Glencore has sharply raised the stakes in the bidding war for Rio Tinto’s Hunter Valley coal mines by delivering a fresh $2.675 billion offer for the assets. In an announcement in London, Glencore said it would increase its offer by $125 million in an attempt to trump Yancoal’s $2.45 billion bid, which had been selected by Rio Tinto. However, in a major sweetener Glencore said it would expedite payment to Rio Tinto with a cash settlement once the deal is completed.
President Trump has railed against false news as the MSM (Main Stream Media) report (?) his horrendous doings as they are determined to delegitimize his administration by any means possible. Likewise the Fed and Wall Street attempt to pass off dubious statistics as proof that the economy and stock markets are fairing well. They do not want people to panic but to continue buying what is for sale. The preposterous claims of Russian interference in the 2016 presidential election are matched by the ridiculous statistics promulgated by the BLS (Bureau of Labor Statistics or rather Bureau of Laborious Statistics). It is a difficult feat for the imagination to believe that US unemployment is only 4.5% when 95 million people of working age are not in the work force now as opposed to 79.5 million not in the work force in 2000, further considering that in 2000 the US work force was 156 million and in 2017 it is 153 million with a total population of 325 million.
Airbnb has changed the way the world travels since its launch in 2008. The company, which is now valued well into the billions, has helped homeowners across the globe become mini-hoteliers, allowing guests to stay overnight in an extra room, or take over their entire home for a set period of time. To date, the company has helped book more than 160 million guests for its more than three million listings in 190 countries, according to Airbnb’s own statistics.
Billionaire activist investor Daniel Loeb's Third Point LLC hedge fund has taken $3.5 billion stake in Nestlé. The stake amounts to about 1.25% of swiss company's shares. The hedge fund is proposing Nestlé set a formal profit margin target of 18-20 per cent by 2020, boost its debt to buy back shares, put up for sale non-core products in its portfolio, and sell its 23 per cent stake in cosmetic maker L’Oréal, a stake with a market value of about $27 billion. Nestle’s current operating margin is about 15 per cent. Nestlé did not respond immediately to requests for comment.
An important step was moved the last week towards the integration of the Chinese economy within the financial world. The index giant MSCI has finally decided to include, next year, 222 China mainland stocks to its emerging markets index. The proposal had been rejected three times in the recent years. It’s a big decision since MSCI controls the benchmarks of the most heavily owned exchange-traded funds worldwide, an asset class that is more and more relevant in the global financial world.
Warren Buffett’s company is lending $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender’s stock. Berkshire said Thursday that the credit line will carry a relatively hefty 9 percent interest rate once Berkshire completes its initial stock investment later this month. The rate is similar to what Berkshire charged on loans it made during the financial crisis to companies including Goldman Sachs and General Electric.
One event this week shows why digital currency markets still have a long way to go before they're safe enough for large-scale trading. The digital currency Ethereum experienced a "flash crash" on Wednesday, with the price falling from about $296 to a low of 10 cents in a matter of minutes. The most widely-used exchange, Coinbase-owned GDAX, operates like a traditional stock exchange, and lets traders buy stock on margin and place so-called "stop loss" orders—an automated instruction to sell if the price falls below a certain point. Adam White, the vice president of GDAX, wrote in a blog post on the company's site that an unusually large sell order caused the crash.
Alibaba Chairman Jack Ma, in an interview to CNBC, said the rising technological advancements in artificial intelligence could lead to World War III. Speaking to the news channel, the billionaire Chinese business magnate said there is a need for the world leaders to educate people about the pain that the rapid rise in automation and artificial intelligence will bring. “The first technology revolution caused World War I. The second technology revolution caused World War II. This is the third technology revolution,” he said. “People are already unhappy because lot of machinery, artificial intelligence is killing lot of jobs,” he added.
The Luxembourg Financial Sector Supervisory Commission (CSSF) have fined the local arm of Swiss private bank Edmond de Rothschild for its handling of funds linked to scandal-hit Malaysian investment fund 1MDB, a source familiar with the matter said on Thursday. The CSSF communicated the conclusion of the administrative procedure to Edmond de Rothschild (Europe) on 21 June," the private bank said on Thursday.
UK Prime Minister Theresa May promised EU citizens now living in Britain they could stay after Brexit but started a dispute with Brussels over the role of Europe's top court. At a summit in Brussels on Thursday, May gave "a clear commitment that no EU citizen currently in the UK lawfully will be asked to leave the country at the point that the UK leaves the EU", a British government source said.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
Updates and news from MarketPlus
|SMI® PR||9037.92||0,28 %|
|LYXOR DAX INAV||117.056||0,71 %|
|FTSE MIB Index||21984.80||1,20 %|
|FTSE 100||7433.03||0,66 %|
|CAC 40||5176.61||0,70 %|
|S&P 500||2468.11||0,14 %|
|NASDAQ Composite||6345.1089||0,19 %|
|HANG SENG INDEX||27324.93||-0,31 %|
|Powered by Yahoo Finance|