIB) and rel
The climate transition creates opportunities and risks, and financial institutions and corporations
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
Updates and news from MarketPlus
|Powered by Yahoo Finance|